Normal
Looking at the monthly chart, it strikes me as not a worry for holders yet. But it seems poised to go one way or the other. High level consolidation so far. Momentum indicators verging on crossing positive. I'm inclined to pick higher as the more likely direction.However going by H1 result and guessing at:around $65m NPAT for FY23 (H1 was $31m)Book Value FY23 of 2.35 (guess)182m shares on issueI estimate Codan's value at about $7. That's just on FY23 performance guesstimate and attributing nothing for optimism about growth or past performance.Held and holding (but I seldom trade anything)MONTHLY[ATTACH=full]157799[/ATTACH]
Looking at the monthly chart, it strikes me as not a worry for holders yet. But it seems poised to go one way or the other. High level consolidation so far. Momentum indicators verging on crossing positive. I'm inclined to pick higher as the more likely direction.
However going by H1 result and guessing at:
I estimate Codan's value at about $7. That's just on FY23 performance guesstimate and attributing nothing for optimism about growth or past performance.
Held and holding (but I seldom trade anything)
MONTHLY
[ATTACH=full]157799[/ATTACH]
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