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Any ideas on QONNECTIS ??? (QTI)
soul traders
- 02 Mar 2006 12:02
Tiny Qonnectis is at present in an embryonic stage, but seems to have an interesting product with great potential. Their flagship product connects energy and water meters to the Internet via Qonnectis' own server and users' website, providing 24-hour real-time accessibility as well as the opportunity for instant data comparison and updates as frequently as every 15 minutes. This avoids the costs of traditional meter-reading methods (i.e. reading by eye or the more recent "drive-by" technology). The new technology has already saved one early customer a reported 180,000 after it spotted a water leak and alerted the user. Early adopters include utilities such as Scottish Water and Generale des Eaux Lyon, plus public sector clients such as the NHS, the RAF and various District Councils (the list is numerous, so please see QTI's press releases for the whole picture). In November 2005 QTI announced a distribution deal with Compteurs Farnier of France, providing potential access to the USA and Canada in addition to the French market.
The business case for QTI seems strong: the product is inexpensive and provides cost savings both in terms of labour-saving and of cutting wastage. Sales include an element of subscription on a five-year basis; it seems logical that satisfied customers will both increase their number of meters in use and come back for further subscriptions after the five-year period has elapsed. The potential market is huge. The real question is, when will QTI achieve break-even?
CEO Mike Tapia previously built up the Talisman remote/drive-by meter-reading business, which was then sold to Severn Trent Water Co around 1997.
Does anyone have any figures on the Talisman sale, or perhaps on Compteurs Farnier? It would be good to get some idea of the current market.
EDIT: New charts added, 21Dec2007.
The business case for QTI seems strong: the product is inexpensive and provides cost savings both in terms of labour-saving and of cutting wastage. Sales include an element of subscription on a five-year basis; it seems logical that satisfied customers will both increase their number of meters in use and come back for further subscriptions after the five-year period has elapsed. The potential market is huge. The real question is, when will QTI achieve break-even?
CEO Mike Tapia previously built up the Talisman remote/drive-by meter-reading business, which was then sold to Severn Trent Water Co around 1997.
Does anyone have any figures on the Talisman sale, or perhaps on Compteurs Farnier? It would be good to get some idea of the current market.
EDIT: New charts added, 21Dec2007.
soul traders
- 14 Mar 2006 10:42
- 2 of 440
QTI released this RNS this morning.
What I feel is particularly exciting about this announcement:
1.) That it has been developed in close collaboration with the utilities industry and its customers, so the product has a ready market.
2.) The mention of "high-usage domestic customers" indicates that the potential customer base for QTI's products may just have broadened considerably.
Still definitely one to wtach, IMHO.
Qonnectis plc - New Product launch
RNS Number:7227ZQonnectis plc14 March 2006
Qonnectis plc Launches new automated meter reading product
Qonnectis plc ('Qonnectis'), the energy and water conservation services provider, will be launching its new iStaq-AMR product ('iStaq-AMR') at the National Automatic Monitoring and Targeting Exhibition which starts today at Aston Villa's conference centre in Birmingham. The iStaq-AMR is targeted at the growing market segment for automated meter reading.The iStaq-AMR provides automatic meter reading for billing purposes (which, over time, is expected to supersede manual meter reading which is increasingly becoming uneconomic). It is a derivative of Qonnectis's successful iStaq-LG, which is designed as a utility network monitoring and water/energy management product using half-hourly meter communications. The iStaq-AMR reads the meter weekly or monthly, and has been developed in response to feedback from utilities and their business and high-usage domestic customers. Qonnectis additionally will be able to offer its meter reading customers the benefits of its easy-to-use 'myMeter' online meter data services. This allows real time reading and highlights any unusual usage patterns. Michael Tapia, Chief Executive of Qonnectis, commented: 'The iStaq-AMR extends our product range into a fast-growing market segment and provides water companies, in particular, with a cost-effective way to improve their meter reading, billing procedures, to enhance their customer service and to also encourage their customers to conserve water in times of potential shortage.'
What I feel is particularly exciting about this announcement:
1.) That it has been developed in close collaboration with the utilities industry and its customers, so the product has a ready market.
2.) The mention of "high-usage domestic customers" indicates that the potential customer base for QTI's products may just have broadened considerably.
Still definitely one to wtach, IMHO.
Qonnectis plc - New Product launch
RNS Number:7227ZQonnectis plc14 March 2006
Qonnectis plc Launches new automated meter reading product
Qonnectis plc ('Qonnectis'), the energy and water conservation services provider, will be launching its new iStaq-AMR product ('iStaq-AMR') at the National Automatic Monitoring and Targeting Exhibition which starts today at Aston Villa's conference centre in Birmingham. The iStaq-AMR is targeted at the growing market segment for automated meter reading.The iStaq-AMR provides automatic meter reading for billing purposes (which, over time, is expected to supersede manual meter reading which is increasingly becoming uneconomic). It is a derivative of Qonnectis's successful iStaq-LG, which is designed as a utility network monitoring and water/energy management product using half-hourly meter communications. The iStaq-AMR reads the meter weekly or monthly, and has been developed in response to feedback from utilities and their business and high-usage domestic customers. Qonnectis additionally will be able to offer its meter reading customers the benefits of its easy-to-use 'myMeter' online meter data services. This allows real time reading and highlights any unusual usage patterns. Michael Tapia, Chief Executive of Qonnectis, commented: 'The iStaq-AMR extends our product range into a fast-growing market segment and provides water companies, in particular, with a cost-effective way to improve their meter reading, billing procedures, to enhance their customer service and to also encourage their customers to conserve water in times of potential shortage.'
silvermede
- 14 Mar 2006 15:46
- 3 of 440
soul traders,
I bought a small amount of these shares a while back as a purely speculative punt for a very long term hold, based upon the premise that water is fast becoming a scarce and more expensive resource and therefore water companies, large industials etc will want to reduce their expenditure on this commodity and quickly address leakage issues. It appears a simple business case with repeat custom. Not totally sure of QTI's projections until breakeven or the likely timescales so would welcome any ideas.
I bought a small amount of these shares a while back as a purely speculative punt for a very long term hold, based upon the premise that water is fast becoming a scarce and more expensive resource and therefore water companies, large industials etc will want to reduce their expenditure on this commodity and quickly address leakage issues. It appears a simple business case with repeat custom. Not totally sure of QTI's projections until breakeven or the likely timescales so would welcome any ideas.
soul traders
- 16 Mar 2006 11:17
- 4 of 440
Silvermede,
thanks for your feedback. It's good to meet a fellow "believer" and I'm certain we aren't the only ones. I agree that the idea behind QTI is sound. It may just be too early for them to project sales at this point. Interims are due out by the end of this month - I would be interested to see what comes out then. After that, may have to do a little digging.
thanks for your feedback. It's good to meet a fellow "believer" and I'm certain we aren't the only ones. I agree that the idea behind QTI is sound. It may just be too early for them to project sales at this point. Interims are due out by the end of this month - I would be interested to see what comes out then. After that, may have to do a little digging.
silvermede
- 24 Mar 2006 09:46
- 5 of 440
Interim Results out today show early promise in samll company that has created a niche product particulatly real time monitoring of water useage for large consumers and the potential for remote monitoring of all water meters. Turnover Growth up again and debt reducing, not yet reached the tipping point of break even but moving in the right direction an an opportunity to get in at the early stage. Forecasts are not yet specified by the management, but emphasis is on controlling costs and increasing sales in order to reduce product unit costs. A long term Spec Buy IMHO but DYOR. :-)
soul traders
- 24 Mar 2006 15:24
- 6 of 440
Just had a quick scan of the results. Looks encouraging. Their current cash reserves should be enough for 6 months of trading but after that they may have to raise some funds. What debt there is should be manageable. Hopefully sales will continue to snowball as QTI increases its public profile.
The current offer price of 2.5p values the co at barely above net asset value, so increases in sales and more good news along the way ought to have an appreciable impact on the SP?? However, it's still early days and QTI has to win many more customers. I remain enthusistic, but PDYOR.
The current offer price of 2.5p values the co at barely above net asset value, so increases in sales and more good news along the way ought to have an appreciable impact on the SP?? However, it's still early days and QTI has to win many more customers. I remain enthusistic, but PDYOR.
silvermede
- 27 Mar 2006 09:48
- 7 of 440
From UK Analyst.com The Syock Market Reporter for Fri 24 March 2006:
Qonnectis shares rose 0.375p to 2.25p after the company tabled a better-than-expected set of interim numbers. The energy and environmental data specialist unveiled losses of 415,000 pounds, compared with losses of 364,000 pounds in the prior year. Sales were up to 67,000 pounds. It was a generally bullish statement, with Qonnectis intimating its confidence in winning new customers, increased turnover and improved gross margin
Qonnectis shares rose 0.375p to 2.25p after the company tabled a better-than-expected set of interim numbers. The energy and environmental data specialist unveiled losses of 415,000 pounds, compared with losses of 364,000 pounds in the prior year. Sales were up to 67,000 pounds. It was a generally bullish statement, with Qonnectis intimating its confidence in winning new customers, increased turnover and improved gross margin
jmacroesus - 27 Mar 2006 13:16 - 8 of 440
Also rated as a 'buy' in the latest IC.
diydave - 04 Apr 2006 21:13 - 9 of 440
Small band of us over on ADVFN backing this one. Some of us (the less happy ones!) in from the beginning. Feeling is that the door is wide open for QTI but for some inexplicable reason they don't seem over keen to take advantage. (Too cautious a FD perhaps? IMHO)
silvermede
- 05 Apr 2006 09:30
- 10 of 440
diydave,
Been in QTI for a year, but knew this was an embryonic company and prepared to wait for the long term as the business model seems a cracker, especially with current and likely future water shortages. What we need to do is encourage the company to attend a few investor events such Master Investor 2007 etc etc, in order to grow their profile. In addition their website needs updating to include an Investors area, to show that it believes we are important and should have a meaning and beneficial relationship with the company. Results show they are growing the company and moving in the right direction towards profitability. WDIK/DYOR.
Been in QTI for a year, but knew this was an embryonic company and prepared to wait for the long term as the business model seems a cracker, especially with current and likely future water shortages. What we need to do is encourage the company to attend a few investor events such Master Investor 2007 etc etc, in order to grow their profile. In addition their website needs updating to include an Investors area, to show that it believes we are important and should have a meaning and beneficial relationship with the company. Results show they are growing the company and moving in the right direction towards profitability. WDIK/DYOR.
jmacroesus - 05 Apr 2006 10:55 - 11 of 440
Agree that the website could be more investor friendly but their profile should grow along with their turnover. Any idea about director shareholdings? - I can't find any and there's no reference in the AIM admission document.
soul traders
- 05 Apr 2006 10:59
- 12 of 440
jmacroesus
All major shareholders of QTI according to my online broker::
Qonnectis PLC
Major Shareholders
Shares in issue: 157.4m 1p Ords
Major Shareholders Amount % Holding
Pershing Keen Nominees Ltd 25,639,856 16.29
Michael Anthony Tapia 20,528,776 13.04
WB Noms Ltd 9,453,214 6.01
Giltspur Nominees Limited 8,740,390 5.55
ALASIA Trading Inc 7,147,138 4.54
Roy Nominees Ltd 5,555,556 3.53
Spectra AS 4,902,361 3.11
Other Directors Amount % Holding
Richard Mann Taylor 1,450,403 0.921
= Director
All major shareholders of QTI according to my online broker::
Qonnectis PLC
Major Shareholders
Shares in issue: 157.4m 1p Ords
Major Shareholders Amount % Holding
Pershing Keen Nominees Ltd 25,639,856 16.29
Michael Anthony Tapia 20,528,776 13.04
WB Noms Ltd 9,453,214 6.01
Giltspur Nominees Limited 8,740,390 5.55
ALASIA Trading Inc 7,147,138 4.54
Roy Nominees Ltd 5,555,556 3.53
Spectra AS 4,902,361 3.11
Other Directors Amount % Holding
Richard Mann Taylor 1,450,403 0.921
= Director
jmacroesus - 05 Apr 2006 11:08 - 13 of 440
soul traders
Thanks for that.
Thanks for that.
silvermede
- 26 Apr 2006 09:38
- 14 of 440
Encouraging RNS today. Company clearly working hard to break into new market areas in the UK. (The South East??) There has got to be lots more value in this company as it moves forward. Patience will be the key to success for shareholders.
soul traders
- 26 Apr 2006 11:37
- 15 of 440
This is why I like to get into these stocks early and lie in wait.
I'm guessing that this development could be worth at least a few hundred thousand pounds in turnover to Qonnectis, although over what time period it's difficult to say. I'm encouraged by the thought that "County councils typically have several thousand council buildings and sites under their responsibility for water and energy use," as this could ultimately mean QTI's turnover breaks into the millions, and therefore profits.
It's a big step forward, too, as it will hopefully improve QTI's visibility as well as giving it a decent revenue stream for many years to come as the roll-out widens.
Here's the text of the RNS.
Qonnectis plc - Major new orders won
RNS Number:9786B
Qonnectis plc
26 April 2006
Qonnectis plc
Major customer wins in new market sectors in the UK
Qonnectis plc ('Qonnectis'), the energy and water conservation IT services
provider, announces that it has won orders from and begun deliveries to two
major UK customers in new market sectors.
Local authority caravan parks
A UK national water conservation consultancy has introduced Qonnectis' remote
meter reading and myMeter web services to caravan parks on behalf of its local
authority customers. This will allow the local authority to remotely read and
analyse the water consumption of these traditionally high consumption sites,
thus enabling maximised water efficiency and minimised leakage. The first
installations are taking place with a major county council in England. County
councils typically have several thousand council buildings and sites under their
responsibility for water and energy use.
Emergency services
A large UK emergency services authority with over 100 sites is also beginning
multi-site use of Qonnectis' products and services. This is a true added-value,
multi-utility solution encompassing water, gas and electricity smart metering,
whereby the authority's meters will be read automatically every 15 to 30 minutes
for energy and water efficiency purposes. Emergency services represent another
new market segment for Qonnectis.
Both of the above organisations chose Qonnectis because they saw the inherent
value-add in its smart metering solution, which allows energy and water
consumption data to be communicated remotely and securely from multiple highly
dispersed sites throughout the UK back to a central data centre and to be made
accessible via simple web interfaces.
Qonnectis now has over 45 national and international utilities, end user
businesses and public sector organisations utilising the system, and enquiry
levels remain high.
Michael Tapia, Chief Executive, stated:
'We are extremely pleased that these new customers have selected Qonnectis to
help them meet their water and energy efficiency objectives. It is further
testimony to the fact that many public sector organisations are seeking to make
real financial savings in terms of their energy and water consumption, whilst
simultaneously benefiting the environment.
'We look forward to assisting these and the many other organisations who have
expressed an interest in our technologies in achieving their goals and in
propagating the solution throughout their sites.'
26th April 2006
For further information, please contact:
Qonnectis plc
Michael Tapia, Chief Executive 020 8893 4766
Bankside Consultants
Michael Padley/Daniela Hale 020 7367 8888
Editors' note - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities including Scottish Water, Cambridge Water, Aquavitae,
Generale des Eaux and Lyonnaise des Eaux as well as large commercial and
domestic users of energy or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit www.qonnectis.com.
ENDS
I'm guessing that this development could be worth at least a few hundred thousand pounds in turnover to Qonnectis, although over what time period it's difficult to say. I'm encouraged by the thought that "County councils typically have several thousand council buildings and sites under their responsibility for water and energy use," as this could ultimately mean QTI's turnover breaks into the millions, and therefore profits.
It's a big step forward, too, as it will hopefully improve QTI's visibility as well as giving it a decent revenue stream for many years to come as the roll-out widens.
Here's the text of the RNS.
Qonnectis plc - Major new orders won
RNS Number:9786B
Qonnectis plc
26 April 2006
Qonnectis plc
Major customer wins in new market sectors in the UK
Qonnectis plc ('Qonnectis'), the energy and water conservation IT services
provider, announces that it has won orders from and begun deliveries to two
major UK customers in new market sectors.
Local authority caravan parks
A UK national water conservation consultancy has introduced Qonnectis' remote
meter reading and myMeter web services to caravan parks on behalf of its local
authority customers. This will allow the local authority to remotely read and
analyse the water consumption of these traditionally high consumption sites,
thus enabling maximised water efficiency and minimised leakage. The first
installations are taking place with a major county council in England. County
councils typically have several thousand council buildings and sites under their
responsibility for water and energy use.
Emergency services
A large UK emergency services authority with over 100 sites is also beginning
multi-site use of Qonnectis' products and services. This is a true added-value,
multi-utility solution encompassing water, gas and electricity smart metering,
whereby the authority's meters will be read automatically every 15 to 30 minutes
for energy and water efficiency purposes. Emergency services represent another
new market segment for Qonnectis.
Both of the above organisations chose Qonnectis because they saw the inherent
value-add in its smart metering solution, which allows energy and water
consumption data to be communicated remotely and securely from multiple highly
dispersed sites throughout the UK back to a central data centre and to be made
accessible via simple web interfaces.
Qonnectis now has over 45 national and international utilities, end user
businesses and public sector organisations utilising the system, and enquiry
levels remain high.
Michael Tapia, Chief Executive, stated:
'We are extremely pleased that these new customers have selected Qonnectis to
help them meet their water and energy efficiency objectives. It is further
testimony to the fact that many public sector organisations are seeking to make
real financial savings in terms of their energy and water consumption, whilst
simultaneously benefiting the environment.
'We look forward to assisting these and the many other organisations who have
expressed an interest in our technologies in achieving their goals and in
propagating the solution throughout their sites.'
26th April 2006
For further information, please contact:
Qonnectis plc
Michael Tapia, Chief Executive 020 8893 4766
Bankside Consultants
Michael Padley/Daniela Hale 020 7367 8888
Editors' note - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities including Scottish Water, Cambridge Water, Aquavitae,
Generale des Eaux and Lyonnaise des Eaux as well as large commercial and
domestic users of energy or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit www.qonnectis.com.
ENDS
diydave - 26 Apr 2006 12:00 - 16 of 440
That's just the kind of news I have been waiting for... with increasing urgency. The company should increase in confidence on the back of this and perhaps start to really push this highly relevant technology.
SP certainly reacted!
SP certainly reacted!
soul traders
- 26 Apr 2006 12:08
- 17 of 440
Hi Dave, good to see you again! It's definitely a great development. I hope it will feed through to some serious SP action, but this stock has a habit of twitching violently on good news and then going very quiet for months on end. Still, if more and more people are beginning to take it seriously, then long term we should have a winner on our hands. The market out there is huge and today's orders are exactly the kind of thing that is needed for QTI to begin capturing the market. I think it will need a few more announcements of this kind, coupled with the reporting of a decent upswing in yearly turnover (bear in mind that the last reported revenue was about 60k!!), to get this one moving properly though. That said, once the t/o crosses the 1 million mark, we could already see this more than double.
WDIK/DYOR etc.
WDIK/DYOR etc.
soul traders
- 26 Apr 2006 12:08
- 18 of 440
Buy on weakness, I guess.
jmacroesus - 27 Apr 2006 10:45 - 19 of 440
Turnover for the six months to 31.12.05 was 66,983 compared with 26,050 for the comparable period in 2004.
soul traders
- 27 Apr 2006 10:51
- 20 of 440
My point exactly. In percentage terms the increase in T/O looks awesome, but in reality it barely pays for postage stamps.
diydave - 27 Apr 2006 13:02 - 21 of 440
Posted on ADVFN; passing on the request.
Article is about significant moves in remote metering. Good news if its Qonnectis. Bad if its a muscular competitor arriving on the scene.
Anybody here throw any light on which of the two it is? sp reaction this a.am suggests the latter!!
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/04/26/nmeter26.xml&sSheet=/news/2006/04/26/ixhome.html
Article is about significant moves in remote metering. Good news if its Qonnectis. Bad if its a muscular competitor arriving on the scene.
Anybody here throw any light on which of the two it is? sp reaction this a.am suggests the latter!!
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/04/26/nmeter26.xml&sSheet=/news/2006/04/26/ixhome.html
soul traders
- 27 Apr 2006 13:45
- 22 of 440
Dave, I will attempt to find out and advise asap.
soul traders
- 27 Apr 2006 14:10
- 23 of 440
For your interest (copied this off the QTI website - I hope they don't mind!). The article dates from January but I hadn't seen it before. It shows well just what this product can do for its users.
>> Qonnectis saves Glan Hafren NHS Trust 60,000
The implementation of a water leakage detection initiative by the NHS trust Energy Management team at County Hospital, Griffithstown, has saved the Gwent Healthcare NHS Trust over 60,000 on its annual water bill and will receive an additional 60,000 in sewerage rebates from its water supplier over the last two years. The water meter monitoring service provided by Qonnectis plc involved the use of a Qonnectis universal meter logger and internet based water meter monitoring and analysis on myMeter.info web site powered by Qonnectis.
Local NHS managers at County Hospital, Griffithstown had long suspected that there may have been a water leak on the site as the water bills appeared excessive compared to hospitals of a similar size. Having just completed a successful Qonnectis water leakage detection project at Tonteg Hospital for the Pontypridd NHS Trust, Qonnectis was asked to install a system and provide web services to track water usage at the County Hospital.
A Qonnectis iStaQ-LG GSM-enabled universal logger was installed next to the site water meter at the County Hospital and continuously posted water usage trends to the Qonnectis myMeter.info web site.
When Griffithstown County Hospital NHS engineer, John Jukes, analysed the results on the website he discovered that there was a very high level of water consumption during the early hours of the morning a period when water demand should have been low.
It soon became apparent that there was a leak of 4 cubic metres per hour on the site and trial holes were excavated at positions where the leak was thought to be. Because of the high number of unrecorded service tees off the sites water main, the leak initially proved difficult to locate. When it was eventually found and repaired, water demand on the site was reduced by a factor of 10! < <
Some other users have reportedly saved even more money!
Full text of the article at: http://www.qonnectis.com/News-Events/Company-News/Article-03.aspx
>> Qonnectis saves Glan Hafren NHS Trust 60,000
The implementation of a water leakage detection initiative by the NHS trust Energy Management team at County Hospital, Griffithstown, has saved the Gwent Healthcare NHS Trust over 60,000 on its annual water bill and will receive an additional 60,000 in sewerage rebates from its water supplier over the last two years. The water meter monitoring service provided by Qonnectis plc involved the use of a Qonnectis universal meter logger and internet based water meter monitoring and analysis on myMeter.info web site powered by Qonnectis.
Local NHS managers at County Hospital, Griffithstown had long suspected that there may have been a water leak on the site as the water bills appeared excessive compared to hospitals of a similar size. Having just completed a successful Qonnectis water leakage detection project at Tonteg Hospital for the Pontypridd NHS Trust, Qonnectis was asked to install a system and provide web services to track water usage at the County Hospital.
A Qonnectis iStaQ-LG GSM-enabled universal logger was installed next to the site water meter at the County Hospital and continuously posted water usage trends to the Qonnectis myMeter.info web site.
When Griffithstown County Hospital NHS engineer, John Jukes, analysed the results on the website he discovered that there was a very high level of water consumption during the early hours of the morning a period when water demand should have been low.
It soon became apparent that there was a leak of 4 cubic metres per hour on the site and trial holes were excavated at positions where the leak was thought to be. Because of the high number of unrecorded service tees off the sites water main, the leak initially proved difficult to locate. When it was eventually found and repaired, water demand on the site was reduced by a factor of 10! < <
Some other users have reportedly saved even more money!
Full text of the article at: http://www.qonnectis.com/News-Events/Company-News/Article-03.aspx
jmacroesus - 27 Apr 2006 14:43 - 24 of 440
The D Telegraph article mentioned above (diydave - 27 Apr 2006 13:02) seems to refer to replacement domestic gas/electricity meters incorporating some device that enables them to be read remotely. Sounds like a good idea although it's likely to be expensive and take years to fully implement. The markets for Qonnectis are primarily the utility companies themselves and their commercial/industrial customers so it's not obvious that it will have much impact on them.
diydave - 27 Apr 2006 16:11 - 25 of 440
Hope you are right jmacroesus. But "immediate updates to utility companies on how much energy is being used" and "remotely monitored meters" sounds very like a continuous broadband link to me... which is a bit too close to Qonnectis technology for comfort. Unless, of course, if it is Q's tech! Still looking for confirmation either way.
soul traders
- 27 Apr 2006 19:17
- 26 of 440
Jmacroesus - not sure I fully agree with you. According to the article I pasted in post #2, QTI will be targetting high-usage domestic customers. Also if the suspected competitor is ready to trial 3,000 units, that means they are probably at least as far along the road as Qonnectis. Have Qonnectis shifted 3,000? Certainly they haven't sold that many in total so far. Based on the pricing on the Cambridge Water website, which puts each unit at 2,500 for the full five-year i-Staq remote monitoring package, a deal for 3,000 units would be worth at least 3 or 4 million to Qonnectis - great news for QTI if they were to land such a deal though! However, I suspect they would have announced a deal of that size with trumpets and a Red Arrows flypast. However, 2,500 a shot or even 500 per year sounds like a lot for domestic customers, and it could be that the product in the trials is something more suited to the average homeowner's budget. Could be worrying if they manage to undermine QTI's prices though.
The use of the term "smart meters" is not one I have come across in looking at Qonnectis. This leads me to believe that the product being trialled could be from a different company, as QTI's product, as I understand it, is attached primarily to existing, "dumb" meters. It wouldn't necessarily take much for QTI to develop a similar product, perhaps in collaboration with a meter manufacturing partner such as the exisiting partner Compteurs Farnier.
As for eroding QTI's market share, I think an element of competition is to be reckoned with, as the market potential is huge and remote/online reading is clearly the future. It's true that QTI is targetting utilities directly and also that they may have an edge in applications like environmental monitoring, etc, but QTI should not ignore the mass market (i.e. the aforementioned high-end users) if they want to capture a large market share. However, there's no way a small-cap like QTI would be the only player in any of its chosen areas, although there's also no reason why they should get shouldered off the playing field simply because other mfr's are about.
Probably the worst that can happen to QTI, from our point of view, rather than the issue of competition, is that they get bought up by a big co before they reach their full potential. CEO Mike Tapia's previous comapny Talisman was bought by Servern Trent water, and since MT holds 13% of QTI, he has a fair amount of clout when it comes to a decision to sell. Personally I'm hoping that this at least goes ten-bagger before being bought up, although really the sky is the limit if QTI can succeed in remaining independent and in conquering sufficient market share to perform adequately against the competition.
Sorry if I sound like I've come over all sceptical. I'm not, but just trying to be objective. All IMO, WDIK, etc.
The use of the term "smart meters" is not one I have come across in looking at Qonnectis. This leads me to believe that the product being trialled could be from a different company, as QTI's product, as I understand it, is attached primarily to existing, "dumb" meters. It wouldn't necessarily take much for QTI to develop a similar product, perhaps in collaboration with a meter manufacturing partner such as the exisiting partner Compteurs Farnier.
As for eroding QTI's market share, I think an element of competition is to be reckoned with, as the market potential is huge and remote/online reading is clearly the future. It's true that QTI is targetting utilities directly and also that they may have an edge in applications like environmental monitoring, etc, but QTI should not ignore the mass market (i.e. the aforementioned high-end users) if they want to capture a large market share. However, there's no way a small-cap like QTI would be the only player in any of its chosen areas, although there's also no reason why they should get shouldered off the playing field simply because other mfr's are about.
Probably the worst that can happen to QTI, from our point of view, rather than the issue of competition, is that they get bought up by a big co before they reach their full potential. CEO Mike Tapia's previous comapny Talisman was bought by Servern Trent water, and since MT holds 13% of QTI, he has a fair amount of clout when it comes to a decision to sell. Personally I'm hoping that this at least goes ten-bagger before being bought up, although really the sky is the limit if QTI can succeed in remaining independent and in conquering sufficient market share to perform adequately against the competition.
Sorry if I sound like I've come over all sceptical. I'm not, but just trying to be objective. All IMO, WDIK, etc.
soul traders
- 27 Apr 2006 19:18
- 27 of 440
One final thought - if there is a rival out there, it could be that the smart thing to do is to buy their shares too. If anyone hears anything, please post it here!
soul traders
- 27 Apr 2006 19:32
- 28 of 440
I TAKE IT BACK !!!!!! I have no way yet of knowing for certain whether QTI is responsible for the 3,000 unit trial, but they mention the term "smart metering" of gas and water usage.
See the webpage: http://www.qonnectis.com/Solutions/Energy-Water-Usage/Default.aspx
However, QTI has never, as far as I know, mentioned having a working relationship with EDF, the partner in the trial announced today. Can't see anything about the trial on the EDF website's Media/News page either.
I have sent out a mail to try and get some clarification - will post as soon as I can.
See the webpage: http://www.qonnectis.com/Solutions/Energy-Water-Usage/Default.aspx
However, QTI has never, as far as I know, mentioned having a working relationship with EDF, the partner in the trial announced today. Can't see anything about the trial on the EDF website's Media/News page either.
I have sent out a mail to try and get some clarification - will post as soon as I can.
soul traders
- 27 Apr 2006 19:33
- 29 of 440
Another news article, dated 24 April, exists on the National Energy Action website. It doesn't disclose the identity of a manufacturer, though, unless EDF Energy is it!
http://www.nea.org.uk/News_releases/?article_id=267
http://www.nea.org.uk/News_releases/?article_id=267
diydave - 27 Apr 2006 22:08 - 30 of 440
The trial is mentioned in today's Daily Mail too, but again no company identified. (Obviously same brief as Telegraph).
I too have e-mailed Qonnectis shareholder info line for clarification. Telegraph and Mail next stop!
I too have e-mailed Qonnectis shareholder info line for clarification. Telegraph and Mail next stop!
jmacroesus - 28 Apr 2006 09:59 - 31 of 440
Some useful backgound on smart metering on:
http://www.est.org.uk/partnership/energy/lead/index.cfm?mode=view&news_id=496
Includes the following:
'Providing smart metering to consumers is a bigger task than just replacing around 40 million meters on the wall, and there will be significant cost implications. Gas and electricity meters have traditionally been paid for by suppliers, and the cost tends to be passed onto the consumers through their fuel bills. Deciding if the extra cost of providing smart meters is worth it depends on who will bear the costs, how the stakeholders value their benefits and whether they will be realised.
Different technologies offering different services from different manufacturers are already available. In general, however, energy suppliers do not want the technology prescribed to them but want freedom to implement the most cost effective solution. At the same time, privatisation and the freedom to switch between suppliers means it is important there is compatibility between meters and suppliers.
