Member Info for tonyj

I remember when SP had fallen to 17p a couple of years back it being said (probably by me) didn't think it would fall lower.

We have always said product is good so what's the reason for not achieving breakeven the year it was first proposed. Apart from government changes etc is it that we (CCI) have been wasting money, taking on seniors with handsome payments who then leave not having achieved anything, supporting charities (schools) with money we have not got, paying senior's too much, not furloughing people when even Virgin did. Apart from contracts taking even longer than UK we need to take back control of CCI before the cows run out of milk.

Well Fulcrum, many long termers have like you put a lot cash into Cyan and have up to date been rewarded with losses. This year has a lot going for it but has to be the turning point where the owners (shareholders) get returns, not just the staff. This GOA convention in a few days could lead to a few new contracts, the trouble is JC announces an intent yet often 6 months or a year goes by without further comment, this kills the SP. However no lessons are learned from this and its repeated. I would like to see an online quarterly magazine update of the individual 17 projects, their current status, progress timeline, whether any have reached maintenance period (higher markup). In the past JC has often referred to 'getting the cash' but what there is of it always goes to the staff (including himself) never the owners. High Street shops shut on that summary.

Hi harley, not intending to go just yet, look young, I like the idea of a blow-out.

Like the thought of after all this time I picked the right horse. See what happens tomorrow, JC must be planing a speech. May be considering Greenland next. Sorry JC.

Well harley, I think a better chance than me at going the course. At 82 I am cutting the odds, LOL.

Morning ITT, I believe locked in is because nobody knows what the hell is going on. I am sure holders suspect that handled rightly CC is worth a fortune. There's the rub. I understand we are bidding for 10m units of AMISPs, anybody know state of play, any bids closed/decided, any won/lost. Something must be being decided, deadlines met etc.

Well harley, I can't see it dropping to 5 unless GOA starts off bad. Hopefully JC will see the need to reward ordinary shareholders.

There is soon to be money there, as long as it is not spent in another direction on another long-term project.

LTI, I understand your outlook. Having said that only Insurance Funds etc go for very long term returns, most PIs look for say 5 years as long term. I expect next 2 quarters to catch interest by making a profit. Can you see that happening. As I said everybody is making money except Shareholders. Do you see the logic in that with the SP going from 30p to 6p. As we know whilst India is the golden egg numbers wise it has taken way too long to materialise, in contrast we are trying our luck in Africa, Thailand etc which are not going to give early returns. We have paid out miles too much in staff costs, no lay offs during Covid, I bet the big boys cutback for those 2 years. No, now is the time to make profits for the Shareholders by curtailing costs especially of those at the top of tree who keep coming and going. In India I suspect its a matter of who you know but there is a limit. JC needs to show a profit this year, no more ifs and buts, our money went in so we expect a return soon, not waffle on for another 5 years. And that is my thoughts. I see us breaking even in these quarters but dont start giving it away again, start rewarding the Shareholders.

Gizmo, looks like GOA is underway. Surprised consumers have to move meters outside at their expense. didn't know that was a universal requirement. nevertheless as long as CC doesn't pay.

Morning LTI, after all these years you can understand the scepticism on anything said. I think this coming quarter, possibly next, will be the crunch. I take it the reference to AMISPs is above the 10m units already being bid for. Again I think JC in his bid for expansion has got to recognise that in a company it is the shareholders, who set up the company that come first, not everybody else including himself, who it would appear whilst curtailing their income from time to time have never lost out. After having a past 30p price tag it is time the shareholders were looked after. Having said all that I am expecting great results from our entry into AMISP.

Don't get too carried away again Colour. From what I can read Wirepas functions are not much different to CC. Probably main variance is they started off with a lot more cash. I believe they use FG23 a cheaper chip, CC use FG25 and FG28 is that an advantage. If I remember HPL did not get approved for Smart and had to reconfigure and took on board Wirepas. So HPL appears to be the biggest Meter Manufacturers in India and it would figure they get the largest orders, ergo Wirepas I believe being their sole suppliers also get the orders. Should CC have been the sole suppliers to Genus we would have shot up orders board. A question for you, does Wirepas need to use in meter DCUs, at one time I thought they said they didnt need them. Finally CC has its own Cellular system which I dont think is centralised to a telecoms co. DYOR

So we are in with a good chance as long as we get the sums right.

Hello harley, you are right in your retrospect look at me. My defence is everytime JC came up with "we're on the way" the Indian government came out with a new rule, several times over, plus States are so laid back with paperwork etc that months turn into years. It would appear that everything is now in order, Government seems to want to get on with it, so what part of the market can CCI grab.

Yes ITT, profit now has to be the goal. CC should concentrate on India and tick over ROW. To me this year will be the turning point on profit.

Well ITT, I think JC is going to do quarterly updates, he mentioned a few months back. Looks like the GOA timetable was set by Government (December), so underway this quarter. As you know anything associated takes a long time, key is to get things underway before costs build, should imagine CCI built stock for GOA and hopefully Esyasoft will cover that element now it has been subbed out to them. We will have a better sight I feel by YE 31/3. As an AIM company I would suggest a good buy at this time. DYOR

Morning ITT, I believe that once again it probably is a good time. Big back log of orders, many more being bid for, Esyasoft and Monte Carlo etc as very good partners, loans now available (need to be used wisely), CC getting into AMISP which is a new era if all goes well. The competition is I think Wirepas (HPL) but I wonder if they can do long distance and their FG23 chip will meet security requirements. If I was a newby I would be strongly tempted. DYOR

I wonder if now that current AMISP bids are placed, or inform us of any delays, that JC will list the ones that Digismart applied for. It must be common knowledge in industry. We were going for 10m units if I remember, it would stop moaning and we would have an insight of need for these size of loans.

Colour, CCI seems to be doing that level work with Intellismart but perhaps because GOA was a one off state CCI decided to lay it off to Esyasoft. Perhaps they are tieing up their other AMISP bids.

Obviously cables have to be replaced but if they are working would not it be better to install the Smart meter which is independent and transmits the flow of electricity back to control room then replace cable at a later date.

Evening. LTI I may have got this wrong but I am separating SPV funds from the loans CC received for guarantees. Theoretically SPVs are self funding, so the money CC has raised is for their individual guarantees when applying for AMISP contracts. Somebody will correct me I am sure.

Afternoon LTI, yes I have spoken upon this with JC in the past, in response the reasoning was good at the time but circumstances change continuously. If you remember loans were out of the question a short time ago. Now like buses they come 2 at a time (possibly more), one being a surprise, 2 unbelievable, presumably banked for interest. This financial situation plus savings we already hold in the bank must make a good sum. However not if, until we have confirmed contracts in India, we keep spreading ourselves abroad. That could lead to a pennies takeover, as we are a technical company requiring technical salaries, it could all go pop. I have confidence that JC reads this BB, so all our observations help him fill gaps that he has forgotten or not considered. DYOR

Morning LTI, my interest now is the AMISPs that CC is bidding for, otherwise too many loans at present as presumably interest rate started back when loans announced. If going to be long winded and possibly not all needed then I feel JC should buy back some of the shares he sold off cheap. 50m shares into Treasury or cancelled should improve SP. DYOR