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Wonder if Zeus know anything about CC's % Gross Margin going through the floor yet.
In a significant move to modernize its power distribution system, the Government of India has initiated the Smart Meter National Program (SMNP), aiming to replace 25 crore conventional electricity meters with prepaid smart meters over the next five years. This ambitious ₹1.5 lakh crore project is set to transform the operational and financial landscape of distribution companies (discoms) across the country.
India will choose the cheapest cost, from a solvent provider. CC are neither.
I fully expect the next Placing very early Q2. It needs doing before the Indian GE, if only to gain support in belief that after the elections the flood gates will open. It's a win win for JC, he's not going to miss this open goal, unlike the one missed in the UK Rollout.
Take a closer look at the dramatic 'increase' in staff. Yes, they did create new positions, not sure anywhere near the 60 number, but they did add a fair few. From what I can see the vast majority were filled by staff already at CC. It's now hard to find a member of staff without the 'manager' title. All a pathetic excercise, but it keeps some happy I guess.
What is the new smart meter in South Africa?
Electricity Smart Meters - Mobi Power (Pty) Ltd
The new OMNIA smart electricity meter is based on cellular IoT. The new smart electricity meter can automatically switch between different cellular IoT technologies meaning energy companies can rely on different solution providers. The smart meter is open to support future technological and firmware advancement.
Last effing chance more like mate.
We won't know too soon jake, this cash cow has got another couple of years of giving to very well paid positions. Conversation between major holders, and BoD, must surely be taking place now. And don't rule out HMRC taking a very close interest in the many years of R&D rebate.
Another delicate one tonyj ( ;
Buys in Jan 22, sets up new BB profile, loses half stake by March 24, now posts twice daily in total frustration. Keep it up, this is all this BB is good for really.
I'll keep calling the company out for total incompetence though.
Investor evenings just need to be attended by nodding dogs. Traderz and the likes are a perfect audience for JC.
With the time lapse between orders being placed, and installation starts, I have little doubt that orders are being cancelled. JC knows far more than he has said, and that news will break in his own time. The $10 million Bangladesh contract, won in 2017, STILL hasn't been officially advised by the company as cancelled.
So, you don't think JC's analogy 'With Advanced Metering Infrastructure Service Providers (AMISPs) vying for contracts, a concerning trend towards prioritizing lower upfront costs over quality and long-term reliability has surfaced', needs any further comment from the company? Anyone who is happy with a CEO saying this, without clarity of why, is sadly deluded.
The company needs to clarify just what was said over the weekend. It's this kind of constant bungling around that holds back the business as no market could ever trust the way they go about almost everything they touch.
JC has shared his knowledge with already, on the concerning trend he is seeing. I think it's high time this company considers its leadership options.
When JC decides to let the news break officially, probably after the next Fund Raise, we should know the way India is moving. Sounds like 99% SLA's are a bit too costly for the majority of this nation. It explains the stalling contract flows anyway.
We know exactly what JC would go on to say LTI, that doesn't even need reading. Fact is JC is seeing a growing ' short-term gain philosophy' and is concerned by it. What part of that don't you understand?
India is moving towards a low cost, less bells and whistles option, and JC is offering his view why he thinks it's a bad idea. The conclusion there is simple fact it's happening, and an opinion against it.
I am pleased, at last, JC can actually grasp a real time reality of that target market he is aligned with.
It was posted on linkedin under Cyanconnode India yesterday.
I'm guessing not just his thoughts, JC has clearly got information he finds 'concerning'. This from a CEO that says nothing in general, he puts it out under the radar. He also confirms it is a trend, so must be seeing it from many directions. An official RNS will confirm all.... in about 9 months I'd say.
'With Advanced Metering Infrastructure Service Providers (AMISPs) vying for contracts, a concerning trend towards prioritizing lower upfront costs over quality and long-term reliability has surfaced'.
Today at the India Smart Utility Week (ISUW) 2024 in New Delhi, Mr Anil Rawal, MD & CEO, IntelliSmart Infrastructure Pvt. Ltd., shared his insights into the challenges encountered by Discoms, AMISPs, and OEMs in India.
Delving into the topic, Mr Rawal talked about the RDSS #smartmetering initiative, currently the largest digitalisation programme underway in India. He emphasised the programme's potential impact on enhancing the overall operational efficiencies of #power distribution companies as well as empowering consumers.
He also highlighted the significance of #workforce skilling, on both the AMISP and Discom sides, to effectively handle the backend infrastructure of 250 million smart meters.
In addition to Mr Rawal, the conference also saw Mr Sumit Grover, Chief Financial Officer at #IntelliSmart, addressing the topic 'Financing Smart Meters – Constraints and Possible Solutions.' Mr Grover discussed the categorisation of infrastructure to unlock additional funding opportunities for the smart metering ecosystem.