Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Interesting observations, my take is that we have had these ups and downs so many times in the past that it will take some budging to get SP moving. JC is showing a lot of confidence and bearing in mind his responsibilities as CEO I feel there is good news to follow shortly. Money comes into everything but I think CC has proved itself regarding quality, installation and SLA. I would like an update on MYSORE (yes Colour); their Utility CFO was very supportive in his praises, I don't know if LTI could possibly rake that out, they were making money from the word go. I would be good if JC could make an whole documentary on how the installation has fared, how Feeders have dealt with the new setup, how expansion has progressed, reliability, Utilities profts and what Utility thinks of show so far. That could go a long way to convincing stragglers of CC benefits. DYOR
Wonder if Mr very upbeat has bought his shares back yet?
It can only be the falling margins. Hitting revenue expectations won't cut it with the huge overheads now in place.
It feels like the SP is being held back for whatever reason, I bought a lot of shares a week or so ago and the SP didn't budge
What might revenue materially exceeding market expectations look like?
Current expectation = £16.3m
Exceed by 3% = £16.8m
Exceed by 10% = £17.9m
What is going on here? Why is the SP still less than 9p?
Yesterday's RNS should definitely have been a trigger for a rise but others appear to know something that JC has not yet told the market. How is that right?
How to create a mosquito heaven ....mosquito .. camel ....mers....
Looks like someone overdid it. They were not going to let a few clouds go by.
It's a bit of rain made worse by cloud seeding and lack of proper drainage. Everything will be fine.
Good morning all,
It looks as though there has been some disruption to the Middle East Energy 2024 Exhibition. A quite severe down-pour from the reports.
We hope all is well for those that tried to attend.
LTI
...... Dubai flooding: Fierce storm lashes United Arab Emirate as flights diverted.
http://twitter.com/meeenergydubai/status/1780459634077122695
http://bbc.co.uk/news/world-middle-east-68831408
LTI.
I expect CC have been given some sort of encouragement to set up there but regardless, I view this as a very positive move and a necessary one if they are serious about doing business in that region
And Esyasoft is based in the UAE !
I thought it interesting that Cyan are in the process of forming n entity in UAE.
Together with last Fridays news that Adanai and Esyasoft have shareholder approval for a joint venture where Adanai to take 49% and Esyasoft to take 51% in "Adani Esyasoft Smart Solutions".
ttps://www.business-standard.com/markets/capital-market-news/adani-ent-arm-to-acquire-49-stake-in-adani-esyasoft-smart-solutions-124041300386_1.html
Is it just coincidence that Cyan are partnering with both Adani and Esyasoft in India and possibly the MENA regions.
Weather issues ????
Today, we have made the incredibly difficult decision to cancel Middle East Energy 2024 in its entirety. Please check the website for a full statement later today. Visitors, exhibitors and contractors should not make their way to the venue at this time.
I'm guessing team CC have been there all week anyway.
Thanks LT,
I think this is one of the best days we have had on here for some time, and i do not mean the sp reaction - but just in confidence shown in meeting and exceeding forecasts going forward.
Makes me more confident that Cyan's major partners remain, and will play a big part of Cyans growth.
GL LT and thanks.
Good morning Vas,
I believe your interpretation is correct. Only 20% to go, to hopefully meet next years forecast. As long as the Omnimesh modules are installed and invoiced, of course.
But they seem pretty confident.
LTI.
We are informed today "FY24 marked another exceptional period for CyanConnode in terms of our strategic footprint and revenue, and I'm delighted to announce that we expect revenue to materially exceed market expectations."
So we are told that the forecast of FY24E of £16.3 million will be materially exceeded.
and
For FY25E with a forecast revenue of £34.5 million "will cover approximately 80% of FY25 revenue expectations, from FY24 backlog ".
Am I correct in thinking that CC just need another 20% of new business / revenue this year to meet the £34.5 FY25 forecast, and therefore with the awards we hope will come from India ( such as Yesterdays) alone this year, this number should be smashed.
Also from the Zeus report:-
" New office: Due to rising commercial prospects, CyanConnode announced that it is in the process of establishing an entity in the United Arab Emirates to promote business in the Middle East and North Africa region."
CyanConnnode could be looking at " Post India " planning, even at this stage.
Very interesting indeed.
LTI.
From the Zeus report:-
" New order: Yesterday CyanConnode announced it had received its fifth order of 265k Omnimesh Modules under its Framework Agreement with IntelliSmart. The minimum 3m unit framework agreement was signed in February 2023. We estimate 2.0m units have been ordered to date, leaving at least 1.0m orders, some of which may further support FY25 revenues."
I note " The minimum 3m unit framework agreement ....... ". Maybe it is possible that this particular Strategic Framework Agreement, can be extended at some time in the future.
Interesting.
LTI.
Maybe the best statement would be some decent Director buys, not at a discount in the midst of a fundraise, but at the same prices us lot have to pay
..... ahead report, is on the CyanConnode website:-
http://cyanconnode.com/investors/analyst-research/
LTI.
Morning all, very good update, perhaps JC will cover any questions raised here in his video. I expected a jump to say 15p, perhaps later today. The buy/sell gap earlier on got very tight, I think on info and backlog SP should be approaching 40p, is it that due to a lot of shares being long term holds that dealers are lacking enough Churn. We are not yet on Funds monthly order book, if that changed I feel we would be away. DYOR
Good morning Vas and l agree. There are some significant positives within the Trading Update, depending how they are interpreted.
But good news I feel.
Good Luck.
LTI.
The issue of the raise should be answered by one thing: Is the significant rise in revenue arriving in the form of cold, hard, cash……or not?
My impression has been that the squeeze on the company’s liquidity was at its greatest a year or so ago, when directors made loans.