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[tightfist] 17/3/2024 07:58

An intriguing development - I need to pay a visit to the other thread! If it's provenance is proven, JC clearly wrote that piece (precised from a larger note?) for a different strategic audience, aimed at resetting their sourcing prioritisation. .This is not a surprising development in an economy laser-focussed on cost/price. Turning to the article, I am surprised that more emphasis isn't made of the incremental SLA attainment aspect, where RF must offer an impressive pay-back. And resourcing the growing SM network performance/maintenance could be challenging with GPRS, and could erode the public credibility of the RDSS/SM initiative, especially in a pre-paid meter context..Nerves of steel required, tightfist

[derek ten bag] 16/3/2024 17:08

Thanks for that ITT. Been following the conversation on the other thread. Interesting how a small quote lifted from a much larger article can give a misleading impression. A pretty good assessment of the situation by JC I would say. Not unique to smart-metering of course. Pursuing short term economies and compromising on quality can be very costly in the long term. Looking back at the recent award announcements from Montecarlo and from Thailand, in both cases comment is made about the quality of our product, which I find very reassuring. Still not entirely clear what the context was of this article. Was it just something put out by JC on X? If so, it should be on the CCIndia section of the website. Very annoying. However, at least it's something and, I would say, broadly positive. Certainly more positive than I thought when I read CB's initial post. Anyway, must concentrate on the rugby. 6-7 down at the minute.

[inthetin] 16/3/2024 12:26

Hi DTB

I thought that you might like to read this from JC (dated 15/03/2024). Thanks to CB on the other BB:-

"In India's ambitious journey towards revolutionizing its energy sector, particularly under initiatives like the Revamped Distribution Sector Scheme (#RDSS), the selection of technology for smart metering infrastructure emerges as a pivotal decision. With Advanced Metering Infrastructure Service Providers (AMISPs) vying for contracts, a concerning trend towards prioritizing lower upfront costs over quality and long-term reliability has surfaced. This short-term gain philosophy overlooks the potential long-term repercussions, including higher operational costs, reduced system reliability, and failure to meet stringent Service Level Agreements (SLAs).

As India stands at this crucial juncture, understanding the technological foundations and their implications for the nation's energy future is vital. Among the myriad of options, RF technology emerges not just as a solution but as a strategic advantage in addressing the unique challenges posed by India's vast and varied landscape.

Against the backdrop of India's vast and varied geography, the quest for a communication technology that ensures reliability and efficiency across both densely populated cities and remote rural areas is paramount. RF technology, with its proven ability to provide consistent connectivity, stands out as an optimal choice. Its resilience and flexibility make it particularly suited to India's environmental and infrastructural diversity, establishing it as the preferred foundation for smart metering initiatives. Unlike GPRS, which can suffer from network congestion, coverage issues and frequent changes and overhaul of technology, RF technology offers consistent connectivity, essential for the real-time data transmission required in smart metering applications. The superiority of RF lies not just in overcoming geographical hurdles but also in its adaptability to India's dynamic environmental conditions, making it an ideal candidate for the foundational technology behind smart metering solutions.

However, not all RF solutions are created equal. The success of such projects hinges not just on the technology itself but on the quality and reliability of the implementation. Here, the experience and proven track record of technology providers like CyanConnode become invaluable. Their Omnimesh RF solution, designed with a deep understanding of the operational and environmental challenges specific to India, exemplifies the type of quality and expertise necessary to meet RDSS objectives and beyond.

In an era where AMISPs might be tempted by lower upfront costs, the choice of CyanConnode's Omnimesh solution underscores the importance of considering the broader implications of technology deployment. The real value lies not just in meeting the immediate specifications but in ensuring that the technology can deliver consistent performance and reliability over the life span of the project. The tendency to overlook these critical factors for short-term gains could lead to significant long-term losses, undermining the goals of the smart metering programme and the broader vision for India's energy sector. This perspective is critical for the smart metering programme, which aims not only to modernize India's energy infrastructure but to do so in a way that is sustainable, efficient, and capable of supporting the country's growth over the coming decades.

