re: Ann: CARDNO CONFIRMS RESULTS AT TOP END O... Hi Goatpointer
The difficult market conditions have only really been in the mining industry. This is a market segment that Cardno earns 10% of its revenue from, not much at all.
If it had not been for takeovers, Cardno would have been targeted by shorters and it share price would be under $4 today, if not lower. Its current business is under-performing current peers. Others not taking over businesses are actually growing revenue at about 5% per annum (excluding mining industry).
Based on acquisitions and growth of 5%, would expect NPAT to be above $90 million, 15% under-performance to its peers.
CDD's effort has nothing to do with its current business performance and only that of others. If it stops buying businesses, company will be treated poorly.
Buyer beware.
Best of Luck
Lost
re: Ann: CARDNO CONFIRMS RESULTS AT TOP END O... Hi...
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26.5¢ |
Change
0.015(6.00%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.0¢ | 23.5¢ | $28.94K | 116.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23079 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 5500 | 1 |
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