Agreeing with you a 30% margin result on the metal detectors makes CDA interesting . As long the radio business continues to grow.
At a p/e of 12 , similar to yourselve do not see $2 share price but I do see $1.60 again in a mid term range, and at a 50% dividend rate, a nice return as a hold with a purchase at 70 cents or below.
I actually expected a series of write-offs(clear out the junk etc) at the full year. Unless they hiding it somewhere, then well done for selling even at a low margin. Interesting to see the impact of the planned low cost models.
Also interesting apart from several dips 70 cents appears to be a very support as the share price consolidates.
segment result, page-3
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Last
$14.79 |
Change
0.040(0.27%) |
Mkt cap ! $2.685B | |||
| Open | High | Low | Value | Volume |
| $14.89 | $14.98 | $14.66 | $4.495M | 302.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1301 | $14.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.88 | 1504 | 4 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CDA (ASX) Chart |