Different Courses for Different Horses
Contrasting market reactions to similar proposals from two companies that up to February last year were one, as Cardno and Intega issued similar statements about ownership reviews.
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Cardno Limited
Cardno is a global infrastructure, environmental and social development company operating in more than 100 countries and powered by a talented 4,000-strong workforce. We’re united by a shared purpose to deliver exceptional professional services to improve physical and social environments that make a difference to people’s lives around the world.
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News
Good News Shorts: Austal Builds On, Cleanaway Confirms Dividend
A rare bit of good news for investors about one stock at least – The Perth based shipbuilder and defence contractor, Austal says it has been told by the US Navy it is performing “mission essential functions” and been urged to keep making ships.
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Cardno Shows Mining Services Under Pressure
Infrastructure and environmental services group Cardno (CDD) joined the lengthening list of mining and related services companies in downgrading their guidance and revealing write downs.
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Cardno Shares Survive Earnings Revamp
Shares in Cardno (CDD), the infrastructure and environmental services consultancy, dipped 3.2% yesterday after the company revealed a downgrade to its earnings guidance for the 2013-14 financial year.
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Cardno Joins Mining Services Downgrades
The slowdown in the mining sector here and offshore has seen consultants, Cardno Ltd (CDD), join the growing list of service companies reporting damage to revenue and earnings.
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Analyst Views
CDD – Morgans rates the stock as Add
Cardno have positively surprised the market by providing guidance for FY20 earnings of $41m-$43m, according to Morgans.
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