CDD 4.55% 23.0¢ cardno limited

Cheap takeover atm...No debt. MC $500M. I think its rebounding...

  1. 4,987 Posts.
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    Cheap takeover atm...No debt.

    MC $500M.

    I think its rebounding with the oil price. It will mirror WOR.

    It had $50M ebita from americas previously. APAC was $50M ebita last year.

    So if they both become $100M ebita then CDD will be at 5 times ebita. Currenlty 10 times.

    If next year is $75M ebita it might have 50 percent upside from $1.

    Anyways the key change and rerating is the elimination of all debt. Also the change in fortune for POO.
    Last edited by Nightmarez3k: 12/10/16
 
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