At the Melbourne Roadshow, the point was made that orders are irrelevant, it's revenue the market needs to see. Michael - who's maybe not used to dialogue - seems to have missed the point: an order book without revenue is irrelevant. Take, the heartbreaking examples of Ceramic Fuel Cells and other bankrupted companies. Okay, big order, but revenue is when? Simple. That's all the market wants. Even approx. No engineering degree necessary. So, still in the dark about when this ($50M apparently) order book will materialise, which quarter, which year, which decade
Anyway, here's what I learned:
* Q4 FY18 revenues are projected to be best ever
* CETO6 design this year, implemented summer 2019-20 (Albany) - I think we knew this already
* The EMC-LL collab is 50-50 costs, but CCE get 35% extra profit if I heard right
* CCE profit expected FY19
* EMC revenue aimed to reach $30M before another SPP is needed
Take with a grain of salt. If you're listening CCE, the other main criticism is for a renewable (read: Socially Responsible Invesment) company, the presentations come across as a McDonaldisation. A bit more of "yes we said Northam would be commissioned by end of 2017, now we promise end of 2018, here's why it's late..." Less patronising (the majority of ethical investors are post-grads), more humility (the majority are overwhelmingly female). Or just get a female on the board. Preferably a female post-grad
CCE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
