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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CDA
codan limited
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$20.61

I'm totally happy with the numbers. I would have liked 13M+ but...
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Last
$20.61 |
Change
0.030(0.15%) |
Mkt cap ! $3.742B |
Open | High | Low | Value | Volume |
$20.38 | $20.67 | $20.32 | $5.193M | 252.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1053 | $20.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.61 | 626 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1053 | 20.500 |
2 | 1098 | 20.490 |
1 | 973 | 20.460 |
1 | 796 | 20.430 |
1 | 2000 | 20.400 |
Price($) | Vol. | No. |
---|---|---|
20.610 | 626 | 2 |
20.650 | 2500 | 1 |
20.670 | 767 | 2 |
20.680 | 2500 | 1 |
20.750 | 2165 | 2 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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