Cash Converters International

The share price of Cash Converters has increased six fold since reaching a low of $0.22 in November 2008, and almost 150% over the past year. On 31 August 2011 the share price initially dropped 40% after its largest shareholder, Nasdaq-listed Ezcorp, pulled an offer to take a 53% controlling stake after the Australian Federal Government announced it wanted to introduce strict caps on fees and charges for micro-lenders. The watered down rules take affect from 1 July 2013 with higher loan volumes expected to more than compensate for any minor impact on Cash Converters’ profitability. Though the Australian...

The share price of Cash Converters has increased six fold since reaching a low of $0.22 in November 2008, and almost 150% over the past year. On 31 August 2011 the share price initially dropped 40% after its largest shareholder, Nasdaq-listed Ezcorp, pulled an offer to take a 53% controlling stake after the Australian Federal Government announced it wanted to introduce strict caps on fees and charges for micro-lenders. The watered down rules take affect from 1 July 2013 with higher loan volumes expected to more than compensate for any minor impact on Cash Converters’ profitability.

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