Shares & Derivatives
Random update on Silverlake axis
By Sillyinvestor  •  May 5, 2017
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 mio. It would have change from a 2 mio profit to a 1 mio loss such that 3 mio is gone. But that is less than 3% of it gross operating profits.   There is also concerns what type of private entities of Mr Goh is going to inject into Silverlake. From ......
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By Sillyinvestor
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