Cyanconnode Share Discussion Threads

[cpap man] 13/7/2017 08:00

Good morning mb....correct me if i am wrong but aren't CYAN now extremely under valued by the market?!?!?

[cpap man] 13/7/2017 07:41

EXTREMELY BULLISH....



"As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review."

[cpap man] 13/7/2017 07:40

EXTREMELY BULLISH....



"As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review."

[multibagger] 13/7/2017 07:40

So a possible leak yesterday and buying ahead of TU...post 65

That's a very reassuring and strong trading update...

...."management is confident that trading during the second half will be significantly ahead of the period under review."

Tasty :)

Good luck all !

[cpap man] 13/7/2017 07:30

CyanConnode Holdings plc
("CyanConnode" or the "Company")



Trading Update



CyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, provides a trading update for the six month period ending 30 June 2017.



Key Developments

This was a busy period for the Company with key existing relationships strengthened and the Company's global reach enhanced. This was demonstrated by a combination of both new orders and follow on contract wins in Bangladesh, India and Sweden worth a total of £7.6 million, which were won and will now be delivered through the well-established partner eco-system.



Financial Highlights

Revenue for the period was in line with management's expectations at £0.6 million as the revenue mix transitioned from low-margin third party electricity meters, delivered to a specific customer in India in the corresponding period, towards the more regular revenue mix of CyanConnode hardware, software and professional services.



The Company is pleased with progress on its software recurring revenue model, with approximately 50% of the £7.1 million order for Bangladesh for the period from recurring software licenses.



The order book, representing the value of purchase orders received but not yet delivered, grew significantly over the six month trading period from £13.0 million to £20.1 million, which is in addition to the expected £25.0 million of software licence and support fees from the UK smart metering contract.



During the first six months of 2017, the Company collected customer payments of £1.1 million. As of 30 June 2017, net cash was £3.1 million compared with £3.9 million at the end of the financial year to December 2016 and £2.4 million at the end of June 2016.



Outlook

The Company continues to develop its software recurring revenue model, underpinning revenue visibility with further margin expansion expected from both existing and new opportunities. The order book, which the Company will commence delivering on during the second half, new opportunity pipeline and growing global presence underpin management's confidence in a strong performance during the remainder of the current financial year and beyond.



Immediately following the period end, CyanConnode announced a £0.9 million order from India, which has further increased the order book to £21 million.



As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review.



John Cronin, CyanConnode Executive Chairman, commented: "The progress made during the period ensures we are well placed to build on the momentum achieved by expanding our capabilities and strengthening our brand globally. We have now built a world class development and delivery organisation and the value of this has directly resulted in the follow on orders from Tata Power and in Bangladesh in the period.



"We are extremely excited by the continued opportunity, security and visibility provided by the growing number of deployments as we now start to deliver on our significant order book. The quality of our products and customer base signify the strength of our operations and reflect our continued efforts to deliver results for shareholders on a growing number of fronts. CyanConnode is now becoming a well-established business, with highly competitive solutions which industry leading customers like Tata Power are buying and then re-ordering on a repeat basis."

[cpap man] 13/7/2017 07:30

CyanConnode Holdings plc
("CyanConnode" or the "Company")



Trading Update



CyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, provides a trading update for the six month period ending 30 June 2017.



Key Developments

This was a busy period for the Company with key existing relationships strengthened and the Company's global reach enhanced. This was demonstrated by a combination of both new orders and follow on contract wins in Bangladesh, India and Sweden worth a total of £7.6 million, which were won and will now be delivered through the well-established partner eco-system.



Financial Highlights

Revenue for the period was in line with management's expectations at £0.6 million as the revenue mix transitioned from low-margin third party electricity meters, delivered to a specific customer in India in the corresponding period, towards the more regular revenue mix of CyanConnode hardware, software and professional services.



The Company is pleased with progress on its software recurring revenue model, with approximately 50% of the £7.1 million order for Bangladesh for the period from recurring software licenses.



