Thanks for that @dantdm2017. Seems to concur with the report in the AFR yesterday-
"Collection House saw net profits rise 17 per cent to $30.7 million, partly fuelled by acquisitions, accounting changes and one-off deals. Earnings per share, which is linked to short-term bonuses, also rose. But its own “normalised” earnings before interest, tax, depreciation and amortisation fell 7 per cent to $85.1 million. A weak performance in its collection services division, which tracks down cash on behalf of big institutions, was linked to disruption from the banking inquiry and the federal election"
I also note in the results presentation (page 21) that CLH no longer operates out of Adelaide. Did they close the office there down? @Pinginhard can you confirm if that is the case, and if so, when did that happen?
CLH Price at posting:
$1.22 Sentiment: Sell Disclosure: Not Held