CDD 3.26% 23.8¢ cardno limited

News: CDD Cardno seeks trading halt, page-36

  1. 1,641 Posts.
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    @croasian I've had this discussion with many people, most recently on SIO with someone who was "advising clients to buy" and had also personally bought at 40c+ IIRC. The sp dropped below 20c and he was still saying he was delighted. Hollow talk, I say. I mean, I understand investing for the long term, but if you can choose to buy at say 50c rather than 90c, wouldn't you? And given the high likelihood of a CDD CR since they made that announcement a month ago, in my view it would have been wise to sell / not buy until the CR occurred, or it became clear that one in fact wasn't required. This coming Monday I expect you'll be able to get set at substantially less, even accounting for TERP / the CR's dilutive effect.
    Last edited by friendlydwarves: 02/06/16
 
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24.0¢ 15619 3
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