Cash Store Financial/the trades in the stock market as ticker CSFS. Business Summary & Profile For Cash Store Financial/the.

Cash Store Financial/the

The Cash Store Financial Services Inc. provides alternative financial products and services primarily in Canada and the United Kingdom. It acts as a broker to facilitate short-term advances and provide other financial services. The company provides various alternative financial products, including payday loans, signature loans, cheque cashing, title loans, prepaid Mastercards, money transfer services, prepaid phone cards, injury loans, payment protection plans, and various bank accounts. As of March 31, 2011, it owned and operated 579 branches under the Cash Store Financial and Instaloans names. The company was formerly known as Rentcash Inc. and changed its name to The Cash Store Financial Services Inc. in March 2008. The Cash Store Financial Services Inc. was founded in 2001 and is headquartered in Edmonton, Canada.
www.csfinancial.ca
2,300 Employees
Last Reported Date: 02/8/12
Founded in 2001
LAST $6.52 USD
CHANGE TODAY +0.0699 1.08%
VOLUME 8.7K
As of 8:04 PM 02/16/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of CASH STORE FINANCIAL/THE (CSFS)

OPEN
$6.51
PREVIOUS CLOSE
$6.45
DAY HIGH
$6.52
DAY LOW
$6.40
52 WEEK HIGH
05/2/11 - $16.05
52 WEEK LOW
01/4/12 - $5.74
MARKET CAP
113.6M
AVERAGE VOLUME 10 D
10.4K
EPS TTM
--
SHARES OUTSTANDING
17.4M
EX-DATE
02/16/12
P/E TTM
--
DIVIDEND
$0.48
DIVIDEND YIELD
7.39%
K = Thousands  M = Millions  B = Billions

related news

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Key developments for CASH STORE FINANCIAL/THE (CSFS)

The Cash Store Financial Services, Inc. Announces Executive Changes

Gordon J. Reykdal, chairman and chief executive officer of The Cash Store Financial Services Inc. announced the appointment of Kevin Paetz as president and chief operating officer of cash store financial's Canadian operations, effective March 1, 2012. Through the cash store financial and instaloans chains, cash store financial operates a network of 573 branches in over 200 Canadian communities. Mr. Paetz brings over 20 years of directly applicable experience in retail consumer finance. He has established a track record of building profitability through effective sales growth strategies, training initiatives, receivables management and acquisitions. He has deep experience managing large retail networks. Most recently, he spent seven years with Dollar Financial Group in several leadership positions including vice president Acquisitions, vice president of operations, United Kingdom; and vice president, field operations Canada. Mr. Paetz replaces Barret J. Reykdal who will assume responsibilities as president and chief operating officer of cash store financial's United Kingdom operations. This appointment is effective March 1, 2012. Mr. Reykdal played a critical role in the expansion of its Canadian network. His expertise in this regard will be applied to developing its operations in the United Kingdom, where the company now has 23 branches.

The Cash Store Financial Services, Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2011

The Cash Store Financial Services, Inc. reported consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported revenue of CAD 45,848,000 against CAD 47,734,000 for the same period last year. The decrease is in revenue was primarily due to compression resulting from provincial rate caps and certain operational restrictions resulting from regulations that have negatively impacted loan volumes. Branch operating income was CAD 11,777,000 against CAD 13,815,000 for the same period last year. Income before income taxes was CAD 1,434,000 against CAD 5,038,000 for the same period last year. EBITDA was CAD 4,091,000 against CAD 7,500,000 for the same period last year. Net income and comprehensive income was CAD 989,000 or CAD 0.06 per diluted share against CAD 3,352,000 or CAD 0.19 per diluted share for the same period last year. Adjusted EBITDA was CAD 9.5 million, down from CAD 13.0 million for the same quarter last year. This decrease is primarily due to infrastructure investments of approximately CAD 1.5 million related to operational management additions, improved collections capacity, growth of the company's United Kingdom operations, development of its new line of credit product, and a drag on earnings from new branches of CAD 696,000.

The Cash Store Financial Services, Inc. Declares Quarterly Dividend, Payable on March 7, 2012

The Cash Store Financial Services, Inc. declared a quarterly dividend of CAD 0.12 per common share. The dividend is payable on March 7, 2012, to shareholders of record on February 21, 2012.

