RE: CC PR3 Mar 2019 12:27
Hello Greengrass.. Good reading.. To my recollection although the big problems occurred higher up the tree in laying off blocks of mortgages it primarily started at a company, I think it was 'House' or 'Home' owned by an international bank who were handing out mortgages to anybody regardless of status.
Right, away from that, I still have a strong buy on CC because I feel 2019 is going to be a good year, all the building blocks are in place, there is money in the bank near term, SMETS2 will start paying off after all this time, the end of 2019 (time goes quickly) will see the fruits of BI, India pipeline will produce and any other IoT elsewhere like street lighting will add to it. Looking back over past 4/5 years we have highspots but generally only with one item/contract at a time but now we are running the whole gambit, researched to date and not costing CC much up front.
If I were an analyst I would look at all the near misses over the years and why to verify the company performance as opposed to circumstance, then look at current situation incl SMETS2 underway with solid income with principle contract covered by UK Government, any other contracts not requiring large outlays and assess short-term to mid-term viability.
To me the markers are covered for 2019 and headway is about to occur.
Over the years I have invested in Software companies with large SP's who did not make a profit for years but came through.
CC is about to take-off but will require a steady nerve at the helm.
Well it is Sunday so nothing else to read.
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