It is highly unlikely customers will voluntarily install meters, so current policy is based upon the suppliers paying the upfront costs which are eventually passed on in fuel bills. But because the energy supply market has been set up to facilitate switching and there is no distinction between quality of supply, competition has forced prices and margins down. As a result, suppliers cannot afford to invest in more expensive technology because customers are likely to simply switch to a cheaper supplier when asked to bear the additional costs. Customers could even switch to the supplier providing the best meter and switch back to a cheaper supplier under the 28 day rule. All of this has made suppliers wary of investing in smart meter technology.'
More on:
http://www.energywatch.org.uk/uploads/Smart_meters.pdf
http://www.est.org.uk/partnership/energy/lead/index.cfm?mode=view&news_id=496
Includes the following:
'Providing smart metering to consumers is a bigger task than just replacing around 40 million meters on the wall, and there will be significant cost implications. Gas and electricity meters have traditionally been paid for by suppliers, and the cost tends to be passed onto the consumers through their fuel bills. Deciding if the extra cost of providing smart meters is worth it depends on who will bear the costs, how the stakeholders value their benefits and whether they will be realised.
Different technologies offering different services from different manufacturers are already available. In general, however, energy suppliers do not want the technology prescribed to them but want freedom to implement the most cost effective solution. At the same time, privatisation and the freedom to switch between suppliers means it is important there is compatibility between meters and suppliers.
It is highly unlikely customers will voluntarily install meters, so current policy is based upon the suppliers paying the upfront costs which are eventually passed on in fuel bills. But because the energy supply market has been set up to facilitate switching and there is no distinction between quality of supply, competition has forced prices and margins down. As a result, suppliers cannot afford to invest in more expensive technology because customers are likely to simply switch to a cheaper supplier when asked to bear the additional costs. Customers could even switch to the supplier providing the best meter and switch back to a cheaper supplier under the 28 day rule. All of this has made suppliers wary of investing in smart meter technology.'
More on:
http://www.energywatch.org.uk/uploads/Smart_meters.pdf
soul traders
- 28 Apr 2006 15:29
- 32 of 440
News on the project we discussed: NEA confirms that the manufacturer of the meters involved is a company called Pri. Never heard of it, but may do some digging when I get the opportunity. Any other views are welcome.
EDIT: Pri is online at www.pri.co.uk
They do not appear to be listed as there is no link for their financials.
EDIT: Pri is online at www.pri.co.uk
They do not appear to be listed as there is no link for their financials.
diydave - 28 Apr 2006 19:46 - 33 of 440
Thanks for that soul, well done. Question remains, of course... could be that Pri are using QTI technology? I have had no response from QTI to my enquiry re this issue. Will post if I receive.
rgds.
rgds.
diydave - 28 Apr 2006 21:45 - 34 of 440
Have scoured the PRI website. For what is apparently an entirely private company, it's pretty damn impressive. It seems to offer much of what Qonnectis seeks to offer but with the capability of providing the hardware to go with it... Internationally! Cannot find any reference to any link between the two.
If one absorbed the other we might indeed see some excitement! All IMHO of course.
If one absorbed the other we might indeed see some excitement! All IMHO of course.
diydave - 29 Apr 2006 12:07 - 35 of 440
And here's another one to consider! With acknowledgements to Knowing on ADVFN.
http://www.ampymetering.com/int/frame_blank.htm?electrical.htm~mainFrame
http://www.ampymetering.com/int/frame_blank.htm?electrical.htm~mainFrame
diydave - 01 May 2006 12:19 - 36 of 440
Had a reply, in confidence, from Mike Tapia. While confirming that the company that the company is selling to and/or in discussions with Utility Companies he did not mention any involvement with PRI. He assured me that announcements on customer base would be made when appropriate.
silvermede
- 25 May 2006 08:47
- 37 of 440
More promising news as the company grows its' customer base in these times of water shortages and the drive to prevent water leakage. I wonder if Thames Water have heard of Qonnectis! :-)
Qonnectis plc
25 May 2006
FINAL 25 May 2006
Qonnectis plc
UK brewing and pub industries adopt Qonnectis' water efficiency technology
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
IT services provider, has won orders and begun deliveries to a number of
customers in the UK brewing and pub industries.
As part of an OEM agreement with a UK water management consultancy, Qonnectis'
water meter reading and water management services are being deployed via a
number of UK pub operators. The main applications are in water conservation and
cost savings in the operation of pub washrooms where the technology will
identify leaks and running taps, and allow the companies to benchmark water
usage. Qonnectis' partner initially is targeting up to 2,000 installations over
the next three years operated by their existing pub chain customers, and up to
12,000 sites overall. There are approximately 60,000 public houses in the UK in
total.*
Qonnectis' equipment has also been deployed by a number of brewers and
distillers in conjunction with the Company's water utility partners. The brewing
industry's high consumption of water and energy means that it welcomes the
opportunity to significantly reduce its costs by improving operational
efficiency. Using Qonnectis' products and services to monitor utility
consumption real-time is a key first step in this process. There are over 600
breweries and distilleries in the UK.
Michael Tapia, Chief Executive, commented:
'UK brewers and pub operators are major consumers of water. Indeed, the recent
extension to UK opening hours has led to a substantial increase in water usage.
'It is extremely gratifying to see the industry beginning to adopt our
technology and services to contain its utility costs and we look forward to
working closely with our partners to increase our penetration of this market.'
For further information, please contact:
Qonnectis plc
Michael Tapia, Chief Executive 020 8893 4766
Bankside Consultants
Michael Padley/Daniela Hale 020 7367 8888
* Source: British Beer & Pub Association
Editors' notes - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities including Scottish Water, Cambridge Water, Aquavitae,
Generale des Eaux and Lyonnaise des Eaux as well as large commercial and
domestic users of energy or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit
www.qonnectis.com
Qonnectis plc
25 May 2006
FINAL 25 May 2006
Qonnectis plc
UK brewing and pub industries adopt Qonnectis' water efficiency technology
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
IT services provider, has won orders and begun deliveries to a number of
customers in the UK brewing and pub industries.
As part of an OEM agreement with a UK water management consultancy, Qonnectis'
water meter reading and water management services are being deployed via a
number of UK pub operators. The main applications are in water conservation and
cost savings in the operation of pub washrooms where the technology will
identify leaks and running taps, and allow the companies to benchmark water
usage. Qonnectis' partner initially is targeting up to 2,000 installations over
the next three years operated by their existing pub chain customers, and up to
12,000 sites overall. There are approximately 60,000 public houses in the UK in
total.*
Qonnectis' equipment has also been deployed by a number of brewers and
distillers in conjunction with the Company's water utility partners. The brewing
industry's high consumption of water and energy means that it welcomes the
opportunity to significantly reduce its costs by improving operational
efficiency. Using Qonnectis' products and services to monitor utility
consumption real-time is a key first step in this process. There are over 600
breweries and distilleries in the UK.
Michael Tapia, Chief Executive, commented:
'UK brewers and pub operators are major consumers of water. Indeed, the recent
extension to UK opening hours has led to a substantial increase in water usage.
'It is extremely gratifying to see the industry beginning to adopt our
technology and services to contain its utility costs and we look forward to
working closely with our partners to increase our penetration of this market.'
For further information, please contact:
Qonnectis plc
Michael Tapia, Chief Executive 020 8893 4766
Bankside Consultants
Michael Padley/Daniela Hale 020 7367 8888
* Source: British Beer & Pub Association
Editors' notes - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities including Scottish Water, Cambridge Water, Aquavitae,
Generale des Eaux and Lyonnaise des Eaux as well as large commercial and
domestic users of energy or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit
www.qonnectis.com
soul traders
- 25 May 2006 09:53
- 38 of 440
Marvellous, marvellous, marvellous news!!
2,000 installations ought to be worth at least 2 million in revenues to QTI, allowing for partner commissions, etc. Clearly this represents a major increase in turnover, albeit spread over the next three years.
12,000 sites overall is fantastic - hopefully repeat business every five years will ensure a strong and loyal customer base.
2,000 installations ought to be worth at least 2 million in revenues to QTI, allowing for partner commissions, etc. Clearly this represents a major increase in turnover, albeit spread over the next three years.
12,000 sites overall is fantastic - hopefully repeat business every five years will ensure a strong and loyal customer base.
soul traders
- 25 May 2006 11:27
- 39 of 440
One thought:
QTI is clearly well on the road to break-even. They could even achieve this on a turnover of 2 million (WDIK, PDYOR!).
I'd be expecting them still to show some kind of loss on the second half of this year, and therefore for the full year, possibly achieving break-even in the next financial year (ending June 2007).
The current cash position seems to be a bit slim and may not be enough to cover QTI through to profitability. Therefore my question: how much more cash are they likely to need and over what period of time. Is a placing in the offing?
I would not be surprised if they decided to raise around 500k - 1 mil, possibly before summer ends.
Any views?
QTI is clearly well on the road to break-even. They could even achieve this on a turnover of 2 million (WDIK, PDYOR!).
I'd be expecting them still to show some kind of loss on the second half of this year, and therefore for the full year, possibly achieving break-even in the next financial year (ending June 2007).
The current cash position seems to be a bit slim and may not be enough to cover QTI through to profitability. Therefore my question: how much more cash are they likely to need and over what period of time. Is a placing in the offing?
I would not be surprised if they decided to raise around 500k - 1 mil, possibly before summer ends.
Any views?
soul traders
- 12 Jun 2006 13:20
- 40 of 440
Looking cheap today. I haven't checked by performing a dummy trade, but the offer price is down a smidge:
QTI Bid: 1.5p Offer: 1.875p Change: -0.0625
QTI Bid: 1.5p Offer: 1.875p Change: -0.0625
diydave - 11 Jul 2006 19:25 - 41 of 440
Soul, your post 39 says it all. Breakeven is on the horizon... but they could go bust before getting there. Given QTI's slow progress, (and even allowing for their apparent timidity and admirable reluctance to fritter away cash) I cannot see how they can get through to autumn without raising some more cash. Given the sp movement following the relatively upbeat rns in May, they may just have a problem finding further backing unless some "business angel" with vision thinks he may have stumbled onto a bargain!
silvermede
- 12 Jul 2006 08:32
- 42 of 440
diydave, suggest you contact Michael Tapia (e-mail/phone) and ask him the question about their cash position. He's very approachable. :-)
soul traders
- 12 Jul 2006 09:23
- 43 of 440
Dave, I'm inclined to be a little more optimistic regarding QTI's chances of raising funds. Most tiddlers go through a spell of fundraising - with some it lasts for years (I invite the court to consider Osmetech and Scotty as prime examples of this phenomenon). I'm not at all worried about QTI's prospects on this score - certainly if I was sufficiently solvent I'd back them myself in the event of a share placing.
I second Silvermede's thought re Mike Tapia - I have exchanged mails with him from time to time myself. However, he will not disclose price-sensitive info, as befits any director.
I second Silvermede's thought re Mike Tapia - I have exchanged mails with him from time to time myself. However, he will not disclose price-sensitive info, as befits any director.
soul traders
- 12 Jul 2006 12:22
- 44 of 440
I'm also wondering if we'll be lucky enough to get a trading update any time soon. Would be nice to have a little newsflow.
jmacroesus - 12 Jul 2006 14:19 - 45 of 440
I agree with you about the cash situation - it's unlikely they would have entered into an agreement in May to provide equipment to pub operators over three years if they were likely to hit insuperable cash problems later this year.
soul traders
- 12 Jul 2006 14:54
- 46 of 440
Dead right. We may see a little dilution but there's no way this'll go down the tubes.
diydave - 12 Jul 2006 16:24 - 47 of 440
I'm not as downbeat as I sounded on this. In fact I nearly edited my last post along the lines that if I was in a position to be a bus angel, I might well be the backer myself... already echoed by soul... unfortunately I am not. But this one ought to be a winner.
As a placing is pretty price sensitive, I think I'll leave MT alone for the moment. Having already pressed him for info this year, I don't want to get a reputation as a pain in the a...
rgds.
As a placing is pretty price sensitive, I think I'll leave MT alone for the moment. Having already pressed him for info this year, I don't want to get a reputation as a pain in the a...
rgds.
soul traders
- 12 Jul 2006 19:21
- 48 of 440
Quite right Dave - I'm the P I T A around here :o)
soul traders
- 13 Jul 2006 11:57
- 49 of 440
Cheep, cheep!
QTI Bid: 1.25p Offer: 1.75p
QTI Bid: 1.25p Offer: 1.75p
silvermede
- 13 Jul 2006 12:20
- 50 of 440
That sounds like a sparrow with an eye for a bargain!
soul traders
- 13 Jul 2006 16:40
- 51 of 440
:o)
jmacroesus - 14 Jul 2006 09:14 - 52 of 440
14 July 2006
QONNECTIS PLC
TRADING UPDATE
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, is pleased to announce that the Company has
continued to make significant progress in its water and energy markets.
In relation to the financial year ended 30 June 2006, the Company announces that
sales for the year will be substantially ahead of the corresponding period last
year. Sales for the second half, which were also ahead of the same period last
year, were however lower than the first half of the financial year. Although
orders were higher in the second half, some shipments were delayed and as a
result have been carried forward into the current financial year. The production
issue has been resolved and the level of customer re-orders are continuing to
increase in line with the Board's expectations.
The Board is encouraged by the substantial increase in percentage terms in the
level of sales for the year as a whole compared with the previous year and by
the continuing progress being made in winning new clients in new and existing
market sectors.
In particular, the Board is pleased to announce that is has an agreed roll-out
plan with Scottish Water which has commenced in the last two months. The Company
has trained Scottish Water's field personnel who are now carrying out site
installations throughout Scotland to selected commercial and industrial water
customers as the main component of Scottish Water's 'Smart Metering' initiative.
Orders in the last three months from this customer alone are significantly
greater than the Company's total turnover in 2004-5. (Turnover for year ended 30 June 2005 was 60,007-jmac)
The Board feels that the company now has the momentum and sales team in place to
take advantage of the increasing opportunities in the water and energy
industries for its monitoring, leakage and energy efficiency technologies and
services, and is optimistic the sales pipeline will deliver strong growth
throughout 2006-7.
QONNECTIS PLC
TRADING UPDATE
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, is pleased to announce that the Company has
continued to make significant progress in its water and energy markets.
In relation to the financial year ended 30 June 2006, the Company announces that
sales for the year will be substantially ahead of the corresponding period last
year. Sales for the second half, which were also ahead of the same period last
year, were however lower than the first half of the financial year. Although
orders were higher in the second half, some shipments were delayed and as a
result have been carried forward into the current financial year. The production
issue has been resolved and the level of customer re-orders are continuing to
increase in line with the Board's expectations.
The Board is encouraged by the substantial increase in percentage terms in the
level of sales for the year as a whole compared with the previous year and by
the continuing progress being made in winning new clients in new and existing
market sectors.
In particular, the Board is pleased to announce that is has an agreed roll-out
plan with Scottish Water which has commenced in the last two months. The Company
has trained Scottish Water's field personnel who are now carrying out site
installations throughout Scotland to selected commercial and industrial water
customers as the main component of Scottish Water's 'Smart Metering' initiative.
Orders in the last three months from this customer alone are significantly
greater than the Company's total turnover in 2004-5. (Turnover for year ended 30 June 2005 was 60,007-jmac)
The Board feels that the company now has the momentum and sales team in place to
take advantage of the increasing opportunities in the water and energy
industries for its monitoring, leakage and energy efficiency technologies and
services, and is optimistic the sales pipeline will deliver strong growth
throughout 2006-7.
soul traders
- 14 Jul 2006 10:54
- 53 of 440
JMAC, Thanks for posting. This is good news and confirms that QTI is heading in the right direction. We even got a headline mention on the MoneyAM homepage! The pubs rollout in particular ought to be very good for the bottom line.
diydave - 14 Jul 2006 11:19 - 54 of 440
So, our confidence is indeed not misplaced. I especially liked the tone of the last paragraph and the Scottish Water cooperation will hopefully bring in a welcome jump in revenue which might just off-set our (my!) cash concerns.
soul traders
- 14 Jul 2006 11:47
- 55 of 440
Dave, I think if we're being realistic that QTI will probably have to raise cash, but since there's almost no such thing as an AIM company that didn't have to issue new stock, I don't think that it's too much of a problem. By my calculations, QTI would have to do at least 2 million of turnover to break even, and they won't get that from Scottish Water, certainly not in one year, unless I have grossly underestimated the scope of the contract. I think if QTI were about to break even, management would have phrased things very differently and not compared forthcoming revenue with the frankly not-very-spectacular 60 grand. Still, the Scottich water scenario could be worth 250K or more in the current full year, if the figures above are to be relied upon, which is a decent amount.
If you add up all the large contracts now in place: Scottish Water, the Emergency Services, the caravan parks and the pubs, that's beginning to look like quite a lot, so I think we could see a very much bigger T/O in the current year. Forgive me if I sound too pessimistic at times - I actually believe that this co has great potential as I am sure you're aware, but one has to be realistic. Still, if I compare the discussion on this thread, with, say St**elco, then I think you'll agree that the prospects offer a lot of upside and none of the hype.
WDIK, PDYOR.
If you add up all the large contracts now in place: Scottish Water, the Emergency Services, the caravan parks and the pubs, that's beginning to look like quite a lot, so I think we could see a very much bigger T/O in the current year. Forgive me if I sound too pessimistic at times - I actually believe that this co has great potential as I am sure you're aware, but one has to be realistic. Still, if I compare the discussion on this thread, with, say St**elco, then I think you'll agree that the prospects offer a lot of upside and none of the hype.
WDIK, PDYOR.
jmacroesus - 14 Jul 2006 11:52 - 56 of 440
In the meantime there's been a welcome jump in the sp/volume.
Difficult to evaluate the comments on Scottish Water as there's no indication of numbers, phasing etc. However the combination of rising sales and increasing repeat business looks promising.
Difficult to evaluate the comments on Scottish Water as there's no indication of numbers, phasing etc. However the combination of rising sales and increasing repeat business looks promising.
soul traders
- 14 Jul 2006 11:59
- 57 of 440
True there has been an increase in volume, but that total volume is only worth about 11,500. Not a huge amount by anyone's standards. There ought to be more buying opportunities below 2p at least until the FY results are published, unless more big contracts are announced that really wow the market. I think it will be the December 2006 interims/trading statement that will be of more interest to the market.
jmacroesus - 17 Jul 2006 14:37 - 58 of 440
More on Scottish Water - Smart Metering:
Smart Metering: Internet data management
Smart Metering is a data service that allows you to access information about your water usage, on-line. If you already have a water meter, our Business Solutions team can help you decide if you would benefit from having a Smart Meter installed.
A Smart Meter will allow you to record monitor and evaluate your water usage. The data it provides will enable you to determine if you are using the correct size of meter or identify any problems such as bursts, at an early stage. Accessed from your PC, our Smart Metering service can help you to:
Improve the understanding of your water consumption and flow patterns
Track, predict and change trends in demand
Warn of low or high flow
Identify waste minimisation opportunities
Automatic Meter Reading Service
The Automatic Meter Reading (AMR) service may benefit you if you operate a larger network and can also monitor multiple utility meters. This service can report your water flow and utility consumption data directly to your PC allowing you to identify where savings can be made. This service can automatically record and monitor individual meter patterns and report problems or excessive usage.
In addition to our two standard services, our Business Solutions team can talk to you about any aspect of Smart Metering and tailor a service specifically for your needs.
Contact us
We also offer detailed water auditing, temporary meter logging with internet access, leak detection and repair as well as water efficiency reviews. To find out more about our range of Business Solutions go to the 'Water management' pages. These services are priced individually, depending on your requirements.
Please email our Business Solutions team with your enquiry at smart.metering@scottishwater.co.uk or telephone Andrew Webb on 01786 458902 to discuss how we can help you.
Smart Metering: Internet data management
Smart Metering is a data service that allows you to access information about your water usage, on-line. If you already have a water meter, our Business Solutions team can help you decide if you would benefit from having a Smart Meter installed.
A Smart Meter will allow you to record monitor and evaluate your water usage. The data it provides will enable you to determine if you are using the correct size of meter or identify any problems such as bursts, at an early stage. Accessed from your PC, our Smart Metering service can help you to:
Improve the understanding of your water consumption and flow patterns
Track, predict and change trends in demand
Warn of low or high flow
Identify waste minimisation opportunities
Automatic Meter Reading Service
The Automatic Meter Reading (AMR) service may benefit you if you operate a larger network and can also monitor multiple utility meters. This service can report your water flow and utility consumption data directly to your PC allowing you to identify where savings can be made. This service can automatically record and monitor individual meter patterns and report problems or excessive usage.
In addition to our two standard services, our Business Solutions team can talk to you about any aspect of Smart Metering and tailor a service specifically for your needs.
Contact us
We also offer detailed water auditing, temporary meter logging with internet access, leak detection and repair as well as water efficiency reviews. To find out more about our range of Business Solutions go to the 'Water management' pages. These services are priced individually, depending on your requirements.
Please email our Business Solutions team with your enquiry at smart.metering@scottishwater.co.uk or telephone Andrew Webb on 01786 458902 to discuss how we can help you.
jmacroesus - 25 Jul 2006 16:34 - 59 of 440
Qonnectis plc
25 July 2006
QONNECTIS PLC
PLACING and ISSUE OF OPTIONS
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, is pleased to announce that the Company has
placed, subject to certain conditions, 61,200,000 new Ordinary 1p shares at 1p
per share ('the Placing') with investors.
The placing, which was arranged by HB Corporate, will raise gross proceeds of
612,000 to provide additional working capital for the Qonnectis business.
Application has been made to the London Stock Exchange for the new Ordinary
shares, which will rank pari passu with the existing shares, to be admitted to
trading on AIM and it is expected this will become effective on 31 July 2006
Michael Tapia, Chief Executive and Percy Albuquerque, non-executive director,
are respectively subscribing for 500,000 shares and 700,000 shares in the
placing at the placing price. Following the placing Michael Tapia will hold
21,028,776 shares representing 9.62% of the Company and Percy Albuquerque will
hold 700,000 shares representing 0.32% of the Company.
In addition the Board of the Company has agreed to award the following options
to Directors:
Director Number of Options Exercise price
Michael Tapia 1,000,000 1.5p
1,500,000 2.5p
2,000,000 4p
Percy Albuquerque 11,500 1.5p
17,000 2.5p
23,000 4p
Richard Taylor 74,000 1.5p
110,000 2.5p
150,000 4p
The options are exercisable from the first anniversary of the Placing until 31
July 2009. They are not part of any employees incentive scheme.
25 July 2006
QONNECTIS PLC
PLACING and ISSUE OF OPTIONS
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, is pleased to announce that the Company has
placed, subject to certain conditions, 61,200,000 new Ordinary 1p shares at 1p
per share ('the Placing') with investors.
The placing, which was arranged by HB Corporate, will raise gross proceeds of
612,000 to provide additional working capital for the Qonnectis business.
Application has been made to the London Stock Exchange for the new Ordinary
shares, which will rank pari passu with the existing shares, to be admitted to
trading on AIM and it is expected this will become effective on 31 July 2006
Michael Tapia, Chief Executive and Percy Albuquerque, non-executive director,
are respectively subscribing for 500,000 shares and 700,000 shares in the
placing at the placing price. Following the placing Michael Tapia will hold
21,028,776 shares representing 9.62% of the Company and Percy Albuquerque will
hold 700,000 shares representing 0.32% of the Company.
In addition the Board of the Company has agreed to award the following options
to Directors:
Director Number of Options Exercise price
Michael Tapia 1,000,000 1.5p
1,500,000 2.5p
2,000,000 4p
Percy Albuquerque 11,500 1.5p
17,000 2.5p
23,000 4p
Richard Taylor 74,000 1.5p
110,000 2.5p
150,000 4p
The options are exercisable from the first anniversary of the Placing until 31
July 2009. They are not part of any employees incentive scheme.
soul traders
- 25 Jul 2006 19:39
- 60 of 440
As we thought, then. You never know, a few may trickle out into the market quite cheaply, so we could get a buying opportunity at the end of the month.
diydave - 26 Jul 2006 15:33 - 61 of 440
Nice to be proven right sooner rather than later! The sum raised is very reasonable. Could well be looking to pick up a few at these prices if some do trickle out and the spread doesn't look too horrendous.
jmacroesus - 01 Aug 2006 15:07 - 62 of 440
1st August 2006
Qonnectis plc
Holding in Company
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, announces that the Company was notified today
that City Equities Limited which purchased 25,000,000 shares in the Company's
recent placing, representing 11.4% of the enlarged issued share capital, has
sold all of these shares to certain of its private customers, acting as
Principal, and that it no longer has a notifiable interest in the issued share
capital of Qonnectis plc.
Qonnectis plc
Holding in Company
The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water
conservation IT service provider, announces that the Company was notified today
that City Equities Limited which purchased 25,000,000 shares in the Company's
recent placing, representing 11.4% of the enlarged issued share capital, has
sold all of these shares to certain of its private customers, acting as
Principal, and that it no longer has a notifiable interest in the issued share
capital of Qonnectis plc.
soul traders
- 01 Aug 2006 15:58
- 63 of 440
Wish I was one of those private customers . . . .
jmacroesus - 01 Aug 2006 17:45 - 64 of 440
I wonder what they paid. Quite an upsurge in activity since the placing including a single transaction for 5m at 2.00p today at 14.11. Buy/sell not indicated but looks as if it may have been a buy.
diydave - 01 Aug 2006 22:27 - 65 of 440
Don't feel envious. I would guess they paid through the nose. These boys are not known for their generosity!
soul traders
- 02 Aug 2006 12:29
- 66 of 440
You can bet your last it was less than 2p, though - and I'd be surprised if it was much more than 1.5p. A bargain for the buyers, and a tidy profit for the seller.
silvermede
- 03 Aug 2006 12:20
- 67 of 440
ST, see link to latest broker research report from HB:
http://www.hoodlessbrennan.com/CMS_FileCache/HOODLE004_595_1.pdf
http://www.hoodlessbrennan.com/CMS_FileCache/HOODLE004_595_1.pdf
silvermede
- 03 Aug 2006 12:36
- 68 of 440
From the HB report, 0.6m rasied at 1p.
Company now dependent upon achieving its sales goals.
HB Re-assessment from Spec-Buy to High Spec Buy
Company now dependent upon achieving its sales goals.
HB Re-assessment from Spec-Buy to High Spec Buy
soul traders
- 03 Aug 2006 15:04
- 69 of 440
Silvermede, that's a great find, thanks very much!
I found I agree with most of what HB had to say, although I'd be slightly more optimistic when it comes to the comment under weaknesses that "Legislative changes may be needed to stimulate demand", as I think the product is exciting enough on its own merits to attract demand from industrial customers. WDIK, though - I'm not the expert!
All in all I'd say HB have taken an adequately conservative and realistic approach. Their comment that QTI may need a further fundraising is fair comment and worth bearing in mind. All in all I see nothing to deter me from continuing to hold, although I'd possibly hesitate to add a lot more to my holding as I consider that QTI occupies enough space in my portfolio at present.
Once again, thanks for a very useful article!
I found I agree with most of what HB had to say, although I'd be slightly more optimistic when it comes to the comment under weaknesses that "Legislative changes may be needed to stimulate demand", as I think the product is exciting enough on its own merits to attract demand from industrial customers. WDIK, though - I'm not the expert!
All in all I'd say HB have taken an adequately conservative and realistic approach. Their comment that QTI may need a further fundraising is fair comment and worth bearing in mind. All in all I see nothing to deter me from continuing to hold, although I'd possibly hesitate to add a lot more to my holding as I consider that QTI occupies enough space in my portfolio at present.
Once again, thanks for a very useful article!
jmacroesus - 03 Aug 2006 17:27 - 70 of 440
Interesting report - the 100k turnover estimate to Y/E June 2006 looks on the low side.
soul traders
- 27 Sep 2006 11:43
- 71 of 440
Results due any day now?
jmacroesus - 28 Sep 2006 09:21 - 72 of 440
Still a very wide spread - 0.75/1.75 this morning with a buyer at 1.4.
soul traders
- 29 Sep 2006 14:19
- 73 of 440
Only one trade today, but a biggie by QTI's standards. Somebody invested nearly 25k . . . .
Trade time Price (p) Volume Assumed purchase/sale* (p) Bid (p) Ask (p)
13:00 1.5 1629000 purchase 0.75 1.75
Could be a good signal . . . .
Trade time Price (p) Volume Assumed purchase/sale* (p) Bid (p) Ask (p)
13:00 1.5 1629000 purchase 0.75 1.75
Could be a good signal . . . .
jmacroesus - 29 Sep 2006 14:28 - 74 of 440
Yes, just noticed that. Within what time frame are you expecting the results?
soul traders
- 29 Sep 2006 14:42
- 75 of 440
Just seen on the other side:
jonwig - 29 Sep'06 - 14:33 - 234 of 234
S-T.
It was a 'B' trade, and late-reported (L):
"Broker to Broker
A transaction between two member firms where neither firm is registered as a market maker in The security in question and neither is a designated fund manager."
So it might just have been a family transfer, or a trade at mid-price delayed from earlier in the week.
I suppose the fact that one party was willing to buy @ 1.5p is encouraging.
ENDS
Make of that what you will . . . .
PS I have dropped Mike Tapia a line to get clarification re the date the results will be released.
jonwig - 29 Sep'06 - 14:33 - 234 of 234
S-T.
It was a 'B' trade, and late-reported (L):
"Broker to Broker
A transaction between two member firms where neither firm is registered as a market maker in The security in question and neither is a designated fund manager."
So it might just have been a family transfer, or a trade at mid-price delayed from earlier in the week.
I suppose the fact that one party was willing to buy @ 1.5p is encouraging.
ENDS
Make of that what you will . . . .
PS I have dropped Mike Tapia a line to get clarification re the date the results will be released.
jmacroesus - 29 Sep 2006 14:55 - 76 of 440
OK thanks. Be interested to see what he has to say. I remain cautiously optimistic.
jmacroesus - 02 Oct 2006 14:23 - 77 of 440
Another B trade - 2.264m at 1.5p
jmacroesus - 11 Oct 2006 10:51 - 78 of 440
Qonnectis has been awarded a 52,000 stg order from an unnamed new utility consumer to develop a product incorporating some of its existing intellectual property.
soul traders
- 11 Oct 2006 11:03
- 79 of 440
Thanks for the heads-up, Jmac. That's very good news.
Here's the RNS:
Qonnectis plc - Re: New Contract
RNS Number:2864K
Qonnectis plc
11 October 2006
For Immediate Release 11th October 2006
Qonnectis plc
Re: New Contract
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
IT services provider, announces that it has been awarded a project by a new
utility customer to develop an innovative product incorporating some of its
existing intellectual property. The value of the order is 52,000, which will be
reflected in the financial statements of the Company for the current financial
year.
