Cyanconnode Share Discussion Threads

[owenski] 23/7/2018 07:28

No dosh mentioned. That'll be a peanuts affair then.

[lwaxf13] 23/7/2018 07:27

Oh. Thanks. That's alright then. For a minute there I thought cyan might not see the millions of real money from the uk previously bigged up. Sounds like it's all on course and everything is tickety boo :-) This time next year the share price could be £10. In fact IMO an ambitious and capable team would have a £10 (~ £1 billion company) target.

Btw £10 is only 5p in old money. Not a tall ask but cyan struggled to even stay and hold above 2/10ths of 1p back then. Now about 1/20th of 1p in old money.

[emptyend] 21/7/2018 22:10

I don't think Cyan have anything to do with the Phase 1 smart meters that are being heavily criticised. Their tech is in the Phase 2 meters for which the rollout has been delayed twice. Since it resolves a number of the problems identified, the sooner the Phase 2 rollout starts, the better.

[realist1950] 21/7/2018 07:33

LBC 7.32am - Negative news report on UK smart meter roll out. Non savings for consumers and hardware problems.

Don't shoot the messenger!

[lwaxf13] 18/7/2018 21:42

Imagine a plumber turns up at your door a year or two down the line and says something like "you know that job I did for you last year? Small leak in your loft? I know I put my feet through your bedroom ceiling in every bedroom!!! I know I knocked over your water tank and cost you thousands in damages. Has the carpet dried up yet? I know I set fire to your roof when I was doing a bit of soldering and caused thousands more damages. Nice new roof by the way. Well I was at your place pretty much all day even helping the fire brigade and I would like to be paid. I am on CheckAnExpert you know. Here is my invoice". ;-)

You of course immediately reach for your cheque book :-)

[realist1950] 18/7/2018 18:13

Once again, shareholders should be pushing the management for a statement as to any outstanding pay, yet to be paid, for work completed in previous years.

It's ridiculous that this (backdated pay) could happen again.

Shareholders need to know where they stand.

[lwaxf13] 18/7/2018 17:02

No one cares about recent orders. They can have all the orders in the workd. They never seem to translate into real money . You know the stuff that you can buy houses with? Or the money will come in so far in the future it's hardly worth mentioning. I do hope though that they get the £7M revenue or whatever it was. It would be unfair if the team missed out on their bonuses for their great work to date. Well it looks great if you turn the share price chart upside down :-)

[realist1950] 18/7/2018 16:02

The perfect example of a man too close to 'his' company.

The confirmation bias on full show.

[stedon] 18/7/2018 15:13

Is there any end to Tonyj's talents? ....an Ostrich Farmer and the local Jester!

[realist1950] 18/7/2018 14:40

Indeed. And TonyJ is the farmer.

[stedon] 18/7/2018 14:17

Hi Realist....Talking of Ostriches, I think they breed them on the HelL S.E. comedy show;)

[realist1950] 18/7/2018 09:14

Re. the recent order, I also posted this at the end of June:

realist195027 Jun '18 - 14:48 - 2729 of 2748 Edit
0 1 0
My guess is that there will be another RNS shortly - probably some order or other lodged, or a bit of cash spat into the coffers at cyan HQ.

That would be three 'positive' RNS' in close succession......but the market doesn't seem to be buying it.

I suspect there is a bigger and more ominous RNS further off and I suspect that relates to funding.

Been in the markets too long and I have seen it all before and it makes one weary.

zzzzzzzz!

The above is just my personal opinion and idle speculation, as ever. Peeps should take their own impartial financial advice and reach their own conclusions. On that point I'd remind dwall that attending an AGM and being turned on by the words of the BOD is far from impartial.

[realist1950] 18/7/2018 09:11

For the ostriches amongst you the answer is around £650K a month (at the new, improved, decreased rate......down from over £800k a month).

Marry that against the recent order, johnwall. It equates to around 15 days cash burn.....and as we can see the greater part of the order, for hardware, is kicked down the road and into the next financial year.....after the trialling of the goods. If you've been around CYAN for any length of time, you will know just how many trials they've been involved and just how FEW orders have actually materialised as a result.

