Codan Ltd (ASX: CDA) Share Price and News

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Codan Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.28 billion
P/E Ratio 13.35
Dividend Yield 4.05%
Shares Outstanding 180.88 million
Earnings per share 0.546
Dividend per share 0.30
Year To Date Return -20.47%
Earnings Yield 7.49%
Franking 100%
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as at 24 Feb 3:44pm

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Codan Ltd (ASX: CDA)
Latest News

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52-Week Lows

5 ASX 200 shares slipping to 52-week lows today

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Earnings Results

Codan (ASX:CDA) share price sinks despite best profit in years

Codan is being punished by the market even with a record result at the bottom line.

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Technology Shares

Fundie says this beaten up ASX All Ordinaries share is set to surge in 2022

Is Codan set for a comeback?

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Share Fallers

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Share Gainers

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Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
23 Feb 2022 $0.1300 100.00% Interim 10 Mar 2022
25 Aug 2021 $0.1650 100.00% Final 10 Sep 2021
24 Feb 2021 $0.1050 100.00% Interim 11 Mar 2021
27 Aug 2020 $0.1100 100.00% Final 11 Sep 2020
26 Feb 2020 $0.0750 100.00% Interim 12 Mar 2020
29 Aug 2019 $0.0250 100.00% 13 Sep 2019
29 Aug 2019 $0.0500 100.00% Final 13 Sep 2019
26 Feb 2019 $0.0250 100.00% Special Cash 13 Mar 2019
26 Feb 2019 $0.0400 100.00% Interim 13 Mar 2019
31 Aug 2018 $0.0400 100.00% 14 Sep 2018
31 Aug 2018 $0.0450 100.00% Final 14 Sep 2018
14 Mar 2018 $0.0400 100.00% Interim 03 Apr 2018
14 Sep 2017 $0.0300 100.00% Special 03 Oct 2017
14 Sep 2017 $0.0400 100.00% Final 03 Oct 2017
14 Mar 2017 $0.0300 100.00% Special 03 Apr 2017
14 Mar 2017 $0.0300 100.00% Interim 03 Apr 2017
14 Sep 2016 $0.0400 100.00% Final 04 Oct 2016
11 Mar 2016 $0.0200 100.00% Interim 01 Apr 2016
11 Sep 2015 $0.0200 100.00% 01 Oct 2015
12 Mar 2015 $0.0150 100.00% 01 Apr 2015
10 Sep 2014 $0.0150 100.00% 01 Oct 2014
09 Mar 2012 $0.0400 100.00% Interim 02 Apr 2012
11 Mar 2011 $0.0400 100.00% Interim 01 Apr 2011

CDA ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Codan Ltd

Codan Limited (ASX: CDA) designs, supplies and manufactures mining and communications equipment, and metal detection services. Founded in 1959 and headquartered in South Australia, Codan has a global footprint with offices in Canada, the USA, Ireland, the UAE and South Africa.

The company develops technology to solve communications, safety, security and productivity problems for customers including the world’s largest aid and humanitarian organisations, security and military groups, mining companies and governments. Listed on the ASX in 2003, the Codan share price has skyrocketed in 2020 despite the COVID-19 pandemic, smashing an all-time high of more than $11.40 per share in September.

CDA Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
16 May 2022 $7.10 $-0.19 -2.61% 643,201 $7.36 $7.49 $7.07
13 May 2022 $7.29 $0.64 9.62% 773,269 $6.76 $7.29 $6.76
12 May 2022 $6.65 $-0.38 -5.41% 820,945 $6.96 $6.97 $6.61
11 May 2022 $7.03 $0.17 2.48% 793,493 $6.74 $7.08 $6.74
10 May 2022 $6.86 $0.27 4.10% 1,198,883 $6.50 $6.90 $6.27
09 May 2022 $6.59 $-0.21 -3.09% 511,703 $6.80 $6.84 $6.53
06 May 2022 $6.80 $-0.01 -0.15% 620,687 $6.64 $6.85 $6.55
05 May 2022 $6.81 $0.14 2.10% 292,440 $6.77 $6.93 $6.70
04 May 2022 $6.67 $-0.24 -3.47% 377,660 $6.90 $6.96 $6.66
03 May 2022 $6.91 $0.04 0.58% 503,691 $6.98 $7.09 $6.91
02 May 2022 $6.87 $-0.33 -4.58% 782,085 $7.00 $7.03 $6.69
29 Apr 2022 $7.20 $0.36 5.26% 735,119 $7.00 $7.20 $6.93
28 Apr 2022 $6.84 $0.11 1.63% 506,374 $6.74 $6.96 $6.74
27 Apr 2022 $6.73 $-0.11 -1.61% 609,675 $6.76 $6.79 $6.60
26 Apr 2022 $6.84 $-0.18 -2.56% 875,223 $6.92 $6.94 $6.69
22 Apr 2022 $7.02 $-0.05 -0.71% 467,403 $7.04 $7.06 $6.86
21 Apr 2022 $7.07 $0.06 0.86% 351,735 $7.09 $7.12 $6.98
20 Apr 2022 $7.01 $-0.01 -0.14% 482,456 $7.01 $7.10 $6.95

