Ann: Cardno Announces Strategic Review, page-4

All imo

Two major events/announcements are on the cards

1) EOFY results. My assumption is that Cardno has done quite well in FY 20/21, hence the buy back and interest in acquisition, so the share price may bump up a bit based on better than expected profits.

2) Sale/acquisition. No timeframe on this, could be in a week or a year or never happen but if it happens then SP will likely bump up as well. The downside would be if the board announces that no acquisition will happen.

my gut feel - CDD had better than expected profits and Crescent capital is looking to offload it. CDD has been a disaapointment for Crescent and they may be pumping it for a sale.

My original exit price was $1 but on this news I might hold off until $1.2+ or when a sale goes through. If it hits $1 then I'll have 3x bagged so I think I'll sell half my holding and hold the rest for the sale.

Obviously not financial advice and please DYOR