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.
CCE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
