This is my simple maths which lacks any serious financial analysis. Update suggests profit after tax will be 1H $31m,divide by 181m shares on issue comes to eps .17 cents. If they can maintain last years 1H and 2H div total .28 cents FY thats paying 5% FF at $5.60 with great communications growth potential.imo only. If codan has confience in business/revenues 2H and going into FY24 then 1H div .13 cents possible same as 1H22 imo only..I would also be happy with .10 cents if CDA feels they have potential add on communication acquisitions which they have previously suggested and imo there would be plenty. Debt down to .$61m which means nothing by its self but they felt it was worth mentioning. Great update imo.
CDA Price at posting:
$5.32 Sentiment: None Disclosure: Held
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.I would also be happy with .10 cents if CDA feels they have potential add on communication acquisitions which they have previously suggested and imo there would be plenty.
(20min delay)