Cyanconnode Share Discussion Threads

[multibagger] 05/10/2017 07:55

Shavian,

Not sure if we are talking about the same person...

William David Johns-Powell appears to have an interest in Cottrell Park (Golf Course) in South Glamorgan and may be associated with a building company as well.

At the meeting when I asked who he was, I was told that he is a Lloyds Name.

Very deep pockets - as his last RNS was to notify of 328m share purchases and he has participated in the £8.6m fund raise it would appear apart from buying on the market.

A move from 5.86 to 7.43% is not to be sniffed at - clear intent and commitment.

Follow the money :)

[shavian] 05/10/2017 07:29

Powell as in Powell Duffryn, if that mans anything to you guys

[multibagger] 05/10/2017 07:14

RNS out...

William Johns-Powell increases stake from 5.86% to 7.43%....apparently he is a "Lloyds Name" and would have very deep pockets I imagine. Could be soon competing with John Stamp (Nightingale and Biggles) in the near future...and that would be good for the share price :)

Now holds 8,818,491 shares in post consolidation equity....his buying may partially explain the share price dropping yesterday....

Good luck all :)

[multibagger] 05/10/2017 07:13

William Johns-Powell increases stake from 5.86% to 7.43%....apparently he is a "Lloyds Name" and would have very deep pockets I imagine. Could be soon competing with John Stamp (Nightingale and Biggles) in the near future...and that would be good for the share price :)

Now holds 8,818,491 shares in post consolidation equity....his buying may partially explain the share price dropping yesterday....

Good luck all :)

[dreamtwister] 04/10/2017 16:40

Application has been made for the Consolidated Shares and the Fundraising Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective at 8.00 a.m. on 3 October 2017 for the Consolidated Shares, 5,482,142 of the Subscription Shares and the EIS/VCT Placing Shares, and on 4 October 2017 for the General Placing Shares and 6,589,283 of the Subscription Shares. It is expected that April Admission will become effective and that dealings in the remaining 1,785,714 Subscription Shares will commence by 8.00 a.m. on 10 April 2018.

Â

Following the issue of the 89,543,134 Consolidated Shares and 29,066,774 of the Fundraising Shares, the Company's issued share capital will consist of 118,609,908 ordinary shares. The Company does not hold any shares in treasury. This figure of 118,609,908 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rule.

[shavian] 03/10/2017 13:57

Inchpractice: what don't you understand about the re-pricing? It's NOT a dilution.
Last night's close was 0.015p. Times 200 = 30p. Current share price is 29.5p. What's half a penny between friends. The only bod likely to be "Whacked" by 0.5p is Mr Johns Powell because of the number of shares he owns (now down by 200 times, of course, MHPP).
Simples.

[ny boy] 03/10/2017 08:32

Good to hear, I am holding these for my retirement fund.

Will add more as doing very well with my investment into (TRIN)

GLA

[multibagger] 03/10/2017 07:07

Good morning all :)

Also remembered from yesterday...

GCHQ, Telefonica and Toshiba have all tested the security(cybersecurity) side of things with CYAN technology as has Iran

2/3 of revenue next year is likely to be from Iran and Bangladesh

UK Smart Meter rollout (SMETS2) from early April 2018 onwards apparently (government stated target)

Improvement in CYAN Data Concentrator Unit Technology (DCU) will allow 200 smart meters to connect to 1 DCU (upgrade from 50:1) with reduced costs for utilities and customers. Due in Nov 2017

DCU range in highly built up areas around 60m in India and extends to about 3 km in open areas such as Scandinavia ( difference in transmitter technology and power) needs to be kept in mind.

Apparently of the 21 smart metering pilots in India which were funded by Govt, CYAN has been the only vendor who has met the KPIs. Strong possibility that we will get bulk of the roll out with those vendors (about $84m). Not sure that the 35m smart meter rollout in India scheduled before 2019 will materialise - CYAN appear to see it as aspirational.

Hand holding, training and implementation in India has been relatively problem free with Tata Power after Round 3 - now they are getting on with it !

Silver Spring has been bought out by a meter manufacturer and is likely to be constrained within their narrower ecosystem - may imply less competition from them moving forward.

Also Silver Spring appears not to have delivered in a key project 9can't recall where though) and CYAN are negotiating to see whether they can help salvage the project through the yet to be released "linux like software platform". (The platform is referenced in the presentation as one the last slides.

If I can recall anymore, I will share :)

Good luck all !

