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May see some interest today. Seem to remember last time action took place more on second day.
Could see follow up orders as with Thailand before first one complete.
May even get Colour's 1m.
Never Colour, they are not matching anything at present so should be edging up leaving sells behind may be.
Cannot wait for the 1m order and your positive reaction.
DYOR
tonyj, it is purely set on supply and demand. Dealers aren't fixing anything, todays systems are automated, get over it.
Don't think you are quite with this Colour..
It's the dealers who fix the price, 3/4 qtrs of a million bought.
Another time it would rise sharply.
DYOR
well, this is good news for CC India, monetary value still missing
It's the first 'order' in nearly 11 months, forgetting the recent pilot joke, and it has no monetary value reported. It's absolute CC and the market appear to have had enough of it.
It seems that the market isn't interested in today's news, which suggests that "some really exciting news" is definitely required. The SP is still down 30%, compared to the price immediately after the recent fundraise.
How much lower would the SP be if they had stuck to their policy of releasing quarterly trading updates, instead of hiding behind Hardman & Co's paid thoughts.
You amaze me Colour, the Funds etc that bought in drove SP 14p, may be some even took profits but they came in for a reason. How else would a float take place at the going price and rise.
All rises slide until further information occurs and Schneider is that.
The only exception I had with float was taking on a Vice Chairman, everything else pretty normal.
Now calm down and buy some more before we get some really exciting news.
DYOR
You clearly didn't, or couldn't, read the RNS so here it is.
'The net proceeds of the Placing and the Subscription will be used to strengthen the Company's balance sheet, to increase working capital, to allow the Company to continue to take advantage of its significant growth opportunities and to execute the Company's growing order book and pipeline.'
Basically, the reason was the same as every other Bucket shake.... they had run out of funds. Out of interest, where is the SP now?
Well Colour, that is talking the unknown by you. We have not yet seen why the £3m float was made but assumptions were to rapidly expand the business. As you are so all knowing you can answer this, have you ever seen a negative floatation take the SP from 9p to 14p, immediately. Now there is a thought, why, why. To me it was to invest in stock for expansion.
So 9p to 14p, unbelievable even by your warped standards.
DYOR
That's it, spout your uneducated nonsense.
Anyone else, watch this from 16:30......... they were skint and held a placing inside 6 months of saying these words.
https://www.youtube.com/watch?v=hOX002zH5Zw&t=891s
Well Colour I am sure you can name all the ones that started with massive orders, apart from EESL who were placing them with unknown companies who had not made meters.
All of the others I seem to remember started with 'pilot contracts' was it 14 of them.
You remember surely.
DYOR
Here we go, what do you know about Indian contracts? Name one, any one, that started small and expanded.
Well Colour you must have tunnel vision. Most Indian contracts start small then expand.
L+T meters was considered a good sized home grown company and CC were imbedded in all 3 Indian majors.
Schneider takes the game one stage further. A lot to play for.
Dug into your Inst of electrical Innovation and it looks like USA is installing approx 8m meters a year between all of those companies, not a lot and as they only have about 140m for 100% US coverage so a couple of years and work runs out.
I think that is right. Still looking forward to a good CC rise, in anticipation of what's to come.
DYOR
250 Million gov. target across the country, this contract will be implemented at around 12,500 per month. Forget the 20% 50 Million nonsense. Today provides further proof on where CC will stand in SM India. For them to call it a contract from a new customer is also confirmation of how desperate they are getting. As you say tonyj, thank god they avoided the US market eh. 107 Million installs, delivered by real companies with financial clout and ability to deliver at speed.
Colour, get used to it. CC has always said one of the other, price or volume. They have broken your 8 month duck and still you are not happy. Schneider was going to hold L+T brand but obviously saw more gain in their own big name.
I feel that there is a lot more going to happen here, INDORE is about the only contract in India that has delivered on time, been showcased by Indian Government, visited by various states and countries.
Now get your mindset, unless I am wrong, Schneider has trusted CC with the full monty, a big risk for such a company.
They would not give it lightly so must be 99% confident. INDORE if you remember made money from the word 'go'.
This could well spread throughout India. Buy your tickets now (shares).
DYOR
Another small, niche, order and the 'new' customer won't let CC disclose the contract value or CC withhold the detail themselves? Given Schneider India are L&T rebranded, the pricing structure should be well known. The fact it isn't disclosed is typical here, and points towards the obvious. How a market upgrades the company value without this basic detail is the next question. 8 months of nothing for the new team, and a small contract with no value attached clearly isn't getting much attention either.
Without getting too carried away I could see SP rising to 20p on this order. Not because of its size but more its potential.
New era with Schneider a very big world player. To put their trust in CC completely must say they have high hopes for contracts in India. Now CC just need Intellismart contract and even further progress in Thailand.
I would then see us on the way to lift off price of 30p.
DYOR
The customer name grabbed my attention, Schneider Electric, that was all I need to see. Excellent news.
And confirmation that the order includes Omnimesh Cellular Modules as well as Omnimesh RF modules. So significant for this development of products.
LTI.
Good morning 2cv and all.
As you indicate, 2cv, an excellent order from Schneider Electric, India, from a new customer in Northern India, that commences delivery during Q3 2021. So the pace of delivery on this particular contract seems quicker.
Well done to all concerned at CyanConnode. Including the India Team.
LTI.
A respectable order quantity IMO.