Persitentone looking at ccv's pe ratio over the last 10 years...

Persitentone looking at ccv's pe ratio over the last 10 years and trying to work out an average is not the best way to go about it.

Reason being ccv business and its earnings are alot different now than 10 years ago. It was only 4-5 years ago that its pay day lending business started to kick off and make up the majority of earnings. Also the uk is just starting to really kick. Ccv has more stores in uk than oz. Uk population is 60m vs Oz's 21m. So just on this one could assume uk's earnings to become 3 x's Oz's. Their online lending is starting to make in roads too.

Also the way our market works is that the larger the market cap generally the higher the PE ratio due to more commetry in the media and buying by big institutional funds.

So all in all there is still plenty more upside than downside.