CDD cardno limited
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$1 SPP

  1. ML173
    9,616 Posts.
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    02/12/15
    13:28
    Post #: 16529435
    Not quite sure what to make of such a steep discounted CR ?

    Crescent’s relevant interest in Cardno could increase to a maximum of 44.44%

    It looks like a cheap way to gain control by Crescent. No more trading at TO premium ...

    They still might try to push it a tat closer to the SPP price for the partial underwriting stake.
    $1 is a good long terms hold..
    Last edited by ML173: 02/12/15
    CDD Price at posting: $1.84 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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