CDA 0.19% $15.80 codan limited

I'm totally happy with the numbers. I would have liked 13M+ but...

  1. 6,110 Posts.
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    I'm totally happy with the numbers. I would have liked 13M+ but I'll take the 12.5M...7 days a week.

    What a crap time to release. It's the market and dare I say it...low volume. Less than 2% of the shares are trading after such a positive event. This is the small retail investor spooked. I would have been with them but, there's NOTHING wrong with this company. Only 7 stocks in the ASX 200 are up today.

    The company has did everything right.

    -The shocker for me was the balance sheet. I thought they'd trim it a bit...They paid off 18M! This is a financially sound and strong company now.

    -Minelab. 70% over last half says the GPZ 7000 is selling well. That's all I needed to hear.

    -I was hoping for more revenue growth especially for radio but, it was still up as they're early in the new product cycle.

    -With it's strong financial position it can do things some other weak companies can't. Make a acquisition at a decent price. Invest more into it's current businesses etc.

    -I also like the gold bet...as the world market's get scared...the price of gold will go up. This only helps Codan sell more detectors.

    -This stock will trade at a P.E of 25-30 in the next 6 months.

    Right now the stock trading at a PE if 13. That's just silly. The company is profitable and growing it's earning at 30-40%. The company also has low debt. Think about it this way. 6 months ago wouldn't you have loved the company to has these full year results? The company is now trading only 15 cents higher than it was then!! What a bargain!

    As Warren Buffet says..."Be fearful when other are greedy and greedy when others are fearful."
 
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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
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Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
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