• Goodman Group’s recent trading update was extremely upbeat, announcing higher levels of profitability and expectations for increased earnings. Read here

Why I am still keen on Codan

04112021_Codan

Why I am still keen on Codan

The share price of electronic solutions and metal detector maker, Codan (ASX: CDA), has fallen around 42 per cent since June. It’s now back where it was around 12 months ago. But instead of being concerned, I believe the company continues to have a very bright future.

Long term readers will know that Codan is one of my favourite companies and it has been a significant contributor to fund performance over the past four years. After peaking at just over $19/share in June, the share price has come off and is now trading at just over $10/share as we can see in this chart which shows Codan’s share price during the last five years.

So what has happened to cause such a fall?

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Andreas is the joint Portfolio Manager of The Montgomery Fund. Andreas joined from Navigo Partners, a M&A advisory firm in Stockholm, Sweden where he was a Director responsible for origination and execution of Scandinavian projects. Before this, he worked for three years in corporate strategy at Alinta Energy in Sydney.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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