Member Info for Vascular

I found this paragraph in the Capital Planning Update section of the Council of Governors Meeting in public

Monday 22 April 2024

"We will also have two centrally funded programmes in this new financial year – our

Community Diagnostic Centre (CDC) new build £6.7m and the Electronic Patient

Record programme (EPR) £3.9m. "

it would be helpful to find a breakdown on how the £6.7 new build money will be allocated.

https://www.qvh.nhs.uk/wp-content/uploads/2024/04/Papers-PUBLIC-CoG-meeting-22-April-2024.pdf

Hi Tony , according to the Genus Power Infrastructures Earnings Call for Q3FY24, published in Mid Feb 24 ( you can skim read the transcript or listen in on it)

quote regarding the awards made to Genus mostly during 2023

"Its worth mentioning that the Fulfilment of these orders will commence only after a period of

1:26

approximately 6 to 9 months from the date of order this is primarily because of the time

1:31

needed to complete the necessary formalities for starting the projects these formalities Encompass a range of

1:38

activities including necessary approvals negotiation of contract and logistic Arrangements we strive to diligently

1:45

attend to every detail to guarantee a seamless and successful execution process the execution Pro Cycle of the

1:53

current order book is about 27 to 30 months thus it provides healthy visibility of our Top Line growth

2:00

particularly for FY 25 and 26 numerous State electricity boards

2:05

have commenced the bidding process to procure Smart Meters underscoring the positive impact of the reforms etc "

The only fact we know is that the conservative 9 month period mentioned here by Genus, takes us back to June 23..........

it was only after June 23 most of the wards to the AMISPS was made and the second fact we know is that up until Today, there has not been any sign of a up tick in awards to the subcontractors - so I think I am safe in saying that the game has not yet began, and the successful company's who will win awards form Genus and others is yet to be announced.

And every week that passes brings the start date of awards even closer.

The majority of the awards made this past nine months must surely be released in the next 2-4 months , probably wrapped up with many other massive national infrastructure investments as part of the celebration to commemorate yet another Modi government win . Gl Vas

https://www.youtube.com/watch?v=4889EbdrAAE&ab_channel=trendlyne

Hi Lt,

Thanks for that correction - i find it strange why they fail to date certain articles.

This make sense though as if this had been a new AMISP award it would have been the first one for ages.

Cheers Vas

Hi Tony,

What is strange is that if you conduct a specific search for " IntelliSmart Infrastructure" and "framework agreement" the only reference that comes up is the CyanConnode agreement.

Therefore, its likely that we have the only published Framework agreement with IntelliSmart relating to Smart Meters, out of all the smaller "sub contractors" that are aligned with IntelliSmart.

We are informed that most sub contractors are now waiting to be awarded any awards from the AMISPs but in Cyans case with IntelliSmart it is already a known, that there is a FA in pave, and IntelliSmart are regularly taking from it.

A far as Genus goes, I am unable to find any published awards to subcontractors from genus relating to S. meters - so yes, if we are still an integral part of Genus then they no longer need to make awards to CC, so to safe keep their supply as they can now manufacture Cyan's technologymore or less at will, and pay on the terms .

Maybe , (hopefully) this is why its gone quite on the Genus front.

The other unknown is have Genus actually burnt through the last order they announced with Cyan. I have no idea.

Someone else may know the likelihood of whether the original and last Genus orders are spent. GL Vas

Any confirmation on our continued relationship with Genus would be the same SP wise, as receiving a very large award IMO. GL Vas

Another large smart meter award for Genus Infra, according to the date.

https://www.sharesbazaar.com/news/view/1041476

Morning LT,

On further inspection i think that L&G demerged / sold ONLY the manufacturing division in India to Esyasoft .

This would make sense as Adani and Esyasoft do not manufacture smart meters, so this would bring in their own manufacturing division.

"Stable source of revenue due to demerger of loss making manufacturing unit

LGL’s revenue sources were from sale of meters and from sale of services in the form of consultancy and software development services. However, the company has demerged its loss making manufacturing unit. Currently, the company is generating its revenue from its service operations based on Noida and is only providing services to subsidiaries. Since, the service operation has always been profitable for LGL, the company is expected to generate profit from FY24 onwards."

https://www.careratings.com/upload/CompanyFiles/PR/202401120117_Landis_GYR_Limited.pdf

Just to add a quote from the IHC report.

"

Esyasoft has actively engaged in strategic partnerships and

collaborations to enhance its capabilities. With the recent

acquisition of Landis & Gyr Smart Metering manufacturing in

India, Esyasoft is positioned to lead the utilities transformation

and accelerating decarbonization in the electricity, water and

gas sector.

A notable partnership is with ADANI India, where Esyasoft has

collaborated to deploy end to end smart grid solutions. This

joint effort combines ADANI’s infrastructure prowess with

Esyasoft’s Smart Grid capabilities, facilitating more efficient

energy distribution and management. The synergy between

ADANI’s extensive reach in the energy sector and Esyasoft’s

cutting-edge technology significantly enhances the efficiency

and effectiveness of energy distribution and consumption

monitoring.

