CyanConnode Holdings PLC Hardman Research - Acceleration and revenue uplift
21 March 2023 - 6:15PM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
21 March 2023
Hardman & Co Research on Cyanconnode (CYAN):
Acceleration, and revenue uplift for FY24 and beyond
CyanConnode is currently involved in Indian tenders for more
than 100m meter endpoints, and its partners have already secured L1
preferred bidder status for c.30m incremental meters. In addition
to the 2.3m orders won in the fiscal year to date, CyanConnode has
entered into a framework agreement with a partner to supply
hardware and software for 3m endpoints for future contract awards
under the Indian smart meter programme. Our revised forecasts
represent an initial step towards reflecting the prospective upside
in financial performance. Our updated DCF analysis suggests an
implied fair equity value of GBP96.8m.
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/acceleration-and-revenue-uplift-for-fy24-and-beyond/
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