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Finishing quietly but it's been a good week.
Enjoy the weekend.
Well ITT, I think that it is a bit more simple than that.
In that part of the world Utilities and Countries are looking for organised energy, modern up to date system that will last, low cost purchases and fast installation, early returns.
When Indore was successful and seen to be they all flocked there, saw a simplified system, quick to install and get up and running compared to other systems. They all consist of qualified engineers but the bottom line is they flog electricity. Their CEO's are probably as much salesmen as engineers and looking for returns.
DYOR
Well, Cyan's 'involvement' in Bangladesh does go back to 2017:-
https://www.lse.co.uk/rns/CYAN/new-10m-purchase-order-extension-in-bangladesh-e2p3gjlhcsq65cv.html
Even though Cyan's 'partnership' with the Ukrainians doesn't appear to have worked out as planned, perhaps the company made a good impression with the Bangladeshis going back to then.
Came across this January item re Bangladesh.
May not necessarily use CC, good possibility but will use RF system.
We have probably already run this but good reminder.
DYOR
https://india.smartcitiescouncil.com/article/bangladesh-adopt-indores-radio-frequency-based-smart-meter-model
Well ITT, Thailand seems to be able to act faster than a lot of countries, it has seen Indore and got into action. I think the further purchase within months brought them up to 250,000 units (I'll check that) and MEA has 4m customers.
I used go on about Mysore which is doing well but Indore's director praising the system, it's quick smooth installation, early returns sold it to a much wider community, which could involve millions at a time.
All this is my enthusiasm but DYOR.
Yesterday's news changed things dramatically.
Now, people could do with going back over the last few years RNS's to refresh their memory on what Cyan was saying back then. The company's 'work in progress' could be quite considerable and ripe for conversion into sales.
£10M (5.5p) has got to be the next step.
Well ITT, I think CC will go a lot higher.. Let's face it the SP was very low to kick off from.
I feel the good will content will take us up to 10p without too much hesitation.
Smart contracts take so long to achieve because of their complexity and Governments.
NOMADS of AIM have strict control over disclosures so CC must be correct in what it says but that does not mean that is not working hard behind the scene. My opinion is CC is about to breakout and is a good buy, strictly only my opinion.
All DYOR.
£6M?
At a value of £10M (5.5p) to £12M (6.5p), the same sort of question gets a little bit harder to answer.
Ignoring today's 50%+, is this company really only worth £6M?
I don't think so.
Itt, you have email.
I can't see there being much resistance between now i.e. a value of £5.7M (3.15p) and a value of £10M (5.5p).
BTW ITT, I don't always agree with your posts, but good call on 3p by Friday (if we hold up! ).
".....CyanConnode's largest deployment covering more than 430,000 Omnimesh-enabled smart meters for a single Indian Utility."
This is quite an endorsement.
Hello Inthetin,
Neither do I. But I do enjoy days like today.
LTI.
4p is still only a company value of £7M.
Nice idea Colour.. Hope you grabbed some.
If this keeps up SP could go back to 13.3, the price when they first 'won' this order.
Just read RNS again, could see 100% rise today. Most bases covered.
DYOR
Well ITT, you could set up Moaners Inc with Colour and pay yourself £500k, you definitely would go broke.
Hi LTI
The difference is I don't get paid £500K pa for my BS.
ITT, I don't often see eye to eye but spot on, enjoy it.
DYOR
Hello Inthetin,
I don't understand why you are wasting your time trawling through various old RNS's. Just enjoy the rise. I am.
LTI.
ITT, get excited but not too carried away, I seem to remember one big industry observer in the past penciling in £500m.
In my opinion that is still doable but some way off, LOL.
DYOR
Hi LTI
I don't understand why are you wasting your time trawling through old posts. Just enjoy the rise.