One of the best (and most enduring) growth stories on the ASX

I’ve been following the Codan (ASX: CDA) story for some time. I used to cover it as an analyst, beginning not long after the business acquired Minelab in 2008. It was affectionately known as the ‘metal detector’ business because of that acquisition, even though its core operation was – and remains – the communications division. Having followed it for so long, I can confidently say it is one of the best and most enduring growth stories on the ASX. In 2010, the share price was hovering around $1.50. Today, it stands just shy of $35. That's good for a compound annual growth rate north of 20% - which is elite. But the share price is merely a reflection of the product development, commercialisation and acquisitions that the company has exectued on over that time. So, it was a real treat to speak with Managing Director, Alf Ianiello, following the release of the company’s results yesterday. Ianiello has been a steward of Codan’s growth since January 2022 and, as he tells it, there remains plenty of opportunity ahead.