Member Info for tonyj

Morning All.
JC comes up with these surprises. I am inclined to go with ITTs line of thought. If the investor was that keen they could have bought on open market. Then however this eager invester may be getting a tax break, buying at a set price, adding to the CC funds. I don't think CC needed this cash so was it done to cement a deal. As JC says it is allowed for. After all the share increases this is minor. If it gets us a big contract then I am happy.
DYOR

ITT, Hardman probably was saying that, the provisor being if I remember was that it was based on actual contracts.
We are currently talking about these 40m contracts and probably more to come short term.
Also I seem to remember Hardman about 2 years back giving high predictions which Arden countered.
Is Hardman taking no chances., ,

Well Seawolf. CC has had several times when breakeven was in sight and on most occasions external changes have intervened. There are 2 factors currently in CCs favour, monthly income a new concept and bulk orders comparitively new. I think breakeven is in spitting distance.
DYOR

You have come back into action then Colour, LOL
It is all going well.
Just waiting upon these 40m tenders.

After noon all, Sunday again
Further to my Fri 17:26, I have contacted CC and understand the module shipment agreement stands, 30-60 days settlement or letter of credit, so no change.
Whilst OPEX is the overall objective I suppose the conditions must differ from contract to contract, I gather it is mainly the software that is affected by these new arrangements. The upside will be the monthly income will be continuous so no debt collecting there and I think early contract completions are still covered. The new large contracts would set up CC with a regular income.

So it is now back to the sales pitch and hopefully not too many generous discounts.
I think Hardmans figures are a bit too conserveative and should change if we do well when these new tender results arrive. If we get 20% of 40m units, going on past figures that is likely, I think we should be looking min 50p SP.
If these and next generation of tenders get 20% over coming twelve months there should be no looking back.
DYOR
Yawn.

Thanks for that LTI, most know my overall support for CC but I am trying to picture the effect on new viewers. As you know most contracts say to be completed by etc. So that is the contract span, say 36 months, now on a future contract where all went well and it got completed way ahead of schedule who foots the bill while say another 6 months of payments are awaited.
I think JC will agree he has championed CC up to a breakeven point of 2022/23.
So what is this new Contracting Framework in detail, cannot just say it as a known.
CC were going to get paid for their services as we went along, now we are getting paid in dribs and drabs.
It is probably all satisfactory but this intervention of OPEX was supposed make the money flow for Utilties who would early completions of massive orders. Again I understood CC got paid as normal. A detailed explanation of the variance needs to be laid out and what on a month by month basis the effect will have on CC and will it change our breakeven date.
Observations from others please as I may have misread situation.

Well ITT/jake.. that speaks for itself, possibly one sell.

Hello ITT, I agree with jake. These so called late trades are not included in fundamentals or the mid price ones.
Hello All, I am not impressed with this new payment, CC has been waiting for the 2022/23 period to start making cash.
I do not know if the understanding we have Genus, COD, is still on or we no longer have the Credit Note agreement. Recently, Assam?, we had a contract where there was a bonus for early completion. So if we complete a 3 year contract in say 2 years do we have to wait the third year for money we have laid out.
I must say I was of the understanding that the new scheme did not interfere with our income and that these payment arrangements were between the Utility and the Finance House providing the funds.
Have I got this totally wrong LTI.

Hello LTI/ITT besides CC falling during last couple of months I think the current SP is being held by market overall.
Don't forget much of our profit, as with Genus, is upon delivery not after 3 years.
Also 20% is maintainance; scenario 20% of 250m = 50m, 20% of 50m is 10m, so servicing will continue after installation at the value of 10m units per year. So if 1m units = £20m then 10m = £200m. per year.
Now thats a cracker, its the way I tell them, LOL. (For the older members)..
Definitely DYOR

I think you may well be right ITT.
To start delegating specific jobs is interesting, I recon volume is about to happen in probably 5m unit packets.
Accounting is now the oder of the day, money in from debtors on time is inportant and to see where your outflow is going.

