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01/03/18
13:07
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Originally posted by martincooper
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I have a question for experienced punters.
Considering this statement made by CCE:
"The consolidated loss of the Consolidated Group for the half year ended 31 December 2017 amounted to $9,102,193 (2016: consolidated loss $7,832,929)."
We are all hoping for the loss to start decreasing and slowly becoming a profit. How long would that take to have these $9.1 million loss to be reduced to $0?
Here is my thinking about this problem; I don't expect that at the end of this year we will have no loss. I assume that we will have a progressive reduction of the loss (hopefully).
My question is; based on your expertise in the domain and analysis, how would the progression look like? Here is an example;
- 2018: $7 million (loss)
-2019: $4 million (loss)
-2020: $1 million (loss)
-2021: Profit?
Please feel free to challenge my assumptions/thinking etc.
Hard question Martin and perhaps I should have added on my last post, we are all assuming that there will be an increase in revenue well let's just hope that with these and future contracts they get the number right, profit is only known once the job is done ( and even then it's subject to all manner of potential claims) one thing is certain if CCE can look after the cents then the dollars will look after themselves
Cheers
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