CDA - Codan Limited

[Dona Ferentes]

Trust me, it will either go up, or down, or stay about the same.

time frame?

(daily / weekly / monthly will suffice, as an answer)

 

[galumay]

Take your choice, its correct for all timeframes.

 

[frugal.rock]

Up
Down
Daily
Event
Ranging

Cagr
Rsi
Atar
Parabolic

 

[galumay]

See, I was right.

 

[finicky]

Sold 2,000 @ 18.53
Excruciating for a buy and holder temperament
I wanted to hold off selling till the FY26 tax year
Keeping cash level up for a crash sometime
Codan I believe is overvalued. Piddling yield at this price

Holding

 

[galumay]

Noted.

 

[finicky]

CDA @ 19.05 intraday.

Fresh 52 week high, closing in on its all-time high of 2021 (not shown) at which time back it peeled off into a massive eyeball rupturing plunge, lol.
Still 'overweight' but waiting out the FY25 CGT year.

DAILY

 

[galumay]

Suspect its my best performer this year, up nearly 100%.

 

[galumay]

Hit the lobster today, is that an ATH, @finicky?

 

[finicky]

If only we could have fully believed the evidence our own eyes when the share price collapsed to below $4 less than three years ago @galumay. Hard going against the market when spooked.
Yes, all-time high in closing prices using daily periods, with the weekly and monthly (shown) closes yet to confrm. June is dicey obviously; finger suspended for the new financial year. Luckily for my intentions Codan doesn't do late earnings guidance updates if I recall rightly.
The chart, you'll be eager to hear, is still looking positive to me, no sign of weakness yet except for momentum indicators and volume slacking off a bit.

Held
Reduce

MONTHLY All Data

 

[galumay]

Not to boast, (narrator - "he is boasting."), I initiated a position in my SMSF a bit over 3 years ago when it dropped to the mid $5 range, so while I didn't pick the low, I didn't miss by much.

I suspect it was easier for me as I already held in my PA & I had ridden it from sub $1 to $19. I had seen it drop from $4 to sub $1 before I bought, so I was somewhat conditioned to the volatility that is a result of holding businesses for long periods of time.

 

[finicky]

I initiated a position in my SMSF a bit over 3 years ago

Knew you couldn't resist, lol

 

[finicky]

$20.26 strong volume
Concluded the week with a bang on the intraday high and that's the weekly close all time high.
Holders await the monthly close (and EOFY). Can it last.

Held
Reduce

 

[finicky]

Can it last.

No - but first glimmer of hope for a while. Today's modest volume candle opened lower than the close of the prior trading day but finished above the mid-point of the prior day. It fits the description of a 'piercing line'candlestick. Bullish in a downtrend. Not much volume though, as said, and too early to call.

AI
"A piercing line candlestick pattern is a bullish reversal pattern that appears after a downtrend, suggesting a potential shift from a bearish to a bullish trend. It consists of two candlesticks: a long bearish (red/black) candle followed by a bullish (green/white) candle. The second candle opens lower than the previous day's low and closes at least halfway up the body of the first bearish candle, ideally above its midpoint. This pattern indicates that buyers are starting to overcome the selling pressure and could lead to an upward price movement."

Held
Reduce

DAILY

 

[finicky]

Kicking on, hard to decide..
Volume too low but momentum has room to move up.

Held
Reduce

DAILY

 

[finicky]

Sold 1,000 @ 19.82

Held
Reduce


15 minute chart

 

[Garpal Gumnut]

Sold 1,000 @ 19.82

Held
Reduce


15 minute chart
View attachment 203999

You are in very good company @finicky selling.

Quote : "My biggest winner has been Adelaide-based Codan (ASX: CDA), who do metal detection and communications equipment globally. It’s a great business, but I did sell down recently as the valuation has gotten very stretched in my view, and I switched this capital to a couple of other positions that are offering better projected returns."

Meet Steven: Hunting for great companies using data and peer-led wisdom

Steven Mabb shows how leaning on a trusted peer network helps him filter noise, sharpen decisions, and stay ahead.

www.livewiremarkets.com

gg

 

[finicky]

Sold 1,000 @ 20.65

Held
Possibly reduce further
Or might wait for FY25 results in late Aug?

15 Minute

 

[finicky]

AI Overview

"Codan Communications Australia is generally considered a good business, particularly within the context of the broader Codan Limited group. It has a strong reputation for quality, reliability, and customer satisfaction, with a history of innovation in communications solutions for challenging environments. The company has shown consistent growth in both its communications and metal detection segments, and its acquisitions have been strategically sound. However, like any business, it faces some risks, including cyclicality in its hardware sales and geopolitical uncertainties.

Here's a more detailed look:
Strong Financial Performance:
Codan has demonstrated strong financial performance in recent years, with increases in both revenue and profit, particularly in its communications division.

Strategic Acquisitions:
The company has successfully integrated acquired businesses like Zetron and DTC, which have contributed to its growth and diversification.

Growth in Key Areas:
Codan's communications division has seen strong growth, driven by its Tactical Communications solutions, and the company continues to invest in its business development and engineering teams.

Reputation and Experience:
Codan Communications has a long-standing reputation for quality and reliability, with over 60 years of experience in providing communications solutions.

Risk Factors:
While Codan is a strong business, investors should be aware of potential risks, such as cyclicality in hardware sales (particularly Minelab) and the impact of geopolitical factors on its business.

Long-term Strategy:
Codan's management is focused on strengthening the business for sustainable, profitable growth, with a focus on communications solutions as a core driver of future growth"

 

[finicky]

@ 21.64 up 3.3%
Breaking up to a new all-time high today on low volume.

Held

DAILY