With the All Ordinaries falling below 4000, many people are speculating about the possibility of a double-dip recession, which would potentially be more damaging than 2008; with Governments around the world no longer able to provide 2008 levels of stimulus to try and re-start their economies. To me, there are 2 factors I’m considering in…
Month: September 2011
Cash Converters – Risk Off (CCV)
The recent release of the Federal Government’s Consumer Credit Protection Amendments bill has rightly caused alarm for Cash Converters shareholders. The premise of this amendment is to propose capping the fees for small amount payday lending, which would in effect make the Australian payday loans part of the Cash Converters business unprofitable. Due to the…
Supply Network FY11 numbers
Having steadily risen during 2011, from the 40c range to its current price of 69c, the thinly-traded SNL has been a standout performer, booking a 12-month shareholder return of 126%, thanks to price appreciation and an unbelievable 8c of franked dividends in FY11. This begs the question, has this return reflected the underlying performance…