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[sharechat] CLH buys $ 240 mill. debt ledgers

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 4 Sep 2001 23:43:35 +1200

The share price of CLH is now $ 4.20 and the prospective 2002 P/E is 23.0.

Gerry

From Stockness:

CLH COLL HOUSE FPO

COLLECTION HOUSE LIMITED                      2001-09-04  ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
Collection House Limited today announced the purchase of two debt
portfolios from Australian financial institutions. The purchased
ledgers have a total face value in excess of $240 million.

The purchase of these ledgers further consolidates the ledger segment
of the business.

Managing Director and Chief Exe
cutive Officer John Pearce said that
he expects the ledger segment of the business to be a long-term
contributor to the revenue of the organisation.

For further information contact

John Pearce
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Ph: 61 7 3292 1022
Mobile: 0419 734 326
Email john.pearce@collectionhouse.com.au

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