Member Info for Longterminvstor

...... includes :-

IntelliSmart, Adani Enterprises, Adani Transmission, EDF India, Larsen&Toubro, Secure Meters, HPL Electric, Fluentgrid, Genus Power Infrastructure, Genus Power Solutions, Tata Power, Iskraemeco and many others.

Some we may already be aware of, having a connection in one way or another, to CyanConnode.

LTI.

....... Oooops, try:-

https://recindia.nic.in/ami-test-demonstration

If that does not work, type-in:-

AMI Test Demonstration - REC Limited - and you should be able to access the information.

LTI.

....... posted by multibagger this morning, on ADVFN.

http://recindia.nic.in/ami-test-demonstaration

LTI.

Hello tonyj,

I notice that Adani are on the " End Customers " list included in the AGM Presentation during September 2022, on page 8, along with other companies on the" End Customers " list and including other " Partners " that include Prime Contractors, System Integrators and Meter OEMs.

http://cyanconnode.com/wp-content/uploads/2022/09/CyanConnode-Investor-Pres-FY22-results.pdf

Could be very interesting times ahead, I feel. As I am sure do others, also.

LTI.

Good morning tonyj,

An excellent find tonyj and it will be interesting to find out the outcome, in due course.

LTI.

Hello tonyj,

Sorry, missed a bit earlier. I agree, that India does seem as though it is, at last, making advancess with the smart meter initiatives, in many areas.

Enjoy your weekend.

LTI.

............ has tweeted:-

" Yet another milestone achieved by @CyanConnode to support #SmartMetering deployment and will help deployment in Rural, Semi-urban, Hilly and Sparse terrains."

http://twitter.com/rgarapati/status/1583422291714928641

Well done to all concerned, who carried out the testing on the Omnimesh solutions.

LTI.

...... has tweeted some details on testing the Omnimesh infrastructure solution in Shimla and Himachal Pradesh.

http://twitter.com/CyanConnode_Ind/status/1583385751840264192

An excellent confirmation of the range that can be achieved by CyanConnodes Omnimesh solutions and products.

LTI.

Good afternoon tonyj,

I mentioned on Tuesday that I thought the " top-up " from an " existing shareholder " was a confident move. And John Cronin also mentioned in the RNS on 18th October, 2022, concerning this transaction, that he " ..... was delighted to be approached by an existing shareholder who wanted to make a further investment into CyanConnode."

But taking everything into account, it would seem it was a good move for everyone concerned. Both the existing investor and CyanConnode.

At least I think so.

LTI.

....... has tweeted:-

" #We AreHiring!!!

" @CyanConnode India is looking for dynamic team players to strengthen their on-ground teams at states. We are currently #hiring ' Site Managers ' for #Assam & #Bihar."

http://twitter.com/CyanConnode_Ind/status/1582645138903674880

It is good to know that these two fairly new contracts in Assam and Bihar, are requiring Site Managers already. Progress is being made.

LTI.

Sorry, should read " ..... ( post-paid category ) ..... .

LTI.

Good morning Inthetin and all,

Certainly, as we have been informed, we have a contract with Genus for a substantial order for smart meters to be deployed in Bihar, over the next couple of years.

But in the report that you posted, it states that:- " According to a presentation made at a two-day brain-storming session of state power ministers at Udaipur last week, Bihar has taken the lead by achieving 92% penetration of pre-paid smart meters."

So by this comment, I take it that the contract they are talking about has been completed or is ongoing.

There are also some installation figures for other states later in the report.

" Though Bihar leads in penetration of pre-paid meters, UP has installed the highest number of smart meters ( post-paid category at more than 11.5 lakh. Bihar is a close second with 11 lakh smart meters installed, Rajasthan 5.5 lakh, Haryana 5.3 lakh, Assam 4.1 lakh and Delhi 2.5 lakh."

So whatever solution they are using/have been using, it is getting some positive results.

But all interesting information.

LTI.

