Member Info for Longterminvstor

Good morning Vas and all,

Thank you for the latest update concerning the Revamped Distribution Sector Scheme. It is appreciated.

You are correct, the RDSS has been around for sometime now. It is mentioned in the Zeus document, dated 7th March, 2023, when Zeus mention that " However, on 31st July, 2022, Indian Prime Minister, Narendra Modi, launched the Revamped Distribution Sector Scheme ( RDSS ) to improve the operational efficiences and financial sustainability of energy distribution companies ( discoms ) and power departments."

A very detailed and informative document and it is good that it has now been officially approved.

A just goes to show how the process of government can take time.

Good luck.

LTI.

Good afternoon Vas and all,

Some interesting figures there, Vas. Time will tell, I am sure.

LTI.

Good morning all,

If CyanConnnode need another Placing, and I am not advocating that they will, I feel at this particular point in the development of the Company, that it will be for the expansion of the CyanConnode and not the survival, as I have mentioned before.

CyanConnode have been awarded contracts, over the last 2/3 years, that have contributed/are contributing, to the Company's financial stability. Which they didn't have a lot of in years gone by, which I feel is making a difference. to the foundations of CyanConnode.

The last Placing in January 2023, was over-subscribed at 17p and the share-price has settled within that range recently, awaiting for the anticipated orders.

So an interesting summer to look forward to, I feel.

LTI.

Good morning all,

Something I picked up on, which was mentioned during a presentation recently, came from John Cronin towards the end of last year, during the InvestorMeet presentation, I think, during December, 2022, which is relevant to the " installation/order " discussion, we have been having.

From the presentation report:-

" The really exciting moment that we are in right now, is that India is rolling out over the next two years, 250 million smart meters. I should say, ordering 250 million smart meters and these smart meters are actually pre-paid smart meters, which is really important, as opposed to the post-paid that has been there to-date."

http://cyanconnode.com/presentations-and-videos/

You can find it under the Ratna Garapati presentation - CyanConnode Holdings PLC - Investor Q&A session.

So this is CyanConnode's view on the smart meter roll-out. That the smart meters have to be " ordered " by the relevant dates, and not installed.

Good luck all.

LTI.

Good morning Vas and all,

I am glad that the timescales are more clearer now, Vas.

Homebrewruss, from ADVFN replied to you before I got round to it this morning and referred to a post with information in, that I posted yesterday at 10:40.

The £12.50 per meter mentioned in the Zeus report, times the 5m meters per year that you have suggested, gives a total of £62.5m per year.

And this is for India only. Other regions may hopefully come into the equation, also.

Very healthy, I would suggest, for a Company the size of CyanConnode. At the moment.

LTI.

You are welcome Vas. Good luck to you, also.

LTI.

...... "Procurement vs Purchasing: What's the difference?"

" Procurement is often mistaken for purchasing and the two terms are often used interchangeably. But those two functions are actually quite distinct - in their intent, the tasks they cover, the people involved and, most notably, what they accomplish.

" If you ask a layman about the difference, you may get a reply that purchasing and procurement are one and the same. But, if you ask the same question to a procurement officer of an enterprise, you'll get a significantly longer answer as to how and why there's a world of difference between purchasing and procurement.

" It is true that a few organisations prefer to use one term over the other, but failing to learn the key differences between purchasing and procurement can make an organisation overlook key components that have the potential to break and organisation's bottom line. If you're a procurement manager and are new to procurement, then here's a guidebook that will help you shine in your role."

http://kissflow.com/procurement/procurement-vs-purchasing/

There are some further explanations within the report that explains the differences in more detail.

LTI.

..... 26th May, 2023 - " Building the order book."

" Valuation: Based on forecasts, shares traded at only 7x FY2025 EBITDA and we expect EBITDA to continue growing rapidly thereafter. The market does not appear to be pricing in the size of the Indian opportunity for the procurement of 250m smart meters by March 2025. Assuming £12.5 revenue per meter, 20% market share and 57% gross margin, than CyanConnode's share of the revenue and gross profit potential is £625m and £356m, respectively, both of which dwarf the company's current market capitalisation."

Again, the word " ... procurement .... " is used.

LTI.

.... 7th March, 2023 - " The smart choice."

" CyanConnode provides end-to-end communications platforms that connect Internet of Things ( IoT ) devices such as smart meters to a utility's billing system. The company is a global player and a market leader in India, where a new government scheme, as set out below, has mandated the procurement of 250m meters by March 2025, a significant market opportunity for CyanConnode."

LTI.

Good morning Vas and all.

On your question about the various targets for smart meters in India, being sanctioned, awarded or installed, it is my interpretation that of the three, the answer is " awarded."

The phrase about " ..... 250 million smart meters installed by ..... " has often been quoted in the Indian press.

