CLH 4.44% 21.5¢ collection house limited

Trying to understand CLH

  1. 715 Posts.
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    Hey guys,

    I've sat on the sidelines watching this one for many years, I'm a value-based investor, this security presents itself as potentially the greatest value proposition on the ASX today. So what's going on?

    Book value - .6 ($1.65)
    ROE - 14.1%
    Cash - 54.1 million
    Operating profit - 51.3 million
    And of course, paying income (if you're into that).

    All very decent numbers that most listed companies aren't achieving.

    Most of these figures are roughly 50% of its closest listed competitor Credit Corp Group (CCP), however, while CCP has taken off from .40 to $33 in the last 12 years. Collection House seems to have just made decent cash, paid a solid income and sat for the most part stagnate.

    So I guess my question is for those that have followed this company, why does that market neglect these above-average returns? Do you put this down to poor management, over-diversification or something else?

    Without this missing piece, I find it hard to press the buy button even at these types of valuations.

    Appreciate your feedback in advance.

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Mkt cap ! $30.51M
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22.0¢ 22.0¢ 21.0¢ $61.25K 285.4K

Buyers (Bids)

No. Vol. Price($)
2 8453 21.5¢

Sellers (Offers)

Price($) Vol. No.
22.0¢ 26740 2
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Last trade - 15.36pm 05/03/2021 (20 minute delay) ?
-0.010 ( 2.22 %)
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21.5¢ 22.0¢ 21.0¢ 31462
Last updated 14.34pm 05/03/2021 (live) ?
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