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...... an introduction to Middle East Energy:-
" Middle East Energy, inaugurated in 1976, is an event hosted by the UAE Ministry of Energy and based in Dubai. Middle East Energy is the international trade event for the power industry, covering the generaion, transmission and distribution of electricity, storage & management of energy and the lighting industry."
So a significant event, I would suggest, to be held at the Dubai World Trade Centre, in the United Arab Emerates. It will be interesting to see if any new Partners for CyanConnode eventually progress from this presentation.
LTI.
...... where John Cronin will be presenting at the Middle East Energy Leadership Summit on Wednesday, 17th April, 2024.
http://polaris.brighterir.com/public/cyan/news/rns/story/w1k0v9x
About the Leadership Summit:
" The Leadership Summit at Middle East Energy is the only high-level forum in Dubai exclusively for senior decision makers in the energy and utilities sector, from the Middle East and African Nations.
" The participants & audience include Ministers & Private Companies besides thought leaders, academia who are developing and implementing strategies to successfully facilitate the energy transition and steering energy efficiency projects while ensuring adequate energy generation to meet future needs."
It is good to see that CyanConnode are getting involved with the developing regions of the Middle East and African Nations, at such a high level.
Well done.
Good Luck all.
LTI.
Suggests he might find a region that thinks they understand WTF he is on about.
Share options anyone?
Surely it's time for Mr Tremendously Upbeat to be wheeled out again. Tomorrow morning?
Fact is it was the CEO that started the rumours.
It was a deliberate act, and we will find out why in the YE report.
Hi Tony.
Personally I think JCs daft comment has had more of an effect than even the lack of news. Combined both have helped drop the SP almost 30% unfortunately. Once again a case of receive and think before transmitting. There is history here of course with the occasional foot in mouth faux pas ,but I think a more proactive CEO would have acted to quell any rumours. He hasn't.
I think you are right there LTI. Apart from the much spoken about JC comment nothing else of importance has surfaced. That is where PR comes in, brains have to be occupied; no comment then pesimistic thoughts come into play. Had it all before, then something comes along and pat on the backs all round. Trouble is until that point it is down, down, down. So one wonders, is it a game, drop 50% then up. DYOR
Good afternoon Vas and 2dopey,
Thank you both for the links and thanks 2dopey for the Richard Penny report.
Richard's view point about the Indian market not being fully recognised in the CyanConnode share-price and about the " ..... smart meters already awarded to prime bidders and these order should soon filter down to competitively well-position sub-contractors such as CyanConnode " was reiterated in the latest Zeus report, on 2nd April, 2024, which commented - " We expect these large numbers of Sactioned and Awarded meters to lead to significant sub-contracts for CyanConnode over the coming quarters, supported by its high win ratio in India of approximately 25% by volume."
So increased positive news-flow, should stimulate CyanConnode's share price. The lack of news-flow is the key, in my opinion.
Thank you both for the links.
LTI.
Here's what is said:
"Indian opportunity not reflected in Cyanconnode shares, says Crux
Internet of things network provider Cyanconnode (CYAN) has a foothold in the Indian market that will provide ‘strong growth prospects’, says Crux Asset Management’s Richard Penny.
The company is the seventh-largest holding in Penny’s £6m minnow TM Crux UK Special Situations fund, where it makes up 4.3% of assets.
The share price fell in the fourth quarter ‘after raising capital to support additional investment in the rollout of smart meters in India’.
‘The Indian smart metering programme, backed by significant government funding, appears to be on track with c.100m smart meters already awarded to prime bidders and these orders should soon filter down to competitively well-positioned subcontractors such as CyanConnode,’ said Penny.
He added that the opportunity in the Indian market, which could see 250m smart meters rolled out, is offering ‘strong growth prospects for the company’ which are not ‘not reflected in the current valuation’.
Shares in the AIM-listed company retreated 1.5% to 8.08p on Tuesday.
Article ends...
City view had a publication out yesterday with analyst and fund manager commentary on shares., including Cyanconnode, but you have to subscribe, Anyone ?
https://citywire.com/funds-insider/news/expert-view-imperial-brands-accrol-cyanconnode-johnson-matthey-impax-am/a2440014
No idea what is going on, but all I know is that there were approx. 1.25 m shares sold a few days ago and today seems to be a mixture of buys and sells but all much larger trades than we have had here for many weeks .
