Out of here, page-5

Consider the following:

Silver Chef Australia ~ 100 customers / employee
Silver Chef New Zealand ~ 100 customers / employee
GoGetta Australia ~ 100 customers / employee
Silver Chef Canada - 30 customers / employee;

and yet, Canada is already into profit. We've been told by the Board that Canada is a very similar market to Australia, so imagine the profits once the Canadian start-up normalises to the expected customer / employee ratio.

The potential of this company has always been obvious to me. Canada is surely the North American beach head into the U.S. Both the model's effectiveness and resilience is proven, the markets for massive growth are there, there's no geographical limit to either Silver Chef or to what could well be the eventual overseas ace in the pack, GoGetta. There is still tons of re-rating for this company and the current P/E ratio should prove to be too low even not too far into the future.