Member Info for Colourbounce

Omnimess isn't needed. They couldn't sell it before C-19 and I doubt they will fall over themselves to take it after. India are a classic busted flush, nothing to do with current events.

No no. They are not losses because they top up with a placing and it all balances out. And everyone gets paid, and bonuses and everything. They are all working remotely now, exactly what they are doing is anyone's guess but JC loves it !

I wetht my cath LOL

There's Thickstoopid and there's tonyj Tedders, a whole new level.

Would you like me to find a few posts where you predicted good income for H2 2019 tonyj? I can post them up for amusement if you would like, some of them suggest you thought £7m was still viable, and that was long after the £1m H1 figure was released. Let me know? LOL.

And there's nowt to worry about eh tonyj LOL

Soon being end of September? And turnover never seems to correlate any margin with this lot They can turnover a record £4.4 million in 2018 and lose a massive £6.3 million in doing so.

There is the joke in the business plan Vas. £1 million income in the last Q, and it's held as a Post Period Highlight. If they manage to replicate that through the year, it's yet another thumping loss at YE.
Think I have said it before, they have no idea what they are doing. IMO.

It's probably a disgruntled holder, narrows it down a bit. Can't think why they would bail out now eh?

Last 4 years, Virus free.....
2019 Revenue 2.3m Loss 5.4m
2018 Revenue 4.4m Loss 6.3m
2017 Revenue 1.2m Loss 11m
2016 Revenue 1.8m Loss 8m

This bunch report every one of these as great years for the company, they have no idea what they are doing. IMO, and I have done the research for you : )

Far from worked up tonyj, I find todays report really rather amusing. Revenue slides 50%, but it's fine because they got the costs down slightly. The reason the costs are down is because business has halved. The correlation has been evident for years, which is why they never get closer to break even, do you not see it yet?

No No, I am talking FY 2019 against FY 2018, loooong before any Virus, why did the revenue halve?

Next time you talk to CC, see if they can tell you how the revenue halved since 2018. Given it's all reoccurring and more connections than ever.

Just post it here and I will take a look.

tonyj............this is YE 2019.
Operating costs reduced by £2.2 million to £6.9 million (2018: £9.1 million)

DYOR

Wuhan comes out of lockdown and the first thing they do is open their live markets. I really hope the world remembers when this is all over. Trade and travel should be a global ban for all, they need isolating for a very long time.

There is a business plan, it was produced and posted in an RNS report a few years ago. We have covered all this recently, much to the annoyance of the Nodding Dogs here and CC themselves. The report has been taken down and they advise it was never a business plan. It just showed what happens when 10 million connections are achieved and how long the curve takes to break even/ profit once income is realised. It was very much like a business plan, the only one I have ever seen from CC, but sadly it was just a Doodle while waiting for the next order cancellation.

The Omnimess product gets a mention, is that new?

You really need to see the business plan, that wasn't. It is accurate enough, 10 million connections would give around £15 million pa revenue. Costs would increase to around £14 million, the reduction seen to date is purely due to the bulk cancelled orders . So CC were correct in their numbers back then. The road to break even lines crossed after around 8 years based on 10 million connected. It is discounted as non factual now because CC know they are nowhere near 10 million, and probably never will be. IMO.

These figures are results of having circa 1.5 million connections. To get to break even I calculate they will need around 10 million. This will line up with the business model that was strangely deleted and denied as existing in the first place.