CDA 0.19% $15.80 codan limited

naive

  1. 2,525 Posts.
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    hi to all those disappointed and not disappointed cda holders
    this company is very good in its niche market(heavy duty radio's) but wow are they naïve!!!
    I hold another company that has a high workload base in Africa congo Nigeria etc in the infrastructure area despite local turmoil are doing better than most infrastructure companies in Australia margins higher than 20%
    to me its the "me too products" and the inability to give sales incentives sell via Wal-Mart in the states big hobby nowadays in the usa detectors and management lapse in the radio business
    the gold detector is being sold out of the back of a van, for goodness sake how stable can one's sales be?
    the company's mistake is the inability to move the radio's
    and to get rid of the cfo, obviously he knowns nothing about follow up on sales and reporting.
 
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