Looks like a win for CCV's and related to the recent jump in trading volume and price over the last few days http://www.dailytelegraph.com.au/news/gillard-government-doubles-the-maximum-interest-rate-vulnerable-consumers-can-be-slugged/story-e6freuy9-1226281090334... I only wish news like this...
To be honest it looks like you have looked into the business side of this more than me (something I probably need to work on). From my analysis it has a massive ROE, has been around for a long time (80's), prior GFC it has a consistently growing revenue. During the financial crises it didn't...
I'm trying to figure this out as well... It looks like one shop has closed indefinitely due to the flooding but the 10% drop in price in the past 2 days surely couldn't be due to the news of one shop shutting down?
http://www.cashconverters.com.au/qldfloods/
Well played sir!
I got in at 64 cents and according to my calculations they are still undervalued to their IV. Great company, looks like they have a great future :)
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