Here's the RNS:
Qonnectis plc - Re: New Contract
RNS Number:2864K
Qonnectis plc
11 October 2006
For Immediate Release 11th October 2006
Qonnectis plc
Re: New Contract
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
IT services provider, announces that it has been awarded a project by a new
utility customer to develop an innovative product incorporating some of its
existing intellectual property. The value of the order is 52,000, which will be
reflected in the financial statements of the Company for the current financial
year.
HARRYCAT
- 11 Oct 2006 12:28
- 80 of 440
This is good news, but a 52k order equates to what percentage of profit?
QTI needs much bigger orders than this to impress the market.
QTI needs much bigger orders than this to impress the market.
soul traders
- 11 Oct 2006 15:15
- 81 of 440
Harry, you're quite right. No-one said today's news was going to set the world alight, and indeed a few of us have spent some time earlier on this thread going into what it would take to make QTI profitable.
However, what is pleasing to me at least is that QTI is winning this kind of contract, and indeed some much bigger ones, on a regular (if not quite regular enough!) basis and that this appears to offer proof of concept.
The stock will probably be a bit of a slow burner for a while longer, but I am hopeful that the next financial results will show a significant increase in turnover, as per trading statement of 14th July.
Whether the increase in turnover will "stick" and the co will continue upwards to profitability is still wide open, but now that I'm in I'm staying committed (rather than take a chunky loss, admittedly).
Each to their own - this is worth sticking on a watchlist somewhere, if nothing else, IMO!
However, what is pleasing to me at least is that QTI is winning this kind of contract, and indeed some much bigger ones, on a regular (if not quite regular enough!) basis and that this appears to offer proof of concept.
The stock will probably be a bit of a slow burner for a while longer, but I am hopeful that the next financial results will show a significant increase in turnover, as per trading statement of 14th July.
Whether the increase in turnover will "stick" and the co will continue upwards to profitability is still wide open, but now that I'm in I'm staying committed (rather than take a chunky loss, admittedly).
Each to their own - this is worth sticking on a watchlist somewhere, if nothing else, IMO!
soul traders
- 12 Oct 2006 11:54
- 82 of 440
Morning all,
have just received a reply from Mike Tapia regarding the results. Last year the results came out late because the co was negotiating lower fees with its auditors, so MT explained to me, so the vagueness should not necessarily be taken to be a bad sign.
Dear (Soul Traders),
I trust you are well. As you are probably aware the results must be issued
before the end of December. We are not declaring a date at the moment,
suffice to say it will be before this time.
With best regards,
Mike
have just received a reply from Mike Tapia regarding the results. Last year the results came out late because the co was negotiating lower fees with its auditors, so MT explained to me, so the vagueness should not necessarily be taken to be a bad sign.
Dear (Soul Traders),
I trust you are well. As you are probably aware the results must be issued
before the end of December. We are not declaring a date at the moment,
suffice to say it will be before this time.
With best regards,
Mike
HARRYCAT
- 12 Oct 2006 12:13
- 83 of 440
Cheers for posting that, st.
I am still holding and see no reason to abandon ship at the moment, but I feel that this company is underperforming, especially as I believe they now have exposure to the french & canadian markets.
In July they released a statement saying that they expect sales to be substantially higher than the same period last year, so I hope their figures reflect this.
I am still holding and see no reason to abandon ship at the moment, but I feel that this company is underperforming, especially as I believe they now have exposure to the french & canadian markets.
In July they released a statement saying that they expect sales to be substantially higher than the same period last year, so I hope their figures reflect this.
jmacroesus - 12 Oct 2006 12:15 - 84 of 440
Thanks.
There's no indication of how yesterday's 52k contract will be spread but it looks significant when compared with the (probably conservative) HB forecast of a 100k turnover by the end of June 06.
There's no indication of how yesterday's 52k contract will be spread but it looks significant when compared with the (probably conservative) HB forecast of a 100k turnover by the end of June 06.
soul traders
- 12 Oct 2006 12:28
- 85 of 440
Jmac, I disagree. This was in the RNS yesterday: "The value of the order is 52,000, which will be reflected in the financial statements of the Company for the current financial year."
It is indeed a sizeable contract compared with the last reported half-year's turnover, however I think that some of those others that have been mentioned without any specific figures being attached may turn out to be bigger, although I agree that the way in which the revenue is spread will be a factor.
QTI is still a slow burner at present, but hopefully things will continue to pick up pace.
It is indeed a sizeable contract compared with the last reported half-year's turnover, however I think that some of those others that have been mentioned without any specific figures being attached may turn out to be bigger, although I agree that the way in which the revenue is spread will be a factor.
QTI is still a slow burner at present, but hopefully things will continue to pick up pace.
HARRYCAT
- 12 Oct 2006 12:34
- 86 of 440
One other disappointing fact, having looked on www.compteurs-farnier.com there is absolutely no mention (that I can find) of QTI, even though it's business partners are listed.
Why don't QTI insist on being shown as a preferred supplier to Farnier?
Why don't QTI insist on being shown as a preferred supplier to Farnier?
soul traders
- 12 Oct 2006 12:44
- 87 of 440
Harry, you're right - I've had a quick scan of the French side of www.compteurs-farnier.com and can't see either Qonnectis or internet-based metering.
Tres etrange . . . . I surmise that maybe the products are still in testing with trial customers and that the wider roll-out is still to come.
Tres etrange . . . . I surmise that maybe the products are still in testing with trial customers and that the wider roll-out is still to come.
jmacroesus - 24 Nov 2006 09:01 - 88 of 440
Qonnectis plc
PRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2006
Qonnectis plc ('Qonnectis' or 'the Company'; stock code: QTI), the energy and
water conservation IT services provider, announces its audited results for the
year ended 30 June 2006.
Highlights:
Successful transition from development to commercialisation
Turnover up 82% in line with expectations; growth continued into current
year
Loss significantly reduced
Over 50 companies, including national and international ones, now using
our products
New products added to range
Focus now on commercialisation
Sales team expanded; appointment of Chief Technology Officer
PRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2006
Qonnectis plc ('Qonnectis' or 'the Company'; stock code: QTI), the energy and
water conservation IT services provider, announces its audited results for the
year ended 30 June 2006.
Highlights:
Successful transition from development to commercialisation
Turnover up 82% in line with expectations; growth continued into current
year
Loss significantly reduced
Over 50 companies, including national and international ones, now using
our products
New products added to range
Focus now on commercialisation
Sales team expanded; appointment of Chief Technology Officer
silvermede
- 24 Nov 2006 09:53
- 89 of 440
All moving in the right direction, just a case of how long before reaching profitability. Stated tight control of costs is Good. Business model works on repeat service provision year on year to an expanding customer base.
soul traders
- 24 Nov 2006 09:55
- 90 of 440
Thanks for the post, JMAC.
I like what I read in the statements; although progress so far has been slow, the future looks good. Any views? Is it all jam tomorrow? I don't think so, but am aware that they have to see a massive increase in turnover before they can achieve break-even.
One point of interest is that someone on the other side asked, "What's happened to gross margin on sales? Was 46% and now 29%!"
I like what I read in the statements; although progress so far has been slow, the future looks good. Any views? Is it all jam tomorrow? I don't think so, but am aware that they have to see a massive increase in turnover before they can achieve break-even.
One point of interest is that someone on the other side asked, "What's happened to gross margin on sales? Was 46% and now 29%!"
silvermede
- 24 Nov 2006 09:57
- 91 of 440
Good point ST, perhaps a question for someone to ask of MT or at the AGM in Jan.
soul traders
- 24 Nov 2006 09:59
- 92 of 440
Silvermede, I think I'll send him an e-mail, as I often write around the time results are released anyway.
silvermede
- 24 Nov 2006 10:02
- 93 of 440
St Great & Thanks. Grateful as ever for any feedback.
jmacroesus - 24 Nov 2006 10:48 - 94 of 440
The HB analysis issued in July got the EPS figure (-0.51p) spot on although it underestimated turnover (100k compared with 109.4k) and overestimated gross profit (52k compared with 31.9k).
silvermede
- 24 Nov 2006 10:53
- 95 of 440
ST, jma don't forget that they hsve recently recruited a Sales team which may have shaved off some of the gross margin.
soul traders
- 24 Nov 2006 11:52
- 96 of 440
Good point Silvermede.
Some of you may be interested to know that I've just doubled up my holding as the quote early this morning to buy was 1p, which seemed to me to be a bit too good to miss. We're not talking about a huge investment, but it'll be good if the SP ever takes off!
In between times, the quote went up to 1.19 and I thought I'd missed the opportunity, but my broker, TDWaterhouse, was fantastic in getting me 1.0p when I called them to try to get a better price than the online offer. I even offered 1.05p over the phone as a concession, and still they managed to get me 1p.
Maybe a few of you will be able to get a better price than the indicative spread.
Some of you may be interested to know that I've just doubled up my holding as the quote early this morning to buy was 1p, which seemed to me to be a bit too good to miss. We're not talking about a huge investment, but it'll be good if the SP ever takes off!
In between times, the quote went up to 1.19 and I thought I'd missed the opportunity, but my broker, TDWaterhouse, was fantastic in getting me 1.0p when I called them to try to get a better price than the online offer. I even offered 1.05p over the phone as a concession, and still they managed to get me 1p.
Maybe a few of you will be able to get a better price than the indicative spread.
soul traders
- 24 Nov 2006 12:38
- 97 of 440
Posted over the road by GWR7:
"The gross margin was affected by the shipment problem which reduced the turnover in the half year to June, all as identified in the interim report. The turnover lost then has been picked up during this half year, on top of that growth is reportedly accelerating."
Am awaiting MT's reply.
"The gross margin was affected by the shipment problem which reduced the turnover in the half year to June, all as identified in the interim report. The turnover lost then has been picked up during this half year, on top of that growth is reportedly accelerating."
Am awaiting MT's reply.
soul traders
- 28 Nov 2006 12:31
- 98 of 440
Morning all,
I have received a reply from Mike Tapia.
He is very positive about the gross margin and expects this to increase over time through a combination of cost-cutting and the introduction of higher-margin services. The increase in manufacturing costs due to production issues was only temporary. An element of the reduction in gross margin is due to QTI having sold vital consumables and accessories made by other companies for which QTI only takes a 10-15% handling charge, as is standard industry practice. This reduction should be eclipsed by the cost-cutting and higher-margin services to be rolled out over the next 12 months.
Hope this helps.
ST.
I have received a reply from Mike Tapia.
He is very positive about the gross margin and expects this to increase over time through a combination of cost-cutting and the introduction of higher-margin services. The increase in manufacturing costs due to production issues was only temporary. An element of the reduction in gross margin is due to QTI having sold vital consumables and accessories made by other companies for which QTI only takes a 10-15% handling charge, as is standard industry practice. This reduction should be eclipsed by the cost-cutting and higher-margin services to be rolled out over the next 12 months.
Hope this helps.
ST.
Treblewide
- 28 Nov 2006 12:46
- 99 of 440
will have to come back to the market again for cash by the looks of things...turnover tiny compared to loss and not much cash left...this looks very risky...looked at this a while back as a pure punt...glad I never bought any
soul traders
- 28 Nov 2006 12:53
- 100 of 440
Here's an idle thought: could QTI be on for the first 1 million annual turnover in the near future?
Consider:
- Scottish Water revenue could be worth 250,000 p.a., based on 60K turnoever in the last quarter of the last financial year (ending June 2006).
- Pubs industry roll-out to 2,000 sites over 3 years, means possible 600 units in first year; at Hoodless Brennan's estimate of 1,500 per unit, this is 900,000.
- Other customers continuing to place new orders.
- New products coming on-stream.
Mike Tapia's comments in his statement about the outlook :
"Sales are continuing to increase and the cost base is tightly controlled.
Overall, the outlook is positive and we are confident that this financial year
will be one of significant progress towards our aim of achieving profitability."
All IMO, PDYOR.
Consider:
- Scottish Water revenue could be worth 250,000 p.a., based on 60K turnoever in the last quarter of the last financial year (ending June 2006).
- Pubs industry roll-out to 2,000 sites over 3 years, means possible 600 units in first year; at Hoodless Brennan's estimate of 1,500 per unit, this is 900,000.
- Other customers continuing to place new orders.
- New products coming on-stream.
Mike Tapia's comments in his statement about the outlook :
"Sales are continuing to increase and the cost base is tightly controlled.
Overall, the outlook is positive and we are confident that this financial year
will be one of significant progress towards our aim of achieving profitability."
All IMO, PDYOR.
soul traders
- 28 Nov 2006 12:55
- 101 of 440
Treble, you may be right about a forthcoming cash call - I hope that news of increased t/o may boost the SP and reduce potential dilution, but WDIK.
It's speculative, but I'm happy with it.
It's speculative, but I'm happy with it.
tipton11
- 28 Nov 2006 19:32
- 102 of 440
I bought thinking this tecnology must be right but reading the latest accounts at the end of what appears to be a very successful year the turnover is stated as 109.425 .... much praise is lavished on Scottish water co-operation, training of their staff etc but growing at 82% pa. how many years will it take QTI to be profitable.
So gentlemen of the boardroom, are you charging enough for QTI's services because I as a holder expect to make money out of my investment which already shows a 50% paper loss in a few short months.
Tipton11
So gentlemen of the boardroom, are you charging enough for QTI's services because I as a holder expect to make money out of my investment which already shows a 50% paper loss in a few short months.
Tipton11
jkd - 28 Nov 2006 20:35 - 103 of 440
Doent know if this is helpful, but probably not what you might like,
Long term chart suggests price .06p
shorter/medium term same , suggesting, .62p. might get a bounce back to 1,50/ 1.60 area
just my opinion, im wrong more often than i am right, so please be sure to dyor.
Long term chart suggests price .06p
shorter/medium term same , suggesting, .62p. might get a bounce back to 1,50/ 1.60 area
just my opinion, im wrong more often than i am right, so please be sure to dyor.
tipton11
- 29 Nov 2006 10:18
- 104 of 440
jkd ... thanks for your note ... it made up my mind for me so decided to leave the directors to their cosy little welfare operation and sold at .75p
soul traders
- 29 Nov 2006 10:22
- 105 of 440
Tipton, I have learned you have to be very patient with these minnows as they can take a long time to break through to profitability.
I wish you better luck in the future.
I wish you better luck in the future.
jmacroesus - 29 Nov 2006 11:30 - 106 of 440
ST - one curious feature of the latest results when compared with the unaudited first half results released in March is that if turnover/sales costs for the first half were 66,983/(29,043) then for the second half they were 44,442/(48,510) - i.e. sales costs were higher than turnover in the second half. As, according to the trading update released in July, orders were higher in the second half it seems reasonable to assume that, without the distortions produced by the extraordinary factors affecting the second half, turnover for the year would have been of the order of 150,000.
Have you had any recent indications of the renewal rate? I would expect this to be very high.
Have you had any recent indications of the renewal rate? I would expect this to be very high.
soul traders
- 29 Nov 2006 15:19
- 107 of 440
JMAC, you are probably right. As to the renewal rate, what do you mean exactly? Clients buying the smart metering package get a five-year subscription to the service, so it will be a while before meaningful numbers of renewals start filtering through. If you mean repeat business from existing customers in the process of rolling out smart metering to a number of sites, I believe there is a general atmosphere of confidence about this, but I have not heard of any figures.
Obviously if all goes according to plan, there should be some kind of snowballing of revenues; most encouraging so far is the pub sector contract win (RNS: 25May2006) I discussed in an earlier post, which could be worth 3 million over three years, and which hopefully gives a guide to what can be achieved.
Obviously if all goes according to plan, there should be some kind of snowballing of revenues; most encouraging so far is the pub sector contract win (RNS: 25May2006) I discussed in an earlier post, which could be worth 3 million over three years, and which hopefully gives a guide to what can be achieved.
tipton11
- 30 Nov 2006 09:48
- 108 of 440
soul trader .... thanks for your note ... it is interesting how AIM shares have failed to recover from the May correction, perhaps frustrating would be more appropriate.
jkd - 30 Nov 2006 11:10 - 109 of 440
Tipton I see you decided to sell theses shares. likely as not they will go up now although i wouldnt want you to feel dissapointed with my comments, for as i said more often than not i am wrong. very often these patterns do not fulfill their target levels and reverse on themselves. now you tell me , i hear you say.
good luck to you .
good luck to you .
soul traders
- 30 Nov 2006 11:32
- 110 of 440
Tipton, I agree it's frustrating. One aspect of investing in companies of such small market cap is that they do not react in line with the broader market; QTI didn't lose any value during the slide earlier this week, for example.
Such companies can remain overlooked for a long time because the market s looking for evidence of profitability (or they are simply too small to appear on most peoples' "radar"). I believe QTI will show this, but it is a matter of time and patience, and this is something worth bearing in mind when investing in very small companies on AIM.
JKD - On the "radar" note I would argue that QTI might not be a good stock for technical analysis due to low trading volume. It's the proximity to profit that will drive this one. Actually there has been enough good news this year released to justify a bit of a positive rerating, IMO, but again there is not the interest from the market and that's something we punters have to live with.
On the positive side, that at least gives us all plenty of buying oportunities and hopefully the chance to get the biggest baggers by being there ahead of the crowd.
All IMO, WDIK, etc.
Such companies can remain overlooked for a long time because the market s looking for evidence of profitability (or they are simply too small to appear on most peoples' "radar"). I believe QTI will show this, but it is a matter of time and patience, and this is something worth bearing in mind when investing in very small companies on AIM.
JKD - On the "radar" note I would argue that QTI might not be a good stock for technical analysis due to low trading volume. It's the proximity to profit that will drive this one. Actually there has been enough good news this year released to justify a bit of a positive rerating, IMO, but again there is not the interest from the market and that's something we punters have to live with.
On the positive side, that at least gives us all plenty of buying oportunities and hopefully the chance to get the biggest baggers by being there ahead of the crowd.
All IMO, WDIK, etc.
soul traders
- 01 Dec 2006 15:28
- 111 of 440
A bit of a skid today on turnover of just 76K shares:
QTI Bid: 0.5p Offer: 1p Change: -0.25
Offer price via online trade currently 0.8p. Makes me wonder what the MM's are playing at - is there a stock overhang?
QTI Bid: 0.5p Offer: 1p Change: -0.25
Offer price via online trade currently 0.8p. Makes me wonder what the MM's are playing at - is there a stock overhang?
jmacroesus - 01 Dec 2006 16:43 - 112 of 440
0.75p 500k T trade at 16.10 indicated as a sell but looks like a buy,
soul traders
- 01 Dec 2006 16:47
- 113 of 440
You're probably right, JMAC, given that brief window in which one could have bought online for 0.8. Pity all the rest of us had to take a hit though!
jmacroesus - 01 Dec 2006 16:51 - 114 of 440
another 500k just came through as a sell which looks like another buy.
jmacroesus - 06 Dec 2006 09:15 - 115 of 440
6 December 2006
Qonnectis plc
Trading Update
The Board of Qonnectis plc ('Qonnectis' or 'the Company') wishes to update its
shareholders regarding the Company's performance as we approach the end of the
first half-year to 31st December 2006 by highlighting the following:
* Growth in the period has been significant, with sales and margins in the
first half expected to be well in excess of those achieved in the same
period last year, and also ahead of the last full financial year ending 30th
June 2006.
* We are winning notable repeat business from Scottish Water, who have
placed a 56,000 order for 'iStaq' data loggers and web services in
December.
* Qonnectis continues to sign up energy and water end users, with recent
examples including multi-utility monitoring for Schlumberger Oilphase and
multi-utility energy and water efficiency monitoring for Redditch Borough
Council.
* Qonnectis''Key Account' marketing campaign - launched in September 2006
and aimed at attracting more UK water companies to offer 'myMeter' web
services to their key business customers - has received a positive response
from various UK water companies, with new trial orders being placed.
* The recent contract announced with a major utility for the development of
a new product is proceeding well. Pre-production units of this product are
already being delivered this month to the utility customer for field trials,
with a launch envisaged in the second half.
Qonnectis plc
Trading Update
The Board of Qonnectis plc ('Qonnectis' or 'the Company') wishes to update its
shareholders regarding the Company's performance as we approach the end of the
first half-year to 31st December 2006 by highlighting the following:
* Growth in the period has been significant, with sales and margins in the
first half expected to be well in excess of those achieved in the same
period last year, and also ahead of the last full financial year ending 30th
June 2006.
* We are winning notable repeat business from Scottish Water, who have
placed a 56,000 order for 'iStaq' data loggers and web services in
December.
* Qonnectis continues to sign up energy and water end users, with recent
examples including multi-utility monitoring for Schlumberger Oilphase and
multi-utility energy and water efficiency monitoring for Redditch Borough
Council.
* Qonnectis''Key Account' marketing campaign - launched in September 2006
and aimed at attracting more UK water companies to offer 'myMeter' web
services to their key business customers - has received a positive response
from various UK water companies, with new trial orders being placed.
* The recent contract announced with a major utility for the development of
a new product is proceeding well. Pre-production units of this product are
already being delivered this month to the utility customer for field trials,
with a launch envisaged in the second half.
soul traders
- 06 Dec 2006 09:22
- 116 of 440
Fantastic. JMAC, thanks for the post.
jmacroesus - 11 Dec 2006 14:23 - 117 of 440
Any idea why this has been issued?
Qonnectis plc
Total Voting Rights
Qonnectis plc announces that, as at 11 December 2006, the total number of its
issued ordinary shares of 1p each carrying voting rights was 218,608,023.
Qonnectis plc
Total Voting Rights
Qonnectis plc announces that, as at 11 December 2006, the total number of its
issued ordinary shares of 1p each carrying voting rights was 218,608,023.
soul traders
- 11 Dec 2006 14:42
- 118 of 440
Not sure, JMAC. I thought they may be warming up for another fundraising, but they seem to have some cash in the bank, which from the date of the fundraising in July seemed to be enough for about 12 months.
Which would be nice, as maybe by the middle of 2007 they will have more turnover and an increase in the SP. We can hope . . . :o)
Which would be nice, as maybe by the middle of 2007 they will have more turnover and an increase in the SP. We can hope . . . :o)
jmacroesus - 11 Dec 2006 15:26 - 119 of 440
On the basis of the latest trading update turnover to June 07 should reach 250k - i.e. about 4x the turnover to June 05. If they could keep that up......
soul traders
- 12 Dec 2006 10:31
- 120 of 440
I think the foundations have been laid. I keep thinking about that big order from the pub business. If QTI really does roll out 2,000 units over three years then it could be worth 1 million p.a.
MT hasn't mentioned the pub order since the RNS,though, so maybe the rollout is not proceeding as quickly in the initial stages.
It's all heading in the right direction, though.
MT hasn't mentioned the pub order since the RNS,though, so maybe the rollout is not proceeding as quickly in the initial stages.
It's all heading in the right direction, though.
diydave - 13 Dec 2006 12:42 - 121 of 440
jmacroesus - 11 Dec 2006 14:23 - 117 of 120
Any idea why this has been issued?
Qonnectis plc
Total Voting Rights
Qonnectis plc announces that, as at 11 December 2006, the total number of its
issued ordinary shares of 1p each carrying voting rights was 218,608,023.
--------------------------------------------------------
Seems to be two schools of opinion on this, jmc. BLR, amongst several others, have just done the same thing. It could just be a 'time of the year' regulatory announcement but several people have noticed that companies also issue this information immediately before announcing takeover talks.
Any idea why this has been issued?
Qonnectis plc
Total Voting Rights
Qonnectis plc announces that, as at 11 December 2006, the total number of its
issued ordinary shares of 1p each carrying voting rights was 218,608,023.
--------------------------------------------------------
Seems to be two schools of opinion on this, jmc. BLR, amongst several others, have just done the same thing. It could just be a 'time of the year' regulatory announcement but several people have noticed that companies also issue this information immediately before announcing takeover talks.
soul traders
- 13 Dec 2006 12:49
- 122 of 440
40p a share would suit me fine :o)
HARRYCAT
- 13 Dec 2006 18:46
- 123 of 440
4p would put me in profit. I'm not greedy!
argos7
- 13 Dec 2006 22:25
- 124 of 440
i am interested in investing in QTI but the share chart is putting me off! The trading statement sounds great,
* Growth in the period has been significant, with sales and margins in the
first half expected to be well in excess of those achieved in the same
period last year, and also ahead of the last full financial year ending 30th
June 2006.
This to me is this saying that QTI in 6 months from july-december 06 will make a bigger profit than the whole of 2005. A certain buy for me.
* Growth in the period has been significant, with sales and margins in the
first half expected to be well in excess of those achieved in the same
period last year, and also ahead of the last full financial year ending 30th
June 2006.
This to me is this saying that QTI in 6 months from july-december 06 will make a bigger profit than the whole of 2005. A certain buy for me.
soul traders
- 14 Dec 2006 10:55
- 125 of 440
Argos, what profit ????
QTI is going to increase its sales, but so far they have not made a net profit (only an operating profit) and may not make a net profit for at least the next twelve months.
That said, a few of us really believe in this company's potential, hence we are on board early, but the reality of the situation is that the co may need to issue more shares to raise money in about mid-2007 in order to stay afloat.
Please make sure you have your facts right and have read the company financial reports correctly, as I'd hate for you to pile into this stock on the basis of one line in the trading statement and then to get your fingers burnt.
QTI is going to increase its sales, but so far they have not made a net profit (only an operating profit) and may not make a net profit for at least the next twelve months.
That said, a few of us really believe in this company's potential, hence we are on board early, but the reality of the situation is that the co may need to issue more shares to raise money in about mid-2007 in order to stay afloat.
Please make sure you have your facts right and have read the company financial reports correctly, as I'd hate for you to pile into this stock on the basis of one line in the trading statement and then to get your fingers burnt.
jmacroesus - 14 Dec 2006 12:24 - 126 of 440
Agree with that although I doubt that they will make a net profit in less that 2 years - given their cash situation a takeover seems quite possible before then.
diydave - 14 Dec 2006 15:19 - 127 of 440
Jmac. Re the 'number of voting shares statements'.. its just regulatory, see
http://www.nortonrose.com/html_pubs/view.asp?id=11328
http://www.nortonrose.com/html_pubs/view.asp?id=11328
jmacroesus - 14 Dec 2006 15:48 - 128 of 440
Thanks for clearing that up.
jmacroesus - 15 Dec 2006 16:51 - 129 of 440
Interesting article about smart (electricity) metering in the latest Economist ('Going metric'- available on economist.com without subscription). Includes the following:
'FOR most people, electricity meters are mundane devices. But in the eyes of utility bosses, they are bursting with untapped potential. For starters, if their design were just a little cleverer, they could transmit instant readings back to the power company, doing away with expensive visits to each customerMany analysts believe that power prices that vary hour by hour or even minute by minute, abetted by smart meters, are the shape of things to come.'
'FOR most people, electricity meters are mundane devices. But in the eyes of utility bosses, they are bursting with untapped potential. For starters, if their design were just a little cleverer, they could transmit instant readings back to the power company, doing away with expensive visits to each customerMany analysts believe that power prices that vary hour by hour or even minute by minute, abetted by smart meters, are the shape of things to come.'
soul traders
- 15 Dec 2006 19:08
- 130 of 440
Woo-hoo - wonder if that's what Mike T was talking about in the recent statement about a new product.
diydave - 16 Dec 2006 14:08 - 131 of 440
Could well be. I'll just have to keep sitting on my firmly crossed fingers!
soul traders
- 18 Dec 2006 10:27
- 132 of 440
Sounds uncomfortable. Are you typing with your nose?
jmacroesus - 18 Dec 2006 12:13 - 133 of 440
If variable utility pricing is eventually introduced for the domestic market that should solve the problem of who pays for the meters because it could be in the interests of both producers and consumers to install them.
According the economist article the 30m smart meters installed in Italy (the 30m figure is correct) seem to have been justified in terms of improved customer service. If the utitilty companies start to introduce smart meters with an inbuilt capacity to send the data over long distances (as opposed to the 'drive-by' sort currently in use) not sure where QTI would fit in - my understanding it that it currently uses data logging/communications devices attached to conventional meters.
According the economist article the 30m smart meters installed in Italy (the 30m figure is correct) seem to have been justified in terms of improved customer service. If the utitilty companies start to introduce smart meters with an inbuilt capacity to send the data over long distances (as opposed to the 'drive-by' sort currently in use) not sure where QTI would fit in - my understanding it that it currently uses data logging/communications devices attached to conventional meters.
soul traders
- 18 Dec 2006 13:07
- 134 of 440
QTI products send the info over the internet. You're right - the devices are usually attached to conventional meters.
jmacroesus - 18 Dec 2006 14:11 - 135 of 440
Yes, I realise that. Be interesting to know how the costs would come down if QTI's equipment was manufactured in very large quantities. If they could tap the domestic market.......
soul traders
- 10 Jan 2007 11:45
- 136 of 440
Here's a riddle: there's a trade of 3,000,000 this morning, deemed a sell but went through at what used to be the mid price of 0.75p.
Now the price is: QTI Bid: 0.5p Offer: 1.25p Change: 0.125
So clearly it wasn't a sell after all.
I wonder who has spent 22,500 on QTI stock.
Now the price is: QTI Bid: 0.5p Offer: 1.25p Change: 0.125
So clearly it wasn't a sell after all.
I wonder who has spent 22,500 on QTI stock.
soul traders
- 10 Jan 2007 11:46
- 137 of 440
Even better, on the Dark Side it's listed as number three amongst the top gainers.
which would be all right if it built on those gains.
which would be all right if it built on those gains.
jmacroesus - 10 Jan 2007 11:58 - 138 of 440
The 1.25p offer price was displayed some time before the trade so it's definitely a buy.
soul traders
- 10 Jan 2007 12:02
- 139 of 440
surely that would nmean that the trade price was below the mid and would therefore be a sell.
Of course, that would explain why the system thinks it's a sell - as we all know these larger trades tend to get processed later anyway, and distort the picture.
Of course, if it really had been a sell then I think it's fair to assume that the SP would have got hammered, as usual.
Of course, that would explain why the system thinks it's a sell - as we all know these larger trades tend to get processed later anyway, and distort the picture.
Of course, if it really had been a sell then I think it's fair to assume that the SP would have got hammered, as usual.
jmacroesus - 10 Jan 2007 13:28 - 140 of 440
These are the recent trades. The last trade yesterday was a sell at 0.56 and the middle close/open was 0.75. I presume the mms changed the offer price to 1.25 when the 3m trade was going through.
10/01/07 10:01 0.75 3,000,000 O 0.5 1.25 Sell
09/01/07 15:15 0.56 35,000 O 0.5 1 Sell
09/01/07 14:11 0.75 250,000 O 0.5 1 ?
09/01/07 13:40 0.875 100,000 O 0.5 1 Buy
10/01/07 10:01 0.75 3,000,000 O 0.5 1.25 Sell
09/01/07 15:15 0.56 35,000 O 0.5 1 Sell
09/01/07 14:11 0.75 250,000 O 0.5 1 ?
