Cyanconnode Share Discussion Threads

[multibagger] 31/10/2019 14:30

"...Regarding BI is there a one-off technology-transfer licence fee payable against milestones? There is something in the back of my mind.... they sent in a technical team in Q1 to press ahead and enable BI..."

Not known for sure on my side, but I did speculate on this BB that IP transfer fees (once the production line has been set up and tested), may be one way of achieving the the now buried market forecast of £7m revenues.

"...What are the timescales for the improved mobile coverage? Remember the Toshiba meter is IIRC only 2G capable..."

Regarding the above it was in the news a couple of weeks ago - either The Times on the BBC website - if I find the item, I'll share it.

[tightfist] 31/10/2019 14:20

Hi again,Regarding BI is there a one-off technology-transfer licence fee payable against milestones? There is something in the back of my mind.... they sent in a technical team in Q1 to press ahead and enable BI.Setting BI to one side, I agree that for the next year Cyan is realistically an Indian play.What are the timescales for the improved mobile coverage? Remember the Toshiba meter is IIRC only 2G capable.Cheers, tightfist

[tightfist] 31/10/2019 14:12

Hi MB,Just maybe that is a Western perspective? I worked for a US corporation where the competition were seen as the outright enemy. Not so for some enlightened UK personnel..I went in as a guest of the Japanese and soon appreciated that they (seeming competitors) collaborated closely in a way unthinkable to a naive Westerner. .The Indian sub-continent seems to behave with an independent mindset and that may have created a similar interdependent culture out if necessity; I have not got close enough although liaisons raised my eyebrows. It's that nationalistic streak that has troubled me about Cyan from the get-go.supplier industry participation is more easy to envisage; in my ex-industry Bosch were dominant and only had nominal competition; But with skilful management customers seemed to be largely satisfied. However the significant wanna-be's in the INDIGENOUS Smart Meter technology market are unknown to me - maybe another poster can help?.Hope that helps the thought process, tightfist

[multibagger] 31/10/2019 13:51

Beijing Instruments - we won't see any money till BI bid, win and implement any contracts (I could be wrong, but this is my stance on the matter).

UK Smets2 - with recent news of big mobile players investing more to reduce "not spots", this revenue stream is very unlikely to generate the revenues forecast.

For me, since Anil took charge of India, CYAN as a business is only about India in my expectations from an investing point of view.

RoW is increasingly looking like a vanity project (at this time) and largely dependent on how solid our in country partners are and whether they can actually win the contracts and deliver ?

Disappointing day to say the least - next AGM or EGM will be interesting.

[deltalo] 31/10/2019 13:46

They wouldn't state it this close to time if it wasn't going to happen now would they. I believe it will, and that's why I've bought in. We will soon see in a few weeks then won't we.

[multibagger] 31/10/2019 13:36

"...If that does not happen IMO foresee an Indian mega-company swooping-in early in 2020 to secure the IP for the Indian subcontinent...."

Interesting thought, but I wonder where this predator would emerge from ?

Unlikely to be one of the 3 Tier I meter manufacturers that we are partnered with in India, as the other 2 meter partners are likely to pull out of contracts with CYAN ?

I would imagine that no company would want to be dependent on a competitor for critical technology ?

[realist1950] 31/10/2019 12:53

The confirmation bias.

[owenski] 31/10/2019 12:52

Christ, some people love to believe any old rubbish.

They tend to be poor people

[realist1950] 31/10/2019 12:49

deltalo31 Oct '19 - 12:18 - 3316 of 3318
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Yeah, and they are certain this will happen in a few weeks.

.............

Nonsense statement. There is no certainty here.

You are clearly entirely new the company.

[realist1950] 31/10/2019 12:45

Say's something when the best hopes are for either a jump or a pump.

Even if contracts are received, securing ANY revenue and delivering them is a completely different matter, as we've seen.

[realist1950] 31/10/2019 12:43

There you go multibagger.....there's your replacement.

[deltalo] 31/10/2019 12:18

Yeah, and they are certain this will happen in a few weeks. Soon as this is signed, it will jump the share price considerably. This will recover in the meantime.

[the bull] 31/10/2019 11:27

How this company survives I don't know, should have been closed down long ago

[clocktower] 31/10/2019 11:16

If its only a matter of weeks before they seal those orders, it may well bounce and be pumped up for a funding at that time.

One to watch again.

[orange1] 31/10/2019 10:58

Full marks to the directors for a clear and honest statement. If only other companies would do the same.

[realist1950] 31/10/2019 10:35

In the meantime, a fresh wave of opportunistic hot money waits with baited breath for a bounce.......whilst researching the dross they've just bought into.

