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Hi jake.. AIM is there as a gamble but I feel CC is about to pay big time.
The video said a lot to me, the fact that the 31/12 £1M cash in hand rose to £1.5m in 2 weeks and £5m income is imminent. JC pointed told that Anil had rejoined our flock, I thought Colour said he was going to do so much with Wirepas, obviously changed his mind, less opposition for us. Anil's virtical set up will cost but he is a good Salesman and we should get a chunk of the 35m unit tenders.
DYOR
Morning Tony. You are right ,try and guess the peak ( and watch past history regards the SP) lol. For me trading wise CC is the gift that keeps on giving, hence my only Aim gamble.
Hi jake.. I do not think there is anything sinister when CC drops, it's useful to get a feeling when the crest is reached , the problem is it does not tumble down the other side, basically India drags its admin so long that onlookers loose interest until next surge (RNS); as bigger results come along I think you will get jumps like 50p and larger slides but as long as it continues up that is what matters. DYOR
Hi Tony. Read the June RNS closely and then read through the directors report. Compare the two and DYOR. I've drawn my conclusion so let's wait and see.
What are your thoughts on the consistent drop in the share price when taking into consideration the directors talk? I have my theories.
We estimate IntelliSmart has in excess of ca.10 million smart meters still to deploy from existing contracts, of which up to 3 million may require CyanConnode’s RF mesh connectivity to meet service level agreements (SLAs).
And from this you state ' I think Hardman said Intellismart had installed 3m units which CC were going to help improve for them.'
What an absolute Mug you are.
Hello jake, bemused??. I cannot see why, Heather laid it out, said we were having to buy in advance for cash but JC said we have £1.5m in bank as opposed to £1m Y/E and £5m due in month(s).
Unlike cars etc I am not sure just how much silicone is required for Omni but hopefully say £3m out of above will cover it.
Just await the next RNS.
DYOR
Now Colour do your homework.
https://www.hardmanandco.com/research/corporate-research/major-announcement-in-india-with-intellismart/
Hi ITT. Like you I am quite bemused. One thought occurs having read Heather's input.
" We've continued to have to mitigate against the continued component shortages and we have to order, in many cases, we have to order months in advance of the requirements, due to the lead times. In certain cases we are having to source components from alternative suppliers and then the disadvantage of this, is that we have to pay up-front, rather than having 30 to 60 days payment terms."
My gut feeling, and it's just that. Alternative suppliers will of course more expensive (supply and demand and no loyalty to CC) and as Heather has said require up front payment. Perhaps a further cash call similar to the last one? Just above current share price which CC will try and sell as positive, disregarding the recent highs. Perhaps they didn't think they could get a raise away above the recent highs which would be seen as negative?
From the 3rd June 2021 RNS .
"Despite seeing a worldwide shortage of semiconductors, CyanConnode has taken steps to mitigate such shortages by purchasing components from alternative suppliers. However, in some cases it has become necessary to make advance payments to secure the supply of semiconductors used in the module manufacturing process."
I was making the assumption the cash raised was to fund those purchases,it clearly says CC have "taken steps to mitigate such shortages by purchasing components from alternative suppliers" if that was not the case any new fund raising would be for future purchases to fulfil new orders.
Maybe I'm just overthinking things, I think the next RNS will be very interesting one way or the other.
Hello tonyj,
It is good to know that CyanConnode were/are financially able to move from the Letters of Credit ( 30 to 60 days ) to a more " up-front " business model, for new suppliers, because of the semi-conductor/component shortages. Which as I understand from the Directors Talk presentation, are for components being purchased for potential/furure orders.
From part of Heathers contribution to the presentation:-
" We've continued to have to mitigate against the continued component shortages and we have to order, in many cases, we have to order months in advance of the requirements, due to the lead times. In certain cases we are having to source components from alternative suppliers and then the disadvantage of this, is that we have to pay up-front, rather than having 30 to 60 days payment terms."
So negotiating the difficulties of a difficult situation.
LTI.
To me, it smacks of a deliberate dampening of shareholders expectations/enthusiasm, for whatever reason that might be.
' I think Hardman said Intellismart had installed 3m units which CC were going to help improve for them.'
This has been asked before tonyj. Post the link, or just paste the text confirming this. You need to back this up.
Sorry ITT.. I missed the 10m units installed, are they Smart or lesser meters. I think Hardman said Intellismart had installed 3m units which CC were going to help improve for them.
Anil coming back into CC picture means concentration can now focus on CC RF/ Cellular. I would think that would stay off or curtail the opposition. 2022 should be a good year for CC.
DYOR but bear all prospects in mind.
Hi tonyj
What do you make of the 7.5% to 15% Cyan share that JC referred to?
If Cyan is responsible for 10% (1M units) of Indian installations to date, that means that others have installed 9M. Who are the others?
ITT
Just listen to interview a couple more times. Short but very informative.
To me it says JC/CC has been laying the ground work during 2021.
I would think even the upside that JC gave will improve greatly.
Money has obviously been eaten up to obtain more chips but the £1m in hand has grown to £1.5m this month with £5m to arrive near term.
As soon as these volume orders are published I see no reason for not going to 50p>75p in anticipation of further state and private orders arriving. All my own thoughts.
DYOR
Good morning, homebrewruss,
Thank you for the direct link It is appreciated and a very interesting interview it was, too.
Thanks again.
LTI.
Direct link to the vimeo interview here: https://vimeo.com/666723947
If I heard correctly:
Note.. £1.5m approx in bank and £5m due in coming month(s).
35m modules out for tender in India so should get a slice.
DYOR
Good morning tonyj,
You are welcome. I do not think these Directors Talk Interviews travel very well. They seem to put a " digital blocker " on them, somehow, so I added the more direct route, as the web address did not link.
Yes, interesting that Anil got a mention and also the 35 million smart meters being tendered at the moment, if I heard it correctly.
And because of the semi-conductor shortage, CyanConnode are operating under different purchasing agreements, to get over the problem.
But 2022/2023 looks very encouraging.
LTI.
https://*************.net/cyanconnode-discuss-record-results-financial-projection-and-priorities-in-2022-interview
Thanks LTI.. Looks very interesting, especially Anil back in picture.
DYOR
Good morning all.
There is difficulty in accessing the interview via the web address, just type-in:-
Directors Talk Interviews - CyanConnode - and you should be able to gain access.
LTI.
....... with John Cronin and Heather Pea**** discussing the recent Trading Update.
https://www.***************************/cyanconnode-discuss-record-results,-financial-projection-and-priorities-in-2022-interview/4121044586
Interesting interview, as always.
LTI.