Some would see it is an opportunity. I know that if I had a bit of spare cash I would be buying as much as I could. The price is likely to continue its down trend till the next financials come out. A dip down to 2.4 cents or slightly lower is possible and I think it will occur, I think that it will be a reasonably short term dip due to end of year info being released. I'd happily take a 20% loss on todays price for the opportunity to see what happened in the next in 6, 12 and 18mths. Surely with the MG project wins and the prospects with the CETO in Albany this stock should be performing far higher than 2.7 (although "positive" news has been hit with trepidation recently so maybe it won't perform higher).
Obviously if you have no ownership currently it is a great time to buy in as we are surely near the bottom - if it does drop further to 2.4c it is painful to new purchasers but it is a lot less painful than it dropping from 5c or more as it has for a lot of us. My average price is about 5.5c, so CCE doesn't look good on my ledger ATM. I know some of you guys would have bought higher (especially the long term guys).
I do have confidence that the company will start to generate revenue (and hopefully will show small profits) from the microgrid business in the coming months and CETO is getting closer by the day. I'm only really in this stock for CETO and wasn't impressed with MG investment - but I am cognisant that they needed something to tide them over till CETO happened or could pivot entirely towards if CETO failed. I also feel that CETO is behind schedule as the WA govt and ARENA funding dictated or required them switch their schedule, and obviously negotiating with govt is "usually" slow.
If you're in and your average is high consider buying some more to reduce . In the next 5 weeks (before 30july) we should really get a good idea of how the current projects are providing revenue (I'd be hard pressed to believe no income would be present) . We will likely have further spin from the management on what is happening hopefully they can generate some much need confidence. The share placement was underwhelming IMO, whilst they raised money no one was scrambling to do it. That and the SP show what the market is feeling.
Fingers crossed things really start to turn around. Some serious engagement from management in response to the holders responses they gave to the SPP questionnaire might be a start. If they put out some FAQ or utilised Facebook or twitter to generate some enthusiasm - this is where their marketing guys could shine. Put some more youtube videos showing what they're doing and what they're looking to do. It might get more mainstream interest rather than just some evangelical and currently grumpy green investors
CCE Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
