The UK Presents an Opportunity
CCV has outperformed the Small Ordinaries index by 38% since CY12. Octa Phillip Financial Group believe this is a result of the market understanding the impacts of changes to the National Consumer Credit Protection Act on CCV’s core business.
Octa Phillip forecast ~15% EPS growth in FY13 driven by continued growth in CCV’s store network and loan books. Growth is expected to moderate in FY14 due to the changes in the regulations mentioned above.
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