Company updates
Adani’s outlook revised by S&P, Capitol Health release a trading update, Cash Converters released their 1Q17 update, Emeco to hold a creditors’ scheme meeting and more
Company updates
On an underlying basis, Cash Converters have reported solid results for FY16, despite being impacted by restructure costs and provisioning. FY17 guidance was provided and their 19 September 2018 fixed rate note, while relatively short dated with a high margin, appears fair value given the uncertainties
Opinion
Periodically over the last financial year we’ve discussed where value can be found during uncertain times. With several important situations that have impacted the “lower for longer” global markets, we look at what this means for investors
Company updates
Adani provides a market update on its capital management initiatives, Fortescue is calling its remaining 2019 unsecured bonds, and a long list of results from other companies
Company updates
Maurice Blackburn has launched a second class action against Cash Converters in the Federal Court of Australia relating to customers in Queensland. The first Queensland class action, launched in July 2015, remains active
Company updates
Cash Converters is to make an announcement following the final report into Small Amount Credit Contracts. NCIG announced a proposed refinancing to its commercial structure, allowing additional credit support from major shareholder BHP. Newcrest delivers a 33% quarterly uplift in their cashflow margin
Company updates
The government review panel has tabled its final report into Small Amount Credit Contracts (SACCs) and consumer leases. This will have an effect on Cash Converter’s (CCV) business, however this is difficult to qualify and we await an ASX statement from the company which the CFO advises to expect in the coming week
Company updates
Cash Converters has posted solid results with strong performance across its core Australian business, while announcing the exit of loss making UK and car leasing businesses
Company updates
Company research
An ASX listed provider of alternative credit services (personal loans) and second hand goods retailing. CCV has experienced solid growth and underlying profitability. It has demonstrated strong cash generation which is a reflection of relatively low debt levels and the high margin personal lending business