The company has always been rather bad with its reporting and there always seemed to be niggly problems cropping up with management. Finally, they have been told to comply with the AIFRS.which should have been the case before this.This changed the way they did their accounts previously and gives us a truer picture of what is going on.The loss from the Statue barred Debt which they tried to fight the ACCC and lost,incurring a $660,000 repayment and a loss of other monies which they cant now collect from these portfolios which of course they have paid for. with the new forcasting formula for returns on purchased debt and the new higher rate of Amortisation the co. and shareholderswill have a fair picture of the companys outlook. Its a good company and i hope the new CEO will now get on with it. RAB
CLH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
