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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
10/6/2019
07:26
Good morning tightfist and all :) If it were an Indian company to take over Cyan in due course, I would think that Genus would be a front runner. They have the biggest share of the smart metering market in India and the decision making is likely to be concentrated with the founders/their family. Hence, they can just decide to do it, without any cumbersome process and they would have the financial clout to do it in short time. The Gujarat based Adani Group who appear to have bought the Reliance Energy portfolio could also be interested. They are very highly connected in Indian political circles. I think our Bombay project with Reliance is now Adani Group controlled. They could be another interested party. L&T is a multibillion dollar conglomerate...so unless the revenues are simply stellar and growing phenomenally, it won't move their revenue needle. They are less likely to be interested in my view.
multibagger
10/6/2019
06:40
Good morning all ! A warm up pre - AGM statement release, reiterating that funds are available to execute the business plan. The statement below is of particular interest...though privately it is acknowledged that 250m smart meters to be installed by 2021 is an impossible ask. It appears that between 6-9 years for implementation is more realistic and that is what Cyan are expecting. "India is poised to be the second fastest growing adopter of smart metering globally, with the estimated number of smart meters targeted to increase from the current level of less than 0.5 million meters to c.250 million meters by 2021. Following Narendra Modi's re-election as India's Prime Minister, CyanConnode now expect to see renewed activity of the Smart Meters National Programme, resulting in further significant orders for our Omnimesh AMI platform".
multibagger
10/6/2019
06:27
I have been a risk-taker within a UK minnow acquired by a US gorilla - your paragraph 3 is a very good reflection of differing attitudes to risk. That is in the western world; does India have the same divergence?.I have often wondered about one of their Indian clients potentially acquiring them. However, are anti-trust laws/practice/belief in India sufficiently strong to ensure a reasonably level playing field across the entire market, offering cost-effective technology access to all? Cyan were careful to mention that the "other" smaller players were part of Phase 2/3..In view of the strategic position that may evolve, IMHO I would think it more likely that an indigenous 3rd Party Indian systems player would be interested, with a history of fair play..All IMO. Cheers, tightfist
tightfist
10/6/2019
06:25
10 June 2019 CyanConnode Holdings plc ("CyanConnode" or the "Company") AGM Statement CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, will be holding its Annual General Meeting ("AGM") today at 14:00hrs at Trowers & Hamlins LLP, 3 Bunhill Row, London, EC1Y 8YZ. John Cronin, Chairman of CyanConnode, will update shareholders with the following statement: "2018 was a transformational year for CyanConnode, seeing revenue growth of 281% to £4.5m, improved gross margins of 452% to £2.7m and a 22% reduction in operating costs to £9.1m (or £8.1m excluding stock impairment, foreign exchanges gains / losses and share based payments). "Our significant revenue growth in 2018 was attributable to the launch of the standards-based Omnimesh Advanced Metering Infrastructure (AMI) platform, which allows easy integration and deployment into multiple markets. Omnimesh was launched in June 2018 and within six months it had gained considerable commercial traction, especially in our largest market, India, where orders for the period totalled £15m. "India is poised to be the second fastest growing adopter of smart metering globally, with the estimated number of smart meters targeted to increase from the current level of less than 0.5 million meters to c.250 million meters by 2021. Following Narendra Modi's re-election as India's Prime Minister, CyanConnode now expect to see renewed activity of the Smart Meters National Programme, resulting in further significant orders for our Omnimesh AMI platform. "During 2018, CyanConnode signed its first licensing agreement with a well-established Chinese meter manufacture, Beijing Instruments, who will incorporate the Company's technology into its smart meters. In addition to a fee paid each time a unit is manufactured, CyanConnode will receive a separate income stream from its Omnimesh AMI platform, which is required to activate a deployment. "After several years of delay, UK SMIP version 2 is now being rolled out in force, with approximately 200,000 SMET2 smart meters being connected to the Data Communications Company, (DCC) each month. The CyanConnode SMET2 contract relates to the Central and Southern regions, where approximately 24 million SMET2 smart meters will be connected to the DCC. The Company estimates that 2.4 million SMET2 smart meters will be fitted with RF mesh enabled communication hubs and that the momentum of such installations will increase during 2020. "As announced in March 2019 Paul Ratcliff will step down from the board of CyanConnode immediately following the AGM. I would like to thank him for his contribution and support during his tenure at the Company. "The first five months of 2019 are performing in line with our expectations and we remain confident that the Company has sufficient capital to execute our business plan. We look forward to updating the market on future developments and take this opportunity to thank our shareholders, employees and advisors for their continued support."
cpap man
09/6/2019
06:03
Good morning emptyend ! I recently read "Loonshots" by Safi Bahcall - a very insightful book synthesising physics, management, organisational structure etc. Well worth a read and this book analyses the mindsets of people within small companies / start ups v established large companies amongst other things. I get the impression from the thinking and rationale set out in the book, that Managers/Directors in larger companies are often not particularly keen on putting their personal careers on the line by taking risks/ seen to be taking risks. They go with the corporate flow and there is not much to be gained on a personal level by taking risks, as they unlikely to personally benefit from the payoffs of taking risks. The mindset of entreprenuers/startups is by nature and default more risk tolerant. So I feel that until we get a clear, predictable revenue stream and are firmly profitable, larger companies won't bother with us. Once we achieve that, we will be taken over at a good premium.
multibagger
08/6/2019
11:47
I was more thinking that one of the major clients would buy them out, in part because larger companies can tolerate unplanned delays due to a diversified revenue stream...
