CDA 1.97% $10.92 codan limited

Good point and analysis. Prior years growth appears to be...

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    Good point and analysis. Prior years growth appears to be bubble. If i remember correctly management treated this as a windfall "extraordinary results " with a special dividends. Smart management diversifired into communications. Unfortunately part of the business, is military and hence limited information is available other than the financial results. The nature of the business.
    $55 million NPAT will probably work out to a target of between $4.5 to $6 in the share price this is very rough cut . Still better than today of sub $4.
    Cheers and good luck
 
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