Cyanconnode Share Discussion Threads

[derek ten bag] 28/6/2024 08:43

Morning Nick. Interesting comments, but while I would agree that the company was indeed guilty of over-promising and underdelivering back in the day, I think they got to a point where that changed to a much more cautious approach, perhaps even over-cautious. And, as a result, given the very small number of analysts covering the company, the only overtly upbeat views have tended to be on these discussion boards, and even then they tend to be quite nuanced. As for the BoD, I'm not an expert on these matters and it would be good to hear the views of others on here on the make-up and size of the main board, but I get the sense that we have assembled a pretty competent team in India. I certainly hope so. Both JC and HP did say that there is a great deal of work going on behind the scenes and I guess we just have to hope it all bears fruit.

[nick the greek 1] 28/6/2024 06:48

Morning tightfist

Good to hear from you.

I agree with much of what you say.

A few monetised orders from the "awarded" pipeline and we will likely be away again but at that point sold imo, or part sold.

The ability of J C to deliver this as per his expectations and market guidance has been appalling however, he has got it wrong so many times and had so many false dawns you could write a book on it.

That's why he keeps a very weak BoD imo as otherwise he would have been sacked ages ago, no one on the BoD, which is minimal anyway ever challenge him and id they do, their gone, look at Harry Berry, years ago etc.

A couple of years ago most on here were running a book on an share price for later that year of circa 300 - 600% more than todays share price which was all (presumably) based on his market expectations and guidance of such. As we know that all crashed and burned as the orders he predicted, didn't turn up in time.

That's why I hold a significant amount but also trade an extremely large amount too as I suspect do several others.

GL.

[derek ten bag] 27/6/2024 22:13

Thanks for that TF. Just what I was wanting to hear. We don't tend to mention the 'profitability' thing much and yet we must be getting to a point when it becomes relevant. Let's hope the end-July numbers really do surprise on the upside.
GLA.

[tightfist] 27/6/2024 20:39

NTG, DTB; I fully understand the frustration regarding sporadic CC news flow. However, looking into the TU on 16th April and Stockopedia data, it looks IMHO as though 2024 revenue will be up 51+% YoY (results end July) and has already booked scheduled orders (aka Backlog?) for +52% in 2025. That doesn't seem too shabby to me, especially pending the disconnect of the Indian election..So far, so good; however, sound wisdom is that "revenue is vanity, profit is sanity, cash is king". Stocko forecasts a significant profit in 2025 (forecast eps = 1.06p); we and brokers will be able to make more reality checks after the end July results.And IMHO the slower ramp-up should actually assist the cash flow/working capital - cash seems to collected at an increasing pace..As for today's RNS, it was significant that CC finally recognised a "horses for courses" situation with RF and Cellular being offered to "provide the technology best suited to each project." I am hopeful that the RF and Omimesh IP will continue to provide a competitive edge, but combined with a fallback of certified Cellular technology when challenges arise..GLA, tightfist

[derek ten bag] 27/6/2024 16:07

Hi Nick,
Not sure I am anything like as pessimistic as you. A decent order or two, from India or anywhere else, which lifts our order book above the 10m mark would, in my humble opinion, have a very positive impact on the share price. The problem, as far as I can tell (and perhaps others can clarify the situation) is that, being listed in London, Indian investors, who might be attracted to the idea of investing in CC, are rather restricted from making a direct investment. So a potentially lucrative target market is, for the moment, lost. Happy to be corrected of course.
A question I would like answered by someone on here who understands the financials is this; if we roll out our full order book in India, currently around 6.6m, would that take us into significant profitability? Given that we have been advised that the numbers for FY24 are going to be pretty strong, I would think there is a fair chance of that. If so, I would imagine that that would also give the share price a boost. Today's RNS has, sadly, proved to be a bit of a damp squib.

[nick the greek 1] 27/6/2024 10:26

They’ll buy 15 years and £70m worth of build up which even on a low compound rate should be at least 150m - 200m for about 50m!

[nick the greek 1] 27/6/2024 10:23

DTG

Now I agree with you!

As soon as your above scenario happens (if it does) that’s when they will float it in India as the Indian market (and management there) will want it at the best possible price to start with.

[derek ten bag] 27/6/2024 08:52

I tend to agree with NTG. The significance of this news will be understood by the aficionados but the only cut-through to the wider investment community will be orders and their impact on the bottom line. We need to see our existing order book delivered and earning and news, at last, of actual profitability. So, excellent news but not of the type that will do much for the share price. I hope I am proved wrong and we finish the day in the blue.

