Professional
Added to YB: 2025-07-04
Pitch date: 2025-07-02
CLG.AX [neutral]
Close the Loop Ltd
+12.5%
current return
Author Info
Company Info
Close the Loop Ltd engages in the collection and recycling of electronic equipment, imaging consumables, plastics, paper and cartons, and other related activities in Australia, Europe, South Africa, and the United States.
Market Cap
AUD 17.0M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.01
P/E
3.34
EV/Sales
0.44
Sector
Commercial Services and Supplies
Category
N/A
June 2025 Update - Close the Loop Ltd
CLG.AX sold: Electronics refurbisher acquisition initially positive but red flags emerged with poor cash conversion despite 85% EBITDA growth. Sold after January downgrade, avoiding subsequent going concern issues. Key lesson: When questioning 'Where's the cash?' despite good accounting numbers, exit position.
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