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CYAN Cyanconnode Holdings Plc

0.20 (2.53%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Cyanconnode Holdings Plc CYAN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.20 2.53% 8.10 12:34:57
Open Price Low Price High Price Close Price Previous Close
7.90 7.90 8.10 8.10 7.90
more quote information »
Industry Sector

Cyanconnode CYAN Dividends History

No dividends issued between 15 Jun 2014 and 15 Jun 2024

Top Dividend Posts

Top Posts
Posted at 07/6/2024 13:11 by multibagger
Good afternoon DTB and all :)

With many thanks to and kind courtesy of Vascular on the other thread....

Looks like the RoW CYAN Q&A slide with a 243m smart meters in RoW could be in collaboration/facilitated through Esyasoft ? An interesting development from Azerbaijan - 2m meters mentioned in the CYAN slide in the header.

CYAN remains very undervalued IMHO and no funding required in the near term we have been told despite our foray as an AMISP lead bidder :)
Posted at 31/5/2024 08:33 by multibagger
Good morning DTB and all :)

LOL !!

The reason I remain strongly positive on CYAN is because we are in the very heart of the energy infrastructure sector in the fastest growing and most populous country on the planet - India and have an excellent track record and market share.

All economic and national growth is energy dependent one way or the other.

Then there are other adjacent markets of gas, water and IoT that are within scope and then there is the RoW to play for. As an investor, I am a high conviction, long term horizon investor and been doing this for about 3 decades so I know what investment strategy works for me.

There have been some very big strategic moves to strengthen our position and these will pay off - remember Phase 2 of RDSS is another 150 million smart meters to play for and we could be tactically bidding as an AMISP in quite a lot of these I imagine. We just need a tiny sliver of this gigantic market to make this CYAN investment worthwhile. JC has an excellent track record of 5 exits with return of $600 million to shareholders - so other than in the O&G sector, that is pretty exceptional.

I know markets eventually turn upwards but acknowledge that the very low interest rates that we have come to expect and enjoy is not going to return any time soon. Retail investors here in the UK unfortunately don't have the disposable income that would allow meaningful investment into the AIM stock market. There is a wider UK stock market malaise that the Company has no influence over and hence we have to ride it out but the fact remains that we are growing at a rapid pace.

I have sent it quite a few questions and hope others have done so as well - so look forward to the presentation this morning !

Good luck all !
Posted at 29/5/2024 15:32 by inthetin

I can see on LinkedIn that Dr Graeme Milligan (Executive Vice President Global Engineering) is also leaving Cyan. He says:-

"Hi everyone

Due to restructuring, I will be leaving my current role at CyanConnode.

I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer."

Doesn't sound like he was expecting to be 'restructured'. I hope that he finds work soon.
Posted at 22/5/2024 08:44 by inthetin
Cyan is now one of 58 AMISPs.

Of those other 57 companies, 20 offer both cellular and RF.

After all this time, why isn't Cyan offering cellular too? I thought that they'd sorted this.
Posted at 22/5/2024 08:09 by multibagger
Good morning all :)

Fantastic news ! A step change in ambition, scope and scale and looks like CYAN would have tied up the funding in principle ? The Standard Bidding Document required various financial criteria to be met before REC empanelment. So looks like we may have gained some strong financial backers/institutional investors or infrastructure/sovereign wealth funds and will have a go at the remaining phase 2 RDSS bidding. To me this could be the "something big" that I felt was on the cards given the flurry of RNS in the middle of last month.

Let's see what the market thinks !

Good luck all :)

RNS Number : 3725P
CyanConnode Holdings PLC
22 May 2024

Empanelment of CyanConnode India Subsidiary as an AMISP

CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, is pleased to announce that the wholly owned subsidiary of its Indian entity, Digismart Networks Private Limited (Digismart), has qualified and been certified to participate in the upcoming smart metering tenders as an Advanced Metering Infrastructure Service Provider (AMISP).