[nick the greek 1] 27/6/2024 08:11

The market clearly taking (and has done for a long while) the contrarian view that the business model doesn’t work as a subcontractor and so they need to try this.

More jam tomorrow the market sees and has no time for that at present.

They need to monetise a few of the outstanding orders that currently sit at the “awarded”; stage.

15 years and over £70m so far and they still can’t (currently) make it work.

Patience is one thing but ignoring the facts is another.

Roll on the side lining of JC and floating on the Indian market with the more able management.

At what price though….

[multibagger] 27/6/2024 07:15

"...The certification allows the Company to offer a variety of technologies, including third-party cellular and hybrid models tailored to each deployment.With over 3 million Omnimesh Modules already deployed across India, CyanConnode, through its subsidiary DigiSmart, is now positioned to bid directly for major projects throughout the country...."

A full suite of communication technologies now on offer to address the specific product mixes for different smart meter applications in India and also globally !

Well done JC, HP and the CYAN team !

[stupidboypike] 27/6/2024 07:11

Now the empanelment has real purpose. This is really good news.

Best regards SBP

[multibagger] 27/6/2024 07:10

Good morning all :)

Further evidence of excellent strategic positioning !

RNS Number : 1207U
CyanConnode Holdings PLC
27 June 2024

Empanelment Of Digismart Networks For Cellular Deployment In India

CyanConnode Holdings plc (LSE: CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that DigiSmart Networks Private Limited (DigiSmart), a wholly owned subsidiary of CyanConnode Private Ltd, has now been certified to deploy Cellular technology as an Advanced Metering Infrastructure Service Provider (AMISP). This new certification complements the Omnimesh RF Network certification obtained on 22 May 2024.

The certification issued by REC Ltd, (formerly known as the Rural Electrification Corporation Limited which is ultimately owned by the Ministry of Power), is valid until 23 June 2028. This certification recognises DigiSmart's adherence and compliance with the stringent specifications set out in the Request for Empanelment, enabling DigiSmart to bid directly as an AMISP under the Revamped Distribution Sector Scheme (RDSS) for smart prepaid metering in India on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

This additional certification substantially strengthens CyanConnode's strategic position in India, enabling broader participation in the national smart meter rollout The certification allows the Company to offer a variety of technologies, including third-party cellular and hybrid models tailored to each deployment. With over 3 million Omnimesh Modules already deployed across India, CyanConnode, through its subsidiary DigiSmart, is now positioned to bid directly for major projects throughout the country.

John Cronin, Executive Chairman of CyanConnode, commented:

"We are extremely pleased with DigiSmart's latest certification which enables CyanConnode, through Digismart, to directly bid for smart metering projects across India. This achievement is a testament to our commitment to providing cutting-edge technology solutions and reinforces our strategic position in the Indian market. With 15 years of successful operations in India and a robust order book, CyanConnode is uniquely positioned to drive the evolution of smart metering systems and thereby support the Government of India's vision for energy modernisation. Certifications for both RF and Cellular technologies uniquely position us to directly bid for significant projects across India, and provide the technology best suited to each project."

[derek ten bag] 26/6/2024 09:04

Morning all; can someone clarify if these trades this morning are buys or sells? They are marked as sells but I get the feeling that they are buyers managing to get in at slightly lower levels. Either way, we really do need some order news soon. Been a long time since the last one.

[derek ten bag] 22/6/2024 19:05

Thanks Multi.

O/T What a result for Glasgow Warriors!

[multibagger] 22/6/2024 13:27

Hi DTB:)

As requested...sorry VP of PR rather than VP of Comms...my mistake !

[multibagger] 22/6/2024 13:19

Most welcome bkiny1 :)

Some visionary statements from Gautam Adani....he expects India to be adding $1 Trillion to its GDP every 12-18 months !! Guess it pays to take the time to better understand the India growth story.

hTTp s://www.ndtvprofit.com/economy-finance/gautam-adani-says-india-will-start-adding-a-trillion-dollars-to-its-gdp-every-12-to-18-months

(the link is not being allowed to be posted by advfn - so I have inserted a space - you can work it out !

This is why a move to an Indian IPO must be well thought out and the target market warmed up !

