Analyst Research Report Snapshot

Title:

Cash Converters: 1H13 results overview

Price:

$81.00

Provider:

Microequities

Date:

18 Feb 2013

Pages:

7

Type:

AcrobatPDF

Companies referenced:

CCV.AX

Available for Immediate Download
Summary:

Cash Converters recently announced its first half FY13 results showing significant growth in its personal loan books and cash advance division. The level of growth in the Australian loan book surprised us, driven by the online lending platform. The UK division continues to suffer elevated bad debt levels, but we believe could deliver real value in the medium term as the book matures and roll out continues into all stores.The company’s share price has more than doubled since we began coverage last year. Is there still value? Find out in our 7 page update report.

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