Its Thursday, its nearly 2pm and its been a long time since have heard anything - so maybe today is the day we get some direction. GL Vas
Interesting comments on board ....few awards upcoming this week ...strange spooked share movement ...maybe cyan needs a new partner entrance point ......
Good morning all,
Some canny buyers/investors, getting in at sub 8p. A good investment, I feel.
Good Luck all.
LTI.
Hi jakeandelwood
They can do what they like and we'll all have to suck it up. Heigh-ho.
ITT
Unfortunately talk is cheap when it comes to the manner in which this company treats shareholders regarding updates ITT. The SP was 7% down at open now about 3% down. I fear somethings gojng on in the background, hence the lack of the usual message " we see no reason for the drop in share price" or whatever the phrase is. I am only assuming that the silence indicates the opposite and something is going on we are not privy to.
Interestingly someone on the other board suggests them going private.
Another 7% down? Something certainly does not seem right. The silence from the CEO is deafening ....... where is he?
Evening all, I don.t think things are that bad as not much is being heard all over, at least hope not. To me poor reporting started when we got an arrangement with Genus and our nuif mbers graph of production and delivery to Genus stopped. We then got a Framework with Intellismart, delivering but with no knowledge of allocation. Both of these in small monthly allotments to Genus, and contract take ups via Intellismart if being itemised would, to my mind, have slowly edged the SP up, being a visual advancement. Instead whilst all is going along smoothly, we have no further statements from either camp. No news creates a lot of talk and a drop. Both contracts were excellent but to onlookers without deeper knowledge it probably just appeared as moans. DYOR
Hi jakeandelwood
Number 2 in their own statement of Compliance with the QCA Corporate Governance Code:-
"The Group seeks regular dialogue with both existing and potential new shareholders, ensuring our strategy, business model and performance are clearly understood as well as to understand the needs and expectations of shareholders."
These aren't just things put in to fill the various pages of the company's website - or am I being naive?
GL
ITT
Hi ITT.
I did suggest in my email that under the circumstances and the fact there was a promise to keep shareholders updated ,which has in recent times been particularly poor,maybe something around our CEOs thoughts and context would be appreciated.
I still believe that should happen.
The SP hasn't finished the day this low for 3 years.
How bad are JC & HP going to let this get before commenting?
Giving shareholders the silent treatment is no way to behave. They are directors 'running' a public company and have an obligation to keep shareholders up to date with what is going on (good or bad). As they know that they can't hide behind the parapet forever, they might as well come out and comment, sooner rather later.
Thanks for the info jake. As ITT says, it appears a proper moan based reaction to what is clearly going on now. Gross % margin is collapsing year on year, and with the recent high additional costs the Net figure will almost certainly look ugly as hell. JC will have seen this figure around the time he started this weird attempt to 'spark a dialogue'. This company has gone through some very odd phases, always led by the company itself. This one I feel takes some beating, but I'm sure they will manage it.
Good morning all,
I remember some years ago, there was a discussion much like the one that has been discussed on this bb over the last 3 weeks or so, that I decided to contact the Company over and relay that reply to the bb. So far, so good.
When I replied back to the bb, the response from one poster in particular, was that I was a liar and that I had not received an e/mail from the Company at all. It is good to see that the e/mail information received today, has not had any similar comment's.
Good Luck all.
LTI.
Morning jake, I think we have already picked up the pieces once, hence our more intimate association in Intellismart. I think JC will be more thoughtful of content but it possibly didn't help having all these BB discussions, highlighting it. We will not know at present but perhaps CC India is having to consider margins. Once we are underway there could possibly be room for trimming.
Hi jakeandelwood
As we know, all parties, have supposedly been collaboratively working on this 'project' for years. The model and how it is to be financed will have been discussed over and over during this time. If JC has been led down the garden path (misunderstood the model), that's now our look out.
Let's have a trading update for Q/E 31/03/2024 and a brief statement from JC without any clangers in it.