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2.27%

22.5¢ cash converters international

What the total loss of FY15?, page-18

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fyang1024

150 Posts.

09/08/15

22:10

Post #: 15776183
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Originally posted by HSP ↑

Do you agree that PAYDAY is very short term loan?
Nothing to do with a borrower who borrows once in ten years or once in every month, as long as the loan book is not decreased.
eg 1m people take payday loans (total loans=$80m) & return the loans in one month, then another different 1m people take payday loans (total loans=$80m) & return the loans in one month, then keep going===>total loans is same, $80m, and those borrowers can take only once loan for all life, but the transaction = 1 million*12 =12 million, the brokerage fees charge 12 million times (not 1 million times). The higher frequency the more brokerage fees charged
(Reality, some take 1 week, some take 2 weeks ..... at point time, have 1.1m borrower; at different time have 0.8m borrowers ......)(my above example focused simpler and easier to understand)

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Let's using your modeling, each month the overcharge won't be 112% but 112% / 12, which is about 9%.
Remember that both 48% cap and 160% real interest rate are annualised rate. Regardless, the end result would be the same.

CCV Price at posting: 53.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 22.5¢		Change 0.005(2.27%)		Mkt cap ! $141.1M

Open	High	Low	Value	Volume
22.0¢	22.5¢	21.5¢	$61.09K	275.6K

Buyers (Bids)

No.	Vol.	Price($)
1	110000	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	150904	2

View Market Depth

No.	Vol.	Price($)
1	110000	0.220
7	252856	0.215
14	366630	0.210
6	215340	0.205
6	132627	0.200

Price($)	Vol.	No.
0.225	150904	2
0.230	920199	17
0.235	707181	3
0.240	7994	1
0.245	503908	2

Last trade - 16.10pm 07/10/2024 (20 minute delay)

CCV (ASX) Chart