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I think credit approval and debtor management is very much a...

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jogo

294 Posts.

42

26/02/18

17:49

Post #: 31355986
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Originally posted by Folding ↑

Business may be profitable until you take into account some large scale frauds that have burnt them.
I sell against these guys for a different finance company and have been amazed for years at the pond scum customers that they would happily fund. What's scary is that GoGetta is simply Silverchef for non-hospitality customers. Without having spent one second looking at their financials, I'd postulate that the only thing keeping Silverchef alive is the ability to sell second hand re-possessed goods. But at some point they're going to run out of warehouse space...

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I think credit approval and debtor management is very much a management issue and so your post only emphasises that such a critical area for a finance organisation has been lacking over an extended timeframe.
Thanks for the post which reinforces my current opinion.

SIV Price at posting: $4.78 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $8.76M

Open	High	Low	Value	Volume
15.0¢	15.0¢	15.0¢	$1	7

Buyers (Bids)

No.	Vol.	Price($)
1	25008	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	5162	3

View Market Depth

No.	Vol.	Price($)
2	11383	1.140
1	3456	1.110
2	2411	1.100
2	4531	1.055
1	10845	1.005

Price($)	Vol.	No.
1.150	685	1
1.180	1961	1
1.195	26013	2
1.205	1767	1
1.210	1000	1

Last trade - 15.31pm 12/12/2024 (20 minute delay)

SIV (ASX) Chart