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Business Description: Codan Limited (CDA) designs and manufactures a range of electronic products and associated software to government, business, aid & humanitarian, and customer markets. CDA currently has service centres and manufacturing facilities in Australia, USA, UK, Ireland, China and India. CDA has a manufacturing partnership with a Malaysian firm for the production of its products. CDA’s 3 main products are Radio Communication Products, Metal Detection Product, and Mining technology.
Strategy Analysis: CDA's strategy is to design and manufacture its own 'clever´ products and sell these to predominantly developing markets. CDA has the following characteristics to retain strong control over the manufacture of its products: elaborately transformed hardware products, high intellectual property content, and a high-growth target market of developing economies and governments.
Codan reported NPAT of $26.51m for the half-year ended 31 December 2012. Revenues from ordinary activities were $135.9m, up 83% from last year. Diluted EPS was 15.2 cents compared to 6.0 cents last year. The net operating cash inflow was $22.8m compared to an outflow of $775,000 in the pcp. The interim dividend declared was 6 cents, compared with 4 cents last year.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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