Collection House Limited (ASX: CLH) is one of the leading debt collection (aka receivables management) companies in Australia. Collection House provides debt repayment solutions to organisations and individuals. Its bread and butter is buying debt (known as Purchased Debt Ledgers or PDLs) from companies. PDLs represents debt that is past due and owed by customers. Collection House buys this debt for a fee and uses its collections team to recover the amount from the company’s customers, earning a margin in the process.
Tax-loss selling hit the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) on Thursday, the final day of the financial year, with the market sinking close to 1 per cent into the close to finish 2 per cent lower.
The Collection House Limited (ASX:CLH) share price has plunged almost 63% after returning to trading.
Shares in Credit Corp Group Limited (ASX: CCP) are still 48% down from their February highs. Is it time to buy?
Collection House Limited (ASX:CLH) shares have risen more than 9% this morning after the company reported double-digit growth in FY19. Here are the key points.
Collection House Limited (ASX:CLH) is a receivable management company – in plain English, they are a debt collector operating across the country.
I discuss why it could be a compelling time to revisit Collection House Limited (ASX:CLH) shares.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.11% at lunch.
The Collection House Limited (ASX:CLH) share price could be one to consider due to the company’s recent acquisition announcement.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.54% on Wednesday.
