8I Holdings Limited (ASX:8IH)

(09-10-2017, 03:29 PM)Ray168 Wrote: So many M&A going on.... don't really know what is this company core strength.

IMHO L, a Rojak combination. [emoji30]

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Just coincidently browsing this company (when reading SIAS's FB talking about VIC), the share price has tanks to A$0.27.

Does anyone know what trigger to this 'crash'?

Is it due to "Option to sell 8VIC Global Pte Limited and acquisition of substantial interest in Digimatic Group Ltd"?
https://8iholdings.com/wp-content/upload...eement.pdf

Why they want to sell their 8VIC? lol.... 

(11-11-2017, 02:53 PM)Ray168 Wrote:

(09-10-2017, 03:29 PM)Ray168 Wrote: So many M&A going on.... don't really know what is this company core strength.

IMHO L, a Rojak combination. [emoji30]

Sent from my SM-N910G using Tapatalk

Just coincidently browsing this company (when reading SIAS's FB talking about VIC), the share price has tanks to A$0.27.

Does anyone know what trigger to this 'crash'?

Is it due to "Option to sell 8VIC Global Pte Limited and acquisition of substantial interest in Digimatic Group Ltd"?
https://8iholdings.com/wp-content/upload...eement.pdf

Why they want to sell their 8VIC? lol.... 

1. Net profit for HY2018 is $2~4M (HY2017 $15.9M)

2. Option is dispose 8VIC
https://8iholdings.com/wp-content/upload...-Final.pdf 

ASX Announcement: 28 November 2017, Singapore

Digimatic Group Ltd. (ASX: DMC) is pleased to announce that it has completed the acquisition of 100% equity interest in 8VIC Global Pte. Limited (the "Transaction") for a consideration of 1,525,216,000 pre-consolidated shares at a deemed issue price of A$0.042 per share, with the approval of the Transaction by DMC shareholders at the General Meeting held on 23 November 2017.

The full announcement is available here:
http://www.asx.com.au//asxpdf/20171128/p...1mw9yy.pdf

For more information, please contact info@digimaticgroup.com.

63million valuation.

(28-11-2017, 05:24 PM)Terry Wrote: ASX Announcement: 28 November 2017, Singapore

Digimatic Group Ltd. (ASX: DMC) is pleased to announce that it has completed the acquisition of 100% equity interest in 8VIC Global Pte. Limited (the "Transaction") for a consideration of 1,525,216,000 pre-consolidated shares at a deemed issue price of A$0.042 per share, with the approval of the Transaction by DMC shareholders at the General Meeting held on 23 November 2017.

The full announcement is available here:
http://www.asx.com.au//asxpdf/20171128/p...1mw9yy.pdf

For more information, please contact info@digimaticgroup.com.

63million valuation.

Its some kind of a RTO exercise. Possibly 8IH bailing out DMC???
Now 8IH is the biggest shareholder of DMC with 66.7%.
Those who bought DMC during IPO or initial stage kena scammed big time.
It was AUD0.20 then....with 50 to 1 consolidation, original cost worked out to be AUD10.00!!
DMC hardly any liquidity with big spread of 1.10/1.90 (Bid/Offer) today, zero vol traded.

Unless some miracle happens, I can't foresee those early investors can recover their holding costs.

Share price hit 0.175 today...this is ALL TIME low. If I recall correctly, IPO was at 0.20.
Well...if share price is a reflection of a company's fundamentals...this is really food for thought.

WOW... the price dropped to $0.115. The lowest ever. Hmmm will it go lower or is now a good time to buy? Would this be considered a undervalued stock or is it still risky?

Sorry for the newbie question... just started learning how to invest.

$0.115 is a good price if it has assets worth twice as much.

What assets does it have and how much are they worth?

They have about $64m of assets. That’s quite a lot right?

But I read from the latest release that they expect some loss... so is that good or bad? Since they have so much asset, they be able to keep going for quite a number of years ... correct?

(09-05-2018, 10:26 PM)Investorguy888 Wrote: They have about $64m of assets. That’s quite a lot right?

But I read from the latest release that they expect some loss... so is that good or bad? Since they have so much asset, they be able to keep going for quite a number of years ... correct?

U must first ask yrself...are you buying for growth or buying for its assets. If a company keep losing money, assets will ultimately be destroyed. If loss is a one time and u trust the management that they can turn the biz around, then maybe you can still consider.

A large part of 8I's assets is an investment in their own Hidden Champions Fund. I was following this value investing fund with interest as the writings of the CEO/CIO Koon Boon Kee were interesting and made sense to me. Also, the fund was doing well. I was considering buying the 8I stock at some point as an indirect way to enter this fund at a discount. (btw I am not advertising this without doing further research first: it may be a gamble when the other activities of 8I lose so much money that creditors could lay claim to the fund's proceeds.).  

However... I just checked and noticed Kee's last writing was of february 2018. Also, his name is removed from the 8I Holding's website, while the other Fund employees are still listed. Did 8I and Kee parted ways after only 2 years?