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Business Description: Cash Converters International (CCV) is a franchised retail network which specializes in the sale of second-hand goods. The core business of CCV is the ownership and franchising of retail and financial services stores, which operate as retailers of second hand goods and suppliers of financial products.
Strategy Analysis: CCVÂ´s vision is to turn second-hand goods stores into professional retail outlets. The franchise business is involved in buying and selling second-hand goods for cash. The company franchises its store operation with the national advertising and marketing programs support. The business has recently repositioned itself by significantly changing the look and feel of its stores. This is expected to make the company more appealing and contemporary. With the acquisition of Safrock, Mon-e and 17 corporate stores in four states there have been integration and control issues, which CCV will have to monitor over the next few years.
Cash Converters reported a net profit of $18.43m for the half-year ended 31 December 2012. Revenues from ordinary activities were $134.92m. Diluted EPS was 4.6 cents compared to 3.4 cents last year. Net operating cash flow was $3.2m compared to $1.38m last year. The interim dividend declared was 2 cents compared with 1.75 cents last year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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