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September 6, 2017

CML Group Limited - CGR

GICS Sub-Industry - Commercial and Professional Services

Current Price - $0.34

Market Capitalisation ($M) - 45.9

As of 06/09/2017 16:00 AEST

What Do They Do?

CML Group (ASX:CGR) is a provider of factoring/receivables finance. Factoring is a financing method in which a business sells its accounts receivables/ invoices at a discount to a third-party funding source to raise capital. CML has a tightly focused credit approval process, which enables it to assess and approve new facility applications within 24 hours of receiving the relevant information. It is then possible to settle a new account within five working days.

CML provides a payment of typically up to 80% of a client’s invoice in advance of payment from their customer (often 30 to 60 days). Invoices funded are also covered by insurance. The current policies are from QBE and a subsidiary of Allianz, both of which cover all losses greater than $5,000 to a maximum of 90%. CML therefore has recourse to the end debtor...

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Any information has been prepared for the purpose of providing general information only, without taking account of any particular investor's objectives., financial situation or needs, It is not an offer or invitation for subscription or purchase, or a recommendation of any financial product and it is not to be relied on by investors in making an investment decision. Past performance is not a reliable indicator of future performance. To the extent any general financial product advice is provided in this document, it is provided by Glennon Capital Pty Ltd ACN 137 219 866, AFSL No. 338 567. An investor, before acting on anything construed as advice, should consider the appropriateness of such construction and advice having regard to their objectives, financial situation or needs..

 

Phone: (02) 8027 1000

Email: info@glennon.com.au

PO Box R281,

Royal Exchange

NSW, 1225

 

Level 17

25 Bligh Street

Sydney NSW 2000

(c) 2018 Glennon Capital. All rights reserved.