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CYAN Cyanconnode Holdings Plc

0.20 (2.48%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyanconnode Holdings Plc LSE:CYAN London Ordinary Share GB00BF93WP34 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 2.48% 8.25 8.00 8.50 8.25 8.05 8.05 525,831 11:20:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -11.15 26.7M
Cyanconnode Holdings Plc is listed in the Electronic Components sector of the London Stock Exchange with ticker CYAN. The last closing price for Cyanconnode was 8.05p. Over the last year, Cyanconnode shares have traded in a share price range of 7.20p to 17.75p.

Cyanconnode currently has 323,664,064 shares in issue. The market capitalisation of Cyanconnode is £26.70 million. Cyanconnode has a price to earnings ratio (PE ratio) of -11.15.

Cyanconnode Share Discussion Threads

Showing 31951 to 31973 of 32200 messages
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To get the audience's full attention, what this production needs now is an appearance from the mysterious Mrs/Mr Genus.

I'm sure that the choreography team are working out when she/he needs to enter the stage to get maximum impact.

Intriguing stuff.

Hi amt :)

Revenues come from different contracts, different countries, different hardware and components like cellular gateways, NB-IoT products, HES systems so refined extrapolation is neigh impossible, unless one has inside knowledge ! I am sure we will get to know in the fullness of time !

Zeus's report for FY23 says that Cyan had installed 1.2M as at that time. Therefore, if that figure is reliable, 1.6M have been installed in FY24.
It must be higher 1.2m multi otherwise they would be well short of 16m turnover for the year.
Thanks. I don't have a big holding but it might be possible with a fair amount of work to get to the number.
I had a go at it and got to just 1.6m
Which seems a bit low.

The trend for delivery of modules have been strongly upwards and some upward jumps have been substantial but don't recall any figures recently been put out.

I'll see if there is any historical stuff from presentations that I have.

Edit: 291k were delivered in Q1 2024 cf 391k for the entire year 2023.

So I think we could be delivering about 1.2m+ a year /about 300-400k per quarter though it may be lumpy and not a smooth flow due to offtake being implementation driven ?

Thanks very much multi.
Can we work out the units delivered in fy March 2024 from the statement

This order takes our cumulative order book for India to 6.6 million Omnimesh modules, of which we have successfully delivered 2.8 million modules by the end of FY 2024."

Hi amt,

About £12.5 per module/over the lifetime of the contract was mentioned sometime ago -but each contract is bespoke so this is just a ballpark figure. Then there are things like HES etc - which are sometimes billed difficult to give a simple answer.

Also forex volatility comes into play with USD (components), Indian Rupee (INR)payments for contracts and conversion into GBP for our financial statements.

Oil markets seem to be more sanguine as they have marked down oil prices - so hopefully our stock market reacts to this great news in a positive way.

Good morning all :)

A welcome and hugely significant announcement for the Company despite worrying global issues - maybe worth another £3.3m over the lifetime of the contract or thereabouts ? (my guess).

Lucknow is the largest city and capital of Uttar Pradesh (UP) - population estimated over 4 million. Uttar Pradesh has the largest population on a state basis in India with a population of over 241 million (Wikipedia) - not far off 4x our population !

Intellismart has won total contracts of about 6.7 million smart meter contracts through RDSS in UP alone.

So this is a very important/totemic and flagship beach head to get the RDSS programme started and a lot more to follow (one would logically expect).

Also seems to confirm that we are not in a closed/purdah period for awards already made in the context of general elections.

The Company is making great progress IMHO but I am biased as I am a holder !

Good luck all !

I have forgotten how we convert this into money. Is it 10 quid a module so this is worth 2.6m ?
A bad day to deliver good news. But still it is good news.
John Cronin, Executive Chairman of CyanConnode, commented:

"We are delighted to announce a fifth order from IntelliSmart received under the Strategic Framework Agreement. CyanConnode's influence in India continues to grow as the nationwide rollout of smart meters gains momentum. This order takes our cumulative order book for India to 6.6 million Omnimesh modules, of which we have successfully delivered 2.8 million modules by the end of FY 2024."

The writer of the article claims "I'm more bullish now than I've been for 30 years"...on the eve of World War 3!! What a complete fraud he is?
It's easy to tell who are the private investors on these BBs and who are part of the choreography team - it's a timing & source of material thing.

I didn't get where I am today without knowing a thing or two about something being choreographed when I see it (for the old effers amongst us who remember The Fall and Rise of Reggie Perrin. BTW, does CJ remind you of anyone?)

