Ann: Cardno Announces Early Repayment of USPP Notes-CDD.AX, page-10

Somehow they paid off 193m AUD of debt when cash as at 31 Dec was 183m including the capital raising and ATC sale.
So presumably some pretty strong cashflows over the last three months and lower interest costs to look foward to. I wish the previous mob has paid the debt off when the US AUD were at parity but the new broom is making the best of the hand they were dealt.
They must have like 110m USD of loans and borrowings left with 90m headroom, closing these facilities is a strong indication they are not looking to acquire companies. Why would you do that when you can buyback your own stock (a business you understand) for 30c on the dollar.
I am very pleased by these signs and happy to be in for the turnaround over the long haul. This is boring stable management and doing simple things to promote shareholder value. Not taking any dumb risks with other people's money.
Rare as hen's teeth to see it in this day and age.