Business Decathlete
28 Feb 2017
Tech Mahindra Partnership Announced Dear LTHs,I'm pleased to read today's announcement regards the new partnership our business has entered with Indian giant technology consultants Tech Mahindra. This is another significant signal to the market that Cyan's technology is credible and sustainable. Hopefully today's announcement shall be the precursor to further significant orders from the Indian and other geographies utilities sectors.I appreciate this journey is more than a wee bit longer than hoped but John Cronin promised to get us there and this is certainly another good step.Best wishes,
BADDOGREX3
22 Feb 2017
Re: At last I am afraid I am rather cynical these days I have lost count of how many companies with brilliant prospects and amazing" just around the corner millionaire deals" That have taken my money and my enthusiasm and dashed my hopes on the rocks.Cyan looks like it could be another of those..Trying to deal with people in India and Pakistan and such places is fraught with difficulty as corruption is rife and backhanders are a way of life that spans a hundred years of history .We get little crumbs of comfort from small deals but the company maker has always evaded capture.I wish I had your optimism but its been beaten out of me .Torotrack ,Bula .NXT, Aortec.Newlands scientific Frontier mining,Skye Pharma ,Eagle Trust, Petroneft ,Parkdale ,Artisan,China goldfields,Dares Estates and on and on The list is endless but my memory is not, promise after promise, hope is hopeless. I only hold 2 million at .018 p so i just watch and listen and hope that it wont go the way of most of them.. don't hold your breath as it may be a while before we capture the big one if we ever do.
Chip_Scashtin
22 Feb 2017
Re: At last Calm yourself Baddo, Mel was responding to your point about not getting too excited. Me too, Mel! It's like sitting on a gold mine about to explode...Presumably the market is anticipating a new share issue at 0.18p .... I wonder if we can expect the full year results earlier than June (followed, in 2016, by half-year results 2 months later).
BADDOGREX3
22 Feb 2017
Re: At last Melrosian Why is my name being taken in vain What issue do you have with my posts?
P3t3rB
22 Feb 2017
Whilst we patiently wait..... EXERCISE FOR PEOPLE OVER 601. Begin by standing on a comfortable surface, where you have plenty of room at each side.2. With a 5-lb potato bag in each hand, extend your arms straight out from your sides and hold them there as long as you can. Try to reach a full minute, and then relax.3. Each day you'll find that you can hold this position for just a bit longer. After a couple of weeks, move up to 10-lb potato bags.4. Then try 50-lb potato bags and then eventually try to get to where you can lift a 100-lb potato bag in each hand and hold your arms straight for more than a full minute. (I'm at this level.)5. After you feel confident at that level, place one potato in each bag
claude reins
10 Feb 2017
Re: At last 'Ah yes' says Churchill!
shovelier
09 Feb 2017
Re: At last Claude,"I take your point. Got any valid ubiassed information of your own for me to glean!PS Do I know you. The 'I see you're in her too' implies you may!Best regards"We spoke in Boohoo too.
claude reins
09 Feb 2017
What's the competition? Given their chosen regional targets, does anyone know of what competition there is in those regions, and especially what technical competition they have. Is their technology so superior / low cost.?There is some indication that the CEO would expect a takreover at some stage when they become profitable? Any ideasfrom whom?Always grateful for constructive information to share.
claude reins
09 Feb 2017
Re: At last I take your point. Got any valid ubiassed information of your own for me to glean!PS Do I know you. The 'I see you're in her too' implies you may!Best reg
claude reins
09 Feb 2017
Re: At last Thanks for that reasoned information.
melrosian
09 Feb 2017
Re: At last BADDOGREX3I am,Mel
shovelier
09 Feb 2017
Re: At last Hi Claude,I see you're in here too.IMHO the best way to glean valid unbiased information is to DYOR as an awful lot of what you will get on these bulletin boards is loaded (with a few notable exceptions).
bonzoful
09 Feb 2017
Re: At last Cyanconnode produce software that goes into smart meters, communicates it and manipulates the information. So they generally partner with meter manufacturers and get paid by them. In India the Government is requiring utilities to install smart meters for large consumers of electricity first, trickling down to others later. But smart meters help reduce theft and reduce the costs of billing so are intended for all. Which makes for a large market. Once Cyanconnode has enough revenue to cover its costs the upside is great. A substantial repeat order from Tata Power seems most likely to get the company to and beyond breakeven quickly but it is very helpful to be picking up a variety of different contracts to spread the risks you rightly identify. At end June 2016 Cyan had cash of £2.3m plus £4.7m from new shares issued then. Since then is has accepted a further £2m from Thai based investors. The Board are taking their salaries in shares rather than cash. I guestimate outgoings at around £5-7m a year but this may prove wrong. And some revenues are now arriving but not yet of that order on an annual basis. I do not expect a cash call will be needed until more contracts have been won by when the share price may be significantly higher. The chair/chief exec John Cronin has made clear at investor presentations he envisages the company being taken over once the price is right. DYOR as always.
chemistry2
09 Feb 2017
BRR [link] good order and another region, now lets get an update on Iran and India to get the ball really rolling.GLA CHem
claude reins
09 Feb 2017
Re: At last I am looking for more informed information from the BB please. Do CYAN invest in the hardware etc and then get a rental; do they get a licence fee or a rental fee? One of the dangers of these markets is getting paid for the work, and the value of what you get paid - i.e. losses on conversion from local currency back into sterling. Next, ambitious plans in these countries are often interrupted by poilitical and /or econoic instabilirty. Next, I presume that these installations are in the top end of users i.e. not out in the villages in the middle of nowhere? Finally, there does seem to be an even longer decision time chain than in western markets, so patience is clearly needed. Moreover, the partners or middlemen are also based in 2nd or 3rd world countries, like the Bangladesh order poartner. Some risk about payment there?I am a shareholder and looking to top up so I am by no means down on this stock. However, I would like to hear some more informed comments from other participants on this BB. Thank you - in anticipation.
