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MM thoughts on Codan (CDA)

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Question asked 01/10/2021

MM thoughts on Codan (CDA)

Hi James,

Any thoughts on CODAN (CDA).

Cheers

James

Answer

Hi James,

Australian communications technology manufacturer CDA covers a wide array of industries including radio communications, metal detection and tracking solutions, its shares have already corrected 40% through 2021 which has caught a number of investors’ attention helped by the move taking the stocks yield close to 3% when grossed up. In August the company delivered a record profit and upbeat outlook for FY22 but the departure of its long term CEO and pure valuation concerns appears to be weighing on the stock. It looks ok around $12 but it’s not presently on the MM radar.

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Codan Ltd (CDA)

LAST UPDATED 01/10/2021 17:22

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