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Page 18. Here is quote from Genus annual report 23/24.

"Innovations and Technological Breakthroughs

Our R&D team has achieved significant milestones during the year, including the development of a revamped Radio Frequency (RF) based communication module, a gateway for RF communication and a network management software. We have also introduced new smart meter models with advanced communication features and improved power management facilities. These innovations have enhanced the interoperability and reliability of our smart meters, ensuring seamless integration with various communication technologies such as cellular and RF. "

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://genuspower.com/wp-content/uploads/2024/09/GPIL_AR-2023-24_LR.pdf

Anyone care to explain todays 4 x 150,000 buys , each one followed by a similar size cancellation

India has approved 12 new industrial smart cities and other infrastructure projects aimed at boosting India’s manufacturing ecosystem.

https://www.india-briefing.cNo mention of Smat meters but i guess they will trly on the om/news/india-approves-12-smart-industrial-cities-and-major-infrastructure-projects-3415

Reading through the results on paragraph stood out for me, which really confirms that INC has legs to move into a variety of products when the time is right.

"Skin + CELL's luxury skincare current range extends across face, body, hand, face serum and eye cream, and will also include SPF (sun protection factor) concentrations and further bioactive derivatives of vitamins in the future.

https://www.londonstockexchange.com/news-article/market-news/final-results/16634733

Thanks for highlighting this report LT.

It looks like discussions and negotiations are continuing with IntelliSmart and possibly others, with Cyan now holding double the number of awarded smart meters than they had just a month ago!

"Strategic investment: On 1 August, CyanConnode disclosed that IntelliSmart Infrastructure Private Limited (IntelliSmart), a key partner and customer of the company in India, is considering acquiring a significant stake in CyanConnode's Indian operations. Early-stage discussions have been held with various parties and we believe this LOA should significantly strengthen CyanConnode’s position in these discussions "

Gizzmo and All.

We know the subcontractor awards have taken much longer than originally thought - so what if yesterdays 6.5 m award to Cyan is from this award made to IntelliSmart way back in April 23!

Just maybe these are the timelines we are dealing with .

https://industrialnews.co.uk/intellismart-bags-6-7-million-smart-meter-order-in-india-largest-of-its-kind/

Must be a coincidence that both Genus and Cyan released news of awards for smart meters.

"On August 28, 2024, Genus Power Infrastructures Limited announced that its wholly-owned subsidiary had received 3 Letters of Award (LOAs) worth a total of ₹4,469.04 crore (excluding taxes).

The projects involve designing an Advanced Metering Infrastructure (AMI) system and supplying, installing, and commissioning about 5.59 million smart prepaid meters and system meters, including distribution transformer (DT) meters. The work will also include related energy accounting on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis.

He further added, “Over the past few weeks, we have won 3 major orders, cumulatively valued at ₹ 11,003.08 crore (net of taxes). This includes orders worth ₹2,925.52 crore (net of taxes) & ₹3,608.52 crore (net of taxes) won in the third week of August and an additional ₹4,469.04 crore (net of taxes) secured now."

https://www.angelone.in/blog/genus-power-secures-smart-metering-orders

Morning ALL. Anyone know what JC average purchase price is? It's well over 10p. Isn't it?

In January 2024 we received the RNS below which moved the SP from 9p to 14p

"CyanConnode Pvt Ltd, has received an order from Montecarlo Limited (Montecarlo) for one million Omnimesh Modules, together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License, and a Support and Maintenance Contract."

Today, we receive an RNS six times larger than in January and the Sp does not move .

It does beg the question that if Todays RNS announced a 20 m award - would the share price move?

( whoever they are) currently give Cyan a worst case share value of 43p , a base case of 47p and a best case value of 60p to the current share price of 7.95 .

I have no way of knowing if this was before todays RNS or after.

https://www.alphaspread.com/security/lse/cyan/summary

Fantastic news - shame about the reaction . What will it take!

In April 2023 ( yes, 16 months ago!!, so probably irrelevant , but who knows how long these things take).

