Ann: Silver Chef - Shareholder Update July 2018, page-3

I was hoping the market might panic a bit more - sucks is life - my low ball bids are still there. Still there is plenty of time, and the key word ASIC.

I find it hard to get too worried about the part of the business that is disappearing, as it is a book value type issue rather than a wholesale earnings multiple issue IMO.

The ASIC news is difficult to quantify, the GG back book statement is annoying, the reduction of guidance doesn't really surprise me at this stage, as the business is in flux. The forecast growth is far far better than we got at the half year v pcp - can they really get that?

I still need to cogitate over it all tbh. It is annoying that we are not provided with the aged debtors profile that they probably look at every day, and that the financiers would likely have had a good look at, for GG - so that we can make up our own minds, rather than getting "trust us" info.