CCV 2.27% 22.5¢ cash converters international

Thanks Rodeo I appreciate it,I'm not big on deciphering the...

  1. 1,314 Posts.
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    Thanks Rodeo I appreciate it,

    I'm not big on deciphering the reports.

    I took a position for the dividend and I've recouped about 30% of my capital via that strategy but cash and cash equivalents is starting to worry me now.

    If they get into a position where they can't finance the dividend then the liquidity is going to turn ugly IMO. I feel I might not be able to exit without an overall loss.

    It is indeed a conundrum for me.

    I had a buy sentiment after they came out the other side of the CA but I can't recommend them atm.

    I just noticed you liquidated. I think it was prudent.
    Last edited by hosh: 01/03/24
 
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