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News Breaks
December 9, 2013
08:04 EDTDLLRDFC Global acquires 27 pawn lending and gold buying stores in Spain
DFC Global Corp. announced the acquisition of Monte Caja Oro, a chain of 27 stores primarily located in the Andalusian and Catalonian regions of Spain, which brings the Company’s total store count in the country to 58 locations. The acquired stores primarily offer pawn lending on gold jewelry, as well as gold buying services. The total purchase price of the transaction at closing was approximately $6M in addition to payment for the value of the pawn pledge inventory. The acquisition is expected to be immediately accretive to earnings. “Given recent developments in the United Kingdom, we wanted to provide a little more color to the investment community on our current position,” added Mr. Weiss. “What we are seeing today in the U.K. as it transitions to a regulated mainstream marketplace for short-term credit products is very similar to what we previously encountered in the United States and Canada, both markets where caps were eventually placed on rates or the total cost of credit. Those markets are now highly regulated and we operate very successfully in both countries. We endorse regulatory efforts to ensure consumers are appropriately protected and believe we are well-positioned through our market-leading position and our significant investment in manual collections infrastructure to thrive in a tightly regulated U.K. market. While the landscape remains very fluid, we believe going forward it would be best to reserve additional comments on the U.K. regulatory environment until final regulations are promulgated.”
News For DLLR From The Last 14 Days
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April 16, 2014
10:51 EDTDLLROptions with decreasing implied volatility: DLLR FAST INTC
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April 13, 2014
20:02 EDTDLLRLifeLock, DFC Global have more downside, Barron's says
LifeLock's (LOCK) valuation looks rich and shares could have further downside. Investors say private equity firm Lone Star Funds offer to buy DFC Global (DLLR) for $9.50 undervalues the company. Investors should beware of both stocks, Barron's argues in its "The Trader" column. Reference Link
April 10, 2014
06:05 EDTDLLRStocks with implied volatility movement; DLLR K
Stocks with implied volatility movement; DFC Global (DLLR) 34, Kellogg (K) 22 according to iVolatility.
April 9, 2014
05:48 EDTDLLRStocks with implied volatility movement; DLLR BX
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