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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 Shares Traded Last Trade
  0.00 0.0% 13.25 342,008 08:00:00
Bid Price Offer Price High Price Low Price Open Price
13.00 13.50 13.25 13.25 13.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 2.45 -6.24 -3.27 29
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:12 O 77,587 13.1749 GBX

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DateSubject
20/6/2021
09:20
Cyanconnode Daily Update: Cyanconnode Holdings Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker CYAN. The last closing price for Cyanconnode was 13.25p.
Cyanconnode Holdings Plc has a 4 week average price of 7.20p and a 12 week average price of 6.15p.
The 1 year high share price is 14.25p while the 1 year low share price is currently 3.10p.
There are currently 219,983,799 shares in issue and the average daily traded volume is 264,252 shares. The market capitalisation of Cyanconnode Holdings Plc is £29,147,853.37.
06/6/2021
10:03
nick the greek 1: Has something significant changed at Cyanconnode!? From what i understand…. The recent placing was a professional (Arden) led raise. It was carried out very quickly (3 days?). There were no “city rounds” by the BOD. Very few private investors were asked. New and existing institutions were all of a sudden very keen to take part, It was heavily oversubscribed (3 - 4 times?). I would like to think K Potts was again part of this. The company had a certain amount of shares they could issue without shareholder approval and when approached these were sold to institutions quickly to hopefully hold and not not flip, thus not only increasing the security of the balance sheet but also creating more tightly held stock. The rise on Thursday was again likely led by institutions continuing to buy, having not had their fill in the placing (block purchases now showing from Thursday alight to this perhaps?). Arden state fair value is way above the placing price for contracts that are already in place and more importantly (considering the history here), currently being monetised. This would be a good incentive for investing alone though plenty of similar opportunities are around so unlikely to be just this. So what makes Arden all of a sudden so confident to bring in their trusted associates and also at a premium to recent trading, (admittedly only 2% but this being at the top of a recent pi led trend and lets face it, a premium on a placing for Cyanconnode is not the norm….!) It has to be the likelihood of the companies “potentialR21; now looking far more likely to come to fruition and this has to be the recent tie up with Intellismart imo. With a potential legacy of 10m meters of which Hardman suggest we could get 3m? Why - presumably because these are the areas in which GPRS has failed from the current orders and so they need a replacement proven mesh solution - we have the only proven, full works RF mesh option from what i understand. Intellismart would want this new alliance to be known before they issue large orders imo. So lets pull in a little background information and blend it with some of my thoughts for a little fun - it has been mused for a long while that the EESL large orders (2 x 5m?) were not being successfully implemented. They therefore needed a successful proven RF option that could be rolled out in bulk and rolled out quickly. The GOI directive of installing 250m meters was stalling badly (elections included) and as EESL are part funded by the GOI? this both politically and economically had to change. Cyanconnode are very well respected in their field in India (believe it or not!) and have a proven flagship model at Indore so one could see that they may well be considered at some point to join the party!? Why not earlier one may ask!? Enter stage right Ajoy Rajani and exit stage left, Anil Daulani. The latter had carried out a reasonable job as a corporate salesman but was rumoured not to get on well with EESL? The former comes on board as MD and CEO India bringing with him two more well respected players to make up an evolving and new “Cyan India”. Ajoy Rajani being more of an entrepreneur, businesman as opposed to corporate salesman and indeed being extremely well connected in the smart metering world in his homeland. He was in fact i believe an investor in Connode (India) way back in the day when Cyan took over Connode, whilst he then worked for Reliance. He has therefore had a further 5 years not only monitoring progress but also watching someone else put all the time and money in necessary to get it to where it is now before joining as CEO India instead of buying it earlier himself in one form or another! My guess is that he is now here for the massive opportunity that is presented by coupling Cyans now proven tech with his own entrepreneurialism and connections. Cyanconnode recognised this potential too i guess. Also dont forget the technical side of the Anil Daulani partnership ie Gautam Kumar left the co at the same time as Anil and is now CTO at Intellismart! So If, as per the indication in the Hardman note, the 3m legacy orders ever land on our doorstep (i would predict the next month to six weeks will be very telling in this) then things will change very significantly here very quickly. That, imo, is what all the fuss over the recent placing and extended buying was all about. Were that 3m order to land it would not only give us revenue way beyond current forecasts but it would also show that EESL are indeed now proving these orders and will likely continue to put some our way. Hardman suggest 3m meters will very conservatively create £50m of revenue? What will that do to the SP? Indeed what will the more realisable potential of 20 - 30% of the full 250m offering do to the SP? Even 10% of 250m @ 25m meters - 8 x 50m (Hardman) @ £400m revs!? “Inflection point”!? I doubt Ajoy Rajani is here for a salary. This is just for India dont forget, EESL backed orders would give sound credibility to ROW potential…R30;. Historically credibilty is not something Cyanconnode is well renowned for from a private investor perspective and thus a very low share price has presided however again i ask - “Has something significant changed at Cyanconnode!?” If i am correct and largely for the reasons stated above, it certainly has, time will tell. All of the above are purely my own thoughts, come with the usual caveats and are my opinion only. I also now hold a large stake in the company. GLA.
