CDA codan limited

2.84%

$20.26

CDA rerate price target $19.80, page-107

First 107 Last

Share
Profile

Follow
sausalito

67 Posts.

2

22/07/21

17:57

Post #: 54700403
Share

Originally posted by frontline1999: ↑

There's a lot to be said about a quality business that has earned a prime position in a portfolio. If it has got there on merit and if the business outlook remains favourable, then selling it is akin to a teacher reprimanding their star pupil for making the rest of the class appear dumb.

There are times when we all confuse business performance with the share price and vice versa, but the better we become at separating the two, the better our investment returns become.

Many underestimate the risk of selling a winner and using the proceeds to invest in other compan(ies) that subsequently underperform. Most fund managers fall into this trap. It's not that they are unaware of the risk, but rather that they are too afraid to underperform the benchmarks. They get judged on a quarterly basis (or monthly in some cases), so tend to be afraid of holding large positions (20%+) in a star stock that could underperform the market for large periods of the year. Fortunately, the private investor does not have to appease a myriad of stakeholders and their conflicting demands.

I try to operate my portfolios on meritocracy principles - every purchase is on the basis that the company exhibits the potential to reach the highest level and generate outsized returns. Most don't live up to their promise and my expectations (I'm predominantly on the hunt for multibaggers), so they get cut along the way. Those that do, typically exceed my expectations and account for 95% of the above-average returns.

Not too long now before the company reports. They'll either confirm that the business remains healthy and the growth strategy is on-track, or that things are less positive. Codan has already proven to be a quality growth company, in my opinion, so the odds are stacked in our favour that it will continue to be a star.

There's no certainties in this game, but a star business is the closest thing that I've found that can provide market-beating returns (15% CAGR) over the longterm (10+ years).

Expand

I'm sure we can expect a very good injection into their business report on the sales of their new GPX6000. Long waiting list of people wanting this new detector and extremely well received in the market. Defense always to follow later on.

CDA Price at posting: $17.14 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

PIQ

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

First 107 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
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)

CDA (ASX) Chart

CDA rerate price target $19.80, page-107

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Novo flags antimony and gold in the Pilbara – but does it need to step back?

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CDA rerate price target $19.80, page-107

Top Stories

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Novo flags antimony and gold in the Pilbara – but does it need to step back?

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News