CDD 5.88% 18.0¢ cardno limited

Good morning guys, I have been in this stock for a couple of...

  1. a13
    219 Posts.
    Good morning guys, I have been in this stock for a couple of years now.

    Started picking them up at $4.35 to $5.60. (incl rights issue)

    A couple of weeks ago I off-loaded the lot for $7.61 however I couldn't get my head around why, so bought them back at $7.41. I spoke to my advisor re the aquisitions and was advised that sometimes this strategy bears fruit.

    I have always had the opinion that CDD was going to be a $10.00 company so this time they can sit in my SMSF just for dividend alone.

    Hopefully over the next few years they will become fully franked again.

    At present I hold a lot of MTS so hoping their aquisitions will one day be up to scratch. In any case better than money in the bank at present.
 
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