But I noticed in the Zeus presentation document on CyanConnode - The Smart Choice - published on7th March, 2023 and the Zeus presentation document on CyanConnode - Building the order book - published on 26th May, 2023, the language has changed, when talking about the smart meter roll-out.

The word used in both publications, is " .... procurement .... "

So it is my interpretation that this does not mean " ... installed .... "

I hope this helps.

LTI.

Ooooops, or just tap on the original image at 11:20 and it should work fine.

LTI.

Good afternoon all,

Sorry, I should have posted the two individual images earlier, as well as the tweet:-

http://twitter.com/CyanConnode_Ind/status/1663086096912187392/photo/1

http://twitter.com/CyanConnode_Ind/status/1663086096912187392/photo/2

LTI.

Good morning all,

Looking again at the confirmation of the good news tweet from CyanConnode India, about the further recruitment of personnel within the India business, it may be a reference to the gizmo post at 08:51.

But excellent progress being made by CyanConnode, I feel. As I am sure do others, also.

LTI.

..... tweeted:-

" We continue to bolster our teams with skilled talent to support our growing orderbook. The recent additions to @CyanConnode underscore our commitment to quality, SLA adherence & maintain our status as the leading communications player for #SmartMetering in #India. Welcome aboard."

http://twitter.com/CyanConnode_Ind/status/1663086096912187392

LTI.

Good afternoon Vas,

Thank you for the HPL Electric & Power report. Good news for one of CyanConnode's Partners. Let's hope it is good news for CyanConnode eventually, also.

From the report:-

" We are delighted with our ongoing success, driven by the strong demand for smart meters and our commitment to technilogical excellence," said Gautam Seth, joint managing director of HPL. "The implementation of government schemes has significantly helped the industry and we are witnessing tangible results. Our robust pipeline of pending orders, combined with our R&D and process automation initiatives, positions us strongly for sustained growth and continued market leadership."

But another excellent result for HPL Electric & Power.

LTI.

Sorry, should read, hopefully:-

http://wi-sun.org/blog/economic-5g/

LTI.

.... has tweeted:-

" Discover how #smartmetering solutions for public infrastructure can be made cost-efficient in this insightful article, by @WiSunAlliance. Explore the integration of #RF mesh networks with cellular & 5G connectivity for reliable and economic operations."

http://twitter.com/CyanConnode_Ind/status/1661993957193134080

You can also view via the CyanConnode tweet:

http://wi-sun-org/blog/economic-5g/

LTI.

Good afternoon Inthetin,

I respectfully disagree.

There is an old saying, that " You can lead a horse to water, but you cannot force it to drink."

Prior to the acquisition of Connode by Cyan, to create CyanConnode during 2016, there was far less " news " to digest, or as many projects to look forward too. " Spreading the word " as you put it, is far better for today's investor, I feel. You feel differently.

Investors/potential investors, may have other priorities, at the moment. High interest rates/mortgage payments/bills to pay/etc.,which leaves little at the end of the week, for investing.

The CyanConnode senior management, in the UK and India, have, in my opinion, provided various kinds of information over the years, available for all on the CyanConnode website - RNS's/video's/Investor Meet Presentations/Broker analysis and reports, to revisit or for the new investor to view at will.

So for me, the " ..... spreading the word ..... " is an ongoing process, that is ongoing.

If you go to a football match, you can expect some sort of result, in most cases, within 90 minutes. A set time-frame.

Share-ownership is somewhat different, in my opinion.

LTI.

...... " Strong prospects for follow-on: The outlook for further, significant orders in FY24, appears promising. IntelliSmart indicated that today's contract represents the largest Indian smart metering project tendered to date, which indicates that the supply order of 600k represents a small portion of IntelliSmart's larger contract. CyanConnode appears well positioned with a framework agreement as a preferred supplier of 3m modules. IntelliSmart's strong market posotion and CyanConnode's partnership with IntelliSmart, gives us further confidence in our forecasts for FY2024 and beyond."

Very encouraging, indeed.

LTI.

Zeus comments on the 600k Omnimesh order received by CyanConnode yesterday.

From the " Building the order book " report:

" Building good revenue visibility: The contract gives us further confidence in our FY24 revenue forecast. The 600k unit contract is expected to begin a 27-month deployment period in the next quarter ended September 2023 ( Q2 FY2023 ). Based on straight-line deployments starting in September, we expect about 156k units to be delivered in FY2024, 267k units in FY2025 178k units in FY2026. In addition to this contract, the company has already signed contracts for 2.3m units, of which we conservatively expect half ( 1.2m units ) to be deployed in FY2024. Therefore, we have visibility for a substantial portion of our delivery estimate for FY2024 at an early stage in the year."

Seems very encouraging to me.

LTI.