09/01/07 13:40 0.875 100,000 O 0.5 1 Buy
jmacroesus - 11 Jan 2007 10:19 - 141 of 440
56k shares bought today at 1.1p
soul traders
- 11 Jan 2007 11:45
- 142 of 440
As ever, JMAC, you beat me to it - good to see trading at upper end of price range.
jmacroesus - 11 Jan 2007 13:05 - 143 of 440
Yes - another 50k were subsequently traded at 1.1p. The 3m bought yesterday must have been significant.
diydave - 12 Jan 2007 20:24 - 144 of 440
URGENT!
Anybody been contacted by a New York company offering huge sums for QTI shares? Details to be forwarded by e-mail.
Could be a scam as a 'bond' is necessary to insure the transaction???
They claim to have a large number of shareholders on board already and those that don't will be left with a valueless shell???
Anybody been contacted by a New York company offering huge sums for QTI shares? Details to be forwarded by e-mail.
Could be a scam as a 'bond' is necessary to insure the transaction???
They claim to have a large number of shareholders on board already and those that don't will be left with a valueless shell???
jmacroesus - 15 Jan 2007 10:01 - 145 of 440
Sounds like a scam. Buyer this morning at 1.25p
diydave - 15 Jan 2007 11:44 - 146 of 440
Turns out it is a well known scam. Your contribution to the 'bond' is only a fraction of the promised proceeds... but many times the actual worth of the shares. The deal then 'falls through' and you forfeit your bond contribution.
Puzzle is the firm appears to be well established.
Puzzle is the firm appears to be well established.
jmacroesus - 15 Jan 2007 13:00 - 147 of 440
Steady small scale buying at present. The mms don't seem to be in any hurry to narrow the spread.
HARRYCAT
- 15 Jan 2007 13:34
- 148 of 440
So, who is the firm operating the scam? If we know who it is, we can avoid them.
diydave - 15 Jan 2007 14:21 - 149 of 440
Have to be a bit careful until I have proof. But rest assured that if you get contacted by an Asian(?) Gentleman claiming to be in New York, you will be in no doubt!
soul traders
- 15 Jan 2007 14:43
- 150 of 440
Harry, generally anyone who phones at random, especially from abroad, and offers lurid-sounding deals is thought to be on the make.
However, if you're holding the stock on a nominee account rather than certificates then you should be protected anyway, as your name won't be on the shareholders' register and no-one will know your contact details.
However, if you're holding the stock on a nominee account rather than certificates then you should be protected anyway, as your name won't be on the shareholders' register and no-one will know your contact details.
jmacroesus - 15 Jan 2007 16:14 - 151 of 440
500k shares sold at 0.75p - so the spread is effectively now 0.75/1.25p.
HARRYCAT
- 15 Jan 2007 17:05
- 152 of 440
That's a bit scary, soult!!! How do you know I hold in nominee a/c? You wouldn't be an Oriental chap based in New York by any chance? :o)
But, fear not. I am a saleman's worse nightmare when it comes to buying anything over the phone, so I shan't be duped!
But, fear not. I am a saleman's worse nightmare when it comes to buying anything over the phone, so I shan't be duped!
soul traders
- 15 Jan 2007 18:47
- 153 of 440
I have my sources, Harry :o)
diydave - 16 Jan 2007 15:59 - 154 of 440
QTI (as IPH) is one of the few penny shares I hold outside nominee a/c. Hence the contact, I suppose. Not heard a thing since, by the way.
diydave - 20 Jan 2007 16:00 - 155 of 440
It gets quite funny if it wasn't potentially so serious. Offer 1000x share value. Bond contribution required to participate 33x share value. Guarantor is also the Offerer's agent... bound by US law concerning funds held outside the US!!!
More info on ADVFN's MTM site where others are being similarly targeted.
More info on ADVFN's MTM site where others are being similarly targeted.
jmacroesus - 25 Jan 2007 17:10 - 156 of 440
From today's AGM statement:
Richard M Taylor, the Chairman, made the following comments:
'As part of our increased focus on the commercialisation of our products we
appointed Michael Merrick as Sales Director of our main trading subsidiary,
Qonnectis Networks Ltd, at the end of 2006. Michael, who joined Qonnectis in
January 2006, has been instrumental in the Company's continued expansion in the
water and energy sectors and through his extensive industry contacts has already
proven to be an invaluable addition to the Qonnectis team.
'We announced at the beginning of last month that trading since the year end has
been encouraging. A further update will be provided in the 2007 Interim Results,
which are due to be announced in March.
'We have recently moved to new premises, which will support the Company's
growth, and we believe we are now well placed to build on our success to date
and to maximise the opportunities presented to us through increasing regulatory
and market pressures for greater environmental awareness.'
The Company's new address is: Europe House, 170 Windmill Road West,
Sunbury-on-Thames, Middlesex, TW16 7HB.
Richard M Taylor, the Chairman, made the following comments:
'As part of our increased focus on the commercialisation of our products we
appointed Michael Merrick as Sales Director of our main trading subsidiary,
Qonnectis Networks Ltd, at the end of 2006. Michael, who joined Qonnectis in
January 2006, has been instrumental in the Company's continued expansion in the
water and energy sectors and through his extensive industry contacts has already
proven to be an invaluable addition to the Qonnectis team.
'We announced at the beginning of last month that trading since the year end has
been encouraging. A further update will be provided in the 2007 Interim Results,
which are due to be announced in March.
'We have recently moved to new premises, which will support the Company's
growth, and we believe we are now well placed to build on our success to date
and to maximise the opportunities presented to us through increasing regulatory
and market pressures for greater environmental awareness.'
The Company's new address is: Europe House, 170 Windmill Road West,
Sunbury-on-Thames, Middlesex, TW16 7HB.
soul traders
- 26 Jan 2007 10:31
- 157 of 440
Okay, so we're now one month into H2, H1 looks "encouraging", results due in March.
The sales director bit sounds good too - presumably he is working hard to justify his appointment.
Patience and time, that's all this needs . . .
The sales director bit sounds good too - presumably he is working hard to justify his appointment.
Patience and time, that's all this needs . . .
kazik - 26 Jan 2007 10:51 - 158 of 440
And a hell of a number of contracts, new, small and big ones!!!!!!!!!
squidd - 26 Jan 2007 14:58 - 159 of 440
QTI has come up on my radar as a potential recovery stock, so have read all the details. Seems to me this is very much the right product at the right time and should do well if and when the management sort themselves out, so worth a punt. Selftrade are offering at 1.00p within horrific spread so have placed limit order for 250k @ 0.9 and will see what happens. (Hope it wasn't me that depressed the price).
sd.
sd.
soul traders
- 26 Jan 2007 15:21
- 160 of 440
Squidd, it was you that depressed the price and you're a very naughty boy :o)
Welcome aboard anyway, and hope you managed to get the stock at the price you were after.
Welcome aboard anyway, and hope you managed to get the stock at the price you were after.
squidd - 29 Jan 2007 05:42 - 161 of 440
My limit buy order @ 0.9p was not filled on Friday, so I'm not yet a holder of QTI. With this huge spread it seems the mm's don't want to trade and it's not clear whether we are seeing the bottom or just a new low: I don't find the chart very helpful on this point and the owls who waken me at this time of the morning don't seem to know either.
Google has thown up a lot of stuff about "remote meter readings" which I've been browsing, though so far without any direction. I'll add some views when I've digested more.
sd.
Google has thown up a lot of stuff about "remote meter readings" which I've been browsing, though so far without any direction. I'll add some views when I've digested more.
sd.
diydave - 30 Jan 2007 11:47 - 162 of 440
Final on SCAM. Firm is Jacobs and Burns, prime pusher, Marcus James. Having initially been rather persistent, with all sorts of legalistic jargon to convince me of their integrity, as soon as I started asking a few awkward questions, they went away in hurry!! They are now getting plenty of adverse publicity.
Meantime, nice to see a newcomer or two recognizing the latent potential of this company which some of us saw at ten times the sp!!!
Meantime, nice to see a newcomer or two recognizing the latent potential of this company which some of us saw at ten times the sp!!!
jmacroesus - 05 Feb 2007 08:53 - 163 of 440
5th February 2007
Qonnectis plc
Partnership with Major UK Water Company
Qonnectis plc, a market leader in multi-utility smart metering, announces that,
following successful field trials of pre-production units, it has received
initial orders for a new product from a major UK water utility to a value of
73,000.
The orders are for the production of units incorporating new technology for
leakage control and monitoring applications. They follow the successful delivery
of that announced on 11 October 2006, stating that Qonnectis had received a
52,000 order to develop an innovative product with a utility.
The formal industry launch of the product is expected to take place later in
Qonnectis' financial year to 30 June 2007, with volume production taking place
in the Far East. The intellectual property rights (IPR) for the co-developed
product are jointly owned, and are based on a combination of pre-existing
background IPR owned independently by the water company and Qonnectis.
Michael Tapia, Chief Executive of Qonnectis commented;
'This product represents a breakthrough for leakage control and a major step
forward for Qonnectis as a business. The partnership with our customer has
created a product with considerable potential and we expect it to make a
significant contribution to our continued growth.'
Qonnectis plc
Partnership with Major UK Water Company
Qonnectis plc, a market leader in multi-utility smart metering, announces that,
following successful field trials of pre-production units, it has received
initial orders for a new product from a major UK water utility to a value of
73,000.
The orders are for the production of units incorporating new technology for
leakage control and monitoring applications. They follow the successful delivery
of that announced on 11 October 2006, stating that Qonnectis had received a
52,000 order to develop an innovative product with a utility.
The formal industry launch of the product is expected to take place later in
Qonnectis' financial year to 30 June 2007, with volume production taking place
in the Far East. The intellectual property rights (IPR) for the co-developed
product are jointly owned, and are based on a combination of pre-existing
background IPR owned independently by the water company and Qonnectis.
Michael Tapia, Chief Executive of Qonnectis commented;
'This product represents a breakthrough for leakage control and a major step
forward for Qonnectis as a business. The partnership with our customer has
created a product with considerable potential and we expect it to make a
significant contribution to our continued growth.'
soul traders
- 05 Feb 2007 10:43
- 164 of 440
nice post, JMAC. It's all pointing in the right direction, as ever.
HARRYCAT
- 05 Feb 2007 10:56
- 165 of 440
Don't mean to pour cold water on this but 73k is a very small order & that is the value, not the profit. I suspect on the initial order that the profit margin is very small. The sp has not moved, indicating that the market is not over impressed either.
soul traders
- 05 Feb 2007 11:28
- 166 of 440
Good point, Harry, but for those of us playing a long game with QTI the green shoots are vey encouraging.
jmacroesus - 05 Feb 2007 11:53 - 167 of 440
Agree ST. Also, if the 73k is included in the turnover to June - which was already expected be at least 250k - it will provide an useful extra boost. A clearer picture should emerge when they publish the interims in March.
soul traders
- 05 Feb 2007 12:09
- 168 of 440
JMAC, yep, it'll look good on the topline, but we do need to have significant revenues in sight. I have no doubt that these will be reached in due course, but then you know I have long been bullish about this stock :o)
Agree that the interims will be telling - and hoping that the pubs industry order resurfaces at some point as that is likely to be a major driver of revenues.
It's good to see that QTI is expanding its product range and still continuing to attract the attention of large industry customers.
As long as the company doesn't stay cash negative for too long (and I'm guessing that unless there is a huge shift in revenues, they will still be burning cash at the end of the period to June 2007), things should be good for us. I'm anticipating another fundraising though.
Agree that the interims will be telling - and hoping that the pubs industry order resurfaces at some point as that is likely to be a major driver of revenues.
It's good to see that QTI is expanding its product range and still continuing to attract the attention of large industry customers.
As long as the company doesn't stay cash negative for too long (and I'm guessing that unless there is a huge shift in revenues, they will still be burning cash at the end of the period to June 2007), things should be good for us. I'm anticipating another fundraising though.
squidd - 06 Feb 2007 02:47 - 169 of 440
I suggested QTI to our investment club as a recovery stock but had an instant rejection owing to the disastrous chart, the huge spread and lack of any signs of life.
There's a crying need to solve the hassle with meter readings and its surprising that there's been so little penetration in the mass market. It appears that remote reading for electric meters has been around for at least 20 years, using the existing power cables and/or a wireless link, and before the internet became widespread, yet even this seems to have gained only a toe hold both here and in the US. I assume that with deregulation, the installation and set-up costs have proved to be a barrier, and you only have to look at the treatment that outside meters are subjected to, by vandals etc, to realise that the solution has to be both simple and sturdy as well as cost effective. So the news of mass production in the far east is encouraging and QTI stays on the watch list.
sd.
There's a crying need to solve the hassle with meter readings and its surprising that there's been so little penetration in the mass market. It appears that remote reading for electric meters has been around for at least 20 years, using the existing power cables and/or a wireless link, and before the internet became widespread, yet even this seems to have gained only a toe hold both here and in the US. I assume that with deregulation, the installation and set-up costs have proved to be a barrier, and you only have to look at the treatment that outside meters are subjected to, by vandals etc, to realise that the solution has to be both simple and sturdy as well as cost effective. So the news of mass production in the far east is encouraging and QTI stays on the watch list.
sd.
soul traders
- 06 Feb 2007 03:22
- 170 of 440
SD, thank goodness someone else is awake - or don't tell me, actually you live in Malaysia and are posting here during your lunch-break!!
I'm not surprised your investment club colleagues didn't go for it, to be honest - if I wasn't locked in I probably wouldn't buy right now either.
However, I still remain bullish for the long term. QTI will get there in the end, and they have certainly proved they can save users money, so to my mind the casefor the product ought to be well-proven already.
Soul out.
I'm not surprised your investment club colleagues didn't go for it, to be honest - if I wasn't locked in I probably wouldn't buy right now either.
However, I still remain bullish for the long term. QTI will get there in the end, and they have certainly proved they can save users money, so to my mind the casefor the product ought to be well-proven already.
Soul out.
jmacroesus - 06 Feb 2007 08:50 - 171 of 440
SD - 30m bi-directional electricity meters were installed in Italy before deregulation - there was an article about this in the 15th December Economist.
Ofgem is currently studying the introduction of smart gas/electricity meters here.
Ofgem is currently studying the introduction of smart gas/electricity meters here.
silvermede
- 08 Feb 2007 12:25
- 172 of 440
Tonight (Thurs 8 Feb 07) Radio 4:
20:30
In Business
Water Works
The geopolitics of oil has loomed over global affairs for the past 80 years, but now the attention of policy makers and investors is turning to an even more basic resource. In an ever thirstier world, Peter Day asks if water will be the next oil?
20:30
In Business
Water Works
The geopolitics of oil has loomed over global affairs for the past 80 years, but now the attention of policy makers and investors is turning to an even more basic resource. In an ever thirstier world, Peter Day asks if water will be the next oil?
squidd - 08 Feb 2007 14:16 - 173 of 440
ST: No, I'm not in the far East, but in the near South, not far from where you are heading. I too am optimistic about the prospects for QTI in the longer term.
JC & SM: Thanks for recent posts, I think the news supports this longer term view.
Purely from a charting point of view, I like my recovery stocks to spend some time in the doldrums, long enough for the sp to easily cross and lead the 65 & 125 dma's. as has happened with CW & PDR from opposite ends of the spectrum in my recovery portfolio (although other stocks I have, aren't so accommodating). Any whiff of a possible cash call for QTI will probably ensure the sp stays depressed for a while yet and maybe I'll be piling in when reconstructing my portfolio in the new fiscal year.
sd.
JC & SM: Thanks for recent posts, I think the news supports this longer term view.
Purely from a charting point of view, I like my recovery stocks to spend some time in the doldrums, long enough for the sp to easily cross and lead the 65 & 125 dma's. as has happened with CW & PDR from opposite ends of the spectrum in my recovery portfolio (although other stocks I have, aren't so accommodating). Any whiff of a possible cash call for QTI will probably ensure the sp stays depressed for a while yet and maybe I'll be piling in when reconstructing my portfolio in the new fiscal year.
sd.
diydave - 21 Feb 2007 22:00 - 174 of 440
They may well get there in the end, Soul but I am beginning to suspect the next ice age might come first. Then we will be frozen in as well as locked in!
(Over on ADVFN, the QTI thread has taken to discussing dog racing to pass the time!!)
(Over on ADVFN, the QTI thread has taken to discussing dog racing to pass the time!!)
soul traders
- 22 Feb 2007 10:54
- 175 of 440
Never mind, Dave, I seem to be blessed with incredible amounts of patience where Qonnectis is concerned, and sometimes wish I wasn't :o)
jmacroesus - 22 Feb 2007 14:29 - 176 of 440
At the present time a new ice age seems distinctly unlikely...The March interims should provide something positive - hopefully an indication that the revenue for the current financial year will top 300k.
My main concern is that their product will be displaced by companies like Severn Trent with greater development resources. See:
SmartMeter(TM) Water Meters Receive Measuring Instruments Directive Approval for EuropeSource: www.edie.net
My main concern is that their product will be displaced by companies like Severn Trent with greater development resources. See:
SmartMeter(TM) Water Meters Receive Measuring Instruments Directive Approval for EuropeSource: www.edie.net
squidd - 22 Feb 2007 15:45 - 177 of 440
Still watching QTI, but can't find much that's positive: my trawl thro' all the info' that Google produced, raised more questions than answers. Meanwhile, I've had a nibble at SPI which among other things does meter readings.
sd.
sd.
diydave - 22 Feb 2007 19:17 - 178 of 440
Take your point jmac, but the article concerns the development of meters which retain long term accuracy. Seems to me that QTI's technology to monitor these is then even more relevant. What are we missing here? Why is this company not heading for the stars? If they don't grasp the nettle soon then your concerns will become only too evident... somebody will steal the advantage with a vengence.
rgds.
rgds.
jmacroesus - 23 Feb 2007 10:11 - 179 of 440
M Tapia, ceo of QTI, founded Talisman Systems which was acquired by Severn Trent in 1997. But Severn Trent are now introducing meters with sophisticated data logging and inbuilt transmitters - probably short range at present but I wouldn't think it would be difficult to extend this using mobile phone technology etc. This is from Severn Trent's www.smartmeter.co.uk website:
Severn Trent Metering Services Introduces Revolutionary Water Meter with Internal Radio Transmitter
Date: 30/06/2006
Chesterfield, UK June 29th, 2006 Severn Trent Services has introduced the latest addition to its SmartMeter family of fluidic oscillation water meters. The SmartMeter C100R concentric water meter features a range of functions designed to provide real-time monitoring and reporting of domestic water consumption data, identification of peak week demand and the detection of leakages. The C100R helps address concerns about water shortages by improving management and reducing demand of water resources.
Severn Trent Metering Services recognised the need for a new approach to tackle the issue of water resource management. After discussing with seven UK water companies the need for an improved meter, a working group was set up to establish a detailed technical specification and to complete the final design. The development of this revolutionary new water meter took 21 months from conception to launch.
Utilising an internal radio that transmits real-time data, the C100R constantly monitors consumption patterns and stores information on continuous flow, which may indicate leakage on customers' properties. The transmitter produces data every 30 seconds, providing users with the ability to carry out high resolution wireless data logging. The real-time data information enables daily, hourly or more frequent data logging, offering water utilities the ability to perform consumption profiling and to implement time-of-day and seasonal tariffs, encouraging consumers to use water during non-peak demand times.
The C100R is configured with a real-time clock and calendar and is programmed to store meter readings for the previous 14 months to provide accurate billing data and minimise customer disputes. It also is capable of recording the start date, duration and rate of water leakages, enabling water utilities to identify and prioritise where work is required and when the repairs have been successfully completed.
Severn Trent Metering Services Introduces Revolutionary Water Meter with Internal Radio Transmitter
Date: 30/06/2006
Chesterfield, UK June 29th, 2006 Severn Trent Services has introduced the latest addition to its SmartMeter family of fluidic oscillation water meters. The SmartMeter C100R concentric water meter features a range of functions designed to provide real-time monitoring and reporting of domestic water consumption data, identification of peak week demand and the detection of leakages. The C100R helps address concerns about water shortages by improving management and reducing demand of water resources.
Severn Trent Metering Services recognised the need for a new approach to tackle the issue of water resource management. After discussing with seven UK water companies the need for an improved meter, a working group was set up to establish a detailed technical specification and to complete the final design. The development of this revolutionary new water meter took 21 months from conception to launch.
Utilising an internal radio that transmits real-time data, the C100R constantly monitors consumption patterns and stores information on continuous flow, which may indicate leakage on customers' properties. The transmitter produces data every 30 seconds, providing users with the ability to carry out high resolution wireless data logging. The real-time data information enables daily, hourly or more frequent data logging, offering water utilities the ability to perform consumption profiling and to implement time-of-day and seasonal tariffs, encouraging consumers to use water during non-peak demand times.
The C100R is configured with a real-time clock and calendar and is programmed to store meter readings for the previous 14 months to provide accurate billing data and minimise customer disputes. It also is capable of recording the start date, duration and rate of water leakages, enabling water utilities to identify and prioritise where work is required and when the repairs have been successfully completed.
diydave - 28 Feb 2007 13:41 - 180 of 440
Reading between the lines, it seems that the local data retention and 'proximity' interrogation of the Severn Trent system could well be to deliberately steer clear of QTI's remote interrogation facility... perhaps even to permit complimentarity?
However, it doesn't change the point that unless QTI grabs the baton and runs with it, somebody else will... which is what is going to affect us directly as investors!
However, it doesn't change the point that unless QTI grabs the baton and runs with it, somebody else will... which is what is going to affect us directly as investors!
jmacroesus - 28 Feb 2007 16:29 - 181 of 440
Be interesting to find out if the 'Partnership with Major UK Water Company' announced on 5/2 was with Severn Trent - I suspect it may have been. Hopefully we'll find out in the interim statement in March.
jmacroesus - 06 Mar 2007 09:48 - 182 of 440
sp at an all-time low this morning with a buy at 0.55 and a sell at 0.30.
soul traders
- 06 Mar 2007 09:52
- 183 of 440
Sitting on a big loss on this one, but haven't entirely given up hope of a recovery.
jmacroesus - 06 Mar 2007 10:03 - 184 of 440
Doesn't look as if the interim statement will contain too much good news. Can't see them folding - more likely they would be bought out by one or more customers if/when they run into another cash crisis.
diydave - 20 Mar 2007 18:15 - 185 of 440
I'm almost resigned to that now jmac... a fully realised 95% loss unless some gem of a customer thinks its worth what I originally hoped it would be!
If it comes to pass, the only winners will be the directors whose salaries will have amounted to a substantial part of the drop in MC over the last few years!
If it comes to pass, the only winners will be the directors whose salaries will have amounted to a substantial part of the drop in MC over the last few years!
jmacroesus - 26 Mar 2007 10:22 - 186 of 440
Interim results due out this week?
25th January 2007
'We announced at the beginning of last month that trading since the year end (30/06) has been encouraging.
(Growth...has been significant, with sales and margins in the first half expected to be well in excess of those achieved in the same period last year, and also ahead of the last full financial year ending 30th June 2006)
A further update will be provided in the 2007 Interim Results,
which are due to be announced in March.
5th February 2007
Qonnectis plc announces that, following successful field trials of pre-production units, it has received initial orders for a new product from a major UK water utility to a value of 73,000.
25th January 2007
'We announced at the beginning of last month that trading since the year end (30/06) has been encouraging.
(Growth...has been significant, with sales and margins in the first half expected to be well in excess of those achieved in the same period last year, and also ahead of the last full financial year ending 30th June 2006)
A further update will be provided in the 2007 Interim Results,
which are due to be announced in March.
5th February 2007
Qonnectis plc announces that, following successful field trials of pre-production units, it has received initial orders for a new product from a major UK water utility to a value of 73,000.
soul traders
- 26 Mar 2007 13:12
- 187 of 440
JMAC, results ought to be out by end of March if previous years are anything to go by.
hope it's good news . . . .
hope it's good news . . . .
jmacroesus - 26 Mar 2007 13:35 - 188 of 440
ST - on the basis of the statements issued since the 06 final results came out I would have expected indications of a significant improvement in turnover and profitability. However since the end of January share sales have exceeded shares bought by about 4m so am not so sure. Maybe the market has got it wrong....
soul traders
- 26 Mar 2007 15:44
- 189 of 440
Difficult to call, JMAC. I guess a few punters must be disappointed with the performance. I agree that there ought to be an upturn in turnover, but how big that is likely to be is another thing altogether.
Watching and waiting . . . .
Watching and waiting . . . .
soul traders
- 27 Mar 2007 12:39
- 190 of 440
A bit of a drop this morning: QTI Bid: 0.375p Offer: 0.5p Change: -0.0625
618,000 traded.
I hope this is a pre-results tree-shake!
618,000 traded.
I hope this is a pre-results tree-shake!
jmacroesus - 28 Mar 2007 08:25 - 191 of 440
Qonnectis plc
28 March 2007
QONNECTIS PLC
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2006
Qonnectis plc ('Qonnectis' or 'the Company'; stock code: QTI), a market leader
in multi-utility smart metering, announces its unaudited interim results for the
six months ended 31 December 2006, a period of continued progress.
Highlights:
Turnover increased by 141% to 161,185. (H1 2006: 66,983; FY 2006:
109,425);
Gross margin increased to 66% (H1 2006: 57%; FY 2006: 29%);
Significant new client wins, repeat orders continue to increase;
Strengthening key client relationships whilst founding new ones;
Production of units incorporating new technology;
Loss per share 0.23p (H1 2006: 0.25p; FY 2006: 0.51p)
Commenting on the results, Chairman, Richard Taylor said:
'The Company has continued to make progress. Once again turnover has increased
sharply, the gross margin has further improved, we continue to expand the client
base and increase the level of repeat business. The monies raised during the
period have been used to expand our marketing resources, primarily, and we are
beginning to see the benefits of this. In addition, we are excited by the pace
of development of our partnership with a major UK water company for the
production of units incorporating new technology for leakage control and
monitoring applications. The progress made in the period shows every sign of
being sustained in the second half of FY 2007.'
jmacroesus - 28 Mar 2007 09:49 - 192 of 440
Bid: 0.5p Offer: 0.75p up 42.6%
Looks as if turnover for FY 2007 will be well in excess of 300k i.e. 3x FY 2006
Looks as if turnover for FY 2007 will be well in excess of 300k i.e. 3x FY 2006
HARRYCAT
- 28 Mar 2007 10:32
- 193 of 440
Amazing though that one fifth of a penny represents a 42% rise !!!
I don't think I am going to get rich anytime soon with this one.
I don't think I am going to get rich anytime soon with this one.
jmacroesus - 28 Mar 2007 11:40 - 194 of 440
Look after the fifths of a penny and the pennies.....
588,082 shares traded so far - all buys at 0.7p
588,082 shares traded so far - all buys at 0.7p
soul traders
- 28 Mar 2007 12:50
- 195 of 440
Glad to see the results are pointing in the right direction. The rate of growth is fantastic in itself - but really we need ten times the current t/o! The company's Achilles heel is the small amount of cash in the bank.
Nice to see the amount of shares traded this morning, but it's still barely more than 4,000-worth of stock.
There was no mention of the big pub deal, which I thought was supposed to lead to a big increase in turnover. Maybe the pubs are too busy with implementing the smoking ban . . .
Also no mention of a possible fundraising. Could be tactical: the board waiting until the SP rises a bit before announcing a placing at the higheer SP.
Continuing to hang on in there. PDYOR, etc.
Nice to see the amount of shares traded this morning, but it's still barely more than 4,000-worth of stock.
There was no mention of the big pub deal, which I thought was supposed to lead to a big increase in turnover. Maybe the pubs are too busy with implementing the smoking ban . . .
Also no mention of a possible fundraising. Could be tactical: the board waiting until the SP rises a bit before announcing a placing at the higheer SP.
Continuing to hang on in there. PDYOR, etc.
jmacroesus - 28 Mar 2007 17:34 - 196 of 440
The results were rather better than I expected although I agree there is still some way to go. According to my calculations they need to be turning over 1.5m-2m to break even but their sales seem to be gathering momentum so that may not take so long.
Any idea who the 'major water company' referred to in the RNS is?
Any idea who the 'major water company' referred to in the RNS is?
silvermede
- 28 Mar 2007 18:30
- 197 of 440
From the interims:
The relationship with Scottish Water has gone from strength to strength and included an order to the value of 56,000 for 'iStaq' data loggers and web services.
The relationship with Scottish Water has gone from strength to strength and included an order to the value of 56,000 for 'iStaq' data loggers and web services.
kazik - 29 Mar 2007 09:23 - 198 of 440
With such big contracts, QTI should become profitable, when?
jmacroesus - 29 Mar 2007 09:35 - 199 of 440
SM - I don't think the company referred to in connection with the new technology for leakage control is Scottish Water - the latter's smart meter service uses the standard data loggers. It's probably one of the following:
Anglian Water Services Ltd
Dwr Cymru Cyfyngedig (Welsh Water)
Northumbrian Water Ltd
Severn Trent Water Ltd
South West Water Ltd
Southern Water Services Ltd
Thames Water Utilities Ltd
United Utilities Water Plc
Wessex Water Services Ltd
Yorkshire Water Services Ltd
Could be Severn Trent, with whom the ceo of QTI has past associations but Thames Water has had a lot of bad publicity concerning leaks so it may well be them - QTI is based in the Thames Water area.
Anglian Water Services Ltd
Dwr Cymru Cyfyngedig (Welsh Water)
Northumbrian Water Ltd
Severn Trent Water Ltd
South West Water Ltd
Southern Water Services Ltd
Thames Water Utilities Ltd
United Utilities Water Plc
Wessex Water Services Ltd
Yorkshire Water Services Ltd
Could be Severn Trent, with whom the ceo of QTI has past associations but Thames Water has had a lot of bad publicity concerning leaks so it may well be them - QTI is based in the Thames Water area.
silvermede
- 29 Mar 2007 10:50
- 200 of 440
jma, if that is the case, then even better!
soul traders
- 29 Mar 2007 11:51
- 201 of 440
Kazik, they'll need a lot more of those "big contracts" to break the 2 million turnover that they apparently need in order to break even.
soul traders
- 29 Mar 2007 17:06
- 202 of 440
Up again today, 1.4 mil traded. QTI Bid: 0.625p Offer: 0.875p Change: 0.125
Which is about 11k worth!
Which is about 11k worth!
jmacroesus - 29 Mar 2007 17:24 - 203 of 440
All but two trades were buys so the upwards pressure on the sp has been maintained. So far there have not been any 0.5m+ trades since the interims came out.
Be interesting to see if tomorrow's IC has any comment.
