Can someone post a link to Lev's letter which went out to...

First 46 Last

Share
Profile

Follow
SteveSage

564 Posts.

102

13/11/18

16:23

Post #: 36488186
Share

Originally posted by joda: ↑

This is absolutely confusing and most unfortunate considering the jouney over the last 18mths.
The thing is you would think I would understand this world. I have been in the Collection/PDL world since it began in the 80's and transacted millions is debt sale alone e.g. sales as far back as Repcol when it was in business, for several major market players in debt sale and contingency debt.

Having closely looked at both sides of the argument I have come down on the side of Collection House.
Why - because Levi in his latest letter 1/ makes no future comments about what changes he would make and 2/ nor does he provide enough detail and understanding of the business model to convince me that there is substance to his various issues.
SteveSage (as an example) on the other hand, makes a very good argument about several actions taken by the company that are in no way short term benefits to Directors or result in recent inflated profits in my estimation. Raising amortisation rates is a classic example, it improves the buffer should purchases prove harder to collect, as is getting back on the front foot buying more ledger debt. These actions take potential profit off the immediate table.
I am also pretty sure that with the recent focus on analytics, automation and the staff accountability with their nose to the grind stone as they balance compliance will and is clearly driving improved productivity as per the $'s collected.
Conclusion - because its what I would do and therefore it makes sense to me.

So no longer will I sit on the fence - as a top 100 shareholder I have put my money where my mouth is and just voted my proxies 100% in favour of the company position.

Expand

Can someone post a link to Lev's letter which went out to shareholders (or post the contents of the letter on HC).

CLH Price at posting: $1.34 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

There are more pages in this discussion • 29 more messages in this thread...

First 46 Last

Add CLH (ASX) to my watchlist

Can someone post a link to Lev's letter which went out to...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play