Cyanconnode Share Discussion Threads

[dave4545] 07/4/2021 08:57

Unless I'm going blind there was no mention of the most important thing which is profits ?

[multibagger] 07/4/2021 08:25

Welcome aboard molatovkid !

Quiet board with not many posting. However, the RNS today is likely to make some investors/traders take another look at CYAN.

India alone is looking at installing 250 million smart meters and the RNS today is reflective of the shipment of 481k modules in India (there are other revenue streams from the Nordics and Thailand).

So the addressable market is absolutely huge in India alone and CYAN is part of the
flagship reference site at Indore in India where we have installed well over 100k smart meters so far....

Good luck to you and all :)

[inthetin] 07/4/2021 08:21

Good luck to anyone attempting to get their hands on a meaningful holding now.

Great RNS - just what the doctor ordered.

[molatovkid] 07/4/2021 08:18

That RNS has got me opening my account here. All sounds very positive !

[multibagger] 07/4/2021 07:41

Fantastic RNS and hats off to John, Heather and the team !!

Revenues for the 12 months is over £6.2m...way ahead of the £5.8m forecast by Arden and 2021/22 to achieve about £8.8m....which should make us profitable. John the team must be pretty confident to talk about 2022 at this early point, so in the bag, I imagine and room to exceed further, if more contracts are executed.

Cash position improving and we now have £1.5m :)

Module deliveries accelerating in terms of trend (though Dec-Jan was pretty low - you could attribute that to the Festive Season and / or semiconductor shortage related issues that is affecting anything to do with electronics).

Either way, this set of results look very strong and herald a new phase for our Company. Let's hope the market recognises the progress made and start the re-rate with a share price +1p to +1.5p today ?

Getting to share price in double figures will be first stop.....good luck all :)

[the chairman elect] 07/4/2021 07:20

7 April 2021

CyanConnode Holdings plc

("CyanConnode" or the "Company")



Trading Update for the financial year ended 31 March 2021



CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to provide a trading update for the financial year ended 31 March 2021.



Highlights



· Revenue for the 12-month period to March 2021 was approximately 2.5 times the 15-months to March 2020 of £2.5m, therefore exceeding market expectation

· Period end cash and cash equivalents of c. £1.5m (March 2020: £1.2m)

· Approximately £5.3m cash received from customers during the 12-month period (15-months to March 2020: £4.1 million)

· 481k modules shipped to customers during the 12-month period ended March 2021 (15-months to March 2020: c. 115k)



Follow the link below to view graph showing cumulative modules shipped to date:







John Cronin, CyanConnode Executive Chairman, commented:

"I'm delighted with the progress made during the financial year ended 31 March 2021, which has delivered our highest annual revenue to date, approximately 2.5 times the previous financial period. With deployments being secured against Letters of Credit or advance payments, cash collection has significantly improved, and together with ongoing cost control, our cash position at 31 March 2021 is higher than at 31 March 2020.



"This has been an extremely challenging year due to the Covid-19 pandemic, nevertheless we have continued to pursue a number of opportunities which we expect to bear fruit in due course. We also expect revenues to materially increase during the current financial year and note market expectations of £8.8m of revenue for the financial year ended 31 March 2022."



"I would also like to thank our shareholders, customers, and partners for their ongoing support as well as our employees for their hard work in helping to deliver this achievement."

[tightfist] 06/4/2021 17:05

FYI, I was drawn to Intellismart because Gautam Kumar (who apparently had been at CyanConnode India for 3.3 years, latterly as COO) left in December (when the new India top-team arrived) and emerged soon after at Intellismart in January 2021. Make of that what you will..... as usual, DYOR!

[tightfist] 06/4/2021 16:48

Hi MB,.The change of year-end makes reporting history a little opaque - but they undertook their Q3 TU 14 days after the period end, so on that basis a Q4/FY TU in April makes sense. .However, IMO I would not get too expectant of a major fresh contract announcement. IMO they seem to have plenty of modules shipment to keep them busy and delivering revenue for many months yet. However, if we want to see a hockey stick handle sales curve emerging, an announcement in the Summer may be required?.As ever DYOR! Cheers, tightfist

[emptyend] 06/4/2021 14:26

I know someone who was a director. His greatest concern was they get taken out "on the cheap". My feeling is that is anything under 25-30p.....

