CDA 1.85% $15.95 codan limited

Ann: Change of Director's Interest Notice, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,538 Posts.
    lightbulb Created with Sketch. 746
    Sure, price can do anything in the short term. But it's the long term price that matters most for investors. The long term price will be governed by the fundamentals and financial performance of a business. If these are strong, then the SP will be strong in the long run. To me, Donald's option exercise signals to me that he is of the belief the future fundamentals and financial performance of Codan will be strong. It signals to me that even at $16.34 he is of the belief that the SP is of good value when compared to these fundamentals. And for me, I believe Donald, as CEO, is in the best seat to come to this assessment. For me, that provides me huge confidence.

    So as far as the fundamentals and future fundamentals of a business is strong, a short term price downturn could actually be an investor's friend, and an opportunity to increase one's position.

    Of course if you are a short term trader/speculator, then the above is not applicable, and in this case I don't have any comments other than to say you probably have a similar chance of profiting at the roulette table in the casino.
 
watchlist Created with Sketch. Add CDA (ASX) to my watchlist
(20min delay)
Last
$15.95
Change
0.290(1.85%)
Mkt cap ! $2.895B
Open High Low Value Volume
$15.97 $16.02 $15.55 $2.708M 169.7K

Buyers (Bids)

No. Vol. Price($)
1 879 $15.94
 

Sellers (Offers)

Price($) Vol. No.
$16.00 1070 2
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
CDA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.