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Random thoughts: Silly Inc Corporate updates
By Sillyinvestor  •  November 19, 2018
Dear Readers, It was stated last year the Silly Inc will no longer do half-yearly intern report, but so much has happened in Q3 that I, as the Chairman, find it necessary to give a update. First of all, the rule of diversification of that our counters in our portfolio should be around 5-10% by cost value is broken. The company accumulate Silverlake Axis prior to its strong Q1 report and the company itself now takes up almost 15% of the whole portfolio value. We still have about 50% of the portfolio in cash. Rationale for the accumulation is Silly Inc believed the company should be in the cusp of recovery due to capex recovery from the banks. The average purchase price of the counter is 50 cents, and break even price after accounting for dividends received so far is 43 cents, so we are still in the red. However, ...
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By Sillyinvestor
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