Why I’ll Sell My Codan (ASX: CDA) Shares
Mea culpa. I underestimated Sudan’s risk to Codan (ASX: CDA) and I’ve lost money as a result.
Codan (ASX:CDA)
Codan (ASX: CDA) was founded in 1959 in Adelaide. In 2003 it was listed on the ASX and with the acquisition of Minelab in 2008 it entered into the metal detector market. Codan has two major segments, being metal detection (Minelab) and communications, which includes Codan Tactical Communications (high frequency radio) and Zetron (specialising in police, government and transport style applications).
Codan (ASX: CDA) Results Show Improved Cash Flow In 2nd Half of FY 2022
The FY 2022 Codan results were pretty much flat year on year, but that is not a bad result, coming off a bumper year in FY 2021.
Alf Ianniello, Codan CEO, Talks To Strawman Members
The CEO of Codan (ASX: CDA) suggests the business has pricing power, and a number of potential growth avenues.
Codan (ASX: CDA), Raiz (ASX: RZI), and MSL Solutions (ASX: MSL) Update The Market
Watchlist stocks Codan (ASX: CDA), MSL Solutions (ASX: MSL), and Raiz Invest (ASX:RZI) have all updated the market in recent weeks.
Why I Bought Codan (ASX: CDA) Shares
Codan’s Minelab detection business has gone into reverse, but the share price may now compensate for that headwind.