Cyanconnode Share Discussion Threads

[mtw] 07/11/2019 16:45

No doubt those posters will soon proclaim that Cyan has no competitors... we haven't had that one for a while. Some of those posts are a blast to the past. Quite unbelievable that some still think that mesh networking is unique to cyan. The sales are zilch because quite frankly the offering is zilch.

[tightfist] 07/11/2019 13:30

Useful. My eyes remain firmly fixed on "credit lines" to enable potentially exponential Working Capital.....

[profit7] 07/11/2019 13:17

Some cynics thinks the word resources is dubious

[profit7] 07/11/2019 13:15

financial resources!!!

Meaning?!!

The money available to a business for spending in the form of cash, liquid securities and credit lines. Before going into business, an entrepreneur needs to secure sufficient financial resources in order to be able to operate efficiently and sufficiently well to promote success.

[multibagger] 07/11/2019 11:03

My impression was that Anil was on track to secure smart meter orders for around 1 million this financial year. Whether this has been put back to a more realistic timeframe given the Indian election saga, I don't know.

So it is 1m of smart meter orders, which is clearly different from 1m installations.

My guess for the 4 contract announcements from India would be between a sum total of 650-750k smart meters this year, as that would roughly correlate with the $15m mentioned in the Arden Note.

[realist1950] 07/11/2019 10:43

So.... landing no orders is good because it means we can hold on to what cash we have left and wont have to pay any upfront costs for components for said orders.

Is this guy for real?

[tightfist] 07/11/2019 10:43

Hi deltalo,.Good to see you around. I am still a "believer" although deeply underwater.... I don't believe we have been told the CASH strategy, apart from an emphatic it DOESN'T include fund raising in 2019. And that cash-less alternatives to provide Working Capital are underway. Please correct me if I have missed something!.My personal assumption was that they will sign at least a couple of major contracts (ie total of millions of SM), at last validate their Indian business proposition, and then launch a placing at a respectable share price (ie 10p or more) during Q1 2020. Again, speaking personally, the size of the prospective prize warrants more than the investment to date..Cheers, tightfist

[realist1950] 07/11/2019 10:15

There are so many issues here.

The ridiculous renumeration packages that were in place here for several years, before they were flagged up on this very thread, should have given most a fright.

The countless investor presentations.

The contradictory nonsense spouted by people like Harry Berry (in one breath dismissing the UK market as small and 'green' before the company decided it was the place to be). And the fact that his 'mate' John bought him onboard to EXECUTE the order book, only for him to disappear and leave the company a year later, apparently without getting the job done.

Why?

Perhaps it all got a bit to 'hot' for Harry Berry and he decided, after all, to take to his mooted pipe and slippers.

Harry, I never 'bought' it.

Other personnel too, have since left.

[multibagger] 07/11/2019 10:05

The flip side of a reduction in year end revenues, also means that we are estimated to have £1.1m cash left as per the Arden Note.

This is because of contract delays we don't have to pay upfront for components which have long lead times for delivery. So cash does not appear to be an urgent issue.

[owenski] 07/11/2019 10:01

I suspect that a company 'going to the wall', is unlikely to get any orders, national customers aren't as big a mug as a PI, they do check for solvency issues.

[realist1950] 07/11/2019 09:59

hxxps://www.profitwarning.co.uk/

[realist1950] 07/11/2019 09:56

They think if a contract lands the company is 'made'.

Given what CYAN have RNS'd in the past (ie the need to raise funds in order to actually execute and deliver orders) one could be forgiven in thinking that any such new contract will probably require resources in excess of what cyan currently have in order to deliver.

What is also very striking is just HOW quickly the company burned through vast cash sums from all of those past fundraisings. Only NOW has cash burn seemingly slowed....interestingly just at the point where they've decided (and publicly stated) that they do not anticipate approaching the market for more funds.

Is that because they sense they will fail (ie fundies have had enough) I wonder?

The company has stated that it has enough cash to execute it's strategy.

Does anyone even know what that is these days?

[realist1950] 07/11/2019 09:49

They haven't a clue owenski.

The retail investment community is basically just canon-fodder.

[realist1950] 07/11/2019 09:48

Some discussion and hypothesising 'over the road' about this company being taken private.

I wouldn't rule that out imo.

[owenski] 07/11/2019 09:48

I suspect inexperienced numpties do no research but just look at a price chart and see it's fallen from 60p down to 2.5p and think it'll go back up to 60p at some point, lol

[realist1950] 07/11/2019 09:47

I was telling multibagger this was going one way at around 30p.

All the way down he pushed the stock which effectively encouraged people to buy in, good money after bad.

And now he has started all over again.

[realist1950] 07/11/2019 09:45

The echo chamber is back to rude health on the other thread.

Two new recruits for multibagger and he himself back to his old ways.....a fresh purchase I'd imagine and back to the ramptastic.

The two new recruits clearly know nothing about this company. I'd imagine they haven't read back more than two months worth of RNS'.

And so it continues.

[profit7] 07/11/2019 08:55

Contracts contracts and more contracts

CEO has £1m + worth of shares

Directors invested £5m.
All bought around 10p, so not only LTH are underwater, all directors are under water as well.

This is going up soon.

Buy hold

[deltalo] 07/11/2019 08:23

I agree, all depends on the size of the contracts and the upfront outlay. They said there is sufficient fund to execute on its strategy, so there confident it won't be passed on to us.Looks all good to me.

[multibagger] 07/11/2019 08:09

Given the current sentiment, I think we may add 1p+ or so on each contract (could be more if they are substantial contracts announced / numbers attached) - I am being conservative, after all the multiple/recurrent false dawns to date.

But I am mindful that if fund(s) are still selling down, they would use any increase in share price to offload more ?

What is your take deltalo ?

[deltalo] 07/11/2019 08:03

Massive market in India and other countries throughout Asia to get smart meters in all homes and businesses. The rns stated the contracts will be signed in the coming weeks and as that was over a week ago now, so news could land at anytime. Multibager when it does easily.

[multibagger] 07/11/2019 07:29

Re 861

India is losing about $32 billion a year in Aggregate Technical and Commercial Losses (AT&C losses) which includes electricity theft - this was a part of the slide deck that had accompanied various presentations, but appear to have been removed from the company website, though you may find them somewhere on the internet.




The CYAN led project in Indore is being used as a reference/case study for various Discoms in India, as it has increased revenue collection by around 25% (from memory). This Indore Rs.96 crore project (1 crore is 10 million rupees) has a payback of only about 2.5 years.

This makes investment in smart metering virtually a "no brainer" if you are a discom, if the funding is sorted.

Though India has stated that it is hoping to install 230-250 million meters in the next 3 years, company insiders feel that realistically this is a decade long project.

[profit7] 06/11/2019 23:58

India to roll out 300 million smart meter within 3 years
Read below

Or Google
Meter india