Is somebody in the know regarding next RNS. We had this flourish of buying last month which did not last but I feel that with the changes in circumstance in India this time the people in the know, mainly employees are about to make good any past losses. Newbies will probably do well because of the low start point.
Yesterdays 8m buys should have reached an SP of 3p. compared to what triggered recent drops. I think Greengrass is right that there will be an RNS possibly Monday.
Hello tony.s.. The only trouble with this select group its that apart from being told of the closed shop, nothing more. I have mentioned this division of high level companies including CC.
CC should now update us on what is envisaged as the outcome of this new venture.
That would set matters right and make shareholders and onlookers aware of the prospects.
ITT, anything like that is a worry.
LTI, thanks for that. Trouble is over the years these things have not played out and we are at this stage.
However if these contracts get signed and the EESL division starts to bear fruit and of course UK start to round the bend then things could still turn out pretty good.
I think the worry amongst the brethren last time an urgent announcement had to be made re SP was that it was left far too late. This time will there even be one.
As we know Itron bought a Smart RF so is somebody else looking. At this price a snip.
Now is the time for a statement from CC.
Colour, I take your point but do I sense an element of panic in you.
You have played a major part in denigrating CC so you should be pleased.
We still have those 2 contracts to be signed, more like a toothache.
And the outcome of this new EESL alliance.
Year-end has obviously been put back to accommodate these possibilities but shareholders should have been told not just slid out in an RNS as if normal. The logic of the action is there but I have many friends in London who to say the least are very unhappy.
These deals and actions are all doable but shareholders should be informed.
Thanks for that jake, shows it works well. What is the update on that, must be all finished.
Are they in India, CC is now involved with EESL, I might be wrong but didn't Silver Springs get taken out by Itron.
Any way India comes down to cost, speed of connection and reliability but cost being priority.
Well Vas, like everybody I would like an update.
Last thing back a couple of months, was I believe that the embedded software was being tested.
If this has been achieved then the next step would be BI to sell the meters with CC software inside to be activated if the customer requires..
If the customers hear good things like Indore they could be tempted to try the same and it just has to be turned on, at a price but quick.
Just because India is slow, but not for long, doesn't mean CC is, and Canopy system is quick. We could have done with that in UK. Mysore did well but things have to move faster to be cost effective, Indore could well be that of course if we are the lead in that installation.
All, I must admit that after several attempts to get a monthly report even I begin to wonder whats in the pot.
Enough to get us through next 3 months hopefully.
I do not have a STOP, which is unusual for me, but it was the product I was following.
CC, obviously at great expense, has got it up to this advanced Omni stage which apparently is very useful and if they can get over this final hurdle, and Indore seems to be impressing even the less interested, then CC stands a good chance.
At the end of the day India wants to cut its massive generating losses and fast. If CC shows a light at the end of the tunnel then they will probably grab it. This is for Private and State facilities.
BST, say it anyway you like. JC did not have to declare costs on a monthly basis. So we would have been none the wiser.
What we have now is a one sided declaration. I am not interested in the niceties of book keeping. Every month there must be income but we do not know it, so why do we need to know costs. The two run together.
If you only had outgoings in your bank account the manager would soon be after you.
Costs are necessary to achieve income so declare income.
Think it out BST this one sided approach is depressing the SP
woolley, understandable, I think we all have similar thoughts.
If all our costs are contained in the 460k monthly outlay then any income must be separate.
There must be old income from Connode's all haunts, Mysore, this Indore current installation, old Mumbai, Connode's old Mumbai, of course UK if not getting close to return nearly clearing 500k units.
If income is only 100k per months it is that would make costs 360k.
Hello Vas.. Yes it will until CC declares monthly income, little or large.
JC made the mistake, under pressure, way back of forecasting monthly costs so that all and sundry could make a monthly prediction of losses.
Nothing wrong with that except that without the counter information and no contract news SP will just get eaten away.
I am sure that there is a flow of income, if not why not, but only declaring at end of year creates a oneway street for SP.
Colour, have been out all day. Last post were my obs not facts.
Under the circumstances, as Greengrass says, JC needs to make a newsletter or RNS with some facts.
I think that we will progress out in coming weeks but do need to know situation.
Right, jake.. A bash at it. CC said they were waiting for contracts in a few weeks. That did not happen, not that it is not going to happen, you could logically turn a week into a month in India, which we all know.
So CC has forestalled year end by 3 months, does not mean things have changed, just hope the cash holds out but returns are coming in.
So we now refocus, Mysore went well and must be producing income, Indore is the current point of interest and reports satisfaction with installation and loss of revenue, wants to expand quickly, others have shown great interest.
BI should be online now. UK is moving towards break-even.
This new meeting of big companies in India should prove valuable to CC.
Small companies run close to the wire, its a matter of not getting throttled.
Colour, once I'm again breaking my rule. You are talking rubbish. Unless you know otherwise.
I am sure India and PM has looked at situation, thought this is not going to work, and decided to create an active infrastructure. Not meeting every six months but possibly twice a month. You saw the companies Secure, Schneider etc involved, they are not playing, they want it underway but with a controlled outcome. I think CC will do very well.