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In the 10-year period ending December 31, 2016, our compound annual total shareholder return of 10. 4 far outpaced the SP 500, as we delivered total return of 171.
Mukheibir laughs. Word of mouth gets around. But from a brand performance perspective, Cash Converters has enjoyed 25 year-on-year growth when even very well-run brands like Massmart have only seen 3 to 5. How. Its founded on how much stock we have to sell, and we never have a challenge selling because its advantageous to the consumer to buy something thats six months guaranteed and half the price theyd pay for it new.
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Similarly, PDAs are up 30 because people need cash. How do you turn ordinary Joe into a money lending cash advance for truckers. Weve spent a lot of money upping our operational staff, which has doubled in 18 months, to support the franchise network. You also want to lend relative to the value of the asset, so weve also got sophisticated IT that shows a franchisee what price to pitch for products, as we sell thousands of items across the network weekly.