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
10 May 2022 Alfonzo (Alf) Ianniello Buy 27 $181,704
On-market trade.
14 Dec 2021 Graeme Barclay Buy 5 $50,102
On-market trade.
01 Dec 2021 Kathryn(Kathy) Gramp Buy 3 $29,340
On-market trade.
01 Nov 2021 David Simmons Buy 5 $59,064
On-market trade.
29 Oct 2021 Graeme Barclay Buy 4 $49,228
On-market trade.
28 Oct 2021 David Simmons Buy 7 $79,919
On-market trade.
25 Aug 2021 Donald McGurk Exercise 91 $1,502,822
Conversion of securities. 91,456 - Performance rights
25 Aug 2021 Donald McGurk Issued 91 $1,502,822
Conversion of securities.
02 Jun 2021 Donald McGurk Sell 136 $2,492,880
On-market trade.

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Ms Kathryn(Kathy) Joy Gramp Non-Executive Director Nov 2015
Ms Gramp was appointed to the board of Codan in November 2015. She has had a long executive career and over 24 years of board experience across a range of complex organisations and industry sectors. She has experience as Chair of Audit & Risk Committees. Prior to joining Codan, Kathy was CFO of Austereo Ltd. Joining in 1989, retiring June 2011. In that time the company grew from 2 radio stations to the largest commercial radio network in Australia, and the leader in Digital and Online Media. Leadership roles and responsibilities included business planning & re-engineering, debt & equity raising, acquisitions & integration, capital investment, major IT projects, corporate governance, risk management, financial management, tax & accounting, change management and investor & key stakeholder relations. Further experience was gained through exposure to international markets such as Greece, UK, USA, South Africa, Argentina, Malaysia and New Zealand. She is a Director of Uniti Group Limited (ASX:UWL), Chair of Audit & Risk Committee and member of the Nomination & Remuneration Committee. Uniti, a diversified provider of telecommunication services, listed February 2019 and through acquisition and organic growth now has a market capitalisation of circa $2.2 billion. She is also a Director of The Australian Institute of Company Directors and is Chair of the HR & Remuneration Committee and is a Council member of Flinders University and Chair of Audit & Risk Committee.
Mr David James Simmons Non-Executive DirectorNon-Executive Chairman May 2008
Mr Simmons was appointed Chairman of the board in 2015 and has been a director of Codan since 2008. Prior to joining the Codan board, he was the Managing Director of Hills Industries Limited (Hills) for 16 years. On appointment, Hills had a turnover of around $200 million. On his retirement in 2008, Hills turnover and market capitalisation were both in excess of $1 billion. Hills was in the ASX200 index and under his leadership, profit increased every year for 16 years. Hills grew through a combination of internal growth and via acquisitions. During his time as Managing Director, he led around 30 successful acquisitions and joint ventures. He has strong people, financial, capital markets and M&A skills and has significant international experience, particularly focused on China, the USA and the UK. Hills employed 4,000 people globally at its peak. Since he was appointed Chairman, Codan's market capitalisation has grown from less than $150 million to more than $3 billion. This has been achieved by investing in people, having a commitment to continuous learning, encouraging entrepreneurship, rewarding performance and investing in innovation in a digital world. In his role on the Board, Audit Risk and Compliance Committee, he has a particular focus on the ever present cyber threats and will continue to push and support best in class defences. He has chaired a number of charitable and government related organisations since retiring from Hills. He is currently the Chair of the Kickstart for Kids charity based in South Australia and is a former Chair of the South Australian Economic Development board.
Mr Graeme Barclay Non-Executive Director Feb 2015
