But certainly metal detectors should do better with a higher gold price. It is shocking that their HY segment earnings will be the lowest half since H2 2016. Gold prices have been great. Nothing like the POG from 2013 to 2019. So it seems either the market is out of whack, or saturated with (pulled forward sales of) detectors, or metal detecting hasn't paid off for the buyers, or there is a competing system out there taking market share, or something else. Any comments welcome about that. The outlook might improve with USD gold going up - but it hasn't really been hit, especially with the USD very strong. Maybe Minelab needs to reduce prices?
Also Radio is showing growth with the acquisitions doing what we were told they would do. But considering there is a war going on, and security issues are heightened across the world with Russia and China up to no good, shouldn't there be more business coming through? I expected boom times when Russia invaded Ukraine. The orderbook is not really reflecting much of an uplift considering we should be in boom times, and the AUD is weak. What happens if the security situation improves significantly? Comms earnings have been very volatile over the years. Governments are stretched for funds. Is the private sector going to pick up the slack?
I don't think management is a problem with CDA. But maybe the markets are not demonstrating the demand that we are hoping for to get the SP to recover in a hurry. It might be a matter of waiting for Minetec and Comms to be hot at the same time to get back to near past highs. It might not happen in any hurry. Maybe the CEO resignation was a sign of how the business is positioned at the moment.
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CDA
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$20.26

But certainly metal detectors should do better with a higher...
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Last
$20.26 |
Change
0.560(2.84%) |
Mkt cap ! $3.678B |
Open | High | Low | Value | Volume |
$19.59 | $20.26 | $19.57 | $23.65M | 1.170M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5420 | $20.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.27 | 965 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 19.500 |
1 | 280 | 19.400 |
1 | 35 | 19.120 |
1 | 2000 | 19.050 |
1 | 158 | 18.850 |
Price($) | Vol. | No. |
---|---|---|
20.290 | 1000 | 1 |
20.360 | 15 | 1 |
20.420 | 1222 | 1 |
20.500 | 1112 | 2 |
20.560 | 1000 | 1 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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CDA (ASX) Chart |