Cyanconnode Share Discussion Threads

[emptyend] 15/8/2017 07:50

Pity that family commitments led me to miss the recent brief dip.......I was hoping to get another top-up chance but now probably won't....

[multibagger] 15/8/2017 07:11

And another giant order announced today (15.08.2017) - fantastic :)

New $10M Purchase Order Extension in Bangladesh

CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a $10 million purchase order extension from its specialist in energy management systems customer for a smart metering contract in Bangladesh, South Asia.

This new order more than doubles the accumulated orders from the customer to date to $19 million, with the initial order already having been extended from $5 to $9 million in June 2017. This latest extension for CyanConnode's Advanced Metering Infrastructure ("AMI") solution is for an additional 300,000 units, bringing the total order size to date to 550,000 units.

As a result, the order book, representing the value of purchase orders received but not yet delivered, has grown significantly from £13 million at the beginning of the calendar year to £28 million today, which is in addition to the expected £25 million of software licence and support fees from the UK smart metering contract.

Strengthened Relationship
This latest extension will enable the customer to meet the increased requirements of the geographic territory in Bangladesh that has been awarded to the energy management systems company based in Eastern Europe. The energy management system company, which manufactures approximately 1.5 million utility meters per year, will integrate CyanConnode's hardware with its meters and shipment to their production facility will take place over the next 18 months.

CyanConnode will also provide Head End Server Software, which will be hosted by the energy management system company, with annual software licence income being recognised over a ten-year contractual period following successful smart meter implementation. The recurring revenue software licences and annual maintenance contract, which represents approximately 55% of the purchase order value, will be paid annually and charged on a per meter per year basis.

Growing Levels of Demand
The energy management system company has formed a local entity, a new utility that has entered a long-term agreement with the Bangladeshi Government to provide electricity to consumers. The new utility has a consumer base of four million customers, which provides the potential for further substantive orders. The overall number of electricity consumers in Bangladesh is approximately 58 million. Bangladesh is among four South Asian countries that are struggling due to increasing pressure from rising electricity demand, failure to collect revenue and poor reliability, according to smart grid research specialists Northeast Group. Over the next decade, these countries will make significant investments to modernise smart grid infrastructure, particularly in the metering segment. Smart grid investment is projected to total $8.1 billion over the period 2016-2026, with large-scale funding from the Asian Development Bank, the World Bank as well as bilateral aid organisations.

John Cronin, CyanConnode Executive Chairman, commented: "The size and speed of this further order from our partner for their smart meter deployment in Bangladesh highlights the significant opportunity in the region with the repeat order demonstrating the scalability of our business model. Furthermore, the order size and revenue visibility provided by this 10-year contract further reflects the Company's leading position within the smart metering industry across both emerging markets and Europe."

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

[multibagger] 15/8/2017 07:05

And another giant order - fantastic :)

New $10M Purchase Order Extension in Bangladesh

CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a $10 million purchase order extension from its specialist in energy management systems customer for a smart metering contract in Bangladesh, South Asia.

This new order more than doubles the accumulated orders from the customer to date to $19 million, with the initial order already having been extended from $5 to $9 million in June 2017. This latest extension for CyanConnode's Advanced Metering Infrastructure ("AMI") solution is for an additional 300,000 units, bringing the total order size to date to 550,000 units.

As a result, the order book, representing the value of purchase orders received but not yet delivered, has grown significantly from £13 million at the beginning of the calendar year to £28 million today, which is in addition to the expected £25 million of software licence and support fees from the UK smart metering contract.

Strengthened Relationship
This latest extension will enable the customer to meet the increased requirements of the geographic territory in Bangladesh that has been awarded to the energy management systems company based in Eastern Europe. The energy management system company, which manufactures approximately 1.5 million utility meters per year, will integrate CyanConnode's hardware with its meters and shipment to their production facility will take place over the next 18 months.

CyanConnode will also provide Head End Server Software, which will be hosted by the energy management system company, with annual software licence income being recognised over a ten-year contractual period following successful smart meter implementation. The recurring revenue software licences and annual maintenance contract, which represents approximately 55% of the purchase order value, will be paid annually and charged on a per meter per year basis.

