In line with market growth expectations, revenue of the enlarged group is expected to increase in FY2019 and beyond.
A redundant, vague, meaningless statement that we have all come to expect from CCE. Of course companies expect to increase revenue (and profit) in the future. If that is not always the goal, why do you exist CCE?
once the MPower and EMC businesses are fully integrated, the combined business is expected to have sufficient scale to enable profitability to be achieved and sustained.
Another vague, empty, meaningless statement. No mention of whenthey expect to be profitable, or even free cash flow positive, as expected. And they think they'll have sufficient scale for profitability after the CCE/EMC demerger, suggesting CCE didn't have scale to achieve profitability prior to the demerger of EMC. So why in the hell did CCE purchase EMC in the first place then?
And has anyone roughly calculated how much value "per equivalent CCE share" we will have after the demerger, given we were worth around 2.5c per share before the latest raising? Given we intend to gift so much value to TAG upon the demerger of EMC, surely we will be worth only a fraction of our original 2.5c, yes?
CCE Price at posting:
1.9¢ Sentiment: None Disclosure: Held