CDA 0.03% $15.92 codan limited

I think they are under promising and they over deliver on the...

  1. 384 Posts.
    I think they are under promising and they over deliver on the guidance being 40% up on thew high end you could say the whole year could be up 100% just like the half year will be. that could mean npat of ~$60M PE 7 or PE 9 with the conservative guidance and with the strength of the balance sheet and the popularity of RM's buys it could fetch PE 21+ some day like SEK TRS WEB MTU CRZ etc. I like it. It seems like it will be a popular stock being linked to the defense force etc like CPB in mineral testing and AGI in top selling pockers machines it just has a popularity ring to it. I can see it getting above RM's IV of $3.54.
 
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