CyanConnode's commitment to quality and its proven track record in delivering high-performance RF solutions provide a compelling case for prioritizing long-term value over short-term cost savings. By opting for a solution like Omnimesh, stakeholders can avoid the pitfalls associated with cheaper, less reliable technologies—such as increased maintenance costs, higher failure rates, and the potential need for premature replacement. Furthermore, CyanConnode's deep experience in the Indian market ensures that Omnimesh is tailored to meet the unique demands of the country's diverse landscape and climate conditions, offering unparalleled reliability and efficiency. This adaptability, coupled with the company's focus on customer support and service, makes Omnimesh an ideal choice for India's ambitious smart metering goals.

As India advances its #smartmetering infrastructure, the need for a strategic approach that prioritizes quality, reliability, and long-term value over immediate cost savings becomes paramount. #RF technology, particularly solutions like CyanConnode's Omnimesh, offers a path forward that balances upfront costs with the demands of long-term operational reliability and sustainability. As we navigate the path towards a brighter energy future for India, the wisdom of our choices today, lower upfront costs or high quality and long-term viability, will illuminate our journey for years to come."

[inthetin] 15/3/2024 22:32

"IntelliSmart powers up India’s utilities with Airtel IoT Smart Utilities solution."

Just received this from Google Alerts:-

hxxps://www.airtel.in/blog/business/from-millions-of-meters-to-one-dashboard-intellismart-powers-up-indias-utilities-with-airtel-iot-smart-utilities-solution/

Who needs IntelliSmart anyway? Oh, we do.

[derek ten bag] 15/3/2024 17:07

Can't allow you to be abandoned as the lone poster on here ITT. The idea of a listing elsewhere might seem quite attractive but be careful what you wish for. Don't want to end up on a Wild West market where the regulations are lax and we could end up being played to our disadvantage. One of two things will move us up as I see it, one or more seriously large SFAs with the big boys and/or a move into profitability in the upcoming results. We must just hope for the best. Good news this coming week would be very acceptable. Unlikely, but acceptable. Have a good weekend. Some good rugby to watch while we wait.

[inthetin] 15/3/2024 09:39

I did say quite a while ago that Cyan should consider listing on a different exchange. I think that that argument gets stronger by the day, with the London exchange shrivelling - it's effed.

[inthetin] 13/3/2024 13:28

Hi DTB

It's nice of you to say that.

It's good to hear from you too. Always putting things more politely than I do but I feel that we are pretty much on the same page when it comes to Cyan.

Taken from the company's website. As usual, what a load of baloney:-

"The Group seeks regular dialogue with both existing and potential new shareholders, ensuring our strategy, business model and performance are clearly understood as well as to understand the needs and expectations of shareholders."

GL as always and hope we hear something sooner rather than later.

ITT

[derek ten bag] 13/3/2024 13:06

Sadly, ITT, nothing has happened. No thing. Exactly the point I have been making. There is probably good work being done on the ground to deliver on the orders we have received so far but so pitiful is our investor relations department that they don't deem it necessary to keep us informed of (non-market sensitive) progress. I find it rather discourteous to be honest. Many of us have been here for a long time and have given our support to the company through thick and thin. Aspects of the website are out of date and the titbits of information that come from India are put out on X, which not everyone subscribes to. What about a newsletter or the CC India section of the website? Come on folks. Time to extract the digit and remember your loyal investors.
By the way, good to hear from you ITT.

[inthetin] 13/3/2024 12:53

Almost two months has passed since those two at the top of this thread were nearly wetting themselves with excitement about Cyan. What's happened?

[derek ten bag] 08/3/2024 16:26

Let's hope you're right MT. That would be very good indeed if it were to come to pass. To be fair, I am not looking for anything market sensitive, just info on how the existing contracts are progressing. The sort of ongoing stuff that appears on Twitter but is not available to the Luddites could easily be put on to the CC India section of the website, which is woefully out of date. Anyway, we look forward once more to another Monday and and hope that this will be the week.

