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CDA - Codan Limited

Country Lad

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Update to this apparent never ending upward trend.

Cheers
Country Lad

cda 27 Feb 13.gif
 
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Yeh has run a bit too hard too fast for my liking. Personally i wouldnt be surprised with a heavy drop when it goes ex div

As always though if you sell on valuation grounds the market will promptly show you how high it can go!

Happy days for holders
 

Country Lad

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Part of the interest may be its inclusion in the ASX300 Index which would have been anticipated. Quite a bit of movement in the index, 17 in all.

Cheers
Country Lad
 

Country Lad

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I sold on 14th when the sentiment appeared to turn. Missed the high the next day but them's the breaks.

Has failed in break from pennant and sentiment has dissipated, so we may see it being ignored for a while.

Cheers
Country Lad

cda 21 Mar 13.gif
 

aa2

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Damn only just became aware of this company last week
Wish it was 6 months ago

Very impressive fundamentals - earnings growth, high return on equity, falling debt to equity

Have I missed the boat ? Is their market large enough to continue the growth ?
 

prawn_86

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Has anyone not received their dividend yet? I believe the date payable was about 2 weeks ago but i havent seen anything yet, just wondeering if others are the same

Hit hard 9% down yesterday, no news from the co for the past 6 weeks
 
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Has anyone not received their dividend yet? I believe the date payable was about 2 weeks ago but i havent seen anything yet, just wondeering if others are the same

Hit hard 9% down yesterday, no news from the co for the past 6 weeks

Revenue coming from business with exposure to the commodities I'd say. Combined with the fact that the massive surge in price over the recent times helped many people to take profits in an attempt to free up funds for stocks which are becoming cheap in the market falls/just taking some risk off the table.

Got my eye on this one :D
 

ROE

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Has anyone not received their dividend yet? I believe the date payable was about 2 weeks ago but i havent seen anything yet, just wondeering if others are the same

Hit hard 9% down yesterday, no news from the co for the past 6 weeks

Yeah bank dividend a while ago yeah around 2 weeks ago ....direct credit is best ....else may get lost in the mail with the cheque.....nothing change in my view for CDA ....maybe some good opportunity coming up
 

skc

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Has anyone not received their dividend yet? I believe the date payable was about 2 weeks ago but i havent seen anything yet, just wondeering if others are the same

Hit hard 9% down yesterday, no news from the co for the past 6 weeks

May be the falling gold price means that metal detector demand will fall :D
 
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Also a real large line of shares went through last Friday: 7m. Someone getting out?..


Correct me if i am wrong.

I think the real cause of the sharp decline of the share price this week is due to the anticipated announcement of "Profit Guidance" in late April. For the last 2 years, this guidnance was release in third week of April (wednesday). However, so far they still have not released it.

Investors really worry about whether the company may downgrade its earning forecase for the year due to falling gold price. From my personal viewpoint, I do not think it is the case. The NPAT this year should hit 50m range which is more than the 40m range announced early in the year.

We will see..
 

chops_a_must

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A large breakdown, such as this one, is very rarely a good sign.

Off my watchlist for now.
 
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Just been promoted on my watchlist.
Earnings are not solely related to gold and regardless, prispectors arent going to quit prospecting en-masse because the price of gold is lower.

Despite the massive price run ovet the last few months it never got terribly expensice and is looking pretty good now i think:2twocents
 
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Earnings are not solely related to gold and regardless, prispectors arent going to quit prospecting en-masse because the price of gold is lower.

I'm with you.

But surely that is fairly obvious - which makes me think, what does the market know that I do not?...

When you are asking yourself this question it is usually best to find out the answer from the sideline

My :2twocents
 
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I'm with you.

But surely that is fairly obvious - which makes me think, what does the market know that I do not?...

When you are asking yourself this question it is usually best to find out the answer from the sideline

My :2twocents


I think the drop of gold price and the delay of major profit guidance announcement in April cause panic among investors. If you guys still remember, there is a sharp price drop before they released the half year accounts in Feb (drop from 2.9# to almost 2.3#).
 
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