[tightfist] 31/10/2019 10:35

Hi,For me the only logical scenarios were that there was (1) Some sort of Indian bonanza deal (instantly bookable as FY revenue, if not cash) being negotiated which has yet been delivered but MAY still be under negotiation? (2) Or that the Beijing Instruments contract contains a similar deliverable? (3) Or that the BoD was knowingly misleading shareholders?Despite the JC historical track record, IMO DJ-P and HP would NOT countenance (3). I am out of Postcards - my e-Card remains (1) but it's a very long shot. Alternatively, maybe DJ-P has friends with sufficiently deep pockets to take it private (think working capital?) before breaking it up and disposing of the IP to India for a big fat profit, reinforced by the SMETS2 imminent cashflow.BWDIK? tightfist

[realist1950] 31/10/2019 10:30

And yet the astonishingly charitable posts continue:

tightfist31 Oct '19 - 10:15 - 799 of 799
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Hi MB,

Thanks. IMO it seems the BoD (or more accurately DJ-P?) have finally grown exhausted with JC’s BS/Spin and have flipped to the terse version instead?! If they wanted to reinforce the order book I guess that NIK was no longer credible and thus needed to be deducted. Or was it a more simple kitchen-sinking addition?

I suppose there is still a chance that a substantive Indian order/contract will be awarded in the next 3? months before the cash pile becomes diminished to a danger low. When do we foresee significant Beijing Instruments licence/royalties cash kicking in? If that does not happen IMO I foresee an Indian mega-company swooping-in early in 2020 to secure the IP for the Indian subcontinent. If so, today’s sp/MC may look like the bargain of the year??We can be sure the BoD wont let it go on the cheap.

In a break-up scenario there is the growingly confident discounted cashflow stream of UK SMETS2 to consider, along with the technology-driving Scandinavian business to consider.

BWDIK? Tightfist.

........................

Indeed, WHAT do you know.

You can not at all be sure your BOD will let the company go on the cheap.

And what do you consider cheap for a company with a history only of making significant losses and one that has failed to secure any significant revenues?

Given past performance I'm personally COMPLETELY discounting that remaining 40M order book until it is banked.....and given the structure of the orders that would not be for several years anyway.

The Indian contracts you refer to, even if 'secured' will in all liklihood be of the 'received but not yet delivered' type that we've grown accustomed to.

They will probably also require significant cash resources to actually execute (as per reasons stated by the company for past fundraisings).

As I said four years ago, let them prove their model first, then buy in.

There is no need to expose yourself to the considerable risk in the meantime.

AIMO. ADYOR. All stated without prejudice.

[tightfist] 31/10/2019 10:15

Hi MB,Thanks. IMO it seems the BoD (or more accurately DJ-P?) have finally grown exhausted with JC's BS/Spin and have flipped to the terse version instead?! If they wanted to reinforce the order book I guess that NIK was no longer credible and thus needed to be deducted. Or was it a more simple kitchen-sinking addition?I suppose there is still a chance that a substantive Indian order/contract will be awarded in the next 3? months before the cash pile becomes diminished to a danger low. When do we foresee significant Beijing Instruments licence/royalties cash kicking in? If that does not happen IMO I foresee an Indian mega-company swooping-in early in 2020 to secure the IP for the Indian subcontinent. If so, today's sp/MC may look like the bargain of the year??We can be sure the BoD wont let it go on the cheap.In a break-up scenario there is the growingly confident discounted cashflow stream of UK SMETS2 to consider, along with the technology-driving Scandinavian business to consider.BWDIK? Tightfist

[realist1950] 31/10/2019 09:27

Why is it that I could have told you (and indeed, posted) that the company expectations, when first announced, were pie and in the sky and in all likelihood would not be met, but there is shock when the company announced on the last day of October that the money isn't coming in.

It was obvious from the outset the forecast was absurd.

Apparently they have enough cash to execute their strategy.

Really!?

If so, they must have miraculously found a way to really slow that burn (lucky, since another fundraising via the usual channels would probably not be successful) and secondly, can anyone clarify what exactly IS their strategy.

Taking it private?

Answers on a postcard.

[realist1950] 31/10/2019 09:22

Put it this way, I don't think Herald Investments will be chucking any more money in their direction:

hxxps://www.theaic.co.uk/aic/news/videos/aic-interview-with-katie-potts-herald-investment-trust

Worth a careful listen all the way through.

(Just my own interpretation! You must all come to your own conclusions).

[owenski] 31/10/2019 09:11

"With so many idiotic retail investors floating around, it's painfully clear to see how companies like CYAN can continue to exist."

Spot on

Companies come and go, but the manufacture of idiots continues to ramp up.

[realist1950] 31/10/2019 09:05

With so many idiotic retail investors floating around, it's painfully clear to see how companies like CYAN can continue to exist.

Although I have done it several times over a long period of time, this company really does deserves a proper dressing down and thorough examination of what has been announced vs. the reality of what has occurred.

No mention in today's RNS of the once touted 100M order book. Or, the many, many 'contracts received but not yet delivered' that have been announced over the years, only for quoted revenues never to show and for those deals to be replaced with new ones.

The phrase 'Fake it till you Make it' springs to mind.

All in my own opinion. ADYOR.