Borrowed this from Equity Story, lovely breakout and a buy

Having read @Karmast post on his thoughts in Codan, I thought I would ask the Chairman on his thoughts. He also is a big believer in the growth story and bought stock 3 months ago. Also thinks the Africa business will come back at some time in the future.

As per all insiders didn't comment on the $9.70 valuation LOL.

A big thanks to you all for info on CDA and Rick's comprehensive review. I chatted to a very old friend today, Graeme Barclay, who is an NED and proposed to be the Chair when Alf retires.

Here are some thoughts from our chat:

The comms Tactical business is working with DoD in the US and some sales may go through pre-Xmas, if not 2nd half. You can imagine that will be big dollars as the DoD budget is massive and the product from CDA is good. You cannot announce DoD contracts by name as I know from QHL days.

They do have a big load of inventory; when freight prices went mad they decided to move stock to the locations they would be bought to ensure they could supply clients from stock. Of course, freight is normalising now so that is not a factor. Wagner was the issue with Sudan and they think they are also moving heavily into W Africa too, so CDA will be looking to push Minelab into the better/more reliable African countries to rebuild that business. Basically they went to zero from hero in Sudan.

They have 3 new detectors coming out shortly and feedback is very good, but in-field client feedback will tell the story.

Graeme is proposed to be taking over as Chairman soon, he ran Uniti and every shareholder made money there, although his timing to exit couldn't have been better.

Told him to look at DRO as its not dis-similar to CDA in the comms areas of interest.

Buying CDA.