The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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....... celebrates the feast of Ugadi, or the beginning of the year, in India.
http://twitter.com/CyanConnode_Ind/status/1777578556190589165
I/We wish them all the very best for their New Year celebrations and for the rest of the year.
Good Luck all,
LTI.
Welcoming the New Year with hope and joy as we celebrate #GudiPadwa, #Ugadi, #ChetiChand and onset of #ChaitraNavratri. May these auspicious occasions mark the beginning of prosperity, happiness, and success for all. CyanConnode wishes everyone a vibrant and prosperous year ahead!
Well done to all concerned : ))
Hi Colour. No as yet nothing. There is not one thing in my email that JC cannot answer as its based solely around his comment he put in the public domain. In my view he needs to clear it up. I have to say I'm not expecting a response but let's see.
'I am encouraged that the Company had the confidence to make this public.'
I assume you have forgotten how this information was released LTI. It is clearly a known fact, and it has affected the Share Price. Both demand official News Release from the company so ALL will be able to see it. JC's schoolboy attempt to slide it on Linkdin, using CyanConnode India account, is pathetic.
I assume you had no response Jake?
Good afternoon all,
The main winner from what I can make out is Himachal Pradesh which had 9,19,092 ( 919,092 ) smart meters Awarded so far this month, from a total of 28,00,945 ( 2,800,945 ) that have already been Sanctioned.
Well done Himachal Pradesh.
The total number Sanctioned remains the same, at 22,22,64,571 ( 222,264,571 ). The total number Awarded goes up to 11,02,59,425 ( 110,259,425 ) and the total number of smart meters installed goes up to 1,04,60,295 ( 10,460,295 ).
Good Luck all.
LTI.
Hi jakeandelwood
That's why I posted the following on 27/03/2024:-
The BoD have a duty of care. Failure to uphold the duty of care may result in legal action by shareholders or clients.
Along with the duty of care, the other main fiduciary duty is the duty of loyalty; the duty of loyalty seeks to prevent directors from acting against the best interests of the company.
My trust in the BoD is at 0%. I hope that I'm wrong.
GL
ITT
...... has been published and updated as of 3rd April, 2024:-
http://nsgm.gov.in/en/sm-stats-all
LTI.
Hi ITT, LTI.
Most CEOs would not allow the SP to drift as has happened with CC on many occasions over the years. It's the responsibiity of any well paid CEO to manage and deliver the best outcome for all shareholders, not sit on their hands and do nothing. That includes updating the market where possible, promoting the company where not possible.I accept however some things are out of his control.
Besides the many appeareances by JC and his video interviews, often prior to a cash call, when is he visible? Frankly the silence is appalling, particularly after his last promise to keep shareholders updated.
LTI, If this is just JCs opinion and nothing evidenced by research he needs to clarify his point. Failing to do so will only lead to conspiracy theories, losing the trust of the market and potential investment from new investors, so yes, given the statement he made, the affect on the share price since he released it and the current information or lack of, regarding his statement, yes I do believe he was naive. Perhaps it was his Gerald Ratner moment. Either way he needs to clear it up. I am very much looking forward to the next piece of significant news though.
Thank you both for the update/latest news from DGVCL, it is appreciated.
LTI.
I disagree with your point about " ..... naievity ..... " As a share-holder I am now aware, through this report, more of what is involved and what CyanConnode are still battling with. I am encouraged that the Company had the confidence to make this public.
Not naievity at all. But a good understanding of the smart meter business that CyanConnode are in and have been for a number of years. In my opinion. Others may see it differently.
And there are a few on this bb, that do see it differently. As I find out, quite regularly.
LTI.
Hi jakeandelwood
I'm assuming that when people are saying 'lack of news', they are actually meaning a dearth of new contracts?
GL
ITT
Thanks LTI. I agree lack of news is probably part of the issue. I do however believe the naievity shown by the CEO to make the sort of statement I highlighted is exceptionally poor, particularly if it turns out to be his own opinion.
