CDA 0.19% $15.80 codan limited

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  1. 65 Posts.
    Current inventory of $42m, HY sales of $60m...me thinks there's going to be some discounting going on the in next half to shift that stock! 30 June 2012 they had $12m on hand... Also mention that debt increased to fund the FY13 dividend not great news.

    Sold the last of mine today, these guys clearly don't have a handle on how their business units are performing, and its not a business that I want to invest in for the long term.

    It's a shame, as I really like this business and they seem to have good products. Good luck to all.
 
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