This is an outstanding result:
Postives;
- all sectors growing and growth accelerating.
- NZ acquisition is accretive and will add to H2 results.
- minimum 2 cents fully franked Div per year
- No outstanding legal issues and AUSTRAC investigation over with no penalty.
- simple and squeaky clean B/S now that good will is gone.
- strong Balance Sheet and cash flows
- now trading at just over 2 times 2023 EBITDA and around 5 times PE.
- many growth and accretive acquisition opportunities.
- cost of living and potential recession is positive for CCV
- can easily fund divs and smaller acquisitions with cash flows.
Negatives;
- market perception of payday lenders
- decline of SACC (although new products will mitigate most of the decline)
- recession can blow out Bad debts (but they seem to have their arms around this).
This is a buy and hold for me. Take the fully franked dividend and just wait. With these growth rates it has to go up sooner or later .
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- Ann: CCV H1 FY2023 Results Presentation
Ann: CCV H1 FY2023 Results Presentation, page-5
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $131.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.3¢ | 20.5¢ | $162.0K | 773.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 305739 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 60782 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 305739 | 0.205 |
7 | 256951 | 0.200 |
5 | 127322 | 0.195 |
6 | 489907 | 0.190 |
16 | 527927 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 60782 | 4 |
0.215 | 454811 | 12 |
0.220 | 941956 | 17 |
0.225 | 368561 | 8 |
0.230 | 350000 | 3 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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