Note the following announcement and the run-up ever...

Note the following announcement and the run-up ever since.........mmmmmmmmmmmmm


Item: Media Release / Company Announcement
ASX Code: CLH
Date: 24 June 2005
Pages: 2
Collection House results to be “in line with expectation”
Collection House Limited revenue for 2004-05 is expected to exceed $124m
(a 6% increase over the previous year) delivering a full year after tax result in the
range of $12m -$13m (up from$10.6m).
Chairman, Dennis Punches, issued the forecast today after a scheduled Board
meeting. He said that the outcome was pleasing and in line with company
expectations.
“We indicated last year that the best growth would come once again in the
purchased debt segment, and our revenue there is going to be up by around
25%,” he said.
“We continue to follow a simple strategy that has now delivered ten successive
half years of profit since we listed,” he said.
Mr Punches said the Board considered a number of investment issues at its
meeting.
“Rapid Ratings continues to make good progress in the USA and Wall Street
markets. Therefore, in line with our strategy of maximising return on
investments, the Board has committed an additional $3 million over the next two
financial years to further develop Rapid Ratings Pty Ltd as a global commercial
ratings agency,” he said.
“The Board is considering future options for Rapid Ratings, including the
possibility of a float,” Mr Punches said.
He said the Board also discussed the strategic direction of another subsidiary,
ABR (Australian Business Research), and future public listing of the credit
information business is also a possibility.
Mr Punches said that the consideration of a listing for both subsidiaries is at a
very preliminary stage and no specific time-line has been set. Collection House
will make further announcements as and when decisions are made on these
issues.
Collection House Limited will announce its full year result on 24 August 2005.