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CDA - Codan Limited

galumay

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I dont disagree with most of that finicky, certainly wouldn't be a buyer at current prices. My average is under $1.30 so I am happy to keep holding a fair position - although I have reduced a couple of times. One of my main metrics these days is ROIIC & CDA has very solid numbers which gives me some comfort. The last time I did a back of the envelope valuation my range was around $8.60.
 
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New all time high today, bizarre. Has literally gone exponential on a long term chart. In spite of what I've said previously, I'm tempted to sell half my holding if CDA holds these gains into the new financial year.

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Sold half today (5,000 shares) @ 16.89

Got scared by the chart and as said previously, I believe it is a great company that is overvalued. Don McGurk selling didn't help and I need the cash since I no longer have a surging CHN share price to rely upon for cashing up.

Held

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With a gold chart like this though, gold detector sales should be well up YoY.
Not new news though. (Christmas & Easter are the dominant sales times, there's always big nuggets being found in time to advertise them before the sales 😅)
Depends on the other side of the business and that it hasn't dragged, and, the dividend factor?

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With a gold chart like this though, gold detector sales should be well up YoY.
Not new news though. (Christmas & Easter are the dominant sales times, there's always big nuggets being found in time to advertise them before the sales 😅)
Depends on the other side of the business and that it hasn't dragged, and, the dividend factor?

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The new GPX6000 that was released a few months ago is apparently selling very well, though I must say it is a annoyingly noisy machine, having tried it on heavy mineralised ground here in Victoria 🙂
 
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The new GPX6000 that was released a few months ago is apparently selling very well, though I must say it is a annoyingly noisy machine, having tried it on heavy mineralised ground here in Victoria 🙂
Vic GT eh?
Brings back memories.
RIP Jim Stewart.Laancoorie legendary nice guy.
Say g'day to Wombat 😁

Last time in Vic I got bogged in the Whipstick, not happy Jan.
Plenty of clay hotspots there, has you digging nothing, grrrr🤪

No smoother timings for the GPX6000 ?
Must be some reasonable trade off for depth over noise? Different coil perhaps? Ground moisture levels? Dunno, just guessing.
(On my 2nd 4500 and had the 5000 for a while, started on SD2100.)

Love Minelab, no opinion on Codan.
Just the "new" custodian. I'm getting old!

My huge gold collection...

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Wow FY21 reporting ROE of 36%
Almost zero debt despite spending $174 on acquisitions
News is being sold this morning though, still very over-priced as discussed
Losing Don McGurk in 9-12 months so he'll be able to flog off more shares.
Everything jumped except tactical comms - down 8%. Land Mobile Radio had record year though.

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galumay

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Yes, @finicky I think everything was baked in the price already and then some, also MD leaving and a down day in the market generally, I expect it may well drift lower in medium term. Will be interesting to see how H1 2022 pans out for the expanded business.
 
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