Maxi-Cash Financial Services Corporation

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#78
> Having say so, Maxi-Cash PE of 39 versus average banking and finance sector's PE of 11-12 is over
> -priced IMO. I assume bonus issue and high dividend payout ratio play an important role to push
> -up the valuation.

IMO, the pawnshop loan assets is likely to be more real and easy to convert to cash. I believe when u pawn a rolex watch, IF IT IS REAL, they will give you probably $75 for a $100 market watch. And then plus interest of 1% per mth, which ends up with 12% interest per year.

So the downside is less than a bank's loan books, especially business loans. A bank property loan, they want the business, they accept the developer's high valuations.

Their biggest expenses could the location of the shop they rent.

Anyone can confirm this?
Reply


Messages In This Thread
RE: Maxi-Cash Financial Services Corporation Ltd - by Contrarian - 11-03-2013, 01:13 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)