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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
  0.05 0.65% 7.80 7.60 8.00 7.80 7.75 7.75 299,579 11:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 2.5 -6.2 -3.3 - 15

Cyanconnode Share Discussion Threads

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DateSubjectAuthorDiscuss
24/5/2019
18:02
Although the numbers look good, they're running at half what SMETS1 were running at:'Smart meters were installed at an average rate of 363,000 per month for the first nine months of 2017, suggesting at least 1.08m extra will be installed as a result of the extension.'https://www.theguardian.com/business/2018/jan/19/smart-meters-first-generation-hinder-switching-rolled-outAnd all 11m SMETS1 will be converted to SMETS2 automatically. https://www.smartdcc.co.uk/news-and-insights/news/update-on-smets1-enrolment-and-adoption/So where are cyan going to pick up anything over 500k not spots, even at (ahem) 10%?
fred splange
24/5/2019
16:59
UK SMETS 2 Rollout Figures: As of 23 May 2019 Https://www.smartdcc.co.uk 10 May 2019: 905,891 22 May 2019: 1,002,495 23 May 2019: 1,014,945
multibagger
24/5/2019
15:49
multibagger - 15 Sep 2017 - 12:54:09 - 4448 of 8139Paper loss today £100k +....not worried :)
cancun tango
24/5/2019
15:47
Multi, you were £100k+ down here back in September 2017 when these were 30p+. Why have you hung on to them? Do you have an exit strategy?
cancun tango
24/5/2019
05:48
With Indian central government elections done and dusted..the business of tenders, contract awards can re-start. Though the smart metering tenders/contracts are matters handled at a electricity Distribution Company (discom)level and are essentially matters for the State Govt, the New Delhi Central Govt is the real master and sets the direction, specifications, funding streams etc through delegated national bodies/authorities. Now with the BJP in a politically unchallengeable position with absolute single party majority (not having to rely on any coalition arrangements or tie ups) will allow a much faster implementation of projects. Foreign investments into the country is also likely to improve. Modi appears to be a man on a mission with a legacy of infrastructure and general development that he hopes to leave the nation with. Based on the investor presentation / slide deck (top of the header) on 15 May 2019 on smart meter contracts already bid for and those to be submitted imminently in India, we could be seeing several RNS announcements of contract wins in the coming months - maybe starting after a month or so, before the RNS flow starts once the political froth settles and bureaucrats are in position. Even if Cyan/we are successful in just 50% of the bids involved in, we could conservatively see about 4-5 contract RNS announcements this FY 2019 from India alone. Anything coming from RoW is welcome, but the same degree of confidence is not there as our presence and deal making is through partners and operating in diverse political systems and geographies. Let's hope I am being too conservative here and that Bjorn Lindblom proves me wrong. Wish L&G selling would get it over with....
multibagger
23/5/2019
16:05
TF Not so. With regard to the Telefonica contract, all SMETS1 are connected using cellular. Migration to SMETS2 simply means they communicate with the DCC rather than the Utility. Thus every SMETS1 upgraded to SMETS2, results in a new connection with the DCC.
davep4
23/5/2019
13:47
KAV Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana. The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations. Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles. The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values. Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!
cpap man
23/5/2019
13:44
Indian elections - Pm Narendra Modi back in power with an even bigger victory than 2014. Hopefully this strong decisive mandate will bring about pace and reform to the power sector in India. The Indian election results are good for Cyan/us from a commercial continuity and direction of travel point of view.
multibagger
23/5/2019
09:23
As I understand it SMETS1 conversions remain dependent upon GPRS coverage. If there has/is being an accelerated conversion this could suppress the DCC Not-Spot percentage in the short-term?.I also guess that installation of SMETS2 meters (and improving the statistics!) may be skewed towards urban areas, again suppressing the N-S percentage?.(I was reading this morning the latest SMS RNS's. A very different business model(!) but what can we infer from them? Their share price looks pretty low whilst domestic installations are belatedly ramping-up).
tightfist
23/5/2019
06:49
A lot of these may be SMETS1 conversations to SMETS2.
davep4
22/5/2019
20:20
Smartdcc update SMETS2 10 May 19: 905,891 22 May 19: 1,002,495 An increase of 96,604 since 10 May 2019 in 9 working days (incl Sat).. or approx 10733 smart meters being added daily...get the feeling that the ramping up will proceed apace.
