Man sorry Bonus, I completely forgot about the scriptures. I found half of it there, and the other half in the Alan Kohler interview.
@dyeman, this is where I put the two snippets together:
Bonus 3:16 What's happening with Profitability?
Margins are tight to get a foot in the door for EMC as would be expected, but they did expect to turnover more $$$. The EMC business did not perform as well as expected. MO would expect to go beyond $20m revenue this financial year. The order book is already $15m for this financial year. "
Alan Kohler interview with MO When are you going to start making money?
That’s the million dollar question isn’t it, Alan [in regards to the EMC business unit]. We’re about 18 months away from that. We haven’t gone out there and put any hard and fast forecasts around that because we are still very much emerging into this space as the market emerges as well. But what we are on is a relatively fast path now to breakeven and profitability. It’s those sorts of projects that will allow us to do that because they do come with a good profit margin because they’re complex.
So they do talk about it, it's just not the sort of thing you put in an announcement or dwell on in detail in an Annual Report, but he did tell shareholders who bothered (or were even able) to turn up to the AGM. He may not have gone into enormous detail about it, but who does?
Honestly that AK interview and Bonus' 4-part series on the AGM are just gold. Anytime anyone's feeling nervous about their investment in CCE just go read those five articles (give yourself about an hour, they are all lengthy) and you should be just fine.
If you don't believe what CCE is saying to shareholders in those five pieces then really, you should ask yourself why you are invested in a company where you don't even believe the fundamentals as they are explained by management, much less the wheelings and dealings.
All IMHO only. It's still a punt, but for me the addition of EMC into the fold has taken enormous pressure off the company to rush CETO to market in whatever shape it is in just to keep our head above water. EMC can give us a ton of breathing room so we can ace it the first time.
The projections for global wave energy investment over the next couple of decades is staggering (someone please help, I can't remember who or where I read that. Megaaaaaa!). If we are the first to market with a fair dinkum product and it's competitive, Bonus will literally be able to buy a small country and invite us there for holidays on his National Airline.
P.S. Cross-post with Bonus, seems we have covered a bit of the same ground, lol
