Member Info for Inthetin

I received a recommendation at the end of June 2019, which I did not act on (thankfully). Share price then was just over 7p (price now 2.1p).

I wonder if Cyan are considering something similar:-

https://www.lse.co.uk/rns/ALB/albert-tech-ltd-proposed-cancellation-of-trading-on-aim-xhunopsoy85gvvv.html

Hi LTI

No problem at all. I knew the guesstimated figures were out there, I was just being a bit lazy.

The £7m guess means nothing. The Iran 'deal' was £10m and not a penny was received and now it is written off.

Shareholders will have to wait until May 2020 now to see what revenue Deloitte will allow for 2019, as the BoD don't seem to have a clue what is and what isn't.

Cyan will host an investor conference call at 17:00 on 23 July 2019.

JC and HP will host the call followed by a question and answer session. Investors are invited to submit questions via email ahead of the conference call 17:00 on 22/07/19.

They need to stop wasting everyone's time.

Hi CB

Yep, it appears that £6m in six months is nailed on, according to the BoD.

"India, though, is the key driver and now that the elections are over City broker Arden sees revenues starting to pick up from the middle of this year as the government’s three-year timeline for the introduction of smart meters really starts to kick in. The broker sees CyanConnode's sales rising from £7mln this year to £12mln in 2020 when it expects the company to be at break-even. That compares to the group's current stock market value of £10.4mln - at 5.7p a share - and a valuation that is looking increasingly out of step with the growing commercial story. True, there have been false dawns at CyanConnode before but this time the company can point to a solid and growing order book as well as other good signs.

“We are controlling costs, can see where we are getting revenues from, have different customers and have a next generation product that customers want.”

It might need ANOTHER AND ANOTHER AND ANOTHER AND ANOTHER..........set of numbers to convince the market, but at that point a re-rating might be rapid."

is determined to get out, at any price. Very wise.

Hi tonyj

I don't know, I'm only forwarding on junk that lands in my inbox. However, the company's PR team thought it was worth posting too.

Are you able to help with the company's broker's full year forecasts or, failing that, the external research parties', please?

Come on YJ, you're supposed to lead the way, not roll in 3/4 hour late.

Hi LTI

Well, we know who needs to benefit or it'll be curtains.

By any chance, do you know/remember what the market forecasts for the full year are, please?

What's the betting that the six months total revenues actually come in the wrong side of £1M?

"[1] Market expectations denotes forecasts that have been made by the Company's broker and external research parties."

What are the Company's broker and external research parties' forecasts for the full year?

https://www.livemint.com/industry/energy/india-plans-to-change-all-electricity-meters-to-prepaid-smart-meters-by-2022-1563331480075.html

Do you really believe this is the team that will make a success of things:-

https://cyanconnode.com/about/team/

What is the point in having a 'Press releases' section on a company's website? Is it to show press releases by any chance?

Hi stedon

And is this same DJP loan to be secured on the assets of Cyan, just as risk for DJP diminishes but the cash is not flowing to Cyan in time?

Hi stedon

Is that the DJP loan with an impossible to pay interest rate that was predicted yonks ago?

"CyanConnode reconfirms that it BELIEVES that its UK Smart Metering Implementation Programme ("SMIP") contract with Toshiba will ultimately deliver revenue".

Unbelievable, even for this lot.

"Due to geopolitical factors, which have accelerated in recent weeks the Company has removed from its order pipeline an Iranian order from Micromodje, for a smart metering contract that was announced in February 2016".

Nobody with an ounce of sense ever believed it anyway. I said at the time that not a penny would ever be received and I don't believe it was.

..............is keen to get out of this crock of **** before 'it' hits the fan.

Found one.

“Gibberish”

https://www.telegraph.co.uk/news/2019/07/15/smart-meters-go-welsh-latest-glitch-changes-language-devices/

It seems that I need to increase my guesstimate for turnover from nil - £250K to nil - £400K.

JC (two months ago today)

"Nevertheless, with break-even sometime away and with continued uncertainty around the timing of customer receipts, it is
prudent that the Company continues to explore options to finance its working capital requirements.

R&D tax credit cash refund claim of £0.8 million (2017: £1.4 million) to be submitted to HMRC in May 2019 and expected to be paid in June/July 2019.

In February 2019, the Company announced a follow-on order from L&T for the Madhya Pradesh Paschim Kshetra Vidyut
Vitaran Company Ltd (MPWZ) project, announced in May 2018, worth approximately £0.4 million. The Company is pleased
to report that all hardware for this order was delivered before the end of March 2019.

Trading in the first quarter of 2019 is in line with our expectations and operating costs are below budget. CyanConnode will
enter H2 2019 with a backlog of orders and as a result, 2019 revenues are expected to show further increase over 2018
revenues, with further improvement of the visibility of revenues going forward."

Hi tonyj

About 90% of what I quote comes straight from the the company's Annual Reports.

You can't talk this thing down (or up) - it does what it does, based on results.