Cash Converters have made some poor acquisitions over the years and then written off these investments when they didn’t work out.
There is a new management team in place now so hopefully they will make better decisions.
if the expected return on any investment isn’t up around 18% to 20% then they should be investing in acquisitions but growing the loan book or returning the cash to shareholders.
Ann: FY21 Full Year Results Investor Presentation, page-27
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Last
22.8¢ |
Change
-0.003(1.09%) |
Mkt cap ! $144.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $44.28K | 192.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97352 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 434143 | 10 |
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| Last trade - 14.29pm 19/11/2024 (20 minute delay) ? |
| CCV (ASX) Chart |