CDA 0.03% $15.91 codan limited

is it a hold or a sell?, page-58

  1. 1,485 Posts.
    lightbulb Created with Sketch. 59
    accaeric - "balance sheet doesn't look very good".

    If I'm reading the 2013 annual report correctly:
    Cash 8,638 ($k)
    Receivables 21,137
    Tax assets 226
    Accounts payable 29,357
    Loans and borrowings 201
    Tax payable 11,370

    So net cash is -$10,927k.

    I agree, it doesn't look very good.
 
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