Member Info for Vascular

LT,
When I mentioned " delayed in negotiation". I was referring to the CC rns which stated that at least one of the contracts they had hoped to have had announced by end oct, was delayed due to ongoing negotiations ....or something similar. Vas

Evening LT,
Have a look at this . It makes for good reading .
https://www.freepressjournal.in/indore/indore-city-set-to-be-first-in-country-with-1-lakh-smart-electric-meters

Vas

News from Indore this month. Talk about possible further pilots for Omni. Is this the contract that has been awarded, yet delayed in negotiation?
https://www.freepressjournal.in/indore/indore-soon-you-may-be-able-to-take-pre-paid-electricity-connection

IT was one of the few good days for investors of CC . The sp jumped 120% to 30p on news of winning the Iran contract , there biggest contract win at that time.
https://www.proactiveinvestors.co.uk/companies/news/124485/cyan-holdings-plc-soars-on-iran-meter-contract-124485.html

That's one of the things that has made me mad. We were often quoted the pipeline, tenders that CC thought they stood a chance of converting to real orders = signed contracts = income = share price increase.
Then came along the order book , which I interpreted as a list of confirmed contracts, signed, awarded,....proper grown up stuff, awarded to CC to date
( with each contract worth a certain amount of money to CC, going forward, including the UK rollout).
It was only when out of the blue the order book shrunk, and two large contracts fell off one end, along with a promise that a few more new ones may be added sometime in the future, to make up for them. It made me realise that it's a merry go round of an order book....and investors who invested in good faith on the announcement of Iran etc must now feel cheated as the information given as factual ( the rns announcing the deal) at that time, has just been taken away.
So begs the question what sort of contracts make up the CC order book, are they real signed contracts with penalty's and incentives or just promises and favours with no real business or legal standing.
The only real contract CC have at the present time that seems transparent ( although that's arguable) is the UK rollout won by Connode.

Hi CB. I guess CC were forced to announce an update on the Iran contract recently.... due to the fact Iran have also made their choices public.
Fibre optics will monitor everything that consumes power ..Inc. streetlight and EV charging.
I'm Suprised Iran have any money to do anything around smart at the moment.

not any more.

Iran
There is a real lack
on any news coming out from Iran regarding smart meters ..there is the odd conference ...I was trying to find some info on why CC have shelved their Iran mega order. I assumed it was down to the US sanctions.
Then I found this recent news!
https://www.presstv.com/Detail/2019/11/07/610610/Iran-utility-electricity-fiber-optic-network-homes

Sorry. Can't start new thread.

Yes, sorry about my English. ..I haven't had a drop yet. Standing up on a train. ..plus fighting with a spell check...and about 30 other angry paying passangers. ...not bad for a £65 train ticket with a double booked seat reservation. ....yet another day light robbery .

My big problems here is one of confidence and trust. I would love to see CC turn itself into s successfull company but my problem i
A) whether to believe what is in the rns when a new mega contract is announced . Will it just sit on the order book looking pretty, generate no income until a time down the road it is taken off the order book as Iran and NIK, not to mention TNEB and the many partnerships over the years that we are still waiting some news on......what looks like fantastic news on the day ....soon wears thin when it's the last you eve hear sabout it.
If CC continue as before they will disappear. If they achieve what is hoped for in terms of world domination in Iot....then the their is loads of time to buy in the future...as the share price graph will do a reverse during the next decade. ..but at this pint in time I'm very sceptical.

Way back in Jan 19 year end results CC said "In Q4, CyanConnode’s local manufacturing partner increased module production to 32,000 units per month. Indian utilities continue to issue large ‘Requests for Proposals’ and in December the Indian Government announced that it had mandated the use of smart prepaid electricity meters.

Well, Someone's paying for over 300,000 plus modules produced to date ...plus the scaling up of production that was also promised in a further paragraph.

Tony. No need to duck and dive with CC..just need to learn to duck.
The diving is is done automatically :)

Tony even the UK smart meter contract is being kicked down the road. Recentoh, they have not only changed the wording on the contracts with the providers from "all houses holders must be installed with a smart meter by 2024 "TO "must be offered" a smart meter , also providers are now saying that realistically only 66% of households can be reached by 2024 ....it's an ever moving rollout.....which ultimately will influence how much, and when CC relieve their income.

I'm thinking the next rns will be Mumbai distribution now closed tender for 66,000 meters. This closed sometime ago. CC may already know this is in the bag, and therefore feel confident of news before X as, this will be the one announced over next few weeks / month.

That will take the heat out of the recent announcement.

People buy for different reasons . My humble
guess is anyone buying now will be out before the ink has dried .... and long gone before any income is received by the company. Where will that leave the sp?

I can't help thinking that the profits warning alone with no sweetener would have been so much more devasting for the sp. Hence the sweetner of at least one contract being signed in the next few weeks....I think we will get at least one announcement of a new contract...the others may well not make an appearance for sometime yet, if at all. Hope I'm wrong. I'm just waiting at present ...only have a small amount left here.

We have given the nod that up to four contracts / orders are expected sometime soon....investors don't usually get such a clear indication of what is expected , in such a short period of time....in any other company it could be seen as a gift....but unfortunately it has not effected the share price! It's fundamentally a confidence thing with CC , they better deliver big time now, otherwise no one will take anything they say seriously ever again. Don't forget this company has been around for years and has history of under-delivering....if they can astound the market and then actually deliver some revenue on the back of this....confidence will return.
But I have waiting for this for best part of a decade and let down each time. Maybe this time :)

Into week three now.....no one quite knows what will happen next.....it's not a certainty in any direction ...otherwise the volume would be much higher.....imo the massive spread we are seeing since the rns, indicated the level of risk the market makers are factoring in on holding this stock, they are compensating themselves in advance.....whether the sp goes up or down they will get a premium on what they are presently holding.

Also, Tata tender for smart meters for their Mumbai distribution has closed some time ago.

https://www.tatapower.com/TenderDocument/Tender_tender24sep19_63a88f5948.pdf

Can't start new thread...Tata Power
https://www.prnewswire.com/news-releases/tata-power-and-the-rockefeller-foundation-announce-breakthrough-enterprise-to-empower-millions-of-indians-with-renewable-microgrid-electricity-300950411.html