Member Info for Colourbounce

Chuffedtobits, be prepared for radio silence on YE.

IMO there is no way JC will let that info go out before a Q&A, not a hope in hell.

Only ask the questions everyone already knows the answers to...

'Whilst the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market.'

It's really very simple tonyj. Record revenue in 2023 delivered a 3 fold increase in losses against 2022.

Current model confirms the higher the revenue, the higher the operating loss. As a backdrop I am sure we will see hefty increases in salaries and bonuses for JC and HP, whenever they choose to let us know.

And lowering the SP is of benefit to.......?

You mention this on every drop, so you have a very clear understanding. Care to share it with us?

'Not a single meter has been installed yet. MSEDCL cites ongoing work for the installation of Gateways, a communication device at electric poles, as the reason.'

This clearly states installation of Gateways is in progress. CC have not disclosed an order so you can safely assume this part isn't going to be a CC contract. There are many Gateway providers across the globe.

'the company would also like to advise that john cronin and heather pea**** will be participating in a q&a session for investors in the coming weeks.'

it's taking them even longer to make up their own questions now. just post the ye results now and we can all get on with it.

Thanks for the additional info LTI.

That really confirms the shocking state of finance. Costs way too high, margins way too low. If any doubt left, the begging bowl came back within 4 months.

Just RNS now to say if this years financial view is better than the last 5hit show.

Financial highlights

· Increase of 23% in revenue to £11.7m in FY23 from £9.6m in FY22, the highest annual revenue for the Group to date after four consecutive years of growth[1]

· Reduction in gross profit to £4.2m in FY23 (FY22: £5.0m) as a result of lower margin sales of third-party products

· Increase in operating loss to £3.3m in FY23 (FY22: £1.0m) as a result of lower gross margin, higher operating costs and a £1.0m impairment of intangible assets

CC's central role in this will be highlighted in the upcoming Q&A.

Well done all concerned.

Q 1......How long does it take to organise a Q&A?

The reason this needs confirming at the Q&A. The Gross Margin drop to 36% led to Operating Loss over 3 TIMES higher than 2022. This is the reason you can buy in at under 9p. Currently, the higher the YE revenue, the higher the YE loss. That Gross margin % figure simply doesn't work with JC's business model, simples.

It's half where it was, and falling fast. I won't waste my time looking for the next trapdoor. I've no questions that this board will allow past filter . Check the largest % revenue through YE 2023, India are pathetic on the scale and I fear that is their ongoing game.

Just ONE question for the joke Q&A tonyj.

Is the 2023/24 Gross margin going to be stated above or below 36%. They won't answer it, they wouldn't dare even entertain it being asked.

Forget the JC nonsense on the £ per million unit revenue, that is long, long gone.

Major commercial action was the threat after the last election 5 years ago. Yes, this years election is holding things back, but this is India. The election will pass, contracts will roll forward, prices and supplier margins will be squeezed time and time again. You never know, one ot two larger corporations might make some money sometime.

The primary CC mouthpiece here has conceded another placing is due.

It will be sold as a 'growth' fund raise. For context, the last one in November 23 was at 10p, before that was January 23 at 17p.

Not sure where the growth bit comes in, these have both been survival based, as has every placing before. Simple fact, £16 odd million revenue does not cover costs with the Gross margin they now land on. All staff appear to have share options, free BUPA and decent pension provision, it's almost like they are working for a proper company!

It can only be the falling margins. Hitting revenue expectations won't cut it with the huge overheads now in place.

Today, we have made the incredibly difficult decision to cancel Middle East Energy 2024 in its entirety. Please check the website for a full statement later today. Visitors, exhibitors and contractors should not make their way to the venue at this time.

I'm guessing team CC have been there all week anyway.

Someone call the Matron.

'But I still believe that John was correct to highlight the situation, via his blog, to share-holders.'

The fact you never saw it makes this comment a joke in itself.

We are excited to announce that CyanConnode is the Silver Sponsor of The Middle East Energy Leadership Summit.