" IntelliSmart bags 6.7 million smart meter order in India – ‘largest of its kind’

Today, Cyan get an award for 6.5 m smart meters . Probably just a coincidence.

https://www.smart-energy.com/industry-sectors/smart-meters/intellismart-bags-6-7-million-smart-meter-order-in-india-largest-of-its-kind/

Https://www.share-talk.com/rns-hotlist-with-zak-mir-he1-bnl-jlp-ufo-pat-rgt-cyk-polb-hum-inc-val-bell-bzt-groc-ctl-hui-uog-pow-gmet/

I only posted the Kerala tender as a example of why maybe Cyan / Digi are looking at alternative investments in DIGI. i.e to get around this three year issue.

Hi Jake. No, too late for this tender but maybe the next , who knows . Cyan can always bid as a consortium with a larger player but if they wanted to go it alone and bid as single AMISP then they will need to solve this business of past three year results and in light of recent talk of possible investments in Digi, I'm thinking maybe this is partly what its all about.

If Digi is joined, partly owned by one of Cyans major partners then the problem of finance, and profits before tax etc will go away, won't they! Take IntelliSmart which as Tony mentioned a few days ago is basically owned by NIF one of the biggest Infrastructure funds in India, and backed by GOI plus they have over 20 m smart meters won, and in their pipeline already .

DiGiSmart would be good to go....

I forgot to add , my thinking is its more likely to be split, something like 500 shops in Europe and 500 in Asia by year end, which makes it much more achievable and maybe beatable. GL VaS

Just me thinking aloud but surely a clue to the company's targets of how much energy that will go into the expansion of these rollouts in Europe and Asia has already been declared, several times.

The intention is to shift as many of the 350,000 units at a gross £40 each, by financial year end March 25., which is less than six months after initial rollout starts in earnest in September 24.

That's approx. sell 60,000 units per month on average over a 6 month period.

So if we assume they manage to have an average of 1000 shops selling products by end of financial year, that would mean that each shop would need to sell on average 60 units a month, 15 units a week over six month.

That is only 3 units of each of the five products each week.

If they only manage to supply 500 outlets by March 25 then they can still hit the 350,000 units target by year end but will need to sell 6 units of each product each week - which although higher , does not sound unreasonable if product is so cutting edge and novel.

Yes, I agree. Confirmation that all is on schedule in Europe for September and also further news of further rollouts in Asia!!!

"Incanthera's Skin + CELL skincare range of 5 products to be launched in Europe in September 2024, through AS Watson Group partner, Marionnaud, with further anticipated launch through AS Watson Asian store network soon after"

Here is an example of a recent tender

This Tender will close on 6th Sept 24 . Its states that the bidder needs to demonstrate that they have posted a profit before tax in two of the last three years !

As Cyan is now an AMISP, and could technically bid for this tender ...the only thing holding them back would be demonstrating they meet the financial criteria of posting a profit .

If this stipulation is common in todays AMI rollout tenders in India then it would absolute make sense for a major partner to invest in DigiSmart ( if that is the vehicle making the bid as AMISP) , so to meet this criteria. Just a thought.

https://www.mercomindia.com/tcil-issues-tender-for-communication-network-in-kerala

Thanks LT , for your thoughts. What happens if more than one partner jumps on board ....Cyan would keep control !

I think we need to keep in mind that this is just the beginning of what looks like a massive European rollout , its starting in just two countries in what will be a 1000 plus outlet European rollout with this the first step of supplying just 100 shops to begin with, and more added as time progresses.

I am under the impression that M. are in control of the Advertising / promotion campaigns for their rollout and are probably very aware that it would be a waste of time and money and would probably result in many disappointed customers who would find they are unable to purchase the product in their own country or even city if that outlets was not yet supplied.

I think the promotion that M will provide will be very specific to its customers only, and within the geographical limits of the initial 100 outlets stocked , and likewise as the numbers increase..

What I find strange is that there does not seem to be a mention of INC and or Skin & Cell in any of the industry papers which is strange as hopefully they will become a real competitor in the skin care market.