Esyasoft has collaborated with leaders in the electric

vehicle (EV) charging, hydrogen infrastructure, and carbon

management sectors. These partnerships are geared towards

integrating the company’s smart metering and IoT solutions

with the emerging technologies in these areas. This integration

is key to supporting the transition to cleaner energy sources

and promoting sustainable practices in energy consumption"

Cheers Vas

Afternoon LT,

Thanks for the information.

Something I did not realise was that in Dec 2023 Esyasoft bought Landis and Gyr (India, or maybe the whole company) and the new company is called "Esyasoft Landis And Gyr Limited (ELAGL)"

https://www.legalentityidentifier.in/leicert/3358001IMNCP9MOBIQ16/

I only discovered this while reading International Holding Company’s (IHC) 2023 Sustainability

Report details the company’s Environmental, Social, and Governance (ESG) Strategy and highlights and i noticed they have Esyasoft as one of their indirect subsidiaries etc - see pages 12 and 23 for what they say about Esyasoft, big in EV charging also .

https://www.ihcuae.com/photo/plugin/guidebook/2024/1710400355_file_1.pdf

Just for info GL Vas

Afternoon LT and All

Interesting reading some of the Esyasoft case study's in central and northern India. Its hard to know for certain if Cyan were involved in these or not , anyone have an idea?

Example North India Case Study

"Outcomes

The results, post-investment, were nothing short of extraordinary:

Billing efficiency soared to 85%

The revenue in 10 months surged from USD 1.5 million to USD 2.5 million

ATC losses plummeted from 38.5% to a remarkable 9.6%

https://www.esyasoft.com/case-studies/smart-meter-deployment-for-a-north-indian-utility-a-transformative-success

GL Vas

Https://www.nsgm.gov.in/en/sm-stats-all

I also read that Genus, very shortly after the announcement was made opened up a hotel , inviting guests to come and speak to them there.

Always have a contingency plan in your back pocket, i guess. GL Vas

And Esyasoft is based in the UAE !

I thought it interesting that Cyan are in the process of forming n entity in UAE.

Together with last Fridays news that Adanai and Esyasoft have shareholder approval for a joint venture where Adanai to take 49% and Esyasoft to take 51% in "Adani Esyasoft Smart Solutions".

ttps://www.business-standard.com/markets/capital-market-news/adani-ent-arm-to-acquire-49-stake-in-adani-esyasoft-smart-solutions-124041300386_1.html

Is it just coincidence that Cyan are partnering with both Adani and Esyasoft in India and possibly the MENA regions.

Thanks LT,

I think this is one of the best days we have had on here for some time, and i do not mean the sp reaction - but just in confidence shown in meeting and exceeding forecasts going forward.

Makes me more confident that Cyan's major partners remain, and will play a big part of Cyans growth.

GL LT and thanks.

We are informed today "FY24 marked another exceptional period for CyanConnode in terms of our strategic footprint and revenue, and I'm delighted to announce that we expect revenue to materially exceed market expectations."

So we are told that the forecast of FY24E of £16.3 million will be materially exceeded.

and

For FY25E with a forecast revenue of £34.5 million "will cover approximately 80% of FY25 revenue expectations, from FY24 backlog ".

Am I correct in thinking that CC just need another 20% of new business / revenue this year to meet the £34.5 FY25 forecast, and therefore with the awards we hope will come from India ( such as Yesterdays) alone this year, this number should be smashed.

Fantastic RNS !

Showing real confidence in the company moving forward into the near term Indian 250 m smart meter opportunity and more importantly for me demonstrating in real terms what effect the Indian rollout is having on Cyan's future revenues....

Along with the excellent news that Cyan "is in the process " of establishing an entity in the UAE (United Arab Emirates) to promote business in the MENA (Middle East and North Africa) region. Well Done All and GL. Vas

Good to see a new order even though relatively small to those that could be heading our way once the awards start in earnest . Also good to learn that this order will support a new smart metering deployment for Madhyanchal Vidyut Vitaran Nigam Ltd (MVVNL), so another opportunity that may be increased hopefully over time. GL Vas

I post this as its states its published today, although i seem to remember i have read something similar, i think.

https://www.pppinindia.gov.in/bestpractices/best-practice-detail/smart-metering-with-prepaid-functionality-%E2%80%93-challenges-and-success-story-of-bihar

"Companies smashing broker forecasts are almost certain to enjoy strong share price rises." - 9th April 24

Lucky we were put on the upgrade list and not he downgraded list form what has happened since .

https://www.investorschronicle.co.uk/tips-ideas/2002/01/02/latest-update-companies-smashing-broker-forecasts/

City view had a publication out yesterday with analyst and fund manager commentary on shares., including Cyanconnode, but you have to subscribe, Anyone ?

https://citywire.com/funds-insider/news/expert-view-imperial-brands-accrol-cyanconnode-johnson-matthey-impax-am/a2440014