The update was ok but, Codan finally went into some detail on the business.
I like how they are trimming R&D. Nothing crazy just no use growing R&D when you have large new products in the release pipeline. I'd prefer they trim 10% than increase 100%. Like the R&D spend is massive now...how many staff do you need tinkering in a lab?
I REALLY like how they got expenses down too. Shows good cost controls.
Once they sell they property they'll also trim the debt by 10% which is great. Worth 3-4 cents alone.
Overall...nice update.
The stock keeps going up! Should crack $1 soon.
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Last
$20.61 |
Change
0.030(0.15%) |
Mkt cap ! $3.742B | |||
| Open | High | Low | Value | Volume |
| $20.38 | $20.67 | $20.32 | $5.193M | 252.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1053 | $20.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.61 | 626 | 2 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| CDA (ASX) Chart |