truth is a lot does depend on that final quarter where most of their business comes from.. thats where the problems occured in FY07!
So everyone is being cautious.. which is why i have stated before it will take time for full market confidence to return.. i.e. after half yearlys and full year results.. and CDR have to meet or get very close to these
no more profit downgrades!
however until then things are going strong.. top line is above forecast for half year as at Oct 07. As a shareholder you can't ask much more than that.. and it shows fundamentally CDR are strong.. its just that the systems let it down (ironic given its in the IT industry)
anyhow capital raising is never going to be easy at these stages.. however after some strong half yearly results.. the SP should edge higher as confidence starts to come back.. and no doubt there will be those wanting to get in JUST IN CASE Commander pull through.. and no IT problems occur in the last quarter of the 08FY
its being staged for a BIG COMEBACK if they are able to pull it off.. and many will be in for hte ride early.. i can see instos with eagle eyes on this.. recommendations will fly from sell and holds.. to buy! we all know what happens when that occurs
also HHI has its money on this.. and they are well known for their turnaround stories... and no doubt they will make sure CDR's IT issues do not re-occur.. Chairman has also assured stress tests and upgrades have been made to ensure it does not happen again.
the choice is yours. i hold
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
