 In a significant move to dispel myths and promote the adoption of smart meters in the state of hashtag#Gujarat, Shri Kanubhai Desai, Hon’ble Minister of Finance, Energy & Petrochemicals, Government of Gujarat, installed smart meter at his residence in Vapi.
In a special programme, he highlighted that hashtag#smartmeter installation is free of cost and contributes to national development by providing accurate daily electricity consumption data via a mobile app. Contrary to misconceptions, smart meters do not increase electricity bills. Instead, they ensure precise consumption tracking, empowering consumers to manage their electricity usage efficiently and save money.
We extend our gratitude to Shri Yogesh Choudhary, IAS, Managing Director of Dakshin Gujarat Vij Company Limited (A Government of Gujarat Undertaking Enterprise), for his exemplary leadership in managing this initiative and ensuring smooth execution. Kudos to the DGVCL officials and employees, Gujarat Energy Transmission Corporation Limited (GETCO) Managing Director Upendra Pande, Vapi Industries Association President Sh. Satish Patel, and the entire IntelliSmart Infrastructure team for addressing consumer concerns and leading the entire execution on the ground.
We especially thank the large number of citizens who joined the programme, showcasing their support for Gujarat’s journey towards smarter and more sustainable energy solutions.
The smart meter at the Hon’ble Minister’s residence communicates seamlessly over CyanConnode’s Omnimesh RF network, ensuring robust, reliable, and secure connectivity. Together, we are building a brighter, more energy-efficient future for all. |
Hi ITT. Not on LinkedIn, so could you possibly explain what that post was about? Thanks. |
Gujarat international finance tech city ... |
"smart meters do not increase electricity bills" - that's got a bit a ring to it.
Perhaps Cyan could adopt it as its marketing slogan. |
A great reference site! |
This has been posted a couple of hours ago and still the share price goes down:
hxxps://www.linkedin.com/company/cyanconnode-india/
You just can't win! |
I think you meant 2019 TF. If it's still 2.525p in 2029 then we're stuffed. Worth bearing in mind that in February/March 2020 you could have tucked a million of them into your ISA for around £15k. |
Hi SBP; FYI, the lowest I ever bought Cyan was on 06.11.2029 at 2.525p; however, there were plenty of chances to buy a lot lower during the next 8 weeks. .Incidentally I don't bear IPO grudges; with the patience of a pseudo-saint (and averaging up/down 22 times) I am now well into a paper profit - let's keep it that way! |
itt, Your post had intrigued me so I went back to check. I posted that I had bought some (quite a few shares I think) on 4th Nov 2019. Price then was around 2p I'm sure. I certainly do not always post when I buy, and I think I bought more after that around that price too. Anyway point remains, share price is up since those days but miserable over the last 3 years. Hopefully over the next 12 to 24 months we will make all long term holders happy (perhaps not those who bought in the initial IPO admittedly! ) Best regards SBP |
One problem I can see as revenue increases so does the losses...at what stage will this trend turn.. |
As we all (should) know, cash is king.
Cyan hasn't got any and, as always, finds itself in an extremely weak negotiating position. |
Sorry ....if cyan merge join partner then the position maybe covered it would then not be so critical .. as % ownership grows to increase possibility of above |
Nope. Sorry Gizmo555, way too deep for me. Can't see the connection between Aniruddha's departure and someone buying%. Should have stuck in at my O Level Cryptology. |
Hi Derek ...why could critical ...not be so critical ... Reason why someone buying % ... maybe the critical ... |
The historic figures on Stockopedia are similar. With the acute seasonality one has to decide whether to go with Forecasts - or not..With their prodigious rate of Revenue growth (and hence Working Capital demands) there will IMO be continuing cash calls, unless either in order of attractiveness (1) alternative non-equity funding is forthcoming, a (2) partial equity disposal is arranged, (3) dramatically better settlement terms can be negotiated, accepting some GM erosion, or (4) the revenue growth trajectory slackens. Maybe there other options? |
And, for what it's worth, I've posted more than once that I had a significant buy in February 2020 at 3.2p, so 200% up now. But I feel that progress since then really suggests that that should be higher still. As far as Aniruddha's departure is concerned, I agree that it's a bit like musical chairs at times in India, but his role is quite a critical one at this particular juncture, so I hope we will hear news of a high quality replacement sometime this week.
But whatever, thanks TF (and others) for the upbeat assessment of where we are now and where we are heading. Your analysis is what keeps me sane.🤞 |
31 Mar '24 Taken from LSE IFRS
Operating Margin : (22.45%)
Return on Capital Employed : (47.27%)
Net Asset Value per Share : 2.59p
Something has to give here or they will be evermore cash calls.. |
Fair enough itt. I know I bought some at 2p or under. Thought I had posted. Best regards SBP |
Hi SBP
I'm not saying that I don't believe you (honestly, it makes no odds to me either way) but that's not strictly true. You posted at the end of Feb'20 and your next post was at the end of June'20.
For me, the only numbers that matter are the 'net profit/loss' figure and the one before the 'p' that each of my shares are worth.
Enjoy your weekend.
KR
ITT |
See the July FY results commentary, forecasting an ongoing Gross Margin of 35-40%. IMHO Cashflow/Working Capital/Funding is THE issue, not profitability per se. |
They will never increase anything if they keep pricing modules below cost just to get orders, they need to a decent profit margin or cut costs.. |
SBP: I bought-in on IPO day of 07.12.2005 at the post 200:1 consolidation equivalent of £50.00 ps - not that I am proud of it! On that basis I suppose I am down 99.81% - fortunately I averaged down a lot along the way...... |
My take on it is that in 5 years Revenue should have climbed nearly 1300%, during which Sales/Share will have climbed 700%, and Recurring Revenue% is off intoOrbit. Lots of ways at looking at numbers....,, |
I bought and posted that I had at the time. I’ve bought a lot more since at prices up to 26p (yes I bought some at the very peak!). It’s a waiting game. Like everyone else I am very bored of waiting but I still believe in the balance of probabilities that it will come good. Time will tell.
Best regards SBP |
Needing the share price to rise by 100% to return to a market cap that the company had 3 years ago is amazing. Amazingly bad.
I was 'lucky' enough to buy (quite a lot) in the 1.7p's in May'20 but that's history. Hardly anyone else was buying at that time because I was watching the trades like a hawk. However, it's funny reading these BBs now because everyone and his wife was buying at the same time (apparently).
Kind regards
ITT |
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