Member Info for tonyj

Strong buy for CC. Just to be clear.
Colour I think you are defending EDF too strongly. It will be interesting to see just what EDF has got in India and if it works after all that has occurred in Bihar. Of course it may be nothing like we suspect and all above board but Hardman must have been confident when he said CC was assisting Intellismart with some defective meters and then they get a hurry up order for Bihar where they have not featured before. Suspicious to me but may be totally innocent.
I do not think EDF, being in EU, had any choice in keeping French energy rates that low, use your loaf. Of course they could have done the right thing and kept UK prices down for us,LOL.
As you seem to know more what exactly has EDF won in India for CC to worry about.
Otherwise why mention them. DYOR

Thanks for that LTI.
Do we know anything further on why CC was suddenly given that 1m Bihar project at short notice, the type of thing that sounds political. I did ask once before on BB if EDF were involved elsewhere in India, the other BB seems to imply that they are only in Bihar.
Do you have any info.
DYOR

Colour, do not worry you will not bore me.
The question was 5m roll out (installs). Was that solely EDF or was that every company covering all of India in total.

Colour I could be behind the loop as well.
Reading the articles are you saying that EDF has a roll-out of 5m units or that the whole of India in total has a roll out of 5m via assorted companies.
As I have said before EDF did very well in France presumably because they are owned by the French Government, would you think that gives them a head start, LOL.
In UK energy has gone sky high yet in France I think they are regulated at 4%, maybe wrong.
if so will they be sending all their ill gotten gains back to France to shore HO up.
Just a thought.
DYOR

Yes jake I agree, most of us know it is all about to happen but others have not been here so long.
The bounce was effectively the speed that the New Shares were issued and taken up, over subscribed.
Had this been followed by one positive note, again which we know is about to sound, SP would have held and possibly gone way beyond.
It will come, DYOR.

Hello Bordersman. You never know when to step in but I can still see 30p at Friday close.
As we have 2 - 3m units on the books and above 20p then one or two tenders down the line will I am sure see 40 > 50p.
I feel we will continuously get 30% of tenders we pitch.
I read somewhere that India no longer has its eye on cheapness, more quality, reliability and now speed of installation.
Casting my mind back, may stand corrected, RF capability is a requirement of Indian Government, and as we can do the lot we should be useful to many meter manufacturers.
I am pleased the SP is now going to yo yo, that can turn the stock around to whoever gets in first.
DYOR

Chuffed, I am always optimistic but hopefully if CC has stopped sprinkling the confetti round we may get closer to that breakeven which we should already have reached.
DYOR

Afternoon all..
I always leave myself open to comments from Colour, but are we going to see 30p by Friday.
Any tender announcements should get us way beyond that I feel.
DYOR

Morning chuffed.
the afterburners are on but it cost a bit for the fuel last week.
I feel a G Force coming on.
DYOR

Friday nearly reached my hoped for 22p. I feel next week could see us at 30p, a big jump but the sentiment is strong.
May possibly get 50p by 31/3., only based on what is happening such as present 20%+ of current market.
The additional unknowns are this massive tender back log awaiting declarations, if we get 20>40% of this our earnings will be enormous.
Whilst CC cannot predict the future we can have a go. Based on JC's calculations of 1m units = $20m if we were to achieve 50% of the market that would equate to $2.5bn. Allowing for costs of getting there that would be a massive M/Cap and SP. I am sounding more like the other BB who like me have the first 100p in sight.
Cannot see any of the big investors going quietly, and hanging on until to say £10.
No time to faint Colour, get up off the floor, LOL.
DYOR

Thanks Huckle. Bodes well for CC. If 30m have been fitted in UK it is CC's turn next for the finishing off of problem ones.
If there are any notspots left Colour, I think there are.
22p today may be?

Morning Colour. Trouble is circumstances dictate, SLA delay, I feel that we would by now be beyond 100p from the information that was flowing at the time. If we get these massive contracts which by the look of it we will then I would think £1 is in early sight. Hopefully, JC will then turn to loans if the monthly guaranteed income falls short.
DYOR

Well Colour, hopefully this will be the end of these generous deals, we are supposed to be making profits for existing shareholders now. As JC probably sees these massive contracts about to arrive he may feel CC must shore up its finances to cover any obstacles and people come knocking at his door.. I would be surprised if he went any further with these extremes. Could we see 22p at close tomorrow and may be 25>30p next week.
The forecast of $400m - $600m appears to be based on current ratio 1m units = $20m. So with all the excitement on the horizon £1sp should be in sight. You must give John his due he has pulled CC through some heavy going and finished up way beyond any of your expectations.
DYOR

In my opinion a very strong buy.
LTI/seawolf, I have been having my rant over last few days but I do not look at CC as a company short of cash, I am not happy with this 35m shares increase as not necessary in my opinion. As I see it JC is a salesman and salesmen buy contacts, sometimes forced to, I may have felt less irate if rather than 17p they pitched at 20p.
DYOR

Colour.
Just a follow up. Are you saying that CC could set up in US i.e. CC (USA) and not have to comply with US Law.

Hello Pedro. CC cannot be looking too far into future for stock, at most 2 years and by that time these new CHIPS (US, INDIA) factories will be online and the likes of Genus will be buying their own materials with CC onsite agreement. CC to me does not need to but is extending its share base for other, non-urgent, reasons.
I feel this type of dilution has gone far enough, how many each year are allowed.
Hopefully this golden goose will not have an early end to its days just to satisfy those that are not among us ordinary investors. DYOR

Hello Colour. you know more about these things than me but reading the firsr para declaration on RNS 23Jan. does that mean it is ok to do it as long as you do not let those inhabitants know, who will be trading with you later.

In my opinion on further consideration this new 30m gift, restricted to the chosen few revolves around Zeus wanting a bite of the cherry upon entering our flock. The recent 5m to me is an example. You cannot say we do not need the money and in the same breath take the money. We should now seek loans for any further expansion outlays.
My concern is now could we be barred (historically) from those countries where these transactions are not allowed. I hope not.
I hope we get an update, to satisfy people.
DYOR

I would not say that jake, certain contacts have to be made in India,
As CC has built up a reputation now it is not likely to need further funds but then we did not need these.

Colour, I understand your query on funding style, which I am concerned over.
I cannot agree with letting these financiers in at this low level when we all know CC is about to take off. I was surprised at the 5m shares issue which seems like only yesterday and now to cap it all 30m shares, and JC also getting some (over subscribed) when recently getting all of these bonus shares at 14p.
I consider JC to be a clever man in this industry, keeping CC afloat, but this is sailing close to the wind. To me 17p was just too cheap, they would over subscribe, wouldn't you. It is alright some saying as long as they go up, but if still at 150m shares SP would have gone up. So we are being told we are getting these massive orders, guaranteed monthly income, and still we are letting new shares in at low prices when they could well be in the 40's and 50's in a month or two.
We are being told all along we do not need the money so why these hangers on.
If we are heading from 20% of the Indian market to say 50%, then we do not need additional shares. Certain countries, which we might pursue later, do not allow these transactions.
DYOR