Mr Barclay is a former CEO with more than 35 years' experience in professional services, investment banking, broadcast infrastructure and telecommunications. Over the past 20 years Graeme has held Executive Chairman or Group CEO roles at BAI Communications, Transit Wireless LLC (New York), Nextgen Networks, Metronode data centres and Axicom (formerly Crown Castle Australia), and for 8 years was also an executive director in Macquarie Group's infrastructure team. In these roles, Graeme was responsible for all aspects of strategy, M&A, sales and business development, contract delivery and operations, as well as implementing the appropriate capital structure and raising third party debt for these businesses in Australia, UK, Hong Kong, Singapore, Canada, USA and New Zealand. Over the past 20 years in these businesses, he led and completed more than 20 acquisition and divestment transactions including the sale of Nextgen Networks to Vocus for $820 million in 2016 and the sale of Metronode to Equinix for $1.04 billion in 2018. As chairman of Uniti Graeme has overseen an IPO, ten acquisition transactions over a 2 year period, several capital raisings in the equity and corporate debt markets, and Uniti has grown to be the fifth largest listed telecommunications company on the ASX with a market capitalisation of circa $2.2 billion. Uniti's business includes ownership of fibre to the premise networks, a digital communications platform as a service for inbound voice, text, data and analytics and a consumer and business broadband service provider.
Mr Lt-Gen Peter Francis Leahy Non-Executive Director Sep 2008
Mr Leahy retired from the Australian Army in 2008 as a Lieutenant General after a 6 year appointment as Chief of Army. In his board appointments since then he has been on the boards of Codan, Electro Optic Systems Holdings Limited and Citadel Group Limited, including one year as Chair of CGL prior to its acquisition to go private. He is the current Chair of Electro Optic Systems Holdings Limited. During his time as Chair of CGL he led the company through a major international acquisition, a substantial capital raise and then negotiated the go private acquisition of the company. He is a member of the Nomination and Remuneration Committee for both EOS and CGL, and a former Chair of EOS's Audit Committee. In addition, to his board activities, he has been an advisor to both the Queensland and South Australian Governments, was a member of the First Principles Review of the Department of Defence, Chair of the Invictus Games in Australia and is an active supporter of veteran's charities. As a Professor at the University of Canberra he lectures on National Security, which includes cybersecurity and digital disruption.
Mr Alfonzo (Alf) Ianniello Chief Executive OfficerManaging Director Jan 2022
Mr Ianniello led global manufacturing and sales businesses, the Detmold Group. His career began as a defence systems engineer in 1995 with British Aerospace, where he stayed until 1999. In 1999, He travelled and worked in the USA to begin an eight-year tenure with automotive components manufacturer Schefenacker. He progressed from Customer Engineer and Branch Manager roles to become Engineering Director in 2001, Vice President of Global Engineering in 2004, and eventually Managing Director of the company's Australian division in 2005. As Managing Director, He oversaw Schefenacker's operations in South Australia and New South Wales, producing parts for Australian, American and Japanese vehicle manufacturers and sister companies in Europe and the USA. Mr Ianniello was on the Detmold Board for 14 years. During this time, he has also held Board positions with SME's, Tertiary Institutions and Local Government. He resigned from Detmold in December 2020, and completed his employment in July 2021. He attended the Wharton Business School Global CEO Program at the University of Pennsylvania in 2012.
Mr Michael (Mike) Barton Company SecretaryChief Financial Officer
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Michael (Mike) Barton Company SecretaryChief Financial Officer
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Peter Charlesworth Executive General Manager Minelab
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Paul Sangster Executive General Manager Tactical Communications
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Scott French Executive General Manager Zetron
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
I B Wall and P M Wall 34,808,151 19.30%
Hsbc Custody Nominees (Australia) Limited 25,463,611 14.10%
J P Morgan Nominees Australia Limited 18,266,845 10.10%
Dareel Pty Ltd 17,926,872 9.90%
Citicorp Nominees Pty Limited 13,712,878 7.60%
Kynola Pty Ltd 6,627,548 3.70%
Starform Pty Ltd 6,404,224 3.50%
National Nominees Limited 6,331,911 3.50%
A Bettison 3,562,124 2.00%
BNP Paribas Nominees Pty Ltd 3,101,123 1.70%
M K and M C Heard 2,400,000 1.30%
Mitranikitan Pty Ltd 1,778,194 1.00%
M Choate 1,575,690 0.90%
J A Uhrig 1,237,673 0.70%
G Bettison 1,228,342 0.70%
Cedara Pty Ltd 1,107,254 0.60%
Rosevine Pty Ltd 1,107,254 0.60%
NewEconomy Nominees Pty Limited 1,009,647 0.60%
Warren Glen Pty Ltd 800,000 0.40%
Griffinna Pty Ltd 742,000 0.40%

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