Author: Sillyinvestor

Chairman Message: 1H2017 is a bull run, with the world drunk on Trump’s tax promises, financial deregulation. Sillyinvestor Inc did not gain much from this bull run because there was plenty of profit taking throughout the 1st Half of the year. 1.The company did reach a milestone, and that was the portfolio size including cash finally crosses 100K. We sold Accordia Golf Trust, Yangzijiang, SIngpost and Venture. All except SIngpost were exited with a profit. Singpost Loss is neligible as we manage to buy at a low price. The only buy action was centered at silverlake axis. The story...

I have been walking around Singapore with my family. We been to river safari and sentosa. Broadwalk during rainy days. I thought the view during rainy days are beautiful. Rainy days also mean the crowd is more manageable in the beginning. Otters at river safari are particularly playful and active during the rainy day. Very photogenic. Remind me of the contrarian style of investing. Seeing beauty in the rain. My biggest holding in terms of cost invested is Silverlake axis. It’s has been rainy for a while. People seem not to see the rainbow. They won 3 contracts in...

The S refer to 4 things. Silverlake axis, Singpost, Situation at work and Scolding. Silverlake and Singpost should see better times ahead. Silverlake recognition of Project services rev will pick up fromQ4 onwards. But the golden Goose of GIT is slayed. It stake is less than 5% now, and the accounting profits already captured in this quarter. There could be further loss or gain depending on OTC, but overall it’s game over. So while the core operating no. Might be doing better, it might be offset by the volality of market prices. Also, according to RHB analyst, captured in...

Recently, Silverlake axis has perform poorly in terms of price, especially as compared to iFast, which did better due to a few reasons: a) Positive outlook by management b) better results and 3) insider buying.   I realize the Cash Cow of Silverlake recently is having tough time.   GIT price has already halved (http://www.hupogu.com/S/SZ300465/view-post) and is planning a big acquisition spree. Its latest quarter is bleed almost 15 mio, so it is about 3 mio Sing dollars or 9 mio ringgit. Silverlake holds slightly less than 10% of GIT so its associate loss should be less than 1...

Labels? What is the first thing that comes to your mind?   —– Let me guess. Brands? Handbags etc. Labels refer to anything that can be classify under a name. Brand is a label premises on a PROMISE of quality and a particular experience. Concepts is a label too. Label makes communication easy. Say “fallen angel” in investment context and people understand. It’s makes complex and detailed information concise. It could do the reverse too. I make people react to the first and basic information without regarding the discourse of it. Let’s try another example. Free Cash Flow is...