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Lol . I had obviously forgotten about it, but do remember it now. I think i was focussed on the micro caps Milton -Otherwise would not have bothered posting what i did !
Apologies.
Could have been worse is all i can say.
What happened to share price after Milton sale .....Dec 23 .... Milton investment strategy....performance... woeful ...if you do the opposite đ¤Ł
Beat me to it ITT.
https://www.***************************/uk-smaller-companies-investment-opportunities-with-gervais-williams-video/4121134603
Hi Vas
GW did a presentation on 29/11/2023 and this is from the same day i.e. him selling 200,000 shares:-
https://www.lse.co.uk/rns/CYAN/holdings-in-company-9wqrxvof0kacj2k.html
You can't possibly have missed this.
ITT
Hi Jake,
Here is a snap shot of Milton Micro small caps on 15th March 2024 ( last actual NAV date) .
They have Cyan at number two out of their top ten holdings at 3.13%. Pretty Up to date stuff.
https://www.hl.co.uk/shares/shares-search-results/m/miton-uk-microcap-trust-ordinary-shares
Cheers Vas
Hi Jake,
I'm not sure anyone has shown any evidence that Milton small caps sold any CC shares. If they have, i apologise and would like to see it for myself.
All i can tell you is what i find and going by these two Milton small caps investor portfolio composition updates. The fiorst dated 31st Aug 23 .
It states that CC are held at no. three in their top twenty holdings at 3.1 %
https://www.mitonukmicrocaptrust.com/wp-content/uploads/sites/5/2023/10/23.09.2529-Miton-UK-MicroCap-Trust-Presentation.pdf
The second similar document published dated 31st Jan 24 has Cyan held at number two in their top twenty holdings at 3.4 %
https://www.mitonukmicrocaptrust.com/portfolio-information/
13 %
and as of 29/02/2024 Cyan is ranked second out of top ten at 3.13%
Miton UK Microcap Trust plc (LON:MINI) Co-fund manager, Gervais Williams gave interviews relating to Cyan and was "tremendously Upbeat" in December 23 , followed by late Feb 24 , in City wire he was very upbeat about Cyan and also of course two months ago the vox markets interview where he was gain very bullish.
https://videos.voxmarkets.co.uk/video/6957
I agree the percentages do move around slightly but I think we can agree they are pretty solid this past six months and up until end of Feb 24. GL Vas
India will not get close to hitting 250 million installations by 2025 . disjointed ....big players bitten more than they chew......panic... penalties ....cyan are in a very good position ....ahead .. established... proven .....value đ
Morning Vas.
Was that before or after GW dumped the CC stock after talking it up?
Good morning Vas,
I asked this particular question some years ago, during one of the CyanConnode presentations, about what was the target penetration rate for CyanConnode's RF solutions. At the time, it was I seem to remember, between 5%/7%, in India, for electric smart meters.
So I look at the " 25% " as a success rate and an advancement on the original observations of the Company. As I have mentioned before, there is work to do on penetrating the " 75% ", but at the moment I will settle for the 25% we have.
There have been CyanConnode advances over the years since that original projection and also advances in the number of smart meters that have been tendered for and the number of smart meters Awarded to CyanConnode and Partners, has also increased. The CyanConnode Partner base has also got larger and more diverse, over the years.
Also we have the market opportunity of gas and water meters to tender for eventually and the expanding market of heat-pumps, street-lighting, smart cities and EV-charging, also in India and globally.
So what happens in the future, is still yet to be written.
Good Luck Vas,
LTI.
Hi ITT,
I know your not a fan of Gervais Williams of Premier Miton :)
But from his interview just eight weeks ago, with the sp at around 10p he talked about the 25% success rate and what this would mean for Cyan if continued, but finished off by saying that even a 10% win rate from here would translate into a clear winner , and that's just India rollout.
The fall in share price then in February was put down to lack of news, and since then we have had no news ...so news is expected, but peeps getting bored and restless.
