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Good morning tonyj and all,
To picking up on your 07:45 post this morning, " ..... £1 to £2 ...... " is a more realistic and achieveable potential T/O share price for CyanConnode, in my opinion.
But who knows what is around the corner, as the saying goes and what opportunities may present themselves for further developments, in the future.
Exciting and interesting times ahead, for sure.
LTI.
Morning fulcrum. I agree with your opening comments about CC still being in there (AIM) but the main shareholders came in at much higher SP's and have hung in so I would think they would not settle for less than £4.
If we started moving in the direction of £1 to £2 then the momentum would pick up I feel, especially if JC achieved licensing to major meter manufacturers.
DYOR
Evening CB
Why 2/3/400%? Simple - Cyan's success thus far (Including it still existing which is no mean feat for a Tiddler like this!), proven technology that works and potential sales that run to hundreds of millions. I'm very sceptical of CC getting to £4 as Tonyj mentioned for the simple reason that I believe a T/O would happen long before then should CC gain real tender success (10s of millions) but surely it's in the interest of larger companies to mount takeovers when they don't have comparable Tech and when a SP is priced low?
Given the range of prices that CC shareholders / employees have paid for the shares over the years, I figure it would have to be a significant premium to the current SP.
You might not like it coming from me but very well done Colour, I mean that.
You may not see the rosy future I perceive but CC is going to make good headway shortly and I think it will do more than just supplying modules. India is on its way at last and as RF is a meter requirement I would expect 20% of 250m if all goes well and perhaps more.
You have obviously DYOR, your endorsement will be noted I am sure.
I'm staying out of your fantasy land tonyj, deluded doesn't come close.
I have however taken a position, within the last 7 days, that has acheived what I am happy with.
Hello Fulcrum I fancy you are hoping for a buy out. If CC has the 'secret sauce' then it could be very valuable but I don't think there is something not already known. I have said before I think CC could achieve £4 (pause for Colour), the main holders have been in a long time and probably want a decent payout, if they see something now worth having they are not going to let it go for pennies. Cyan picked up Connode only because the Fund was closing otherwise we could still be looking for IPv6. Hold your breath a bit longer as I feel very good times ahead.
GoI would probably not want CC RF going to one company so a consortium of probably leading meter manufacturers would probably be an interested party and prepared to pay well to keep their smart meters protected.
I would go with some being sold off but only enough to protect us against a forced takeover.
As a small company with very few shares I feel long term we could see £10 (que Colour).
DYOR Well you have to have something to talk about.
Why would anyone offer 2/3/400% over a current MC, just because they can afford to? Those levels don't happen even in a bidding war!
Afternoon LTI / Tonyj
Like you and a few select others I have been invested in CC for a decade plus now (15 separate Share purchases at prices ranging from 2.25 > 57p - Presently I'm in the Red and need the SP to reach 21p for breakeven which I'm genuinely confident will happen).
I do believe in the Tech and it's commendable that a minnow like CC has survived when you consider the Giants it's going up against and the success it's achieved. Granted, not too long ago I had consigned this Share to the Dustbin as an expensive mistake.
But now that it's gaining traction and has proved it's durability / Fit for Purpose, I'm very confused - why is CC still operating as an Independent Company and not been taken over? I believe the SP is accurate as there have been too many False Dawns and irrational SP predictions but surely CC must be on the radar of a Giant that could quite easily pay a 2/3/400% premium to the SP and take it over in 1 swoop?
With the size of the market and hundreds of millions on offer, surely it's in the interest of the Giants to scope out the tiddlers that have potential and take them out? Granted, CC may not ultimately realise sales of hundreds of millions of dollars but were CC to achieve this success then the Giants would be none too pleased (Those executives focussed on Competitors and M&A would have serious questions to answer). However, I also note that there has not been a great deal of deal-making in this sector which has further confused me given the potential riches on offer.
Maybe the glacially slow pace of the rollout / CV-19 has given companies cause for concern?
