you really dont have a fun time with life do you finiky. Like how psycho do you have to be to actively make enemies on the silverstackers forum. Like do you go round picking fights everywhere you go? Being critical of people, belittling them, just the a coldness you have and how relentless, its really ... nutz.
Down 12% today to $1.30 with higher volume but no news somebody must know something - expect a speeding ticket
Yes, do sellers know something or is it just momentum following? Wish I wasn't overweight as seems so cheap. It's unbelievable that the 1.50 level didn't put up a second fight. The share price of Codan spent ~6 years consolidating under 1.50, now it collapses through like rock through wet kleenex. What the hell's going on? This stock used to be like winning Boystown lottery, now today I've entered loss territory. I'm hoping for that speed ticket.
Hehehe that was my chart, and my 'call' wasnt a call - it was a hunch. So i'm not taking credit.. im just having some well earned fun with you. I dont know if you have noticed but Codan has a correlation with the aussie gold miners index (XGD).
10 December 2013 By Email: [email protected] Ms Shannon Hong Adviser, Listings Compliance ASX Compliance Pty Limited 20 Bridge Street SYDNEY NSW 2000 Dear Shannon Request for Trading Halt This letter is request a trading halt in the securities of Codan Limited ("the company"). This request is made on the following basis: The reason for the trading halt is that lower than forecast sales of gold detector products into our three main African markets in the month of November may have an impact on the profit guidance for the first half ending 31 December 2013. The Board and management are currently working to complete the November month end results and complete a review of the first half profit guidance. As you are aware the company has been issued with a price query letter dated 9 December 2013 and a trading halt will ensure that the company has the necessary time to complete its review of the first half profit guidance and to issue a release on this matter to the ASX.
Well since insiders got a chance to sell out now let's have a trading halt. Gotta love continuous disclosure huh ?
Low of 63c since open on unprecedented daily volume with 1 hr of trading I got up late $4m to $5m NPAT guidance H1 Take lower figure If assume dismal performance repeated H2 Then $8m spread across 177m shares eps = 4.5c Assume things will not radically improve in future years but not get worse ... Apply P/E of 8 8 x 4.5 = 36c per share The market's being generous! Paying a premium for growth prospects from this level of profit?
I'm in at 73c Prepared to hold long term but if it gets back to near $1 will get out for a quick profit If it gets down to your 36c valuation Finicky will double up.
Management claims ignorance before Wed 11th, despite sellers obviously knowing something on Monday 9th. Market seems happy enough with the response - share price is up a bit Sometimes you gotta laugh at the concept of a fully imformed market
19 February 2014 CODAN LIMITED HALF-YEAR RESULTS PERIOD ENDED 31 DECEMBER 2013 Summary Reported profit of $4.8 million. down 82% on H1 FY13 Earnings per share of 2.7 cents. Interim dividend declared of 1.5 cents. The trading environment for gold detection products into our three main African markets was depressed for the last nine months of calendar year 2013. The cost base of the organisation has been restructured and reduced by around $10 million per annum. The current expense base now supports a baseline business of circa $150 million revenue, with upside potential from future gold rushes. The release of our new Envoy software-defined radio and a strong pipeline of new products, coupled with on-the-ground market development, has the business well placed to deliver future profit growth. We continue to see long-term growth opportunities in each of our three business units.
Taking a real clobbering today as yesterday's bad news gets out to the little shareholders. I was not impressed by the disclosure that they are stuck with high stock levels and debt has increased. Put in a lowball @ 61c - let's see if it gets down that low
Chart gives strong impression of having already based and then put in shallow higher lows and higher highs. Note the volatility field narrowed, then expanded, with the price lingering nowadays in the top half of the band. Disclosure: still holding all ours Sentiment: at least a hold Excerpts from H1 Report "Margins improved across all our businesses." Codan Radio Communications A leading designer and manufacturer of premium communications equipment for High Frequency (HF) and Land Mobile Radio (LMR) applications. Segment contribution doubled to $10.9 million on sales of $36.6 million, which was up 55% on the prior year. ... ... "The future growth of our Radio Communications business will be based on our ability to combine HF and LMR platforms to provide unique and resilient radio networks that connect over multiple communications platforms and make us more attractive in larger infrastructure projects." Metal Detection Minelab sales in the first half were $27.1 million, down $5.8 million on the prior corresponding period. ... ... We are addressing these issues by: releasing the revolutionary new GPZ 7000 gold detector which detects gold at greater depth and across all ground types including very highly mineralised soil, establishing a Minelab retail and distribution centre in Dubai to support the efforts of our dealers, and continuing to aggressively defend our intellectual property against counterfeiters. Mining Technology Minetec's sales in the first half were $2.5 million, unchanged from the prior corresponding period. ... ... During the half year, Minetec successfully completed a pilot project for a large global miner which demonstrated the mine simulation and productivity technology in a working mine environment. Other successful proof-of-concept trials have been conducted and management continue to pursue full-scale mine rollouts which we anticipate will occur within the next 18 months. ... ... Enabling mining companies to transition from conventional labour-intensive mining practices to more efficient mechanised mining is a key element of our value proposition.... ... Over the longer term, management is of the firm view that Minetec will become the third major arm of Codan. 2 year weekly