About Cash Converters

Cash Converters are an ASX listed company (Code: CCV) headquartered in Perth, Australia. They have 2 main streams to their business; sale of second hand goods, and financial services (cash advance and personal loans). Now with over 700 retail stores, which are franchised, they have a presence in 21 countries. Cash Converters have recently announced the acquisition of 3 new Queensland stores, taking the total number of stores in Australia to 64.

2013 was a good year for Cash Converters. Revenue grew 16.4% to $272.7m. Net profit after tax was $32.9m, up 11.7% on the previous year. This was a result of growth in a number of areas, including franchise establishment fees, retail store revenue, and an increase in personal loan interest.

The web store has over 200,000 registered users and generates around 7 million unique visits.In Australia, this accounted for $3.5 million in retail sales (as well as 1.2 milion pounds in the UK).

The outlook for Cash Converters is looking positive, with continued growth expected for 2014.

Key Challenges/Questions....
What is the Risk of Franchising? How long does it take to recover costs?
Financial Services license to offer loans and cash advances
Interest rates?
Competition?

Cash Converters Links:

Latest News:
http://www.cashconverters.com/CompanyOverview/LatestNews

Annual Reports:
http://www.cashconverters.com/Investors/AnnualReports