Be interesting to see if tomorrow's IC has any comment.
jmacroesus - 30 Mar 2007 14:48 - 204 of 440
Up again, Bid: 0.75p Offer: 1.00p Shares traded 883k
soul traders
- 30 Mar 2007 15:38
- 205 of 440
That's good to see.
soul traders
- 02 Apr 2007 11:04
- 206 of 440
Up again, a bit: QTI Bid: 0.75p Offer: 1.25p Change: 0.125 One million traded
silvermede
- 02 Apr 2007 22:18
- 207 of 440
Melissa Carroll for The Penny Sleuth (Part of Fleet St Publications) had a write up on QTI in her daily e-mail today, which may explain some of the trades today.
soul traders
- 03 Apr 2007 10:15
- 208 of 440
Some general industry info, might eventually provide encouragement for QTI:
Severn Trent unable to confirm whether it has met 2006/7 leakage targets UPDATE
(adds comment from chief executive)LONDON (AFX) - Utility Severn Trent PLC has pledged to meet leakage targetsfor the next financial year, despite being unable to confirm that it had metthis years targets in todays trading update.Chief executive Colin Matthews told reporters that it was too early to saywhether the company had missed guidelines on how much capacity it is allowed towaste."Leakage is a complicated measurement and it will take us several weeks toknow in detail the leakage for the year as a whole," he said. "So I can neithersay today whether we definitely will or will not meet our target for the year."But we have devoted much more resources than previously, and it is clearthat leakage in March is down on a year ago."Ofwats target for 06/07 is 525 megalitres per day. Last year, it was 505 andSevern Trent recorded 542 megalitres, but missed a fine from Ofwat because ithad undertaken to invest 100 mln stg over what had been asked to improveinfrastructure.Matthews was keen to point out that last year was the first time the companyhad missed its targets and added that the Ofwat objective was already slightlymore than the companys "economic level of leakage" - beyond which reducing leaksbecomes uneconomic and not in the best interests of charges consumers have topay."Our customers already enjoy some of the lowest charges for water and wasteanywhere in the UK," Matthews said. We will invest something like 550 mln stgworth of capital on maintaining our infrastructure and assets. For every onepound of profit, we invest 3 stg back into the physical infrastructure."But he will be privately hoping that Severn Trent does not miss targets forthe second year running. Ofwat's recent price review for utilities allowed thecompany to increase prices by 5.7 pct on 2007-08. Although this is notexcessive, it would be an inconvenient time for the company to admit it has notkept its side of the bargain.Matthews said Severn Trent was to cut 600 jobs over the next five years asit continued to refocus after the disposal of waste arm Biffa PLC.The job cuts, which amount to a 10 pct reduction in the workforce over thenext five years, will mostly be done by voluntary severance and are a responseto the utility becoming a pure water play.Analysts were heartened by indications that Severn Trent was "sorting itselfout", in the words of Merrill Lynch analyst Robert Miller-Bakewell.The company said trading was in line and forecast an increase in pretaxprofit of between 1 and 3 pct. "A shrinking regulatory backlog may yet encouragean LBO promoter to take a serious appraisal," he said.philip.waller@thomson.compaw/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including byframing or similar means, is expressly prohibited without the prior writtenconsent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX NewsLimitedFor more information and to contact AFX: www.afxnews.com andwww.afxpress.com
Severn Trent unable to confirm whether it has met 2006/7 leakage targets UPDATE
(adds comment from chief executive)LONDON (AFX) - Utility Severn Trent PLC has pledged to meet leakage targetsfor the next financial year, despite being unable to confirm that it had metthis years targets in todays trading update.Chief executive Colin Matthews told reporters that it was too early to saywhether the company had missed guidelines on how much capacity it is allowed towaste."Leakage is a complicated measurement and it will take us several weeks toknow in detail the leakage for the year as a whole," he said. "So I can neithersay today whether we definitely will or will not meet our target for the year."But we have devoted much more resources than previously, and it is clearthat leakage in March is down on a year ago."Ofwats target for 06/07 is 525 megalitres per day. Last year, it was 505 andSevern Trent recorded 542 megalitres, but missed a fine from Ofwat because ithad undertaken to invest 100 mln stg over what had been asked to improveinfrastructure.Matthews was keen to point out that last year was the first time the companyhad missed its targets and added that the Ofwat objective was already slightlymore than the companys "economic level of leakage" - beyond which reducing leaksbecomes uneconomic and not in the best interests of charges consumers have topay."Our customers already enjoy some of the lowest charges for water and wasteanywhere in the UK," Matthews said. We will invest something like 550 mln stgworth of capital on maintaining our infrastructure and assets. For every onepound of profit, we invest 3 stg back into the physical infrastructure."But he will be privately hoping that Severn Trent does not miss targets forthe second year running. Ofwat's recent price review for utilities allowed thecompany to increase prices by 5.7 pct on 2007-08. Although this is notexcessive, it would be an inconvenient time for the company to admit it has notkept its side of the bargain.Matthews said Severn Trent was to cut 600 jobs over the next five years asit continued to refocus after the disposal of waste arm Biffa PLC.The job cuts, which amount to a 10 pct reduction in the workforce over thenext five years, will mostly be done by voluntary severance and are a responseto the utility becoming a pure water play.Analysts were heartened by indications that Severn Trent was "sorting itselfout", in the words of Merrill Lynch analyst Robert Miller-Bakewell.The company said trading was in line and forecast an increase in pretaxprofit of between 1 and 3 pct. "A shrinking regulatory backlog may yet encouragean LBO promoter to take a serious appraisal," he said.philip.waller@thomson.compaw/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including byframing or similar means, is expressly prohibited without the prior writtenconsent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX NewsLimitedFor more information and to contact AFX: www.afxnews.com andwww.afxpress.com
jmacroesus - 03 Apr 2007 12:33 - 209 of 440
A lot of money is being thrown at the leakage problem - could explain the comments in the QTI interims.
Here's more from Thames Water:
Tackling leakage remains our biggest priority.
Over the five years to 2010 we are investing 500,000 a day to reduce leakage, a total of 1bn that includes the deployment of the very latest technology to pinpoint invisible underground leaks.
Over 1400 people are already working to bring leakage down, a figure that will rise as Victorian mains replacement work in London accelerates.
We fixed 87,000 leaks in 2005/06. Thats over 200 a day, or one every six minutes, up 20 per cent compared to the previous year, a performance surpassing commitments we gave to Ofwat.
Leakage reduction and water conservation
We are visiting some business customers across our region over the coming months as part of our ongoing work to reduce leakage and conserve water.
We are connecting more equipment to water meters for a short period to collect extra data. This is separate to our regular visits to read meters for billing purposes.
Here's more from Thames Water:
Tackling leakage remains our biggest priority.
Over the five years to 2010 we are investing 500,000 a day to reduce leakage, a total of 1bn that includes the deployment of the very latest technology to pinpoint invisible underground leaks.
Over 1400 people are already working to bring leakage down, a figure that will rise as Victorian mains replacement work in London accelerates.
We fixed 87,000 leaks in 2005/06. Thats over 200 a day, or one every six minutes, up 20 per cent compared to the previous year, a performance surpassing commitments we gave to Ofwat.
Leakage reduction and water conservation
We are visiting some business customers across our region over the coming months as part of our ongoing work to reduce leakage and conserve water.
We are connecting more equipment to water meters for a short period to collect extra data. This is separate to our regular visits to read meters for billing purposes.
soul traders
- 03 Apr 2007 14:51
- 210 of 440
Let's hope they invest 500,000 a day in QTI!
silvermede
- 19 Apr 2007 21:04
- 211 of 440
Qonnectis plc
19 April 2007
19 April 2007
Qonnectis plc
Director/PDMR shareholding
The Company has been notified pursuant to transitional provision 7 of the
Disclosure and Transparency Rules that the following directors are interested in
3% or more of the voting rights of the Company:-
Name Percentage of voting rights held
Michael Anthony Tapia 9.62%
The above percentage is based on 218,608,023 being the total number of its
issued ordinary shares each carrying voting rights.
19 April 2007
19 April 2007
Qonnectis plc
Director/PDMR shareholding
The Company has been notified pursuant to transitional provision 7 of the
Disclosure and Transparency Rules that the following directors are interested in
3% or more of the voting rights of the Company:-
Name Percentage of voting rights held
Michael Anthony Tapia 9.62%
The above percentage is based on 218,608,023 being the total number of its
issued ordinary shares each carrying voting rights.
silvermede
- 19 Apr 2007 21:05
- 212 of 440
Qonnectis plc
19 April 2007
19 April 2007
Qonnectis plc
Holding in Company
The Company has been notified pursuant to transitional provision 7 of the
Disclosure and Transparency Rules that the following is interested in 3% or more
of the voting rights of the Company:-
Name Percentage of voting rights held
Alasia Trading Inc. 3.27%
The above percentage is based on 218,608,023 being the total number of its
issued ordinary shares each carrying voting rights.
19 April 2007
19 April 2007
Qonnectis plc
Holding in Company
The Company has been notified pursuant to transitional provision 7 of the
Disclosure and Transparency Rules that the following is interested in 3% or more
of the voting rights of the Company:-
Name Percentage of voting rights held
Alasia Trading Inc. 3.27%
The above percentage is based on 218,608,023 being the total number of its
issued ordinary shares each carrying voting rights.
john wigglesworth - 20 Apr 2007 08:33 - 213 of 440
Neither of which is a change from previously declared holdings.
kazik - 20 Apr 2007 08:48 - 214 of 440
At least did not reduce.
jmacroesus - 03 May 2007 14:28 - 215 of 440
I see that QTI registered a trademark - leakfrog - on 16 March (07) for a leak detection apparatus etc. Presumably this relates to 'our partnership with a major UK water company for the production of units incorporating new technology for leakage control and monitoring applications' mentioned in the interim report. Does anybody know any more about this?
See:http://www.ipo.gov.uk/tm/t-find/t-find-number?detailsrequested=C&trademark=2431206
See:http://www.ipo.gov.uk/tm/t-find/t-find-number?detailsrequested=C&trademark=2431206
soul traders
- 03 May 2007 15:04
- 216 of 440
Nice one, JMAC. But I don't know anything more about the technology. Have you tried emailing Mike Tapia?
john wigglesworth - 03 May 2007 19:55 - 217 of 440
There's aa American device with the same name - I'm sure it's no connection:
http://www.ideativeinc.com/leakfrog.cfm
http://www.ideativeinc.com/leakfrog.cfm
moneyman - 03 May 2007 23:00 - 218 of 440
Very different John
john wigglesworth - 04 May 2007 09:48 - 219 of 440
Yes, I'd hope so, too!
QTI are aware of the Canadian outfit, but don't intend marketing in N America, so it won't be material.
QTI are aware of the Canadian outfit, but don't intend marketing in N America, so it won't be material.
jmacroesus - 04 May 2007 10:30 - 220 of 440
Comprehensive description of service offered by Cambridge Water using QTI equipment on:
http://www.cambridge-water.co.uk/products/flow_logger.asp
Includes:
Pricing is based on a five-year contract per meter point for provision of hardware to collect meter data and service for data collection and provision of data over the internet. The price includes full five-year support and warranties provided by Cambridge Water, but excludes the cost of installation which will be quoted on an individual basis.
Price: 2,500
http://www.cambridge-water.co.uk/products/flow_logger.asp
Includes:
Pricing is based on a five-year contract per meter point for provision of hardware to collect meter data and service for data collection and provision of data over the internet. The price includes full five-year support and warranties provided by Cambridge Water, but excludes the cost of installation which will be quoted on an individual basis.
Price: 2,500
moneyman - 11 May 2007 11:07 - 221 of 440
This one just woke up but big spread.
moneyman - 13 May 2007 21:58 - 222 of 440
Looking at the chart it could have a very quick run upto the 2p level with some sustained buying.
soul traders
- 14 May 2007 10:53
- 223 of 440
Quite; see those analysts falling over themselves to publish "buy" recommendations . . . .
jmacroesus - 18 May 2007 09:21 - 224 of 440
18 May 2007
Qonnectis plc
Directorate Changes
The Board of Qonnectis plc ('Qonnectis' or 'the Company') is pleased to announce
the appointment of Guy Arthur Chant as a Non-Executive Director.
Guy Chant (53) has had extensive experience within the European utilities
industry, at both senior management and Board levels. Between 2002 and 2004 he
was Commercial Director of Thames Water Utilities Ltd and External Affairs
Director of Thames Water plc. More recently, Guy was Executive Director at
Berlinwasser Holding AG, (a joint venture between Land Berlin, RWE/Thames Water
('RWE') and Veolia Environnement S.A.) the main water utility serving the city
of Berlin. He left the Thames Water group during 2006 following RWE's
announcement of its intention to sell its UK subsidiary.
Prior to entering the utilities industry, Guy was Marketing Director of Crane
Ltd and a Director of Crane Europe Ltd. Between 1995 and 1999 he was Managing
Director of Thames Municipal Products Ltd ('TMP'). Here he oversaw the
development of a group of Thames Water-owned manufacturing and engineering
businesses operating in Europe, America, the Middle East and Asia. This group
included a business called Talisman Systems, established for TMP by Qonnectis'
founder and CEO, Michael Tapia, in 1994 which he took to leadership in the
European utility metering market prior to its sale to Severn Trent Water in
1997. Guy was an early investor in Qonnectis (his current shareholding in
Qonnectis plc amounts to 1,115,694 shares, representing 0.51% of the issued
share capital) and a member of the board when it was a private company prior to
its merger with IP Holdings plc in April 2003.
Commenting on Mr. Chant's appointment, Richard M. Taylor, Chairman, said:
'I am delighted that Guy is joining the Qonnectis Board. I am sure that his
insight into the challenges and opportunities currently facing the European
utility industry, and how Qonnectis can take best advantage of them, will prove
invaluable.'
Mr. Chant has been a director or partner in the following companies during the
past five years:
Thames Water Services Limited
Qonnectis Networks Limited
Qonnectis Group Limited
Central Berkshire Education Business Partnership
There is no further information to disclose in accordance with Schedule
Two(g) of the AIM Rules.
The Company also announces the resignation of Percival Albuquerque as a
Non-Executive Director effective 17th May 2007. The Board wishes to thank Mr.
Albuquerque for his contribution to the Company's development.
Qonnectis plc
Directorate Changes
The Board of Qonnectis plc ('Qonnectis' or 'the Company') is pleased to announce
the appointment of Guy Arthur Chant as a Non-Executive Director.
Guy Chant (53) has had extensive experience within the European utilities
industry, at both senior management and Board levels. Between 2002 and 2004 he
was Commercial Director of Thames Water Utilities Ltd and External Affairs
Director of Thames Water plc. More recently, Guy was Executive Director at
Berlinwasser Holding AG, (a joint venture between Land Berlin, RWE/Thames Water
('RWE') and Veolia Environnement S.A.) the main water utility serving the city
of Berlin. He left the Thames Water group during 2006 following RWE's
announcement of its intention to sell its UK subsidiary.
Prior to entering the utilities industry, Guy was Marketing Director of Crane
Ltd and a Director of Crane Europe Ltd. Between 1995 and 1999 he was Managing
Director of Thames Municipal Products Ltd ('TMP'). Here he oversaw the
development of a group of Thames Water-owned manufacturing and engineering
businesses operating in Europe, America, the Middle East and Asia. This group
included a business called Talisman Systems, established for TMP by Qonnectis'
founder and CEO, Michael Tapia, in 1994 which he took to leadership in the
European utility metering market prior to its sale to Severn Trent Water in
1997. Guy was an early investor in Qonnectis (his current shareholding in
Qonnectis plc amounts to 1,115,694 shares, representing 0.51% of the issued
share capital) and a member of the board when it was a private company prior to
its merger with IP Holdings plc in April 2003.
Commenting on Mr. Chant's appointment, Richard M. Taylor, Chairman, said:
'I am delighted that Guy is joining the Qonnectis Board. I am sure that his
insight into the challenges and opportunities currently facing the European
utility industry, and how Qonnectis can take best advantage of them, will prove
invaluable.'
Mr. Chant has been a director or partner in the following companies during the
past five years:
Thames Water Services Limited
Qonnectis Networks Limited
Qonnectis Group Limited
Central Berkshire Education Business Partnership
There is no further information to disclose in accordance with Schedule
Two(g) of the AIM Rules.
The Company also announces the resignation of Percival Albuquerque as a
Non-Executive Director effective 17th May 2007. The Board wishes to thank Mr.
Albuquerque for his contribution to the Company's development.
jmacroesus - 24 May 2007 09:13 - 225 of 440
From The Times
May 24, 2007
Free monitor will persuade home-owners to be thrifty
Valerie Elliott, Consumer Editor
A gadget to monitor household energy use is to be given free to every home that wants one.
The move is intended to make households think about the amount of energy they waste and for them to learn new habits such as switching off lights and turning off TVs and computers at the wall.
Energy companies are to supply the visual display units, which can show real-time energy use, to any customer who asks for them for a two-year period from next year.
They must also supply them to every new home and whenever a meter is being replaced.
Ministers believe that consumers will soon economise on energy when they realise the amount of money they are wasting on unnecessary energy use that leads to higher bills.
A control is attached to a household meter and the consumer uses the display unit to test the electricity use of each appliance in the house from games console to table lamp and washing machine.
The main government goal is for every home to have a smart meter for gas and electricity installed within ten years.
These meters cost about 250 to install today but if there is a nationwide take-up the price is expected to drop to about 150. Companies will be expected to pick up the cost of these meters but some industry figures believe that higher energy bills are inevitable.
The advantage of the smart meters, however, is that they show the amount of energy being used in a home at any one time. It might also encourage utility companies to introduce discount prices for energy use in off-peak hours. The meters can be read remotely, so bills are more accurate.
Alistair Darling, the Trade and Industry Secretary, made clear in yesterdays energy White Paper that he believed that consumers would change their behaviour to save money and reduce their carbon emissions to help to combat climate change. He is shortly to announce a two-year pilot project to test smart meters in several thousand homes.
EDF Energy has already installed smart meters in 200 homes in London and the South East in the past few weeks but hopes to involve 3,000 households in the trial before a national roll-out.
A smart meter would also provide an easy way to allow homes to sell back unused energy to the National Grid.
There was little in the White Paper, however, to encourage consumers to invest in wind turbines, solar panels and other microgeneration schemes.
The Government has already announced that it is lobbying the EU to allow only 5 per cent VAT on these items but there was no attempt to push energy companies to offer higher prices for surplus energy from green homes.
At present some companies buy back at 4p per kilowatt when they charge customers at least 10p.
The policy paper merely called for companies to be more transparent in the tariff they offered to buy in power.
The National Consumer Council was disappointed about the lack of urgency from the Government in the introduction of smart meters.
May 24, 2007
Free monitor will persuade home-owners to be thrifty
Valerie Elliott, Consumer Editor
A gadget to monitor household energy use is to be given free to every home that wants one.
The move is intended to make households think about the amount of energy they waste and for them to learn new habits such as switching off lights and turning off TVs and computers at the wall.
Energy companies are to supply the visual display units, which can show real-time energy use, to any customer who asks for them for a two-year period from next year.
They must also supply them to every new home and whenever a meter is being replaced.
Ministers believe that consumers will soon economise on energy when they realise the amount of money they are wasting on unnecessary energy use that leads to higher bills.
A control is attached to a household meter and the consumer uses the display unit to test the electricity use of each appliance in the house from games console to table lamp and washing machine.
The main government goal is for every home to have a smart meter for gas and electricity installed within ten years.
These meters cost about 250 to install today but if there is a nationwide take-up the price is expected to drop to about 150. Companies will be expected to pick up the cost of these meters but some industry figures believe that higher energy bills are inevitable.
The advantage of the smart meters, however, is that they show the amount of energy being used in a home at any one time. It might also encourage utility companies to introduce discount prices for energy use in off-peak hours. The meters can be read remotely, so bills are more accurate.
Alistair Darling, the Trade and Industry Secretary, made clear in yesterdays energy White Paper that he believed that consumers would change their behaviour to save money and reduce their carbon emissions to help to combat climate change. He is shortly to announce a two-year pilot project to test smart meters in several thousand homes.
EDF Energy has already installed smart meters in 200 homes in London and the South East in the past few weeks but hopes to involve 3,000 households in the trial before a national roll-out.
A smart meter would also provide an easy way to allow homes to sell back unused energy to the National Grid.
There was little in the White Paper, however, to encourage consumers to invest in wind turbines, solar panels and other microgeneration schemes.
The Government has already announced that it is lobbying the EU to allow only 5 per cent VAT on these items but there was no attempt to push energy companies to offer higher prices for surplus energy from green homes.
At present some companies buy back at 4p per kilowatt when they charge customers at least 10p.
The policy paper merely called for companies to be more transparent in the tariff they offered to buy in power.
The National Consumer Council was disappointed about the lack of urgency from the Government in the introduction of smart meters.
jmacroesus - 15 Jun 2007 09:55 - 226 of 440
690k+ shares bought at 0.85p - biggest single trade since the interims published.
jmacroesus - 15 Jun 2007 13:47 - 227 of 440
1.3m+ shares bought today, sp back to 0.5/1.0
Recent news item on QTI website includes the following:
Redditch Borough Council gets results
dramatic improvements since the Qonnectis equipment was installed. She commented, We have been working with Redditch Borough Council for over four years and one of their most impressive achievements is not only to install the data monitoring equipment but also to spend time understanding the data and taking the appropriate actions to reduce waste. Their results speak for themselves.
And they really do. To date, the Councils usage monitoring programme on the pilot sites has delivered significant benefits, with a 29% reduction in out-of-hours electricity usage and a 39% reduction in annual gas usage at the Town Hall, as well as a reduction in water usage at Crossgates Depot by 2,000m3 per annum. Annual cost savings achieved to date are in the region of 20,000, meaning that the payback period after deployment of the system is less than a year. Emissions savings at the Town Hall alone amount to more than 125 tonnes of CO2 per annum.
Mick Merrick, Sales Director of Qonnectis is impressed at the resolve of Redditch Borough Council to tackle their utility consumption issues. He commented, "Local Authorities are large users of water, gas and electricity over many disparate sites. It's impressive to see Redditch Borough Council using very modern technology to cut wastage, save council tax payers money and reduce their overall carbon footprint."
The Council has now identified funds for a further two years and two more sites have since been targeted, including one high usage gas site where the meter is particularly inaccessible. Here the system will be used to provide both a remote meter reading capability plus data to allow gas consumption to be monitored and hopefully reduced. The other is a high water usage site where an initial audit has identified scope for consumption reductions and hence savings via changes in work practices. It is still worth remembering that investigative work is far from complete at the four initial pilot sites, hence, further savings could be identified in the near future.
Recent news item on QTI website includes the following:
Redditch Borough Council gets results
dramatic improvements since the Qonnectis equipment was installed. She commented, We have been working with Redditch Borough Council for over four years and one of their most impressive achievements is not only to install the data monitoring equipment but also to spend time understanding the data and taking the appropriate actions to reduce waste. Their results speak for themselves.
And they really do. To date, the Councils usage monitoring programme on the pilot sites has delivered significant benefits, with a 29% reduction in out-of-hours electricity usage and a 39% reduction in annual gas usage at the Town Hall, as well as a reduction in water usage at Crossgates Depot by 2,000m3 per annum. Annual cost savings achieved to date are in the region of 20,000, meaning that the payback period after deployment of the system is less than a year. Emissions savings at the Town Hall alone amount to more than 125 tonnes of CO2 per annum.
Mick Merrick, Sales Director of Qonnectis is impressed at the resolve of Redditch Borough Council to tackle their utility consumption issues. He commented, "Local Authorities are large users of water, gas and electricity over many disparate sites. It's impressive to see Redditch Borough Council using very modern technology to cut wastage, save council tax payers money and reduce their overall carbon footprint."
The Council has now identified funds for a further two years and two more sites have since been targeted, including one high usage gas site where the meter is particularly inaccessible. Here the system will be used to provide both a remote meter reading capability plus data to allow gas consumption to be monitored and hopefully reduced. The other is a high water usage site where an initial audit has identified scope for consumption reductions and hence savings via changes in work practices. It is still worth remembering that investigative work is far from complete at the four initial pilot sites, hence, further savings could be identified in the near future.
soul traders
- 15 Jun 2007 15:39
- 228 of 440
Good update, JMAC. Thanks!
jmacroesus - 09 Jul 2007 09:51 - 229 of 440
9 July 2007
Qonnectis plc
Partnership with Major UK Water Company - new product shipments commence
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
technology and services provider, announces that it has begun shipping its new
'Leakfrog' product for water leakage monitoring, which was first announced in
October 2006. Thames Water, Qonnectis' partner and launch customer, is now
taking delivery of Leakfrog units for trial. Leakfrog is a small, cost-effective
electronic device which can be easily attached to domestic water meters and has
the intelligence to spot and size leaks. It is expected to be a significant
contributor to leakage reduction.
The Board believes that Leakfrog represents a breakthrough in extending water
company leakage monitoring into homes and expects the product to make a
significant contribution to the Company's sales and prospects going forward.
Qonnectis plc
Partnership with Major UK Water Company - new product shipments commence
Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation
technology and services provider, announces that it has begun shipping its new
'Leakfrog' product for water leakage monitoring, which was first announced in
October 2006. Thames Water, Qonnectis' partner and launch customer, is now
taking delivery of Leakfrog units for trial. Leakfrog is a small, cost-effective
electronic device which can be easily attached to domestic water meters and has
the intelligence to spot and size leaks. It is expected to be a significant
contributor to leakage reduction.
The Board believes that Leakfrog represents a breakthrough in extending water
company leakage monitoring into homes and expects the product to make a
significant contribution to the Company's sales and prospects going forward.
moneyman - 10 Jul 2007 11:15 - 230 of 440
Looks like it wants to push higher
jmacroesus - 10 Jul 2007 12:41 - 231 of 440
175k buy at 0.7. Trading statement due soon.
moneyman - 10 Jul 2007 18:41 - 232 of 440
Was really trying to move higher.Wouldn't be suprised if it does tomorrow.
soul traders
- 23 Jul 2007 18:03
- 233 of 440
Evening all. Not been on here for a while.
Nice news re Leakfrog. Any ideas when that TU is due?
Nice news re Leakfrog. Any ideas when that TU is due?
moneyman - 23 Jul 2007 18:41 - 234 of 440
TU ?
silvermede
- 23 Jul 2007 21:16
- 235 of 440
Trading Update
jmacroesus - 24 Jul 2007 10:15 - 236 of 440
The end FY06 trading statement came out on July 14 but understand there's to be a formal launch of the Thames/leakfrog deal so maybe a combined statement will be issued
moneyman - 24 Jul 2007 13:38 - 237 of 440
Ahh ! Bid up and online buying limited to 15K
moneyman - 24 Jul 2007 13:56 - 238 of 440
Can sell upto 525K over the published bid. Not going to take much to get this going now.
soul traders
- 24 Jul 2007 18:31
- 239 of 440
JMAC, any chance of posting the release of 14th July on here as I can't find it.
TIA.
TIA.
moneyman - 24 Jul 2007 21:26 - 240 of 440
An early move higher tomorrow may find some traders move into the stock as money moves from the large cap sector into the smaller cap.It's not going to take that much to achieve either IMO.
As they say the early bird catches the worm.
As they say the early bird catches the worm.
moneyman - 24 Jul 2007 21:28 - 241 of 440
Soul think he was reffering to last years.
jmacroesus - 25 Jul 2007 08:46 - 242 of 440
That's right.
moneyman - 26 Jul 2007 22:17 - 243 of 440
Someone took advantage of the drop and picked up 100K
jmacroesus - 30 Jul 2007 15:30 - 244 of 440
any idea why no buys being accepted at present?
jmacroesus - 31 Jul 2007 09:20 - 245 of 440
From BBC News - Friday, 29 June 2007
Thames Water in 1bn leaks plan
Thames Water has been heavily criticised for leaks in the past
Thames Water has unveiled plans to spend about 1bn in the next year as it tackles leaky pipes in London.
Thames Water in 1bn leaks plan
Thames Water has been heavily criticised for leaks in the past
Thames Water has unveiled plans to spend about 1bn in the next year as it tackles leaky pipes in London.
silvermede
- 29 Aug 2007 07:21
- 246 of 440
Qonnectis plc
29 August 2007
For Immediate Release 29 August 2007
Qonnectis plc
('Qonnectis' or 'the Company')
Trading Update
Following the recent financial year end, the Board of Qonnectis plc is pleased
to provide shareholders with an overview of trading in the period.
The Company has continued to grow revenues substantially in comparison to the
previous financial year, thus maintaining Qonnectis' track record of significant
sales growth year-on-year.
Qonnectis recently announced the launch of Leakfrog, a new product for
monitoring domestic water leakage developed in partnership with Thames Water.
Shipping of final production Leakfrog units to Thames Water began in June and
subsequent field trials have proved highly successful, such that the Board
remains optimistic regarding the future take-up and growth of this new product
range.
Turning to Qonnectis' Internet-based smart metering products and services,
customers continue to roll out the core iStaq GSM data logging and myMeter web
service product ranges. Additional web site developments for Scottish Water have
been completed, providing their customers with additional value-add services. We
have seen repeat business from other customers, such as Aquavitae and a number
of the NHS Trusts, as they add more sites. Marketing campaigns, together with an
expanded sales resource, have borne fruit and a number of new customers using
Qonnectis' technology to monitor energy and water efficiency have been acquired.
These include Jardine Motors, Smith Bellerby, Crawley Borough Council, Bury
Metropolitan Borough Council and AGA Rayburn.
With energy and environmental concerns so high in global political and economic
agendas, there has been a significant increase in interest in smart metering and
energy/water efficiency products from utilities internationally. Additionally,
the recent UK Government Energy White Paper raises the potential for smart
metering to be introduced to all 22 million homes in the UK. In the water
sector, the Department for Environment, Food and Rural Affairs ('Defra') earlier
this month announced plans to permit compulsory water metering in large parts of
the UK. These trends are likely to generate significant contract opportunities
and distribution partnerships for the Company going forward.
To maximise these opportunities and thereby accelerate its growth, Qonnectis has
reached an agreement with Security Change Ltd whereby the latter has agreed to
provide the Company with a 250,000 secured convertible loan facility repayable
by 31 January 2008. If not previously repaid, the loan may be converted at the
request of the loan holders at a price based on the market value of the shares.
###
Editors' notes - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities as well as large commercial and domestic users of energy
or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit
29 August 2007
For Immediate Release 29 August 2007
Qonnectis plc
('Qonnectis' or 'the Company')
Trading Update
Following the recent financial year end, the Board of Qonnectis plc is pleased
to provide shareholders with an overview of trading in the period.
The Company has continued to grow revenues substantially in comparison to the
previous financial year, thus maintaining Qonnectis' track record of significant
sales growth year-on-year.
Qonnectis recently announced the launch of Leakfrog, a new product for
monitoring domestic water leakage developed in partnership with Thames Water.
