I am assuming they mean they had to focus their time on correcting GoGetta. They did improve the GoGetta business however it was not giving the same ROE as Silver Chef hence the exit of GoGetta.
In terms of the arrears, their is a margin of safety with the borrower as they put down a Bond and also if the borrower continually doesn't pay, then they can take back the equipment, refurbish it and rent it again (obviously there is a cost to do this).
I am assuming they mean they had to focus their time on...
Add SIV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
-0.010(6.25%) |
Mkt cap ! $7.576M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $1.463K | 9.632K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29637 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 3118 | 2 |
View Market Depth
| Last trade - 15.58pm 03/12/2024 (20 minute delay) ? |
| SIV (ASX) Chart |
