Thats a great question, word on the street is Cardno was a big mistake and is pretty risky venture for them. It would be an enormous challenge, running a people business is tough. They have 30% staff turn over in their largest market (NSW) so don't think for a moment that life is easy for them. I think they'd run at $1.80
Ann: Daily share buy-back notice - Appendix 3E, page-38
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