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6.8¢ collection house limited

Not sure what point is being made. Administrator will aim to...

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dantdm2017

121 Posts.

12

10/07/22

16:11

Post #: 62463969
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Originally posted by gosh: ↑

The Administrators are appointed to Collection House only and not its subsidiaries.
Founded in 1994 and listed on the Australian Securities Exchange in 2000, the Group is made up of a number of brands offering a range of professional, ethical and effective products and services:
Legal services including
insolvency administration
Debt purchasing
and recovery
Customer service outsourcing
for third parties
Nationally recognised training provider in financial services
and leadership
Debt collection services and receivables management for
third parties
Provision of financial hardship services for third parties
Licensed specialist finance broker for the provision of credit
Tailored debt collection services, specialising in Local Government
New Zealand supplier of receivables and debt management

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Not sure what point is being made. Administrator will aim to sell wholly owned subs being the last tangible assets of parent. I suspect proceeds will barely cover costs of admin, possible small return to creditors, nil to shareholders. That's the risk taken with a punt on a distressed small cap.

Last edited by dantdm2017: 10/07/22

CLH Price at posting: 6.8¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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