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From the report:-
" CyanConnode provides end-to-end communications modules and platforms that connect smart meters to a utilities billing system. The company is a market leader in India, where the government's Revamped Distribution Sector Scheme ( RDSS ) mandates the procurement of 250m meters by March 2025. 198m RDSS-related meters (222m total ) have already been sanctioned and 88m RDSS-related meters ( 108m total ) have been awarded. We expect these large numbers of sanctioned and awarded meters to lead to significant sub-contracts for CyanConnode over the coming months, supported by its high win-ratio in India of approximately25% by volume. As a result, revenue is expected to grow 61% CAGR 2023-2025, resulting in EBIT multiplying from £2.8m in 2024 to £9.7m in 2025, based on calendar year FactSet consensus estimates. Despite the company's high growth profit potential, shares trade at only 9.5x EV/EBIT for calendar year 2024."
So an encouraging forecast for potential growth I feel, over the next couple of years, with additional potential order growth, also, to add into the mix.
Good Luck all.
LTI.
Hi LTI
Thank you for alerting us to that.
Per Zeus:-
"Worst price performance: CyanConnode (-27%) did not have any new(s?) flow in the month and their shares remained illiquid."
..... has been published on the CyanConnode website:-
http://cyanconnode.com/investors/analyst-research/
LTI.
Say n' more
In a significant move to modernize its power distribution system, the Government of India has initiated the Smart Meter National Program (SMNP), aiming to replace 25 crore conventional electricity meters with prepaid smart meters over the next five years. This ambitious ₹1.5 lakh crore project is set to transform the operational and financial landscape of distribution companies (discoms) across the country.
India will choose the cheapest cost, from a solvent provider. CC are neither.
...... seems to be an electricity distribution network Company:-
http://gridspertise.com
http://gridspertise.com/about
LTI.
........ seems like an energy infrastructure Company:-
http://indigrid.co.in
LTI.
..... provides smart meters and has Tata Power, GMR, IntelliSmart and Adani listed as some of their Clients:-
http://aewinfra.com
http://aewinfra.com/smart-meters/
LTI.
Sorry, Just press " English " at the top of the list, as the report seems to have travelled in Hindi.
LTI.
.......... has been published and updated to include 3 additional companies, which are Allied Engineering Works Pvt Ltd - AEW , Indigrid 2 Limited and Gridspertise India Pvt Ltd.
All are listed as providing a Cellular " Type of Communication Technology."
http://recindia.nic.in/ami-test-demonstration
Good Luck all,
LTI.
Good afternoon Vas,
An interesting report and thank you for the information. It will be a welcome incentive to have the SMNP " ...... early revenue generation .... " business model in place, for all companies that are involved in the various projects.
A good find Vas, I would say.
Thanks again.
LTI.
...... has tweeted concerning CyanConnode's Partnership with Nanhi Kali to educate girls in Gurugram.
http://twitter.com/CyanConnode_Ind/status/1773336473409823202
Well done.
Have a great Easter all.
LTI.
Adani in talks to borrow 600million .....happy Easter all 😊
I fully expect the next Placing very early Q2. It needs doing before the Indian GE, if only to gain support in belief that after the elections the flood gates will open. It's a win win for JC, he's not going to miss this open goal, unlike the one missed in the UK Rollout.
IMO, if the business does start growing, the BoD should explore the possibility of Cyan listing on a market outside of London.
London's extremely poor performance can't be explained away as being part of the normal cycle - it's effed.
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.
Thanks for that ITT, 10p is possibly the right time to increase. When I first came in I had about 20m shares (old money) and PI's had about 70% of company, a lot has changed. I think 50p will come much earlier with good news or we will go t*** up with bad. If we get the 20% of 250m we will do alright. Off to look at my bank balance. DYOR
If you buy now, you're getting a 10% discount to the November 10p raise.
The fact that some of the November in crowd got their shares for 7p plus the 15p warrants thrown in for good measure is by the by. That's life.
Hi tonyj
For Cyan to be EIS qualifying (for November 2023's fundraise), it had to be SEEN as an investment with a serious element of risk, otherwise HMRC would not have signed it off and the 'money' wouldn't have received their 30% tax incentive.
There would have been questions asked by HMRC if suddenly news had started flowing in with orders from here, there and everywhere.
IMO, 'THEY' know/knew exactly when the brakes were going to be let off, which is why the 10p fundraise and 15p warrant giveaways were rushed through. A reasonable amount of time needed to pass before the 'growth' could start happening, otherwise it would look too obvious. It's all being choreographed.
The co can say what it likes - it doesn't really care if the SP goes up or down (probably prefers it to go down) because the volatility helps to emphasise what a risky investment it was, should HMRC take a peek.
It's a game - you've either got to play along or give up.
IMO, you may well get your 50p before May'25 is out.
GL
ITT
All you need to know Tony is bonus time is approaching and the remuneration commitee is sitting. Kerching.
..... was published on 20th March, 2024:-
http://nsgm.gov.in/en/sm-stats-all
There are no specific additions to the Sanctioned and Awarded columns, as we possible already knew, but there has been an additional 521,097 smart meters installed, in various states, bringing the total number of smart meters installed so far, to 1,02,23,455 ( 10,223,455 )
Good Luck all.
LTI.
Possibly strong buy. I am a bit doubtful how this dip in SP has come about, something strange. We all know from previous years that the main emphasis was on Cellular, that is why Cellular was developed by CC. So why has JC scared the willies out of new and existing Holders, by highlighting this. Hope this is not an engineered dip that will suddenly bounce back on news and a lot of shares moved into other hands. As I have said before allowing for a negative 50% increase in share numbers, which I was not impressed with especially how they were handed out, but a positive 5 hold increase from our previous 1m unit order book, I would have thought SP would be 50P. So somebody(s) going to make a killing I feel and of course balance of voting rights moving away from PI's. DYOR
Good morning Vas and all,
Thank you for the recent information from Genus Power Vas, it is appreciated.
I had noticed before, that the CyanConnode RNS's, for IntelliSmart and MonteCarlo, did not mention a specific meter manufacturer for their projects. So it is good to get some clarity on who the meter manufacturer is/might be, for these particular projects.
Thanks again Vas.
Good Luck all.
LTI.
Hi Lti .....hope you well ....gic... .taken a stake in sterlite power and ongoing projects ....