CDD is now trading in an uninformed market, what is behind an immediate CEO resignation usually some serious financial trouble. There could be a suspension while the outlook is checked, surely the board must have an idea of the first half results.
Unless you are shorting it avoid as a new CEO is likely to take an axe to asset values, the purchase of the USA oil and gas consultants early last year now looks like a dog. It may end up paying no divvy due to potential write downs and then it will really hit the skids with a pile of debt to service and who knows what debt covenants there are.
better to stay out until the water clears IMO.
Shorts Covering, page-8
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Last
26.5¢ |
Change
0.015(6.00%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.0¢ | 23.5¢ | $28.94K | 116.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23079 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 5500 | 1 |
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| Last trade - 11.52am 04/12/2024 (20 minute delay) ? |
| CDD (ASX) Chart |
