CDA 0.41% $15.84 codan limited

Is the world coming to an end? Is the apocalypse upon us?...

  1. 42 Posts.
    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.
 
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