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.
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).
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.