Member Info for Longterminvstor

Good morning sidekick and all,

Just picking up on your query, sidekick, about unit delivery information for December 2020. The 201,309 is what is stated as delivered against the Indian contracts, upto December 2020. ( JVVNL(1), JVVNL(2), Tangedco and MPWZ.)

The 259,000 modules shown in the graph, is the total cumulative number of modules shipped, for the Indian contracts stated and including other global contracts, is the way I read it. So 57,691 were shipped against other global contracts, outside of India, up to December 2020, is the way I have interpreted it.

From the Trading Update - 14th January, 2021:-

" 259k modules shipped to customers during the nine-month period ended December 2020. ( 92k shipped during the six-month period ended September 2020.)

LTI.

Good morning all,

My interpretation is somewhat different from yours, CB. As you might expect.

I am happy with the prospect of the outstanding balance of approximately 867,940 meters in India, so far, contributing to the CyanConnode bank account, over the next 6/12/18/24 months. As well as contributions from ongoing known contracts in Thailand, Europe and the UK.

So, as I mentioned in my 17:38 post yesterday, the progressive/continued roll-out and the successful delivery of the existing, live contracts, should contribute towards the continued financial growth of CyanConnode, covering the next 6/12/18/24 months initially.

The delay you mentioned with orders, over the last 6/7 months, may have been due to a slow-down in new orders being awarded, towards the end of the Indian financial year and the expected implementation of the new 2021/2022 fiscal budgets. So during the second quarter of 2021, hopefully, we should see some movement towards orders for RF projects specifically, in India and possibly other global opportunities also.

So I am cautiously optimistic, that CyanConnode are progressing and will continue to progress further.

From the Trading Update - 7th April, 2021:-

" This has been an extremely challenging year, due to the Covid-19 pandemic, nevertheless we have continued to pursue a number of opportunities which we expect to bear fruit in due course. We also expect revenues to materially increase during the current financial year and note market expectations of £8.8m of revenue, for the financial year ended 31 March 2022."

So, something to look forward too.

LTI.

Good afternoon all,

Personally, I think that there is a certain amount of " under-pinning " already going on ( as tonyj has mentioned today and has been mentioned previously on the bb ) with the approximately 1 million unit backlog of units, in India, ( highlighted in the Interim Results - September 2020 ) valued at approx £19 million, being progressively rolled out and cash being collected by CyanConnode.

Share-holders/potential share-holders are now beginning to see the actual financial evidence, that CyanConnode is progressing. Although it has been progressing structurally and component ( solutions ) wise, for sometime.

In my opinion.

Which is possibly why there has been the additional interest in CyanConnode since the Trading Update, on 7th April, 2020.

But as we appreciate, orders are always welcome. Although the immediate financial future of the Company, will depend on the successful delivery of the outstanding backlog of orders, coupled with the all important cash collection.

Good luck all.

LTI.

Hello mcgoof,

It would seem that this mornings news was highlighted on the CyanConnode Twitter page, at about 12:00 midday.

http://twitter.com/CyanConnode

LTI.

As encouraged as I am, with today's, CyanConnode Trading Update, personally, I do not see the share price " .... doubling today."

LTI.

Good morning all,

An excellent Trading Update to start off the new Financial Year. With the module delivery progressing and the revenue for the year ending March 2021, exceeding market expectations.

Well done to all concerned.

LTI.

...... days trading today, to start off the new financial year. Nothing really much to spook the horses, but just nice and steady. Let's see if it continues tomorrow.

LTI.

Yes indeed, Inthetin. We could be looking forward towards a very encouraging few months.

But time will tell, as we know.

Enjoy your weekend, also.

LTI.

Good afternoon all,

As I mentioned on Friday, Conventional and Smart meters have been manufactured and installed by some meter manufacturers in India, for some time. And I see that happening into the future. Because there will be a market potential for both types of meter, until the GoI and Utilities decide they can afford the upgrade to Smart meters, to various rural regions, which will take time. The " duel approach," as I put it on Friday.

Because of the very nature of a Conventional meter, this will be manufactured and installed at a faster, cheaper rate, than a Smart meter. Because the Conventional meter does not require the infrastructure investment that " smart " meters do.

But there seems to be a change in the pattern of mix - Conventional meters v Smart meters - that has been tendered, from what is going to be tendered, from one particular meter manufacturer, who manufactures/provides both types of meter.

The product mix for current, live tenders, was approximately 66% for Conventional meters, to approximately 34% for Smart meters. This percentage is the accumulated value that is attributed to the meters. Not the number of meters produced. The percentage of actual numbers of meters produced may be slightly different, because the price of the different type of meters will also be different.

You do not get as many Smart meters per Rupee, as you do Conventional meters.

