Is the world coming to an end? Is the apocalypse upon us? Looking at the front page of various news papers you'd think that would be the case
Codan posts a NPAT rise of ~40% and the share price drops 20%...
Did the markets they operate in die overnight? Did a competitor release a magic gold detector or something?
I'm happy with the business fundamentals, my only gripe is that I don't have the spare change to buy more and the patience required to stick around for another 6-12+ months. Hopefully management can be a bit more proactive with communicating to the market as well.
CDA Price at posting:
88.5¢ Sentiment: Hold Disclosure: Held