CCV 0.00% 23.5¢ cash converters international

Ann: CEO Appointment, page-6

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  1. 2,962 Posts.
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    I think that would actually help at the moment, only thing left to air is the last class-action (we give up here's x amount of $Millions now go away already) and future direction of SACC segment, ie; "review" that segment = going to shut the f%^&*^r down it's not worth the hassle.

    I believe that is what the company is priced for currently and is the absolute worst case scenario IMO.

    As long as that is delivered with an "underlying earnings" guidance that is good I think we should be looking at some green days finally, can't wait until this CA thing is done and dusted, it just seems to drag on forever.

    This appointment is also further confirmation IMO that Stuart sees the future of CCV being under the ownership of EZCorp, just my opinion but I believe that is the very likely outcome, they already own 31%, surprised they haven't raided more of the outstanding shares but I guess it's hard to justify forking out $$$$ on a business entangled in multiple CA's that are all being resolved with full payouts + legals.


    Ps: I for one find it bloody frustrating that after years of claiming "we will fight it vigorously" they always end up paying FULL PRICE for all claims but several Million$$$$ for BOTH sides in legal fees, they would have to be close to $20m in legal fees for absolutely ZERO discernible outcome.


 
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