Silverlake Axis

Can anyone share with me why the share price has fallen so much over the past week ? I haven't found any earth shattering news - apart from the previously mentioned short seller report ?

No idea. I would buy more if I had excess cash. 2 news though.

1. Datuk yvonne chia (former cimb) disclosed that she has 100k silverlake shares.

2. congratulation letter to aeon, found on sgx announcements


http://infopub.sgx.com/Apps?A=COW_CorpAn...dc360731d0

Silverlake Axis Congratulates AEON Group on Successful Implementation of Retail Automation Solution in Indonesia Singapore, 2 June 2015 – Singapore Exchange Mainboard listed Silverlake Axis Ltd (“Silverlake Axis” or the “Group”), a leading provider of Digital Economy Solutions and Services to major organisations in Banking and Financial Services, Payments, Retail and Logistics businesses, would like to congratulate AEON Group on their recent success in the implementation of PROFIT Retail Automation Solution in Indonesia.

QR Technology Sdn Bhd (“QR”), a wholly owned subsidiary of Silverlake Axis, is a provider of the proven global retail automation and management solution. Its PROFIT Retail Automation Solution is used by large and varied retailer groups in Asia and internationally. AEON Indonesia is the latest rollout of PROFIT to support AEON Group’s expansion in Asia. This was in preparation for the opening of AEON’s first shopping mall in Indonesia on 30 May 2015.

One of AEON Group-wide strategy is to focus on growing its business in ASEAN countries to benefit from the growing domestic consumerism. AEON opened its first stores in Vietnam and Cambodia in 2014, followed by Indonesia in 2015 and has plans to open more stores in 2016. “QR is AEON Group’s retail automation solution strategic partner since 2003 with the first rollout of PROFIT in AEON Malaysia. The successful rollout of PROFIT in AEON Indonesia is a testimony of QR’s continued commitment to support AEON Group’s expansion in ASEAN,” said Dr Raymond Kwong, CEO and Group Managing Director of Silverlake Axis.

About QR: QR Technology Sdn Bhd (“QR”), a wholly owned subsidiary of Silverlake Axis, is a global enterprise solutions provider for leading retailers. Its PROFIT Retail Automation Solution is the proven comprehensive retail automation, merchandising management and accounting solution supporting varied, flexible and scalable retail businesses - from large departmental stores/shopping malls to sports stores, restaurants/cafes, DIY outlets and specialty stores and from hypermarkets, supermarkets to mini-markets and convenient stores. Their key customers include AEON Group in ASEAN, Marks & Spencer franchise operations in Europe, Middle East and Asia, and Robinson Group in ASEAN.

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Edited for readability

I am not vested in Silverlake Axis one way or the other... But I would take note of the significant related party transactions in the footnotes of the companies. They make for an interesting read.

As SAL says, has "The Company wishes to inform its shareholders that it has duly complied with all applicable statutory and listing requirements relating to its business".

On hindsight, recent share price tumbling down is due to valuation was too high.






Not vested.

Since the blogger removed it from his site, we should respect it and not duplicate it here. I have removed the post here.

Thank you

Regards
Moderator

Moderator, while I understand and respect your statement, allow me to add the following comments.

The blogger has not issued any statement about the removal of his/her blog post. We can not blindly conclude that the blogger now believes that his/her posting was incorrect. There are many reasons for which a blogger choses to remove a post or is forced to remove a post while he/she is still standing behind its contents.

The blog post in question can be found back by using a free and public webcache service. I did so and urge any (prospect) investor in Silverlake Axis to do the same and read the posting. The accounting issues brought up are quite technical in nature and apply to historical (2006-2010) financial years. The red flags mentioned seem to have merit at first sight.

Disclosure: No position in Silverlake Axis

(05-06-2015, 01:20 PM)jaco Wrote: Moderator, while I understand and respect your statement, allow me to add the following comments.

The blogger has not issued any statement about the removal of his/her blog post. We can not blindly conclude that the blogger now believes that his/her posting was incorrect. There are many reasons for which a blogger choses to remove a post or is forced to remove a post while he/she is still standing behind its contents.

The blog post in question can be found back by using a free and public webcache service. I did so and urge any (prospect) investor in Silverlake Axis to do the same and read the posting. The accounting issues brought up are quite technical in nature and apply to historical (2006-2010) financial years. The red flags mentioned seem to have merit at first sight.

Disclosure: No position in Silverlake Axis

Good comment. One point we should agree, blogger removed the post from his site himself, for whatever reason(s), either willingly or unwillingly. We shouldn't chose to keep it out of curiosity, by speculating the motive behind.

Regards
Moderator

(05-06-2015, 01:20 PM)jaco Wrote: Moderator, while I understand and respect your statement, allow me to add the following comments.

The blogger has not issued any statement about the removal of his/her blog post. We can not blindly conclude that the blogger now believes that his/her posting was incorrect. There are many reasons for which a blogger choses to remove a post or is forced to remove a post while he/she is still standing behind its contents.

The blog post in question can be found back by using a free and public webcache service. I did so and urge any (prospect) investor in Silverlake Axis to do the same and read the posting. The accounting issues brought up are quite technical in nature and apply to historical (2006-2010) financial years. The red flags mentioned seem to have merit at first sight.

Disclosure: No position in Silverlake Axis

Dear jaco,

Is it possible if you can provide me the link of this free and public webcache service? I did a google but seem like it can't get me to the right website.

Probably it is due to the legal action threat. No one want to risk a legal suit when the company warn to take legal action against the personnel. It will be silly to defend for a blog post with legal cost and for the sake of some website traffic.

(05-06-2015, 05:31 PM)hongonn Wrote: Is it possible if you can provide me the link of this free and public webcache service? I did a google but seem like it can't get me to the right website.

Here you go: http://webcache.googleusercontent.com/se...d-in-asia/

There seems something wrong with the background image. However, if you print the page to a PDF, it becomes readable.

Hint: use the keywords of the article's title to find the original locations where it was published, then prepend the google webcache url before those locations.

Quote: Probably it is due to the legal action threat. No one want to risk a legal suit when the company warn to take legal action against the personnel. It will be silly to defend for a blog post with legal cost and for the sake of some website traffic.

Agree, but there are more principles in play, like freedom of speech, getting the truth out, standing by your opinion and not giving in to bullies with money and power.

But then again, we don't have any statement from the blogger's side, so it remains unclear what forces are at work.

Thanks jaco.

Learned something new today. So basically it's a hardcoded url query that you have to manually append the url you want to view the cache. I got the article.

The funny thing about the whole episode: The article was posted on 27 Apr and it went unnoticed by the general public, until the company purposely made an SGX announcement on 20 May and crashed its own share price. What i see in the announcement just plain denial without any backing data or explanation on its accounts to comfort shareholders.