CCV 1.06% 23.3¢ cash converters international

Furthermore based on the FY report CCV has;- $70M cash at hand +...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 541 Posts.
    lightbulb Created with Sketch. 127

    Furthermore based on the FY report CCV has;

    - $70M cash at hand + ~$150M in loan recievables

    - $50M undrawn from the fortress facility ($99.5M drawn from a $150M facility)

    - $20M CA payout

    - $66.1M franking credits (with potential changes from a labour government you'd think they get rid of these)


    So the net of this, CCV has access to $50M in cash and $50M of securitisation facility from fortress and also currently has $150M in loan receivables per annum, strong position to be in...


    This could go two ways in my opinion. Either a) CCV stay conservative and hold a high cash pile, but logic says with CA behind them they will use some if not all of the remaining securitisation facility... or b) CCV go hell for leather and use both the cash and securitisation to increase earnings, pay a high dividend and use the franking credits aggressively... 


    Either way - IMO the company has a platform to grow quiet strongly in the next 2-3 years...

 
watchlist Created with Sketch. Add CCV (ASX) to my watchlist
(20min delay)
Last
23.3¢
Change
-0.003(1.06%)
Mkt cap ! $138.0M
Open High Low Value Volume
23.5¢ 23.5¢ 23.3¢ $10.80K 45.98K

Buyers (Bids)

No. Vol. Price($)
5 205732 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.5¢ 74140 3
View Market Depth
Last trade - 13.26pm 02/12/2024 (20 minute delay) ?
CCV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.