CLH 0.00% 6.8¢ collection house limited

Ann: CLH Suspension Update, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,940 Posts.
    lightbulb Created with Sketch. 399
    They really have quite a few problems to overcome - they cannot be relisted until they post their HY19 accounts. - they obviously cannot post their accounts because the current changes in strategies caused by AFCA intervention and new regulations has created collection timing problems and higher discounted rates which have effects on valuations - changes in valuations may likely cause loan covenant breakage - auditors are unlikely to sign off on accounts which are not in accordance with what is now industry accepted rates and practice. Once they have sorted out that jigsaw puzzle they may be back trading. All IMO. Not dissimilar to the PNC problem except the PNC CEO accepted the challenges and stayed put.
 
watchlist Created with Sketch. Add CLH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.