[tightfist] 08/3/2024 13:44

MT, I certainly wouldn’t dismiss that possibility. Silence is Golden…… maybe

[markingtime] 08/3/2024 12:45

Not necessarily a poor show. They couldn't say anything if, for example, a corporate deal was being lined up alongside the results.....

[derek ten bag] 08/3/2024 08:36

Remember the good old days when the company kept in reasonable touch with the shareholders? Happy days. An update of some description must be due soon. Aren't the finals in March? If it wasn't for the likes of Vascular and LTI on the other site we wouldn't have a clue what's going on. Poor show really.

[inthetin] 06/3/2024 16:16

Hi FB

Who isn't doing the same?

We sit here holding like a bunch of lemons, while those in the know trade the F out of it, knowing that they're not going be caught with their pants down. Really sick and tired of it.

Even our biggest shareholder (Mr Tremendously Upbeat) hits the sell button as he's telling the world how tremendously upbeat he is about the co. Low.

GL anyway.

ITT

[folderboy] 06/3/2024 15:33

I have to say that I am beginning to doubt my decision to hold/add.

[folderboy] 06/3/2024 15:33

I have to say that I am beginning to doubt my decision to hold/add.

[tightfist] 06/3/2024 14:36

Hi MB; I totally agree that India needs to be THE priority at CC, just as the company have said repeatedly. There are multiple tailwinds compared with other territories - not least the economic case behind RDSS and the Modi political willpower. Even then this IMO will never be a straightforward and speedy journey when there are diverse interests to reconcile, combined with a an emerging plethora of wannabes.

[homebrewruss] 06/3/2024 10:54

HPL Q3 transcript.

[inthetin] 06/3/2024 10:13

Much easier to sell the dream (and keep it going on and on and on) when it's India and its 1.4 billion people too.

[multibagger] 06/3/2024 10:00

Hi DTB :)

India is the big prize for sure and that's where the focus should be IMHO.

Other markets though interesting are not of the same size from a TAM perspective. Also many developing countries don't have earmarked funds for smart metering and reliant on World Bank, USAid, DfW, ADB, DFID etc for capex funding and this is pretty expensive at scale. So most developing markets have this inherent barrier and conversations could stay at an "aspirational level" till the realities change on the ground.

The Middle East is cash rich and these rules don't apply, but populations are very small comparatively. Nordics are cash rich but again tiny populations. So to be meaningful from a revenue point of view, markets outside India have to have "ring fenced" smart metering funds and meaningful populations/TAM to make sense to deploy manpower/to chase contracts - hence these will be peripheral largely to CYAN (unless above criteria are met IMHO). So my gut feeling is that "in country" partners in the sector will approach CYAN at trade shows for technology partnerships/joint bids for contracts etc rather than CYAN chasing smart metering tenders in these countries.

I could be wrong of course :)

[derek ten bag] 06/3/2024 09:32

I have been checking that regularly and that is definitely a new addition. Yesterday there were only the other five members of the India team. Whatever. Good to see.

[homebrewruss] 06/3/2024 09:13

Ajoy Rajani is on the website here
and also displays his position at Cyanconnode on his Twitter and Linkedin profiles.

[derek ten bag] 06/3/2024 09:05

Morning Multi, good to have you back. I have said on a number of occasions that having business in several territories is a positive and been rather shouted down by those who say it must all be about India. I agree that India is a huge market and we are right to stay fully focused on it, but the potential from MENA, Thailand and elsewhere should not be minimised. The fact that the company described the recent Thailand deal as 'significant' was, I think, an attempt to send a message to shareholders that it has the potential to be increasingly important to us going forward. I would also like to see something coming out of our tie-up with SEW. I do feel that the company needs to improve its communications with shareholders. The website needs to be updated for a start and it would be good to be kept up to speed with what is happening on the ground. And as a matter of interest, what are your thoughts on Ajoy Rajani? He was one of our key players in CC India and has been taken off the website. That puzzles me.

[inthetin] 06/3/2024 08:50

The market values Cyan at somewhere between 7p and 14p (market cap of £21M - £42m).
Nothing but orders is going to change that so the yo-yoing in the share price between 7p & 14p will grind on for as long as that takes, if indeed orders do ever come.