CDD cardno limited
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Balance Sheet StrongAt 31/12/08 net debt to equity was 22%. The...

  1. chris
    8,165 Posts.
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    15/04/09
    11:24
    Post #: 5012731
    Balance Sheet Strong
    At 31/12/08 net debt to equity was 22%. The company has announced a $20m SPP at $2.70 per share. Presuming this is taken up in full we would expect gearing to be below 10% by 30/6. This would leave the group well placed to fund acquisitions.

    Valuation
    We value CDD on a dcf basis (WACC 12.2%, terminal growth 1%) at $4.60-$5.00 presuming no future acquisitions. Our share price target is set at the bottom of this range.



    Full Report Here

    CDD Price at posting: $2.84 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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