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
Company updates
We review the company’s current issues that would be of interest to bondholders. These include: replacing banking facilities, government review, management changes and comprehensive business review, litigation. We also provide an update on CCV’s current financial position
Company updates
CCV recorded revenue growth of 13.0% to $374.9m driven by an increase in personal loan interest of $14.6m and establishment fees of $7.8m, and an increase in corporate store revenue of $18.3m
Trade opportunities
See the top rates for bonds and term deposits available this week accurate as at 18 August 2015
Trade opportunities
See the top rates for bonds and term deposits available this week accurate as at 11 August 2015
Company updates
As previously highlighted, Westpac has been reviewing its policy of banking the payday lending sector
Company updates
In case you missed the company news we have published this week, here is a summary
Company updates
On Thursday, Maurice Blackburn launched another class action against Cash Converters (CCV). The class action will seek refunds of all brokerage fees paid by an estimated 30,000 Queensland borrowers from 30 July 2009 until 30 June 2013 – an amount estimated at “up to $30m”