CDD 5.88% 18.0¢ cardno limited

where to now?, page-22

  1. 11,295 Posts.
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    Rameez - The company is excellent and appears to be being run well, as long as there are not sudden writedowns of the purchased businesses for x and y.

    I'm just saying that the unexplained throwaway of shareholders equity with the 10% or more underpriced institutional placement makes them a dangerous co to invest in long term. I'm not willing to hold longer term them for better or worse. They got away with it without any fuss or explanations - I'm amazed - free licence for next time - it will probably be bigger . . .etc.

    Plenty of other companies without the "mystery".
 
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