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.

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.

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.

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.

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!!

1.8/2.05 with a 200k+ buyer at 2.1

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)

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

Thanks Dave -am a bit slow off the mark today. Glad you haven't been fleeced :o)

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.

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!!!

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.

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.

Just so, jm. I'm just looking for the straw to break the back of my pessimism!
Thanks for your views.

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.

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!

Badly phrased on my part! I was hoping for both the bid & the offer to be over 2p.

Guessed as much... but couldn't resist the dig!!
Looks like my pessimism is going to pay off on my average down!

Hold on tight everybody, I've just quintupled my holding which will well and truly spook the sp!

It has spooked it - it's gone down! And I was in profit earlier...

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