On my calcs, there will be about 480m shares on issue post raise. At 40cps that's $192m. But they will still have $85m of debt, so even assuming they make $45m (remembering CDD's recent history of hitting its numbers isn't great...) the EV works out to nearly $280m, making a p/e of 6.2x. That doesn't seem to be a bargain for a company in this space and with this track record. Say you want to make 50% on your money - who's going to pay 60cps / 9.3x? Perhaps someone will, but that someone sure won't be me.
News: CDD Cardno seeks trading halt, page-42
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Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $12.10M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 31.0¢ | $612 | 1.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20231 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 22126 | 2 |
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