Growing Levels of Demand
The energy management system company has formed a local entity, a new utility that has entered a long-term agreement with the Bangladeshi Government to provide electricity to consumers. The new utility has a consumer base of four million customers, which provides the potential for further substantive orders. The overall number of electricity consumers in Bangladesh is approximately 58 million. Bangladesh is among four South Asian countries that are struggling due to increasing pressure from rising electricity demand, failure to collect revenue and poor reliability, according to smart grid research specialists Northeast Group. Over the next decade, these countries will make significant investments to modernise smart grid infrastructure, particularly in the metering segment. Smart grid investment is projected to total $8.1 billion over the period 2016-2026, with large-scale funding from the Asian Development Bank, the World Bank as well as bilateral aid organisations.

John Cronin, CyanConnode Executive Chairman, commented: "The size and speed of this further order from our partner for their smart meter deployment in Bangladesh highlights the significant opportunity in the region with the repeat order demonstrating the scalability of our business model. Furthermore, the order size and revenue visibility provided by this 10-year contract further reflects the Company's leading position within the smart metering industry across both emerging markets and Europe."

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

[multibagger] 14/8/2017 14:52

Hi NY Boy,

Thanks for your observation and out of interest, what are the technicals that you think point to a much bigger move ? TIA

[ny boy] 14/8/2017 14:47

CHart technicals point to a much bigger move, stay patient

[cpap man] 09/8/2017 10:48

Simples....someone[s] is/are accumulating CYAN stock!

[ohsod1t] 07/8/2017 15:47

Sell as many as you like! Why are they not moving it up?

[gleach23] 07/8/2017 15:35

Just £12 worth now available to buy online @ .16p (before charges!)...

[gleach23] 07/8/2017 13:55

Max 75k available to buy online currently - just £120 worth. Bodes well...

[sabre6] 05/8/2017 11:02

Dream
I don`t know why but when I think about you the word doughnut springs to mind!

[dreamtwister] 04/8/2017 20:34

the story of pinocio. a long time a go,a old ceo named john cronin hired a ramper to promote the company to investors,that the company was a world class leader in narrow band
and would give shareholders value for there loyalty, but sadly this was not true. so every time the ceo diluted the shares & the share price got weaker, the ramper loyal to his ceo told porkie`s and his nose would grow as a punishment for misleading investors.

the moral of the story, do not believe a ramper & dyor !

[sabre6] 04/8/2017 16:43

dream
How do you work that one out?

[dreamtwister] 04/8/2017 16:13

sabre6 your nose grows longer every time you post,

[lwaxf13] 04/8/2017 16:02

Good luck sabre. Though I just cannot see it happening. It has failure written all over it like so many AIM companies that promise much but lack the talent to deliver. The team has IMO had far too long on the payroll.

If it comes good then I will have been wrong but history is not on their side

[sabre6] 04/8/2017 15:13

Iwax
While I agree with a lot you say I am still convinced this will come good. I notice we are having higher lows and higher highs at the moment.
India is beginning to come on stream and there is still GB.
I think in one years time the share price will be a lot higher.
We will see!

[gleach23] 04/8/2017 09:02

Big trade reported after the close last night of 100m shares at 12.5p - looks like a large sell order filled by Tuesday's 100+m volume which was mainly buys?

[lwaxf13] 03/8/2017 13:19

if there was a share consolidation would the team get rewarded for getting the share price up? I don't see why not at this topsy turvy company where the team have been awarded options far below what the share price was on the day they arrived.

[rochdale] 03/8/2017 12:29

lwaxf13 - £10 a share might be achievable with a consolidation!

[techno20] 03/8/2017 12:28

Fair cop! Getting the timing right on early stage tech players feels nigh on impossible at times, but remain glass half full that each of the above will come good in time. If they deliver like IQE, I'm off to Barbados. Indeed with Cyan @ £10 I might buy Sandals!

[lwaxf13] 03/8/2017 10:24

Looks like cyan is going to multi bag then if a history of failure is a prerequisite to success. Cyan have failure covered in spades and then some!!! On this basis my target is £10 a share ;-) Just kidding of course.

[techno20] 03/8/2017 08:35

MB - concur with your comments re. iQE. I've held both shares for similar timeframes and can remember how painful IQE was only a matter of months back. Tom W rubbishing the shares, management being slated as incompetent etc etc. Things can change very fast. My lowest IQE buy was 15.75p, average 21p, and although I've sold lots on the way up I still have a significant holding. This is a game of patience, regular disappointment, nerve and the occasional massive win. Cyan, along with a number of my other tech holdings -see, Kmk, dgb for example - have world beating propositions and whilst I'm under water on all of them currently, they all have the potential to multibag! Topping up on Cyan later today. In for the duration. GLA Techno

[multibagger] 03/8/2017 07:20

I am wondering does anyone know how big a percentage of the order is usually required as an EMD ?

