As a long suffering CCV shareholder I am now confident that a line has definitely been drawn in the sand and things are on the up and up. Legal issues are now over and done with and hopefully for good, better and more professional corporate due diligence now in place as a result, revenues on the up and up, free cash flow is looking good, dividend streams to follow. Overall looking very cheap now and growth to come.
Also I think once the funny money (government hand outs, covid payments, super withdrawals) is washed out of the system and interest rates start to increase then I am banking on more people wanting and needing to use the Cash Converter one of the businesses. Lets see where Cash Converters go from here. I'm predicting a special dividend with return of increasing dividends moving forward......but it is only IMO and a bit of wishful thinking.
Todays news may take a little while to filter through through the retailer investors. Todays announcement is also a quiet way of highlighting that better news for shareholders will follow.
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