CDA 1.98% $10.79 codan limited

Looking at these guys for the 1st time they definitely fall into...

  1. 88 Posts.
    lightbulb Created with Sketch. 26
    Looking at these guys for the 1st time they definitely fall into the "value investor" category. There are so many positives that you could probably buy around current price and still make a nice little profit in a few years time, but by holding out to see if there is another market drop in 2023 (which majority of analyst are predicting) then you would likely be able to buy with a decent margin of safety ~$1- $1.50 cheaper.

    This company has been paying a fully franked dividend for years, they have had consistent revenue growth since 2014, they always maintain a healthy profit margin with double digit return on equity since 2016 and have manageable well utilised debt. To top it off 3 from the management / directors team have made on market acquisitions at current prices and higher within the past 12months totalling over $500k, which spells bullishness.

    These guys are on a watchlist for me now and similar to @Kronecker mentioned I think there is great buying opportunity here but to give myself a nice safety buffer zone I'll be waiting to see if price gets down to ~$3.00.
 
watchlist Created with Sketch. Add CDA (ASX) to my watchlist
(20min delay)
Last
$10.79
Change
0.210(1.98%)
Mkt cap ! $1.946B
Open High Low Value Volume
$10.63 $10.79 $10.63 $258.3K 24.08K

Buyers (Bids)

No. Vol. Price($)
18 1320 $10.78
 

Sellers (Offers)

Price($) Vol. No.
$10.79 992 3
View Market Depth
Last trade - 10.54am 07/05/2024 (20 minute delay) ?
Last
$10.74
  Change
0.210 ( 1.97 %)
Open High Low Volume
$10.63 $10.81 $10.63 7350
Last updated 11.11am 07/05/2024 ?
CDA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.