Talk about an emergency raising. The 'Capital Raising Presentation' says that without the $90m they'd be at a leverage ratio of 5.2x v their covenant of 3.0x!!! And the raising only gets them back to 2.53x. Wow, wow, wow. Any further deterioration will mean they need to raise AGAIN.
News: CDD Cardno seeks trading halt, page-25
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Last
25.0¢ |
Change
0.010(4.17%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 25.0¢ | 20.5¢ | $26.36K | 110.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 33444 | 2 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| CDD (ASX) Chart |
