Morning Colshrapnel
In a previous post I indicated that I would hold judgement on CCE at this stage however naturally I have reviewed my position and have tried to rationalise my assessment as noted here under
1) Mid 2012 I held a handful of shares valued at .29
2) Mid 2018 I held a fistful of shares valued at .27
3) 1st July 2018 it appears that I hold a handful of shares in a Pure Play Wave Company which appears to have a small income stream plus govt grants for future potential developments at Albany in WA. Along with this it seems that I will also hold a handful of shares in a separate renewable energy Company namely Mpower
Along the way I feel that Carnegie wanted to fast track the development of CCE hence the acquisition of EMC. I feel the intentions were good but but things went awry ( it could be that the initial purchase price of EMC was realistic at the time and the forecast revenue may have looked good but EMC were working in a space where technology was constantly moving and morphing into different animals, this could have impacted on the monies needed to broaden EMC’s footprint which in turn was taking funds away from the CETO project )
I ( like Colshrapnel ) feel that the board have recognised this and taken the steps that they have. Could they have come out and told this to shareholders??? No I don’t think they could, it’s a fact of life that it’s not always in the best interest to divulge everything, every board decision has some kind of risk; if decisions are made and they work out well we slap the board members on the back, if things don’t fare so well we want to string them up. I have read all of the posts on this forum and there are certainly some of you that are unhappy at the events that have unfolded but look at it this way at the lead up to the last Fed election we all would have seen candidates on TV spruiking their stuff, some were lying, some were telling the truth, some had good intentions, most of what they promise doesn’t eventuate and it costs us a bucket load of money for them to fix up the mistakes (NBN springs to mind) yet we are threatened with a big stick if we don’t vote. I chose to invest in CCE, I read the caution notes on specky stocks, no one held a gun to my head, if it all turns sour it’s a decision I own
Cheers and thanks for reading
CCE Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