Following a rigorous testing process, Digismart has successfully demonstrated an end-to-end Advanced Metering Infrastructure (AMI) prepaid solution on its Omnimesh RF network. The certification, valid until 13 May 2026, was issued by REC Ltd. (a Public Sector Undertaking under Ministry of Power, Govt. of India) in recognition of Digismart's adherence to the specifications outlined in the Request for Empanelment. This certification enables Digismart to bid directly as an AMISP under the Revamped Distribution Sector Scheme (RDSS) for smart prepaid metering in India on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

This certification provides a strategic boost to CyanConnode in India, which is steadily increasing its footprint as the nationwide rollout of smart meters continues to gain momentum. CyanConnode's current order book stands at 6.6 million units, of which 3 million have already been dispatched. Through Digismart, the Company would be responsible for the end-to-end execution of smart metering projects, from meter supply to Meter Data Management (MDM).

This empanelment allows Digismart to engage directly in significant projects, further integrating CyanConnode's advanced RF technology into critical infrastructure projects across India.

John Cronin, Executive Chairman of CyanConnode, commented:

"The AMISP certification for Digismart is significant for CyanConnode as it puts us at the forefront of India's rapidly evolving smart metering landscape. Having been active in India for 15 years, and executing our first project a decade ago, we understand this country exceptionally well and are ideally placed to execute projects and meet the vision and standards set by the Government. We are now well-positioned to contribute to the modernization of India's energy management systems and further strengthen our presence in the market."
Posted at 25/4/2024 07:15 by multibagger
Good morning DTB and all :)

Possibly every investor/trader or "fence sitter" has a theory or hypothesis as to what CYAN corporate action may take place in light of recent announcements, if any at all.

No one knows for sure so it is all speculation IMHO. We all try to join the "dots" (announcements) in a way that makes sense to us given our own subjective perspectives and biases - I am not unique or any different in this regard.

I have called an "Uber Bull" with good reason and I am positively biased towards CYAN and make no bones about it and it may grate on some and the Filter button will silence me :)

There will always be people who "talk their book" depending on what the agenda is at that time and no one holds enough shares to move the market in the longer term. Short term share price volatility comes from poor liquidity and market sentiment and nothing to do with CYAN - in fact the recent results and performance were stellar !

I am a long term, high conviction investor and short term share price "noise" does not bother me nor does what I would consider justifiable dilution if it comes to getting a "smaller slice of a much bigger pie". I am pretty relaxed about these things though for some it seems to cause a severe anaphylactic reaction !

There are loads of ways to make excellent money in the market - though it takes time to figure out what works best for yourself.

So no confusion, vacillation or indecision in my mind....and leave the rest of the BB to it ! Any BB will have a range of views - some which confirm a particular viewpoint and others that challenge/oppose it.

You take your pick !! :)

Good luck all !
Posted at 12/4/2024 23:16 by inthetin
Zeus valued Cyan at £70M in March 2023 and they also said:-

"Zeus feel this is a conservative estimate of the businesses value as it assumes no new significant market opportunities arise over the forecast period (i.e. to 31/03/2026)."

From the quick look that I took at Zeus's 12/02/2024 report (i.e. 2 months ago), they have maintained their revenue forecasts, being £16M for FY24 and £35M for FY25.

Assuming that the 15p warrants are exercised before May'25 and we have say 330M shares, the £70M valuation equates to 21p per share.

In the same March 2023 report, Zeus also say that Cyan has a blue-sky multiple valuation (whatever that means) of £105M.

£105M รท 330M shares = 31p per share.

My guess is (and I have said this before) that Cyan will beat market expectations for FY24 and that this latest 'storm' is a fabrication.


Posted at 28/2/2024 08:55 by inthetin

I never like it when there's no appetite for Cyan shares. The max that you can sell automatically via AJ Bell is 12,500 shares (£1,600).

Personally, I'm not that interested in Thailand. For me, this is an India play and until it is proved that Cyan has a decent role, we're stuffed and will continue to yo-yo between 10p - 13p, unless we get some unwelcome news.

Beginning to struggle to believe this delayed subbies being told of their involvement spin.

Cyan said in one of its news releases that subbies should hear within 6 months of the main contractor winning the contract. That obviously isn't the case. IMO, Cyan needs to explain this miscalculation.
Posted at 11/1/2024 07:12 by multibagger
For the record !

