Member Info for emptyend

My understanding re India in particular is that the products are technically superior and are also cheaper than competitors - hence the occasional references to "being snatched out of our hands". To have the the two largest meter manufacturers as partners, in a market where power "losses" are 23% of output, should position CC very well indeed. Business in India is notoriously slow but, if you were running a utility with 23% losses and an easy way to reduce those losses via metering, it becomes a commercial no-brainer. Similarly there was a very switched-on Aussie at the AGM who deals with Thailand, Indonesia etc (not quite sure of name/role....perhaps someone here knows. Linked to E&Y or similar, I think.) Power losses in those markets, I'd suggest, aren't much less. It will be interesting to see what the Asian Utilities event throws up.

Just a few comments: 1. I got the impression re the VPs that many of them had "issues" about going to certain countries and that it was just as easy to cover from Head Office. Impossible to say whether that is a good explanation without knowing the individuals and context, but it also provides a cost reduction. 2. Re the indicated (nb NOT a forecast) £10mn revenue in Q4, that would produce a £5.5mn contribution to the bottom line, per a JST enquiry. Note that this does NOT include any licensing revenues - personally I'd be disappointed if they don't get a couple signed in Q3.....so say £6-8mn from that. 3. On the security issue, the explanation was that the client had not yet got their own systems in place and that the way it works at present is a temporary fix at the client's request (the explanation was more technical than that, but that is the takeaway). 4. I was interested to see JST in action. It is crystal clear that he has a strong focus on business and the bottom line - which is good, because the general feel of most others (other than HB) is that the tech is more interesting than making money......so any drift of bottom-line focus will attract JST's ire. I was reasonably encouraged by the AGM .......but the next 6-9 months are key. If they can deliver to expectations, the share price will be substantially higher by year end.