[multibagger] 05/4/2021 16:34

Hi tightfist !

Thanks for your sharing your research - I think you could be onto something !

I recall seeing that article and hope that we are in play with Intellismart and thereby benefit from the resources they have at their disposal.

This period could be the proverbial calm before the storm, in that case...let's hope we get an upbeat and trend heralding trading update in the next couple of weeks :)

[tightfist] 05/4/2021 10:13

Hi MB,.If you are in doubt about the Capex/Opex transition I think it may be worthwhile you digging around Intellismart, it's NNIF-EESL JV structure/ownership and the NNIF fund-raising late last year.."20th December 2020: National Investment and Infrastructure Fund Ltd (NIIF) has completed fund raising for its NIIF Master Fund, achieving a rupee-equivalent size $2.34 billion...... The master fund is positioned to invest at scale in large infrastructure projects that are strategic and crucial for the development of the country. The fund has anchored platforms in ports and logistics, renewable energy, smart meters and roads sectors". Note: Smart Meters.IMO MP Smart Grid (RNS 7.09.2020) are far from the only potential SPV show in town and source of capital. What particularly attracted me was the speed (3 months?) with which module shipments commenced after the MOSG deal was RNS'd...... Of course, there are no guarantees that capital will come in Cyan's direction. Cheers, tightfist.."About usIntelliSmart Infrastructure Private Limited or "IntelliSmart", is a JV of NIIF (National Investment and Infrastructure Fund) & EESL (Energy Efficiency Services Limited), which has been established to give a fillip to the Smart Metering program of the Government of India. Implementation of Smart Metering shall significantly improve the billing and collection efficiencies of Distribution Companies (DISCOMs). .Smart Meters will be the foundation for smart grid programme which will be crucial to meet challenges of the newly evolving energy mix and the target of providing uninterrupted 24x7 power supply to every Indian. It will also be a stepping-stone towards facilitating the interoperability of the electricity service providers in the distribution sector at retail level."

[multibagger] 28/3/2021 07:07

Good morning all :)

The last RNS of commercial significance was the 350k order announced on 07th Sep 2020 from India. So things appear to have gone quiet on the Indian front over the last 6 months and no major tenders have been announced either to the best of my knowledge (based on my subscription of an alert service on smart meter tenders in India).

Given what has been repeatedly told about the promised speed and intention to roll out 250m smart meters, this 6 month remarkably quiescent period (notwithstanding the Pandemic) strikes me as unusual.

My thinking is that there is a recognition that the current model may not deliver at the speed that is hoped for or desirable and therefore there could be a re-think of how best to execute the rollout. The impediments could be manifold (political, fragmentation/multitude of discoms, economies of scale etc) but to me Capex funding is likely to be the biggest issue. I think there is a very viable and evidenced technical solution with our RF Mesh product - so I think that a technical issue is not really a problem.

We have had hints of an Opex model and even the 7th Sep 2020 RNS mentioned that use of a Special Purpose Vehicle (SPV) to deliver on an element of the contract, which could have been a Pilot in all but name. So a part of me thinks that a new larger format of an Opex driven model could be in the pipeline. Good luck all :)

[inthetin] 26/3/2021 13:52

Hi MB

Thanks. I agree re module delivery numbers. Add an order or two into the mix and there'll be quite a wrestle to get hands on a reasonable holding. Personally, I think that ship's already sailed.

No doubt there'll be a bit of a shake before the TU is released, in an attempt to free up some shares but, IMO, holders should just relax and let that tired old tactic come and go.

I'm very optimistic that Cyan is going to deliver in 2021.

GL ITT

[multibagger] 26/3/2021 12:59

Welcome Inthetin,

We are at an interesting point in the evolution of the Company and let's hope the year end figures are very cheerful. Personally I speculate based on the growing volume of module shipments that it may be even better than what Arden alluded to. Anyway, have to wait and see.