Shipping of final production Leakfrog units to Thames Water began in June and
subsequent field trials have proved highly successful, such that the Board
remains optimistic regarding the future take-up and growth of this new product
range.
Turning to Qonnectis' Internet-based smart metering products and services,
customers continue to roll out the core iStaq GSM data logging and myMeter web
service product ranges. Additional web site developments for Scottish Water have
been completed, providing their customers with additional value-add services. We
have seen repeat business from other customers, such as Aquavitae and a number
of the NHS Trusts, as they add more sites. Marketing campaigns, together with an
expanded sales resource, have borne fruit and a number of new customers using
Qonnectis' technology to monitor energy and water efficiency have been acquired.
These include Jardine Motors, Smith Bellerby, Crawley Borough Council, Bury
Metropolitan Borough Council and AGA Rayburn.
With energy and environmental concerns so high in global political and economic
agendas, there has been a significant increase in interest in smart metering and
energy/water efficiency products from utilities internationally. Additionally,
the recent UK Government Energy White Paper raises the potential for smart
metering to be introduced to all 22 million homes in the UK. In the water
sector, the Department for Environment, Food and Rural Affairs ('Defra') earlier
this month announced plans to permit compulsory water metering in large parts of
the UK. These trends are likely to generate significant contract opportunities
and distribution partnerships for the Company going forward.
To maximise these opportunities and thereby accelerate its growth, Qonnectis has
reached an agreement with Security Change Ltd whereby the latter has agreed to
provide the Company with a 250,000 secured convertible loan facility repayable
by 31 January 2008. If not previously repaid, the loan may be converted at the
request of the loan holders at a price based on the market value of the shares.
###
Editors' notes - About Qonnectis
Qonnectis' patented technologies enable the analysis of remote meter data to
facilitate water leakage control, customer profiling, and energy and water
management efficiency. Its products are already being used by a wide range of UK
and overseas utilities as well as large commercial and domestic users of energy
or water.
The iStaq family of products work by sending meter readings to Qonnectis' secure
data centre via SMS text messaging over the GSM network. The data is then
aggregated and published online via utility-branded 'myMeter' websites operated
by Qonnectis. The data can also be sent directly to utilities' billing systems.
Customers can access real-time information via a web browser using the 'myMeter'
service. For more information, please visit
moneyman - 29 Aug 2007 09:35 - 247 of 440
Thats much better than anticipated.
moneyman - 29 Aug 2007 10:55 - 248 of 440
Bit of a buying flurry started now.Looks like the MMs are trying to get some cheap stock.
jmacroesus - 29 Aug 2007 17:11 - 249 of 440
It looks as if there have been no sellers today. The only seller (of 200k shares) indicated was reported late and was almost certainly a buyer. Hence closing range of 0.7/0.85
moneyman - 29 Aug 2007 18:40 - 250 of 440
The 200K was definately a buy and looks like it had to be filled by the MM trade which moved it higher.
GOOD WRITE UP FROM advfn news tonight :-
Qonnectis took top spot among small-cap risers, gaining 0.275 to 0.775 after
the energy and water conservation technology provider said it has continued to
grow revenues substantially compared with the previous year, thus maintaining
its "track record of significant sales growth year-on-year."
Security Change has agreed to provide the company with a 250,000 stg secured
convertible loan facility repayable by Jan 31, 2008.
Meanwhile, Thames Water, Qonnectis' partner in developing its new 'Leakfrog'
domestic water leak detectors, has begun trialing the product.
GOOD WRITE UP FROM advfn news tonight :-
Qonnectis took top spot among small-cap risers, gaining 0.275 to 0.775 after
the energy and water conservation technology provider said it has continued to
grow revenues substantially compared with the previous year, thus maintaining
its "track record of significant sales growth year-on-year."
Security Change has agreed to provide the company with a 250,000 stg secured
convertible loan facility repayable by Jan 31, 2008.
Meanwhile, Thames Water, Qonnectis' partner in developing its new 'Leakfrog'
domestic water leak detectors, has begun trialing the product.
moneyman - 29 Aug 2007 19:33 - 251 of 440
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1549873
jmacroesus - 30 Aug 2007 09:54 - 252 of 440
Lively again this morning - mostly buyers. 250k indicated as a seller looks like a late reported buyer.
soul traders
- 03 Sep 2007 11:20
- 253 of 440
Pinch me, I'm dreaming!
Nice to see QTI finally coming good - some of my purchases are even in profit!
Nice to see QTI finally coming good - some of my purchases are even in profit!
soul traders
- 03 Sep 2007 11:23
- 254 of 440
The terms of that loan look quite encouraging. Borrowing only quarter of a mil, repayable in Jan 2008 - that's five months. For a while I was worried that the co would be coming back to the market with cap in hand.
Hanging in there - can't wait for the FY's and further newsflow.
Good luck to all. PDYOR etc.
Hanging in there - can't wait for the FY's and further newsflow.
Good luck to all. PDYOR etc.
jmacroesus - 03 Sep 2007 11:59 - 255 of 440
The latest trading update has certainly perked things up. Apart from the new customers for the traditional service the leakfrog development could be really significant - about 800k/25% of Thames household customers are currently metered and Thames are spending a lot on reducing leakage. According to Ofwat about 24% of all England/Wales leakage is from customer supply pipes.
diydave - 04 Sep 2007 13:09 - 256 of 440
So our faith was not entirely flushed down the drain, Soul!! By the way have you noticed CVL appears to be doing something similar?
rgds
rgds
Toya
- 08 Oct 2007 10:34
- 257 of 440
[From the RNS of 29Aug2007]: "Qonnectis recently announced the launch of Leakfrog, a new product for monitoring domestic water leakage developed in partnership with Thames Water. Shipping of final production Leakfrog units to Thames Water began in June and subsequent field trials have proved highly successful, such that the Board remains optimistic regarding the future take-up and growth of this new product range."
All L2 up, and sp is up today by 13.89% to 0.9-1.15p.
Could it be that some orders for the Leakfrog are imminent??
I tried to buy this morning and had to phone my order in the end - couldn't get any online at all!
All L2 up, and sp is up today by 13.89% to 0.9-1.15p.
Could it be that some orders for the Leakfrog are imminent??
I tried to buy this morning and had to phone my order in the end - couldn't get any online at all!
Toya
- 09 Oct 2007 15:14
- 258 of 440
QTI is up 11.9% this afternoon, following on from yesterday's rise. L2 all blue again and price has gone up to 1.05-1.30.
jmacroesus - 09 Oct 2007 17:45 - 259 of 440
An interesting reply from thames water re leakfrog posted on another board:
Thank you for your enquiry regarding the Leakfrog.
The use of these devices is currently still at an early stage within Thames
Water. They are currently being installed (and evaluated) on meters fitted
as part of our Victorian Mains Replacement (VMR) programme in London. We
are using them to gain a better understanding of domestic usage and or
leakage so that we can more clearly articulate the benefits of our VMR
programme.
As our experience of these devices grows, a logical extension of their use
will be to fit them as standard on replacement meters or to incorporate
similar technology within the construction of the meter. We are not yet in
this position and I am afraid that Leakfrogs are not available for our
programmes outside VMR at this time.
Thank you for your enquiry regarding the Leakfrog.
The use of these devices is currently still at an early stage within Thames
Water. They are currently being installed (and evaluated) on meters fitted
as part of our Victorian Mains Replacement (VMR) programme in London. We
are using them to gain a better understanding of domestic usage and or
leakage so that we can more clearly articulate the benefits of our VMR
programme.
As our experience of these devices grows, a logical extension of their use
will be to fit them as standard on replacement meters or to incorporate
similar technology within the construction of the meter. We are not yet in
this position and I am afraid that Leakfrogs are not available for our
programmes outside VMR at this time.
Toya
- 09 Oct 2007 18:04
- 260 of 440
Thanks for that info, jmacroesus. I feel something must be stirring though, as the price is moving steadly upwards so far this week.
jmacroesus - 10 Oct 2007 10:13 - 261 of 440
the volume isn't very high so presume it's position taking prior to the results to end june 07 due in the next few weeks. should be an update on leakfrog progress then too.
Toya
- 17 Oct 2007 07:45
- 262 of 440
Qonnectis wins 198,000 stg order for 'Leakfrog' from Thames Water
AFX LONDON (Thomson Financial) - "Qonnectis PLC said it has received an order worth 198,000 stg from Macquarie Bank unit Thames Water, following successful field trials of its new Leakfrog product for water leakage monitoring. The energy and water conservation technology company said the formal launch of Leakfrog will take place in early November.In a statement, the company said it feels that this represents a major milestone in its progress and future growth."
Great news guys - this is what I hoped might be cooking (see 261)
AFX LONDON (Thomson Financial) - "Qonnectis PLC said it has received an order worth 198,000 stg from Macquarie Bank unit Thames Water, following successful field trials of its new Leakfrog product for water leakage monitoring. The energy and water conservation technology company said the formal launch of Leakfrog will take place in early November.In a statement, the company said it feels that this represents a major milestone in its progress and future growth."
Great news guys - this is what I hoped might be cooking (see 261)
jmacroesus - 17 Oct 2007 09:04 - 263 of 440
Yes, looking good - sharp rise in the sp this morning - we should get more details with the formal launch in early November.
HARRYCAT
- 17 Oct 2007 13:22
- 264 of 440
Awesome! Nearly 6 million shares traded so far today & sp up 75%.
I'm nearly in profit after holding for what seems like an eternity!
I'm nearly in profit after holding for what seems like an eternity!
Toya
- 17 Oct 2007 15:21
- 265 of 440
Luckily I'm well in profit as I only bought very recently. It's been tempting to sell today but I'm inclined to hold on to these. I feel this is just the start, having read the RNSs etc.
jmacroesus - 17 Oct 2007 15:59 - 266 of 440
I agree, think this has some way to go yet.
soul traders
- 19 Oct 2007 11:53
- 267 of 440
Morning all! And welcome to those I haven't seen here before: Harry, Toya and others!
Agreed, the news is very positive (the Leakfrog order is bigger than reported turnover for the HY ending DEcember 2006!) and I'm delighted to say that I'm now not far off break-even, based on pound-cost average. :o)
Finals due in about 5 weeks' time?
Agreed, the news is very positive (the Leakfrog order is bigger than reported turnover for the HY ending DEcember 2006!) and I'm delighted to say that I'm now not far off break-even, based on pound-cost average. :o)
Finals due in about 5 weeks' time?
jmacroesus - 19 Oct 2007 13:12 - 268 of 440
ST - it looks as if the formal launch of Leakfrog will precede the finals - should generate some useful press coverage.
Odd shifts in the sp this morning given the preponderance of buys.
Odd shifts in the sp this morning given the preponderance of buys.
jmacroesus - 19 Oct 2007 14:00 - 269 of 440
19/10/07 13:46 1.75 1,086,500 T 1.6 1.8 Buy
jmacroesus - 19 Oct 2007 14:00 - 270 of 440
19/10/07 13:46 1.75 1,086,500 T 1.6 1.8 Buy
soul traders
- 19 Oct 2007 15:01
- 271 of 440
JMac, you may be right. It's also great that Leakfrog has experienced such a strong takeup from its text customer before it is launched to the wider market.
I'm enjoying the ride at this point :o)
I'm enjoying the ride at this point :o)
jmacroesus - 29 Oct 2007 10:25 - 272 of 440
lively again this morning- mostly buyers - 1.7/1.85
diydave - 29 Oct 2007 12:08 - 273 of 440
Anybody had a call from a well spoken Englishman claiming to be from Qonnectis (but from an International number apparently) saying that the Company was due to make an important announcement tomorrow and would I be available to be contacted then?
Nobody on ADVFN has been contacted, so its an odd sort of way of generating a short term sp spike??? Could be softening up process for a "we'll take your shares at a huge premium if you pay us a large processing fee", I suppose.
The company, of course, denies any knowledge of what is behind it.
Nobody on ADVFN has been contacted, so its an odd sort of way of generating a short term sp spike??? Could be softening up process for a "we'll take your shares at a huge premium if you pay us a large processing fee", I suppose.
The company, of course, denies any knowledge of what is behind it.
jmacroesus - 29 Oct 2007 12:29 - 274 of 440
sounds suspicious - doubt if it has anything to do with the company and would be surprised if there was an important announcement tomorrow. one of the advantages of having a nominee account is that you don't get pestered by these people.
HARRYCAT
- 29 Oct 2007 12:48
- 275 of 440
Watch out. QTI shares were being peddled by a boiler room scam not long ago. QTI had nothing to do with it & the scam seemed to fade away, but maybe it is being resurrected.
diydave - 29 Oct 2007 13:00 - 276 of 440
Looks like it harry. Not obvious how they intend it to work this time, however. Might string them along for fun. Give them enough rope they might just hang themselves!!
jmacroesus - 30 Oct 2007 09:43 - 277 of 440
1.8/2.05 with a 200k+ buyer at 2.1
soul traders
- 30 Oct 2007 13:36
- 278 of 440
Afternoon all - nice SP rise again - and I'm in profit!
QTI Bid: 1.8p Offer: 2p Change: 0.1
I certainly wouldn't expect the company itself to be involved with a scam - it would be a rather certain way for the directors to get themselves stripped of their positions, would it not? Caveat emptor, etc. :O)
QTI Bid: 1.8p Offer: 2p Change: 0.1
I certainly wouldn't expect the company itself to be involved with a scam - it would be a rather certain way for the directors to get themselves stripped of their positions, would it not? Caveat emptor, etc. :O)
diydave - 30 Oct 2007 15:09 - 279 of 440
Absolutely, soul, but I wasn't implying they were. I had contacted them to see if they were aware that it was going on as it is not good for a company to be the target of this kind of thing and they might have wanted to take some action. They said they were unaware of the issue.
We still don't know what the scam is yet, as the few of us who I know have been contacted have received no follow up. All a bit odd.
rgds
We still don't know what the scam is yet, as the few of us who I know have been contacted have received no follow up. All a bit odd.
rgds
soul traders
- 30 Oct 2007 16:16
- 280 of 440
Thanks Dave -am a bit slow off the mark today. Glad you haven't been fleeced :o)
jmacroesus - 31 Oct 2007 10:57 - 281 of 440
1.8/2.05 1,362,081 shares traded. all buys. that mops up the imbalance in yesterdays trading - should see a rise in the bid soon.
diydave - 31 Oct 2007 16:53 - 282 of 440
Had another call re 'news coming from QTI'. Turns out just to be another broker dealer (Dolphin and Bradbury, London) touting for future business and using the QTI contact as an introduction. The company has a chequered history according to a Reed Smith publication. Handle with care!!!
diydave - 02 Nov 2007 17:49 - 283 of 440
Time for a substantial average down I think soul/jmc. Just a matter of choosing the moment. I reckon we could see a bit of a retrenchment while awaiting Leakfrog Launch as the sp probably fully anticipates this being successful... and I would like to take advantage of this. If the launch falls on its face, I would obviously lose out by coming in here but on the other hand, I could easily miss the boat too!
Any views?
rgds.
Any views?
rgds.
jmacroesus - 02 Nov 2007 19:00 - 284 of 440
I'm expecting the launch to take place next week - probably not later than Wednesday - and doubt if there'll be much change in the sp beforehand. As we don't yet know what additional information the launch will provide I don't really think the present sp can anticipate it. My guess is that the least likely post-launch outcome will be that the price will stay at the present 1.75/2.0 level - it will either break through the 2p level or fall back. At this stage I'm inclined to be optimistic.
diydave - 04 Nov 2007 17:26 - 285 of 440
Just so, jm. I'm just looking for the straw to break the back of my pessimism!
Thanks for your views.
Thanks for your views.
HARRYCAT
- 06 Nov 2007 09:18
- 286 of 440
For the first time in absolutely ages the bid offer spread looks like it is going to be above 2p!!! It's been a long wait.
diydave - 06 Nov 2007 18:03 - 287 of 440
Hope you're wrong there Harry. A spread of over 2p with the offer at 2.1p means you'll have to pay somebody to take them off you!!! My losses on this share are already sufficient. Negative equity on these is something I could definitely do without!
HARRYCAT
- 06 Nov 2007 21:17
- 288 of 440
Badly phrased on my part! I was hoping for both the bid & the offer to be over 2p.
diydave - 07 Nov 2007 15:56 - 289 of 440
Guessed as much... but couldn't resist the dig!!
Looks like my pessimism is going to pay off on my average down!
Looks like my pessimism is going to pay off on my average down!
diydave - 07 Nov 2007 16:46 - 290 of 440
Hold on tight everybody, I've just quintupled my holding which will well and truly spook the sp!
Toya
- 07 Nov 2007 16:57
- 291 of 440
It has spooked it - it's gone down! And I was in profit earlier...
jmacroesus - 09 Nov 2007 08:24 - 292 of 440
Copied from another board in response to a question about the timing of the launch:
"Please accept my apologies for the delay in replying to your email. There are a number of acitivies being planned, and a sequence of events ahead of the launch itself which we need to complete. However, please note that Leakfrog is primarily targeted at UK water companies, and so our sales and marketing efforts will be predominantly in the trade in terms of PR and trade events. There will of course be a stockmarket announcement when the event takes place.
With best wishes,
Mike
"Please accept my apologies for the delay in replying to your email. There are a number of acitivies being planned, and a sequence of events ahead of the launch itself which we need to complete. However, please note that Leakfrog is primarily targeted at UK water companies, and so our sales and marketing efforts will be predominantly in the trade in terms of PR and trade events. There will of course be a stockmarket announcement when the event takes place.
With best wishes,
Mike
Toya
- 09 Nov 2007 08:27
- 293 of 440
Thanks for that info Jmacroesus.
jmacroesus - 15 Nov 2007 09:55 - 294 of 440
1.75/2.05
A recent response to an enquiry about the launch copied from another board:
Many thanks for your email. We are progressing the launch timetable with
Thames - there are a number of things that need to be carried out before
launch and so there is a little delay although the plans are progressing very
well. This is of course an industrial product so our marketing
activities will be targeted at the water industry trade rather than the
general ."
Best regards,
Mike
Michael Tapia
Chief Executive
Qonnectis plc
A recent response to an enquiry about the launch copied from another board:
Many thanks for your email. We are progressing the launch timetable with
Thames - there are a number of things that need to be carried out before
launch and so there is a little delay although the plans are progressing very
well. This is of course an industrial product so our marketing
activities will be targeted at the water industry trade rather than the
general ."
Best regards,
Mike
Michael Tapia
Chief Executive
Qonnectis plc
Toya
- 15 Nov 2007 10:08
- 295 of 440
Thanks Jmac. Moving up again and I'm back in profit. Should keep heading north from here (forever optimistic!).
teddybear5
- 15 Nov 2007 14:17
- 296 of 440
rumour on another board is the launch could be 5th december
soul traders
- 15 Nov 2007 15:05
- 297 of 440
QTI Bid: 1.8p Offer: 2.1p Change: 0.075
nice. Thanks, JMAC and others, for the updates.
FWIW I think that things look positive, with product launch hopefully soon and also some hopefully rather interesting financials due in the next couple of weeks.
PDYOR, etc.
nice. Thanks, JMAC and others, for the updates.
FWIW I think that things look positive, with product launch hopefully soon and also some hopefully rather interesting financials due in the next couple of weeks.
PDYOR, etc.
jmacroesus - 15 Nov 2007 15:29 - 298 of 440
The 5th December date refers to an event listed on QTI's website. I imagine they knew about that before the 'early November' idea, so suspect there will be something before that. As the finals are due soon, there will be some reference to leakfrog in that, if not sooner.
sp holding up well in spite of some significant sales today.
sp holding up well in spite of some significant sales today.
jmacroesus - 22 Nov 2007 14:15 - 299 of 440
The agenda for the December 5 meeting is as follows:
http://wifc.flowprogramme.co.uk/docs/view-doc.asp?File=WIFC_071205_Agenda.pdf
I doubt if this is the formal launch.
http://wifc.flowprogramme.co.uk/docs/view-doc.asp?File=WIFC_071205_Agenda.pdf
I doubt if this is the formal launch.
Toya
- 22 Nov 2007 14:22
- 300 of 440
No - doubt it will have anything to do with the launch. But thanks for the info - interesting meeting.
jmacroesus - 29 Nov 2007 10:14 - 301 of 440
In the Leakfrog context it is interesting the see that Ofwat is now targeting customers' supply pipe leakage (p1):
http://www.environment-agency.gov.uk/commondata/acrobat/bulletin_85_final_1882661.pdf
http://www.environment-agency.gov.uk/commondata/acrobat/bulletin_85_final_1882661.pdf
Toya
- 29 Nov 2007 11:08
- 302 of 440
Thanks Jmac - had not seen this. There seem to be some buys this morning but nothing very exciting.
jmacroesus - 29 Nov 2007 11:46 - 303 of 440
Yes, but good to see the sp holding up well in spite of the news delay - something should come out of the meeting on Wednesday (5th) if not sooner.
silvermede
- 02 Dec 2007 22:46
- 304 of 440
Tipped by RHPS this weekend :-)
jmacroesus - 02 Dec 2007 23:32 - 305 of 440
Yes, see:
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AQTI.L&it=le&action=detail&id=3814231
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AQTI.L&it=le&action=detail&id=3814231
Toya
- 03 Dec 2007 06:55
- 306 of 440
Thanks guys.
Silvermede: any chance of posting some details of what RHPS say??
Silvermede: any chance of posting some details of what RHPS say??
silvermede
- 03 Dec 2007 07:45
- 307 of 440
Buy upto 2p, Target 4p.
jmacroesus - 03 Dec 2007 08:12 - 308 of 440
Toya, try the link I posted.....
Toya
- 03 Dec 2007 08:14
- 309 of 440
I have done - many thanks jma :)
Are you keeping your eye on the sp this morning??? Up 22.39% at 2.0-2.10! Is it our lucky day or what?!
Are you keeping your eye on the sp this morning??? Up 22.39% at 2.0-2.10! Is it our lucky day or what?!
jmacroesus - 04 Dec 2007 08:25 - 310 of 440
2.1/2.4! - the next news had better be good....
soul traders
- 04 Dec 2007 15:52
- 311 of 440
Hola! JMAC, Silvermede, thanks for the RHPS tip/link. I very much like the tone of the report's conclusion - although this is the penny market and obviously anything can happen. PDYOR, etc!
Still no sign of the finals??!!
Still no sign of the finals??!!
jmacroesus - 04 Dec 2007 16:40 - 312 of 440
Some news may emerge as a result of/in advance of the Water Industry Flow Club meeting tomorrow.
jmacroesus - 05 Dec 2007 12:57 - 313 of 440
Does anybody have any comments about this section of the RHPS report?:
'...the Leakfrog. About the size of a cigarette packet, it is attached to the water meter, monitors the pattern of consumption and then displays a message if it suspects a leak and of what magnitude. This can then be read by the householder or by a representative of the water utility.'
Does this imply that you have to go to the meter to read an LCD, or equivalent? I would have thought it more likely that it can be read remotely.
'...the Leakfrog. About the size of a cigarette packet, it is attached to the water meter, monitors the pattern of consumption and then displays a message if it suspects a leak and of what magnitude. This can then be read by the householder or by a representative of the water utility.'
Does this imply that you have to go to the meter to read an LCD, or equivalent? I would have thought it more likely that it can be read remotely.
jmacroesus - 05 Dec 2007 13:26 - 314 of 440
4th on the biggest gainers list ....
teddybear5
- 05 Dec 2007 13:53
- 315 of 440
if you take a look qti website it explains the functions it transmits the findings to the company's website ie thames water's site and then thames can act on the results.ie leak repair.
jmacroesus - 05 Dec 2007 14:06 - 316 of 440
I think you're referring to the existing service aimed at industrial/commercial users - leakfrog is aimed at the domestic market - we don't have the details yet.
soul traders
- 05 Dec 2007 19:08
- 317 of 440
Turned out nice again! :o)
Toya
- 05 Dec 2007 19:48
- 318 of 440
It certainly did! :)
jmacroesus - 06 Dec 2007 17:49 - 319 of 440
The sp still quite buoyant at around the 2p level in spite of the news blackout. For how much longer I wonder......
jmacroesus - 07 Dec 2007 09:13 - 320 of 440
2/2.2 - website has been modified to allow for inclusion of leakfrog details.
Toya
- 07 Dec 2007 09:21
- 321 of 440
Thanks Jmac! Will take a look.
jmacroesus - 07 Dec 2007 14:08 - 322 of 440
It looks as if we're in for a double whammy - the leakfrog launch, probably next week, followed by the finals (Hemscott indicating the 17th for the latter, apparently). Let's hope they both wham the sp in the same +ve direction....
soul traders
- 07 Dec 2007 16:40
- 323 of 440
Great news - thanks for the updates JMAC (just as I was on the point of sending a friendly enquiry to the company, as well!).
I'm sitting here wishing I'd had the courage to increase my stake when it was 0.8p! :o(
Wishing y'all a good weekend.
ST
I'm sitting here wishing I'd had the courage to increase my stake when it was 0.8p! :o(
Wishing y'all a good weekend.
ST
HARRYCAT
- 07 Dec 2007 16:45
- 324 of 440
Don't we all soult!!! Almost in profit now.
I'm a bit surprised that the french venture never really came to anything. A bit of a poor marketing strategy, imo.
I'm a bit surprised that the french venture never really came to anything. A bit of a poor marketing strategy, imo.
soul traders
- 07 Dec 2007 18:22
- 325 of 440
Has there been news on the Compteurs Farnier scene (I assume that's what you're referring to)? Or are the French just taking their time over marketing? The other one that has slipped off the radar is the pubs rollout. That was supposed to involve 2,000 units over three years...
I am in profit :o)
I am in profit :o)
Toya
- 07 Dec 2007 18:24
- 326 of 440
Might be tempted to sell and take profits if the sp zooms up on the 17th - just in time for Xmas!
HARRYCAT
- 07 Dec 2007 22:32
- 327 of 440
Yes, that's the one, soult. Compteurs Farnier.
Although QTI seem to have some decent products, they don't seem to be very dynamic in taking them to market. They need to be a bit more pro-active, imo.
Although QTI seem to have some decent products, they don't seem to be very dynamic in taking them to market. They need to be a bit more pro-active, imo.
jmacroesus - 10 Dec 2007 12:36 - 328 of 440
RNS out showing Barclays Stockbrokers now holding 11.5m+ shares on behalf of clients.
jmacroesus - 17 Dec 2007 13:08 - 329 of 440
Hemscott showing December for prelims and finals but the 17th only 'approx', so the news blackout continues. Under the circumstances the sp is holding up well and seems to have good support at around 2p.
teddybear5
- 17 Dec 2007 13:56
- 330 of 440
lack of news is affecting the sp but when we get news imo i think it will be good news from qti and thames water must admit though am dissapointed about not hearing when leakfrog is to be launched because imo that is when qti could take off all the rumours suggested the launch would be in november they do seem to be holding back the information from pi's not a very informative company qti?
jmacroesus - 19 Dec 2007 09:47 - 331 of 440
There's a posting on iii suggesting Thames about to offer Leakfrogs to metered customers....
Toya
- 19 Dec 2007 09:58
- 332 of 440
Let's hope they're right - could be the Xmas present we're waiting for!
jmacroesus - 19 Dec 2007 10:24 - 333 of 440
They're going to have to say something about the results to end June soon, even if its only goodbye!
jmacroesus - 19 Dec 2007 17:17 - 334 of 440
Interesting item posted on iii from recently published Thames Water document:
'Case study: Automated meter reading
Our trial of automated meter reading has allowed us to record water meter data at 15-minute intervals for 1,500 properties in parts of north London. Recording was achieved through a fixed radio network and ‘walk-by’ radio collection. This ‘smart metering’ has revealed major advantages which will ultimately enable us to:
• Develop the capability to display data on a unit in the customer’s house or on a website, so customers can see their own water use and adapt their behaviour accordingly.
• Identify continuous usage, helping to pinpoint where customer-side or distribution system leakage may exist.
• Better understand water use – for example, if customers run dishwashers at night without a smart meter, it risks being counted as leakage.
• Monitor the impacts of water efficiency advice and practice.
• Provide more accurate billing forecasts during times of variable demand, such as hot weather.'
'Case study: Automated meter reading
Our trial of automated meter reading has allowed us to record water meter data at 15-minute intervals for 1,500 properties in parts of north London. Recording was achieved through a fixed radio network and ‘walk-by’ radio collection. This ‘smart metering’ has revealed major advantages which will ultimately enable us to:
• Develop the capability to display data on a unit in the customer’s house or on a website, so customers can see their own water use and adapt their behaviour accordingly.
• Identify continuous usage, helping to pinpoint where customer-side or distribution system leakage may exist.
• Better understand water use – for example, if customers run dishwashers at night without a smart meter, it risks being counted as leakage.
• Monitor the impacts of water efficiency advice and practice.
• Provide more accurate billing forecasts during times of variable demand, such as hot weather.'
Toya
- 20 Dec 2007 07:40
- 335 of 440
Here's the RNS we've been waiting for guys:
Commercial Launch of Leakfrog - domestic water leakage monitoring device
Qonnectis plc ('Qonnectis' or 'the Company') is officially launching Leakfrog,
its innovative product for detecting and measuring domestic water leaks. This
follows Thames Water ('Thames') and Qonnectis agreeing a licence arrangement
with respect to Thames' 50% interest in the Leakfrog intellectual property
which will allow the Company to market Leakfrog nationally and internationally.
More at:
QTI - Commercial Launch of Leakfrog
Commercial Launch of Leakfrog - domestic water leakage monitoring device
Qonnectis plc ('Qonnectis' or 'the Company') is officially launching Leakfrog,
its innovative product for detecting and measuring domestic water leaks. This
follows Thames Water ('Thames') and Qonnectis agreeing a licence arrangement
with respect to Thames' 50% interest in the Leakfrog intellectual property
which will allow the Company to market Leakfrog nationally and internationally.
More at:
QTI - Commercial Launch of Leakfrog
jmacroesus - 20 Dec 2007 09:32 - 336 of 440
Good response so far - the results will be out soon and should contain more info about financial implications.
soul traders
- 20 Dec 2007 11:40
- 337 of 440
Brilliant news this morning. Am glad I've kept the faith! Those results will indeed be interesting. Frankly the thought of Leakfrog being rolled out (and the trial alone involved 1500 units - how big will this go??!!) has me watering at the mouth.
Good luck to all. Hopefully we won't need it!
ST
Good luck to all. Hopefully we won't need it!
ST
Toya
- 21 Dec 2007 07:25
- 338 of 440
Qonnectis plc
PRELIMINARY RESULTS FOR THE YEAR TO 30 JUNE 2007
Qonnectis plc ('Qonnectis' or 'the Company'; stock code: QTI), the energy and
water conservation IT services provider, announces its audited results for the
year to 30 June 2007.
