abn amro lift valuation to $2.30 from $1.80 on col

ABN Amro have just raised their valuation of Collection House (CLH) to $2.20 from $1.80.

And it's recommendation on the stock to "add" from "hold". ABN Amro says it is increasingly confident about a turn around in Fiscal 2004 and forecasts a 70% earnings growth.

From the Financial Review on Friday..

(I think the take over specualtion will fuel it without a problem also.. see previous post).


PS Sorry I didn't reply to you PussnBoots .. I didn't see your post till today.

CLH looks like good buying still at these levels..and I can't believe that my re-entry at 1.55 was so well timed ;-)