06/6/2021
09:26
multibagger: Good morning all :) We may see more coverage in tip sheets/broad sheets today...I think tomorrow will be a positive day for CYAN share price - CYAN blue as our BB thread here has seen a fair bit of activity. The Flag Counter background has been matched with the CYAN logo blue...#009FE3, if one must ask !
04/6/2021
06:43
multibagger: Good morning all :) Good to see that CYAN made it to to the top of the Percentage Gainer Leaderboard with a 42.27% post-fundraise gain yesterday closing at circa 13.50p to buy ! IMHO this is a true multibagger stock given its applicability of its tech and products at different price points and suited for various geographies. The climate change agenda will force a number of changes in the way we consume essential resources like gas, water and electricity and CYAN seem to be well placed to benefit from that through its vendor and device agnostic communication products. CYAN also appears to be communication spectrum agnostic and works with legacy communication tech as well. This offers retrofit prospects to boot. We are in the "essential spend" category for Governments, Organisations and Utilities with the beady eye of regulatory targets and legal compliance forcing their arm. CYAN is very significantly undervalued in terms of its market cap compared to its potential IMHO. I have been in the markets for about 3 decades and not many such opportunities have presented themselves over the years. I have acted accordingly and taken a significant position by my standards, but each to his/her own and one needs to have a minimum 3-5 year investment horizon with the ability to withstand the peaks and troughs - no stock / share price goes up in a straight line. A lot of successful investing is about patience, discipline and a firm conviction in your own judgement though the market may disagree in the short term. The role of luck is very severely underestimated in life IMHO - most success is put down to hard work, brilliance, intelligence etc but the role of simply being at the right place, at the right time and with the right resources is downplayed. CYAN seems to be one of those lucky finds for me and one that I took a position about 5 years ago after it was on my radar for 10 years or so. It has been a frustrating period but I have kept adding to my position so now comfortably in profit. Could be another interesting day.... Good luck all DYOR :) SP: circa 13.50p to buy
03/6/2021
08:05
the chairman elect: Yes as I stated - a done deal! CyanConnode Holdings plc ("CyanConnode" or the "Company") Result of heavily oversubscribed Placing and Subscription CyanConnode (AIM:CYAN.L), a world leader in narrowband radio frequency (RF) smart mesh networks, is pleased to announce that, further to its announcement at 7.00 a.m. today, it has successfully completed a heavily oversubscribed placing of new Ordinary Shares, at a premium to last night's closing market price, by way of an accelerated bookbuild, which is now closed (the "Placing"), and a subscription of new Ordinary Shares (the "Subscription"). The Placing and Subscription raised, in aggregate, £3.15 million (before expenses) through the placing of 27,196,395 new Ordinary Shares (the "Placing Shares") and a Subscription for 5,973,681 new Ordinary Shares (the "Subscription Shares") at an Issue Price of 9.5 pence per new Ordinary Share. The Issue Price represents a premium of approximately 2.2 per cent. to the closing market price of 9.3 pence per existing Ordinary Share on 2 June 2021, being the last business day prior to the announcement of the Placing and the Subscription.
