CCV
Director Trades
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Company News
Cash Converters International scoops up New Zealand Master Franchisor for $15.5m
As part of its expansion strategy, Cash Converters International (ASX: CCV) will acquire the remaining equity in Cash Converters New Zealand Master Franchisor for $15.5 million in cash. Cash Converters International already has a 25% stake in the New Zealand entity and the remaining 75% will be secured for $15.5 million using available cash reserves. […]
Cash Converters boosts revenue amid ‘watershed’ FY2022
Cash Converters (ASX: CCV) has announced what managing director Sam Budiselik describes as a “watershed year” for the 12 months ending June (FY2022), with revenue rising 22% to $245.9 million. Earnings before interest tax depreciation and amortisation (EBITDA) was up 6% in FY2022 to $52.7 million, while operating net profit after tax increased 26% to […]
Cash Converters’ lending momentum continues in June quarter
Cash Converters (ASX: CCV) has continued its strong lending momentum through another three-month period, unveiling a 20% growth in its loan book for the June quarter (Q4 FY2022) compared to Q4 FY2021. The unaudited fourth quarter results released by the Perth-based personal finance and secondhand retail company highlighted its total gross loan book increased to […]
Lending momentum continues for Cash Converters
Cash Converters (ASX: CCV) has continued its strong lending momentum past the traditionally busy Christmas period, posting a 21% growth in its loan book for the March quarter. In the unaudited third quarter results released today, Australia’s leading sub-prime lender and second-hand goods retailer reported its total gross loan book increasing to $203.7 million with […]
Cash Converters closes December half-year with strong balance sheet to pursue acquisition opportunities
Despite ongoing challenges posed by the pandemic, Cash Converters (ASX: CCV) has revealed a strong December half (H1 FY2022) – posting a 23% rise in revenue to $115.2 million, resulting in strong cash flow to pursue acquisition opportunities. This 23% revenue growth was compared to the prior corresponding period (H1 FY2021), which brought in $93.9 […]
Cash Converters unpacks the earnings profile of its lending business
Australia’s largest sub-prime lender and second-hand goods retailer Cash Converters (ASX: CCV) has explained the inherent delay in income the business recognises from the loans it writes, to help investors appreciate the difference between its half-yearly results. The company generates over 50% of its earnings before interest, tax, depreciation and amortisation (EBITDA) through its personal […]
Can these fallen small cap angels regain their wings?
One of the trickiest aspects of investing is deciding whether a fallen angel will ever fly again. If they do regain their wings, the rewards of buying in at distressed levels can be enormous. But as they impress on newcomers in Masterchef safety briefings, trying to catch a falling knife can be highly injurious. As […]
Cash Converters builds loan book on back of recovering credit demand
Cash Converters (ASX: CCV) has reported strong earnings growth for the 2021 financial year despite the “challenging social and economic environment” with momentum generated in the second-half expected to continue in the new year. As Australia’s largest sub-prime, non-bank lender and second-hand goods retailer, Cash Converters operates 155 Australian stores complemented by a growing online […]
Cash Converters sees growth continue as Australia navigates COVID-19
One company that has taken the global pandemic in its stride is Australia’s largest sub-prime lender and second-hand goods retailer Cash Converters (ASX: CCV), which has not only held up against a challenging period but is achieving growth as the Australian economy continues to adapt to COVID-19. Headquartered in Perth, Western Australia the group has […]
