I don't think 5-7 years is a myth. They are private equity, and that's what they do. According to Crescent's Bider's Statement of September 2015:
"We see the rebuilding of Cardno as a 3 to 5 year project which may require significant investment inthe next 12 to 24 months. This may involve earnings declines during this period as additionalinvestment is made to drive the integration of business units and prepare the business for longer termgrowth."
My impression is that this has not gone smoothly and they are running behind. But when they have finished preparing the company for sale (or close to it) they will probably make a full takeover bid. Just my opinion of course. Do you have a different view @1more?
Cheers.
I don't think 5-7 years is a myth. They are private equity, and...
Add CDD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $7.030M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 16.5¢ | $51.72K | 289.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CDD (ASX) Chart |