CDA 0.95% $15.65 codan limited

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  1. 2,525 Posts.
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    Agreeing with you a 30% margin result on the metal detectors makes CDA interesting . As long the radio business continues to grow.
    At a p/e of 12 , similar to yourselve do not see $2 share price but I do see $1.60 again in a mid term range, and at a 50% dividend rate, a nice return as a hold with a purchase at 70 cents or below.
    I actually expected a series of write-offs(clear out the junk etc) at the full year. Unless they hiding it somewhere, then well done for selling even at a low margin. Interesting to see the impact of the planned low cost models.
    Also interesting apart from several dips 70 cents appears to be a very support as the share price consolidates.
 
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