29/5/2021
07:08
multibagger: Good morning all :) Happy to note the SBP observations when this Company was predicted to go bust several times over the years. We have moved from being in a just a survival mode to becoming an ambitiously growing company and gaining recognition from massive stakeholders in the field. The change is very perceptible and welcome :) Stock market seems to be cautiously warming to the tectonic plates of the Indian smart metering ecosystem moving and re-arranging to accommodate the tiddler that is CYAN. We have seen fairly large one day price movements (for CYAN) and confirms my view that the shares are tightly held. It does not appear possible to buy in any 100k quantity without upticking the share price ! A tiddler though it maybe, RF Mesh has proven to be a seminal piece of the technology jigsaw that has delivered upwards of 99.5% uptime and data collection in the Indore Flagship Smart Metering Project in India (now a Reference Centre/Centre of Excellence) resulting in approx. 25% increase in revenue collection. The Intellismart RNS is a tacit admission that the EESL roll out based on Chinese smart meters and Cellular/GPRS communication has not worked as hoped. Cyan tech has now been called upon to sort out these legacy issues and work alongside for new contracts. CYAN has rapidly built up a suite of communication technology products that allow it to bid for a diverse range of contracts globally depending on customer need and price points. Also it looks increasingly likely that our various communication technologies could be quite easily be adapted/modified/developed to address to adjacent areas in smart metering such as water, gas, lighting, EV Charging and play a role in IoT which is likely to take off when 5G becomes more mainstream. However, there is commercially enough going on in the smart metering of electricity to keep us busy for years to come ! Hopefully this little primer will help new investors coming on board get their bearings...have a good long weekend all :)
28/5/2021
06:39
multibagger: Good morning beeezzz and all :) Given the Smart Metering Tender Alerts pinging from India and the recently announced Intellismart MoU, I am optimistic (60-70% probability) of CYAN winning/expanding some contract(s) in the region of large 6 figures/possible 7 figure volume orders in a 6-9 month time frame from India or other parts of the world, excluding what has been mentioned below.... From Page 2 of the Hardman report..... ".....If CyanConnode were to secure additional contracts to supply 10 million smart modules (i.e. less than 5% of the total programme), this would imply revenue to the company in excess of $150m over the next five years. Our estimate is that IntelliSmart has orders representing ca.10 million smart meters that have yet to be implemented. Within this total figure, we estimate that around 3 million meters will require connectivity through RF Mesh (a technology in which CyanConnode is a global market leader). This would represent a revenue opportunity for CyanConnode in excess of $50m, a figure that conservatively assumes sizeable volume discounts...." I am an optimist and hold a fair few CYAN - so of course, you need to make an allowance for my judgement, or lack of it !! Good luck all :) 27 May 2021: share price Buy 8.70p
26/1/2021
07:49
multibagger: Off topic: Re IDEA (a big, long term hold for me from the early 30p share price range) Interesting what can happen to share price growth when it gets going... Below is an excerpt from the IDEA RNS this morning....IDEA share price is at 287p now ! Commenting on David's retirement Ben Dorks said: "I have worked closely with David for the last 8 years. What he has achieved at Ideagen is quite outstanding. Under his leadership, first as chief executive officer from 2009 to 2018, and then as executive chairman, the Group has grown from a market value of £0.5m and a share price of 2p to its current position. Having made 20 acquisitions Ideagen is now a world leader in the provision of regulatory and compliance software with over 5000 customers, 600 employees with offices in EMEA, Europe and Asia. His work ethic and dedication to the Company and its employees has been remarkable. He leaves an extraordinary legacy to follow and we wish him the very best for the future."
05/1/2021
10:37
multibagger: Hi emptyend, Of course your experience of BoD moving shares into ISAs may be different - but I would point out Matthew Jeffs, CE of Arcontech who moved his ARC shares, and that of his wife and daughter into ISAs a few years ago, when they were at a much lower share price. He and his family have obviously benefited from it. So my take remains that a BoD moving shares into an ISA is a clear expectation of what they expect the share to do - basically they expect the share price to move upwards and potentially becoming liable for CGT, which could be considerable. The share price has moved significantly over the last couple of days, so maybe there could be a retrace with traders locking in trading profits, before the next leg up for the share price ? Good luck all :)
09/9/2020
07:25