You have to admit that the trades are so small, must be PIs , and yesterday just ÂŁ35 k traded or something close. GL Vas
I read JC's statement as him seeing Cyan's 'projected' 25% share of the market evaporating i.e. nothing to do with the 75% that you are referring to.
We're probably heading back to the 5%-7% share that was originally being dreamt about.
Morning LT and All,
Historically Cyan have maintained a 25% market share, and if this continues to be the rule of thumb in terms of wins going forward then its quite obvious really, that there was always going to be a 75% failure rate, where 75% of the available market going to be awarded to the competition.
The reasons for this 75% failure rate could well already be baked in, such a s solution required, include costs , as well as other variables.
Therefore, i think we should re examine our expectations and prepare for some surprises because even if we succeed , we could well lose approx. 75% of the available market.
There is also the chance that we could beat our historic average also.
On the basis that any of the companies were forced into standards compliance in legal tender documents it makes me wonder where this will go. Compliant companies will have spent significant amounts of cash on R and D to make a compliant tender bid. If India are suddenly moving the goalposts I would guess many of these companies will not be happy.
India not only want the lowest price, they want something for nothing as always..... and India will do whatever it takes to get what India wants, including moving the goalposts. Remember we have had everything from lodged bids, investigations into Adani, one of the biggest smart players etc etc, what next I wonder.
Good morning Vas and all,
Thank you for the report on the Wi-SUN & BIS Alliance Vas, it is appreciated. And I agree, that all Companies will/should have to go through the same process, to access BIS/Wi-SUN certification.
But whether all companies will have to comply to this certification, or whether there will be a two tier system for utilities that cannot afford/can afford to pay for the additional " smart " benefits, we will no doubt find that out eventually, I am sure.
But with an approximate 75%/25% split at the moment, with CyanConnode's contribution to the Indian Smart Meter installation programme, it would be interesting to know what specification/solution/price bracket the other " 75% " are working to.
Just a thought.
Good Luck Vas and all.
LTI.
Hi Vas, thanks for this. A really excellent piece of news for CC. Following yesterday's rather deflating newsâespecially for us lifersâ this would be a massive fillip for the hopes of all shareholders. Is this a contemporaneous report from Phil Beecher? If so, there may well be a corresponding and significant rise in the SPâIMHO.
On the back of news that " Wi-SUN FAN Becomes the National Standard for India Smart Meter RF Communication Networks", and Cyan being just one of a few company's in India presently with this certification.
quote
"Phil Beecher, President and CEO of Wi-SUN Alliance. âThis recognition is also a huge growth opportunity for member companies based in India, including Cisco, Renesas, Silicon Labs, Texas Instruments, Exegin, and CyanConnode, as well as those looking to expand into the Indian market.â
We have to take it that all others ( especially our competition) will now need to go though a certification process to access BIs / wi-Sun standards certification .
I imagine that could be one reason for a hold up in awards, but just a guess on my part.
On top of that ( which is excellent news for CC, and should have been RNSd) ...JC has now come out with a paper saying that there has been recently a trend of some AMISPS selecting cheaper, possibly inferior technology, at the risk of long term failure of SLA'S, and possibly extra cost.
Which may be the reason they have now aligned BIS and WI-SUN- so every device is aligned in future.
I think JC should have just concentrated on the excellent news about how Wi-SUN FAN is now the new BIS industry standard, Cyan is involved, and is now adopted by Bureau of Indian Standards which will move everyone involved in the 250 m smart meter rollout AND the development of Smart city's in India under the same umbrella.
"[India Smart Grid Forum] ISGF has been closely associated with Wi-SUN Alliance for over a decade and we complement the ground breaking work done by Phill Beecher and his team at Wi-SUN over the years. Wi-SUNâs field area network (FAN) standard has emerged as the global standard which is adopted by IEEE as IEEE 2857 and by Bureau of Indian Standards as IS:18010(Part4/Sec1). This is a great achievement and in India we should ideally make it mandatory for all smart metering and smart city applications which will ensure interoperability between different systems and reduce total cost of ownership of all applicationsâ said Reji Pillai, President (ISGF), Chairman, Global Smart Energy Federation (GSEF)"