CCV 2.56% 20.0¢ cash converters international

Guidance on track, page-4

  1. 2,407 Posts.
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    "The Company anticipates continued revenue and profit growth of the business in the second half, to deliver stronger net profit for H2 FY18, as compared with H1 FY18"

    From memory first half was NPAT 9.4mil... so if the 2H NPAT is slightly stronger than first half eg. 10.5mil or so.... That will be NPAT of 20mil p.a... Market cap is 180 mil.... so trading well under PE of 10....Considerably undervalued in my view..

    "The Company is not aware of any further ASIC investigations or case files and confirms its guidance for FY2018 remains on track."

    I feel this line above in the announcement went un-noticed today..With a month to go and things on track we can expect a positive 2nd half which will re-rate sp.... Should support a 50c sp easily, good turn around story.... Cheers...
 
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