10% cut in 2018, 10% cut in 2019, 10% cut in 2020, that's 30% cut in total. So you are right, profit drop by 30% next year, 60% in 2020, then basically wiped out after 2020, if they cannot find ways to offset that savage cut.
VTG Price at posting:
94.5¢ Sentiment: Buy Disclosure: Held