Were CC to receive an order in the Tens of millions, it's reasonable to assume that the SP would be 50p + - So why is a Giant not willing to take a Calculated risk now and get the company for say £100m? All in all, that is not a significant sum for a Tech Giant. JC has mentioned before about CC Tech & 'Secret Sauce' when talking about potential takeovers but surely an offer of 2/3/400% would see him hand over the keys? Or maybe an offer(s) has been received and JC believes it was insufficient? I don't know.
Thoughts?
Good afternoon tonyj,
I would agree, that waiting comes with most shares. And CyanConnode is no different.
I mentioned a couple of days ago, about the new known contracts, that had been received by CyanConnode, 2 from Assam through IntelliSmart and 2 for the MENA region, that dropped after the 2021/2022 Financial Year was over. Which may get an update in the " Post-Period Highlights " section.
It would also be good if some clarity was given on the over-all module delivery, post-period, also. It doesn't have to be contract specific, if that is not possible for various reasons, but an overall number of any additional modules delivered/installed during April 2022, through to say, the end of July 2022, would be appreciated, as far as I am concerned.
But as I think we both agree, there seems plenty of work to tender for.
LTI.
I think that we will have to wait patiently for Sept/Oct.
In the meantime CC should hopefully get more from existing contracts like Assam AND JVVNL.
There is a lot of work about to be unleashed; as Multi says CC is a small company but I feel we are so well known for performance that we will get a substantial part of the total market.
DYOR
Also from some of multibaggers research, but not word for word:-
There appears to be 5 Discoms in Uttar Pradesh, that have a requirement for circa 30 million smart meters, with 2 Discoms - Purvanchal and Paschimanchal - having a requirement for 14 million smart meters.
So it would seem that pencils are being sharpened all over India, with both eyes on the prize. And not forgetting there is the FY 2021/2022 report to get out, also.
Busy times ahead, I feel. But I am sure that CyanConnode would not have it any other way.
LTI.
Good evening all,
From multibagger earlier today:-
" Good morning johnwall and all :) Let's hope the RDSS Scheme rollout ( which forms the bulk of the Indian SM rollout ) now starts in earnest. To me the short period of Tender ( closing 03 Sep 2022 ) possibly indicates that " empanelment " of the major players must have been completed so that they are in a position to bid? It still astounds me that a small company like ours has a realistic prospect of bidding for such large contracts and has a good chance of winning a proportion of the rollout on offer. Not often we come across an AMI listed company with a market cap of circa £36m being in this highly attractive position! Good luck all."
Some interesting times to look forward to, I feel and a lot more share-holders also, no doubt.
Time-scales are still up-in-the air, somewhat, but you have to be in it, to win it, as the saying goes and I feel we are definitely in with a chance, as I am sure some other share-holders do, also.
Good Luck to all.
LTI.
Good afternoon all,
I notice that multibagger has given a conversion figure of £557 million ( Rs 5517.76 crore ) for the overall tender, posted seperately during yesterday evening, that I had missed earlier.
LTI.
Sorry, my 11:02 post should read:-
...... posted by multibagger on ADVFN, yesterday afternoon.
LTI.
......... posted by multibagger on ADVFN, this morning:-
" Looks like RDSS Tenders are beginning to rollout and may partially explain recent buoyancy in our Cyan share price. This is the first time that I am aware of that the Model Standard Bidding Document ( SBD ) of 428 pages has been used to Tender under the RDSS Scheme ..... the alert I have received is for 4 million smart meters for Rs 5517.76 crores in the state of UP, India Bid closing 03 Sep 2022 EESL as the funding body has asked one of the UP Discoms to issue this Tender and UP being the most populous state in India with over 200m people ( yes that's right ) is likely to need tens of millions of smart meters ...... this is just the beginning !
" Below is an excerpt of the announcement confirming that this is under the RDSS Scheme."
You probably have to be on ADVFN to access the full document.
Thanks to multibagger on ADVFN.
A very interesting development, which we hope will be one of many opportunities to come, in the future.
LTI.