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6.8¢ collection house limited

Thanks Skinsy. More purchases means more opportunity. Seems to...

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05/06/18

20:08

Post #: 33513937
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Thanks Skinsy. More purchases means more opportunity. Seems to be more news coming out on the stock. Barefoot saying anything?

Originally posted by skinsy11 ↑

Marcus today:
"CLH is another we are tempted to add to the portfolio. Again a recent upgrade from the company is a catalyst and the stock could easily move back up towards 200c. The key to this one is how much debt it buys. The company is a very efficient debt collection business, so the more debt it buys the more profit it can make. The Purchase debt ledger has been upgraded to $80m-$84m and could well be a beneficiary of stricter prudential controls following the Royal Commission and also the huge household debt burden that Australian have. Any rise in rates will help this business."

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CLH Price at posting: $1.63 Sentiment: Buy Disclosure: Held
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0 Great analysis

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