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32.4%

24.5¢ cardno limited

30% turnover is certainly a concern. In the engineering space an...

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croasian

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08/04/17

10:54

Post #: 23951055
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Originally posted by R2d2invest ↑

Rarely could I agree with Herr Fräulein but my firm has picked up a great number of very good people from Cardno. I'm told they can't keep staff in NSW with more than 30% turnover. Thats totally swapping out your people every 3 years, which must be hugely damaging. Lets face it, in people businesses you only have one type of asset. The good news is that Adolf here (apologies) is on the money. Its been reported that Atkins etc are intetested. Their (Catdno) US businesses is a basket case, their International business would make more money selling sausages at Bunnings on weekends but they have a solid geotech and engineering business. Australian services businesses need to shift their focus to major projects and Asia. I believe this is the case with this crew. So much easier if you get acquired by a sister Engineering company with a complentary foot print (as opposed to bankers).

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30% turnover is certainly a concern.
In the engineering space an 18% turnover would be more typical.
So are you trimming your holdings?

CDD Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 24.5¢		Change 0.060(32.4%)		Mkt cap ! $13.28M

Open	High	Low	Value	Volume
19.0¢	24.5¢	19.0¢	$52.44K	271.0K

Buyers (Bids)

No.	Vol.	Price($)
2	444	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	10	1

View Market Depth

No.	Vol.	Price($)
1	14017	1.060
1	14492	1.035
1	15000	1.030
1	33300	1.025
1	24875	1.005

Price($)	Vol.	No.
1.080	14424	2
1.095	1729	1
1.125	9538	1
1.140	5000	1
1.150	10949	1

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