[derek ten bag] 22/6/2024 13:15

Totally agree bskiny1. Excellent analysis from Multi. But can you point us to where the VP Communications was mentioned. Was it during the main Q&A? The additional stuff was, if anything, even more informative than the Q&A. I was very impressed at the response to the question about how we are managing debt. 'We have no debt'. Can't be many companies that can say that; especially growing companies like CC. Can I also ask where people think we are in terms of profitability? That would surely be another driver for the share price. There does seem to be a more positive feel to the trading now. Just need a couple of significant orders and the order book moving over 10m. I thought the comments on MENA also hinted at some quite significant developments from that part of the world. All good I thought. GLA.

[bskiny1] 22/6/2024 08:06

Multi....some very interesting thoughts....good w/e all.

[multibagger] 22/6/2024 07:54

Good morning DTB and all :)

The CYAN AMISP announcement came as a hugely pleasant surprise to me but the "dots" were there if one thinks about it (with the benefit of hindsight). The scale of CYAN recruitment which we kept hearing about, Wi-SUN alliance, ongoing R&D, the development of a full "C" Suite team etc - all indicated there was a step change in ambition and scale for CYAN. It was the case of paddling furiously whilst the surface appeared calm and RNS news flow/comms dried up as the senior team were focussed on the developing the business and much to the chagrin of retail investors and BB posters.

On reading the Q&A and reading between the lines, I get the feeling the CYAN team are thinking of preparing the company for an Indian IPO in due course - they have not denied it either. To build a market and appetite for CYAN to enter the the red hot Indian stock market, the growth story has to be proven and demonstrate a strong pipeline of potential contracts both in India and abroad.

Winning a few large, multi-million smart meter flagship RDSS contracts would catapult CYAN into the Indian Business TV News Channels spotlight and prepare the ground for an Indian IPO. I think the Dubai Office also adds value that we are an "international company" and winning contracts in that region would also burnish our credentials - Dubai, Abu Dhabi and the Middle East have a reputation as a land of "riches" to many Indians as they form a large part of the expatriate population there.

So a narrative and story is being woven backed with evidence that we are a serious player internationally in the smart meter space with more to come in the forms of gas, water, EV charging, IoT etc . The fact that we are now hearing of a VP for PR (edited) in India is no accident....but a part of brand building and moving from being a B2B player to enter the consciousness of the Indian investor (B2C in some way). The Indian stock market is rapidly moving from a FII majority held to an Indian retail investor base and the scale of digitalisation and selling smart phones with stock trading apps pre-loaded and KYC being centralised means nearly every Indian could become a stock market investor. This is a veritable tsunami of people which could make the likes of the US Gamestop/Reddit gains being chicken feed !

The Indian retail investor stock market audience needs to be worked on from a CYAN reception perspective - as there are already literally hundreds of Indian companies offering 100% stock market gains year on year recently !

I have some excellent inputs/research into learning and understanding the bigger India picture and hence a strategic decision to spend more time on that front - in essence all economic growth and development is based on energy one way or the other and it is CYAN are at the very foundation of this Indian growth story. To paraphrase, "India was not built in a day" :)

Good luck all !

[derek ten bag] 21/6/2024 18:31

Does anyone recall when we first heard about Digismart Networks? I don't believe I knew about them before the Empanelment RNS. But Vas, on the other site, is struck by how upbeat the company was at the Q&A in respect of our new status as an AMISP. Is it possible that we are already in a positive position to get an award via Digismart sooner rather than later? The Q&A did, I think, suggest it would be several months at best before it starts to have an impact, but who knows. Ber interested in peoples' thoughts. on the subject.

[multibagger] 21/6/2024 13:14

Links to Q&A and additional information from 31 May 2024 that DTB kindly refers to:

[derek ten bag] 21/6/2024 09:15

Courtesy of LTI on the other site, we now have an additional bit of Q&A on the 'Presentations and Videos' section of the CC website. Makes for interesting and reassuring reading in my limited opinion.

[derek ten bag] 19/6/2024 08:52

Well, whatever caused the bit of interest on Friday and Monday has certainly passed. Been a long time since we got an actual order. The time it takes for business to take place in India is all very well, but that doesn't explain why all these other territories are so slow. The positive Q&A is about all that's keeping me going here.

[multibagger] 17/6/2024 11:35

Good morning DTB and all :)

Unusually chunky transactions today and wonder if someone knows something ?

Whilst we wait for news, an interesting read for India watchers....

[derek ten bag] 17/6/2024 11:15

Anyone any thoughts on today's trading? Friday was good too. News about to hit? And the order book? How is that looking?