Calm down boys.
First of all CCE should try not to be seen to overstating THEIR contract wins announcements (even though it sounds twice as good) because invariably they could be considered to be under delivering when half yearly results are announced.
For example , if the total JV contract wins is say $30mil and their portion of that is 50% then they should clearly state the value of the contract that belongs to them.
Secondly , a company would be stupid to announce contract wins and their expected net profit contract by contract.
However it is very common for listed public companies to announce guidance ,for each half of their financial year, their expected turnover/sales and the expected EBIT or NPAT. This provides their shareholders and the greater market with guidance on how they are travelling and overall transparency. After all they are a public company and it is an ASX requirement to keep the market informed accurately.
Also , when a company announces their half yearly profit results etc . anyone worth his salt can pretty much work out margins etc.
Some companies clearly state their margins.
So its pointless trying to hide the bleeting obvious -- best to comply with proper disclosure and be transparent which would avoid market disappointment when the truth is overstated or hidden . Additionally you will find that shareholders /investors will reward the company by buying their shares and increase the company's MC when disclosure and transparency is maintained.
Beats us individual trying to work it all out or guess on HC and end up in fruitless arguments.
CCE Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