Highlights:
Turnover almost trebled in comparison to 2006 levels to 304,776
Gross profit margins widened to 63.6% (2006: 29.1%)
Reported loss of 861,129 similar to 2006
Development of Leakfrog domestic leakage monitoring device in
partnership with Thames Water
New multi-utility monitoring contracts and business wins
Repeat business from a number of clients
For full RNS:
QTI Prelims to 30 June 2007
PRELIMINARY RESULTS FOR THE YEAR TO 30 JUNE 2007
Qonnectis plc ('Qonnectis' or 'the Company'; stock code: QTI), the energy and
water conservation IT services provider, announces its audited results for the
year to 30 June 2007.
Highlights:
Turnover almost trebled in comparison to 2006 levels to 304,776
Gross profit margins widened to 63.6% (2006: 29.1%)
Reported loss of 861,129 similar to 2006
Development of Leakfrog domestic leakage monitoring device in
partnership with Thames Water
New multi-utility monitoring contracts and business wins
Repeat business from a number of clients
For full RNS:
QTI Prelims to 30 June 2007
jmacroesus - 21 Dec 2007 09:28 - 339 of 440
Good to see that the market is having second thoughts about the results which are v satisfactory imo with a trebling of turnover (and a doubling of the excellent first half), maintenance of gross margin and no immediate pressure on cash.
Because of TW deal turnover in current FY should be £500k+ new/repeat iStaq sales + new leakfrog sales+other new business.
Because of TW deal turnover in current FY should be £500k+ new/repeat iStaq sales + new leakfrog sales+other new business.
jmacroesus - 21 Dec 2007 10:07 - 340 of 440
Some interesting background from the results:
'Thames Water ('Thames') represents our most significant new customer win this
year and I should like to explain the significance of this partnership. As part
of their ongoing efforts to reduce leakages via their renewal programme of the
Victorian mains system in London, Thames identified a major area of challenge
and opportunity as being how to quantify and reduce the level of leakage within
homes and private buildings. Domestic monitoring has always presented a
challenge for the utility industry - there are millions of properties and hence
the associated costs are difficult to justify from an economic standpoint.
Thames set us the challenge to develop a product that would meet their
aggressive technical and cost criteria, and I am very pleased to say that our
team have been able to deliver. Working in partnership with Thames, we have
developed Leakfrog(R), a highly functional and cost-effective leakage monitor
for the home. Leakfrog(R) allows water companies to carry out large scale
domestic leakage monitoring for the first time and we are highly optimistic that
it will be widely adopted within the water industry. The intellectual property
rights for Leakfrog are jointly owned by the two parties. Just prior to writing
this review we signed a licence agreement with Thames Water and Qonnectis can
now market Leakfrog to other UK and overseas water companies.'
'Thames Water ('Thames') represents our most significant new customer win this
year and I should like to explain the significance of this partnership. As part
of their ongoing efforts to reduce leakages via their renewal programme of the
Victorian mains system in London, Thames identified a major area of challenge
and opportunity as being how to quantify and reduce the level of leakage within
homes and private buildings. Domestic monitoring has always presented a
challenge for the utility industry - there are millions of properties and hence
the associated costs are difficult to justify from an economic standpoint.
Thames set us the challenge to develop a product that would meet their
aggressive technical and cost criteria, and I am very pleased to say that our
team have been able to deliver. Working in partnership with Thames, we have
developed Leakfrog(R), a highly functional and cost-effective leakage monitor
for the home. Leakfrog(R) allows water companies to carry out large scale
domestic leakage monitoring for the first time and we are highly optimistic that
it will be widely adopted within the water industry. The intellectual property
rights for Leakfrog are jointly owned by the two parties. Just prior to writing
this review we signed a licence agreement with Thames Water and Qonnectis can
now market Leakfrog to other UK and overseas water companies.'
soul traders
- 21 Dec 2007 11:43
- 341 of 440
Looks good for the future, albeit slightly slow progress still. One still has to wonder how far we are from breakeven. However, the picture overall is encouraging, and I include that fact that institutions have begun to pay attention.
Look out for possible fundraisings - i.e. dilutions through share placings.
I might buy some more on dips in the SP.
PDYOR, etc.
ST
Look out for possible fundraisings - i.e. dilutions through share placings.
I might buy some more on dips in the SP.
PDYOR, etc.
ST
soul traders
- 21 Dec 2007 11:57
- 342 of 440
New charts added to header.
jmacroesus - 21 Dec 2007 13:11 - 343 of 440
ST, as long as they can control costs and maintain margins I reckon they could break even with turnover between 1.5 and 2m. Clearly the development costs for Leakfrog have resulted in a bigger loss in FY07 than would have otherwise have obtained but this could pay back in spades in the next couple of years. Its seems quite possible that turnover in the current financial year could reach 1m (they've just trebled FY06 turnover when a lot of effort must have gone into the leakfrog development.) So on that basis they could be heading for profitability in FY09.
jmacroesus - 28 Dec 2007 10:00 - 344 of 440
From Channel 4 website
Source: PA News
Boffins at a leading water company have invented a new device aimed at reducing the millions of litres of water lost through leaking pipes by up to a quarter.
Thames Water said the invention, called Leakfrog, will boost its programme of cutting leakages, which account for around 25% of all water lost in its supply area.
The device is attached to a water meter overnight and will show if any water is being lost.
John Halsall, Thames Water's director of water services, said: "We are making great progress on tackling leakage, but it's still our biggest priority.
"While huge savings are being made through our Victorian mains replacement programme across London, up to a quarter of all leakage - around 170 million litres a day - is actually from pipe work belonging to customers.
"Until now, this water loss has been extremely difficult to pinpoint and account for. Now, with Leakfrog we can get a better idea of how much water is leaking from the customer's side.
"Leaks are not only an unnecessary waste of water, but left undetected can add hundreds of pounds to bills and cause damage to the property.
"Often customers are unaware if they have leaking pipes. Leakfrog will help identify them, but we would also advise any customers who have seen bills rise by unusually high amounts to contact our customer centre or a qualified plumber."
Nic Clay-Michael, special projects manager at Thames Water, and one of the inventors, said: "The devices have been specially designed so that they can be easily fitted, in large numbers, to our meters, and they tell us if a leak is present, something our previous methods haven't been able to do on such a large scale."
Source: PA News
Boffins at a leading water company have invented a new device aimed at reducing the millions of litres of water lost through leaking pipes by up to a quarter.
Thames Water said the invention, called Leakfrog, will boost its programme of cutting leakages, which account for around 25% of all water lost in its supply area.
The device is attached to a water meter overnight and will show if any water is being lost.
John Halsall, Thames Water's director of water services, said: "We are making great progress on tackling leakage, but it's still our biggest priority.
"While huge savings are being made through our Victorian mains replacement programme across London, up to a quarter of all leakage - around 170 million litres a day - is actually from pipe work belonging to customers.
"Until now, this water loss has been extremely difficult to pinpoint and account for. Now, with Leakfrog we can get a better idea of how much water is leaking from the customer's side.
"Leaks are not only an unnecessary waste of water, but left undetected can add hundreds of pounds to bills and cause damage to the property.
"Often customers are unaware if they have leaking pipes. Leakfrog will help identify them, but we would also advise any customers who have seen bills rise by unusually high amounts to contact our customer centre or a qualified plumber."
Nic Clay-Michael, special projects manager at Thames Water, and one of the inventors, said: "The devices have been specially designed so that they can be easily fitted, in large numbers, to our meters, and they tell us if a leak is present, something our previous methods haven't been able to do on such a large scale."
oilyrag
- 31 Dec 2007 08:37
- 345 of 440
I like the look of what I see here. Had a small dabble this morning, only 25000 shares but i've put my toe in the water, so to speak.
Toya
- 31 Dec 2007 09:16
- 346 of 440
Jmac: thanks for that info. Oily: I'm sure you won't drown so long as you're prepared to keep paddling for a while.
jmacroesus - 31 Dec 2007 09:23 - 347 of 440
There's a photo in this item:
http://www.guardian.co.uk/business/2007/dec/28/leakfrog
http://www.guardian.co.uk/business/2007/dec/28/leakfrog
oilyrag
- 04 Jan 2008 08:56
- 348 of 440
Going like a train at the mo.
Toya
- 04 Jan 2008 09:06
- 349 of 440
You're right - quite a spike earlier on today.
Incidentally: AGM on 29 January.
Incidentally: AGM on 29 January.
jmacroesus - 04 Jan 2008 09:53 - 350 of 440
Understand they've been tipped in shares mag.
Toya
- 04 Jan 2008 10:14
- 351 of 440
Jmac: thanks for finding a pic of our little Frog-to-be-turned-into-a-Prince!
soul traders
- 04 Jan 2008 12:44
- 352 of 440
Yep - fan-blooming-tastic at the moment: QTI Bid: 2.7p Offer: 2.95p Change: 0.3.
Welcome aboard, Oilyrag.
Welcome aboard, Oilyrag.
oilivergas - 10 Jan 2008 10:16 - 353 of 440
http://www.guardian.co.uk/business/2007/dec/28/leakfrog
This kind of stunt upsets me. I have sold up.
Leakfrog is the brainchild of four Thames Water boffins and was developed for production in partnership with the Aim-listed company Qonnectis, which specialises in energy and water conservation technology.
and yet the only customers QTI have are Thames.
This kind of stunt upsets me. I have sold up.
Leakfrog is the brainchild of four Thames Water boffins and was developed for production in partnership with the Aim-listed company Qonnectis, which specialises in energy and water conservation technology.
and yet the only customers QTI have are Thames.
silvermede
- 10 Jan 2008 10:36
- 354 of 440
oilivergas: why not contact the company and confirm the newspaper report to ascertain the situation, before selling out.
www.qonnectis.com
.
For further information, please contact:
Qonnectis plc 01932 788299
Michael Tapia, Chief Executive
Richard M. Taylor, Chairman
www.qonnectis.com
.
For further information, please contact:
Qonnectis plc 01932 788299
Michael Tapia, Chief Executive
Richard M. Taylor, Chairman
kimoldfield
- 10 Jan 2008 10:42
- 355 of 440
Oilivergas, you have been somewhat premature in selling I fear,Qonnectis is officially launching Leakfrog following Thames Water and Qonnectis agreeing a licence arrangement with respect to Thames Water's 50% interest in the Leakfrog intellectual property, which will allow the Company to market Leakfrog nationally and internationally.
Commenting on the launch of Leakfrog, Michael Tapia, Qonnectis' Chief Executive, said:
"Having undergone extensive tests and now volume adoption by Thames Water, Leakfrog is proven in the field. We are now looking to target all the other UK water companies, as well as overseas companies, with the aim of large volume throughout the water industry. Water is the world's most precious natural resource and its supply is increasingly under threat. As the need for water conservation becomes increasingly recognised we expect Leakfrog to have a major beneficial effect on water supply efficiency and Qonnectis' sales."
HARRYCAT
- 10 Jan 2008 11:39
- 356 of 440
Lets hope they have got their patents firmly in place (far eastern copies will not take long to emerge) & also that they don't hang about in getting this marketed to other water companies.
I still hold this stock, but history shows that QTI are not the best at being pro-active with their products. A dynamic sales director would pay dividends, imo.
I still hold this stock, but history shows that QTI are not the best at being pro-active with their products. A dynamic sales director would pay dividends, imo.
soul traders
- 10 Jan 2008 12:24
- 357 of 440
Morning all! Having followed the company all this time, I am not sure I understand Oilivergas's panic. After all, the official product launch has only just taken place.
Personally, I'm enjoying the ride!
Personally, I'm enjoying the ride!
Toya
- 10 Jan 2008 12:50
- 358 of 440
Must admit I was mystified by Oilvergas' comment re "this kind of stunt". I'm in profit on this one and will continue to hold as I think there's plenty of opportunity for the sp to rise.
jmacroesus - 10 Jan 2008 13:22 - 359 of 440
Agree, I'm mystified too.
Interesting reply from M Tapia on iii. Followed speculation that Thames at present only installing Leakfrog on a temporary basis (which seems to be the case):
'Many thanks for your email. Leakfrog can be used either on a permanent
basis for always-on leakage monitoring or on a survey basis
temporarily. Typically we would expect a mixture with a move by water
companies to permanent monitoring, perhaps after initially surveying
some of their sites and then deciding where to begin or carry out
permanent installations. Clearly pipe bursts and wastage can occur at
any time as we feel the benefits of permanent leakage monitoring are
compelling.
Neither the myMeter web service or Leakfrog is available direct to the
public through retail although we would expect or or both of them to
become so via water companies or other distributors over time. Right
now, as you will appreciate, we are very much focused on direct water
company sales and setting up distribution channels.'
Interesting reply from M Tapia on iii. Followed speculation that Thames at present only installing Leakfrog on a temporary basis (which seems to be the case):
'Many thanks for your email. Leakfrog can be used either on a permanent
basis for always-on leakage monitoring or on a survey basis
temporarily. Typically we would expect a mixture with a move by water
companies to permanent monitoring, perhaps after initially surveying
some of their sites and then deciding where to begin or carry out
permanent installations. Clearly pipe bursts and wastage can occur at
any time as we feel the benefits of permanent leakage monitoring are
compelling.
Neither the myMeter web service or Leakfrog is available direct to the
public through retail although we would expect or or both of them to
become so via water companies or other distributors over time. Right
now, as you will appreciate, we are very much focused on direct water
company sales and setting up distribution channels.'
Toya
- 10 Jan 2008 14:27
- 360 of 440
Thanks for that info Jmac
oilivergas - 10 Jan 2008 18:09 - 361 of 440
http://www.guardian.co.uk/business/2007/dec/28/leakfrog
I read and seen ramping by a company before. It is a fact Thames Water invented this product and QTI have failed to do anything with it. QTI then annouce new customer who happens to be the people who invented it.
DYOR then post who another customer is, good luck
I read and seen ramping by a company before. It is a fact Thames Water invented this product and QTI have failed to do anything with it. QTI then annouce new customer who happens to be the people who invented it.
DYOR then post who another customer is, good luck
oilyrag
- 11 Jan 2008 08:45
- 362 of 440
I would hazard a guess that 95% of inventions in production are by companies that had nothing to do with the development of that product. This isn't based on research or fact but purely a guess. So I don't exactly see your point, unless you are intentionally trying to undermime investor confidence and de-ramp this company. Four boffins as you put it could hardly produce their invention in a garage, as well as continue in employment to pay the bills, without help from somewhere, in this case it happens to be QTI.
jmacroesus - 11 Jan 2008 09:58 - 363 of 440
QTI would hardly have a 50% interest in the device and have national and international marketing rights if they didn't play a very significant role in the development. Thames has so far bought several batches from them (the last amounting 200k) so QTI are clearly responsible for getting them produced. They also probably played a significant part in the technical design.
kimoldfield
- 11 Jan 2008 10:05
- 364 of 440
Perhaps we should give Oilivergas the benefit of the doubt in that maybe he is not trying to de-ramp, but simply has not grasped the point that, until now, because of contractual constraints QTI have not been able to market Leakfrog to anyone but Thames Water!
soul traders
- 18 Jan 2008 16:30
- 365 of 440
Oilivergas, all,
I quote from the article to which Oilivergas has kindly provided links:
"Leakfrog is the brainchild of four Thames Water boffins and was developed for production in partnership with the Aim-listed company Qonnectis, which specialises in energy and water conservation technology."
I am quite sure that there is no cover-up, nothing sinister, no claims of QTI having invented something they didn't. QTI has helped to develop the product! Those of us who have been following this company for years are quite satisfied with the information which QTI has been releasing about Leakfrog over the past however many months. I would suggest that usually the information released direct from the horse's mouth is to be preferred to that which is reported at second hand in a newspaper, but that's just my opinion.
In any case, how could QTI be ramping if they are in fact selling their product, regardless of whom they are selling it to? Even if Thames Water owned the entire intellectual property in Leakfrog (and I am not sure that they do), QTI could still manufacture it under license and sell it at a profit, to the "inventors" as well as to third parties. Other customers will follow, but the evaluation of these things takes time.
Hope this heps.
ST
I quote from the article to which Oilivergas has kindly provided links:
"Leakfrog is the brainchild of four Thames Water boffins and was developed for production in partnership with the Aim-listed company Qonnectis, which specialises in energy and water conservation technology."
I am quite sure that there is no cover-up, nothing sinister, no claims of QTI having invented something they didn't. QTI has helped to develop the product! Those of us who have been following this company for years are quite satisfied with the information which QTI has been releasing about Leakfrog over the past however many months. I would suggest that usually the information released direct from the horse's mouth is to be preferred to that which is reported at second hand in a newspaper, but that's just my opinion.
In any case, how could QTI be ramping if they are in fact selling their product, regardless of whom they are selling it to? Even if Thames Water owned the entire intellectual property in Leakfrog (and I am not sure that they do), QTI could still manufacture it under license and sell it at a profit, to the "inventors" as well as to third parties. Other customers will follow, but the evaluation of these things takes time.
Hope this heps.
ST
diydave - 18 Jan 2008 16:57 - 366 of 440
Spot on. Soul. Well put.
jmacroesus - 29 Jan 2008 15:26 - 367 of 440
From today's AGM statement:
'Leakfrog has been extremely well received by the water industry since its
launch and negotiations are taking place with several UK water companies and
overseas distributors. In the first half of this financial year, we have also
seen continued sales of Qonnectis' smart metering products to existing customers
such as Scottish Water, and also to new customers such as further NHS trusts
(eg. Hammersmith) and Rangers Football Club. Sales in this period were
significantly ahead of the same period last year.
'Leakfrog has been extremely well received by the water industry since its
launch and negotiations are taking place with several UK water companies and
overseas distributors. In the first half of this financial year, we have also
seen continued sales of Qonnectis' smart metering products to existing customers
such as Scottish Water, and also to new customers such as further NHS trusts
(eg. Hammersmith) and Rangers Football Club. Sales in this period were
significantly ahead of the same period last year.
oilyrag
- 29 Jan 2008 18:01
- 368 of 440
RNS released 14:45 and sp shot up 22% since then. Hoping for a continuation tommorrow. Is breakout on the cards?.
jmacroesus - 30 Jan 2008 09:40 - 369 of 440
Very encouraging statement and the sp has responded accordingly but think it will take news of more Leakfrog sales to get it moving above 3.0p. Its unclear from the statement above whether sales of iStaq-based products in the first half of this FY 'were significantly ahead of the same period last year' or whether the comment applies to total sales (which we already knew - the Leakfrog sale to Thames alone was worth more than the sales for H1 of FY07).
soul traders
- 30 Jan 2008 17:37
- 370 of 440
Good comments, guys - thanks for the posts.
I just had a quick click on new customer, Larsen Water Management.
http://www.larsenwm.com/about-us-page.html
SERVICES
Contract Leak Detection
Water Auditing
Fire, Flow & Pressure Testing
Data Logger Field-Tests
Fuel & Chemical Pipe Leak Detection
Pipe Tracing
Leakage Monitoring
Installation, Commissioning & Servicing (Confined Spaces certified)
SALE & HIRE
We are suppliers of specialist equipment all of which are for sale/hire
Data Loggers
Leak Detection Equipment
Pressure Reducing Valves
Training
It looks as if it could be a good source of business for QTI, as it is a seller of leak-monitoring equipment, etc., etc., and so should be placing repeat orders if it's impressed with the products.
WDIK, PDYOR, etc.
I just had a quick click on new customer, Larsen Water Management.
http://www.larsenwm.com/about-us-page.html
SERVICES
Contract Leak Detection
Water Auditing
Fire, Flow & Pressure Testing
Data Logger Field-Tests
Fuel & Chemical Pipe Leak Detection
Pipe Tracing
Leakage Monitoring
Installation, Commissioning & Servicing (Confined Spaces certified)
SALE & HIRE
We are suppliers of specialist equipment all of which are for sale/hire
Data Loggers
Leak Detection Equipment
Pressure Reducing Valves
Training
It looks as if it could be a good source of business for QTI, as it is a seller of leak-monitoring equipment, etc., etc., and so should be placing repeat orders if it's impressed with the products.
WDIK, PDYOR, etc.
Toya
- 30 Jan 2008 20:04
- 371 of 440
I attended the AGM yesterday but was then seduced away for the evening so unable to log in again till tonight.
Very positive mood and clearly big opportunities for sales to all the water companies as well as direct sales to the end-user (e.g. businesses, NHS Trusts, football clubs).
It was great to see Leakfrog in the flesh its a neat gadget that clips directly onto a water meter. Enquiries are coming in from above-mentioned types of customers, both in the UK and from the Continent and even as far afield as Australia. QTI has three in-house sales staff who are responsible for developing partnerships and sales channels so the company is not risking big overheads in an increased sales force of their own. The move to smarter (but cost-effective) offices means that they now have suitable premises where high-level sales negotiations can be conducted. QTI will be attending relevant exhibitions, e.g. Ireland next month, UK in May, and EU later in the year.
Government moves to encourage utility monitoring will (in my view) only increase, and I am confident that QTI have a ready-made market for their products. The sp may dodge about a bit but its worth a long-term hold I reckon and thats coming from someone who can be a bit impatient at times!
Very positive mood and clearly big opportunities for sales to all the water companies as well as direct sales to the end-user (e.g. businesses, NHS Trusts, football clubs).
It was great to see Leakfrog in the flesh its a neat gadget that clips directly onto a water meter. Enquiries are coming in from above-mentioned types of customers, both in the UK and from the Continent and even as far afield as Australia. QTI has three in-house sales staff who are responsible for developing partnerships and sales channels so the company is not risking big overheads in an increased sales force of their own. The move to smarter (but cost-effective) offices means that they now have suitable premises where high-level sales negotiations can be conducted. QTI will be attending relevant exhibitions, e.g. Ireland next month, UK in May, and EU later in the year.
Government moves to encourage utility monitoring will (in my view) only increase, and I am confident that QTI have a ready-made market for their products. The sp may dodge about a bit but its worth a long-term hold I reckon and thats coming from someone who can be a bit impatient at times!
oilyrag
- 31 Jan 2008 07:34
- 372 of 440
Never mind QTI Toya, tell us more about your seduction last night. Only joking haha.
Toya
- 31 Jan 2008 07:52
- 373 of 440
Morning Oily!
oilyrag
- 31 Jan 2008 08:07
- 374 of 440
Morning.
jmacroesus - 31 Jan 2008 08:51 - 375 of 440
Thanks Toya - was anything said at the AGM that would clarify the above point (369) about H1 turnover and was there any indication of when they expect to break even?
Toya
- 31 Jan 2008 09:42
- 376 of 440
Jmac: no distinction was made between turnover from Leakfrog vs iStaq but the latter continues to sell and we know that the first order for Leakfrog was worth 200k so anything else in H1 would be attributable to iStaq. Not sure about break even point - thought they'd made a 2k profit in H1 following the 200k order, but may have got that wrong.
cynic
- 31 Jan 2008 11:09
- 377 of 440
i dare say Toya was taking the CEO's inside leg measurement to inveigle her way to some hard fact
halifax - 31 Jan 2008 11:23 - 378 of 440
Does anybody know the price per unit for leakfrog in order to estimate sales potential? How many did Thames get for 200k?
jmacroesus - 31 Jan 2008 11:49 - 379 of 440
Armshare includes a report on a meeting with MT on 15/1 which says that QTI maintains a 60% gross margin on Leakfrog if they sell it at 100. IF that is what Thames paid then they bought about 2000 units.
Even if QTI made a gross profit on those of 120k it's still difficult to see how they could have broken even in H1 without a big increase in sales of iStaq and a substantial reduction in fixed costs.
Even if QTI made a gross profit on those of 120k it's still difficult to see how they could have broken even in H1 without a big increase in sales of iStaq and a substantial reduction in fixed costs.
soul traders
- 31 Jan 2008 13:21
- 380 of 440
Morning all. Good points, everybody, and thanks to Toya for reporting from the AGM!
JMAC, you are quite right about the break-even. If QTI can make 60% gross margin across the board and all the other figures remain in-line, they'll need to do around 1.85 million turnover to break even. I have long maintained that the 2 million mark is what they'll need to hit to be profitable - the good news is that margins seem to be strong and this therefore seems to be attainable.
PDYOR, etc.
JMAC, you are quite right about the break-even. If QTI can make 60% gross margin across the board and all the other figures remain in-line, they'll need to do around 1.85 million turnover to break even. I have long maintained that the 2 million mark is what they'll need to hit to be profitable - the good news is that margins seem to be strong and this therefore seems to be attainable.
PDYOR, etc.
cynic
- 31 Jan 2008 13:36
- 381 of 440
but Toya has still not divulged to the panting mob exactly what she gleaned from the CEO's inside leg
jmacroesus - 31 Jan 2008 13:40 - 382 of 440
RNS out indicating Barclays Stockbrokers increased it's holding to more than 6%
Toya
- 31 Jan 2008 15:15
- 383 of 440
Cynic and co: sorry, I got distracted by the chatter at the meeting and clearly didn't focus on asking the right questions, nor making notes on the minutiae of figures and measurements!
Guess I'm not too concerned since Thames Water Authority, alone, have millions of customers - and that's just one of many Water Authorities. I'm confident that the company is following up plenty of sales leads and that they have sufficient experience to turn these into revenue during this year.
Got to get back to keeping an eye on RIO and XTA as I cashed in profits this morning and bought back in again later.
Guess I'm not too concerned since Thames Water Authority, alone, have millions of customers - and that's just one of many Water Authorities. I'm confident that the company is following up plenty of sales leads and that they have sufficient experience to turn these into revenue during this year.
Got to get back to keeping an eye on RIO and XTA as I cashed in profits this morning and bought back in again later.
jmacroesus - 31 Jan 2008 16:59 - 384 of 440
I see QTI's stand is near the food and drinks - they've clearly got the right priorities....
http://www.esta.org.uk/esta/uploads/ESTA%20aM&T%202008%20exhibition%20layout%20v2F.ppt
http://www.esta.org.uk/esta/uploads/ESTA%20aM&T%202008%20exhibition%20layout%20v2F.ppt
Toya
- 31 Jan 2008 19:15
- 385 of 440
Good - best place to be if you want to make sure everyone can find your stand!
jmacroesus - 01 Feb 2008 17:21 - 386 of 440
1st February 2008
Qonnectis plc
(AIM: QTI)
Issue of Equity
Qonnectis plc ('the Company'), the energy and environmental data monitoring
service provider for utilities and major commercial users of energy and water,
announces it has agreed that the principal amount of the loan stock, all
interest outstanding thereon and any other obligations of the Company pursuant
to the loan facility, loan note instrument and debenture dated 28 August 2007
between the Company and Security Change Limited (the 'Loan Facility') shall be
satisfied by the allotment to Security Change Limited (or to whom they direct)
of 25,000,000 ordinary shares of 1p each ('Conversion Shares').
The parties have agreed that the conversion price be 1p per share, which
represents a premium to the closing market price the day before the Loan
Facility was announced on 29 August 2007.
Application has been made to The London Stock Exchange for the Conversion
Shares, which will rank pari passu with the existing shares in issue, to be
admitted to AIM, and admission is expected to become effective on 7 February
2008.
Following this notification, the total number of shares in issue stands at
243,608,023.
Qonnectis plc
(AIM: QTI)
Issue of Equity
Qonnectis plc ('the Company'), the energy and environmental data monitoring
service provider for utilities and major commercial users of energy and water,
announces it has agreed that the principal amount of the loan stock, all
interest outstanding thereon and any other obligations of the Company pursuant
to the loan facility, loan note instrument and debenture dated 28 August 2007
between the Company and Security Change Limited (the 'Loan Facility') shall be
satisfied by the allotment to Security Change Limited (or to whom they direct)
of 25,000,000 ordinary shares of 1p each ('Conversion Shares').
The parties have agreed that the conversion price be 1p per share, which
represents a premium to the closing market price the day before the Loan
Facility was announced on 29 August 2007.
Application has been made to The London Stock Exchange for the Conversion
Shares, which will rank pari passu with the existing shares in issue, to be
admitted to AIM, and admission is expected to become effective on 7 February
2008.
Following this notification, the total number of shares in issue stands at
243,608,023.
halifax - 01 Feb 2008 17:30 - 387 of 440
Dont know who Security Change Ltd are but they appear to have done rather well out of the 250,000 loan they extended to QTI last August (like 100%). Not so good for sharehoders as their hodings diluted by 10%.
jmacroesus - 01 Feb 2008 17:59 - 388 of 440
Yes, but seems to have been factored into the current sp.
halifax - 01 Feb 2008 18:24 - 389 of 440
Perhaps but now shareholders own 10% less of the company and no doubt Security Change Ltd will be looking to off load their 25 million shares.
jmacroesus - 04 Feb 2008 12:13 - 390 of 440
A lot depends on how many shares they dispose of, how they do it and in what time frame but on the face of it a 10% dilution (which has been more or less expected for months) shouldn't have much effect on the sp in the medium term.
explosive
- 05 Feb 2008 18:37
- 391 of 440
Took a small holding here today, things looking up for this baby boomer...
Toya
- 20 Feb 2008 07:43
- 392 of 440
RNS today re: Memorandum of Understanding
The Board of Qonnectis plc ('the Company'), the data monitoring service provider
for utilities and major commercial users of energy and water, is pleased to
announce that it has signed a memorandum of understanding to enter into a
distribution agreement for its new Leakfrog product with Halma Water Management
('HWM'), the sales distribution arm of Palmer Environmental Ltd, part of Halma
plc. The definitive distribution agreement, to be signed after due process, will
enable Qonnectis and HWM to jointly market the Leakfrog domestic leakage monitor
throughout the UK and internationally.
Michael Tapia, Chief Executive of Qonnectis, commented: 'HWM is internationally recognised as a leading supplier of water infrastructure and leakage products. The agreement will enable both parties to quickly take Leakfrog to a very wide global market.'
Halma Water Management is a successful sales and sales support organisation
servicing the water industry. HWM has dedicated sales teams throughout the UK
and 35 international distributors servicing more than 50 countries worldwide.
Today Qonnectis is presenting its Leakfrog product to over 100 of HWM's
customers and distributors at its annual conference held at Wembley Stadium
Conference Centre.
Mike Tennant, Business Development and Marketing Director of Palmer
Environmental/HWM, said: 'We are very excited about the potential for Leakfrog with our customer base and look forward to a strong partnership with Qonnectis'.
The Board of Qonnectis plc ('the Company'), the data monitoring service provider
for utilities and major commercial users of energy and water, is pleased to
announce that it has signed a memorandum of understanding to enter into a
distribution agreement for its new Leakfrog product with Halma Water Management
('HWM'), the sales distribution arm of Palmer Environmental Ltd, part of Halma
plc. The definitive distribution agreement, to be signed after due process, will
enable Qonnectis and HWM to jointly market the Leakfrog domestic leakage monitor
throughout the UK and internationally.
