timbin,I saw the post about the 3.6c earnings in FY14 ..... to...

timbin,

I saw the post about the 3.6c earnings in FY14 ..... to me it was more about recognition of how s**thouse the broker is.

Even if CCU manages to become cashflow positive this financial year (and its a big if), its highly unlikely that there would be a profit.

I've no doubt this company would trade on a PE of 15-20 - the issue is having a positive E.

I hope you are right about the new CEO and he doesn't turn out to be a "dead Rudd bounce" ... If he can navigate the looming cashflow problem (without diluting shareholders by half) and deliver 200koz/month by year-end, he'll get my vote.

Cheers,

$4.