Cyanconnode Share Discussion Threads

[multibagger] 16/12/2019 08:10

Hi tighfist,

The per smart meter contract value due to CYAN was based on conversations from the Investor evening last year. Don't know if it still holds ?
I think that the AMC, software etc which was usually over a 5 year period, appears to now be 7 years. So I think this is where the softening in margins is.

Let's see what the market makes of it....

[tightfist] 16/12/2019 08:05

Hi MB,Well, we finally have finally landed the first significant sales prospect, at least at LoI level. (My light-hearted May competition estimate of October was even found optimistic!).The most interesting aspect of this LoI is the relative front-end loading of revenue - IIRC it has usually been around 50/55%? upon supply; we have now risen to 80% (with the balance in annual support). Whilst being potentially supportive of cash flow to March 2021 one does wonder what concessions have been made on pricing - your figure looks very bullish to me?Anyway, good news and that, plus the enhanced cost savings, can only aid the all-important ongoing cash situation.Well done Anil, best foot forward on that pipeline! tightfist

[multibagger] 16/12/2019 07:57

$3.55m contract value (and we are led to believe that another 2 or 3 more are expected from this particular India tranche.

This is not far off the total market cap of CYAN as it stands at the moment !

[hamidahamida] 16/12/2019 07:56

Get ready this RNS is only out because they are planning to hit you with another DISCOUNTED PLACING

[kilijarslan] 16/12/2019 07:46

There we have it. Don't try and buy all at once

[multibagger] 16/12/2019 07:21

So maybe I stand corrected on Friday's trading activity - looks very much like a RNS leak (good heavens - it never happens on the market).

Hopefully this news will get us back to circa 2.75-3p today ?

[multibagger] 16/12/2019 07:15

So we have one contract announced - another 3 to come ?

In my reckoning, 142,000 smart meters x $25 per meter for CYAN = $3.55m

"...The installation of the project is expected within the next fifteen months, with approximately 80% of the revenue being recognised during the first two years and the balance being received during a further 7-year support and maintenance contract...."

To me the RNS is not clear if the the total implementation will be completed in 15 months or just initiated ?

[multibagger] 16/12/2019 07:06

16 December 2019

CyanConnode Holdings plc

("CyanConnode" or the "Company")

New Order for Smart Metering Project in South India

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has received a Letter of Intent (LOI) from partner Genus Power Infrastructures Limited ("Genus") for a substantial order from a new end customer. This LOI relates to a 142,000 unit smart metering deployment for one of the largest government-owned utilities in South India. The detailed contractual terms and scope of work for the order are being agreed.

Under this LOI, CyanConnode will supply Advanced Metering Infrastructure (AMI) standards-based hardware, services, and head-end software, which includes a perpetual license and an annual maintenance contract. The Company's Omnimesh technology will provide a network canopy, enabling a hybrid RF smart mesh and cellular communication platform that is scalable to 200,000 smart meters. The installation of the project is expected within the next fifteen months, with approximately 80% of the revenue being recognised during the first two years and the balance being received during a further 7-year support and maintenance contract.

Through Genus, CyanConnode's technology was selected following the Utility's competitive bidding process. This process included a request for proposal (RFP) as part of the bid evaluation process.

The LOI is one of the orders that was referred to in the Company's announcement on 31 October 2019. The other orders are still being negotiated and have not been awarded to date. As a result of the delays in the award of these contracts the Company anticipate that operating cost savings will be approximately GBP0.8 million per annum rather than GBP0.48 million previously reported on 13 May 2019. The Board anticipate that these in year cost savings will provide further benefit into 2020, and anticipate the savings to increase by a further GBP1.2 million per annum for 2020.

Anil Daulani, CEO & Managing Director of CyanConnode India, commented:

"We are delighted to have received a LOI from Genus, which relates to an order they have received from a new end customer in South India.

"As India begins to evolve into the world's largest smart metering market, utilities have begun to realise the benefits of CyanConnode's robust RF mesh technology, and I therefore look forward to giving further updates in due course."

JK Agarwal, Joint Managing Director of Genus, commented:

"The partnership with CyanConnode brings together complementary products and a wealth of expertise in the smart metering / technology domain that will meet our customers' needs and support the Indian government's objectives."

[multibagger] 14/12/2019 08:06

Unusual trading activity with 113 trades yesterday.

Also 3.7m single transaction could be someone/ a fund finally exiting ?

A vast majority of trades yesterday were for a few hundred pounds - looks like "hot money" has arrived and could be a group working in tandem and yesterday was Day 1 for the masses. The big boys would have got in slightly earlier, before inviting/leading the rest.

Be ready for all manner of filth and lurid graphics being posted and the BB trashed with hundreds of inane posts...seems to be part of their "trading/partying style"(if you can call it that).

Seen similar activity on the TRX recently....from 11 Nov 2019 (Post 2176 onwards). Twitter being the channel of choice.

If the above speculation is true, we are likely to see a buying/feeding frenzy over the next several days/week, before there is the inevitable selling up again - usually this group are in a for penny or two.

Let's hope a RNS or two lands in this anticipated / potentially "frenzied" period (if I could call it that)...as this could well drag us out of the share price doldrums.

Let's see how this plays out.....keep an eye on the flag counter at the top of this thread to gauge activity levels !

Flag counter at 7185 views at the time of this post with 13 countries represented.


Good luck all and brace !!

Edited: at 08:46 hrs

[kilijarslan] 13/12/2019 15:10

Someone say golden cross approaching! Few more buys and it's break out

[kilijarslan] 13/12/2019 14:48

Approaching break out

[sabre6] 13/12/2019 13:39

Maybe RNS next week to stem the fall in SP

[kilijarslan] 13/12/2019 11:19

That looks spot on! Seller done

[jonnyfro] 13/12/2019 10:32

Check out the large trade ending in 88 then match it to cannacords recent holdings rns looks likely seller out

[kilijarslan] 13/12/2019 10:00

Recent comms from the company stated contracts are not lost. Once contracts land it will rocket on news

[realist1950] 13/12/2019 09:29

The company recently 'boasted' as to how it's staff numbers had swelled in recent times.

Can someone tell me how the monthly cash burn, miraculously much reduced in recent months, is able to sustain the mooted increase in staff?

Just one question from a very long list.

All in my opinion and Without Prejudice.

[realist1950] 13/12/2019 09:26

There is so much to take apart here.

So much over so many years.

Having watched this company for well over 15 years (long before the arrival of the latest BOD) it's almost impossible to know where to start.

[realist1950] 13/12/2019 09:16

And you would, in my opinion, be making exactly the same mistake as many before you.

Some people see a stock that has done nothing but go down and think that it can't go down any further and that it surely must be better value than it was.

This isn't necessarily the case.

Over time, a stock may fall, but the 'story' may also change; it isn't the same thing as it was say 1 or 2 years ago.

A stock bought at 1p can just as easily go to 0.5p and lose you 50%, as a stock bought at 20p moving to 10p.

After all, when Cyan hits 1p, understand that it will be for a reason.

[escapetohome] 12/12/2019 20:39

Im a buyer at 1p.

[escapetohome] 12/12/2019 20:39

No long term holder has made money from this share . None.

I bet there are very few short term holders who have made money.

This is one of the worst potential vs performance shares out there.

It lulls you in then kicks you.

[realist1950] 12/12/2019 18:25

Almost blew Earl Grey through my nostrils when I read Bambas Crown's most recent post, across the road.

Chortle.