CDD - Cardno Limited

[peter2]

Cardno seems to be recovering looking at this 3 year basing pattern.
Some might call it a saucer or even a cup and handle. I hate those names. All I need to see is a break of the sloping trend line and higher lows. Price is almost at an important level (1.50) which is a yearly high and top of the "feng shui reflection pool" pattern.

 

[debtfree]

How come my chart seems to be a little different to yours Peter? Your top horizontal line is around the $1.50 mark whereas mine is around the $2.05 mark.

 

[peter2]

Well that's interesting. My other provider is the same as yours debtfree.

Clearly there's been one or more adjustments made to the price and one provider hasn't made one of the adjustments. In my experience the Bullcharts data does not match the ASX adjusted data quite often. The ASX data isn't perfect either although they fix it eventually.

If my historical chart of CDD is incorrect (and I think it is) then the 1.50 level is just another ordinary level of resistance and not a multi-year level.

Thanks for that I'll make a note on my CDD chart.

 

[Miner]

Hello - have you guys taken time off from CDD ? Noticed Bell potter ceased to research on this. Few months ago demerger - ITG. Just a hunch for some good stocks but the trading patter is very irregular one substantial holder controlling it. But as a rule all engineering companies are not doing well for obvious reasons - if every one is at home who does the engineering ??
Any updates from holders ? @peter2 , @debtfree ? DNH

 

[peter2]

I'm not interested in CDD since the demerger. CDD had been in a slow decline for ages and the current chart shows me that price is much lower.

The daily chart shows that there's some demand at the low price (rising TMF) but this stock hasn't participated in the market rally. Not interested.

 

[Miner]

I'm not interested in CDD since the demerger. CDD had been in a slow decline for ages and the current chart shows me that price is much lower.

View attachment 102336

The daily chart shows that there's some demand at the low price (rising TMF) but this stock hasn't participated in the market rally. Not interested.

@peter2
I could only see red flags on your chart . Thanks for sharing your observation. Take care

 

[Dona Ferentes]

From the latest results:

"Cardno achieved results that were both up on last year and ahead of guidance with an underlying Earnings Before Interest Tax Depreciation Amortisation and Impairment of $51.2 million (stated on a pre-AASB 16 basis). This represents a 19% increase on last year’s result. Pleasingly, this is the fifth year in a row where Cardno has hit or exceeded market guidance”.

“Cardno’s clients are B2B (business to business) or B2G (business to government). At FY21 year end Cardno’s working capital metrics approached best practice and net debt was positive (cash exceeded debt). Despite the challenges associated with COVID-19, Cardno commences FY22 with encouraging levels of backlog and pipeline of future work. "

Covid has affected the workflow, as you would expect, but the company performance and exceeding of guidance has seen the SP lift from 35c to $1.20 in the last 7 months. There has been significant buying back of shares on an almost daily basis.

 

[frugal.rock]

Capital return and divvy totalling around $1.49 smashing the price down. No franking either.
Some investors may get fooled and may not even notice the dip... with an upcoming consolidation (10:1) they may think they have done very well ?
(Where has all my shares gone, but price looks good! ?)

 

[divs4ever]

(Where has all my shares gone, but price looks good )

bought some in 2011 @ $5.50 and bought more cheaper in 2015 @ $2.35

no capital return , no consolidation , hardly ever any divs ( while i held it )

has been an ongoing train-wreck for years , directors and previous directors names added to my BLACK book

don't expect me to buy in again

at circa 20 cents a share check out ASW , boring and illiquid but even managed a share-split AND regular divs ( when it was a 60c-70c share )

and no ITG shares either .. at least MLX gave me some WGX as a consolation prize

 

[System]

Cardno Limited (CDD) was removed from the ASX's Official List at the close of trading on Thursday, 16 January 2025 at the request of CDD, under Listing Rule 17.11, after security holders resolved to remove CDD from the Official List.

 

[qldfrog]

Cardno Limited (CDD) was removed from the ASX's Official List at the close of trading on Thursday, 16 January 2025 at the request of CDD, under Listing Rule 17.11, after security holders resolved to remove CDD from the Official List.

Was once a darling of the new world asx...
I traded it a bit

 

[Dona Ferentes]

So it begins...

View attachment 49696

Probably a bit oversold in the short term. H1 NPAT to be $36-$40m which means full year of ~$70m (EPS = ~50c). At $6.30 it's a PE ~12.6 which, while higher than most, isn't that demanding.

It went through a 100tick range today and I managed to pinch only 25.

Why am I such a poor day trader?!

I knew a Cardno guy with 7 million shares ... when he retired, and starting in the $7 range, he managed to offload all of them as it slipped and slided to $2.

Trophy homes were cheaper then, too.