multibagger
22/5/2019
12:32
SMIP Further ..... Here is what was said when Connode was acquired in 2016: "Connode was awarded a contract for 1.8 million C4 units across the central and southern regions of the UK by Toshiba, with an expected rollout date starting during the second half of 2016. The Directors believe that Connode is one of very few suppliers globally that has the capability to support smart meter deployment in areas where there is no cellular coverage. Connode's potential revenue from SMIP is set out in the table below: Current contract Expected Best case Contracted GBP4.4 million GBP5.9 million GBP9.3 million licence fees until 2020 Support fees GBP19.3 million GBP28.0 million (over 15 years) Total GBP4.4 million GBP25.2 million GBP37.3 million Initially, SMIP was intended to commence in December 2015, however the UK Government announced in March 2015 that the roll out would be delayed by four months until April 2016. In August 2015, the UK Government announced that SMIP would be further delayed until August 2016. British energy suppliers still expect that the August 2016 deadline is achievable and that there are unlikely to be further delays. However, the UK Government has stated that all deadlines are subject to change as may be determined by the UK Secretary of State.” https://uk.advfn.com/stock-market/london/cyanconnode-CYAN/share-news/Cyan-Holdings-Plc-12-6m-Placing-Subscription-and/71722721 Based on the balance reported in the 2018 accounts of £24m, at the year end, it appears the SMIP contract is currently worth: “Current” £3.2m “Expected” £24.m “Best” £36.1m My guess is the contract will turn out to worth between “Current” and “Expected”
davep4
21/5/2019
17:31
Correct, 500k licences were pre-sold by Connode.
davep4
21/5/2019
14:18
Connode pre-sold 500k licences for the UK SMIP programme (confirmed in presentation slide deck in the header - Page 18). So it will be probably next financial year, before we start seeing any revenues from this, unless there is a massive increase in the installation of SMETS2 meters. £3.60 one off initiation and 62.4p/year recurrent - still a decent sum given the numbers involved x 15 years !
multibagger
21/5/2019
14:14
It's not 200k, it's 500k. So probs nothing next year either. 'The first 500,000 licences were purchased from Connode, prior to its acquisition and therefore CyanConnode does not expect material revenue from this contract during 2019.'Last week's RNS
fred splange
21/5/2019
14:01
Hi davep4,Thanks for the great summary. Unfortunately they reminded us last Wednesday that Connode had bundled 200k licences with the initial contract, so we won't receive any revenue until the absolute end of the year ? unless the installation rate increases substantially and/or the Not-Spots outperforms 10%.But..... pay day is approaching! tightfist
tightfist
21/5/2019
11:24
FS, sorry for the delay in providing the information: 1) Telefónica say the contract is for 23.5m communication hubs: https://www.slideshare.net/M2MTelefonica/telefonica-smart-metering-value-proposition 2) Telefónica say 10% of communication hubs will be the cellular & mesh variant: https://slideplayer.com/slide/10243641/ 3) Telefónica say ~5% of communication hubs will use mesh (~4% boundary mesh + ~1% requiring mesh connectivity), equating to 1.175m hubs: https://slideplayer.com/slide/10243641/ 4) Cyan say 10% of communication hubs will use mesh, equating to 2.35m hubs: https://uk.advfn.com/stock-market/london/cyanconnode-CYAN/share-news/CyanConnode-Holdings-PLC-Final-Results/79894220 5) Zigbee is used for the Home Area Network (HAN), for connecting the in-home display, (smart energy tracker), and gas meter (if present). Cellular is the wide area network, (WAN), which is used to communicate with the DCC. When the communication hub doesn’t have a WAN connection RF mesh is used, (MESH), to connect to a hub that has a WAN connection. MESH can daisy chain or hop several times from one cellular & mesh hub to another, until a WAN connection is found. https://forum.ovoenergy.com/smart-meter-booking-and-installations-66/smets2-smart-meter-installation-6181 6) Cyan’s estimate is twice that of Telefónica’s and with SMETS2 installations running at 200k a month, it shouldn’t be too long before we find out which estimate is correct, (906k SMETS2 meters are now connected to the DCC). https://www.smartdcc.co.uk/ https://www.smart-energy.com/industry-sectors/business-finance-regulation/uk-hits-500-000-smart-meters-install-rate-must-double-smets2/ (~ weak approximation).
