The first quarter of FY13 has seen the continuation of the strong business conditions experienced by Codan in the second half of FY12, with the metal detection division and gold detector sales in particular, performing strongly. Given the continued strength of our business, it’s likely that we will post a very strong net profit after tax result for the first half. The Board is of the view that net profit after tax should reach $25 million dollars for the first half, which will be more than double that of the first half last year and will be the highest half year profit number in the company’s history.
Well picked ROE.
From the chairmans report (my bold):
And targeting 40%
higher for the FY overall next year.
I assume u got some then when you message me and
I said 140 is a bargain?
Keeps on pushing higher. Closing on a high and up another 6% on the back of a down day for the overall market.
Would love a chartists view of the current position, i would have thought a pullback would be needed soon
Has been kind and generous to me and looks ready for another break.
Up nearly 5% so far this morning. Great call
Half yearly should be out soon. It's probably why the SP is having a run.
At this level it better be a cracker of a result...imo.
I've noticed a few stocks putting on big runs in the second half of 2012 on the back of strong June results... only to hit a bit of a wall when they provide market update.
So at this level it's a hold for me unless you are quite certain about the upcoming report.
Still grining higher with big volumes going through Friday and today.
Im at work so dont have my normal platform, but average volume looks to be 150 - 200k per day yet Friday had 1.5m and today has had 500k already...
The figures I have is that volume on Friday was 510,000 and that average daily volume (past 21 days) is 396,000.
Half-year highlights:
● Highest half-year profit in the company’s history
● Interim dividend increased by 50% to 6.0 cents
● Continued strong growth of metal detector sales
● Tough business conditions in Radio Communications, but a major product release achieved
● Successful acquisition of land mobile radio business and related capital raising
● Minetec business continues to transition to a technology solutions supplier to the mining industry
● Second-half profit for FY13 expected to be as strong as first half
I still hold lots
................Good to see also that they are forecasting the same again for the 2nd half
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