No mention of any possible takeover and no mention of UBS, McCullough Robertson advice or actions for Cardno.
Seems Richard Wankmuller will detail a 100 day plan in October and has a sense of optimism that Cardno is in a storm, but is going to weather better than some others.
Good to see the strengthening of the USD against AUD having a positive hedging impact for Cardno.
Not so positive about the impairment, high margins being eroded or share price slide.
Its a 7c dividend fully franked, 2.6% yield. A risky buy given the share price slide today, but the sentiment here is a risk buy.
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- Cardno full year results announced 10am AEST today
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1 | 14492 | 1.035 |
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