CDA 0.13% $15.91 codan limited

So we are at the top end of the guidance range but not a good...

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    So we are at the top end of the guidance range but not a good result. Will be interesting to see who was punting on a better than expected result. On the face of it the sp should not move much but "but the rumour sell the fact" will probably see a 10%+ drop before stabilising.

    My biggest concern is the outlook is full of motherhood statements and nothing to sink your teeth into to get a sense of what the rest of FY14 will bring. Maybe they have learnt there not to give guidance anymore or they have no idea themselves....
 
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