Morning all,
A personal view is that the current CC SP has nothing to do with its value at present. A list I have of prospective share buys across the board have all taken a deep dive. On achieving the recent 1m unit contract with Genus I was expecting an SP of between 25 and 30p for starters. If all OPEX/TOTEX arrangements remain in place I feel that CC will get a fair amount of the tenders on offer; and way beyond that hen the next round of tenders see the Omni progress.
Only my opinion but I would say that CC is in the best position I have seen ever. My view is we are looking at what we will get, not will we get it.
DYOR

Morning All.. No change then.
jake, are there any time rules for directors after an event, I don't know. JC has well over £1m invested already plus they have options later. On Chips I assume these new plants, US, India etc will be next year and CC has purchased current phase. Remember years back when Chips were pennies.
Colour, I don't think CC had involvement in presentation which appeared to be remote (home). I was not impressed with the video aspect but that was first shot and organised by Stock Exchange so should do better next time; Green is the colour of the day.
I don't think funding will be a problem as long as Heather can collect debts on time.
If we get 20% of the 40m units on tender I beleive that CC will achieve at least 50p
DYOR

Colour in my opinion CC is a strong buy and should be well above 30p. The SLA requirement brought India smart to a halt where it applied. I think the tenders running were at 37m units, now 40m, but I think most preparations were done so like Assam and Bihar I recon a lot of these will have immediate starts and become the norm.
I think JC is well into CC financially so the commitment is there.
I we get 20% of 40m untis I beleive we will see 50p > 100p > 150p.
Reading world press I get the feeling that Chips will tumble in coming 12 months so that problem may fade away.
The £600m target mentioned on update if coming to life in a shorter time could see CC SP at 300p within say 5 years.
Only weekend thoughts, DYOR

Thanks for that LTI.
With the amount to contracts, recent new contracts and a proportion of the 40m tenders I feel the coming months, if not sooner, will see a large SP rise. I would have thought that currently it should be in 30p region.
DYOR

I agree LTI, one presentation does not define a company.
I was wondering if the companies were tempted by Stock Exchange to present a Green Format for their Awards.
Everybody has moans from time to time but CC is doing well in all the countries where contracts have been signed.
It takes a lot of organising for a small company to the disparate field of Smart with so many countries involved with their requirements. UK was the simplest one but look how that has dragged on, the UK Government has too many committees. To me UK would have been long finished if using RF only with SMETS2.
With the volume to contracts ramping up in India I recon we will overshoot the conservative figures quote. You could see JC wanting to generalise overall future figures, was it £600m.
I feel that this round of 40m units will give us a good signal, anything above 8m would be good.
DYOR

Morning ITT.. Whilst jake is contemplating, I was not impressed with presentation, I feel it was more the set up than what was said, preferred previous one with face to camera.
jake regarding JC share price don't you get more for your buck the cheaper it is.
I think CC is doing very well with new contracts and that we will get a good return despite the figures being banded about. Suggestion that CC may get an equal amount RoW to India bodes well.
My eye is now on staff costs in India, it is alright getting all these influencers on board to develope organisation but there must be a limit. If we have reached that limit then the increasing contract numbers should have less costs attached.
Don't loose sight of the fact that production wise CC is at its best.
DYOR

All.
Wait until after presentation before worrying.
I see these new contracts going well for CC + existing +MENA +Thailand.
I there are any concerns regarding finance and payments I recon JC will cover this.
I think our drop is around world market and world currency which we have got attached to by accident.
Only my thoughts which are probably worthless.
DYOR

Alright ITT, get an extra glass out for me, as I understood it CC were getting paid on delivery to Genus with Credit covering the one month transit. I thought OPEX/TOTEX was for the other Utilities to loan off finance co. and CC were getting paid on installation, JC may cover this on presentation.
DYOR

Crikey ITT.. Put the bottle away, you are almost depressing me, that takes some doing.
September 2022 was stated on contract RNS. That Hardman report may have been intended for same time and got held. There are a lot of big players in India, not for the pleasure of it, so money to be made.
CC has prepared itself for bigger deliveries and that will happen.
Don't get morbid, the market is in turmoi for other reasons, I am looking for positive outcomes with what lays ahead.
If it does not happen then so be it but I think it will.
CC is a small company don't think of it as a FTSE100. The product has done well with GoI so progress is to be had.
DYOR

Morning ITT..
I try to take the overview, what's on offer, what's to come, looking at 50m units of India's 250m and possibly more
I have worked on an income of 1m units = £20m. Costs vary per contract and this years Indian senior staff costs have risen. On the flip side orders have increased dramatically and I think will again before yearend.
I feel Hardman was out to please a couple years back and then tried to cut back. As you know these things yet noticed. My opinion is the work will increase rapidly and as long as JC holds back on staff numbers profits will rise.
Things take time but I was hoping for 1m units a month production within the next year.
DYOR