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CDA - Codan Limited

Codan hanging in there even on a not so tariffic day - get it? .. hawhaw ..
Reported H2 on 16 Feb last year and no signs of the cognoscenti moving to the exits yet.

 
The scary part is down the bottom right hand corner, fair value 11.09 .
Mick

Really just shows how idiotic people like Morningstar are. How could anyone calculate a fair value down to the exact cent.? Moronic.

My very conservative dirty DCF valuation range is $10-12, but I think the quality of the business gives a bit more margin of safety. I am not accumulating at current prices, but given my cost price varies from round $1to round $6 I am certainly not a seller either!!
 
Weird that my dodgy arse, back of the envelope, valuation should be similar to your highly sophisticated, professional and ADVANCED technique!
 
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