Michael Tapia, Chief Executive of Qonnectis, commented: 'HWM is internationally recognised as a leading supplier of water infrastructure and leakage products. The agreement will enable both parties to quickly take Leakfrog to a very wide global market.'
Halma Water Management is a successful sales and sales support organisation
servicing the water industry. HWM has dedicated sales teams throughout the UK
and 35 international distributors servicing more than 50 countries worldwide.
Today Qonnectis is presenting its Leakfrog product to over 100 of HWM's
customers and distributors at its annual conference held at Wembley Stadium
Conference Centre.
Mike Tennant, Business Development and Marketing Director of Palmer
Environmental/HWM, said: 'We are very excited about the potential for Leakfrog with our customer base and look forward to a strong partnership with Qonnectis'.
oilyrag
- 20 Feb 2008 07:46
- 393 of 440
Lets hope for a positive responce from the markets.
oilyrag
- 20 Feb 2008 07:47
- 394 of 440
Wow they just doubled the mark up, that was quick.
Toya
- 20 Feb 2008 07:56
- 395 of 440
Today's MOU confirms that QTI can do deals with the right companies and I feel they are worth a long-term hold so am not too concerned what happens on the day (unlike some shares that I like to trade). But any upward movement is always welcome!
oilyrag
- 20 Feb 2008 10:03
- 396 of 440
Not many opportunities left for topping up, I hope.
jmacroesus - 20 Feb 2008 10:36 - 397 of 440
The Halma agreement looks v. interesting - esp the international aspect. Wonder if there's a possibility of it being followed by a takeover. Not much evidence so far of many of the Security Change shares sloshing around - presumably there'll be an RNS whenever a significant threshold is crossed.
jmacroesus - 07 Mar 2008 15:18 - 398 of 440
The 25m Security Change shares now listed under 'J M Finn Nominees Limited' on QTI's website.
jmacroesus - 26 Mar 2008 10:06 - 399 of 440
Interims will be out before end March.
jmacroesus - 27 Mar 2008 09:20 - 400 of 440
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2007
Period of continued growth
Qonnectis plc ('the Company'), the data monitoring service provider for
utilities and major commercial users of energy and water, announces its results
for the six months ended 31 December 2007, a period of continued growth.
Highlights:
Sales increased 81% to 291,281
Gross margins maintained
Operating loss reduced to 197,168 (2007: 380,098)
Leakfrog (R) domestic monitor launched
o Major order from Thames Water
o Significant new orders post period
Michael Tapia, Chief Executive of Qonnectis, commented:
'Repeat and new sales of the Qonnectis Smart Metering products have continued
and, since the period end, further significant progress has been made with the
Company receiving orders for Leakfrog (R) from South West Water and Three
Valleys Water.
'By applying increasing resources to both the selling and volume delivery of our
products, the Board expects continued rapid growth in the business.'
Period of continued growth
Qonnectis plc ('the Company'), the data monitoring service provider for
utilities and major commercial users of energy and water, announces its results
for the six months ended 31 December 2007, a period of continued growth.
Highlights:
Sales increased 81% to 291,281
Gross margins maintained
Operating loss reduced to 197,168 (2007: 380,098)
Leakfrog (R) domestic monitor launched
o Major order from Thames Water
o Significant new orders post period
Michael Tapia, Chief Executive of Qonnectis, commented:
'Repeat and new sales of the Qonnectis Smart Metering products have continued
and, since the period end, further significant progress has been made with the
Company receiving orders for Leakfrog (R) from South West Water and Three
Valleys Water.
'By applying increasing resources to both the selling and volume delivery of our
products, the Board expects continued rapid growth in the business.'
HARRYCAT
- 27 Mar 2008 10:06
- 401 of 440
"continued rapid growth in the business.".............That has got to be stretching the truth a little bit & the share price certainly doesn't reflect that. Hopefully rapid growth to come soon, imo.
jmacroesus - 27 Mar 2008 10:58 - 402 of 440
An 81% increase in sales, maintained gross margin and a significant move towards profitability all look pretty good to me.
oilyrag
- 23 Apr 2008 08:11
- 403 of 440
Get your buying boots on, anything sub 1p, is a bargain.
HARRYCAT
- 23 Apr 2008 08:33
- 404 of 440
"LONDON (Thomson Financial) - Qonnectis ran back 19 percent -- or 0.30 of a penny to 1.25 -- after the data monitoring service provider for utilities and users of energy and water raised 1.25 million pounds via a placing at 1 penny a share with certain institutional and other investors.
The board has also granted FinnCap, which arranged the placing, an option to subscribe around 2 percent of the enlarged equity. Qonnectis will also issue a further 25 million shares to Security Change as final settlement of the company's obligations under a convertible loan."
The board has also granted FinnCap, which arranged the placing, an option to subscribe around 2 percent of the enlarged equity. Qonnectis will also issue a further 25 million shares to Security Change as final settlement of the company's obligations under a convertible loan."
halifax - 23 Apr 2008 09:42 - 405 of 440
Looks like cashflow problems... heavy dilution.
Toya
- 23 Apr 2008 18:22
- 406 of 440
Not a good day for this one today! And it wasn't long ago I was in profit... Won't stand and wait to cash in next time - if and when that is.
jmacroesus - 24 Apr 2008 09:37 - 407 of 440
Sold enough of these at 2.7+ to reduce my average to well below the present sp. I was expecting more cash raising at some stage but the amount raised/dilution was a bit of a surprise - let's hope this will be enough to see them through to breakeven, which I reckon will happen next year.
HARRYCAT
- 13 Aug 2008 15:20
- 408 of 440
This company has gone very quiet! Seems that the 'continued rapid growth' has come to nought. In fact inflation is going up faster than this shareprice. Must be contender for the best underperformer of the year.
Toya
- 13 Aug 2008 20:54
- 409 of 440
Yes - dire! I did get out some time ago; thoroughly disillusioned and have since been a lot more careful of the 'minnows', taking heed of Cynic's and others' advice here.
jmacroesus - 15 Sep 2008 13:41 - 410 of 440
Trading Update
Following the year end at 30th June 2008 the Board of Qonnectis is pleased to provide shareholders with an update of progress in the period.
The Company has maintained its track record of significant revenue growth compared with previous financial years and continues to secure new customers for its developing product range. Trial quantities of Leakfrogs have been supplied to two more UK water companies and Leakfrog has also been successfully deployed, to date in relatively low volumes, on a leak management programme in Ireland. Qonnectis loggers have also been installed for multi utility monitoring within a substantial housing association.
A number of small orders have been received from Halma under the Memorandum of Understanding signed in February, however the distribution agreement has not been finalised. The Company has also been considering other distributors with a greater level of international coverage.
In April a placing raised 1.25 million and this has put the company on a sound financial footing to effectively exploit its potential in the markets in which it operates and to continue the evolution of its products.
The focus on utility conservation and increased efficiency is stronger than ever with the recent increases in utility prices. Qonnectis remains the one company which concentrates its efforts primarily on the water sector and, most importantly, has its own in house developed IP technology. It is increasingly likely that compulsory water metering will become more widespread, particularly after April 2010 and this bodes well for the Company's prospects.
The Company plans to release it preliminary announcement of the results for the year ended 30 June 2008, in mid November 2008.
Following the year end at 30th June 2008 the Board of Qonnectis is pleased to provide shareholders with an update of progress in the period.
The Company has maintained its track record of significant revenue growth compared with previous financial years and continues to secure new customers for its developing product range. Trial quantities of Leakfrogs have been supplied to two more UK water companies and Leakfrog has also been successfully deployed, to date in relatively low volumes, on a leak management programme in Ireland. Qonnectis loggers have also been installed for multi utility monitoring within a substantial housing association.
A number of small orders have been received from Halma under the Memorandum of Understanding signed in February, however the distribution agreement has not been finalised. The Company has also been considering other distributors with a greater level of international coverage.
In April a placing raised 1.25 million and this has put the company on a sound financial footing to effectively exploit its potential in the markets in which it operates and to continue the evolution of its products.
The focus on utility conservation and increased efficiency is stronger than ever with the recent increases in utility prices. Qonnectis remains the one company which concentrates its efforts primarily on the water sector and, most importantly, has its own in house developed IP technology. It is increasingly likely that compulsory water metering will become more widespread, particularly after April 2010 and this bodes well for the Company's prospects.
The Company plans to release it preliminary announcement of the results for the year ended 30 June 2008, in mid November 2008.
robertalexander
- 02 Oct 2008 13:46
- 411 of 440
what's with these today up 52% atm?
someone been tipping these?
Alex
someone been tipping these?
Alex
oilyrag
- 02 Oct 2008 13:59
- 412 of 440
It would appear that there is news on the way of renewed orders and a govt, backed incentive to drive water metering countrywide.
There are also two other utillity companies interested in leakfrog.
Could be the start of a new upside on QTI. IMHO DYOR.
There are also two other utillity companies interested in leakfrog.
Could be the start of a new upside on QTI. IMHO DYOR.
jmacroesus - 03 Oct 2008 10:05 - 413 of 440
The recent down/up price movement seems to have been caused by the forecast of a loss in the current FY of 350k+ by the cos broker followed by the addition of Leakfrog to Halma's website.
HARRYCAT
- 18 Oct 2008 19:01
- 414 of 440
"Due to the current ill health of Chief Executive Michael Tapia the Board announces that Guy Chant, currently a Non Executive Director of the Company will act as interim Chief Executive with immediate effect during this period.
Guy has had extensive experience within the European utilities industry, at both senior management and Board levels. Between 1994 and 1999 he was Managing Director of Thames Municipal Products Ltd ('TMP'). Between 2000 and 2004 he was Commercial Director of Thames Water Utilities Ltd and External Affairs Director of Thames Water plc. More recently, Guy was Executive Director at Berlinwasser Holding AG (a joint venture between Land Berlin, RWE/Thames Water ('RWE') and Veolia Environnement S.A.), the main water utility serving the city of Berlin.
The Board is pleased to announce that Barbara Spurrier has been appointed finance director with immediate effect.
Barbara is a qualified certified accountant with over 25 years experience in financial and accountancy roles. She is a founder and Director of Cambridge Equity Partners Ltd., a consultancy business focussing on corporate finance projects, where she has worked with numerous companies to develop strategic business plans and objectives. Barbara has experience in assisting companies to secure capital from institutions and private investors in order to facilitate expansion and development, and has undertaken full business reviews to identify and provide action on key issues.
As previously announced the Company expects to release its preliminary announcement of the results for the year ended 30 June 2008, in November 2008.
In accordance with Schedule Two, paragraph (g) of the AIM Rules for Companies, the following information in relation to the appointment of Barbara Spurrier to the Board is disclosed:
Full name: Barbara Joyce Spurrier
Previous names: Barbara Joyce Huxley-Parlour
Barbara Joyce Gagg
Age: 52
Barbara Spurrier currently holds or has held the following directorships and partnerships in the last five years.
Current Directorships and Partnerships
Directorships held in the last five years
Cambridge Equity Partners Ltd.
CBIOS Ltd.
Cambridge Financial Partners LLP
Cellexus Biosystems Inc.
Cellexus Biosystems Plc.
DCM Incontrol Ltd.
Fair 2 U Ltd.
Freshbourne Ltd
OxLoc Ltd.
Renewable Energy fuels Worldwide Ltd.
Rototek Ltd
SG32 Ltd
Stribbons Ltd.
TDLP Associates Ltd.
Barbara Spurrier has been a director of the following:
Cellexus Biosystems Plc which was put into administrative receivership on 3 March 2008.
Strathcarron Sports Cars plc which was put into voluntary creditors liquidation on 21 November 2001 with an estimated deficiency as regards creditors of 2,633,000.
J. A. Gagg & Sons Limited which became insolvent under receivership rule 3.32 and was dissolved on 18 November 1997"
So the new finance director has been on the board of more companies than I have had hot dinners, has been directly involved in the demise of three of them & apparently divorced twice. Is that really the best QTI can do? What a joke!
Guy has had extensive experience within the European utilities industry, at both senior management and Board levels. Between 1994 and 1999 he was Managing Director of Thames Municipal Products Ltd ('TMP'). Between 2000 and 2004 he was Commercial Director of Thames Water Utilities Ltd and External Affairs Director of Thames Water plc. More recently, Guy was Executive Director at Berlinwasser Holding AG (a joint venture between Land Berlin, RWE/Thames Water ('RWE') and Veolia Environnement S.A.), the main water utility serving the city of Berlin.
The Board is pleased to announce that Barbara Spurrier has been appointed finance director with immediate effect.
Barbara is a qualified certified accountant with over 25 years experience in financial and accountancy roles. She is a founder and Director of Cambridge Equity Partners Ltd., a consultancy business focussing on corporate finance projects, where she has worked with numerous companies to develop strategic business plans and objectives. Barbara has experience in assisting companies to secure capital from institutions and private investors in order to facilitate expansion and development, and has undertaken full business reviews to identify and provide action on key issues.
As previously announced the Company expects to release its preliminary announcement of the results for the year ended 30 June 2008, in November 2008.
In accordance with Schedule Two, paragraph (g) of the AIM Rules for Companies, the following information in relation to the appointment of Barbara Spurrier to the Board is disclosed:
Full name: Barbara Joyce Spurrier
Previous names: Barbara Joyce Huxley-Parlour
Barbara Joyce Gagg
Age: 52
Barbara Spurrier currently holds or has held the following directorships and partnerships in the last five years.
Current Directorships and Partnerships
Directorships held in the last five years
Cambridge Equity Partners Ltd.
CBIOS Ltd.
Cambridge Financial Partners LLP
Cellexus Biosystems Inc.
Cellexus Biosystems Plc.
DCM Incontrol Ltd.
Fair 2 U Ltd.
Freshbourne Ltd
OxLoc Ltd.
Renewable Energy fuels Worldwide Ltd.
Rototek Ltd
SG32 Ltd
Stribbons Ltd.
TDLP Associates Ltd.
Barbara Spurrier has been a director of the following:
Cellexus Biosystems Plc which was put into administrative receivership on 3 March 2008.
Strathcarron Sports Cars plc which was put into voluntary creditors liquidation on 21 November 2001 with an estimated deficiency as regards creditors of 2,633,000.
J. A. Gagg & Sons Limited which became insolvent under receivership rule 3.32 and was dissolved on 18 November 1997"
So the new finance director has been on the board of more companies than I have had hot dinners, has been directly involved in the demise of three of them & apparently divorced twice. Is that really the best QTI can do? What a joke!
halifax - 20 Oct 2008 13:28 - 415 of 440
She certainly seems to be familiar with "drains".
HARRYCAT
- 07 Jan 2009 16:20
- 416 of 440
Another nightmare!!!!!
"MoneyAM
Data monitoring provider, Qonnectis says that sales for the six months to 31 December 2008 were materially lower than in the corresponding period of the previous financial year.
Accordingly, results for the current financial year are likely to fall significantly below market expectations.
The share price was marked down 14% post the announcement. (Now down 35%)
Qonnectis says the the principal reason for the sales shortfall is that last year's first half figures included delivery of a major order which has not been repeated. "
"MoneyAM
Data monitoring provider, Qonnectis says that sales for the six months to 31 December 2008 were materially lower than in the corresponding period of the previous financial year.
Accordingly, results for the current financial year are likely to fall significantly below market expectations.
The share price was marked down 14% post the announcement. (Now down 35%)
Qonnectis says the the principal reason for the sales shortfall is that last year's first half figures included delivery of a major order which has not been repeated. "
kimoldfield
- 07 Jan 2009 16:59
- 417 of 440
Bloody awful!! This company should be doing well, looks like the knackers yard is beckoning though!
HARRYCAT
- 31 Mar 2009 09:35
- 418 of 440
Qonnectis plc ('the Company'), the data monitoring service provider for utilities and major commercial users of energy and water, announces its results for the six months ended 31 December 2008.
Highlights:
Leakfrog orders delayed
New product derivatives developed and ready for sale
Order book building post period
New enhancement of logger product ready for launch
Turnover 20,686 (2007: 291,281)
Operating loss 405,806 (2007: 197,168)
Loss per share 0.10p (2007: 0.10p)
Cash balance at period end: 304,532
Barbara Spurrier, Chief Executive of Qonnectis, commented:
'The 6 months to December proved very disappointing in terms of sales. However in the current period, the sales order book is being steadily re-built and the longer term prospects are promising.
'We have been implementing tight cash management and, following the enhancement of our excellent product range, we are working towards recovering our market position. As a result we are optimistic that turnover will increase in the second half of this year and continue to rise next year.
'Discussions are under way for additional finance to fund the working capital. The management is currently being restructured. As part of this Harry Offer, who joined the Board in January 2009 as a Non-Executive Director, is to become Non Executive Chairman and Richard M Taylor is to retire from this position. We would like to thank Richard for his encouragement, support and guidance to Qonnectis over the years as both a private company and as a public company."
Highlights:
Leakfrog orders delayed
New product derivatives developed and ready for sale
Order book building post period
New enhancement of logger product ready for launch
Turnover 20,686 (2007: 291,281)
Operating loss 405,806 (2007: 197,168)
Loss per share 0.10p (2007: 0.10p)
Cash balance at period end: 304,532
Barbara Spurrier, Chief Executive of Qonnectis, commented:
'The 6 months to December proved very disappointing in terms of sales. However in the current period, the sales order book is being steadily re-built and the longer term prospects are promising.
'We have been implementing tight cash management and, following the enhancement of our excellent product range, we are working towards recovering our market position. As a result we are optimistic that turnover will increase in the second half of this year and continue to rise next year.
'Discussions are under way for additional finance to fund the working capital. The management is currently being restructured. As part of this Harry Offer, who joined the Board in January 2009 as a Non-Executive Director, is to become Non Executive Chairman and Richard M Taylor is to retire from this position. We would like to thank Richard for his encouragement, support and guidance to Qonnectis over the years as both a private company and as a public company."
HARRYCAT
- 19 May 2009 16:45
- 419 of 440
"CAPITAL REDUCTION - As the Company's current share price is below its nominal value, the board has convened an Extraordinary General Meeting, to be held on 5 June 2009, to consider resolutions that would rebase the nominal value to GBP0.001 per share. Terms: Each Ordinary Share of GBP0.01 will reduce in nominal value to GBP0.001."
halifax - 19 May 2009 16:48 - 420 of 440
gurgle gurgle slowly going down Prescott's plughole!!
HARRYCAT
- 15 Jun 2009 23:06
- 421 of 440
Well, I now have 1 million shares after restructuring (my first million shareholding) and the value is approx 400! What a joke!
HARRYCAT
- 03 Jul 2009 07:26
- 422 of 440
Trading Update
The Directors of Qonnectis (AIM: QTI), the data monitoring service provider for utilities and users of energy and water, note the recent share price movement and confirm that the Company is still in discussions with a number of entities which could lead to additional funding for the Company.
However, in the absence of these funding options being secured, the directors believe the Company will have insufficient funds to continue to trade."
The Directors of Qonnectis (AIM: QTI), the data monitoring service provider for utilities and users of energy and water, note the recent share price movement and confirm that the Company is still in discussions with a number of entities which could lead to additional funding for the Company.
However, in the absence of these funding options being secured, the directors believe the Company will have insufficient funds to continue to trade."
HARRYCAT
- 14 Jul 2009 09:00
- 423 of 440
Letter of Intent Signed with Primary Water
"The Board of Qonnectis plc ('Qonnectis'), the data monitoring service provider for utilities and users of energy and water, announces that it has signed a letter of intent with Primary Water PLC ('Primary Water') under which Primary Water will be able to evaluate Qonnectis products and commence trials with a view to progressing business plans and proposals for the distribution of Qonnectis products into various territories.
It is expected that a three year distribution agreement will be signed giving Primary Water exclusivity to distribute Qonnectis products into Australia and Russia, and all other countries worldwide excluding the UK, Ireland and China on a non-exclusive basis. The distribution agreement will be subject to minimum sales volumes and will include joint funding of specific product development.
During the evaluation phase Qonnectis will receive a fee for providing the test units. All data generated by Primary Water will be shared with Qonnectis whilst the intellectual property rights remain with Qonnectis.
The agreement covers the Leak Frog, Swift, MyMeter technologies and associated products"
"The Board of Qonnectis plc ('Qonnectis'), the data monitoring service provider for utilities and users of energy and water, announces that it has signed a letter of intent with Primary Water PLC ('Primary Water') under which Primary Water will be able to evaluate Qonnectis products and commence trials with a view to progressing business plans and proposals for the distribution of Qonnectis products into various territories.
It is expected that a three year distribution agreement will be signed giving Primary Water exclusivity to distribute Qonnectis products into Australia and Russia, and all other countries worldwide excluding the UK, Ireland and China on a non-exclusive basis. The distribution agreement will be subject to minimum sales volumes and will include joint funding of specific product development.
During the evaluation phase Qonnectis will receive a fee for providing the test units. All data generated by Primary Water will be shared with Qonnectis whilst the intellectual property rights remain with Qonnectis.
The agreement covers the Leak Frog, Swift, MyMeter technologies and associated products"
halifax - 14 Jul 2009 15:25 - 424 of 440
Last throw of the dice?
HARRYCAT
- 14 Jul 2009 15:46
- 425 of 440
"and will include joint funding of specific product development."
I thought QTI were broke, so presumably they will either go to the bank or to us shareholders cap in hand again!
I thought QTI were broke, so presumably they will either go to the bank or to us shareholders cap in hand again!
HARRYCAT
- 30 Jul 2009 08:18
- 426 of 440
Suspension in trading
"Further to the announcement of 3 July 2009, the Company reports that its attempts to raise additional funding have not proved successful. Accordingly, given the very limited cash balances, the Directors have requested an immediate suspension in the trading of the Company's shares pending clarification of the Company's financial position.
A further announcement will be made in due course."
"Further to the announcement of 3 July 2009, the Company reports that its attempts to raise additional funding have not proved successful. Accordingly, given the very limited cash balances, the Directors have requested an immediate suspension in the trading of the Company's shares pending clarification of the Company's financial position.
A further announcement will be made in due course."
tescoma - 30 Jul 2009 11:14 - 427 of 440
HARRYCAT
- 31 Jul 2009 00:02
- 428 of 440
Grow up tescoma.
jkd - 31 Jul 2009 00:20 - 429 of 440
HC
truly sorry to see your 1 mil has come to this. might prove to be a phoenix, i do hope so for you,
kind regards
jkd
truly sorry to see your 1 mil has come to this. might prove to be a phoenix, i do hope so for you,
kind regards
jkd
HARRYCAT
- 31 Jul 2009 08:21
- 430 of 440
Thanks for your concern jkd, but fortunately it is only a small exposure to this dog & hopefully I can write off the debt against capital gains at the end of the tax year (I hope)!!!
HARRYCAT
- 11 Jan 2010 12:46
- 431 of 440
11.01.10
Qonnectis relisting awaits reverse takeover
Business Financial Newswire
"Suspended AIM company Qonnectis reported an operating loss of 0.29m in its second interim results for the six months to 30 June.
The company's accounting reference date changed to 31 December, resulting in an 18-month accounting period.
Total loss for the 12-month period to 30 June was 0.69m, versus the previous loss of 3.73m.
Post period-end the company, a data-monitoring service provider for utilities and major commercial users of energy and water, announced a 0.395m fund-raising in contemplation of a reverse takeover by American Leak Detection, Inc.
ALD chairman Patrick DeSouza and CEO Stanford Berenbaum were appointed as non-executive directors. AIM trading will remain suspended pending publication of an admission document in respect of the proposed acquisition.
Chairman Harry Offer said, 'After a difficult year, we are delighted to have secured sufficient funds for our immediate working capital requirements.
'We are now working extremely hard to ensure that the proposed acquisition of American Leak Detection, Inc. is completed and we look forward to working with Patrick DeSouza and Stanford Berenbaum to build the business of the enlarged group.'
Revenues from Leakfrog, which the company developed with Thames Water, continued during the period but did not increase sufficiently, leaving the company's finances stretched.
Qonnectis generated revenue of 32,245, making a total for the 12-month period of 52,931, previously 0.46m."
Qonnectis relisting awaits reverse takeover
Business Financial Newswire
"Suspended AIM company Qonnectis reported an operating loss of 0.29m in its second interim results for the six months to 30 June.
The company's accounting reference date changed to 31 December, resulting in an 18-month accounting period.
Total loss for the 12-month period to 30 June was 0.69m, versus the previous loss of 3.73m.
Post period-end the company, a data-monitoring service provider for utilities and major commercial users of energy and water, announced a 0.395m fund-raising in contemplation of a reverse takeover by American Leak Detection, Inc.
ALD chairman Patrick DeSouza and CEO Stanford Berenbaum were appointed as non-executive directors. AIM trading will remain suspended pending publication of an admission document in respect of the proposed acquisition.
Chairman Harry Offer said, 'After a difficult year, we are delighted to have secured sufficient funds for our immediate working capital requirements.
'We are now working extremely hard to ensure that the proposed acquisition of American Leak Detection, Inc. is completed and we look forward to working with Patrick DeSouza and Stanford Berenbaum to build the business of the enlarged group.'
Revenues from Leakfrog, which the company developed with Thames Water, continued during the period but did not increase sufficiently, leaving the company's finances stretched.
Qonnectis generated revenue of 32,245, making a total for the 12-month period of 52,931, previously 0.46m."
Balerboy
- 11 Jan 2010 12:59
- 432 of 440
blimey thought i'd lost my little investment here....maybe not
kimoldfield
- 11 Jan 2010 14:55
- 433 of 440
Nice to see that some news has been leaked! :o)
I'd written this one off as well.
I'd written this one off as well.
HARRYCAT
- 01 Mar 2010 09:35
- 434 of 440
Sales of Leakfrog product completed with new customer
Qonnectis, the data monitoring service provider for utilities and users of energy and water, announces that it has sold 250 units of its Leakfrog product to Northumbrian Water Limited ("Northumbrian Water"). Northumbrian Water is a new customer for the Company and will be using the Leakfrog product to fit them to [its Elster V210P water meters] in order to reduce water loss within its network by detecting customer side leakage.
Barbara Spurrier, Interim Chief Executive of Qonnectis, commented:
"Whilst this sales order is modest in size, it is the first order achieved by the Company in a number of months.
I am pleased to see that the appointment of a new sales manager has already produced results with the addition of a significant new customer in Northumbrian Water."
Qonnectis, the data monitoring service provider for utilities and users of energy and water, announces that it has sold 250 units of its Leakfrog product to Northumbrian Water Limited ("Northumbrian Water"). Northumbrian Water is a new customer for the Company and will be using the Leakfrog product to fit them to [its Elster V210P water meters] in order to reduce water loss within its network by detecting customer side leakage.
Barbara Spurrier, Interim Chief Executive of Qonnectis, commented:
"Whilst this sales order is modest in size, it is the first order achieved by the Company in a number of months.
I am pleased to see that the appointment of a new sales manager has already produced results with the addition of a significant new customer in Northumbrian Water."
HARRYCAT
- 07 Jul 2010 08:16
- 435 of 440
RESTORATION OF TRADING ON AIM
QONNECTIS PLC
"The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 07/07/2010 7:45am, an admission document having been published."
QONNECTIS PLC
"The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 07/07/2010 7:45am, an admission document having been published."
HARRYCAT
- 07 Jul 2010 08:19
- 436 of 440
Proposed acquisition of American Leak Detection Holding Corp.,
Capital Reorganisation, Open Offer of up to 1,332,946 New Ordinary Shares at 75 pence per share, Proposed change of name to Water Intelligence plc, Notice of General Meeting and Admission of the Enlarged Share Capital to trading on AIM
Highlights
Proposed reverse takeover by American Leak Detection Inc. ("ALD")
Open Offer to raise up to 1 million before expenses with sub-underwriting commitments amounting to 657,000
ALD focuses on the accurate, non-destructive detection of all types of leaks including hidden water and sewer leaks, together with repair and other related services
ALD operates through 114 franchises operating multi service vehicles established in the US and additional 15 franchises outside the US (2009 total revenue c.$5.5 million)
Net proceeds of Open Offer to be used to establish UK operation, maximise ALD's franchise and corporate run opportunities and drive product innovation
Combined entity to be renamed "Water Intelligence plc"
Trading on AIM restored, AIM Admission Document posted to Shareholders today"
Full article here: http://moneyam.uk-wire.com/cgi-bin/articles/201007070730029429O.html
Capital Reorganisation, Open Offer of up to 1,332,946 New Ordinary Shares at 75 pence per share, Proposed change of name to Water Intelligence plc, Notice of General Meeting and Admission of the Enlarged Share Capital to trading on AIM
Highlights
Proposed reverse takeover by American Leak Detection Inc. ("ALD")
Open Offer to raise up to 1 million before expenses with sub-underwriting commitments amounting to 657,000
ALD focuses on the accurate, non-destructive detection of all types of leaks including hidden water and sewer leaks, together with repair and other related services
ALD operates through 114 franchises operating multi service vehicles established in the US and additional 15 franchises outside the US (2009 total revenue c.$5.5 million)
Net proceeds of Open Offer to be used to establish UK operation, maximise ALD's franchise and corporate run opportunities and drive product innovation
Combined entity to be renamed "Water Intelligence plc"
Trading on AIM restored, AIM Admission Document posted to Shareholders today"
Full article here: http://moneyam.uk-wire.com/cgi-bin/articles/201007070730029429O.html
Balerboy
- 07 Jul 2010 08:40
- 437 of 440
you'll be jumping in then harry with both feet......,.
HARRYCAT
- 09 Jul 2010 15:25
- 438 of 440
Question is, 'is it just throwing good money after bad?'
"OPEN OFFER You have been credited with Qonnectis entitlement shares at a rate of 11 entitlements for every 4500 ordinary shares held as at 08 July 2010. These will entitle you to purchase 1 new share for every 1 entitlement held at an issue price of 75 pence per new share. Over subscription is possible. If you would like to take up this offer please notify us in writing by letter or secure message".
"OPEN OFFER You have been credited with Qonnectis entitlement shares at a rate of 11 entitlements for every 4500 ordinary shares held as at 08 July 2010. These will entitle you to purchase 1 new share for every 1 entitlement held at an issue price of 75 pence per new share. Over subscription is possible. If you would like to take up this offer please notify us in writing by letter or secure message".
Balerboy
- 11 Jul 2010 22:20
- 439 of 440
This time they can manage without my help... my few hundred quid's worth won't make any differerence.
HARRYCAT
- 29 Jul 2010 13:25
- 440 of 440
"The name of the Company (QTI) will be changed to Water Intelligence plc today. Application has been made for a total of 8,987,053 New Ordinary Shares to be admitted to trading on AIM and it is expected that these shares will begin trading as Water Intelligence plc (Ticker: WATR) at 8.00 a.m. on Friday, 30 July 2010."
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