Sorry Tony ...Hindenburg ...not ... Hildenborough...stupid spellchecker lol
Hi Tony. Just Google Adani Group/Hildenborough. It's worldwide news dor a while.
Sorry tony been a long day so probably me being thick and not sure what you mean.
https://wap.business-standard.com/article/companies/uttar-pradesh-discom-scraps-adani-s-rs-5-400-crore-smart-meter-bid-123020500780_1.html
Morning Tony.
Not quite sure what the Adami issue has to do with the RNS ball5 up? The issue with Adami will not be resolved quickly .
Like ITT it worries me that people who are supposedly professional cannot seem o do the most simplistic of tasks. The frustrating thing is the final draft should be signed off by JC before release and NOT amended by a third party.
The question I have is did JC actually read the draft given to him thoroughly before signing of for release? ( I would assume this were the case) or was it just a scan read and assumption it was ok? I find it hard to believe an external company working for CC would have changed it of their own accord, if they did they need kicking out the door.
Makes me wonder Lti. Does our news today put us at an advantage with what could be further opportunities? We don't know who the Framework Agreement is with as yet unfortunately, it does however allow that client to move rather quicker to progress any further work.
The companies involved in the cancelled tenders are not going to want to be left behind. I have been watching this news story develop hence had a further couple of top ups.
The RNS this morning could have even larger implications for CC in relation to this news story. My other consideration is that those in the political arena are not going to want the embarrassment of further significant delays.
Probably to do with this Gizmo.
https://www.reuters.com/world/india/indias-adani-shares-see-extended-sell-off-credit-warnings-kick-2023-02-06/
Been going on for a while.
Thought we would have seen a bigger rise. The incompetent who produced and released the RNS needs his ar5e chewed.
Let's see how the rest of the day pans out.
Rather like mine 2CV lol. I do think this is very different though .
I think its even bigger than that 2CV
Morning LTI ,I agree it's not an order. It is potentially the most important RNS to date.
A Framework Agreement ( and I have been involved in a few over the years) is about having a long-term partnership between client, supplier and stakeholders.
Framework agreements save time and paperwork they allow contracts to be awarded without the need for an individual contract for each piece of work and the delays this involves.
The Framework Agreement would also include KPIs and SLAs to monitor the performance of the supplier.
The client company could of course have Framework Agreements with multiple suppliers but this could be the most important piece of documentation CC have signed to date.
My belief is this has been put in place to avoid continuous negotiation around each tender and provide the ability to award contracts ad-hoc and speed up the rollout.
If there is not a significant rise this week I would be surprised. GLA
Tree shake?? Who's got the biggest ball5 ?lol
Funnily enough Colour just been reading this......
https://wap.business-standard.com/article/news-cm/genus-power-gains-on-bagging-order-worth-rs-2-855-cr-123013000609_1.html
Share price very volatile. Somethings afoot, just tried a dummy buy and sell.Tgw MMs appear to be chasing shares IMO.
Could berthed case ITT. Snorters had their fill, trough empty ......up she goes....rinse and repeat..lol
Hi Seawolf. Like I have said before CC is a Lifestyle Company for the main players.
The modus operandi over the years is the same, raise ,take salary, rinse repeat.
I'm just glad I sussed them out a long time back and adjusted my strategy to benefit from their games.
Sadly many didn't,those that did have low averages and an sit on their hands for now and see what plays out.
It astounds me that some o. here will defend them to the hilt whatever they come up . Next stop "free shares " as performance bonuses? .....let's see
Morning ITT. It would just be interesting to see the justification for the raise after the detailed cash flow that was indicated. They won't of course. Like you I'm happy with my average and way less that the current 17p giveaway.
You can bet if a major event does happen here the noses in the trough will become more and bigger. Certainly leaves a bad taste for those who have bought in at a much higher price. Next stop further free share awards or beneficial share options for the BOD?? As a positive the raises are now at least at market prices ........for now
Hi Colour. The trading update should be interesting after the way JC was bigging things up a few weeks back. It was clear to most a cash call was on its way " to fund the expansion etc etc" ....classic CC. modus operandi.When was break even to be achieved?
Penny seems to have finally dropped Tony. CC as a company are very predictable.
Remember Tony ...Lifestyle Business.
The share price will get nowhere near 80p in my view until certain people have had their fill. That said I'm with ITT not with his average(Well done Itt) but still in the low single figures overall so happy to sit it out. Still looks bad and demonstrates exactly what CC think of their smaller shareholders.