Cyanconnode Share Discussion Threads

[volsung] 02/8/2017 21:21

Goats are the way forward. Mark my words!!

[multibagger] 02/8/2017 21:18

Massive procurement for smart meters in India with 3 year execution time frame....

hxxps://eesl.eproc.in/ProductEESL/nitParameterView?nitviewFlag=1#

209 page document

Bid submission deadline: 25.08.2017 @1430

5 million smart meter procurement over 3 years

Earnest Money Deposit : About £22m +

To be divided into 3 lots (50%, 20% and 30%) across 3 suppliers ?

If we are bidding, then it will have to be in consortia due to financial and balance sheet requirements, that we other wise won't meet.

Maybe we will bid in consortia with L&T, but most definitely bid given our expertise and track record in India.....

Sign of real intent and things to come....Indian smart meter scene - the sleeping giant appears to be awakening :)

[multibagger] 02/8/2017 21:18

Massive procurement for smart meters in India with 3 year execution time frame....

hxxps://eesl.eproc.in/ProductEESL/nitParameterView?nitviewFlag=1#

209 page document

Bid submission deadline: 25.08.2017 @1430

5 million smart meter procurement over 3 years

Earnest Money Deposit : About £22m +

To be divided into 3 lots (50%, 20% and 30%) across 3 suppliers ?

If we are bidding, then it will have to be in consortia due to financial and balance sheet requirements, that we other wise won't meet.

Maybe we will bid in consortia with L&T, but most definitely bid given our expertise and track record in India.....

Sign of real intent and things to come....Indian smart meter scene - the sleeping giant appears to be awakening :)

[multibagger] 02/8/2017 10:31

Hi gleach123,

Well done ! The price action is intriguing and the pressure on the share price over the last several weeks in the context of the news flow of contracts.
Have to see what is behind it all.

Nevertheless, very relaxed and confident about the future....waiting for CYAN to do an IQE....you heard it here first ;)

Good luck all !

[gleach23] 01/8/2017 20:59

At 122m, that's an impressive volume day today, mostly buys (including a couple from me) as the price dropped. 20m trade @ 14.25p in the closing auction will hopefully bode well for the morning too...

[lwaxf13] 01/8/2017 11:43

Looking strong and stable ;-) Still needs a clear out at the top IMO for presiding over years of failure and never ending jam tomorrow that never comes.

[multibagger] 26/7/2017 16:51

Research courtesy of Bonzoful on the other thread..


India : Smart Grid project to cover entire Mysuru

The Smart Grid project, so far being implemented on a limited scale in Mysuru to ensure better power supply-demand management by the Chamundeshwari Electricity Supply Company (CESC), will be expanded across the city in view of its success and enhanced power savings.

This was disclosed by the Minister for Energy D.K. Shivakumar, here on Tuesday. He said that about 24,500 CESC consumers in the city were part of the Smart Grid pilot project and the results had been encouraging. Hence, it would be expanded to bring in all four lakh CESC consumers in the city within its ambit and is expected to cost around ₹400 crore.

Mysuru is the first city in the country to have implemented the Smart Grid project under the PPP model at a cost of nearly ₹32.59 crore. As of now, it covers 24,532 consumers in the city.

The CESC pointed out that the concept entailed switching over to digital and automated technology and solutions so as to increase efficiency in power management besides reduction in cost. The authorities say that adopting the Smart Grid concept has its own benefits for the power supply company as is evident in the successful run of the pilot project. This includes improvement in supply hours, reduction in the peak load, reduction in the operational cost, better load forecast, among other benefits.

From the consumers’ point of view Smart Grid ensures reliable and quality power supply besides improved security features, facility for online billing and payment information.

The Smart Grid Pilot Project has evoked nation-wide appreciation. Technical experts from other parts of the country have also evinced an interest in its functioning.

The Minister said despite the drought in the State, the ESCOMS had ensured adequate power purchase and supply and focus was on harnessing renewable energy sources including solar and wind.

[multibagger] 24/7/2017 16:39

Wonder what could be the potential implications of the above for our technology ?

If we are already embedded in the smart grid connectivity at the home/business premises level, then we are more than likely to have a role to play ?

[multibagger] 22/7/2017 07:53

Many thanks davep4 for kindly sharing - much appreciated :)

[davep4] 21/7/2017 15:36

CyanConnode* (CORP)
Leader of the narrowband


Ticker: CYAN
Market Cap: £26.8m
Price: 0.15p
Target Price: 0.50p

Lorne Daniel
020 7220 0545
[e-mail]



CyanConnode is a global leader in designing and deploying narrowband Internet of Things (IoT) solutions, principally using its RF mesh networking technology. It offers better performance for lower total cost of ownership than rivals, with easy deployment and secure IP-based machine-to-machine (M2M) communication. It has spent many years and £30m developing narrowband RF mesh networking technology and commercialising it in a world-class, award-winning narrowband IoT platform enabling M2M interface for smart-city or IoT applications, including smart metering and smart lighting. The business model currently focuses on volume hardware deployment together with recurring software licences per device, migrating to a licensing/royalty model as volumes increase and improving gross margin. Once a utility has borne the heavy cost of a network deployment, it is likely to be kept for many years and can now be upgraded for new IoT applications; leading to years of recurring high-margin licence fees.

