Cyanconnode Share Discussion Threads

[emptyend] 18/9/2018 17:55

"I feel that JST and DPW could be offered some favourably priced convertible loan notes to reward their loyalty and support in exchange for a £2-3m"........interesting thought. Not quite sure how that would sit with them having voted down resolution 6 at the AGM, which had been intended to waive pre-emption rights. Plainly, however, they do not intend to be diluted at these levels by a general placing. I very much had the impression they were determined to retain a significant element of control.One way or another, I don't think the funding need will be met by the sort of placings we have seen in the past. And I also suspect the company will be self-funding once this piece has been done......so I'd expect a rapid repricing once the funding solution becomes clear.

[fred splange] 18/9/2018 17:50

A few more lambs to the slaughter today.

[lwaxf13] 18/9/2018 17:10

Up 43.7% on some PowerPoint news today. Good luck to anyone who made money on this move before it reverts to form. Only about another 800% rise needed to get it back to where it was the day the big hitter arrived. So need 80p plus and it will have stood still for how many years is it? Not quite stood still, let’s not forget the share destruction to all time lows of over 90%. Will they put the 5 year share price chart up tomorrow at the dog n’ pony show?

[multibagger] 18/9/2018 16:26

Certainly not a bad day with the market responding to the contract news with surprising enthusiasm - despite the need for funding being announced recently. Despite some predictions that the initial spike will not be sustained, we seem to achieved that minor victory today. Tomorrow could be another day with some of the the gains being given up.

Up 2.95p or about 43%, top of the leader board for the first time in a long long time.....

If the funding is sorted thru' other means (rather than issue of equity at a discount), we will rapidly gain traction. I feel that JST and DPW could be offered some favourably priced convertible loan notes to reward their loyalty and support in exchange for a £2-3m - I have no problem with that.

As someone pointed out, $16m in contracts involving Omnimesh which was only launched in June 18 is a fantastic sign of the real potential.
Onwards and upwards and once funding is clearer, I may actually take a few more. Was sorely tempted today, but resisted. May be the tide is turning...or is it famous last words ?

[qs99] 18/9/2018 13:06

haha, wasn't sure I was a pump last time I looked in the mirror! Does that make you the "dump" then? As I said, not without its risks, maybe a placing will take place, but it appears, as I said to be getting some momentum....DYOR and investor presentation may provide another opportunity for others to jump on or off board the share who knows!!! One or more contracts IMO and then it will start motoring....

[fred splange] 18/9/2018 11:01

Qs99 is the pump.

[smithless] 18/9/2018 10:01

QS99 - heard it all before. Usual pump before another placing, they history will repeat itself and the orders will evaporate. Once all the pre-placing broker meetings are over and the price is fixed, say 5-6p, the placees will forward sell them T20 and lock in profit. No one wants to buy and hold this dog, too many been burnt too many times.

[qs99] 18/9/2018 09:46

Good to see you hear NY Boy. I agree....any more RNSs on contracts and this will be through 20-30p like a shot. $110m order book should be more clearly defined are they placed orders and over what period? But that is pretty healthy IMO/DYOR

[ny boy] 18/9/2018 09:40

Patience required tucked mine away For the winter. GLA

Let the contracts keep rolling in

[qs99] 18/9/2018 09:36

Yup, IMO this is now going to start to motor, good luck all...investor presentation tomorrow as well apparently DYOR

[qs99] 18/9/2018 09:31

Mr Market would appear to like it and to be fair, this was near 40p a year ago, so maybe, risky yes, but maybe, they can convince people they are now on a roll? DYOR From an investment point of view I've tucked a few away on the chance they do begin to see more traction as this will "bag" a few times if so, DYOR

[emptyend] 18/9/2018 09:28

As I said yesterday....I frankly don't care how long people have "watched this". It is irrelevant. What matters is whether the current product offering is attractive to the market and whether management is capable of monetising the company's IP. I think that (after the last couple of years of development, plugging in Connode and upgrading Cyan management - Berry, Hutton) they are now in a position to generate revenue quickly. Add on the rollout of SMETS2 meters in the UK and things may change very quickly. I'm expecting 20p by this time next year. My average is about 10p.....but if they land a license deal and the placing question disappears overnight then that could be reached overnight.I don't expect many on here will agree.....but I really really couldn't care less. I won't be arguing the toss, so just mark that down as something to come back and taunt me with next year.Anyway.... realist1950 assured me yesterday that I have "been proven wrong" so thats alright then.....Where is he today by the way? Bit busy, I guess.....

