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Sandals off, jake.
Colour is not as stupid as you might think.
It only needs a trigger, the first million unit contract from Intellismart, bearing in mind CC is being mainly supplied through India's leading meter manufacturers and if some are done on a licensing agreement there is nothing to stop production going through the roof, churning out millions per month, that's what GoI wants.
As I see it the numbers orders will be there, it is more a matter of CC's involvement, HES, training etc.
You can see why Anil was eager to rejoin CC.
Hopefully we should hear an update on MEA Thailand shortly, being supplied by FORTH a local supplier to them.
DYOR
My guess is that market forecasts for the year ended 31/03/2022 have been missed and the BoD are hoping that the 2022/2023 Q1 figures will get them out of jail if OK and released simultaneously with the 2021/2022 figures.
JC was bullish on 12/01/2022 - what's happened now?
And compliant with Trading Rules of course
Some would use the word " convenience." I would use the word " common sense." Only give out the information that is acceptable to the Client.
LTI.
Come on Colour fill your boots . JC is holding information back and it's going to be 400p :))))) I wish ,I wish I really do, if this reaches 400p anytime soon with no consolidation I will happily worship at Tony's feet..
Sadly the market thinks otherwise.
Nice reply Colour, we have no figures at present, but if we did achieve the current pricing per million and achieved the 20% minimum of the 250m units as has been predicted then I think you will agree 400p is on the cards.
That is just with India, surrounding countries and Thailand could come into play.
As you know I look on the bright side otherwise I would be gone.
DYOR
We have no figures to go on, with this order or 2022 YE.
All I will say is, India love to deal with busy fools. The YE number will show all.
Hello LTI..
I was of the opinion that JC was holding back the update awaiting this type of news.
I think we should be hearing very shortly from him.
Colour, I don't think you can see the writing on the wall. As Intellismart has now given CC half of the Assam order 300k units plus HES etc etc, I see no reason for CC not getting the other half and replicating INDORE. Once news spreads in the Assam area I don't doubt all the surrounding states will be looking at its SLA efficiency, speed of installation and more important very early returns as with INDORE. If Intellismart entrusts CC with the whole works (HES etc) from now on we should see some very good income.
Recap: in recent contracts CC estimated 1m units to be worth £20m income. If CC now gets large contracts, HES, training etc then allowing for possible volume discounts we may achieve the same £20m.
20% of 250m units (may be more) = 50m units X £20m = 1bn. Possibly an early SP of 400p.
That's got you excited Colour, fill your boots, LOL.
DYOR
I think the word we are looking for is"convenience"
I seem to remember that CyanConnode has covered/given reasons for this kind of RNS news release before and their reasons of client confidentiality/CyanConnode confidentiality, during the early stages of any contract award.
LTI.
Muted repsonse is an understatement. With no value attached, yet again, I think the market may have worked out the game.
Hello tonyj,
CyanConnode has over recent years, along with its Partners, been delivering consistant IPv6 projects since 2018/2019, in Indore (2), Rajasthan (2) during 2020, Tamil Nadu, during 2020, Himachal Pradesh during 2021 and now Assam during 2022. The majority of which were outside/before the Empanelment Process.
Which should also tell us something about the CyanConnode and Partners solution/meters.
I also feel that it is the confirmation of a Trading Update Statement/2022 Finals Results, that is the reason for the somewhat muted responce by the Market, today.
But in the meantime, an order confirmation/extention, will surfice nicely.
LTI.
Any ideas why the market continues to ignore?
Could it be the same old reasons?
Will the company ever change?
LTI, the only reasoning I can give is that if a company, as with CC (INDORE), can produce evidence that the y meet the requirement then existing contracts can proceed. The alternative is that they have compressed the process because of time.
DYOR
Good morning tonyj,
In reply to your 08:58 post, l do not know who has passed and who has not. Or who has been allowed to re-apply.
But the Empanelment Process, seems to be progressing, one more than one front.
LTI.
Good morning tonyj,
The Empanelment Process started during March 2022 I believe.
CyanConnode received the first order for Assam during May, 2022. UPPCL is installing a 4-G prepaid smart meter project, slated to start from July 1st, 2022.
BSES is starting a project in Delhi during October, 2022, whereby 5 million smart devices should be installed over a 2.5 year period. ( Inthetin.)
So although the Empanelment Process is still taking place and ongoing, the smart meter projects are also still being awarded.
LTI.
Remember the SLA process has a 180 day window
Difficult to say LTI.
I would think that there have been problems somewhere with Smart Comms, hence SLA test, but I do not think CC has been involved.
You get the feeling that the process has been finished but not made public.
Does that mean, excluding CC as shown with INDORE, that not many have passed.
A puzzle.
DYOR
Personally I'm not reading anything into the RNS re the empanelment process. The order has a contractural background and the technicals would I am assuming have been agreed at that stage. Of course any required upgrades might be requested at a later date, at a cost of course. One could I think agree though that CC would have been at least somewhere close to the required standard.
What does this contract extention for Assam, from IntelliSmart for CyanConnode, tell us about the ongoing Empanelment Process?
LTI.
Good morning tonyj and all,
Yes, some encouraging news concerning the Assam order extention and as you have inferred and I also agree with, we will have to wait and see what, if any, knock-on effect there will be from this contract extention.
But good news I feel.
LTI.
From the RNS today, John Cronin, Executive Chairman of CyanConnode, commented:-
" We are delighted to have received this follow-on order from IntelliSmart, for the project in Assam, which we have been deploying with them. As previously announced, Intellismart is the first Service Provider to use the DBFOOT model and it has also installed the first smart prepaid meter in India under the RDSS ( Revamped Distribution Sector Scheme.)
So excellent progress is being made, concerning the Assam project.
LTI.
Morning LTI.
It Looks like Assam is going to be similar to INDORE which had a quick succession of orders.
As this represents 50% of order I feel that like INDORE the intention is to go total RF which could then rollout to the rest of Assam and possibly surrounding States.
DYOR
From the RNS today:-
Mr. Anil Rawal, MD & CEO of IntelliSmart, commented:-
" As our smart metering project is Assam gains momentum, we are pleased to place more orders in keeping with the LOI to meet the AMI requirements. IntelliSmart remains committed to meeting the milestones and successfully delivering the first RDSS smart meter project in the country."
LTI.
........ extention order for Assam this morning, for 200,000 units is excellent news, and confirms the total running order for the Assam contract at the moment for CyanConnode, at 300,000 units.
I believe the reported initial total number of smart meters awarded to IntelliSmart during November 2021, was 600,000, so a reasonable number of that contract has translated into RF.
Well done to all concerned at CyanConnode and IntelliSmart.
LTI.