Cyanconnode Share Discussion Threads

[emptyend] 20/9/2018 21:05

Thanks timbo ?

[multibagger] 20/9/2018 20:35

Many thanks timb003 for taking the time and effort to feedback - much appreciated as always ! I shall post on the LSE thread with acknowledgement, as there is a quite an BB there.

[timbo003] 20/9/2018 19:41

The slide set from last night’s presentation is here:




I arrived at around 18:20 so missed the presentation but managed to help myself to drinks and canapes


Most of the BOD were in attendance last night, including JC, HP and HB along with a number of employees, I spoke to as many of them as I could during the 45 minutes available before they had to clear the room. I was very impressed with Anil Daulani


On India, the opportunity sounds huge and most of the heavy lifting has now been done with the first major contract announced earlier this week. This was just one contact with one utility in one state. There are over 30 states and typically three utilities per state. There are two main competitors and they were both tendering for this first contract which Cyan won. Cyan had certain distinct advantages over the two competitors, one of which (I think) was that with the two competitors you have to buy the whole kit (including the meter itself), but Cyan’s solution can be used with any meter. One new insight: Electricity loss isn’t just through attaching crocodile clips to transmission cables in rural areas, it is also through the Utility’s meter readers not being able to access affluent gated communities (the gates stay locked). If there is no meter reading, there is no bill to pay. There is also a problem with brown paper envelopes changing hands after meter readings have been altered (downwards).


All the bad press regarding UK smart meters is based on SMET1, which is nothing to do with Cyan, nor is the “fix” which is being employed in an attempt to make the SMET1 meters suitable for switching suppliers. The Cyan SMET2 roll out begins Q4 this year. I suggested a couple of times that this should be seen as a good PR opportunity and perhaps Walbrooks should play a very active role in sending out a message that Smart meter problems were now fixed and the solution was provided by Cyan and partners.


On Finance, Cyan will probably need to raise further cash before they reach break even (I got the impression this would be £4m or less) and I gathered that an equity based raise at the current share price was definitely not the preferred option. Invoice financing was mentioned a couple of times, but doing this through a UK finance operator would probably be difficult, given that the invoices and subsequent revenue will be coming from the Indian operations. An alternative would be to obtain the finance through an Indian based finance provider, I asked whether they had approached the British Business Bank which seemed to feature fairly prominently in the HMT’s recent Patient Capital Review, HP said she would look into that and it sounded like all options were being considered and no decisions had been taken.

[multibagger] 20/9/2018 18:44

Most welcome emptyend ! I get the impression that liquidity is very tight and no sellers in any decent quantity. We could be in for sharp upward move at this rate once the funding issue is clarified.

[emptyend] 20/9/2018 16:45

Thanks for the link. So......8+ potential orders for £10mn+. Including a possible monster. Not bad.Also partnering with both Toshiba and Telefonica on SMETS2 ?

[multibagger] 20/9/2018 08:03

Look forward to your feedback timbo003 - much appreciated !

[multibagger] 20/9/2018 06:55

CYAN on the ball....Investor presentation from 19 Sep 2018 has been uploaded

[timbo003] 19/9/2018 22:00

I couldn't get along for the presentations, but I did manage to turn up during drinks and canapes and managed to get a few questions in. I also picked up a slide deck (which I haven't looked at yet), so I will give it read tomorrow morning and report back.

[emptyend] 19/9/2018 14:34

I think that the order book, licensing opportunities and SMETS2 outlook will speak for itself..... ;-)

[qs99] 19/9/2018 14:24

Just me talking my own shares up.... haha

[qs99] 19/9/2018 11:35

OK, that seems to me like good solid follow up buying...DYOR but 20p first stop....take it as a ramp if you like, but this looks oversold...DYOR

[qs99] 19/9/2018 09:57

Nice to see some further demand today IMO.....and some more blue / confident move above 10p...DYOR..am holding on for the ride

[qs99] 19/9/2018 09:50

dwall, I can't go either, but would be great if you could post your views following it please? I have also topped up as think that funding should not be an issue if they continue showing demand and momentum for their products etc....DYOR etc and thanks in advance and no worries if you don't have time"!

[multibagger] 19/9/2018 09:50

Cheers dwall....i can private message you to make our introductions. Also please permit Nick to pass on your details. I have emailed JC and asked him to talk about the SMETS2 roll out today.

Shame I can't make it today...good luck and look forward to your insights/feedback. Kind regards.

[dwall] 19/9/2018 09:46

Multibagger

I will be attending this afternoon so shame to miss you.

Nick Rome at Walbrooks has my contact, i will ask him to pass it on if you want to contact me through him.

Cheers

[multibagger] 19/9/2018 09:36

Well I have thought about the merits of waiting for the funding issue to be clarified before taking some more.

I took 228660 @10.75 and another 300k@10.75

I may lose out in the short term, but once the funding is sorted, there will not be any holding back of the share price

Anil's presentation confirmed my views - we only need a tiny sliver of the Indian market to he hugely successful as a company.

Good luck all :)

[multibagger] 19/9/2018 09:36

Well I have thought about the merits of waiting for the funding issue to be clarified before taking some more.

I took 228660 @10.75 and another 300k@10.75

I may lose out in the short term, but once the funding is sorted, there will not be any holding back of the share price

Anil's presentation confirmed my views - we only need a tiny sliver of the Indian market to he hugely successful as a company.

Good luck all :)

[ny boy] 19/9/2018 09:03

Onwards & upwards, plenty of decent news flow and lots more to come no doubt.

[multibagger] 19/9/2018 08:35

Interview with Anil Daulani....

[tightfist] 19/9/2018 08:26

Just maybe things are changing at CC. IIRC last week's Interims for the first time flagged an imminent cash-call. That change of behaviour may well be significant....

[multibagger] 19/9/2018 06:59

Good morning all :)

If you are able to attend timbo003, then I am sure all here would appreciate your feedback. Many thanks in anticipation.

If possible please can you ask about the state of play and speed of SMETS2 rollout in the UK ? Also about other funding routes they are considering apart from issuing more equity ?

[timbo003] 18/9/2018 23:34

It does feel as if Cyan might have hit the bottom. The AGM wake up call seems to be leading to some real cost savings (including remuneration cuts) and real news on real orders seems to be coming through at last. There is an investor presentation tomorrow (late afternoon/early evening), so I will endeavor to get along to the tail end of that.

[dwall] 18/9/2018 20:20

Multibagger

"$16m in contracts involving Omnimesh which was only launched in June 18 is a fantastic sign of the real potential."



Agreed.

I wonder if our other, much delayed pipeline orders from the old product offerings of multi mesh and ultra mesh will now switch to Omnimesh too?

Anyway, as we all agree, clarity on funding with further large orders and/or licensing deals would surely help to change sentiment and thus the share price

Maybe the donkey work has been done at last.....

[emptyend] 18/9/2018 17:55

"I feel that JST and DPW could be offered some favourably priced convertible loan notes to reward their loyalty and support in exchange for a £2-3m"........interesting thought. Not quite sure how that would sit with them having voted down resolution 6 at the AGM, which had been intended to waive pre-emption rights. Plainly, however, they do not intend to be diluted at these levels by a general placing. I very much had the impression they were determined to retain a significant element of control.One way or another, I don't think the funding need will be met by the sort of placings we have seen in the past. And I also suspect the company will be self-funding once this piece has been done......so I'd expect a rapid repricing once the funding solution becomes clear.

[fred splange] 18/9/2018 17:50

A few more lambs to the slaughter today.