Unless there is some sort of opportunist take over I believe the...

Unless there is some sort of opportunist take over I believe the SP will collapse. The forecasts for the property sector in Aus is not overly positive with a predicted 50% decline in the apartment market. 40% of these guys revenue comes from that sector. Cardno don't do oil and gas, it is almost solely with Cardno PPI who generated their incomes in Africa. That higher risk development of o&g assets in these geographies will not bounce back for years. PPI is now heavily impaired and they flogged off the construction arm at a loss. The also don't do mining and have limited exposure in that market.

Watch the panicked selling off of assets start. The old board left an inept Crescent with too bigger problem and Crescent have themselves to blame. The legacy problem from the old board seems to me to be the CEO. They have moved far too slow and failed to implement a sound strategy. This stock has gangrenous limbs and toxic shock. I'm hoping someone who wants their human assets takes them over.