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The latest announcement is out from Cash Converters International Limited ( (AU:CCV) ).
Cash Converters International Limited has successfully completed its retail entitlement offer, raising approximately $25 million in total equity. This funding will support the acquisition of 29 Australian franchise stores, expanding the company’s corporate store presence and enhancing its retail and lending operations on the East Coast of Australia. The acquisition is expected to be completed by December 1, 2025, and will increase operational scale and efficiency, aligning with the company’s growth strategy.
The most recent analyst rating on (AU:CCV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Cash Converters International Limited stock, see the AU:CCV Stock Forecast page.
More about Cash Converters International Limited
Cash Converters International Limited operates in the retail and financial services industry, providing a range of services including second-hand retail, pawnbroking, and personal finance solutions. The company focuses on expanding its presence in high-demand areas across Australia.
Average Trading Volume: 1,002,278
Technical Sentiment Signal: Buy
Current Market Cap: A$203.7M
See more data about CCV stock on TipRanks’ Stock Analysis page.