The order book, representing the value of purchase orders received but not yet delivered, grew significantly over the six month trading period from £13.0 million to £20.1 million, which is in addition to the expected £25.0 million of software licence and support fees from the UK smart metering contract.



During the first six months of 2017, the Company collected customer payments of £1.1 million. As of 30 June 2017, net cash was £3.1 million compared with £3.9 million at the end of the financial year to December 2016 and £2.4 million at the end of June 2016.



Outlook

The Company continues to develop its software recurring revenue model, underpinning revenue visibility with further margin expansion expected from both existing and new opportunities. The order book, which the Company will commence delivering on during the second half, new opportunity pipeline and growing global presence underpin management's confidence in a strong performance during the remainder of the current financial year and beyond.



Immediately following the period end, CyanConnode announced a £0.9 million order from India, which has further increased the order book to £21 million.



As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review.



John Cronin, CyanConnode Executive Chairman, commented: "The progress made during the period ensures we are well placed to build on the momentum achieved by expanding our capabilities and strengthening our brand globally. We have now built a world class development and delivery organisation and the value of this has directly resulted in the follow on orders from Tata Power and in Bangladesh in the period.



"We are extremely excited by the continued opportunity, security and visibility provided by the growing number of deployments as we now start to deliver on our significant order book. The quality of our products and customer base signify the strength of our operations and reflect our continued efforts to deliver results for shareholders on a growing number of fronts. CyanConnode is now becoming a well-established business, with highly competitive solutions which industry leading customers like Tata Power are buying and then re-ordering on a repeat basis."

[multibagger] 12/7/2017 17:08

What's going on I wonder to account for 4 upticks on less than 11m volume ?

[multibagger] 06/7/2017 22:11

Telephone interview with John Cronin on today's contract win....

[lwaxf13] 06/7/2017 12:51

Hear, hear!!! It seems I am not the only one who does not believe a word from the CYAN BOD. Has there been no scripted BRR production to big up this latest announcement from the self proclaimed world leading company?

[tightfist] 06/7/2017 10:42

Hi Montjuic, I am here since the day of float and can understand most of the scepticism and cynicism that abounds on this BB.During my career I have been involved in launching technology products that were years ahead of a slow-developing market (the market awoke 3-5 years later) and the suppressed economics and extended timescales when selling-in to the closed market that is India. That experience makes me far more tolerant than most, time will tell if I am a mug PI!Cheers, tightfist

[montjuic] 06/7/2017 10:20

Having been here since pre-float & experienced all of the previous announcements from JC I fully understand why there's such a muted response, just like the boy who cried "wolf", it's difficult to trust the BOD announcements having had our fingers burned after an endless string of other 'cries' in the past.

Investers would like to believe but can't trust announcements anymore as there's usually a sting in the tail, they will need to go a long way farther towards paying their way with income, but I guess 'loyal' shareholders are just mugs to be exploited in their eyes, paying over the odds for shares which are subsequently diluted to death while the BOD & 'mates' fill their pockets at preferential rates.

[tightfist] 06/7/2017 09:44

Very muted response here to IMHO the most interesting RNS for a long while. Lots to like about this RNS and we are not seeing (yet!?) the habitual sell-off. The headline ~$47 total unit revenue over only 4 years is very encouraging, if only we knew the scope (ie variable cost) of the "hardware" supply...... Can anyone comment?Cheers, tightfist

[multibagger] 06/7/2017 07:19

RNS Number : 2348K

CyanConnode Holdings PLC

06 July 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

$1.1 million purchase order from India

Contract win for IPv6-based smart metering solution in India

CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a purchase order from Genus Power Infrastructures Ltd ("Genus") for a smart metering deployment for the Indian state-owned utility Uttar Gujarat Vij Company Ltd ("UGVCL"). This is the Company's first contract award from its new partner, Genus, a tier one meter provider with the largest installed base in India and supplier to multiple utilities.

