Cyanconnode Share Discussion Threads

[emptyend] 18/7/2017 09:34

Harry's appointment makes perfect sense. He was heavily involved in the Connode deal and I suspect that he would have been externally regarded as COO anyway. On a more practical level, he has put nearly £250k into the company - and will be very focused on ensuring it proves profitable.

[techno20] 18/7/2017 07:38

Finncap initiates with "Corporate" rating and target of O.5p. Should land well. GLA

[multibagger] 14/7/2017 10:32

I am very pleased with the re-alignment of roles re Directors and NEDs.

The recent appointments of Pete Hutton and David Bland and move of Harry Berry to COO seem astute (based on what we publicly know in terms of their backgrounds and skill sets).

Getting the right people in the right role and playing to their strengths is a key issue and JC seems to have executed this well. Due attention is being paid to the delivery and implementation and ensuring "revenue assurance"...all KPI areas (I would imagine) of any large scale delivery plan.

Exciting times..... I am continuing to add...

Good luck all :)

[multibagger] 14/7/2017 10:31

Looks like JC and DB worked together at Azure Solutions....

"Prior to Coller IP, David was the Financial Director and Company Secretary of Azure Solutions Limited, and in a three year period (2003 to 2006) was instrumental in three acquisitions and a second round fundraising totalling $15m. Finally the company was successfully merged with Subex plc, an Indian public company, quoted on both Indian and European Stock Exchanges.

David qualified in the mid 1970s as a Chartered Accountant and is currently a member of the Institute of Chartered Accountants in England and Wales.

David worked for Coopers and Lybrand (now PWC) and acquired a strong financial grounding in systems and audit work for a large variety of clients, including a secondment with the World Bank in East Africa. He commenced a period of 18 years working with several international groups and he joined Davv Morris Limited (part of the Tralfalgar House Group) as Finance Director and Company Secretary, responsible for the UK and overseas companies. He was also as Finance Director with Simon Engineering, and latterly with Vitec Group as a Divisional Finance Director with responsibilities for the European, North American and Asia Pacific operations. David has also worked with BT on its Britestar initiative."

[lwaxf13] 13/7/2017 13:11

Great progress? Really? Share price down about 60% since JC arrived and this is great progress? I would hate to see things here if they were going badly ;-)

[multibagger] 13/7/2017 11:08

BRR media podcast - John Cronin on today's Trading Update available on the Cyanconnode website.

[bscuit] 13/7/2017 10:14

Cyan and Concord -- apart from both being C companies might they have more in common world breaking but ultimately no future? Great RNSs but no huge orders yet.

[tightfist] 13/7/2017 09:25

Good to see Harry Berry appointed as COO, to deal with "frenetic pace". I have been impressed by Harry, he seems a lot more grounded than the rest of the BoD....... Also relieved to see that his new Options are to be issued at a 20% premium!

[tightfist] 13/7/2017 09:17

Yes, Cyan continues to have fantastic POTENTIAL. However whilst the growing multi-year recurring revenue stream/margin is welcome we have need to be aware that the delivery period for this 50% of the order pipeline is stretching into the far distance.......Before today's TU I was confident that Trading in H2 will be well ahead of H1, with delivery of the known order pipeline ramping-up. It's the Opportunities pipeline I want to know more about. The first evolutionary mega-milestone is to acheive cash-neutral operations; I fear this still some way off for the legacy Asian business. The UK SMIP (Connode) roll-out could be very useful in that context.Cheers, tightfist

[multibagger] 13/7/2017 08:39

Good morning cpap man !

I agree with your take that we are undervalued and market sentiment is not too favourable at the moment - legacy issues around fund raising and scaremongering about conversion of contracts to revenue. A good time to enter and build a life changing position - I have....

To me CYAN has fantastic potential and the Directors have invested a lot of their money in the same, as have some fund managers with excellent tract records of investment in the technology sector. The shift to a software IP based, recurrent revenue model with various products to meet the needs of various geographic market is hugely attractive.

Once our business model and revenue generation shows proof in terms of profits and dividends, then we will be taken over in short order at a significant premium. No ifs or buts, IMHO :)

[duxy786] 13/7/2017 08:35

Great progress. Slowly but surely.Hope y'all well

[cpap man] 13/7/2017 08:00

Good morning mb....correct me if i am wrong but aren't CYAN now extremely under valued by the market?!?!?

[cpap man] 13/7/2017 07:41

EXTREMELY BULLISH....



"As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review."

[cpap man] 13/7/2017 07:40

EXTREMELY BULLISH....



"As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review."

[multibagger] 13/7/2017 07:40

So a possible leak yesterday and buying ahead of TU...post 65

That's a very reassuring and strong trading update...

...."management is confident that trading during the second half will be significantly ahead of the period under review."

Tasty :)

Good luck all !

[cpap man] 13/7/2017 07:30

CyanConnode Holdings plc
("CyanConnode" or the "Company")



Trading Update



CyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, provides a trading update for the six month period ending 30 June 2017.



Key Developments

This was a busy period for the Company with key existing relationships strengthened and the Company's global reach enhanced. This was demonstrated by a combination of both new orders and follow on contract wins in Bangladesh, India and Sweden worth a total of £7.6 million, which were won and will now be delivered through the well-established partner eco-system.



Financial Highlights

Revenue for the period was in line with management's expectations at £0.6 million as the revenue mix transitioned from low-margin third party electricity meters, delivered to a specific customer in India in the corresponding period, towards the more regular revenue mix of CyanConnode hardware, software and professional services.



The Company is pleased with progress on its software recurring revenue model, with approximately 50% of the £7.1 million order for Bangladesh for the period from recurring software licenses.



