Silver Chef: strong earnings momentum expected to continue
Silver Chef (ASX:SIV) delivered an interim result ahead of expectations and is guiding for a better full-year forecast than the market had factored in. SIV, which has been a long-term holding of OC Funds Management, provides equipment funding to small and medium-sized businesses and originally focused solely on the hospitality sector. SIV has more recently expanded its offering outside hospitality to the broader commercial/industrial space through its GoGetta brand and has also launched into Canada during the past 12 months. Both GoGetta and the Canadian business are performing above market expectations and with the core business also performing well, we expect SIV’s asset base to continue to expand and its strong earnings momentum to continue. (VIEW LINK)
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Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.