[multibagger] 03/10/2017 07:07

Good morning all :)

Also remembered from yesterday...

GCHQ, Telefonica and Toshiba have all tested the security(cybersecurity) side of things with CYAN technology as has Iran

2/3 of revenue next year is likely to be from Iran and Bangladesh

UK Smart Meter rollout (SMETS2) from early April 2018 onwards apparently (government stated target)

Improvement in CYAN Data Concentrator Unit Technology (DCU) will allow 200 smart meters to connect to 1 DCU (upgrade from 50:1) with reduced costs for utilities and customers. Due in Nov 2017

DCU range in highly built up areas around 60m in India and extends to about 3 km in open areas such as Scandinavia ( difference in transmitter technology and power) needs to be kept in mind.

Apparently of the 21 smart metering pilots in India which were funded by Govt, CYAN has been the only vendor who has met the KPIs. Strong possibility that we will get bulk of the roll out with those vendors (about $84m). Not sure that the 35m smart meter rollout in India scheduled before 2019 will materialise - CYAN appear to see it as aspirational.

Hand holding, training and implementation in India has been relatively problem free with Tata Power after Round 3 - now they are getting on with it !

Silver Spring has been bought out by a meter manufacturer and is likely to be constrained within their narrower ecosystem - may imply less competition from them moving forward.

Also Silver Spring appears not to have delivered in a key project 9can't recall where though) and CYAN are negotiating to see whether they can help salvage the project through the yet to be released "linux like software platform". (The platform is referenced in the presentation as one the last slides.

If I can recall anymore, I will share :)

Good luck all !

[stav5001] 03/10/2017 00:10

Yump

Cyan don't do numbers like PE of 10 and 15%

They only do big numbers.

On a serious note Thank you multibagger!

[yump] 02/10/2017 23:18

They've got some cheek to be frustrated with the share price. They should be concentrating on the business and the share price will look after itself, if they actually manage to deliver a viable business.

Now if they were on a p/e of 10, growing at 15% profit a year, they would have some justification for being frustrated by the share price.

[multibagger] 02/10/2017 21:12

Most welcome cpap man, my pleasure :)

[cpap man] 02/10/2017 20:45

Many thanks for sharing multibagger

[multibagger] 02/10/2017 20:44

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions
"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues
"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.
Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.
"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN
Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[multibagger] 02/10/2017 20:43

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions
"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues
"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.
Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.
"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN
Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[multibagger] 02/10/2017 20:43

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions

"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues

"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.

Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.

"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.

India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN

Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[stav5001] 02/10/2017 16:27

CPAP MAN

Thank you for sharing.

"but that outlook would not be well-received on this BB"

Yes, that's true but not for lack of trying. I used to talk to Ken Lamb who loved this company and Simon,then I thought that perhaps the less likeable, hard nosed John Cronin would make a difference, but eventually I stopped attending the meetings of this cutting edge, world beater CYAN a while ago.

Too dangerous, I always fell for the hype time and time again, because it has always been big promises, with mind boggling potential, and....Jam tomorrow.

We are still a long way off from John Cronin's initial "£200 million" company, , and the late Kenn Lambs dreams

[yump] 02/10/2017 16:02

Those look like the sort of arbitrary numbers people come up with on Dragon's Den !

My bet is they don't want to give out any information that would allow anyone to do any real calcs. on likely profit. Its a secret you know.

However, lets assume the current level of costs continue.
That means at the end of 2018 costs might = revenue.
Except that by then there is going to be an additional chunk for cost of sales ie. the variable costs associated with manufacture/sourcing the products.

However, can't even estimate that, because we have no idea what the margin is on product sales.

I anticipate all that is going to emanate from them is revenue, revenue, revenue in an attempt to exit based on that. Especially if they can point to a much reduced R&D spend just before exit, with the prospect of sudden bottom line improvement.

Me cynical ? with my reputation...

[cpap man] 02/10/2017 15:38

tightfist2 Oct '17 - 15:11 - 1630 of 1630 2 0

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.

Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.

Cheers, tightfist

[cpap man] 02/10/2017 15:35

tightfist2 Oct '17 - 15:11 - 1630 of 1630 2 0

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.

Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.

Cheers, tightfist

[tightfist] 02/10/2017 15:11

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.Cheers, tightfist

[dreamtwister] 02/10/2017 14:43

pot kettle black....consolidate.....further placings/dilution.....new year april 2018 further placings ! strong level of comfort for a world class leader in how to shaft investors !.......hells bells