CDD 14.3% 21.0¢ cardno limited

@croasian yes Senior Management - once removed. Seems they want...

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  1. 582 Posts.
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    @croasian yes Senior Management - once removed. Seems they want some clear direction but don't we all. I may know some of your SKM colleagues, and LOL at the restructure and the un-restructure all for improved efficiency. They usually shuffle the deck chairs and pretend its a restructure without actually measuring any observable effect. I think it's probably a good hold, I sold out as I have pretty conservative germanic genetics. Jacobs would be a good suitor but I wouldn't be shocked if a Japanese firm, Indian or the like takes an interest. I was surprised to learn how few Engineers Cardno has as part of the overall mix, <500 in Asia Pacific. Most of their work is Surveying, Environmental and the big one is geo-technical services. Massive Gap with SKM's capabilities, who I rated quite highly. Crescent may get a bit more active once they inflate the share price to around $1.80 unless they fancy paying themselves large dividends, which is also plausible.
 
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Last
21.0¢
Change
-0.035(14.3%)
Mkt cap ! $13.28M
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26.5¢ 26.5¢ 21.0¢ $17.70K 68.65K

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