Member Info for tonyj

Laptops playing up, definirely strong buy from my view.

Definitely wrong buy from my view.

Morning ITT, could it be that it is just Ardens change of ownership and being slightly cautious. Dont forget that CC are constantly saying they themselves are being conservative, so you might say underestimating the future.
This entry into Enlit territory is the one to watch.
DYOR

Yes Colour but didn't CC get a 1 million unit order for Bihar starting immediately. What happened to the sticky element, why didn't EDF get that order.
EDF got its order in 2018 and took all this time to achieve 1m so what went wrong, was it EDF who said they met abstacles along the way. Do not remember CC having problems when they rapidly installed the INDORE meter system and got 'showcase' status from GoI.
Think wisely Colour EDF, a big company, took all that time from 2018. Probably did the job OK but may be BIHAR are having second thoughts.
Only an observation, DYOR.

you may be right ITT but the market generally is in a mess.
Wasn't it 2 weeks back that CC got a 1m unit order from Genus to start Sept 22.

mcgoof, I do not think it has anything involving CC directly, it is probably all the bad news around the world.
Possibly now is the time to top up, may not see this again.

Well Colour whilst JC is probably making some good appointments I think he must be confident of a large income in next 6 months, way in excess of the conservative estimates.
I would not be surprised if he expects massive earnings as India gets underway.
DYOR

Hi jake, makes you wonder where CC is in speciality market, when JC was commenting I think it was just Smart Comms not IoT etc, CC may still be on simple side of Chips.
There must be a large amount of cash floating around the market so if by chance the next few weeks shows CC to be a very good bet then possibly a chink of that cash will look at CC shares worth holding.
DYOR

jake, I think the reason why UK and ROW didn't bother was that Chips were 2 a penny way back, seem to remember JC commenting. Presumably from what they are made of they will return to that price with all the new factories emerging.

ITT, having a quick look at RENT and charts it is probably a good move I feel. could well have bottomed at $2.98 and the chart is fairly easy to read. In my opinion good chance of a bounce there.
Having said that all markets are uncertain.
Back to CC, jake BOD skin in the game questionable, skin out the game very questionable, cant win there.
I don't think we should worry too much about cash as long as JC calls a halt to collecting senior appointments, as tempting as they are.
I recon all 3 majors and possibly up to 6 manufacturers will cover with credit notes, my reasoning is product proving very well with Genus, mark up on modules high, risk element at about 1 month (transferring from module maker to manufacturer) and CC having never defaulted.
DYOR

Hello ITT/Colour.. a puzzler from the aspect of getting 1m unit order and a total of 2.6m order book, that being only the starter. Sentiment should have given it that leg up considering it achieved 29p this year with I think 800k units going through.
I was hoping for Hardman to update as it that sort of review that catches the wider market.
Taking the present state into account and that JC said we should see a good part of the 37m unit tenders mentioned some months ago I would have thought we would be past the 50p mark.
Is it that people have sat on their hands for such a long time that they can't believe it is happening; however now is the time to buy before these new orders start to be announced. GoI did not help much by not saying when SLA assessments were completed.
DYOR

Hello jake, was that the one:
https://www.business-standard.com/article/companies/sector-majors-line-up-for-power-ministry-s-10-mn-smart-meter-tender-122083100911_1.html

Well hopefully Colour Hardman may put together some totals. It appears that contracts in future could often be in excess of
1m units. The new arrangement with TOTEX will probably unleash demand all over India.
The 3 major manufacturers (Genus to start) may place the biggest orders in co-operation with Intellismart.

Agreed Electric.. When you have got the product you then need to sell it hard. Ceres has some big maybe's but must get get the contracts and its name extremely well known. I have shares in CyanConnode an AIM Co of Cambridge who provide Smart Communications for the Smart Meters. Their main market at present is India where GoI are planning 250 million meters in next few years. Comms is the part that makes them Smart, Cyan has risen in the ranks and has just received a 1 million unit order, the Government of India has showcased it and I think they are about to get some pretty big orders.
Having said that there are other contenders with big pockets so Cyan needs now to do much more publicity to a World audience.
Very similar to Ceres.

Thanks for that Colour.
These engagements cost money but it means CC is getting dug in the right places.
Also now there is a new minister at BEIS completion of SMETS2 may come sooner.
Sept/Oct should see Indian tender results published with more in the coming months.
Hopefully there will be a Hardman report, one published this time last year.
My overall view is that CC is getting larger orders, has supply facilities in hand and now needs a mass of publicity to bring to the attention of a larger audience its substantial place in Smart Comms. Some might consider a waste of money but we have come to the point of telling RoW that we are establishing ourselves with Omni, HES, Training/Maintenance, SLA as a key ingredient in the biggest Smart rollout in the World. For the size of CC that is some achievement.
DYOR

LTI, for me a little bit of confusion, is it political.
We recently received 2 orders from Intellismart for Assam. Now we have 1m order from Genus for Bihar.
Is this purely a partnering procedure or is it that whilst Intellismart is blowing the trumpet of progress in Bihar with the 2018 project they do not want to be seen sidelining EDF. May be using both as lead contractors at locations.
DYOR

Well ITT certainly smacks of Big Brother. I think India in the coming years would be very pleased to just have Smart Meters. To tell population they are going to be watched that closely would certainly worry them.
Surprised CC SP has not started to move upwards, possibly the state of equities globally, with the last 1m unit order, doubling our backlog and immediate delivery, should have taken us above 30p but this could happen by end of month especially if some of these new tenders begin to signoff.
Colour the $96bn is just scaremongering, they never had the money and now they going to make a profit. Slowly but surely as with INDORE.
DYOR

As most of our earnings will be coming from India does the GBP exchange rate drop improve our profits.

Looks like they are planning to reopen Rough.
Price will still be expensive but at least a good reserve.

Mansinor, you may have some valid views but I do not think you have a clue on pricing.
I may be wrong but I seem to remember a couple of years back we had a supply agreement with Qatar, we had a North Sea Storage facility (was that owned by Centrica?), I do not think we were getting a large percentage from Russia then or now. So what went wrong, why was storage facility closed and not reopened.
The person in the street is the customer not shareholder. They have the vote and look for bargains at election time. My earlier foray into Centrica I sold at around 325p and that was down from 390p. Long time ago.
The Governments mistake was letting all of these discount suppliers into the market without taking a deposit to protect against this sort of happening.
Hopefully Truss will create a package to hold price increases otherwise there will be winter of wage rises and strikes.