Cyanconnode Share Discussion Threads

[inthetin] 22/5/2024 09:04

Hi SBP

hxxp://recindia.nic.in/ami-test-demonstration

Thanks to LTI in LSE.

Cheers

ITT

[inthetin] 22/5/2024 09:01

Who came up with the name DigiSmart Networks and why the move away from the Cyan brand (and its 15 years of activity in India)?

It doesn't help that the name 'DigiSmart' is naff IMO.

[folderboy] 22/5/2024 09:01

Looks like a few (of us) have thought long enough - suspect "jury still out" or maybe it's just that "jam tomorrow syndrome". Thought I would get a few of my cliches out of the way. Oh, and yes, I have added. Please note that that this is not necessarily a good thing!

[stupidboypike] 22/5/2024 08:58

Itt do we know that they don’t?
Best regards SBP

[daddy warbucks] 22/5/2024 08:56

Let’s see if there is to be another rights issue, to fund this initiative.

[inthetin] 22/5/2024 08:44

Cyan is now one of 58 AMISPs.

Of those other 57 companies, 20 offer both cellular and RF.

After all this time, why isn't Cyan offering cellular too? I thought that they'd sorted this.

[derek ten bag] 22/5/2024 08:31

Back in the day news like this would have got things moving, one way or another. But as Folderboy says, the market is still thinking. It certainly has a much more 'corporate' feel to it, so it may well take some digesting. I was hovering over the 'buy' button yesterday because, like you Multi, I had a feeling that things were happening behind the scenes but I held off. For now I am glad I did so. I would like to know how this is likely to impact our positioning in the SM situation in India in relation to the companies we have been working with. Some further analysis would be most welcome.

[folderboy] 22/5/2024 08:11

Looks like the market is still "thinking".

[multibagger] 22/5/2024 08:09

Good morning all :)

Fantastic news ! A step change in ambition, scope and scale and looks like CYAN would have tied up the funding in principle ? The Standard Bidding Document required various financial criteria to be met before REC empanelment. So looks like we may have gained some strong financial backers/institutional investors or infrastructure/sovereign wealth funds and will have a go at the remaining phase 2 RDSS bidding. To me this could be the "something big" that I felt was on the cards given the flurry of RNS in the middle of last month.

Let's see what the market thinks !

Good luck all :)

RNS Number : 3725P
CyanConnode Holdings PLC
22 May 2024

Empanelment of CyanConnode India Subsidiary as an AMISP

CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, is pleased to announce that the wholly owned subsidiary of its Indian entity, Digismart Networks Private Limited (Digismart), has qualified and been certified to participate in the upcoming smart metering tenders as an Advanced Metering Infrastructure Service Provider (AMISP).

Following a rigorous testing process, Digismart has successfully demonstrated an end-to-end Advanced Metering Infrastructure (AMI) prepaid solution on its Omnimesh RF network. The certification, valid until 13 May 2026, was issued by REC Ltd. (a Public Sector Undertaking under Ministry of Power, Govt. of India) in recognition of Digismart's adherence to the specifications outlined in the Request for Empanelment. This certification enables Digismart to bid directly as an AMISP under the Revamped Distribution Sector Scheme (RDSS) for smart prepaid metering in India on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

This certification provides a strategic boost to CyanConnode in India, which is steadily increasing its footprint as the nationwide rollout of smart meters continues to gain momentum. CyanConnode's current order book stands at 6.6 million units, of which 3 million have already been dispatched. Through Digismart, the Company would be responsible for the end-to-end execution of smart metering projects, from meter supply to Meter Data Management (MDM).

This empanelment allows Digismart to engage directly in significant projects, further integrating CyanConnode's advanced RF technology into critical infrastructure projects across India.

