CDA - Codan Limited

[finicky]

I worry about that

 

[Garpal Gumnut]

I worry about that

At least you don't ever say those four letters of doom.

DYOR



gg

 

[finicky]

Chart's dodgy now but couldn't resist a bid for 1,000 more @ 6.05

Just got filled, yippee pprice now $6.00
Not exceptional negative volume but a new 12 month low. Hard not to believe Garpal isn't right about an unannounced hidden problem lurking.

Maybe in a future gold bull market and resurgent buying of metal detectors I'll be cruising on CDA dividends. Hopefully also another war or two for land mine detectors and field communications. Throw in some El Nina floods and wildfires too for emergency services land radio products demand.

 

[galumay]

Bought some more today, averaging up is never easy and I spent a lot of time thinking, researching, analysing and writing before I developed enough conviction!

 

[qldfrog]

Bought some more today, averaging up is never easy and I spent a lot of time thinking, researching, analysing and writing before I developed enough conviction!

Offliaded mine today after loss

 

[finicky]

Offloaded mine today after loss

Sorry to hear that. I've given up trying to interpret the chart of CDA after recent discouragements. Probably to the relief of some.
Codan not all that long ago was very overvalued at $19, or whatever it was, and we discussed that candidly here as holders. At an earlier time it was massively undervalued at around 50c, mostly due to fears over Chinese Minelab counterfeiters I suspect. My hope now is that there is nothing too bad being concealed but I won't be adding again until the chart is showing strength. This is one of the more harrowing stock price collapses I've been through.

Held

 

[sptrawler]

My hope now is that there is nothing too bad being concealed but I won't be adding again until the chart is showing strength. This is one of the more harrowing stock price collapses I've been through.

Held

You haven't lived, until you have ridden a couple into the ground.
I thought ION was a winner, won the contract to supply engines to Holden, what could go wrong??
Codan have been around for a long time, they should know the ropes and adjust to market.

VE NEWS: Holden defends local content

Holden boss hits back at reports Commodore is using fewer Australian parts and suppliers, reports IAN PORTER.

www.smh.com.au

GMH has also been a victim of poor management in the parts industry. A key supplier to its engine operations, Ion, collapsed and went into administration last year even as it was building a new plant to start making aluminium engine blocks for Holden.

As a result of the Ion collapse, Holden has been forced to import engine blocks, and also cylinder heads, for the V6 engines, sharply cutting the local content of the motors, and the car.

 

[galumay]

Offliaded mine today after loss

Sorry to hear that mate, take good care of my hard earned cash there!

 

[InsvestoBoy]

Sorry to hear that mate, take good care of my hard earned cash there!

dear lord, please post your size/price/timestamp, I feel like if two ASF members actually verifiably crossed in the book that would be the greatest thing that ever happened on this forum.

 

[galumay]

$5.68 3508 shares. Commsec doenst have a time stamp, but pre-open or open as the order was placed after close y'day.

 

[qldfrog]

$5.68 3508 shares. Commsec doenst have a time stamp, but pre-open or open as the order was placed after close y'day.

mine triggered by SL trailing sell:
1600@5.51

 

[galumay]

Oh well, no fairy tale there then! Sorry @InsvestoBoy

 

[KevinBB]

Sorry to hear that. I've given up trying to interpret the chart of CDA after recent discouragements. Probably to the relief of some.
Codan not all that long ago was very overvalued at $19, or whatever it was, and we discussed that candidly here as holders. At an earlier time it was massively undervalued at around 50c, mostly due to fears over Chinese Minelab counterfeiters I suspect. My hope now is that there is nothing too bad being concealed but I won't be adding again until the chart is showing strength. This is one of the more harrowing stock price collapses I've been through.

Held

Are you old enough to remember HIH? It was the first equity purchase in my newly started SMSF in about 2000.

Its long ago to laugh about now, but will never forget that one.

KH

 

[frugal.rock]

dear lord, please post your size/price/timestamp, I feel like if two ASF members actually verifiably crossed in the book that would be the greatest thing that ever happened on this forum.

In disarray I findeth this exclamation, your Eminence, for surely thou presence amongst our midst 'tis by far the most noblest of events? ?

 

[InsvestoBoy]

Oh well, no fairy tale there then! Sorry @InsvestoBoy

I continue to live in hope.

 

[finicky]

Any views on current price upticks?
I thought of the long downtrend in Whitehaven Coal (WHC) the other day, I hope there is an analogy to be made. That relentless downtrend in WHC, where the price had deteriorated to a such degree that it didn't make sense against what seemed to be fundamental considerations, e.g - just for two, that WHC did little business with China and therefore should not be greatly affected by CCP sanctions, or that appetite for coal was rising not stalling. But the miserable chart imposed a tyranny on my mind which is not a naturally contrarian one. Even when the chart showed signs of reversal and then actually did reverse I felt the market knew something I didn't.

 

[galumay]

No view on current price, now I have finished buying! Ask me in 5 years.

The only analogy with WHC I can draw is that like CDA at $18, anyone buying at current prices is going to get rekt, (for different reasons).

 

[finicky]

Tacked on 500 shares today. If galumay has gone wild and thrown caution to the winds it must be time to buy.
Contradicts what I said earlier about waiting for a strong chart signal. About all that's happened is that price peeked ourside the best fit downtrend yesterday after an indecisive day. Also some mild momentum divergence.
My analogy to WHC was just from a recent experience of doubt and hesitation when the market relentlessly disagrees with my valuation.

 

[finicky]

A mad scramble for Codan shares today.



3 Mth Daily

 

[Garpal Gumnut]

So what’s the go with CDA @finicky and @InvestoBoy.

A bit of movement this month.

I’m still watching it.

gg