emptyend
07/6/2019
15:00
re 601 Not so sure emptyend. The time scale to adoption of our IP and technology is dictated by big utilities directed by government energy policy and the like. So it is not something that can be forced and hurried along. We are not dealing with retail enduser for our IP like Apple or Samsung, where the discretionary element of consumer spend and taste comes into play and bigger players with marketing spend and big budgets can set the pace. No company however big, can force governments to change course (unless the Govts are bought - "state capture" which is known to happen).
multibagger
07/6/2019
14:53
Equally applicable here with the likes of L&G... What I posted on the SUN thread in response to a post about BGF "miscalculating" "Fund managers are more likely to miscalculate including the Special One Woodford - it's other people's money they are playing with - essentially a game of Monopoly to them. It is of no consequence what so ever to their careers or fortunes. They think they walk on water, or are masters of the universe (Goldman Sachs). So don't bother what fund managers think or do - if people think that we PIs are clueless with our money, fund managers are intoxicated, reckless and clueless and often just out of University with a degree in some totally unrelated field - it's just that Dad's golf partner, knows people in the City."
multibagger
07/6/2019
06:59
Taking longer than expected always come with the territory. Perhaps someone else would get results more quickly from the IP if they bought them out?
emptyend
07/6/2019
05:15
Good morning Emptyend and all :) While most eyes are on India (me included), I wonder if the RoW team may come up with a left field development ? I don't know if you attended the Investor Evening on 15th May, but there was some good natured banter between Anil and Bjorn re sales. Beneath it all, I'm sure that the competitive streak will keep Bjorn on his toes ! In fairness to Bjorn, barring the Nordics, he is operating in new territories all the time. Anil is stomping in his own backyard. Where ever the contracts come from, share holders would be delighted and relieved with an increase in the share price I remain confident, but taking a whole lot longer than I anticipated...a good learning point about expectations and reality in the stock market.
multibagger
06/6/2019
17:34
Re India, the fact that Modi has had a stronger result than anticipated perhaps suggests that the pace of activity may pick up (from a low base).We're in the zone of uncertainty currently - but in 6 months time we should see some progress.....
emptyend
06/6/2019
10:03
To be fair, giving yourself an 'impressive' moniker is bound to attract some greater fools. It clearly works for Turmeric supplement spammers, putting all their letters after their name in their blogs, including 'Distinction' after one of the mickey mouse qualifications. Seen their ads. on here. Long drawn out blurb mentioning turmeric in just about every illness there is, as if there is some sort of real evidence for it working, which of course there isn't. But its enough to attract climate change deniers and the flat earth style society nomarks. If there was evidence, then there would be a link to the clinical trials and stats. for the specific illness. Just as there would be a link to the predictive stats. for charting. If they existed in anything other than 'guru' books.
yump
06/6/2019
09:18
Multiblagger on the other thread, spinning a yarn.
realist1950
06/6/2019
09:16
Yeah, yeah multiblagger. The price drop is completely accounted for isn't it. J*sus wept. You're utterly deluded.
realist1950
06/6/2019
06:00
L&G selling....apparently and they can be pretty blase and take a hit as it is not their own money that they have invested and are selling at a massive loss. No newsflow due to recent Indian elections. I expect the post election froth to settle and some RNSs to come out in the not too distant future...nothing concrete, just my take on things. Edited: Wonder if the Woodford mega debacle is also causing redemption pressures in other fund managers as they may be invested with Woodford too ?
multibagger
06/6/2019
05:54
So why is the share price going in the opposite direction?
fred splange
05/6/2019
18:03
UK Smets2 update.... Https://www.smartdcc.co.uk 10 May 2019: 905,891 22 May 2019: 1,002,495 23 May 2019: 1,014,945 05 Jun 2019: 1,108,455
multibagger
29/5/2019
07:19
Cash flow from SMETS2 is certainly not imminent and IMO will not help manage this year's cash pinch. Now Modi is safely re-installed maybe India will finally come alive; it's certainly been a game of patience so far!
tightfist
25/5/2019
10:58
Imminent cash flow from SMETS2 ??? Did not Connode already receive what was in all probability the full amount before the "tie up" with Cyan ? For reasons best known to themselves some are still trumpeting how wonderful Cyan is and how the company will benefit from SMETS2... Its about time Cronin came clean about this deception.
mtw
25/5/2019
10:16
Oh my word. This is now 0.0225p bid in old money. That’s less than 3/100ths of 1p. World leading my a*se!!! This is a world leading crock IMO and sadly it seems the leader is not going anywhere soon despite special talents at failure here. They should have been sacked years ago IMO when it was apparent they were way in over their heads. Reminds me of that desperate to cling on lady yesterday who got found out and has been outed from her job after achieving absolutely nothing.
lwaxf13
24/5/2019
19:50
I agree with FS because: In 2016 Telefónica said “Today Telefonica covers 95% of premises in the South & Central Regions – Source Telefonica street level measurements. Antennas will increase that coverage by 2%, taking premise coverage to 97.0%. Mesh then provides a further 0.75%, taking the coverage to the required 97.75%” https://www.smartdcc.co.uk/media/2026/smart_radio_-_mesh_street_demo_-_28042017_v20.pdf I beleive when tendering in 2013, Telefónica used mesh as a means to meet the DCC's coverage target of 97.75%, since then Telefónica has improved its cellular network. consequently, I believe the value of the Connode contract will be as originally agreed with Toshiba in 2013, (£4.4 over 15 years, and I calculate approximately £1.2m has already been received).
davep4
24/5/2019
19:05
Our "not spot" contract is for the southern regions of England and overall number of installed base will be around 23.6m (mentioned on 15 May meeting if I recall correctly). So at the conservatively estimated 10% "not spots", we are still potentially looking at about 2.36m "not spot connections". So still a fair few over 500k, even the numbers slip a bit...and £3.60 one off + 62.4p recurrent annually.
multibagger
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