CLH - Collection House

[peter2]

For those of you who think this is still a good business, the chart looks much better now.

Price has filled the last gap down and now we wait for a higher low and further signs of demand.

 

[galumay]

I still think CCP is a much better business - and better buying even at current prices.

 

[pinkboy]

When will we see a speeding ticket for CLH?

$1.15 Friday, $1.36 today.

pinkboy

 

[DVV11]

Thoughts after yesterday's results.

 

[The Triangle]

I took CLH off my watch list today due to the appointment of new the CFO (Ex. Silverchef). As a rule I try to avoid investing in a company which appoints people who have come immediately from a company which has had severe troubles.

 

[Blade Runner]

Just wondering what peoples expectations are with the up coming AGM and what after the recent turmoil with other shareholders, is next year going to look like for CLH

 

[Dona Ferentes]

Just wondering what peoples expectations are with the up coming AGM and what after the recent turmoil with other shareholders, is next year going to look like for CLH

Turmoil seems to follow this company. In suspension for several months .... came across this in an ANO announcement of a few days ago

Collection House Limited (“CLH”) & ASX
Many of our shareholders may be unaware that our Chairman is currently in court with the
ASX and CLH as a result of the ASX publishing a market release for CLH which was
defamatory towards our Chairman. Further, CLH remains voluntary suspended. More
concerning is that the issues raised by our Chairman appear to be the reasons CLH has
extended its voluntary suspension for now 2 months.

ANO believes this is in part one of the reasons we are having difficulties and delays with the
ASX at present

(- don't hold, never have)

 

[ChristopherJ]

Newish to investing, I have held 1k worth of CLH shares for couple of years, recentely tried to sell them, seems to be a problem with them, is selling them going to be hard work?

 

[peter2]

You'll have to wait until the suspension ends and CLH resumes trading to sell them.

 

[Dona Ferentes]

You'll have to wait until the suspension ends and CLH resumes trading to sell them.

Administrators called in. Join the queue.

The Administrators are appointed to the ASX-listed Collection House only and not its subsidiaries

 

[Dona Ferentes]

Collection House had been cutting staff and offloading assets such as debt ledgers to rival Credit Corp in an effort to lessen its own bank borrowings and save cash. By April, it said it had largely reduced its senior bank debt by $52 million, with almost $5 million outstanding and secured against Volt Bank shares.

(!!)

 

[Dona Ferentes]

More re Volt:

Collection House invested $8.5 million for a 4.5% stake in Volt in 2019. A new round of funding by Volt in 2020 saw the value of CLH’s Volt shareholding cut to $4.9 million. That fell to $3.5 million in 2021.

As of April this year, Collection House had a $5 million debt that was secured by the stake in Volt.

“CLH has a remaining $6m senior debt facility secured on a limited-recourse basis against the Company’s investment in Volt Bank Limited. $1.0 million of this Volt Facility was repaid during March 2022 with the outstanding balance now $5.0 million. CLH continues to actively explore opportunities to realise this investment and expects to repay this remaining facility in the near future,” Collection House said in a statement to the ASX on April 26.

... and it all came to naught.

 

[System]

On November 29th, 2022, Collection House Limited (CLH) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following the transfer of all shares of CLH to Credit Corp Group Limited.