Forum Archive Index - August 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

Stockness, 1.24 pm: CLH acquires $A 40.0 mill. worth of debt ledgers, some of it high quality debt.

 

They put up the cash to buy these and they have got the money!

CLH has divulged that their total debt ledger's work amounts to $ A 550.0 mill.

 

This is where the profits are! In my opinion, that puts them well at the top as far as this type of recovery is concerned!

 

They also had an additional $A 2-3 Bill. debt to recover in April.( I don't have the latest data ). The profit margin on the latter is much less. 

 

CLH holders will be pleased that this highly competent company will only issue reports when necessary.

 

They are quiet workers, no undue publicity, no panic, and they are keen to tell you the NPAT result! 

 

Their first Annual Announcement at the end of August?

 

Readers may refer to my reports from 23-25 June 2001.

 

Gerry