Great post major, and pretty exactly echos my own thoughts.

Thanks for the reminders of the positives mb!

Best regards sbp

Excerpt from an article in The Times today..."Exodus from the AIM leaves chorus of questions in its wake...."
Welcome back MB - we've all missed you.
Morning all. And some truly excellent posts. Good to hear from you Multi and ITT. My optimism, MC, is not unqualified but a balance of everything I have heard and read about the company. Like ITT and Multi, I think we are not far from a point which could be transformational for us (in aa positive way); in addition to the hoped for orders and SFAs I have also said that news that we are profit-making would be significant, as would news that the smart water meters are gaining traction. The hook-up with SEW could yet prove very fruitful. For what it's worth, I have had contact (rarely) with JC and more often with HP and I have been impressed with both. I have great admiration for anyone (no doubt some on here) who have the vision and drive to take a business on and make a success of it. It requires great energy and integrity. My sense is that John and Heather possess these qualities. If the news we all hope for comes through (hopefully soon) and Cyan achieves its potential, as ITT alluded to this morning, I will be delighted, not just for myself and my fellow-travellers on here (and the other site) but also for John and Heather. For the moment anyway, I am keeping the faith.
derek ten bag
For those so inclined, "The Last Drop" by Tim Smedley is a very sobering assessment of global trends in freshwater and what we have so far taken for granted in the UK. The reality is very different and scary.
Geopolitically, the Middle East is a tinderbox....let's hope good sense and wisdom prevail, though it feels like very much we are on the threshold of a much larger conflagration.

The next few days and weeks will be hugely important. Good for oil and commodity positions, bad and sad for humanity and the world :(

Good morning nilli and all :)

There are times in the market that are very trying and frustrating. Our current situation epitomises this sentiment. Self doubt can creep in and people could find themselves questioning their own judgement and conspiracy theories abound and BBs are the petri dishes for such theories and offer a ready audience. The doubters fall away or sell out, others keep hand wringing, moaning, mourning or cursing, the gods, the markets or the management. They flip flop at every turn, vacillate and boards become amplifying mechanisms for the Victor Meldrews of the world. I have some on BB filter here as they have nothing meaningful to contribute from my perspective.

I am a market veteran and have seen these kind of periods of before and above all trust and back my own judgement and investing decisions. As I have said many times before my investment time horizons and position sizes are larger than most PIs, so I remain quietly confident and am able to ignore the noise.

I wouldn't have got to where I am financially by quaking at every fractional penny drop and capitulating.

Nothing has occurred that is company specific that is adverse as far as we have been told...Q4 is always about partners/businesses hitting their numbers.

I am not aware of other Comms subcontracts being awarded by AMISP Lead Bidders, so we have not lost out as far as I am aware. A number of smart energy and water initiatives in the Middle East is picking up momentum and we are pretty well aligned with Al Fanar. India is in the throes of elections which will be held in a staggered fashion between April and June. Results out on 4th June and PM Modi expected to comfortably win. Indian stock market is red hot and growth potential is amazing given demographics and expected growth and I won't rule out a mini Indian CYAN IPO at some point in the future.

*CYAN currently hold about 25% of the smart meter market in India
*We have had RNS of circa £15m (my estimate) of contracts this calendar year
*We are in play for a very substantial number of Tenders - about 178m at last count
*India is the most populous and fastest growing major economy in the world (7%+)
*The 5th largest global economy and expected to be number 3 by 2027
* Recent Investor Chronicle (FWIW) article thinks we will smash our revenue forecasts
*250m smart meters to be rolled out just in India alone and then there is RoW to play for
*The freshwater of the world is in a precarious position - smart water meters will come in play in a much bigger way and we already have the tech and are implementing in UAE

.....I could go on and is indeed unfortunate that people feel so despondent about our company.

People need to do their electricity underpins all economic growth and water is an existential necessity for life.

Patience is a virtue and a necessary discipline to be successful in the stock market and good things come to those who wait having done their research and invested accordingly !

I look to forward to contracts, they will come I am sure and it is only a matter of time. Indian elections should not affect the awards that have been finalised IMHO.

Good luck all :)

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 ÷ 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.



Derek, your optimism is magnificent. I invested in Torotrak, Globo and Vialogy, so I sometimes let my experience get the better of me. I hope for all our sakes you’re right.
major courtenay
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