What a load of old b*llocks. I've read it all now. |
Hi TF :)
Arm chair pundits are a dime a dozen in every field and in every village ! As you have rightly pointed out, CYAN have achieved a huge market share and strategic foothold in the Indian market starting from scratch.
I take particular note of the Axia Investments increasing their stake - I have made enquiries and from what I hear that they are a holding company / front for some very, very old money and from a business sector that is still growing and making shedloads in the current world - several generations on, each branch of the family is worth £ billions. They are not cryptocurrency money. Money is no object to them and hence if they are taking note and buying more into CYAN, it makes it very, very interesting.
The latest inheritance was over £1 Billion shared by 3 heirs.
They won't dabble in investments for a turn of a few hundred £ million, it won't move their RoI dial - and I am dead serious and not joking ! |
I have no problem with Axia taking up the slack created by Mr TU but I do object to them stealing private investors' shares for 9p - 10p, while the share price is being fixed/managed at that price for their benefit. |
Hi MB; thanks for your latest overview of the big Indian picture - its a fascinating country and culture - I will be holidaying there again next January, and spotting some emerging clues. I really should read one of your book recommendations before I go - your Jugaard quote is so apt..I do sometimes wonder if the sceptics/deriders have ever undertaken a really tough business challenge. What CC are aiming to do (starting from outside India) is exceptionally challenging IMO and India absolutely needs RDSS success. CC timescales following the Connode acquisition are now beyond my original expectations, but the size of the prize it too! |
They want a lot more than 100K.
550K easy to sell.
If Axia have reported adding more than 2.5% in the last 2 days and Mr TU has reported dumping 1.46%, aren't we due another TR-1 from him soon?
Perhaps someone else is flogging theirs too. |
Another 100k trade gone through this morning - the huge positive of this changing of the guard (to a degree) is that once these transactions are completed, the liquidity/free float will be much, much tighter with hopefully better share price movement on commercial news.
Good luck all ! |
Adani has come out of nowhere in the last 3 decades and is a self made billionaire, so won't be surprised that there may be skeletons - but he is very close to the current Indian Govt, so US may choose not to move against him. Adani has also promised $10 Billion investment into the USA where the convicted felon will soon be President - so with MAGA to the fore, a presidential pardon can be easily managed if proven guilty.
Political bargaining and strategic thinking goes into relationships/interests between countries - Prince Harry has well publicised historical substance use and according to US Immigration rules which you have to declare on a ESTA application, he still has not been thrown out of the USA., has he ?
Rules and the law are for mere plebs like us ! |
Hi multibagger.....USA actions against adani ..maybe there afraid of India growth and the area (investment) is arriving from ... |
Axia have no clue either - now 12.5% :)
LoL !!! |
 Hi TF :)
Re #9234
India makes its own economic climate with about 1.4 billion people and the world's 5th largest economy and rapidly growing and forecast to be Number 3 by 2027. They are much better insulated from current geopolitics and are able to maintain their own path irrespective of pressures from USA or the West, as they are the only credible counterbalance to China - Read S. Jaishanker's book (The India Way) to understand the thinking of how India is positioning itself in a multipolar world and is projecting its strength and influence.
With regards to technical prowess, they are the driving force behind Silicon Valley (the Valley provides the money, opportunity and the ecosystem and American Indians provide the brain power and leadership). Google has 11k employees in R&D in India and the Indian Space Program sent an expedition to Mars and the dark side of the Moon for about £75m or so (can't recall the exact figures) when our own and American space programmes cost Billions....
So they can do cheap and excellent (Jugaad) and there is a lot to learn from the good aspects of Eastern mindsets or for that matter from cultures very different to our own !
We are in many ways blessed by either sheer luck, stunning clarity of vision or fortuitous coincidence that we are largely India facing and will ride of the coat tails of India's economic juggernaut. Of course, as ever, there will be the doubters and the cynics as to whether the BoD of CYAN have any clue or competence ! |
Axia increasing their stake again. |
Good morning all :)
Many thanks to gizmo555 for the heads up ! Much appreciated :)
Finally the political appetite to unwind EESL, a traditional loss making public sector organisation in India. A legacy organisation that has outlived its utility and purpose and probably a monolithic structure unable to adapt to the realities of new economic imperatives in India. Figuratively and politically, this could represent the "old India" and Intellismart the "new India" - a powerful, totemic signal to players and funders of the Industry.
Also indicates direction of travel as GoI has indicated that long term plan for RDSS smart meter rollout is to sell various Govt. Discoms and hopefully at a good profit, once their balance sheets are tidied up with increased revenues and reduced debt - hence the Govt grants and financial incentives (around 15% of capex costs)to adopt smart metering.
