Congrats. Codan For a great half. Generally turn a rounds do not work, and team codan managed to do it. Despite the mess of the previous year collapse of the African business and the slowness of the radio business to kick in and the massive sell down. The business most probably was very close to being sold for a $1 to a hedge fund.
Balance Sheet still not good ,inventory,debt and intangibles still high.
Minelab sales still weak, I thought an African office would be in Africa not in the gulf .Maybe Kenya, if the competition is all over Africa why would you not have an Office in the same street.
I wonder what happen to the mass market(wall market crowd)price model.
Eager awaiting now the full results to see if 150 million mark on turnover, is realistic in its turn around story
Congrats and cheers
CDA Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
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