multibagger: Good morning Emptyend, JC has made a solid purchase too ! RNS Number : 3943Y CyanConnode Holdings PLC 09 September 2020 Director Share Purchases CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that Executive Chairman, John Cronin, has purchased ordinary shares of 2.0p in the Company ("Ordinary Shares"), as follows. Director Shares Price paid Amount Previous New shareholding % in Company Total purchased per share invested shareholding investment (p) (GBP) in Company (GBP) John Cronin 360,342 5.55 20,000 3,413,467 3,773,809 2.06% 1,005,829 ----------- ----------- ---------- -------------- ----------------- ------------- ------------ Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant 360,342 options over Ordinary Shares to Mr Cronin . Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however as with other directors who purchased shares on 7 September 2020, Mr Cronin has agreed to having these options issued with an exercise price of 10.0 pence per Ordinary Share. The higher strike price means that the options will have no value whatsoever until the share price increases significantly and will only have any value if the share price increases above 10p. Following this grant, Mr Cronin will hold options over 1,118,443 Ordinary Shares. In addition, he holds interests over 4,601,625 Ordinary Shares under the Company's Joint Share Ownership Plan. In total, 914,678 options have been issued to Mr Cronin under the Plan. John Cronin, Executive Chairman, CyanConnode, commented : "Together with my latest investment, the Board has invested over GBP5.5 million in CyanConnode, which demonstrates our commitment and confidence in the business going forward. I look forward to giving further updates to the market as appropriate." The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
07/9/2020
07:03
multibagger: Fantastic news !! Tremendous achievement by Anil Daulani and the team at CYAN ! Congratulations !! One would hope the market will now start the re-rate in earnest ! Interesting developments in the form of Hybrid RF Mesh + GPRS and payment by Capex + Opex. Resounding validation of technological superiority with the repeat orders Over the initial life cycle of this contract, my guess is the contract value would be around $5m. Therefore, this particular project alone is worth circa $1m a year in due course. CyanConnode Holdings PLC New Indian Order for 350,000 Omnimesh Modules 07/09/2020 7:00am UK Regulatory (RNS & others) RNS Number : 1516Y CyanConnode Holdings PLC 07 September 2020 ("CyanConnode" or the "Company") New Indian Order for 350,000 Omnimesh Modules CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce a new order for the Indian state-owned utility "Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd" ("MPWZ"), for 350,000 Omnimesh Modules, with the majority of payments secured against a Letter of Credit ("LoC"). The order has been placed by M.P. Smart Grid Private Limited, which is the Project Special Purpose Vehicle ("SPV") formed by India Power Corporation Ltd ("IPCL") and is for smart-metering communications in the towns of Ujjain, Dewas, Ratlam, Mhow and Khargone. MPWZ serves more than 3 million consumers. We have previously announced and deployed two orders for this utility, totalling 120,000. This latest order, which is the third order for MPWZ, will increase the total number of its Omnimesh enabled smart-meters to 470,000. Under the order, CyanConnode will supply Omnimesh RF Mesh and Cellular Communications Modules, Gateways, Head End Software ("HES") and associated services, together with an Annual Maintenance Contract ("AMC"). The AMC is for an initial period of five years, after which the AMC can be extended on an annual basis, subject to mutually agreeing terms and conditions. This is the first Indian order where the Omnimesh HES will be deployed to communicate with both RF Mesh and Cellular enabled smart-meters. Most of the order will be paid for under a CapEx model with the balance of the order being paid for under an OpEx model with Equated Monthly Instalments ("EMI"), over a five year period. The smart meters, which are being supplied by existing partners, will be deployed over thirty months, with initial deliveries commencing in Q3 2020. The value of orders currently being deployed by CyanConnode in India is approximately INR 1.8 billion and the Omnimesh Modules on order are set out in the table below. The majority of the revenue for these contracts is expected to be recognised over the next two years, with payments secured against LoCs. India - Omnimesh Modules On Order Project Ordered Delivered Balance ---------- -------- ---------- -------- JVVNL(1) 281,782 20,000 261,782 JVVNL(2) 149,089 20,000 129,089 Tangedco 142,069 15,000 127,069 MPWZ 350,000 0 350,000 ---------- -------- ---------- -------- Total 922,940 55,000 867,940 Anil Daulani, CyanConnode India CEO and MD, commented : "We are delighted to receive this large order, which will be our first order using a Hybrid, CapEx + OpEx, payment model. This is the third consecutive order from MPWZ, which demonstrates both our technological excellence as well as our ability to deliver projects efficiently. After seeing the benefits of Omnimesh enabled smart-meters at Indore city, MPWZ is now expanding the deployment to five other cities of the state. "With real time data flow from each smart-meter, we have proved that Omnimesh provides reliable and robust 24-7 communication. From the initial deployment of 120,000 Omnimesh enabled smart meters, MPWZ has benefitted from significant improvements and, b ased on the success of the Indore city deployment, we are very confident that we will secure further orders for Omnimesh." Raghav Kanoria, IPCL MD, commented : "I am pleased to be partnering with CyanConnode on this prestigious project. The CyanConnode Omnimesh technology has already been proven at the MPWZ Utility where they have seen considerable benefits from the meters deployed to date. I look forward to working together with CyanConnode on this project and providing further benefits both to the Utility and consumers of MPWZ. "IPCL, a Kanoria Foundation Company, is committed to increasing its footprint in OpEx based smart-metering projects and this partnership will complement each other for more wins." - Ends -
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