Strong buy but that depends on next 2 quarters as I see it. My opinion is that JC, rightly so, is hedging his bets, before the mud slinging if all does not work out. Right at the beginning India was appointing companies who were not even in the industry, probably thinking as Colour said, the 'villages' only wanted a light bulb. Low and behold they have seen the world on the Internet and want things like IoT. Everything had to be rethought, along comes new finance ideas but these Finance Houses, being money mad, are looking short term so it all starts again. This is where CC India starts doing PR in the right places, they've got enough staff. Set concerns in minds, what if after 5 years or so the system starts to fail and has to start all over again, happened before. CC is fast installation, reliable, excellent SLA, supplyimg prestigious Genus and Intellismart. CC system secures India's future expansion. DYOR
Good morning,
I have given my opinion on the report released on 15/03/2024, over the last three weeks or so and concentrated my replies on the overall report, while not forensically analyzing 4 specific lines in isolation, as has been happening on this particular bb.
As well as providing the original script, I also provided some comments of my own, much to the disapproval of some on this bb, it would seem.
But I did answer the particular question that you asked, to my satisfaction, over the last 3 weeks. But I won't repeat it as it may upset the neighbours.
But there are always politics involved in contract negotiations. I doubt the smart meter tenders/contracts are any different. So as far as I am concerned, as an investor, it was good to be made aware of this particular report. In my opinion.
I think this report is very honest in its content. It sets out the pros and cons of two paticular solutions, those being GPRS and RF and also highlights that " ..... not all RF solutions are created equal. The success of such projects hinges not just on the technology itself, but on the quality and reliability of the implementation."
To finish off, I do not believe this report is responsible for the share price drop. Others may have a different opinion. Lack of news has definitely come into play. Share-holders move their money around at this time of year, for different reasons, or take their money/profits out, for deposites for holidays, or other such requirements.
This may help, it may not.
LTI.
Morning Gizmo.
Yes, Cyan employee's working in Surat for DGVCL.
Here is a Field Engineer who has been working in Surat for past three months.
Field Engineer
CyanConnode pvt. Ltd.
Feb 2024 - Present 3 months
Surat, Gujarat, India
I work Gateway Installation and smart meter communication and not communication report of DGVCL Smart Metering project
https://in.linkedin.com/in/avanish-kumar-yadav-b453782b8
Hi vascular hope your well ....Surat ..first one under scheme
Morning LTI. What are your views regarding JCs comment? "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced"
Do you believe this has been the cause of the continuing drop in SP?
Good morning tonyj and all,
I can guess who the poster at 08:12 this morning, is referring to, from the terminology used, but I wonder who they think the other one is? And using their hard-done-by angle, never looks good, in my opinion.
If you ask questions, you should be prepared to accept replies. Obviously that is not the case on this bb, with some posters.
Take care tonyj and watch out for the scammers.
LTI.
Any Bed and ISA'ing going on?
I don't think so. Thanks to JC's comment, everyone is underwater and can't stomach crystalising their losses to do it.
Hi tonyj
There is definitely a great opportunity in India for Cyan - that's why most of us are here.
If Cyan wins a significant contract, I would like to see the news reported in a UK newspaper (or two), Investor's Chronicle, Shares Magazine etc and not just in some Indian rag mag. Is that too much to ask?
When was the last time, Cyan got a mention in the Investor's Chronicle? I'll tell you, it was years & years ago.
GL
ITT
Hi ITT. Tried once before but never had the courtesy of a response. At the end of the day it's my hard earned cash that's invested so would expect an answer to a simple yes or no question, that's not commercially sensitive and can be in the public domain. Let's see.
Hi jakeandelwood
Funny you say that re US spelling because I thought the same.
Thanks for writing to the company.
Morning ITT.
On a tangent how about consolidation? Has happened before.
I have again had a look today and can find nothing to support JCs comment "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced" You would have thought at the very least something would have been in the many research documents, it's not something that has just popped up overnight. Interestingly the word prioritizing is the US spelling, has JC just copied and pasted something from someone else's article relating to another part of the world and added to his India article?
I wait with bated breath a response from the company to see this cleared up.
Morning ITT. Yes I would like to know the bottom line on JC's comment. I think that once these new contracts are issued, assuming we are still possibly getting at least 20% of market, the SP will bounce. Clarity has always been saught with secrecy being the counter argument. At least in coming months we will hopefully know our destiny. There is a lot of work out there so still very good possibilities. DYOR
Hi tonyj
I'm not getting excited - far from it.
It's frustrating being a Cyan shareholder on here, attempting to make valid points now and again, only to be drowned out by a couple of long-term scammers (who I don't believe hold a single share between them).