8I Holdings Limited (ASX:8IH)

A home-grown Singapore company 8IH listed in ASX on Dec 2014, suffered one of her worst trading day today, with a drop of 17% to $0.32 (close to the ipo opening price). 8I Holdings is a Singapore-based investment holding company investing in public-listed companies and private businesses, and providing financial education. 

Since IPO, 8IH have many m&a transactions and notably 2 very profitable spin-off companies (Digimatic and Velocity Property Group) in successive years which are also listed in ASX. There is also an upcoming potential IPO of the education arm 8VIC in the Catalist board by this year end. 

Market cap: $110M
P/E (Historical): 11

Open thread for discussion and any insights   https://8iholdings.com/

So what could be the reason for the sharp pullback to close near its IPO price? It is profitable & its PE is now at more reasonable level.

Rem it went up as high at over $1.30 at one time?

(12-07-2017, 10:10 PM)ryan Wrote: A home-grown Singapore company 8IH listed in ASX on Dec 2014, suffered one of her worst trading day today, with a drop of 17% to $0.32 (close to the ipo opening price). 8I Holdings is a Singapore-based investment holding company investing in public-listed companies and private businesses, and providing financial education. 

Since IPO, 8IH have many m&a transactions and notably 2 very profitable spin-off companies (Digimatic and Velocity Property Group) in successive years which are also listed in ASX. There is also an upcoming potential IPO of the education arm 8VIC in the Catalist board by this year end. 

Market cap: $110M
P/E (Historical): 11

Open thread for discussion and any insights   https://8iholdings.com/

I am not sure those 2 spin off are profitable and good companies, did not delve into details.
If I am not wrong, they are trading below IPO prices, esp Digimatic.

(13-07-2017, 08:40 AM)mslee888 Wrote:

(12-07-2017, 10:10 PM)ryan Wrote: A home-grown Singapore company 8IH listed in ASX on Dec 2014, suffered one of her worst trading day today, with a drop of 17% to $0.32 (close to the ipo opening price). 8I Holdings is a Singapore-based investment holding company investing in public-listed companies and private businesses, and providing financial education. 

Since IPO, 8IH have many m&a transactions and notably 2 very profitable spin-off companies (Digimatic and Velocity Property Group) in successive years which are also listed in ASX. There is also an upcoming potential IPO of the education arm 8VIC in the Catalist board by this year end. 

Market cap: $110M
P/E (Historical): 11

Open thread for discussion and any insights   https://8iholdings.com/

I am not sure those 2 spin off are profitable and good companies, did not delve into details.
If I am not wrong, they are trading below IPO prices, esp Digimatic.

Response to Querry by ASX  

Frankly, I really do not know what is the core value of this company despite reading their Annual report for several times. 

Have looked at their business, corporate actions, management track record and what they preach and practise on "value investing" before in some details. At one point, it bafflingly was trading at 10x NAV on very low volume. Nothing much to add other than that I concur with what the couple of articles below say:

https://investingisbusiness.wordpress.co...size-gain/

http://www.fool.com.au/2015/04/27/could-...h-9-cents/

Btw, the blog has more than one entry which could be of interest.

(13-07-2017, 03:39 PM)Debronic Wrote: Have looked at their business, corporate actions, management track record and what they preach and practise on "value investing" before in some details. At one point, it bafflingly was trading at 10x NAV on very low volume. Nothing much to add other than that I concur with what the couple of articles below say:

https://investingisbusiness.wordpress.co...size-gain/

http://www.fool.com.au/2015/04/27/could-...h-9-cents/

Btw, the blog has more than one entry which could be of interest.

I enjoyed reading those links you provided.

Ken Chee, its founder and chairman, and VIC, its education subsidiary, kept appearing on my facebook. And from the posts I read, I did not have a good impression of this company. Mainly because of their expensive financial education courses. And to a lesser extent, him bragging about his success.

^^^ saw a bunch of the 'Millionaires' trainees at Breadtalk AGM a few years back......

(13-07-2017, 03:39 PM)Debronic Wrote: Have looked at their business, corporate actions, management track record and what they preach and practise on "value investing" before in some details. At one point, it bafflingly was trading at 10x NAV on very low volume. Nothing much to add other than that I concur with what the couple of articles below say:

https://investingisbusiness.wordpress.co...size-gain/

http://www.fool.com.au/2015/04/27/could-...h-9-cents/

Btw, the blog has more than one entry which could be of interest.

Sound like left pocket change name go to right pocket. 
Right pocket change name go to left pocket again. 

(13-07-2017, 03:39 PM)Debronic Wrote: Have looked at their business, corporate actions, management track record and what they preach and practise on "value investing" before in some details. At one point, it bafflingly was trading at 10x NAV on very low volume. Nothing much to add other than that I concur with what the couple of articles below say:

https://investingisbusiness.wordpress.co...size-gain/

http://www.fool.com.au/2015/04/27/could-...h-9-cents/

Btw, the blog has more than one entry which could be of interest.

Here are 2 earlier write-ups on 8I Holdings' Financial Engineering
https://investingisbusiness.wordpress.co...11-months/ 
https://investingisbusiness.wordpress.co...-holdings/

Beware very aware of their next IPO

(13-07-2017, 01:32 PM)Ray168 Wrote: Response to Querry by ASX  

Frankly, I really do not know what is the core value of this company despite reading their Annual report for several times. 

I went to read through the annual reports (FY15/16/17) at their website. I felt it was written with (wanting to give an impression of) "candor". Personally, i feel the comparison and usage of "Buffett stylized language" is a little too much to be desired. Things bought to an extreme, usually wouldn't have its desired outcome/usefulness.

It is interesting that 8i holdings was listed on ASX in 2014, although the main market and money-earning subsidiaries are operating in SG/Msia (and now expanded to China and other countries in the last 1.5years). I did a search and only managed to find one The Edge article interview in which they revealed that they were "being advised not to bother trying to go public in Singapore" I do take note that there is a geographical mismatch between the investment holding company and its subsequent assets - this setup is not too different from a lot of Chinese companies that list in foreign countries, but assets continued to be denominated locally - making enforcement almost impossible.

I do also take note of their investments at the end of each reporting period - which were listed down at the end of the AR reports to comply with ASX listing rules. Since the appointment of the new CIO --> there were 14 companies in AR16 (213 transactions). In AR17, it expanded to 27 companies (410 transactions), with only 6 from 2017 remained. I guess their "Hidden/Growth" Champions are pretty dynamic!

8i holdings annual reports: https://8iholdings.com/investor-relation...or-centre/

Singapore’s 8I makes waves on ASX: https://8iholdings.com/wp-content/upload...5-p.20.pdf