Cronin's reduced renumeration still comes in at around a whopping quarter of a million (shares and cash), whilst Berry is on 150K (shares and cash).


I said a few weeks ago that if you're a shareholder of this company you should, in my opinion, be pushing the management really quite firmly as to whether there is STILL any unpaid work existing in previous tax years.

You couldn't make it up.

AIMO. ADYOR. All without prejudice.

[realist1950] 16/7/2018 16:06

Johnwall (or anyone) could you remind me of the monthly cash burn rate please?

Thanks.

[realist1950] 16/7/2018 13:50

My bet is the following:

1) 'R&D' spend will plateau for a short while only and then continue to increase again. This because it's the nature of the business and sector that CYAN are in, but also because their offering will need either adaption and or improvement.

2) The company will be looking to raise funds SOON - and ahead of selling of hardware.

I predict the company will need extra money to execute orders.

All in my opinion.

ADYOR.

[realist1950] 16/7/2018 13:42

Johnwall - the RNS is very poorly composed imo.

It can be interpreted in several different ways, which is not good.

Stating that the $780K order is part of a larger order and then subsequently stating 50% of the "total order value" will lead to crossed wires.

So will the selling of software licenses ahead of meters......which as you'll see from the RNS are still yet to be trialled. That will happen in Q3....with roll out anticipated in Q4, with payments anticipated in the next financial year.

Note...CYAN have been 'here' before........years and years ago.......the number of trials and 'assumed' (touted) orders under Kenn Lamb is legendary.

Anyway. By your interpretation, 50% of £780K = $390K = approx £290K.......which is a drop in the ocean vs the cash demands of this company.

All in my opinion as ever.

ps.....haven't seen the much lauded 100M order book wheeled out for an airing recently!!

[johnwall] 16/7/2018 13:02

realist - the relevant section of the RNS (which you quoted)actually says that approx 50% if the TOTAL order value of $780k relates to software licences which have been delivered and that this will be FULLY recognised in this financial year.

As you say, we must all reach our own conclusions!

[lwaxf13] 16/7/2018 10:12

... exact amount of money having been banked.

Err this is cyan. The world leader in hot air, ecosystem of partners, awards, dog and pony shows, low bar options for the team, bonusess, flip flopping, fund raising, share price distruction, losses, big hitters. The only significent money they bank is from fund raising. Reai proper money from selling stuff, well that bit would seem a skill in short supply at Cyan. My target price is still 0p under this lot.

[realist1950] 16/7/2018 09:41

Agreed. Peanuts.

And more than likely a pre-placing / fundraising sweetener - in my opinion.

Note the delivery phase on the broader order is a whopping 10 years.

The company is still very much loss making.

[multibagger] 16/7/2018 07:07

Purchase order for smart metering in Sweden

16 July 2018

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

Purchase order for smart metering implementation in Sweden

CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a purchase order from HM Power for a smart metering implementation for a Swedish utility.

The purchase order, worth US$780,000, is part of a larger order for the supply of an IPv6-based solution based on perpetual software licenses and annual maintenance for an initial period of 10 years. Approximately 50% of the total order value, which will be recognised fully in the current financial year, relates to software licences which have been delivered. Roll out of the meters will commence in Q4 2018 following an initial 1,500-meter pilot in Q3 2018. As such, a large proportion of payment for the units is expected be recognised in the next financial year.

HM Power and CyanConnode have worked together for more than five years and in 2016 signed a license agreement for the distribution of CyanConnode products and services. The Swedish-based system integrator provides smart metering and smart grids solutions to many Swedish utilities supplying electricity meters integrated with CyanConnode's IPv6-based solution.

The majority of smart meters in Sweden were deployed during the first rollout, which ended in 20091. Last week, the Government Office of Sweden announced that the next generation of smart meters is now being introduced and must be in place by 01 January 2025. The new smart electricity meters will provide new functionality, such as hourly measurements, as well as support a user interface that enables customers to measure their consumption2. In total, approximately five million next generation meters will be installed3.

John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to announce this latest order, further demonstrating the growing demand for standards-based solutions. HM Power is part of our global partner eco-system and our collaborative approach demonstrates the suitability of our technology to address evolving market requirements."