I think EESL will float this 49% as an IPO either fully or partially - there will be good appetite for this offering as it is in the energy space which offers predictable and growing revenues with the population and the growing economic stature of India.
Apart from local Indian appetite, there could be interest from Green/Infrastructure and Pension Funds from overseas. Who knows RR is trying to roll up all the UK Local Authority Pension Schemes to create one like the Ontario Teacher's Pension Scheme to optimise economies of investing scale - some funds from here could also be invested there ?
So I don't think this development (if it comes to fruition) will have a direct or immediately foreseeable impact on CYAN - unless Intellismart take over the existing smart meter contracts that EESL were awarded without Tender very early on in India's smart meter journey (about 10 years ago). I seem to recall that EESL were awarded about 10m smart meters but could be wrong. The problem was most of the EESL rollout failed very badly - so became a political noose and left a stink for smart metering as a concept and in my opinion delayed the adoption of the same nationally.
If Intellismart take over these EESL legacy contracts and then Intellismart go on to buy a stake in CYAN India, then we would get more business and possibly some retrofits (which will be low or no margin but nevertheless could be a strategic loss leader to gain goodwill and future work) from Intellismart by solving their problem !
Good luck all :) |
Gizmo555 brought this to our attention on the LSE BB:-
hxxps://mnacritique.mergersindia.com/news/state-run-eesl-plans-to-sell-its-49-stake-in-intellismart/
Perhaps we'll buy the 49% - we'd only need to raise £30M.
What's 51% of Cyan India worth? £30M? |
tightfist
Also who do you think Axia are and why their involved and how they came/have come into play?
Presumably they have seen what our new NED has seen and more!?
Must be industry players and have a lot of faith though they look like a family firm, I can't really see how they can get out without a sale unless their a conduit to something bigger down the line? |
It is difficult not to think that there is an overall "game plan" and always has been as so many connections are present if you care to look for them (and believe them!)I guess.
Ive always thought that was JC,s plan (though whether he could pull it off is a different matter) and why he keeps the BoD so weak.
Actually I thought nilli,s post from earlier re Peter Mainz was him becoming our new CEO on first reading!!
Now that would be something to invest on.... |
Hi tightfist
Thanks for your replies, I remember you have had some experience with business in India from previous posts.
Any thoughts on (how good or not!?) the Indian majority sale might be?
I would guess (now we have come this far since the first announcement) that JC is trying to negotiate for a smaller percentage sale (though still letting them have control so 51%?) and thus consequently retaining more of the profits to come back to shareholders here in time? Would mean giving us less at the point of sale though? A lot depends on what else is going on too such as the Eyasoft deal I guess?
What's 51% of CyanConnde India worth!?
So many moving parts and so little information that one can rely on, its such a gamble being in here in quantity however much you like the potential and that's about 12 years on from when I first came on board!
Ridiculous really. |
Hi NTG, I hope Axia are there as one of the funding strands, yet to be revealed..In my business days we had a licensee in India whose pricing was unfathomably low - but still made sound profits - from the outside, a real conundrum. After a while it became clear to me that India was a sufficiently large domestic market (now serving 1.4 billion people) to sustain its own microclimate of suppressed economics. . This is why I was encouraged by the move to place most CC global functions in India, and get the costs compatible..If they can then match the quality, performance and service level/communications expectations of world emerging markets we are likely onto a highly profitable export winner. I believe that their CEM's reside in EOU's; for me this indicates the strategic thinking. |
Hi NTG, see the Miton MINI RNS of the 18th. They are likely to Reconstruct and roll some of the MINI holdings over into other Premier Miton funds. .So we live to fight another day! Put overhang assumptions on hold? |
Yes, he was Mr Orders. |
Remember him? |
📢We are excited to announce Peter Mainz as our new Chief Executive Officer (CEO).
Peter has been a valued member of our Board of Directors since 2018 and brings extensive experience in the metering industry. Throughout his career, Peter has held key leadership positions, including CEO, CFO, and Board Chairman at several leading companies.
We would like to express our gratitude to Werner Lieberherr, who managed our company with great dedication during his tenure as CEO.
We welcome Peter as we embark on this exciting new chapter at Landis+Gyr.
Please read our official press release for further information: hxxps://lnkd.in/d7PQAsQE
#ManageEnergyBetter #TeamGreen #Announcement |
Read the blueprint inthetin....they buy control of path to profit ....it's still electrica but the shadows are visable |
Whoever is buying wants what Mr TU has got for sale (and some) but until JC & HP pull their fingers out we're locked in with this one buyer, who is not prepared to pay any more than 10p. |
Hi Gizmo555
OK. What are big players buying? Example(s)? |
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