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I think that is very good news, as it is part of the Framework the numbers are not important to me. It was understood that Intellismart was using CC Smart in a scattergun approach starting off various Pilots so that situation remains and these starters should blossom, what term did we use Canopy effect. So may be our mushrooms will be popping up all over the place. If we are still well in with Intellismart could we see a Framework top up to 20m. DYOR
Good to see a new order even though relatively small to those that could be heading our way once the awards start in earnest . Also good to learn that this order will support a new smart metering deployment for Madhyanchal Vidyut Vitaran Nigam Ltd (MVVNL), so another opportunity that may be increased hopefully over time. GL Vas
Good morning all,
It seems as though the " no news-flow " situation has been slightly eased this morning, so far, with a welcome slight tick-up on the share-price. But still a long way to go, I feel. With the potential share-price increase, over the coming month's and the development of CyanConnode overall.
Good Luck all.
LTI.
.... John Cronin commented:-
" We are delighted to announce a fifth order from IntelliSmart received under the Strategic Framework Agreement. CyanConnode's influence in India continues to grow, as the nationwide rollout of smart meters gains momentum. This order takes our cumulative order-book for India to 6.6 million Omnimesh modules, of which we have successfully delivered 2.8 million modules by the end of FY 2024."
Well done to all concerned.
LTI.
Lucknow is quite a good place for Cyan to be. The local authorities there want to develop it into the major commercial hub for the region - and it has quite a modern/western feel for an Indian city.
........ from the RNS:-
" The order will support a new smart metering deployment for Madhyanchal Vidyut Vitaran Nigam Ltd ( MVVNL ), a utility located in Lucknow, India. This is the fifth order received under a Strategic Framework Agreement, which was signed in February 2023. These orders support the deployment of smart metering for five different utilities, thereby increasing CyanConnode's foot-print in India, as the nationwide rollout of smart meters gathers momentum."
Lucknow is is a new location for CyanConnode, in India I believe and as such, this order is a lot bigger numerically, than the initial " pilot " projects Cyan(Connode) used to receive some years ago.
A little, but often, is good.
And the original IntelliSmart Strategic Framework Agreement must be coming close to completion ( numerically ) sometime soon. We will have to see how CyanConnode progress from here.
Good Luck all.
LTI.
๐๐
.... has announced a new order for 265,331 Omnimesh modules, in India, for a subsidiary of IntelliSmart Infrastructure, namely Madhyanchal One Infrastructure.
http://polaris.brighterir.com/public/cyan/news/rns/story/x2v04nw
Excellent.
Good Luck all.
LTI.
Good morning Vas and thank you for sharing the report.
LTI.
I post this as its states its published today, although i seem to remember i have read something similar, i think.
https://www.pppinindia.gov.in/bestpractices/best-practice-detail/smart-metering-with-prepaid-functionality-%E2%80%93-challenges-and-success-story-of-bihar
...... and recap of some of the progress and relevant news, that may be of interest to some, was posted by multibagger this morning on ADVFN:-
A snippet and some bullet-points from their post:-
- CYAN are currently holding about 25% of the smart meter market in India.
- We have had RNS of circa ยฃ15m ( my estimate ) of contracts this calendar year.
- We are in play for a very substantial number of Tenders in play.
- The most populous and fastest growing major economy in the world ( 7%+ ).
- The 4th largest global economy and expected to be number 3 by 2027.
- Recent Investor Chronical ( FWIW ) article thinks we will smash our revenue forecasts. ( First highlighted by Vas, yesterday ).
- 250m smart meters to be rolled out just in India alone and then there is ROW to play for.
- The fresh-water of the world is in a precarious position - smart water meters will come in play in a much bigger way and we already have the tech and implementing in UAE.
Thanks to multibagger on ADVFN, for their point of view. A point of view of which I share.
Good Luck all.
LTI.
Good morning Vas,
Thank you for the Investors Chronical report, it is much appreciated. We will have to wait and see how the forecasts pan out in the fullness of time.
Good Luck,
LTI.
The assumption by some on here, that CC will land massive orders after every trade fair, goes back many years. JC will be mighty proud reading this utter garbage.
Well done to all concerned.
And no doubt many other products and solutions from other competitors. Absolutely ridiculous to even contemplate it means anything other than they looked in, took a few freebies (note the plastic bags) and moved along to the next one.
......... highlighted by gizmo earlier today:-
http://smart-energy.com/industry-sectors/smart-meters/500000-smart-prepayment-meters-for-bangladesh/
Good Luck all.
LTI.
....... welcomes the Dhaka Power Distribution Company to the Elecrama Live exhibition, in February 2023 and taking an interest in CyanConnode's Omnimesh solutions. Who would have thought it.
http://twitter.com/CyanConnode_Ind/status/1628089446926278657
Very interesting gizmo and thank you for the original Bangladesh news report, earlier.
LTI.
I don't think anythings lost colour....I just think positivity which understandably is lacking amongst many posters ...based on a sentence ...without substance or confirmed proof of effects on installations....contracts are just pieces of paper handed out ...
Maybe a Cyanconnode BB isn't for you gizmo? I get what you are saying, and JC himself has pretty much said it.
The boat is sailing, and CC appear to have lost their ticket.
It doesn't matter who does it colour .....perhaps cyan contracts were too early ..optimistic.. in Bangladesh modernization program ...the global smart money map is changing ..........
Check CC Bangladesh history. It takes the Crown in the companies string of failed 'contracts'.
Hi colour hope your well .....why ..Bangladesh will need help.. no point if we leave the most underdeveloped populated regions .....points to future of investment in smart .....
Ooooh, I wouldn't have put that on here gizmo.
Itron ...Bangladesh
"Companies smashing broker forecasts are almost certain to enjoy strong share price rises." - 9th April 24
Lucky we were put on the upgrade list and not he downgraded list form what has happened since .
https://www.investorschronicle.co.uk/tips-ideas/2002/01/02/latest-update-companies-smashing-broker-forecasts/
The good people of Dubai will hopefully enjoy the CC Comedy Club.