Ann: CLH Reports First Half Results 1H18, page-4

PDL collections per hour - Rivas came to the business and made 1 key statement, something along the lines of... We will use technology to drive our collection rate per hour up, 100% has achieved this... To the point of flat EPS after a significant fall in PDL purchases made prior to Rivas's time - excellent management IMO.

Increase in FY outlook on the back of more purchases - excellent... With the better rate of collections per hour this partially negates the high PDL price that CLH and others are paying - so obviously the key ingredient in their success....

It is interesting to note that the increase in PDL is most attributed to banks... With a royal commission and rising interest rates sometime in the future this bodes well for CLH and the rest of the collection industry.

I bought at an average of $1.10 based on Rivas's promises - he has been progressively delivering, well done CLH team.