For the yet to be quoted tenders, the balance seems to have changed, to approximately 55% of tenders for Smart meters and approximately 45% for Conventional meters, for the next phase of tendering for this particular manufacturer. This is also the percentage of the value of the tenders. Not the number of meters produced for Conventional and Smart meters.

Whether this change will continue to gain pace generally, among different manufacturers, as yet, remains to be seen. But it seems encouraging.

At least to me.

LTI.

Good afternoon all,

There seems to be a duel approach to the conventional electric meter and smart electric meter deployment, in India, with both progressing at the same time. Some utilities are progressing with conventional meters and some are progressing with smart meters.

But there has been a debate/discussion on which way individual utilities should progress in India, for some years now.

CyanConnode, over the years , has been developing an RF market opportunity with utilities and other Partners. The " 250 million " overall market opportunity that is available in India, is not CyanConnodes target market. Just a percentage of the overall market opportunity.

Conventional meters have always been and always will be installed, until the infrastructure is in place to accept the smart meter. Or the Indian government and utilities feel as though they can afford to progress to smart meters, in what will be developing areas, when they get started.

I have included a report from October 2017, from IndiaSpend, which highlights some of the discussions that have probably been going on, over the years. The report also includes some comparisons between GSM/GPRS and RF Mesh.

http://indiaspend.com/why-indias-largest-smart-meter-rollout-may-not-be-very-smart-68359/

LTI.

....... made/are making different choices for different utilities, concerning conventional electric meters and smart electric meter deployment.

" Except EESL, no State Electricity Board till now have gone for the GSM technology. State Electricity Boards still feel RF is better. So all the tenders from State Electricity Boards are coming out with RF technology only. EESL is still working on GSM/GPRS ( General Packet Radio Solution ) based technology. So both will work in India."

Good morning 2cv. It is good to hear from you again and glad to know you are still about, in these difficult times.

LTI.

Good afternoon all,

Some differing opinions this afternoon, on which way the share price will go, over the next few weeks/months. I suppose we will have to wait for any relevant news to be delivered by RNS, to determine which way it eventually travels overall.

But no time-scales.

LTI.

Hello CB,

And what has my 14:19 post, got to do with your comment at 15:09?

LTI.

Hello CB,

Can you be more specific on what exactly I should be listening for, from " ..... 15 minutes in ...... "

LTI.

Good afternoon all,

I have been wondering for some time, if they would ever release a confirmation of where the Indian smart meter project, actually was, on installations.

But it is good to have the four different categories, separated out, to show not only the stage of progress, but also the withdrawn/cancellation aspect of the project.

The cancellation side has been covered/mentioned by individual Companies. But it is the first time, that I can recall, a visual graph being published, that gives an overall guide, for all interested parties to evaluate, by any official organization.

Well done to all concerned.

LTI.

Agreed CB,

Relevant news will always be delivered by RNS. As I clarified in my 18:15 post on Thursday.

But an interesting list of Indian states that seem to be interested in the Indore installation project, including Tamil Nadu ( TANGEDCO ) and Gujarat, mentioned in the report, which have already placed orders, with CyanConnode.

Along with the other, apparent global interest from Bangladesh, Ghana and Germany.

We await any future announcements with interest. But no time-scales.

LTI.

..... is also mentioned in a report in the Indore City Freepress Journal, which can be found on the CyanConnode Twitter Page, in a report about Indore. The report is dated February 2021.

http://twitter.com/CyanConnode/status/1361232591572127744/photo/1

From the report:-

" Indore was the first in the country to have installed more than one lakh smart meters, two years ago. Indore's first phase of the smart meter project, with radio frequency readings, has been widely appreciated as well as abroad. So far 15 states including Tamil Nadu, Delhi, Himachal, Uttar Pradesh, North Bihar, Chhattisgarh, Manipur, Gujarat, Jharkhand, Uttarkhand, Odisha, Punjab have studied the smart meters of Indore. Five have also started working smart meters in one way or another. Apart from this, teams from Ghana, Bangladesh and Germany have also studied the smart meter system model, of Indore."

Twitter is one of the alternative news outlets that can be used to release topical, CyanConnode related news, that may be of interest, but does not necessarily require an RNS.

This is also fairly up-to-date, as the report was published during February 2021.

LTI

Hello CB,

I am sure that you do remember the event. And I do not think there is any need, for me to give my version or any other version.

It is, what it is.

LTI.

Hello CB,

Someone raised a question about a delayed contract, during one of these media events, Bangladesh I think. And John Cronin answered it appropriately, from what I can remember.

LTI.

Hello CB,

Relevant news will always be delivered by RNS. Other news can be delivered through other media sources. One, maybe two, of which, I seem to remember you participated in.

There is more I could say, but best leave it there.

LTI.