Cash Converters International (CCV)
Cash Converters International Ltd. engages in the ownership, operation, and franchising of retail stores. It operates through the following segments: Franchise Operations, Store Operations, Financial Services-Personal Loans, Financial Services-Administration, and Vehicle Financing. The Franchise Operations segment sells franchises for the retail sale of second hand goods and sale of master licenses for the development of franchises in countries around the world. The Store Operations segment involves in the retail sale of second hand goods at corporate owned stores in Australia and United Kingdom. The Financial Services-Personal Loans segment includes cash converters personal finance personal loans business. The Financial Services-Administration segment provides Internet platform and administration services for the cash converters network to offer small cash advance loans to customers. The Vehicle Financing segment offers maintained vehicles through a lease product t customer for a term of up to four years. The company was founded by Brian Cumins in November 1984 and is headquartered in Perth, Australia.
|Market Price at 13-12-2017
|Price to Earnings Ratio
|Return on Equity (ROE)
Blog posts that reference Cash Converters International:
Monday, August 26, 2013
Is a trend appearing amongst casino and entertainment stocks?
Over the weekend full year results for Echo Entertainment Group (EGP), Tatts Group (TTS) and Crown Limited (CWN) flowed through Skaffold. Echo’s Skaffold Score improved from B3 (based on the company’s interim results) to B2. B2 is one of Skaffold’s preferred scores. Tatts Group (TTS) rose from C4 to B3 and Crown’s improving business performance lifted its Skaffold Score from A4 to A3.
TTS and EGP are trading at premiums of more than 60% to Skaffold’s 2014 intrinsic value estimates. CWN is trading at a 40% premium. Whilst the intrinsic value of all three businesses is forecast to rise at an impressive rate over the next two years, looking at the Skaffold Line chart of each stock it appears the market has already factored in this future growth.
What’s driving the improving performance of gambling-related stocks? Is the increasing accessibility of internet gambling driving this trend. And what does this mean for the wider community?
Thursday, June 06, 2013
Yesterday the share price of Cash Converters fell from a close on 4 June of $1.11 to an intra-day low of $0.985, or just under 10%. The ASX issued a price query and requested a response by the company.
Why did the price of this highly rated business fall, and what does it mean for Skaffold’s future intrinsic value forecasts?
Monday, February 18, 2013
Over the weekend more than 30 companies updated in Skaffold. Standout improvements include Leighton Holdings (LEI), Nick Scali (NCK) and Cash Converters (CCV). Results for Computershare (CPU), CSL Limited (CSL), 1300 Smiles (ONT), Worleyparsons (WOR), Mineral Resources (MIN), Domino’s Pizza (DMP) and Country Road (CTY), GPT Group (GPT), Sunland (SDG), Noni B (NBL), Downer EDI (DOW), Mirvac Group (MGR) and Zimplats Holdings (ZIM) also flowed through Skaffold.