CDD 2.78% 18.5¢ cardno limited

2016/17 Full Year Results, page-21

  1. 582 Posts.
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    PPI had two divisions, one was the construction arm that Cardno sold back to the ex PPI management team, not sure of the transaction costs but suspect this was a $1 deal to de-risk Cardno. Similar to the planned exit from Ecuador, which by the way I'd love to know more about. I don't know anything about any future sell of PPI. I understand PPI had heavy exposure to tier 2 and 3 oil/gas projects in Africa so I'd expect we would need a large turn around in O&G prices to make this one turn around. I think they paid $150 Million plus for PPI, probably worth little these days.
 
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