davep4
21/5/2019
10:44
Hi pldazzle,They seem to be well hidden (confusing title?) on the site but can be found here (tt=xx);hXXps://cyanconnode.com/wp-content/uploads/2019/05/CyanConnode-Final-Results-2019-Presentation-FINAL_15.05.19.pdfAs I mentioned last week 90% of the content was NOT delivered by JC, the slides were presented by Anil (India) and the Connode APAC RoW lead; as a result I found the presentation far more credible. In particular it was intimated that competitor EESL had had cancelled $6.4m worth out of the $10m orders, and that they have only deployed circa 200k meters.Yes, IMO it's an ultra-high Risk/Reward company, (but in an a receivership scenario surely the IP must be worth a useful amount, as is the imminent cash flow from UK SMETS2 Not-Spots). Remember the current MC is a lowly £10.4m......NED and 10% holder DJ-P was in attendance and interjecting at various points. IMHO Deloitte were used as the ultimate revenue recognition umpire between the ED's and NED's, including DJ-P. IoT was played down; market development and revenue prospects were the focus. The brief video of CC automated board production was a separate file; I found it reassuring that something is on the ground and visible, presumably to serve the slide 13 "Others 35%" (non-licensees?) in due course?.Cheers, tightfist
tightfist
19/5/2019
13:55
Flag counter has been set up - if the Indian flag comes on, maybe Anil is having a nosey ? This page is getting more traffic than I expected...clearly a number of lurkers as opposed to active posters. Welcome France, Malta !
multibagger
19/5/2019
05:50
From the meeting - It just reminded me that Anil mentioned that he sometimes reads the BBs and notes the discussions and he knows that people in the UK "get upset or anxious" about Cyan.
multibagger
19/5/2019
05:48
Courtesy of and with thanks to ImperialLondon on the other thread... From Mr Anil Daulani's presentation on 15 May 2019 - India Smart metering projects: Submitted tenders : 1.935 million Due to be submitted within 30 days : 578k New opportunities : 850k Cyan target in India for 2019 is 1m smart meter order bookings. With us bidding with all 3 Smart Meter manufacturers like Genus, L&T and HPL who control 50% of the smart metering market, we have effectively 3 shots at every bid. Anil confirmed that Cyan have the largest smart meter deployments in India (about 150k so far, including the single largest project 70k at Indore). This has over 99.5% uptime with 193 meter readings per day per meter...revenue increase due to billing efficiency has gone up by about 23%-26% or so. Return on investment in Cyan smart metering is approx 1 year and 3 months to 1yr 6 months. Indore has provided verifiable and evidenced data on the business case for smart metering and has been visited as a reference site by various discoms and utilities. For comparison, L&G has 60k deployments and Itron (SSN) has 67k deployments in total in India - these are our nearest competitors. Trilliant is just entering the market and have Head End Software project for what remains of EESL. L&G are more expensive than us and involved in South Delhi project. Itron have not bid on any contracts as they don't have a Tier 1 manufacturer tie up, after Genus started partnering with us. Also more expensive than us. Wirepas is a new competitor but no tie up with Tier 1, so looking at Tier 2 meter manufacturers and could become a competitor in the future. Slides with these details were put up at the meeting. We were not involved in the EESL project at all and the vast majority of EESL contracts awarded (10.04m) have subsequently cancelled (6.4m). All in all, India led by Anil is in a very strong position.Election related delays to "code of conduct period", contract awards and implementation ( involving an electorate of 900m spread over 6 weeks, results due on 23 May 2019) has effectively lost us about 4-5 months of this FY. Still we are in a very strong position....it is a fund manager from L&G selling off Cyan due to instructions from higher up in the L&G corporate chain, due to changes in their business strategy that is causing the price to fall. Nothing company specific in my view.
multibagger
17/5/2019
22:14
Tight & Empty ... maybe non-execs weren’t enthusiastic about the CEO & COO receiving bonuses for revenues that had no certainty of being delivered, (a repeat of 2017 bonuses paid for NIK order)? Perhaps it even resulted in changes to the BoD.
davep4
17/5/2019
21:59
tightfist 3189 - "Wednesday’s slides are now uploaded to the Cyan website" Where? On hTTps://cyanconnode.com/presentations-and-videos/ there's a video of JC discussing the slides, but I can't seem to find them anywhere in legible format. Can you give the link?
pldazzle
17/5/2019
20:34
Updated the BB header with recent information From 08 May when L&G went below 3%, approx 2.6m shares in large round numbers appear to have been sold since then. This could mean that they have another 2.85m to possibly dispose before L&G are fully out. Pure speculation on my part....
multibagger
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