The purchase order is for a smart metering implementation of over 23,000 units, to be deployed over the next 18 months, for UGVCL customers in Naroda, a suburban town in the fast-growing areas of Ahmedabad. UGVCL operates in the northern parts of Gujarat and serves a consumer base of more than three million, providing substantial scope for follow on orders in the future.

This is the first order from India for CyanConnode's IPv6-6LoWPAN based Advanced Metering Infrastructure ("AMI") solution for volume commercial deployment, highlighting the benefits of the Company's range of solutions while further expanding its product footprint within the region. The IPv6-based technology was developed by Connode AB in Sweden, prior to the Company's acquisition, which was completed in July last year. The IPv6-based solution will enable CyanConnode's first IoT communication network, supporting the connectivity of smart city and IoT applications through one network in the future. CyanConnode's future-proof technology will allow the utility to leverage the initial investment in a smart metering solution to build out smart city services at minimal cost.

CyanConnode will supply its standards-based hardware, services and head end software licenses to Genus. The software will be charged on a per meter per year basis with an annual maintenance contract, delivering a recurring revenue stream over the initial four-year contract term. As the prime contractor to UGVCL, Genus will integrate CyanConnode's narrowband RF mesh technology with its IS 6444 (Bureau of Indian Standards meter protocol) meters to supply the first CyanConnode IPv6-enabled smart meter. Genus will also provide system integration and project management to UGVCL.

JK Agarwal, Joint MD Genus Power, commented:"As a leading "Made in India" meter manufacturer, with the largest installed base of meters in India, it is imperative that Genus provides a range of highly innovative and sustainable solutions smart energy metering products for utilities and customers. The implementation of CyanConnode's world class communication solution, based on IPv6 narrowband RF mesh network, will meet the technical requirements for AMI in India. CyanConnode's robust networks are proven by its customer deployments globally and Genus looks forward to working with CyanConnode on this and other projects in India. By joining hands with such proven players, we are committed to make Smart Cities and Smart Grid possible in India."

John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to receive this order for an IPv6-based smart metering solution from a new meter manufacturer partner in India, Genus. The acquisition of Connode last year has ensured that we are well-positioned to meet the evolving needs of the Indian market in terms of specific functions such as IPv6-based smart metering solutions. IP-based narrowband mesh solutions allow greater flexibility and rapid innovation, allowing customers to leverage investment in single-application platforms to build out smart city and Internet of Things services. We are very excited by the growing number of opportunities provided by our standards-based offering and look forward to winning more new orders as the global demand for these solutions grows."

[multibagger] 06/7/2017 07:15

Another major contract win in India with IPv6 technology...fantastic news !

RNS Number : 2348K

CyanConnode Holdings PLC

06 July 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

$1.1 million purchase order from India

Contract win for IPv6-based smart metering solution in India

CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a purchase order from Genus Power Infrastructures Ltd ("Genus") for a smart metering deployment for the Indian state-owned utility Uttar Gujarat Vij Company Ltd ("UGVCL"). This is the Company's first contract award from its new partner, Genus, a tier one meter provider with the largest installed base in India and supplier to multiple utilities.

The purchase order is for a smart metering implementation of over 23,000 units, to be deployed over the next 18 months, for UGVCL customers in Naroda, a suburban town in the fast-growing areas of Ahmedabad. UGVCL operates in the northern parts of Gujarat and serves a consumer base of more than three million, providing substantial scope for follow on orders in the future.

This is the first order from India for CyanConnode's IPv6-6LoWPAN based Advanced Metering Infrastructure ("AMI") solution for volume commercial deployment, highlighting the benefits of the Company's range of solutions while further expanding its product footprint within the region. The IPv6-based technology was developed by Connode AB in Sweden, prior to the Company's acquisition, which was completed in July last year. The IPv6-based solution will enable CyanConnode's first IoT communication network, supporting the connectivity of smart city and IoT applications through one network in the future. CyanConnode's future-proof technology will allow the utility to leverage the initial investment in a smart metering solution to build out smart city services at minimal cost.

