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...
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Furthermore based on the FY report CCV has;- $70M cash at hand +...
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Mkt cap ! $138.0M |
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Price($) | Vol. | No. |
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