1) uncertainty in new ceo and how well he can lead the company
This was announced months ago.
2) uncertainty in how well the new product can sell, past results are very hard to beat
New products are better, so it should always sell better.
3) uncertainties over future of gold price and how that will affect Codan’s sales
This is always the case. The gold price goes up and down all the time.
4) uncertainties over where will the future growth come from, past results have been stellar and very hard to beat… certainly even harder with the new ceo coming in
Future growth will come from new products, and growth in its new acquisitions which it has already demonstrated is delivering with this mornings announcement.
5) uncertainties over how much pricing power codan has over competitors given they are already expensive and material cost are going up so that will hurt margins too
Increasing costs due to inflation affects not just codan but all its competitors too.
CDA Price at posting:
$10.95 Sentiment: Buy Disclosure: Held
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(20min delay)