CCV 2.50% 20.5¢ cash converters international

Ann: Appendix 3B, page-15

  1. 487 Posts.
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    If there is no potential substantial upside, why bother holding this pile of crap?

    It has done nothing for holder but losing money and diluting wealth in the past decade. Even Warren Buffett would have ran out of patience with them by now.

    2009 Market cap - 100 mil
    2019 Market cap - 100 mil

    Imagine you put your money in dumbest investment - fixed deposit account, you will definitely have done better than this without all the nuisance and hearing lame excuses from management. 10 c might have already been too generous.

    Management should bow down to holders and sincerely apologize instead of demanding ever increasing larger pay package.

    2010 corporate overhead - 7.2 mil
    2018 corporate overhead - 28 mil

    A monkey could have done a better job and cost less to employ.
 
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