Believe it could get down to 50 cents for interim report. Don't believe the reality of no dividend has set in and the reality of the US oil market is not priced in. CDD may need to close some business units still and write off goodwill on balance sheet, like what COF did a couple of years ago.
Short term pain for now will last at least two years more. Ultimate target is 30 cents over a couple of years.
Looking into carefully to minimise risk of ownership dilution and stabilisation of revenues. CDD has been buying companies and then losing all the revenues acquired to competitors. There is a serious risk this company will end up like Hastie Group. This is the first full year where they haven't taken over another company. Interim report will be an interesting read!
Best of Luck
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Believe it could get down to 50 cents for interim report. Don't...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $22.98K | 99.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6724 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 824 | 1 |
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| Last trade - 15.31pm 02/12/2024 (20 minute delay) ? |
| CDD (ASX) Chart |
