I’m drawn to two statements:
- Although showing improvement on the first half of the year, the percentage of hospitality contracts in arrears at the end of the March quarter remains too high and continues to be a focus for Management in the fourth quarter
- the performance of Silver Chef was below expectations, with lower than expected revenue growth and an increase in bad debts. While we experienced some softer market conditions in Australia and made management changes in Canada, the main cause of the weaker performance was the distraction caused by GoGetta.
How is gogetta a distraction? It is/was part of the company. They couldn’t fix gogetta and claimed they could last year - so how are they going to fix hospitality?
any more comments from @piobmhor? Still if this touches $3 I’ll probably buy back.
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- Ann: Silver Chef - Letter to shareholders and market update
Ann: Silver Chef - Letter to shareholders and market update, page-16
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