The order book, representing the value of purchase orders received but not yet delivered, grew significantly over the six month trading period from £13.0 million to £20.1 million, which is in addition to the expected £25.0 million of software licence and support fees from the UK smart metering contract.



During the first six months of 2017, the Company collected customer payments of £1.1 million. As of 30 June 2017, net cash was £3.1 million compared with £3.9 million at the end of the financial year to December 2016 and £2.4 million at the end of June 2016.



Outlook

The Company continues to develop its software recurring revenue model, underpinning revenue visibility with further margin expansion expected from both existing and new opportunities. The order book, which the Company will commence delivering on during the second half, new opportunity pipeline and growing global presence underpin management's confidence in a strong performance during the remainder of the current financial year and beyond.



Immediately following the period end, CyanConnode announced a £0.9 million order from India, which has further increased the order book to £21 million.



As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review.



John Cronin, CyanConnode Executive Chairman, commented: "The progress made during the period ensures we are well placed to build on the momentum achieved by expanding our capabilities and strengthening our brand globally. We have now built a world class development and delivery organisation and the value of this has directly resulted in the follow on orders from Tata Power and in Bangladesh in the period.



"We are extremely excited by the continued opportunity, security and visibility provided by the growing number of deployments as we now start to deliver on our significant order book. The quality of our products and customer base signify the strength of our operations and reflect our continued efforts to deliver results for shareholders on a growing number of fronts. CyanConnode is now becoming a well-established business, with highly competitive solutions which industry leading customers like Tata Power are buying and then re-ordering on a repeat basis."

[cpap man] 13/7/2017 07:30

CyanConnode Holdings plc
("CyanConnode" or the "Company")



Trading Update



CyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, provides a trading update for the six month period ending 30 June 2017.



Key Developments

This was a busy period for the Company with key existing relationships strengthened and the Company's global reach enhanced. This was demonstrated by a combination of both new orders and follow on contract wins in Bangladesh, India and Sweden worth a total of £7.6 million, which were won and will now be delivered through the well-established partner eco-system.



Financial Highlights

Revenue for the period was in line with management's expectations at £0.6 million as the revenue mix transitioned from low-margin third party electricity meters, delivered to a specific customer in India in the corresponding period, towards the more regular revenue mix of CyanConnode hardware, software and professional services.



The Company is pleased with progress on its software recurring revenue model, with approximately 50% of the £7.1 million order for Bangladesh for the period from recurring software licenses.



The order book, representing the value of purchase orders received but not yet delivered, grew significantly over the six month trading period from £13.0 million to £20.1 million, which is in addition to the expected £25.0 million of software licence and support fees from the UK smart metering contract.



During the first six months of 2017, the Company collected customer payments of £1.1 million. As of 30 June 2017, net cash was £3.1 million compared with £3.9 million at the end of the financial year to December 2016 and £2.4 million at the end of June 2016.



Outlook

The Company continues to develop its software recurring revenue model, underpinning revenue visibility with further margin expansion expected from both existing and new opportunities. The order book, which the Company will commence delivering on during the second half, new opportunity pipeline and growing global presence underpin management's confidence in a strong performance during the remainder of the current financial year and beyond.



Immediately following the period end, CyanConnode announced a £0.9 million order from India, which has further increased the order book to £21 million.



As the Company services and delivers against the order book above, management is confident that trading during the second half will be significantly ahead of the period under review.



John Cronin, CyanConnode Executive Chairman, commented: "The progress made during the period ensures we are well placed to build on the momentum achieved by expanding our capabilities and strengthening our brand globally. We have now built a world class development and delivery organisation and the value of this has directly resulted in the follow on orders from Tata Power and in Bangladesh in the period.



"We are extremely excited by the continued opportunity, security and visibility provided by the growing number of deployments as we now start to deliver on our significant order book. The quality of our products and customer base signify the strength of our operations and reflect our continued efforts to deliver results for shareholders on a growing number of fronts. CyanConnode is now becoming a well-established business, with highly competitive solutions which industry leading customers like Tata Power are buying and then re-ordering on a repeat basis."

[multibagger] 12/7/2017 17:08

What's going on I wonder to account for 4 upticks on less than 11m volume ?

[multibagger] 06/7/2017 22:11

Telephone interview with John Cronin on today's contract win....

[lwaxf13] 06/7/2017 12:51

Hear, hear!!! It seems I am not the only one who does not believe a word from the CYAN BOD. Has there been no scripted BRR production to big up this latest announcement from the self proclaimed world leading company?

[tightfist] 06/7/2017 10:42

Hi Montjuic, I am here since the day of float and can understand most of the scepticism and cynicism that abounds on this BB.During my career I have been involved in launching technology products that were years ahead of a slow-developing market (the market awoke 3-5 years later) and the suppressed economics and extended timescales when selling-in to the closed market that is India. That experience makes me far more tolerant than most, time will tell if I am a mug PI!Cheers, tightfist

[montjuic] 06/7/2017 10:20

Having been here since pre-float & experienced all of the previous announcements from JC I fully understand why there's such a muted response, just like the boy who cried "wolf", it's difficult to trust the BOD announcements having had our fingers burned after an endless string of other 'cries' in the past.

Investers would like to believe but can't trust announcements anymore as there's usually a sting in the tail, they will need to go a long way farther towards paying their way with income, but I guess 'loyal' shareholders are just mugs to be exploited in their eyes, paying over the odds for shares which are subsequently diluted to death while the BOD & 'mates' fill their pockets at preferential rates.

[tightfist] 06/7/2017 09:44

Very muted response here to IMHO the most interesting RNS for a long while. Lots to like about this RNS and we are not seeing (yet!?) the habitual sell-off. The headline ~$47 total unit revenue over only 4 years is very encouraging, if only we knew the scope (ie variable cost) of the "hardware" supply...... Can anyone comment?Cheers, tightfist