Enjoyed your posting and the analysis is good. The new business is 'new'(how many fund managers understand selling miltarty hardware ) and as a fund manager i would differently take money off the table simply because its new, i do not understand and better to wait and see.
For me being a retail investor with a bias towards regular recurring dividends. Todays fall for me was part of the Codan journey , its not the first time that Codan has tumbled. With revenue similar to the prior half the dividends look good, i am on a 20% plus yield similar to all those ten year plus holders.
Fortunately one of my portfolio management rules is, if the market value of a stock becomes more than 15% of the total value take money off the table . At the top of the curve i sold. To bring the holdering back to the 15%
Maybe even with safe stocks need rules. Nothing appears to be guaraanteed anymore.
Cheers and good luck
CDA Price at posting:
$10.95 Sentiment: Hold Disclosure: Held
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