CCV 0.00% 21.0¢ cash converters international

I picked up shares at 20c last week.I look at CCV and wonder why...

  1. 586 Posts.
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    I picked up shares at 20c last week.

    I look at CCV and wonder why it appears so cheap. Reading HC many posters have offered good reasons, Thank you.

    What I see:
    PE of 6
    Business appears to be in recovery mode and growing at ~ 30% pa. in an industry which benefits in tough economic times.
    10% div yield fully franked which grosses up to 14.28% by my calcs.
    It appears that the company could afford to increase the div to 2.5c or even 3c/sh pa although this might not suit EZcorp's agenda.

    Has me wondering why these insto's below sold.

    Any ideas?

    https://hotcopper.com.au/data/attachments/5767/5767197-2d66affd677fdb3648c023bb5e66aa04.jpg
 
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21.5¢ 21.5¢ 21.0¢ $63.62K 298.5K

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6 128033 21.0¢
 

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Price($) Vol. No.
22.0¢ 288785 10
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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