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clock Created with Sketch. 20/06/15
16:17
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Originally posted by billyen
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I'm now going to announce my guess on the codan Aug. earnings number. I'll repeat this is a total guess and has come from me mostly talking to dealers and a lot of research. Looking at every review (good and bad) and videos that's out there. Reading every financial note and comment. They announce in Aug. so we are 6-7 weeks away. If the earnings are solid then the stocks going to move up in a big way so this is a opportunity to do real research and make some money from it.
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A very good post, not from your figures but the research is excellent and the effort. However between your sales figures and bottom line impact are the accountants. Codan's balance sheet is lousy, in fact down right dangerous. A smart company would improve the balance first, if the sales are there than the cash flow is there. 60% of the work is done , now the time to invest in getting rid of the junk or a good deal of that junk,(todays non productive assets and leverage to be at a reasonable level)on the balance sheet.
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