They have: - around 28m in revenues from collection services - around 50m in expenses including a jobkeeper subsidy (8m direct collection costs, 25m staff, 5m D&A, 4m interest, 9m other)
So a 22m loss expected for 2H unless something changes.....I mean why have they still got 740 staff (only down 90 from Dec19) when the biggest part of their business has been sold. Looks like they are going to burn through that 33m in cash in 9 months just to pay expenses rather than build back the business
What are they thinking?
CLH Price at posting:
24.5¢ Sentiment: Sell Disclosure: Held
