Agree totally that Codan is currently undervalued. But I would also suggest that is also currently the case for many high quality stocks on the ASX. ANZ, for example, is trading on a PE of less than 10! To suggest Codan should be trading on a PE of 25 or even 20 I believe is overly optimistic. It has a history of volatile earnings and has exposure to the mining industry.
But back to the buyback, have you managed to talk to anyone at the company about this. I have previously phoned companies to ask whether they have considered a buyback and if not, why not? In the majority of cases I have received reasonable responses. Maybe we need to engage in some shareholder activism?
Ann: Chairman's and CEO's Address, page-18
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CDA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.80 |
Change
0.030(0.19%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $15.80 | $15.97 | $15.70 | $2.528M | 159.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 343 | $15.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.81 | 803 | 2 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
