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Codan

 

Buy Codan shares

CODAN (CDA) Shares

ABOUT CODAN

Codan Limited is a manufacturer and supplier of communications, metal detection, and mining technology, with a history dating back to 1959 when it was first established by three friends, Alastair Wood, Ian Wall and Jim Bettison, as Electronics, Instrument and Lighting Company Limited.

The company was rebranded as Codan Limited in 1970 and became listed on the Australian Securities Exchange in 2003. The company expanded its portfolio to include military technology in 2006.

In 2012 CPI International Holding Corp made the decision to purchase the company’s Satellite Communications assets.

In 2016 the company’s Minelab division won the US Army contract to develop metal detector sensor technology and in the same year Codan Defence Electronics was established to leverage core competencies in military radio and countermine technology.

OVERVIEW OF CODAN

  • Codan commands a global footprint with offices in Canada, the USA, Ireland, the UAE and South Africa. Its customers include the world’s largest aid and humanitarian organisations, security and military groups, mining companies and governments.

  • The company’s products are sold in more than 150 countries, with a global network of dealers, distributors and agents.

  • The company’s businesses consist of Codan Communications, Minelab, Minetec, and Defence Electronics. The Codan Communications division provides long-range digital radio, land mobile radio and tactical radio solutions. Minelab provides a range of metal detectors used across the spectrum, from artisan miners to humanitarian organisations.

  • Minetec specializes in technology which provides hard-rock miners with accurate underground GPS with a task proprietary management system, while the Defence Electronics division provides long-term, flexible and robust electronic designs and manufacture to the Australian Defence industry.

VISION & VALUES OF CODAN

  • Codan has four core values on which it bases its operations, namely adopting a can-do attitude, maintaining a high performance, remaining customer driven, and working with openness and integrity.

  • The company strives to demonstrate determination while achieving sustained results, and is committed to defining and achieving ambitious goals in order to drive continuous improvement.

  • It works to engage with target customers and build long-term relationships that will develop and enhance brand loyalty, while keeping open and ethical communications with all of its stakeholders.

MARKET PERFORMANCE OF CODAN

  • Codan Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol -CDA.

  • Data from the company’s 2019 financial analysis shows underlying net profit after tax of US Dollar 45.7 million for the year on group sales of US Dollar 270.8 million. The company declared fully franked final dividends of 5.0 cents per share, following on from the 4.0 cents per share fully franked interim dividend. This resulted in a total dividend of 9.0 cents for the full year, an increase of 6% over 2018.

  • In recognition of the continuing out-performance of the company, the directors also announced a final special dividend of 2.5 cents per share for the second half, fully franked, bringing the full-year special dividend to 5.0 cents. Strong cash generation again during the year resulted in a net cash position of US Dollar 37.5 million at 30 June 2019.

  • 2019 was a record year for the company, with a range of successful strategic initiatives driving an increase to the base-level performance of the business, delivering a strong share price and a solid buy-in for investors who choose to purchase shares.

Buy CODAN stocks / shares – A Step by Step Guide how to Buy / Purchase CODAN Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CODAN Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CODAN STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CODAN STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CODAN stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CODAN stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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