The update was ok but, Codan finally went into some detail on the business.
I like how they are trimming R&D. Nothing crazy just no use growing R&D when you have large new products in the release pipeline. I'd prefer they trim 10% than increase 100%. Like the R&D spend is massive now...how many staff do you need tinkering in a lab?
I REALLY like how they got expenses down too. Shows good cost controls.
Once they sell they property they'll also trim the debt by 10% which is great. Worth 3-4 cents alone.
Overall...nice update.
The stock keeps going up! Should crack $1 soon.
Ann: Investor and Analyst Presentation, page-3
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Last
$15.65 |
Change
-0.150(0.95%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $15.92 | $15.92 | $15.55 | $2.415M | 154.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 813 | $15.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.66 | 1112 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
