2CC 2 cheap cars group limited

Since I started buying I have never stopped.Even buying today.No...

  1. 549 Posts.
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    Since I started buying I have never stopped.Even buying today.No debt,cash on hand,equity ratio 59.28% strong balance sheet, positive cash flow from operations,stock they can increase or decrease quickly,selling right priced used cars they source themselves from Japan.Current assets 2.7 times current liabilities.Simple profitable business model,with growth prospects.At 88 cents.Low PE ratio [6.28]and high dividend yield [gross 13.14%] beats every other NZ listed company.At $1.25 share price the current PE would be 8.928 while the gross yield would be 9.248% and net yield of 6.65%Deserves a PE ratio between 10 and 12 in my opinion.ie share price between $1.40 and $1.68."It is incredibly tough going right now for very many New Zealanders, but they still need cars, and those cars must be affordable."said 2CC's chairman today.Turners and 2CC are well positioned to supply those cars.
 
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