It seems good to me, Inthetin. Whatever solution they are using.

Thanks for the information.

LTI.

Good evening all,

A very good days trading today, I feel, on what was a day without any order confirmation. Just a confident investor, in my opinion.

Followed by some good, steady trading through to mid-afternoon, by like-minded investors.

Onward and eventually, more of the same.

LTI.

Good morning all,

An excellent investment, in my opinion. And a nice top-up from an existing investor.

LTI.

...... " Investment summary."

" The flow of contracts from India is accelerating, as reflected in the backlog of 1.6m units. There is scope for significant news flow on this front over the coming months. These are complex contracts and require the company to scale up rapidly, which it is doing seamlessly against a challenging supply chain backdrop. Our DCF-implied fair equity value for CyanConnode is £63.7m ( £0.27 per share ) vs the current market capitalisation of £26.7m."

LTI.

Good afternoon tonyj,

It is not up to me to say whether or not you have " ..... got it totally wrong .... " as you put it. I am just putting forward my view on what has been written by Hardman. If you have an alternative view, that is your choice.

Hardman have stated that this new Contracting Framework, will " .... result in a shift in profile of Indian revenue recognition for CyanConnode, which is reflected in our estimates for FY23 and beyond."

I posted some other observations at 09:34 and 09:51 this morning, on the Hardman - 3rd October 2022 report, on CyanConnode.

This change in revenue recognition means, as I understand it, that revenues will be spread over the duration of the contract and will not be " front loaded." Or as the Hardman report put it, " At the same time, the emphasis has shifted away from the relative unpredictability of payments triggered by implementation milestones being achieved by partners, to regular periodic payments made on a contractual basis."

But the two contracts that you have mentioned, Assam - May and June 2022 and Genus Power - August 2022, came before the confirmation of the implementation of the New Contracting Framework in India, during October 2022. So maybe these contracts will not be affected by the new payment system.

LTI.

.... also from the Hardman & Co 3rd October report:-

" Revenue flows are less upfront weighted."

" Alongside the growing involvement of infrastructure funds and other external sources of funding, the mandated contractural structure is now far more weighted towards payments over time, rather than upfront payments. At the same time, the emphasis has shifted away from the relative unpredictability of payments triggered by implementation of milestones being achieved by partners to regular periodic payments made on a contractural basis.

" These newer contract terms do result in a shift in the profile of Indian revenue recognition for CyanConnode, which is reflected in our estimates for FY23 and beyond. The previous revenue forecast had a larger upfront recognition component, whereas the new Equal Monthly Instalments model spreads more revenue over the life of the contract: total contract values remain essentially intact. The benefits of the arrangements is greater predictability of payments and a higher proportion of recurring revenue associated with each contract."

LTI.

....... and also mentioned in the Hardman October 2022 report published yesterday.

Good morning tonyj,

I was thinking more generally going forward, with the introduction of the new Contracting Framework, rather than any separate arrangement that CyanConnode might have with an individual meter manufacturer, prior to the Contracting Framework being implemented.

From the October 3rd, 2022, Hardman report:-

" New Contracting Frameworks in India are in place."

" Acceleration of tender awards is now expected following the adoption of opex-based pricing models. The distribution companies will pay on a recurring basis, creating improved revenue visibility for vendors and reducing unpredictability of the timing of cash receipts."

LTI.

Good morning tonyj, Inthetin and all,

I believe that CyanConnode is at that pivital point in the development of the Company, between revenue potential and revenue recognition. The 1 million recent order ( and others ) will not be fully recognised for 2/3 years and then CyanConnode will move onto the Support & Maintenance contracts.

The revenue recognition is where we will see the full value of CyanConnode start to show through.

But with a few more large contracts that hopefully will be confirmed in the future, as the RF benefits of the Company begin to be recognised and realised, I would expect an upward movement in the share-price as the business model and products of CyanConnode are further recognised.

And as you say, Inthetin, good news about the accountants. And Cambridged based also.

LTI.