CMP compumedics limited

The MEG installation has apparently completed Phase 1 of no idea...

  1. 1,077 Posts.
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    The MEG installation has apparently completed Phase 1 of no idea how many phases to completion. I certainly understand this is one very highly complex machine to program and perhaps instal the actual hardware however it is now going on since June 20 2017 announcement of the awarded contract.
    In the April CMP presentation the company exclaimed that the instal would be completed by 2nd half of 2019. Now the latest news within the Annual Report suggests it will be completed in 2020. No refined estimate is provided such as 1st to 4th quarter and it just looks a little unprofessional for a company that for its future goodwill could provide some better guidance.
    There are other examples concerning Somfit marketing deals, future MEG sale negotiations but I take that as rubbish and a poor example of self embellishment. Just wish they could be more assertive and put some meat on those skinny boned dot points of their presentations and announcements to the ASX. Or, perhaps just tell the truth that there are no negotiations and have no idea when the MEG will be completed.
    I wonder how they go with those negotiations for MEG sales to their market customers?
    It looks like there are considerable problems with the software or the machine to have to keep delaying and reporting it will be finished sometime in a calendar year. I’m betting it is the software.
    Anyway, interested in others thoughts as it’s getting a bit frustrating with the lack of accurate guidance and so at least enjoying a bitch about it as see MEG as being the catalyst for a serious re rate upwards.
 
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