Member Info for Colourbounce

It was clear, early doors, that a day off would be a good idea : )

Please, just stay away from numbers. They are important indicators, have been for centuries, and some simply cannot grasp the concept of them. As for U turn, I think maybe reading isn't a tonyj strong point either lol.

Any chance of having a day off today tonyj.

tonyj will answer that jake,. If you can interpret any of it you will be doing better than most of us.

Yeah, of course it was.

Give me strength lol.

Does it help? I really don't understand where it puts the financial position to be honest

Yep, I can feel an 'it's always darkest before dawn' moment coming soon.

To be very clear, that was not my point of view, or endorsement of this company. I said I would ask what I wanted and got answers I posted word for word. Basically tired of so many posting their own views presumably for their own agendas. Don't ask questions here, get them over to CC and see what response you get. If they can answer, in my experience, they will.

Lol. Not wishing to be Pedantic, but I believe a Monkey has only 2 legs. Saying that I have also witnessed plenty of legless Pigs.

You do love a Four legged analogy.

I can't get too enthused, as a long term doubter and now Leopard it seems. I will always go with facts, and this information is unquestionable. If it does dial in as it should, maybe CC will have the foothold needed. You know me Vas, it's as positive as I get after so many years lol.

Welcome Vas, that is how it reads. I can only assume it is accurate, but if it is they may have turned a corner in India, who knows.

This is the worded response today Vas.....
The contracts referred to in our annual results were contracts won last year, which helped contribute towards the revenues last year (and in some cases are still at various stages of deployment).



The contracts referred to in the Arden note are new contracts currently at various stages of negotiation / going through tender. With regard to our RNS’ we do need to be cautious in terms of the level of detail provided on contracts especially before they are awarded because while we see the benefit to giving information to shareholders, from a commercial point of view we don’t want to give too much information to other parties who have been bidding for contracts.

No problem Vas. I have had it confirmed (today) that the contracts mentioned in the new Arden note are indeed new contracts.

Can only assume you are referring to me. All I am doing is what I said I would do. This is not a company endorsement, I simply put some questions up and they were answered. Try it sometime.

This may answer it...
Many of these contracts (in India) which we believe will be won (totalling more than £15m) have been going through the tender process since before the end of last year. Being government contracts the tender process, through to award can be a lengthy process often taking more than a year. We generally forecast taking historical data into account in terms of timing. This year that process has taken longer as a result of the Indian elections. Tenders could not be awarded from the start of a ‘code of conduct’ which started about 4-6 weeks before the election and continued until after the elections. Since the election the government has been working on various policies relating to the smart meter rollouts and this has further delayed the awarding of tenders.



We have felt confident (and still are) about winning these contracts as the specs of the tenders were very much suited to our technology and in most cases we have partnered with more than one of the prime bidders for the tenders we’ve had in our pipeline. The tenders have been moving through the processes and some are very close to award. In some cases they have been awarded to partners of ours, and we are negotiating contracts with them. All of this has taken longer than we expected. We originally expected the contracts to be awarded earlier in the year, but things have taken longer. Other opportunities have also come up during the year which we are working on, which is why we have been confident we would meet market expectation. We haven’t lost any of the contracts, they have simply slipped and we still expect them to be won. The reason we now feel we won’t meet market expectation is that we would need to be ordering in large volumes of components to manufacture goods, and don’t feel it is the right thing to do until orders are in our hands. The reason we always said we’d update the market at the end of October is because we have long lead times on some of the components.



In addition to the above, there is a large contract that we won last year that has also suffered some delays also as a result of the election. We originally anticipated more revenue to come through than is now likely to come through.



We still feel positive about winning the orders, and are confident in the outlook.

Morning Vas, very good point. I have sent same for a confirmation on this and will get back here soonest.

This from a recent Arden analyst note -
The group’s commercial trajectory in India continues to see delays. Management originally expected four contracts in India would drive a H2’19 rebound. Of these, three have already been awarded to CyanConnode’s clients (e.g. meter manufacturers) but contract negotiations are ongoing. One is yet to be awarded but management remains optimistic of an eventual favourable outcome. An additional existing contract has also seen a slower than expected ramp-up of deliveries this year, reducing the group’s expected revenues.

These 4 contracts are valued circa £15 million, and they are expected to land. Current M/Cap just over £4 million.

I was given detailed answers to my questions and can do nothing more than assume the information is correct.

https://youtu.be/kgdQNAnowuQ