The chairman is forecasting eps of 23c compared to 13c for FY12. This explains the sharp increase in the last two weeks.
Jumped today but still only selling on P/E of 7.8. I expect this will get rerated quickly to >10. If the market believes growth to be even middling sustainable, it should ramp up to P/E 15.
Current growth is coming from their gold detectors, but I think future growth will come from their radio division. The acquisition of Daniels Radio a couple months ago was a very good move. It increases Codan's market breadth considerably, particularly in Asia and Africa which will be high growth markets for Daniels products in the next decade. Codan already had a lead on competitors in these markets.
profit accelerating, page-3
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CDA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.70 |
Change
0.020(0.13%) |
Mkt cap ! $2.850B | |||
| Open | High | Low | Value | Volume |
| $15.60 | $15.70 | $15.44 | $3.916M | 250.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1143 | $15.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.70 | 3960 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CDA (ASX) Chart |