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clock Created with Sketch. 22/03/18
12:54
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Originally posted by Reillyblue
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I invested in CCE last week having followed the share (on and off) for 12 years. I had lunch with MO 12 years ago and was shown around the CCE facilities and given a demo of the CETO technology at that time. MO was impressive, very polished and knowledgeable of his subject. However, the technology was clearly embryonic and I was not inclined to invest at that point. I’ve kept an eye on the company since but ignored it for long periods. A couple of months ago I became interested again and brought myself up to date on their activities. My decision to finally invest is based on their diversification and my belief that there is a realistic chance, given the volume of recent announcements, of them returning a profit in the next 2-3 years. Given the financial numbers, the share is an absolute punt at this point and I wouldn’t recommend investing anything you can’t afford to lose. However, the upside could be significant if they pull it off. I have written off the CETO technology in assessing the potential. I think there is every chance they won’t deliver a commercial solution and will ultimately write-off the asset value in the balance sheet. Anything other than this outcome will be a huge bonus but I’m not expecting it. If they continue to win contracts it is inevitable that revenue will grow and the market will react to that. CCE certainly have some positive momentum at the moment and hopefully that will continue.
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