Ann: Appendix 4C Cash Flow Report, page-12

It is quite possible that the PDL sale was contingent on the short-term being provided. Probably a good outcome for both CLH and CCP.

CLH are definitely 'fighting for their life'. Management will need to turn things around quickly to achieve a positive outcome for shareholders.

I don't have an issue with senior management being well paid given the reputational risk in taking on such a task, but of course there is only value to shareholders (and other stakeholders) if they are successful. The collections business is not a particularly agile one, so it will be a significant challenge for them and they are being remunerated accordingly.