RNS Number : 3137Z
CyanConnode Holdings PLC
11 January 2024

("CyanConnode" or the "Company")

Order For One Million Omnimesh Modules

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce that its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Limited (Montecarlo) for one million Omnimesh Modules, together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License, and a Support and Maintenance Contract.

The order relates to a smart metering deployment in Nagpur, Maharashtra, with supply of Omnimesh Modules expected to commence within this quarter. The installation will be completed within 27 months and followed by a 93 month Support and Maintenance Contract, which will commence upon completion of the installation phase. Approximately 60% of the contract will be paid during the installation phase, against either (i) letters of credit or (ii) via a trade finance portal with 30-day payment terms. The remaining 40% of the contract will be paid for in equal monthly instalments over the duration of the Support and Maintenance Contract period.

John Cronin, Executive Chairman of CyanConnode, commented:

"I am pleased to announce this second significant order from Montecarlo, following our initial collaboration that began last year with the January 2023 order for a similar volume. This new contract for one million Omnimesh Modules is a testament to our standards-based, innovative technology and deep understanding of India's smart metering landscape. It also underscores the growing market acceptance and momentum for our products. This order significantly boosts our total Indian order book to 6.3 million units, with 3.9 million modules scheduled for delivery in accordance with the established project timelines."

Mr. Mrunal Patel, Joint MD of Montecarlo, commented:

"We are extremely pleased to continue our partnership with CyanConnode, building on our previous successful and ongoing collaboration in Madhya Pradesh. Our strong background in project implementation, coupled with CyanConnode's proven track record in smart metering communications infrastructure in India, instils confidence in the successful implementation of this project. I believe that our combined strengths will pave the way for further such opportunities and partnerships."
Posted at 31/10/2023 11:56 by multibagger
Hi TF :)

In their eagerness to thrash CYAN, the BoD, the products, the contracts, the RNS etc some people mis-read and choose to mis-interpret anything they do read !!

"....John Cronin, Executive Chairman, commented :

"We are delighted to have secured this LOA, building upon our previous success in 2022, where the delivery of cellular hubs to connect up to 1 million Omnimesh cellular communications modules in the MENA region has been accomplished successfully. This contract significantly enhances our relationship with this important customer, which continues to strengthen as we further develop our business in the MENA region, and enhances our visibility over revenue...."

Some miss the wood for the trees.....we need to remember that we have an MoU with Al Fanar who have a huge presence in MENA and winning contracts to build a track record is an important part of market positioning !

From Al Fanar RNS 03 April 2023

"...3 April 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode and Alfanar Sign MOU for AMI projects

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Alfanar, a leading engineering, procurement, and construction (EPC) player, to explore joint investment opportunities in Advanced Metering Infrastructure (AMI) projects.

The MOU sets forth the intention of both parties to establish investments in AMI projects on an opportunity basis, leveraging the core strengths of both companies at the group level. CyanConnode and Alfanar will jointly review tenders across targeted geographies and, subject to a positive outcome, establish joint ventures for the implementation of AMI.

This collaboration aims to facilitate and expedite activities related to project investments, in compliance with existing policies, rules, and regulations in the targeted regions. Both CyanConnode and Alfanar will invest in the projects upon satisfactory techno-commercial due diligence. While the MOU does not create a binding commitment, it is anticipated that a definitive agreement outlining the terms and conditions of the collaboration will be signed by both parties in due course.

John Cronin, Executive Chairman of CyanConnode, commented: "We are delighted to enter into this MOU with Alfanar, a company that shares our vision of harnessing technology and innovation to drive sustainable growth. This collaboration presents a unique opportunity for us to combine our expertise and resources to make a significant impact on the global AMI market."

Mohammed Irfan, Chief Executive Officer, Alfanar India, commented: "The unique partnership approach with CyanConnode will enable us to evaluate and strategically tap into new markets, especially on the global landscape for increasing our spectrum of service offerings. We are confident that our joint efforts will lead to the successful implementation of AMI projects, ultimately benefiting our customers and stakeholders."

This collaboration between CyanConnode and Alfanar reflects their shared commitment to explore new opportunities for expanding the global footprint in the smart grid sector. Working together to assess potential projects, both companies look forward to a fruitful partnership that drives growth and innovation in the advanced metering infrastructure industry...."

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