CyanConnode will supply its standards-based hardware, services and head end software licenses to Genus. The software will be charged on a per meter per year basis with an annual maintenance contract, delivering a recurring revenue stream over the initial four-year contract term. As the prime contractor to UGVCL, Genus will integrate CyanConnode's narrowband RF mesh technology with its IS 6444 (Bureau of Indian Standards meter protocol) meters to supply the first CyanConnode IPv6-enabled smart meter. Genus will also provide system integration and project management to UGVCL.

JK Agarwal, Joint MD Genus Power, commented:"As a leading "Made in India" meter manufacturer, with the largest installed base of meters in India, it is imperative that Genus provides a range of highly innovative and sustainable solutions smart energy metering products for utilities and customers. The implementation of CyanConnode's world class communication solution, based on IPv6 narrowband RF mesh network, will meet the technical requirements for AMI in India. CyanConnode's robust networks are proven by its customer deployments globally and Genus looks forward to working with CyanConnode on this and other projects in India. By joining hands with such proven players, we are committed to make Smart Cities and Smart Grid possible in India."

John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to receive this order for an IPv6-based smart metering solution from a new meter manufacturer partner in India, Genus. The acquisition of Connode last year has ensured that we are well-positioned to meet the evolving needs of the Indian market in terms of specific functions such as IPv6-based smart metering solutions. IP-based narrowband mesh solutions allow greater flexibility and rapid innovation, allowing customers to leverage investment in single-application platforms to build out smart city and Internet of Things services. We are very excited by the growing number of opportunities provided by our standards-based offering and look forward to winning more new orders as the global demand for these solutions grows."

[davep4] 05/7/2017 22:05

I guess time will tell if their judgement is correct - perhaps regard any investment as a binary bet?!

[lwaxf13] 05/7/2017 08:37

It beggars belief that insiders have put so much cash into this given that they know more than the rest of us and it has been a train wreck. Questionable judgement? They can mop up all the shares they want. they do have the added incentive of 1 option for every one share they buy so it's like BOGOF for the same price in the future. This company is one where they might just have to take the loss on the chin.

[emptyend] 04/7/2017 19:51

Well FWIW I know only one of the directors - but I don't judge him to be someone who wantonly waves cheerio to £1/4mn. Indeed I would say he is pretty canny and relatively tightfisted, as his career elsewhere has shown.Of course one can usually ignore isolated director buys (and sells) but material investments en bloc are a rather different matter. Doesn't mean to say there won't be another opportunity at lower levels - but It is always difficult to time things.....

[lwaxf13] 04/7/2017 10:08

Maybe he simply followed the insiders lead.

Fwiw I consider insider buys here of no significance whatsoever given the track record of misjudging things.

[multibagger] 03/7/2017 13:58

Interesting RNS that a 3.65% holder has increased his stake to 4.03%

Wonder what he know that gives him that confidence ;) ?

Good luck all !

[multibagger] 03/7/2017 13:45

Interesting RNS that a 3.65% holder has increased his stake to 4.03%

Wonder what he know that gives him that confidence ;) ?

Good luck all !

[timbo003] 03/7/2017 10:20

Landis (who make the top hats which go above the smart meters) will go down the IPO route rather than a trade sale by the looks of it:

[stav5001] 01/7/2017 01:06

When you've got options

You've got .....Options

But loyal Pi's?

[multibagger] 30/6/2017 19:05

Hi gleach23 !

Thanks - I know and it would be lovely to be offered generous options....however I'm not complaining as I am confident enough to be holding a large 9 figure holding in CYAN ;)

High conviction investing - or sheer stupidity as some may see it ! A point of view as always. Have a good weekend !

Good luck all :)