Minelab A Great Acquisition

"Codan used to be a serial disappointer. So much so that in 2008-09 just about everyone gave up on it and the scrip hit 47¢.

Embedded in the company, though, was a gem of an asset that cost $70 million in early 2008. That was the Minelab business, which made metal detectors and landmine and unexploded ordnance-detecting devices. No one took any notice at the time."

Read more HERE.