CDA's share price preformance has been very good for the past couple years, so taking money off the table and a drop in the share price does not surprise. In addition for the technical ones amongst us there is a gap on the daily chart at plus or minus $1.86. And in the past cda has closed a gap even after a long duration.
To me the surprise is in the current space and hype of high tech wonders , CDA has been over looked . Its was a Codan's hand held detector that an amateur used to find that huge nugget in WA.
At a Roe of 19% , no debt cash in the bank, close to a 50% payout ratio, a large R & D department, new products always in development, servicing military contractors etc all with a P/e of 11x it should be at 15x.
Codan in my opinion is underrated needs a little more investment in PR . or I have overlooked something.
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Last
$15.81 |
Change
0.040(0.25%) |
Mkt cap ! $2.785B |
Open | High | Low | Value | Volume |
$15.80 | $15.87 | $15.70 | $546.9K | 34.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 189 | $15.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.81 | 739 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 279 | 3.170 |
2 | 2173 | 3.160 |
2 | 2646 | 3.150 |
3 | 5510 | 3.140 |
1 | 25000 | 3.130 |
Price($) | Vol. | No. |
---|---|---|
3.190 | 3000 | 1 |
3.210 | 2102 | 2 |
3.220 | 1050 | 1 |
3.230 | 1050 | 1 |
3.240 | 10092 | 1 |
Last trade - 12.59pm 28/11/2024 (20 minute delay) ? |
CDA (ASX) Chart |