Codan

TechnologyOne climbed more than 4%.

Next DC and Codan were up 3.6%, Megaport 5.5%," on and on and on it went.

You get the picture.

The big miners, though, also had a good day.

[laughs]

Um, the, the quest- the question I have for the viewers, and I hope they can, they can instantaneously, um, answer this, what do Solpat's Megaport and, and Codan have in common? They, all three of them successfully reinvented the business and became a better business out of it.

Now, I think at this point in time, Macquarie is doing that as well.

Macquarie, of course, you buy them for the culture.

Uh, NextDC up 2%, Megaport, though, falling another t- 1.9%, was a stock we covered this morning, or rather this afternoon on the call on Ausbiz at noon.

Codan fell 1.5%, WiseTech up 1.30, down 0.3.

The Altech index pretty much unchanged today.

Looking at the resources, BHP down 0.7, Rio out with their quarterly, uh, interesting reading, down 0.3% for Rio.

The local tech sector fell four point four percent.

Codan lost six percent.

Xero and Wisetech Global also fell.

The lithium stocks were another casualty.

Still some hope that maybe we've seen the bottom, but Next DC continuing to fall, down two point one percent.

Codan was up one point six, Megaport up four point eight, so that was the good news.

Zero up two point eight.

A broker d-- upgrade there with, uh, a new analyst taking the helm of that.

It entered the top thirty momentum list forty-four days ago and the launch pad forty-two days ago with a return of thirty-one percent since then.

Next, in ninth place, CDA, Codan, with a fifty-three percent increase this quarter.

It entered the top thirty momentum list eight days ago and the launch pad thirty-nine days ago with a return of forty-five percent since then.

In eighth place, CTT, Cettire, with a forty-four percent increase this quarter.

I mean, we as Team Invest members have a very big advantage here, and we've spoken about it before, which is that we have our objective software, Conscious Investor, which we've used on the show, which sort of tells you when that's occurring.

So if you just wanna pull up very quickly, we can have a look at Codan.

At the moment, you know, obviously, wonderful company, growing quickly, but our software is busy saying that at this PE of 72.4, see it-

Extreme green

Yeah.

Well, that's what I was gonna say.

So would you be selling Codan, or would you just be taking some off the table?

Well, in my personal case, I've sold out.

Megaport was off nearly six percent.

Codan lost more than four percent.

WiseTech Global down two and a half percent.

The broader rally came despite US bond yields remaining elevated.