Member Info for tonyj

JC might not like this but we are not stupid, the people in the know are about to cash in whilst some LTI's have waited 10 years. CC said they did not need cash but now they have suddenly released 35m shares to people who could not have possibly bought them on the market without them reaching 80p or more.
My suggestion of short term loan of £10m, using £5m for stock and £5m for buyback would have achieved an SP rise. All covered by the guaranteed new monthly payment system. DYOR

Morning LTI. Unlike you I am appalled at JC letting these shares go at this ridiculously low price. One minute we are told that CC is financially alright yet within a short time increasing shares by 5m and 30m. To my mind these shares are being given away to mates. With 1m unit book achieving 29p a 3.6m book should be reaching 40>50p, so why selling off at this low low price but only to people who know whats going on. 17p + 10p enhancement I could understand. You get all these thank you's to LTI'S but no financial considerations. We are weakening the stock by default, consolidation was 150m shares we are now at 270m, we know that CC is about to break out so why give these shares out to friends at these prices, let them buy on the market.
Whilst disclaimer mentions inside information so presumably legal to me it is certainly not ethical, with coming 2023/24 what other surprises will CC reveal, nothing for LTI's who have kept company going. I am sure JC could now get short term loans to cover needs.
SP will rise but totally unimpressed.
These are my thoughts only, but I am sure others are thinking likewise.

Thanks for that Colour. All companies write these thank you notes though. You must think if EDF is so good why was Genus/CC parachuted into Bihar. Even you must be pondering that. It was not a few thousand units that may have needed sorting but 1M. and asap. That must tell you all was not well with EDF. Who engaged EDF, was it Bihar or Intellismart, nobody likes to expose c***.ups especially where big companies are involved. what do we know about ESDS.
Why was not EDF given Assam, are Intellismart now making their own meters.
Nothing is straight forward, what we do know is that CC was approached by Inteelismart to do a secret squirral for them and it appears get a lot of work as a result.
Now is that a face saving for the big boys and Bihar, who knows.
DYOR

Well Colour, I must say I don't know what is going on. I read different things, on this occasion has stickiness come unglued. Looking back to JC's comment on assisting Intellismart was CC parachuted in with a 1m unit immediate start contract for Bihar as a face saving exercise leaving EDF clean or was it nothing like that.
Did you see Multi's reference on other BB to Inte;;ismart name seen on meter, do they make them and is CC Inside
EDF being a state owned (by France) company can afford the odd mistake, CC cannot and have to be right first time.
DYOR

Hello mcgoof. Yes Intellismart would do all the normal tendering as with Assam.
Colour knows more about this but I would think that once CC is say inside a meter it goes as part of the main tender.
Colour is good at finding out info and I asked him to see if Intellismart do indeed make their own meters.
Either way I feel that CC are going to get some valuable work from Intellismart.
DYOR

Morning LTI/Colour, another question for my detectives.
Does Intellismart produce its own meters as suggested on other BB.
If so could CC now possibly be inside, that would be a massive result to be the preferred Smart Comms for Intellismart. Just a thought.

Morning Colour, well the C in CLP may give you an idea as to its location.

Apparently used to be CLP,

Hello Colour, origin was Multi. You are right not CEO Apravaa but their Head of AMI Business Division.

Afternoon LTI/Colour, what do we know about Apravaa.
According to the other BB Rajiv Kumar is now their CEO, they are based in Hong Kong.
As Rajiv is our former CEO has he gone there as a link for CC's engagement with China or may be the massive need for Smart supply we have coming in India.
It could be opposition but I doubt it. As BI was slow off the ground Apravaa could be our entry to China.
DYOR

Thats OK ITT. I used to have a terrific memory, now didn't even recall LTI previous day.
This may be something to dwell on, would CC now be capable of say a £10m loan.
Reasoning is with this new OPEX/TOTEX finance and guaranteed monthly income I would like to see a £5m cash balance and a £5m share buy back.
Loans may have been taboo in the past but life has changed over last year.
Definitely only my thoughts, DYOR.

Hello ITT, no it was Sunit, just remember his face. May be elsewhere.
This afternoon could be exciting.

ITT, I think we have done that one, or was it other BB.
Nevertheless JC is splashing out big money, to me there is something just around the corner which we are about to come face to face with.
We will look back shortly and think only 18p wish I had bought another million, not you ITT. No more reference to this, At 80 too old for a SIP, just ISA.
DYOR

Hi ITT, I've a strong feeling that it is all about to happen.
The trouble was your mentioning 7 figures plus holding, LOL.
CC has gone up and down but you like me have taken advantage of situation. We would never have had that number of shares. Hand brake off.
DYOR

Well ITT I think you are more than happy already. The rest is definitely a bonus.
jake, in the case of HPL if they are in a similar position to Genus we could be within the main contract in that if I have it correctly CC software is being produced directly on Genus site and if so is embedded.
DYOR

Hello Pedro
I think we will get quicker action than Q4 (hopefully), as LTI said CC has laid out on advanced raw materials, Anil chasing around the country to pick up any surplus. A matter of how fast order book grows.
I think now that CC can accommodate any Platform and Cellular etc most contracts could be open to them.
DYOR

Well LTI as I have said before I feel that when SLA came in a lot of ground work had already been done on the then 37m units being tendered. So that lot may well have been almost completed on contracts. The recent new tenders could possibly materialise in H2/23.
To me all doable. My mind is now on number of shares in circulation and if a re-rate is imminent.
To get 10m units out of any of the outstanding tenders would be a massive achievement.
The monthly payment system would pave the way to a guaranteed income of possibly £2m to £3m a month.
Then we have the rest of the world.
DYOR

Love it
Altogether brothers.

Hi All.Small share transactions but are they getting mopped up as they come on the market.

Welcome home fulcrum, you have to come up for air sometimes.
If I had still been working I could not have wallowed on BB. In my middle years (fire brigade control) I enjoyed my time as Officer of the Watch and when Control Commander I got back in OW seat as much as possible. Got stuck into shares on nights. Boring I know Colour.
To me there are not enough shares available, MM's will have to re-rate at about 40p Sells and say 42p Buys.
At that price some PI's will probably clear the decks to pay for their funerals, LOL.
As India wants to move ahead quickly I think it needs CC to stay independent. I could still see the likes of a Genus Consortium buying 51% to protect their involvement. How that can done is questionable.
CC is now digging in around Africa, Middle East, Asia and possibly US.
In my opinion SP has a very long way to go and may be bulk of it sooner than later.
DYOR