Cardno Limited

ASX:CDD

Cardno Limited

ASX:CDD
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$0.185 (+2.8%)
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Jimmy
Company Report
Last edited 3 years ago
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#Financials
stale
Jimmy
Added 3 years ago
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Can someone help me out with an explanation?

CDD is trading at ~$1.51 and has sold 2 o/s businesses' for which it intends to return ~$1.49 per share to shareholders.

They'll also have a bunch of cash on the balance sheet and if I'm not mistaken no debt.

So....does this mean the remaining businesses are complete rubbish or does this warrant buying a bunch, taking the return and see how they travel rebuilding a new business?