CCV 1.14% 21.8¢ cash converters international

Ann: Managing Directors Address following AGM 2022, page-2

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  1. 52 Posts.
    lightbulb Created with Sketch. 88
    Seems like 4c EPS mightn't be that far off after all. Especially when the recent NZ acquisition is added in (which produced 3.4m in the prior year and was acquired for 6 times earnings). Free cash flow of course should be even stronger creating headroom for an increased dividend. Management appear to be kicking some goals!

    https://hotcopper.com.au/data/attachments/4779/4779129-5ed7401ed30ef2417b382b8382faaabc.jpg
    * As of 25th Oct AGM update. This is before the addition of the NZ stores which is expected to complete in late 2022
    ** Assumed FY22 $11m impairment is non-recurring; 10% increase in Advertising; 5% increase in all other expenses; $5m increase in Bad Debts
    *** Assumed NZ acquisition is paid for from 1H cash flow therefore year end cash balance is unchanged
 
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