[qs99] 18/9/2018 09:20

And investor presentation tomorrow could be interesting. Anyone going?

[qs99] 18/9/2018 09:17

Total $11m order to be fair. yes more orders needed to really prove the future is bright, but it isn't a bad start IMO!

[owenski] 18/9/2018 08:37

Marked up heavily at open, on what is only a 700k improvement for the year.

The rest is still to be proven.

[emptyend] 18/9/2018 08:11

....just waiting for a licensing deal to generate £4-5 mn at this point......that would generate a bit of rapid repositioning ;-)

[hamidahamida] 18/9/2018 08:08

This rns is a death trap for badly needed money Placing is coming fast Love to know what happened to their 100 Million order book Not generated much revenue from that 100 million order book

[hamidahamida] 18/9/2018 08:05

Cyan needs money so expect placing soon

[hamidahamida] 18/9/2018 08:04

As we have seen in past years having 110 million orders is one but so far cyan haven't been able to covert these in to actual revenues...

[dwall] 18/9/2018 07:47

Agreed Multibagger

I suspect it is Genus too.

[emptyend] 18/9/2018 07:44

No I won't be at that one, multibagger. As at the AGM, I suspect the message will be highly positive in relation to India. I think they are beyond the "wing and a prayer" stage in getting orders from India and suspect they are well-positioned (via partnerships) to keep winning orders there. The issue with India is always timing.....but I think the focus should be on measuring market share.

[multibagger] 18/9/2018 07:42

Hopefully this large order heralds the start of the Indian smart metering roll out in earnest.

"...In addition to this order the Company is also negotiating a five year support and maintenance contract...."

My gut feel is that this contract is through Genus. Wonder if the market will perk up on this news ? - it maybe too much of a stretch !!

[shakesmaster] 18/9/2018 07:38

CyanConnode Holdings PLC $11.6 million order from India
18/09/2018 7:02am
UK Regulatory (RNS & others)

Cyan (LSE:CYAN)
Intraday Stock Chart
Today : Tuesday 18 September 2018

Click Here for more Cyan Charts.
TIDMCYAN

RNS Number : 0841B

CyanConnode Holdings PLC

18 September 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

$11.6 million order from India

Largest order to date for Omnimesh IPv6-based smart metering solution in India

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency mesh networks, is pleased to announce the receipt of a $11.6 million purchase order relating to a smart metering deployment by an Indian State-Owned Utility.

This major purchase order, from a Tier One Metering Partner, is for Omnimesh IPv6-based hardware, perpetual software licenses and installation services. In addition to this order the Company is also negotiating a five year support and maintenance contract. The end customer is a State-Owned Utility and the agreed deployment schedule is expected to result in H2 2018 revenue.

The Company forecasts revenues of c.GBP700k under this order in this financial year to 31 December 2018, contributing to the delivery of management's existing full year expectations. The Company now has a total order book in excess of $110 million.

Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are very pleased to announce the Company's largest order to date for Omnimesh. The product was launched in 2018 and this brings the total value of orders received for this new product to in excess of $16 million, and demonstrates its suitability for the Indian smart metering market. The size and scale of this opportunity reflects the rapidly evolving Indian market as well as the ability of CyanConnode's Tier One Partners to offer highly innovative and workable solutions."

India is a key market for CyanConnode, contributing revenues from existing contracts for State-Owned Utility end customers, such as Uttar Gujarat Vij Company Ltd and Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

[fred splange] 18/9/2018 07:27

And, cue the placing.