CDA - Codan Limited
- Thread starter Trader Paul
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Country Lad
Off into the sunset
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Update to this apparent never ending upward trend.
Cheers
Country Lad
Cheers
Country Lad
prawn_86
Mod: Call me Dendrobranchiata
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Yeh has run a bit too hard too fast for my liking. Personally i wouldnt be surprised with a heavy drop when it goes ex div
As always though if you sell on valuation grounds the market will promptly show you how high it can go!
Happy days for holders
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It's still only on 11x forward earnings. Not overvalued, IMO.
Country Lad
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Part of the interest may be its inclusion in the ASX300 Index which would have been anticipated. Quite a bit of movement in the index, 17 in all.
Cheers
Country Lad
Cheers
Country Lad
Codan recently lost head of communications division, Kevin Kane, to a much larger privately owned US competitor, Datron World Communications Inc. Pretty damn good promotion if you ask me, from head of division to President and CEO of US company. He must be an impressive guy.
http://www.marketwire.com/press-rel...adership-change-with-kevin-j-kane-1767640.htm
Perhaps helps explain recent sharp pullback.
http://www.marketwire.com/press-rel...adership-change-with-kevin-j-kane-1767640.htm
Perhaps helps explain recent sharp pullback.
Country Lad
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I sold on 14th when the sentiment appeared to turn. Missed the high the next day but them's the breaks.
Has failed in break from pennant and sentiment has dissipated, so we may see it being ignored for a while.
Cheers
Country Lad
Has failed in break from pennant and sentiment has dissipated, so we may see it being ignored for a while.
Cheers
Country Lad
Damn only just became aware of this company last week
Wish it was 6 months ago
Very impressive fundamentals - earnings growth, high return on equity, falling debt to equity
Have I missed the boat ? Is their market large enough to continue the growth ?
Wish it was 6 months ago
Very impressive fundamentals - earnings growth, high return on equity, falling debt to equity
Have I missed the boat ? Is their market large enough to continue the growth ?
prawn_86
Mod: Call me Dendrobranchiata
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Has anyone not received their dividend yet? I believe the date payable was about 2 weeks ago but i havent seen anything yet, just wondeering if others are the same
Hit hard 9% down yesterday, no news from the co for the past 6 weeks
Hit hard 9% down yesterday, no news from the co for the past 6 weeks
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Revenue coming from business with exposure to the commodities I'd say. Combined with the fact that the massive surge in price over the recent times helped many people to take profits in an attempt to free up funds for stocks which are becoming cheap in the market falls/just taking some risk off the table.
Got my eye on this one
Yeah bank dividend a while ago yeah around 2 weeks ago ....direct credit is best ....else may get lost in the mail with the cheque.....nothing change in my view for CDA ....maybe some good opportunity coming up
skc
Goldmember
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Correct me if i am wrong.
I think the real cause of the sharp decline of the share price this week is due to the anticipated announcement of "Profit Guidance" in late April. For the last 2 years, this guidnance was release in third week of April (wednesday). However, so far they still have not released it.
Investors really worry about whether the company may downgrade its earning forecase for the year due to falling gold price. From my personal viewpoint, I do not think it is the case. The NPAT this year should hit 50m range which is more than the 40m range announced early in the year.
We will see..
chops_a_must
Printing My Own Money
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A large breakdown, such as this one, is very rarely a good sign.
Off my watchlist for now.
Off my watchlist for now.
prawn_86
Mod: Call me Dendrobranchiata
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Yes it certaintly has been smashed as late. Surprised it hasnt gotten a speeding ticket
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Just been promoted on my watchlist.
Earnings are not solely related to gold and regardless, prispectors arent going to quit prospecting en-masse because the price of gold is lower.
Despite the massive price run ovet the last few months it never got terribly expensice and is looking pretty good now i think
Earnings are not solely related to gold and regardless, prispectors arent going to quit prospecting en-masse because the price of gold is lower.
Despite the massive price run ovet the last few months it never got terribly expensice and is looking pretty good now i think
I'm with you.
But surely that is fairly obvious - which makes me think, what does the market know that I do not?...
When you are asking yourself this question it is usually best to find out the answer from the sideline
My
I'm with you.
But surely that is fairly obvious - which makes me think, what does the market know that I do not?...
When you are asking yourself this question it is usually best to find out the answer from the sideline
My
I think the drop of gold price and the delay of major profit guidance announcement in April cause panic among investors. If you guys still remember, there is a sharp price drop before they released the half year accounts in Feb (drop from 2.9# to almost 2.3#).
