BigSwede
09 Feb 2017
Well done everyone at Cyan. Onwards and upwards!
Business Decathlete
09 Feb 2017
New: Customer, Region & Oder Dear LTH,Great news today as our business announces a substantial long term commitment from a new customer and crucially a new region of the world - Bangladesh. This order (£5.4m) includes maintenance and software licences and gives a platform, as JC says, to take us well into the future with reasonable surety of cash flow. I totally agree it has been wee while in coming but undoubtedly this is clearly another strong foundation stone in the growing of our formerly tiny business to becoming a global player via multiple, strong partnerships and technically leading, proven, technology. Onwards and upwards.Regards,
BADDOGREX3
09 Feb 2017
At last Its been a diabolical struggle but at last a significant order This may just be the start of what we have all been hoping for.I am not getting too excited yet YAHooo!!!!
uk77
09 Feb 2017
Re: Crumbs Good news this morning and from a very unexpected region. Well done to JC & the board.
domino2
09 Feb 2017
Re: Crumbs Excellent RNS with large potential follow on orders for the future.
Gold or Silver
09 Feb 2017
Crumbs It`s been a long road and about jolly time .Good luck AllAnd May
Chip_Scashtin
19 Jan 2017
The dog barks, the wind blows ..... ... the caravan moves on.Errm, isn't today's RNS quite good news? Even if they are still shifting cash at a prodigious rate, which is, I guess, the sand in our sandwich."Cash, as of 31 December 2016, was £3.9 million." It was 2.4m in June, and since then they raised 4.3, so I reckon they burned £3m in 6 months, but that's just my view. From the RNS:2016 revenues of c. £1.8 million, showing an increase of 560% over 2015CyanConnode (AIM: CYAN), the world leader in narrowband radio mesh networks announces a trading update for the 12 months ended 31 December 2016.Trading for the period was in line with management's expectations with revenues of approximately £1.8 million, which is an increase of 560% compared to the same period last year. Cash, as of 31 December 2016, was £3.9 million. Importantly, a significant portion of revenue growth was underpinned by the PVVNL and CESC deployments in India and the long-term nature of subsequent contract wins provides improved visibility going forward, with order backlog from existing contracts going into 2017.
Mome Wrath
23 Dec 2016
Eygpt wants 250,000 smart meters Egypt to Negotiate Smart Meter BidsThursday, 22nd December 2016The Egyptian Ministry of Electricity and Renewable Resources completed reviewing bids from seven companies that submitted tenders to supply 250,000 smart electricity meters, reported Daily News Egypt.Husseiny El Far, a member of the electricity companies’ distribution affairs, stated that the ministry had initially examined financial bids from nine organizations from ZTE, Huawei, Ericsson, Alcan, El Sewedy Electric, EIU INC, Gamma, and Siemens, and later excluded two bid. The ministry is currently in negotiates with the remaining seven companies.The ministry will announce the results of the tender before the end of December. Accordingly, the ministry will assign the supply of 250,000 electricity meters to each of the selected firms. Additionally, a second tender is also being discussed with six of the nine companies.El Far added that the electricity meters tender aims to execute a project for the installation of 250,000 smart meters across six distribution companies. This includes 50,000 smart meters to be installed in the North Cairo Electricity Distribution Company and the South Cairo Electricity Distribution Company. The tender will further supply 25,000 meters to the Middle Egypt Electricity Distribution, South Delta Distribution Company, and Alexandria Electricity Distribution Company.
Mome Wrath
23 Dec 2016
Re: Eygpt wants 250,000 smart meters [link]
Mome Wrath
23 Dec 2016
Eygpt wants 250,000 smart meters Egypt to Negotiate Smart Meter BidsThursday, 22nd December 2016The Egyptian Ministry of Electricity and Renewable Resources completed reviewing bids from seven companies that submitted tenders to supply 250,000 smart electricity meters, reported Daily News Egypt.Husseiny El Far, a member of the electricity companies’ distribution affairs, stated that the ministry had initially examined financial bids from nine organizations from ZTE, Huawei, Ericsson, Alcan, El Sewedy Electric, EIU INC, Gamma, and Siemens, and later excluded two bid. The ministry is currently in negotiates with the remaining seven companies.The ministry will announce the results of the tender before the end of December. Accordingly, the ministry will assign the supply of 250,000 electricity meters to each of the selected firms. Additionally, a second tender is also being discussed with six of the nine companies.El Far added that the electricity meters tender aims to execute a project for the installation of 250,000 smart meters across six distribution companies. This includes 50,000 smart meters to be installed in the North Cairo Electricity Distribution Company and the South Cairo Electricity Distribution Company. The tender will further supply 25,000 meters to the Middle Egypt Electricity Distribution, South Delta Distribution Company, and Alexandria Electricity Distribution Company.
inthetin
15 Dec 2016
Re: EMAIL FROM DCC Fair play, they've rectified the link now. Here it is, if anyone is interested. I haven't had chance to read it yet. Will do after my bash at squash.www.smartdcc.co.uk/implementation/test-assurance/systems-test-assurance/interface-testing/GLITT
inthetin
12 Dec 2016
EMAIL FROM DCC Towards the end, it says:-• On 25 November 2016 DCC was directed by the SEC Panel to publish the IT Completion Reports for the Central, South and North Regions in accordance with Section T3.25 of the SEC.These documents are part of a set that DCC has delivered to the SEC Panel and to Government as part of its assurance documentation to confirm that it is ready to commence the provision of live DCC Services against DCC Release 1.2, in accordance with its obligations in the SEC. The 'IT Completion Reports' is highlighted and is supposed to be a link to the document in question.Instead you get this, which about sums them up:- www.smartdcc.co.uk/error.html?aspxerrorpath=/{localLink:2752}What a shower (of the proverbial).ITT
inthetin
09 Dec 2016
O/T - Download v Vinyl Listening to Radio 6 yesterday, they were talking about how popular buying vinyl records has become again i.e. value of sales of vinyl is now more than the value of downloads for the first time.Anyway, they asked listeners to suggest tunes which included references to vinyl records in the lyrics and this one came on. www.youtube.com/watch?v=Rws_7mLTqj8 Cheers ITT
inthetin
09 Dec 2016
Re: Orders Hi the old troutThere's probably been no comment on here because the news of the piddling orders released this week does not match up with all the bigging up of CC by JC et al and I think that we're all a bit tired of it and him to be honest. There's only so much BS one can stomach.Orders of 400 and 4.000 units and more need to be landing in CC's order book daily, not annually.Also, we've been waiting for ages for our TATA framework agreement to be finalised and yet when one eventually comes through even that framework agreement isn't ours, it's L&T's.The only news that's going to budge this SP is an order of some scale (like the Iranian one - if that one is to be believed). My guess is that if we get any news that spikes the SP, it will either be news of a Thai contract or a cheap Thai takeover. CheersITT
sjt55
09 Dec 2016
Re: Orders The problem may be that not enough information is being given to make an informed decision about the company. We are told there is an order from Eon, but not how much it is worth (presumably virtually nothing, as it is a pilot) and another order worth £230,000, but no indication of the likely profit on that order.We don't know the current cash burn since the company expanded, but we do know that Biggles International has poured over £4m into the company since July. Hopefully, we have cash in the bank and therefore another placing will not be necessary, but who knows for sure? Anyway, fingers crossed, when the market gets some hard facts like the year end results, it will be good news and the price will fly.GLA
