CDA 0.32% $15.67 codan limited

is it a hold or a sell?, page-59

  1. 34,354 Posts.
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    hindmost,

    You forgot,
    provision $11m
    loans & borrowings $33.6m

    Net tangible asset: $8.7m (very low)

    Metal Detection comprises more than 2/3 of its total sales, which dropped 80% in the key market - Africa from $62.5m to $12.5m.

    As most of gold companies shed off over 70% of its market value and can't make any profit. They might not have money to buy gold metal detectors any more.
 
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