Member Info for Longterminvstor

...... will be one of the four major hubs of innovation and manufacturing for Schneider.

https://economictimes.indiatimes.com/topic/Schneider-Electric-India

LTI.

......... to continue investing in India.

https://economictimes.indiatimes.com/industry/energy/power/schneider-to-continue-investing-in-india/articleshow/60905922.cms

LTI.

Hello tonyj,

I think what also came across from the meeting, was that if any utility wanted a " Pilot," as the CyanConnode technology and solutions are proven, globally, that CyanConnode are now in a position to request payments for any pilot. Rather than doing it as a courtesy. Especially if the Client wants something different, additional or R&Dable.

Much like the Client who wanted the unit solutions that were ordered, but the order was delayed at their end, but they wanted the order, without payment.

This was declined and the units distributed else-where and not kept as stock.

But as I think we all appreciate, from the meeting, the pace of order placing, delivery and implementation of contracts, especially in India, seems to be beginning to gather momentum.

Good luck,

LTI.

Good morning Vas,

How many units per month, per customer, the CyanConnode/Enzen project covered in Mysore, I have no idea. But the report mentions that:- " Take Karnataka for instance: Out of 137,456 customers targeted under the 500 units/month category, only 610 have installed smart meters ( 0.4 per cent.) Similarly, in the 200 units/month category of consumers, only 1,876 of 291,650 consumers ( 0.6 per cent ) have installed smart meters."

The CyanConnode order from Enzen Global, for Karnataka Mysore, was for 21,824 units. And I realize that the Omnimesh platform was not available, when Mysore was installed.

As I understand it and as it was explained by Anil at the investors presentation, CyanConnode incorporate a " Build-as-you-go " approach. Each meter that is installed using the Omnimesh platform, sends a signal to the next meter, installed with the Omnimesh platform and so on, where-by creating an overall canopy under which the meters function.

At a later date, when/if the contract is extended in the same area, as I understand it, they just build on with the CyanConnode solution, connecting other meters, there-by extending the " canopy ". This reduces the overall CAPEX required.

So this is the way I see it progressing for the Clients and utilities generally. It will be up to the utility concerned, to target the customers that they feel gives the customer and the utility, the best service and return.

Which is what I believe will happen with the recent CyanConnode orders for L&T, MPWZ, Genus and the latest order worth $11.6 million, received in September 2018.

Good luck,

LTI.

Good morning Hobs,

Well done and it is good to hear from you again. It would be good to get together at some time. In the meantime, good luck with all your investments.

LTI.

2cv/Multi,

I am sure, as you say 2cv, the Company representatives have broad shoulders. But gone are the days when we used to buy shares at the bank and get them delivered by post, 4 weeks later. No internet. No bulletin boards. No debate with people who have a different point of view or agenda.

Still, that's progress.

Good luck both,

LTI.

Inthetin,

On a final point from your 10:04 post, about " .... who should I contact .... " I seem to remember you contacting the Company before over other issues, in the past. I am sure you know who to contact, if you really want to invest in a Company that you have not been painting in a very favourable light, over recent months/years.

LTI.

No problem Inthetin,

As long as we both know where we stand.

LTI.

Hello dwall,

Yes, it was good to meet up on Wednesday evening. A very informative and productive meeting, I thought. And very interesting some of the things that were discussed and raised after the meeting. None more so than some of the points you made, to various attendees and Company representatives.

Always interesting talking with you, dwall.

Good luck,

LTI.

Hello Inthetin,

No intention to deceive, at least on my part.

http://news.coininvestor.co.uk/news/eis-explained-everything-you-need-to-know-about-enterprise-investment-schemes

If the webpage does not travel very well, as sometimes happens, just type in from " eis-explained-............. "

LTI.

Hello Inthetin,

I am not " ..... deliberately avoiding the point ..... " that you are making. I am explaining the EIS point I want to make, the way I want to explain it.