John Cronin, Executive Chairman of CyanConnode, commented:

"The AMISP certification for Digismart is significant for CyanConnode as it puts us at the forefront of India's rapidly evolving smart metering landscape. Having been active in India for 15 years, and executing our first project a decade ago, we understand this country exceptionally well and are ideally placed to execute projects and meet the vision and standards set by the Government. We are now well-positioned to contribute to the modernization of India's energy management systems and further strengthen our presence in the market."

[tightfist] 22/5/2024 07:38

Agreed SBP, with their Omnimesh track-record in India, the competitive threat may give considerable negotiating leverage, especially in RF zones

[indiestu] 22/5/2024 07:35

Meter Data Management (MDM). I have no idea what this entails. Is it a new market for Cyan and what is the significance in terms of alternate revenue streams?

[stupidboypike] 22/5/2024 07:28

Tightfist it helps our negotiating position with potential customers. “If onmimesh isn’t part of your bid, we will bid”

Best regards SBP

[tightfist] 22/5/2024 07:23

AMISP Empanelment is a pretty left-field development, though it was alluded to a couple of years ago, before Empanelment came about. The financing of it must be a big ask, it must be the start of a series of initiatives? IMHO it seems to place them in head-on competition with their would-be customers - interesting! tightfist

[homebrewruss] 22/5/2024 07:20

Presumably the timing of the presentation is related to this

[stupidboypike] 22/5/2024 07:18

This looks very good news.

Best regards SBP

[daddy warbucks] 21/5/2024 15:23

Fair point.

[homebrewruss] 21/5/2024 14:58

This time they haven't notified of results being on a certain date before the presentation.
I'd be very surprised if we had results before the presentation.

[inthetin] 21/5/2024 11:29

Well, from what I can see, these Investor Presentations can have a positive (albeit temporarily) impact on the share price.

10/08/21 presentation - share price was 12.75p
19/11/21 three months later - share price was 26p (i.e. up 100%)

08/12/22 presentation - share price was again 12.75p
03/02/23 two months later - share price was 22.5p (i.e. up 76%)

[chrysalis99] 21/5/2024 10:09

The key question for the IMC meeting is funding. As usual. No more equity dilution please, especially at this lowly share price.

[derek ten bag] 21/5/2024 08:53

Morning HBR. I'm a pretty simple chap and tend to be positively influenced by the phrase 'is pleased to announce' (as opposed to 'announces'). For what it's worth I am hoping that by the 31st they will be in a position to quantify the level of outperformance mentioned in the trading update. I will be disappointed if it is not, at least, in the 20-25% range. We shall see. The bonus would be news, in the interim, of a significant new order. Hope springs eternal. GLA.

[homebrewruss] 21/5/2024 08:25

Why would they bother doing an investor presentation if they were about to take the company private. Seems highly unlikely out of the range of possibilities.

[dumper1] 21/5/2024 08:22

Dtb we have been close to something for ever ;) I think this q&a will be preceded by the usual rns list to mitigate against the the ‘why would anyone buy these shares to hold when you look at the many years history of the sp’ question
Hopefully one of those runs will be an offer for the company ones and not a we are taking it private one! Although that would explain a lot.

[derek ten bag] 16/5/2024 09:02

Thanks for your thoughts, Nick. It would be interesting to know in what way you think things might progress from here, hopefully to our advantage. You say that you hope that CC as it was is 'potentially a thing of the past'. I am assuming that you want its new incarnation to be better marketed to a wider range of investors and to be more in tune with the needs of shareholders. For my part, I believe (having been here for a long time) that both JC and HP have done fantastically well to get us to where we are now. For much of the time I suspect that funding issues have hampered what they would like to have done but, with revenues now increasing significantly, I would hope to see the company moving things up a level in terms of their market profile. Perhaps the appointment of Panmure Gordon is a sign of that starting to happen. I really don't think it would take much, order-wise, to make the market sit up and take notice and, as has often been stated on here, these SFAs and orders do take time to set up. But we should be close to these deals being finalised by now. I'm not at all sure why the Indian elections should have much bearing on corporate activity, especially on the non-Indian stuff. But we do need to hear from the company very soon.