Last time Codan traded at this price on the way up was August 2020... If we look at the HY2021 presentation, we can compare the difference.
2024 2021 1 Revenue 266M 195M 2 EBIT 54M 60.7M 3 NPAT 38M 41.3M 4 EPS 20.9CPS 22.8CPS 5 Revenue from Communications 153M 34M 6 Revenue from metal detector sales 110M 155M
Obviously the margin is much higher in metal detector sales but communications is a much more robust/stable business with recurring cashflows.
It is pleasing to see the following:
1. Codan is a much diversified business now with more stable and multi source revenue streams
2. CEO is fitting in with the company, more importantly, I think the culture of Codan makes it less relevant to whom the CEO is... the BoD seems to have a clear direction on the way the company is heading
3. Metal detector sales seems to pick up again, if it does indeed pick up significantly from here and communications department growing at their intended rate, we will see a re-rating of Codan.
4. Great to see them making sensible, small yet meaning acquisitions to grow the company without taking on much debt. Remember Minelab used to be a small acqusition too and look how big it has grown,
- Forums
- ASX - By Stock
- Ann: FY24 Half Year Investor Presentation
Last time Codan traded at this price on the way up was August...
-
-
- There are more pages in this discussion • 16 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
|
|||||
Last
$14.87 |
Change
0.470(3.26%) |
Mkt cap ! $2.696B |
Open | High | Low | Value | Volume |
$14.43 | $14.96 | $14.23 | $11.72M | 799.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 160 | $14.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.87 | 765 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 160 | 14.800 |
1 | 5454 | 14.650 |
1 | 400 | 14.520 |
1 | 2000 | 14.500 |
1 | 70 | 14.300 |
Price($) | Vol. | No. |
---|---|---|
14.950 | 225 | 1 |
14.970 | 668 | 1 |
14.980 | 1446 | 2 |
14.990 | 767 | 2 |
15.000 | 3402 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CDA (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online