If you disagree, you disagree. It would not be the first time we have disagreed and I doubt it will be the last. I seem to remember saying that to someone else recently.

Enjoy your day.

LTI.

Good morning CB,

I think we know what happens next. We were told during May 2018. It was discussed at the Investors Presentation Evening, but no details were given on the way future funding was to be structured.

LTI.

Good morning Inthetin,

I am glad you got it sorted. If you want to invest under the EIS scheme, then that is your choice, to tie your money up for a stipulated number of years. If you do not want to use EIS, you buy your shares in possibly the open market.

You pay your money. You make your choice, I think the saying goes. What is alright for some, may not be alright, financially possible or practical, for others.

I am sure you made the right choice for you personally.

LTI.

Good morning fulcrum,

Good luck with your investment.

LTI.

Good evening Multi,

Please pass on my thanks to timbo003, if you are on the other bb. His interpretation of events is very helpful and the additional information he picked up on, I would think is very helpful to all concerned.

Especially concerning the financing/funding.

And thank you for taking the time to re-write his conclusions on here. It is appreciated.

Good luck,

LTI.

Hello Inthetin,

Investor presentations are much like share-holder presentations. After the main presentation is done, investors/share-holders gather in different groups, with different investors/share-holders/Company representatives, to discuss what they want to discuss.

But if, as you say, you have not been to one, you have not been to one.

I would think your broker or accountant would be the first port of call to contact about EIS qualification. I am sure you realize that your investment is tied up, I believe for a minimum of three years, to qualify for the full tax benefits. The investors that bought-in to the EIS investment originally, have been invested now for about the full three years. So they should qualify for the full tax allowance.

What I would check on, is what would be the status of the EIS investment if the Company were sold/bought out, before the three year period was up and the EIS minimum three year time period for investment, were broken.

The investors who made their EIS investment back in 2015, have served the qualification time period. Or very near. I cannot remember the exact date EIS investments were first bought to my/our attention, but I am sure it was before the £10 million Iranian contract was placed. Which was April 2016.

Good luck with your decision.

LTI.

Hello Multi/tonyj,

Tonyj is correct, in that time scales for implementation and introduction to client to order, is being encouragingly reduced.

In a brochure that the attendees had, it gave a Case Study, for CESC Mysore. Enzen received their order, in April 2014. Cyan(Connode) did not receive their order until January 2015. Completed during early 2018.

I believe CyanConnode were introduced to MPWZ at the beginning of the year, by Larsen&Toubro and CyanConnode received the first order from them, via Larsen&Toubro, in May 2018, with delivery in phases over the next 2 years.

Anil also mentioned that the response from clients, about the speed in which the Omnimesh solution can be installed and distributed, is very favourable.

So the speed from introduction to new clients, via a CyanConnode Partner, to order placement, has been drastically reduced.

Good luck,

LTI.

Hello Multi,

From what I remember from yesterday, the spread was only about 2%. So very difficult to distinguish between a BUY and a SELL. If you want to make it difficult, that is.

They even get it wrong when the spread is higher, between 10%/15%, from what some investors have reported on here. I don't disagree that there is possibly an element of manipulation going on. But the computers are run and set up by human beings. So anything can happen.

LTI.

Hello Inthetin,

I believe it was mentioned during this year, exactly when, I cannot remember, that CyanConnode did still qualify for EIS status. Whether that has changed with the start of a new tax year or not, I do not know.

But EIS investment was mentioned in conversation after the open meeting. In what context, I cannot tell you as I only " overheard " it. You know what it's like.

LTI.

Hello Inthetin,

As we know, we have already been told by the Company, in the May 2018 Finals Report for year 2017, that funding will be required.

From the report:-

" We continue to work on securing additional funding that will be required during 2018., especially as we start to deliver on orders which are expected to require upfront working capital investment. This funding could include one or a mix of working capital facilities, strategic corporate investments, additional equity funding and licensing deals, for our new Omni IoT platform."

But I am sure you already know this, as I have mentioned it before.

LTI.