CSFS Competitors

Company Last Change
Advance America Cash Advance Centers Inc $10.44 USD +2.53
DFC Global Corp $18.82 USD +0.66
Ezcorp Inc $31.16 USD +0.79
QC Holdings Inc $3.67 USD +0.11
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation CSFS Industry Range
Price/Earnings 17.4x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 7.3x
TEV/Sales 0.5x

CSFS

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CSFS transactions

Type
Date
Target
Buyback
January 9, 2012
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2:19 am Cash Store Financial obtains court approval of DIP financing and appoints CRO to replace special committee
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Cash Store Financial Obtains Court Approval of DIP Financing and Appoints CRO to Replace Special Committee
[PR Newswire] - EDMONTON, April 16, 2014 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (CSF.TO) announced today that, further to its news release of April 14, 2014, the Ontario Superior Court of Justice (Commercial List) ("Court") has granted an amended Order with respect to the Company's application for creditor protection under the Companies' Creditors Arrangement Act ("CCAA"). The Court and the Cash Store Financial board of directors have also authorized the Company and its subsidiaries to enter into a debtor-in-possession ("DIP") financing agreement pursuant to which $8.5 million will be available to the Company to enable the Company and its affiliates to continue operations during the CCAA proceedings, with an option, subject to Court approval, to increase the amount of such DIP financing up to a total of $20.5 million.
  Read More...
1:59 am Cash Store Financial successfully obtains court order for creditor protection
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Cash Store Financial Successfully Obtains Court Order for Creditor Protection
[PR Newswire] - EDMONTON, April 14, 2014 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (CSF.TO) announced today that, further to its news release issued earlier today, the Ontario Superior Court of Justice (Commercial List) ("Court") has issued an order granting the Company's application for creditor protection under the Companies' Creditors Arrangement Act ("CCAA"). FTI Consulting Canada Inc. will serve as the Court-appointed Monitor in the CCAA proceedings to oversee the operations of the Company and report to the Court during the restructuring. The Court determined that the Company's request for approval of debtor-in-possession financing ("DIP Financing") will be considered at a hearing scheduled for tomorrow to afford the Court time to consider competing DIP Financing Proposals. The decision to commence CCAA proceedings was made after extensively exploring alternatives following thorough consultation with its legal and financial advisors. The Company sought protection to address near term liquidity issues, which were caused in part by certain regulatory actions taken in Ontario that impacted on the Company's primary product offering in that jurisdiction. In light of these and other matters, Cash Store Financial's board of directors determined that a CCAA proceeding is the most prudent and effective way to carry on business and maximize value for the Company's stakeholders.
  Read More...
Cash Store Financial to Seek Creditor Protection and Reaches Agreement for DIP Financing
[PR Newswire] - EDMONTON, April 14, 2014 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") announced today that the Company's board of directors has voted to authorize the Company and its subsidiaries to bring an application in the Ontario Superior Court of Justice to seek protection from creditors under the Companies' Creditors Arrangement Act ("CCAA"). Cash Store Financial's board of directors has also authorized the Company and its subsidiaries to enter into a debtor-in-possession ("DIP") financing agreement pursuant to which up to $20.5 million will be available to the Company to enable the Company and its affiliates to continue operations during the CCAA proceedings.
  Read More...
1:40 am Cash Store Financial announces agreement in principle to settle investor class action lawsuits
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Cash Store Financial Announces Agreement in Principle to Settle Investor Class Action Lawsuits
[PR Newswire] - EDMONTON, March 31, 2014 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (CSF.TO) today announced that it has entered into an agreement in principle to settle the previously disclosed proposed class action proceedings against the Company and certain of its former directors and officers relating to alleged disclosure violations commenced by investors in Ontario, Alberta, Quebec and New York. The agreement in principle covers all claims related to investments in the Company's common shares and senior secured notes acquired or disposed of during the expanded period of November 24, 2010 through February 14, 2014, other than certain rights and claims of senior secured note holders under the note indenture dated January 31, 2012. The proposed settlement provides for a payment in the amount of approximately Cdn $9.45 million (all-inclusive) by the Company's insurers. The proposed settlement is subject to the fulfillment of customary conditions including, among other things, the parties entering into a definitive settlement agreement, court approvals, approval of parties other than the Company, and the fulfillment of conditions relating to the number of opt-outs from the proposed settlement.
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1:45 am Cash Store Financial provides update on strategic review process
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Cash Store Financial Provides Update on Strategic Review Process
[PR Newswire] - EDMONTON, March 28, 2014 /PRNewswire/ - The Cash Store Financial Inc. ("Cash Store Financial" or the "Company") (CSF.TO) (CSFSF) today announced that the Ontario Registrar of the Ministry of Consumer Services ("Registrar") has issued a final order to refuse a lender's license under the Payday Loans Act, 2008 ("Payday Loans Act") to the Company's subsidiaries, The Cash Store Inc. and Instaloans Inc. The Company is currently not permitted to sell any payday loan products in Ontario and will not be eligible to re-apply for a lender's license for 12 months from the date of issuance of the final order. If the Company chooses to re-apply for a license after such time, the Company will be required to provide new or additional evidence for the Registrar to consider or demonstrate that material circumstances have changed. The Company also announced that it has appealed the previously announced order of the Ontario Superior Court of Justice dated February 12, 2014 pursuant to which the Company's basic line of credit product was declared to be a payday loan and the Company was prohibited from acting as a loan broker in respect of its basic line of credit product without a broker's license under the Payday Loans Act.
  Read More...
CASH STORE FINANCIAL SERVICES INC. Financials
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