Cash Converters (CCV) will go ex dividend on 10/3/2011. The current dividend payment is 1.75 cents and it is 100% franked. The record date is 17/3/2011 and the dividend will be paid on 31/3/2011. Based on the full year payment the dividend yield is 3.7%.
*Current Yield: 2.0% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.
Cash Converters (CCV) will go ex dividend on 10/9/2010. The current dividend payment is 1.5 cents and it is 100% franked. The record date is 16/9/2010 and the dividend will be paid on 30/9/2010. Based on the full year payment the dividend yield is 5.0%.
*Current Yield: 2.5% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.
Cash Converters (CCV) will go ex dividend on 11/3/2010. The current dividend payment is 1.5 cents and it is 100% franked. The record date is 17/3/2010 and the dividend will be paid on 31/3/2010. Based on the full year payment the dividend yield is 4.3%.
*Current Yield: 2.2% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/2/2010. Current yield is based on the current dividend payment only.
Cash Converters (CCV) will go ex dividend on 10/9/2009. The current dividend payment is 1.5 cents and it is 100% franked. The record date is 16/9/2009 and the dividend will be paid on 30/9/2009. Based on the full year payment the dividend yield is 5.2%.
Current Yield: 2.6% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 4/9/2009. Current yield is based on the current dividend payment only.
Cash Converters International Limited (CCV) is pleased to announce the acquisition of a franchised store in Barnsley, which is a town ideally located in the northern corridor of England, where the Company’s UK corporate store group is located. This store was purchased from the existing franchisee for a total purchase price of £662,212 which included assets of £108,946. The acquisition price represents an EBIT multiple of 2.99 times. The acquisition of this store is anticipated to increase the Company’s EBIT by in the order of AUS$443,000 (£221,500) in its first full year of ownership.
Cash Converters (CCV) announced an increase in revenue of 23% as well as a profit increase of 30% and is thriving in the current economic conditions. The last year has been the most successful in the Company’s history with a record net profit after tax of $15.1m, up 30% on last year’s result.
The first four months of this financial year have also been strong. The performance of the Group during this period sees net profit after tax up $1.1m against the budget on which our full year published guidance of $12m NPAT for 2009 was based. Accordingly, the Company expects that it will at a minimum achieve a result of $13.1 million net profit after tax, taking into account the Group’s performance during the first 4 months of this year.
The Directors of the Company recommend an interim, fully franked dividend, of 1.5 (one and a half) cents per share to be paid on 31 March 2009 to those shareholders on the register at close of business on 17 March 2009.
http://www.cashconverters.com/
The financial crisis is good news for pawnbroking chain Cash Converters, which has reported a 15% increase in sales over the last two months.
A report in The Australian today describes how increased rents and the flagging job market are forcing many consumers to be more discerning in their purchases, and seeking out near-new items at pawnbrokers is becoming a more attractive option.
A Cash Converters spokesperson says the company has not seen a dramatic rise in the number of people seeking to sell goods, but that this would be monitored closely in the next few months.
Fashion and homeware label Country Road is also bucking the downward trend of the retail sector, forecasting a 70 80% rise in first-half net profit.
Unfortunately though, these results are standouts in an otherwise bleak outlook for the sector.
Stock for your watchlist:
CCV Cash Converters International
CPR Clive Peeters
CTY Country Road
DJS – David Jones
HVN Harvey Norman
TRS The Reject Shop
Further information:
http://www.theaustralian.news.com.au/story/0,25197,24945644-5013404,00.html
http://www.theaustralian.news.com.au/business/story/0,28124,24945106-5018018,00.html
http://www.theaustralian.news.com.au/business/story/0,28124,24945008-5018018,00.html