Not maybe immediately applicable to the EESL tender but Tamil Nadu Govt in India asks for 1% as per document below...

hxxp://www.tangedco.gov.in/emd1.php

If that were the case the iro £22m EMD extrapolated to a £2.2 billion order for 5 million smart meters....staggering if it is true !

[multibagger] 03/8/2017 07:20

I am wondering does anyone know how big a percentage of the order is usually required as an EMD ?

Not maybe immediately applicable to the EESL tender but Tamil Nadu Govt in India asks for 1% as per document below...

hxxp://www.tangedco.gov.in/emd1.php

If that were the case the iro £22m EMD extrapolated to a £2.2 billion order for 5 million smart meters....staggering if it is true !

[multibagger] 03/8/2017 07:14

Good morning all :)

The EESL tender document can be accessed with some minor effort (I am sorry that I am not able to post the big pdf file here).

Thinking about the fund raising RNS in March 2017 there was mention of Tier 1 manufacturers and CYAN positioning themselves with the same.

I think that a project of this magnitude with a tight implementation deadline of 3 years would have needed the Indian Govt to give a heads up to potential smart meter manufacturers to prepare for a massive ramp up of capacity.

CYAN (we) have therefore done the right thing in raising funds at that stage to be in a position to bid for the same. The lead time would also have been needed to agree on collaboration and tie ups from a consortia perspective. I think that we are likely to go with L&T for at least one of the tenders (3 tenders in total of 50%, 30% and 20%).

As our offer is essentially software which is vendor agnostic, the possibility that we may be the "cyan inside" to two competing smart meter manufacturers remains. The tender document does mention various software requirements, but I have not had the time to read it in great detail as yet.

Just an Earnest Money Deposit (EMD) iro of £22m speaks volumes of the overall scale of the project - which is likely to be in the hundreds of millions £ ?

And this is just for two states in India - albeit UP being one of the most populous in the country.

This could be the significant orders in India that JC alluded to in the latter part of the year.

Maybe my thinking is running away with the excitement of what the market reaction would be to winning even a 20% part of the tender ?

Off topic:
I think that there are parallels with the listlessness that IQE has experienced for a number of years and then whoosh ! CYAN could well do the same - and you heard it here first ;)
Though IQE was on the my radar from the late teens in share price, I have joined the party with a 100k share stake in IQE over the last few days. There is more to come from IQE....

Still sitting tight on my CYAN stake - not a single share sold :)

Good luck all !

[multibagger] 03/8/2017 07:13

Good morning all :)

The EESL tender document can be accessed with some minor effort (I am sorry that I am not able to post the big pdf file here).

Thinking about the fund raising RNS in March 2017 there was mention of Tier 1 manufacturers and CYAN positioning themselves with the same.

I think that a project of this magnitude with a tight implementation deadline of 3 years would have needed the Indian Govt to give a heads up to potential smart meter manufacturers to prepare for a massive ramp up of capacity.

CYAN (we) have therefore done the right thing in raising funds at that stage to be in a position to bid for the same. The lead time would also have been needed to agree on collaboration and tie ups from a consortia perspective. I think that we are likely to go with L&T for at least one of the tenders (3 tenders in total of 50%, 30% and 20%).

As our offer is essentially software which is vendor agnostic, the possibility that we may be the "cyan inside" to two competing smart meter manufacturers remains. The tender document does mention various software requirements, but I have not had the time to read it in great detail as yet.

Just an Earnest Money Deposit (EMD) iro of £22m speaks volumes of the overall scale of the project - which is likely to be in the hundreds of millions £ ?

And this is just for two states in India - albeit UP being one of the most populous in the country.

This could be the significant orders in India that JC alluded to in the latter part of the year.

Maybe my thinking is running away with the excitement of what the market reaction would be to winning even a 20% part of the tender ?

Off topic:
I think that there are parallels with the listlessness that IQE has experienced for a number of years and then whoosh ! CYAN could well do the same - and you heard it here first ;)
Though IQE was on the my radar from the late teens in share price, I have joined the party with a 100k share stake in IQE over the last few days. There is more to come from IQE....

Still sitting tight on my CYAN stake - not a single share sold :)

Good luck all !