CDA +14.52%; the communications and metal detection business saw shares jump to 3 months highs today after providing guidance for performance in the second half. The company expects net profit for the second half to be in line with the record $50m posted in the first half, in line with consensus expectations. Cash flow for the period has also been strong, banking $41m so far, bouncing back...
Technology business CDA focuses on areas such as radio communications, metals detection and tracking solutions, unfortunately it’s almost halved from its 2021 high as the stocks valuation appeared to get ahead of the actual outlook.
Companies reporting today on MM’s radar include:
ASX (ASX) FY21 Results: Expectations for revenue of $941m, EBITDA of $681m, NPAT of $474m (down 7.6% on FY20), EPS of $2.45, FY Dividend $2.21. Market currently pricing NPAT for FY22 of $485m, a jump of ~2%.
CDA has been a top ASX performer this year, the company designs & manufactures the likes of radios, metals detectors and mining automation systems with customers including military and intelligence agencies – it’s one of Wilson Asset Managements (WAM) largest holdings.
Codan (CDA) develops rugged and electronics solutions for international government, corporate, NGO and consumer markets. The company's line of business includes provision of radio communications, metal detection and tracking solutions.