Stock market trading going through the usual year end malaise with tax considerations, ISAs and decision making re portfolios, so may be you'll be able to pick the volumes you want.

Good luck all :)

[inthetin] 26/3/2021 12:16

I'm hoping to get one more buy in over the next week or so, prior to any news being released. JC & Co seem to like to release RNSs in batches and I have a feeling that, at the end of the next series, there will be quite a squeeze put on.

One way or another, 2021 could end up being a bit of fun.

[gleach23] 25/3/2021 15:04

Hi multibagger

Perhaps I was being a tad optimistic suggesting the next couple of weeks although I was going by the Q3 update which was issued 14th Jan. Nevertheless we should be getting a TU and a Notice of Results sometime in April :)

Cheers

Edit - nothing but sells since my earlier post, including a 100k sell posted after the bell. Will consider topping up trade if it approaches 6p.

[multibagger] 25/3/2021 13:30

Hi gleach23,

It has been quiet and nothing to talk about on the BB recently re CYAN. Interesting observation from you and also a few chunky buys today. We have not had any major news recently, so hopefully business is whirring along nicely in the background.

I guess the Year End Trading Update will be released in the third or fourth week of April 21 and I hope we will all be pleasantly surprised/delighted.

Good luck all :)

[sabre6] 25/3/2021 12:55

let us hope you are right

[gleach23] 25/3/2021 11:52

All very quiet on here lately. I took out another trade here earlier after noticing stock was in short supply. Seems others are beginning to do the same.

YE TU expected in next couple of weeks which I anticipate will be positive given Q3 outcome.

[tightfist] 06/3/2021 08:19

Hi MB,Maybe I am being a Luddite but the Green Energy card wrt SM in U.K. was played a long time ago?.India is a different story! The utility revenue/margin boost and massive IRR by combatting electricity theft with SM is a predominantly Asian story? And certainly won't form part of a U.K. budget.....Just have to stay hopeful of a sizeable new contract announcement in the next ~6 months. If it doesn't come fairly soonish, I guess 5.8p beckons again?.Cheers, tightfist

[multibagger] 03/3/2021 11:01

Hi tightfist,

Some chunky sales (multiple trades of 100k+)in the region of 1m+ shares sold yesterday, but not causing a rout (relatively speaking) in the Share Price compared to the past. Investment case remains unchanged and strong in my view.

My take on the above mentioned trades are possible portfolio adjustments prior to end of tax year / the Budget and/or Capital Gains Tax fears.

Also could be unwinding of positions due to the IG notice about margins and may be other Brokers are following suit ?

All speculation on my part.

If Green Energy infrastructure and funding incentives tying into the climate change agenda are highlighted in the Budget, CYAN may possibly get a boost, but not expecting a huge one though.

Good luck all !

[tightfist] 03/3/2021 07:20

The Milan Radia clip was hardly a blue-touch-paper - but got the name of Cyan out there a little more..Just noticed yesterday's high volume but not the individual trades; any insights to be gleaned?.Watching and waiting! tightfist

[beeezzz] 22/2/2021 21:08

multibagger : Thanks for video, 100K trade today price held up...

[tightfist] 20/2/2021 08:40

Hi MB,.Yes, the Arden note presents some interesting aspects of the Cyan proposition. You mention my "hockey stick" volume aspiration. Arden have chosen to stay within the safe part - existing contracts delivery, aka the toe of the stick. I am invested here for the prospective handle of the stick if/when CC start eating their way into the speculated 12m Indian units already mentioned..Don't overlook that Donald Leggatt of LSE already interviewed JC and HP during January.....DYOR! Cheers, tightfist

[multibagger] 20/2/2021 07:58

I'm not on Twitter, but appreciate the size and reach of the platform.

Hardman have 19.8k followers apparently....so we could see some renewed CYAN buying interest on Monday, if this particular Milan Radia clip is more widely re-tweeted or circulated over the weekend.