[multibagger] 19/7/2017 12:11

No worries Techno20....I am sure that this target of 0.5p for starters will be reached though patience is required !

[techno20] 18/7/2017 16:41

And I thought a price target of 0.5p would be well received!

Sorry, multibagger, just took the info from the N&P broker feed, so not read / got the report.

[multibagger] 18/7/2017 13:26

Hi Techno20....thanks for sharing the Finncap target.

Is there is a link you can kindly share / post the Finncap report please ?

[emptyend] 18/7/2017 09:34

Harry's appointment makes perfect sense. He was heavily involved in the Connode deal and I suspect that he would have been externally regarded as COO anyway. On a more practical level, he has put nearly £250k into the company - and will be very focused on ensuring it proves profitable.

[techno20] 18/7/2017 07:38

Finncap initiates with "Corporate" rating and target of O.5p. Should land well. GLA

[multibagger] 14/7/2017 10:32

I am very pleased with the re-alignment of roles re Directors and NEDs.

The recent appointments of Pete Hutton and David Bland and move of Harry Berry to COO seem astute (based on what we publicly know in terms of their backgrounds and skill sets).

Getting the right people in the right role and playing to their strengths is a key issue and JC seems to have executed this well. Due attention is being paid to the delivery and implementation and ensuring "revenue assurance"...all KPI areas (I would imagine) of any large scale delivery plan.

Exciting times..... I am continuing to add...

Good luck all :)

[multibagger] 14/7/2017 10:31

Looks like JC and DB worked together at Azure Solutions....

"Prior to Coller IP, David was the Financial Director and Company Secretary of Azure Solutions Limited, and in a three year period (2003 to 2006) was instrumental in three acquisitions and a second round fundraising totalling $15m. Finally the company was successfully merged with Subex plc, an Indian public company, quoted on both Indian and European Stock Exchanges.

David qualified in the mid 1970s as a Chartered Accountant and is currently a member of the Institute of Chartered Accountants in England and Wales.

David worked for Coopers and Lybrand (now PWC) and acquired a strong financial grounding in systems and audit work for a large variety of clients, including a secondment with the World Bank in East Africa. He commenced a period of 18 years working with several international groups and he joined Davv Morris Limited (part of the Tralfalgar House Group) as Finance Director and Company Secretary, responsible for the UK and overseas companies. He was also as Finance Director with Simon Engineering, and latterly with Vitec Group as a Divisional Finance Director with responsibilities for the European, North American and Asia Pacific operations. David has also worked with BT on its Britestar initiative."

[lwaxf13] 13/7/2017 13:11

Great progress? Really? Share price down about 60% since JC arrived and this is great progress? I would hate to see things here if they were going badly ;-)

[multibagger] 13/7/2017 11:08

BRR media podcast - John Cronin on today's Trading Update available on the Cyanconnode website.

[bscuit] 13/7/2017 10:14

Cyan and Concord -- apart from both being C companies might they have more in common world breaking but ultimately no future? Great RNSs but no huge orders yet.

[tightfist] 13/7/2017 09:25

Good to see Harry Berry appointed as COO, to deal with "frenetic pace". I have been impressed by Harry, he seems a lot more grounded than the rest of the BoD....... Also relieved to see that his new Options are to be issued at a 20% premium!

[tightfist] 13/7/2017 09:17

Yes, Cyan continues to have fantastic POTENTIAL. However whilst the growing multi-year recurring revenue stream/margin is welcome we have need to be aware that the delivery period for this 50% of the order pipeline is stretching into the far distance.......Before today's TU I was confident that Trading in H2 will be well ahead of H1, with delivery of the known order pipeline ramping-up. It's the Opportunities pipeline I want to know more about. The first evolutionary mega-milestone is to acheive cash-neutral operations; I fear this still some way off for the legacy Asian business. The UK SMIP (Connode) roll-out could be very useful in that context.Cheers, tightfist

[multibagger] 13/7/2017 08:39

Good morning cpap man !

I agree with your take that we are undervalued and market sentiment is not too favourable at the moment - legacy issues around fund raising and scaremongering about conversion of contracts to revenue. A good time to enter and build a life changing position - I have....

To me CYAN has fantastic potential and the Directors have invested a lot of their money in the same, as have some fund managers with excellent tract records of investment in the technology sector. The shift to a software IP based, recurrent revenue model with various products to meet the needs of various geographic market is hugely attractive.

Once our business model and revenue generation shows proof in terms of profits and dividends, then we will be taken over in short order at a significant premium. No ifs or buts, IMHO :)

[duxy786] 13/7/2017 08:35

Great progress. Slowly but surely.Hope y'all well