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CCV - Cash Converters

Discussion in 'Stocks 0-H' started by Trader Paul, Jan 6, 2008.

  1. Trader Paul

    Trader Paul

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    :)

    Hi folks,

    CCV ... could well be strong this week, as a strong positive cycle is triggered, by a lunar
    aspect on 07012008 and a minor cycle comes into play, around 11012008 ... which is also,
    one year from the 2007 high, on 12012007 ... :)

    ..... in the meantime, there has also been a 50% retracement, in the CCV price.

    happy days

    paul

    :)

    =====
     
  2. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Hi Paul, is thsi company affected by subrime?

    Business Description
    Cash Converters Internationals (CCV) core business is as franchiser of the Cash Converters stores, a retailer of second hand goods. As at June 2006, CCV operated a total of 450 stores worldwide in Australia the UK, US, Europe, Singapore, Thailand and Malaysia.


    thx

    MS
     
  3. exberliner1

    exberliner1

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    yes CCV is affected by sub prime.... CCV is a global group of franchised pawn shops so as economies deteriorate CCv will get more customers both as sellers to raise cash and as buyers buying cheaper secondhand stuff.

    Info source.... I used to have a gf who worked for them in Kilburn in London.

    EB
     
  4. eladamrine

    eladamrine

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    What do you guys make of the goodwill listed as assets in cash converter's 2008 fy report, totalling 43 million?
    I'm not sure if these are intangible assets, and if you would include them as apart of book value...as in are these worth anything?
     
  5. shakazulu

    shakazulu

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    CCV - Check the announcement (4.5% interim dividend, 9% earnings increase)

    Thats freaky. Everyone's giving profit downgrades and these guys post an upgrade. Did anyone get in?

    shak
     
  6. Calliope

    Calliope

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    Re: CCV - Check the announcement (4.5% interim dividend, 9% earnings increase)

    Pawnbrokers and usurers do well in bad times. These are also the times when their trusted, but poorly paid suppliers, the housebreakers are very active.
     
  7. Fool

    Fool

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    CASH CONVERTERS about to open at new 52 week high, a lot of brokers have been recommending this stock lately.
     
  8. ROE

    ROE

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    Got this baby when it hovering around 40 cents.

    It covering a very fast growing micro lending market with extremely profitable margin.. this market I reckon will have massive grow in the next decades.

    There are 2 more stocks on my radar for pick up when bargain hits and I got the Whole market cover
    no need to worry who is winning or losing the market share :)
     
  9. wecanallinvest

    wecanallinvest

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    CCV is a very well run operation.

    Profit in 2005 was 3 million and profit in 2009 was 16 million - not a bad growth path, with a steady history of dividends and EPS growth.

    Anyone ever heard of a pawn broker going broke? This one is a keeper in my book.
     
  10. McCoy Pauley

    McCoy Pauley Get out of here Budweiser!

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    Looks like I managed to pick the near top of this most recent run. It's pulled back about 10% since I bought into it, which isn't a nice thing, but it has gone ex-dividend recently, so it should be expected, I suppose.

    A bloke in my apartment complex works part-time as a manager at a CCV store and he reckons that business is booming.
     
  11. wecanallinvest

    wecanallinvest

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    Just some profit taking because of the good recent run it had....

    Some more good points on CCV in case you are losing heart:

    - P/E of less than 9
    - Debt/equity of around 20%
    - Return on equity of around 20%
    - 2 major shareholders being JP Morgan and HSBC
    - and the list goes on.... :)

    Judging by the recent pickup in buy volume, buyers are realising the value and stepping up ready to grab it at a good price. And yes I hold CCV and will continue to hold at the current price levels.
     
  12. ROE

    ROE

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    Another sleeper super stars on the rise..

    Revenues from ordinary activities up 34.8%

    Profit from ordinary activities after tax up 34%

    Net profit attributable to members up 33.8%

    This is just the beginning ...more to come in the next couple of years
    and FY11 off to a good start predicted another 27% grow...
     
  13. KurwaJegoMac

    KurwaJegoMac

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    Indeed! It's looking quite good. Increased my holdings as a result :)

    I think it's still quite cheap relative to earnings so will be holding this one a while I think.
     
  14. ROE

    ROE

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    I'm with you on this one bargain at this price even :D

    I been following their strategy in the last 12 months, very clever, this provide frame work for multi years of double digit return...another superstar in my book.

    start to get a bit of coverage now .... this sleepers is just open its eye and havent even got out of bed...wait until it's out of bed and running :D

    http://news.theage.com.au/breaking-...s-turns-trash-to-treasure-20100824-13q4c.html
     
  15. ROE

    ROE

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    No you havent, the market just mis-priced it :D

    When I buy a great business I recite uncle Warren words :D

    "Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time."

    and CCV is a wonderful business in my book and time will be your friend

    when time is your friend combine with compounding is the greatest force in the universe you have a very good time in the market
     
  16. ROE

    ROE

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    The market now weighting Ccv
    Lot of coverage very bullish
    We sit back and enjoy the fireworks
    With the best seat in house cos we got in
    Before the mass turn up
     
  17. robusta

    robusta

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    Well done ROE I missed the boat on this one but will be watching for any opportunity
     
  18. IFocus

    IFocus You are arguing with a Galah

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    I took a piece out of this move one of the straightest trends I have seen for some time
     
  19. Spudded

    Spudded

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    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 :)
     
  20. ROE

    ROE

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    Look for their big brother in the US ezcorp for some direction of where this industry is going ...ezcorp which has 33% in CCV

    Last quarter ezcorp increase earning by 33%, they due to release result 1st quarter on Jan 20 and ezcorp is a top of the top dog in term of performance in the US market.

    10 years chart comparasion to the dow -- up 10% ... ezcorp 8200% :D

    10 Years time we measure the ASX with CCV :)
     
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