Member Info for 2cvguy

Well done on your investing decisions, can't argue with those.

But I don't think your diatribe was warranted TBH. Why does what other people do with their own money bother you so much, especially since you seem to be doing alright ?

Thanks for the reply, Jake. On the face of it, I don't think that is grounds for accusing anyone of pumping and dumping, unless you are suggesting it is the company doing it, which would be bizarre in the extreme !

I can't dispute what you say about the ongoing use of terms like potential etc, but unfortunately that is the only language they can truthfully use at the present time. However, I do detect more certainty in the revenue expectations (which may be wishful thinking) so I am of the belief that this will change.

I fully understand why you think differently and your decision to sell up, as with the many others who have come and gone over the years. Genuinely good luck in your other shares.

What I don't understand is why anyone else who's sold out previously needs to continually justify their decision with critical posts on here. But it doesn't particularly bother me any more, as real-life events will determine the success or otherwise of this company.

Hi Tony.

No problem. To be honest, I don't always entirely agree with your take on things, but that's fine I think. Just thought it was worth highlighting where you look to have made the right calls, in part at least, given the flak you get.

You appear to be using the term "capitalisation" to mean more funding required. I don't believe this is the case. I suggest you read ITT's very clear explanation at 9:15, which I am in agreement with, except that he seems to be suggesting it is for future development of a product as yet unknown, whereas I suspect it is to retrospectively attach a value to the R&D spend on Omnimesh - my reasoning for this being the oine that "such capitalisation may improve the reported H2 result".

Fair enough Dibs, I hadn't appreciated that you meant firm orders ... of which there were some references, albeit not as large as most of us would wish

Jake - the Investopedia definition of a pump and dump is "Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements". Which statements posted this morning do you consider false, etc ?

They might not let you on the plane in your swimming trunks, bob. Especially if you are all excited.

Thanks LTI, but it wasn't intended to be an appraisal as such, just the bits that are important for me, with a view to the future rather than the past.

One section I forgot ... "its technology outperforms against large and well-known brands, it works 'out of the box' and is highly reliable". That's in stark contrast to bb claims that there are problems getting it to work. Someone is wrong.

These are the bits that stood out for me from the interims. If they are mainly positive, that's just down to my nature I guess ...

"The launch of Omnimesh also signified the end of expenditure on a major software development programme".
This does sound like what Tony has been crtiticised for saying for months. I know to my advantage that software is rarely ever completely finished, but other than tweaking for specific customers the back has been broken. (Incidentally, I read it as the Omnimesh development costs which they would like to capitalise, not a new product, but this is not clear.)

India - "Minister of Power and New & Renewable Energy, R K Singh recently announced that all traditional meters will be replaced by smart prepaid meters in the next three years".
I seem to recall that a few meter implementations have been discussed on here and appeared to be just pre-peyment with no smart element. The Minister's edict suggests that perhaps this was not the case.

UK - "Energy Suppliers are now finding that dwellings with thick walls, or in blocks of flats, or in areas with poor mobile signal, are contributing to one out of three meters being located in 'Not-Spots'".
Again, Tony has been suggesting this for months, and it is not too much of a leap to go from 33% notspots to including dormant CC tech inside all SMETS2 meters.

"The Company is currently working on a sales pipeline of qualified opportunities of over USD 100 million".
Didn't someone claim earlier that there was no mention of the order pipeline ?

"The Company expects to require additional funding in the coming months".
We've all known this for a long time, so not a shock. However, many have been confident that a placing would have happened by now, so best not to pay too much attention to speculation from either side of the fence.

"The Company remains on track to deliver full year management expectations".
The detail of what management expectations were has been lost to me ion the mists of time, and I can't be bothered to look through the RNS's etc at the moment. But aren't we expecting full year revenue of £7m or £10m ? IF THAT IS CORRECT, then H2 revenues will be anything but a car crash. Always have to compare to the expenditure of course, but the company is telling us that costs are still being reduced.

Just my thoughts FWIW. And although they may appear glass-half-full ones, a quick look at the CC entry in my portfolio ensures I am not getting carried away.

That's why I said " If CC are allowed to ..." ;+ )

Thanks for posting your explanation of "capitalisation of expenditure" - that is more or less how I understood it.

So, it's just a normal accounting practice then, and nothing "dodgy" (except in as much as accountancy in general can be dodgy !). I fail to see why the phrase was being highlighted as something to be concerned about. If CC are allowed to capitalise the R&D costs then this would demonstrate that there is value in those costs and the product.

Hi mate. I did already follow you, my username is 2cv_al. Stealthy managed to follow me back, so I think you should find me ok? Well done on the continued buying - I've grabbed a few myself but limited funds and trying not to unbalance my p/f more than it already is.

Without an RNS it's not possible to say with certainty that the 3m seller has finished, so the spectre of him might hang around for for a wee while and be enough to deter some buyers.

As most of us seem to agree though, just a niggling annoyance which will be forgotten in a few weeks or months.

Who (if anyone) enforces the notification rules ? And what are the penalties for non-compliance ? Anybody here know ?

BTW, I'm not asking for myself or "for a friend" - it ain't me selling, honest ! It would be nice to have that many in the first place.

Agree, it won't be Byron - that would have warranted a PDMR dealing RNS by now I'm sure.

If it's a single entity and not enforced / distressed selling then why now ? At this stage we should be on the cusp of a sustained rise in SP. Even if it was a modest rise, it's got to be worth waiting surely ?

BTW Kev, I've tried to DM you on Twitter. Can you let me know if it worked and I will give you my email address ? Cheers.

I've taken the plunge and signed up for Twitter, and I think I've Followed you successfully. But bBeing new to all this social media stuff, is that all I need to do for you to find my email address ? (it will be obvious which one it is)

Thanks Kev, that's most kind of you. I don't think I can DM you on here without a Premium account (unless anyone knows better) but will look into it some more. I am not currently on Twitter either, but it might be worth joining up just for this !

Dreaming.

I asked the same last week - see Kev's response on 24 Aug. His suggestion was to email Justne James at Gable Communications, which I did and was impressed to get a quick reply. Unfortunatle she could only suggest I email the author of the report and gave me his email address. It's been a few days but I haven't had a reply from him yet. Good luck and please let me know if you are able to get hold of a copy.

I never imagined a simple "possible topic for the AGM" would turn into this kind of sparring match.

I'm tempted to think of an innocent comment to kick off another spat tomorrow.

Anyone like to guess a truck count ?

Isn't it odd how wimmin don't appreciate practical gifts like that. Mine bought me a set of chisels once and I was delighted with them.

TF - it was the full version. I only really listened again to the first few minutes of introduction, so potentially have not allowed for any context added later on. However,the introductory words should be able to stand on their own IMO.

That said, your suggestion that many of us misunderstood seems to be plausilble, given that there has as yet been no monetization (using the strict definition of the word).

Half wishing I'd not brought it up now, as it was discussed in length here at the time and (again) it's not a worry for me.

BTW - my interpretation of "very" near was CH's slight stutter on the word "THE", making it sound like "very".