I'm totally happy with the numbers. I would have liked 13M+ but I'll take the 12.5M...7 days a week.
What a crap time to release. It's the market and dare I say it...low volume. Less than 2% of the shares are trading after such a positive event. This is the small retail investor spooked. I would have been with them but, there's NOTHING wrong with this company. Only 7 stocks in the ASX 200 are up today.
The company has did everything right.
-The shocker for me was the balance sheet. I thought they'd trim it a bit...They paid off 18M! This is a financially sound and strong company now.
-Minelab. 70% over last half says the GPZ 7000 is selling well. That's all I needed to hear.
-I was hoping for more revenue growth especially for radio but, it was still up as they're early in the new product cycle.
-With it's strong financial position it can do things some other weak companies can't. Make a acquisition at a decent price. Invest more into it's current businesses etc.
-I also like the gold bet...as the world market's get scared...the price of gold will go up. This only helps Codan sell more detectors.
-This stock will trade at a P.E of 25-30 in the next 6 months.
Right now the stock trading at a PE if 13. That's just silly. The company is profitable and growing it's earning at 30-40%. The company also has low debt. Think about it this way. 6 months ago wouldn't you have loved the company to has these full year results? The company is now trading only 15 cents higher than it was then!! What a bargain!
As Warren Buffet says..."Be fearful when other are greedy and greedy when others are fearful."
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codan limited
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$19.89

I'm totally happy with the numbers. I would have liked 13M+ but...
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Last
$19.89 |
Change
-0.235(1.17%) |
Mkt cap ! $3.615B |
Open | High | Low | Value | Volume |
$20.17 | $20.21 | $19.68 | $4.440M | 222.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 976 | $19.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.89 | 129 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 864 | 19.880 |
32 | 1247 | 19.870 |
12 | 836 | 19.860 |
5 | 568 | 19.850 |
6 | 572 | 19.840 |
Price($) | Vol. | No. |
---|---|---|
19.890 | 129 | 10 |
19.900 | 229 | 6 |
19.910 | 312 | 3 |
19.920 | 314 | 3 |
19.930 | 761 | 5 |
Last trade - 15.42pm 25/06/2025 (20 minute delay) ? |
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CDA (ASX) Chart |