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The latest announcement is out from Cash Converters International Limited ( (AU:CCV) ).
Cash Converters International Limited has announced a fully underwritten institutional placement and a partially underwritten pro-rata accelerated non-renounceable entitlement offer to raise approximately $25 million. The funds will be used to acquire a 29-store franchise network across several Australian regions, aligning with the company’s growth strategy. The entitlement offer is not extended to shareholders outside Australia and New Zealand due to regulatory and cost considerations, impacting ineligible shareholders’ ability to participate.
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, primarily focusing on second-hand goods and personal finance solutions. The company is known for its pawn broking, personal loans, and retailing of pre-owned items, targeting markets in Australia and internationally.
YTD Price Performance: 40.0%
Average Trading Volume: 801,910
Technical Sentiment Signal: Buy
Current Market Cap: A$218.3M
For an in-depth examination of CCV stock, go to TipRanks’ Overview page.