Like to share the answer from coy (see previous): 1) market to blame. Sure is a fact. however we only ask for a 'bad' dividend, not a good div of 20c. Not the REASON to suspend div. 2) cash position. Not true at all. cash + receivables strong and secured receivables in place.
One thing also alerts me: their "other overhead" blow out from 3.1 (for the first half) to 6.8m in the 2nd. Surely CND commenced integration its back office system but this only costs upto 1m (and most not subject to expense). Noted also there was no major employee related restructure FY12.
Still holding, for: 1) CND probably (hopefully) realized its previous model will not work in new environment any more, signs of re-model becomes more visible; 2) basically a stable div shareholders base; with major holders quite stable; founder still holdings large; 3) CND was subject to a trading rush (few years back), now seems ready again and may proves exit point; 4) some corporate action may comes up which may also proves exit point;
good luck all holders
CND Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
