CDD 4.17% 25.0¢ cardno limited

$1 on the card-no, page-43

  1. 2,211 Posts.
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    Nothing is ever certain, I have enough information to be confident they will bounce but don't know exactly when. The turnaround indicators to me are the writedowns already taken, balance sheet shored up and a management with skin in the game motivated to reduce costs.
    I await the operating results which I think will prove the business is stabilising and not in a permanent declining trend. The fact that the underlying business is still profitable and not overly exposed to mining means that there is no leap of faith required.
 
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