CDA - Codan Limited

[Country Lad]

On the move this evening so won’t be able to post a chart.



gg

Hitched up the caravan for a trip @Garpal Gumnut?

 

[frugal.rock]

Unnamed "expert" forecast.
Missing a timeframe component. No idea how they have arrived at this estimation.
?

 

[galumay]

Make it up as you go! Good find frugal.rock

 

[frugal.rock]

Make it up as you go! Good find frugal.rock

Actually it seems most brokers are in agreeance? From elsewhere...

 

[galumay]

I dont think you need to be a broker or analyst to work out CDA is currently under valued. The bit that always amuse me is how they have such precise calculations of value - $13.70, $12.06, $13.64, $24.69, $7.54 !!

I am reminded of Charlie saying that its better to be roughly right than precisely wrong.

​

 

[frugal.rock]

I am reminded of Charlie saying that its better to be roughly right than precisely wrong.

 

[divs4ever]

damn , and i thought i was being clever using the Bob Newhart method of accounting

( the Retirement Party skit reference )

 

[Garpal Gumnut]

damn , and i thought i was being clever using the Bob Newhart method of accounting

( the Retirement Party skit reference )

If it's good enough for @divs4ever I'll have it in the May comp.

It has been sold down to ridiculously cheap levels after it's founder and MD McGurk retired. They make good gear for finding Gold.

Now an International outfit.

All manner of useful electronic gismos which sell to muppets such as I.

gg

 

[peter2]

Noticed a couple of HVBBs recently. Much stronger than the market.

Eagerly awaiting confirmation from the "bouncey, bouncey " indicator.

 

[Garpal Gumnut]

Noticed a couple of HVBBs recently. Much stronger than the market.

View attachment 141519
Eagerly awaiting confirmation from the "bouncey, bouncey " indicator.

This is a difficult one Peter.

I always need to be careful that I'm not knife catching with stock such as CDA.

I've lowered my bet on CDA from 1/2 a big one to 3 and one half small ones and will push forward the other $46,500 when some news of a takeover/ Ukranian shareholding, or some other blessed event for CDA comes via the usual suspects.

Thus far I'm losin' some winnin's as we used say at Poker school with close money management but have Great Expectations as Dickens prophesied.

Live and let DY.....OR, sorry DYOR seems to have crept in to ASF. I do dislike it.

Oh and BYO. lol. As my TA (Trading Account) is suffering.

I'd love to be the barrister for ASIC prosecuting those very important hundreds of thousands sages of advice. "and now Mr. Poster what exactly does DYOR mean ".

In summary, even though CDA now may be a dart pick, I've seen worse dart picks.

gg

 

[mullokintyre]

CDA put a sort of guidance for the year.
It says that

While the timing of project sales or unforeseen challenges in supply chains could still impact revenues and profitability as we approach the end of the financial year, the Board is expecting the record FY22 first half profit of $50 million to be matched in the second half of FY22. This will result in a record FY22 full year profit.

Still puzzles me why this has fallen so far, but hey, you never argue with Mr (or Mrs, or Miss, or they, ...) Market.
Mick

 

[Dona Ferentes]

the face of modern warfare. The Info pack is quite instructive

MILITARY / DEFENCE MARKET

Paradigm shift in battlefield information requirements
• Consider Ukraine as an unfortunate ‘live’ example
• Dynamic Situational Awareness is a key success factor
• Live Troop positions, Video footage from Drones for situational awareness
• >10 times the information traffic is required

How is Codan | DTC technology applicable?
• Software Defined Radio is a Core Technology within Codan & DTC
• Waveform enhancement is decoupled from Hardware change
• Multiple waveforms can be implemented in one platform
• Each waveform targeting different military applications

Codan | DTC Mesh offers
• Mobility, IP, Video, Voice and Position Data from one radio
• Product offerings with MIL-STD compliance

 

[finicky]

As @mullokintyre has noted, strong profit guidance update. Price is deservedly up 11% intraday.

 

[Garpal Gumnut]

A bit of a way to go to catch @Dona Ferentes with AR1. A good start today with CDA in the green, with 8d to go in the May Competition.

gg

 

[Dona Ferentes]

good to see you being/ feeling positive, @Garpal Gumnut

And I'm sure @Sean K will back me up, but Codan equipment was the comms of choice in Cambodian peacekeeping times , now some 30 years ago

 

[Dona Ferentes]

A good start today with CDA in the green, with 8d to go in the May Competition.

6 and a half

EDIT: I only feel alive when markets are open

 

[Garpal Gumnut]

6 and a half

I KNEW you would say that.

gg

 

[finicky]

Some Sudan background and a viewpoint from Claude Walker fwiw (not much in my opinion. I did not renew my paid subscription because of his smug lefty superior morality, hatred of Trump and support of vax mandates. Insufferable political tone. He ballsed up buying into XRO much too early btw.)

Why I Bought Codan (ASX: CDA) Shares - A Rich Life

Codan's Minelab detection business has gone into reverse, but the share price may now compensate for that headwind.

arichlife.com.au

 

[galumay]

I think its getting pretty compelling at that sort of price, @mullokintyre
The only question for me is about the level of trust in management with their narrative about the impacts on FCF. I am pretty comfortable with it given their history with the business. I think the market struggles with taking a longer than 3 month view of business! Increasing inventory & Capex seems prudent to me given the disruptive effects of the last 2-3 years, but of course we wont see the benefits for some time.

Topped up my holding in the personal PF, its just too compelling at sub $7. Well below my range of value and a significant margin of safety. One of the best businesses i own.

Probably should have been more aggressive in allocating capital, at least i did add to my position. The turnaround in FCF was quicker than I expected, just further confirmation of what a good business it is.

 

[finicky]

Seems a bit cheap now, maybe Don McGurk is selling the rest after that chunk he disposed of at the top.
Tempted to start buying back in but I don't have an adequate cash reserve for the next dumpster wave as it is. Surprisingly, Codan has given back all its gain since strong fy22 guidance was given.

Held

Daily