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
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $144.3M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.5¢ | $126.4K | 561.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 1015969 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.225 |
3 | 117545 | 0.220 |
4 | 147002 | 0.215 |
9 | 219594 | 0.210 |
7 | 229018 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 967512 | 13 |
0.235 | 707181 | 3 |
0.245 | 510341 | 3 |
0.250 | 118002 | 4 |
0.255 | 42776 | 1 |
Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
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