8I Holdings Limited (ASX:8IH)

I am sort of surprised.

Despite all these negative news & low share prices of 8I & its groups of companies, I believe its educational arm (Millionaires & Value Investment courses) is still doing very well.

Hope time will heal & let see what Ken Chee & Clive have to say in their respective AR to shareholders.

(08-06-2018, 09:06 AM)hh488 Wrote: I am sort of surprised.

Despite all these negative news & low share prices of 8I & its groups of companies, I believe its educational arm (Millionaires & Value Investment courses) is still doing very well.

Hope time will heal & let see what Ken Chee & Clive have to say in their respective AR to shareholders.

If their prospects know about the 8IH performance, I think they would not sign up for their investment course.

Why? Because they can't even run their coy well. 

8I published its full Annual Report for FY2018 yesterday.  https://8iholdings.com/investor-relations/

The basic financial results are already known from their Prelimary Final Report from a month ago, but we may gather some additional facts from this full Annual Report.

- CIO Koon Boon Kee resigned. Hence, he was not fired, but no further details about this.
- A Chairman's Message is added in which the chairman shares his thoughts about some major challenges facing the company.
- We get a glimpse of a new Smart Investing App known as “WealthPark”, in development by 8Bit Global, the AI-based Financial Technology unit of 8I. The beta version is to be released in september 2018.
- The Financial Education program sales are still going strong, as already noted above.

(30-06-2018, 09:20 PM)jaco Wrote: 8I published its full Annual Report for FY2018 yesterday.  https://8iholdings.com/investor-relations/

The basic financial results are already known from their Prelimary Final Report from a month ago, but we may gather some additional facts from this full Annual Report.

- CIO Koon Boon Kee resigned. Hence, he was not fired, but no further details about this.
- A Chairman's Message is added in which the chairman shares his thoughts about some major challenges facing the company.
- We get a glimpse of a new Smart Investing App known as “WealthPark”, in development by 8Bit Global, the AI-based Financial Technology unit of 8I. The beta version is to be released in september 2018.
- The Financial Education program sales are still going strong, as already noted above.

Just wonder what post is the top paying 'trainer' Pauline Teo Puay Lin holding now. Her remuneration was $250K ~ $500K (AR2017)
She was Director and Chief Executive Office of 8VIC Global Pte. Limited

but according to the AR2018, Sean Seah is the CEO of 8VIC.

(02-07-2018, 10:43 AM)Ray168 Wrote: Just wonder what post is the top paying 'trainer' Pauline Teo Puay Lin holding now. Her remuneration was $250K ~ $500K (AR2017)
She was Director and Chief Executive Office of 8VIC Global Pte. Limited

but according to the AR2018, Sean Seah is the CEO of 8VIC.

https://www.digimaticgroup.com/investor-relations/

Pauline Teo Puay Lin is the executive director of 8I's subsidiary Digimatic Group of which 8VIC is now a subsidiary. (Admittedly, it's hard to keep track as 8I seems to continuously change the corporate structures of their activities.)

Digimatic also published their AR2018. Find the link above. At a first, quick reading, results seem reasonable, esp compared to 8I itself. Digimatic has it's own subforum on valuebuddies, where we can discuss this report further.

8I HOLDINGS: Makes Strategic Investment in roboadviser AutoWealth

Written by The NextInsight Team
Published: 18 July 2018

8I Holdings Limited (ASX: 8IH) announced a strategic investment in AutoWealth Pte Ltd, a licensed regional roboadvisor that automates investing and provides comprehensive investment portfolio rebalancing and management for retail investors.

The investment is part of 8IH’s strategy to increase its product offerings and complement WealthPark, the Smart Investing Technology and Wealth Management Platform that 8Bit Global’s Pte Ltd, a subsidiary of 8IH, is developing.

8IH will invest S$1 million in AutoWealth for a strategic minority equity stake. The capital will be used to strengthen its branding and marketing to grow its assets under management.

AutoWealth, a digital financial advisor licensed by Monetary Authority of Singapore and a portfolio company of NUS Enterprise, uses a proprietary algorithm to provide financial advice and investment management online. 

It has created an automated process that cuts the processing time and middleman costs while giving customers customised recommendations on the ideal composition of their investment assets, the initial sum to invest and the periodic investment instalments. 

Investors start their investing journey by taking a three-minute questionnaire, which feeds into the roboadvisory system.

More details in https://nextinsight.net/story-archive-ma...autowealth

Not in particular to 8I, but to those so called auto-invest / AI systems.

After investing for more than 10 years and reading countless books/articles/newsletters/AR/etc, I realize I am still learning and there is always something new to discover. Investing is unlike Math question, where there is usually an absolute answer. Furthermore, depending on situations happening around the world, we might have to adjust our investment holdings accordingly.

When I was younger, I used to invest in unit trusts because I thought professional fund managers, given their expertise, shd achieve better results than me(very little accounting/finance background) DIY. However, I lost money on most if not all my unit trusts.

So for me, at this point in time, I am still apprehensive on how effective these systems are.

AutoWealth has a website with details about their service:
https://www.autowealth.sg

The app automatically invests your money in equity and bond ETF's listed on the NASDAQ and NYSE. They balance between these investments based on your risk profile and also automatically rebalance. The fees are 0.5% per annum + 18 USD per annum.

This is probably not interesting to advanced investors, who can select their own ETF's and thus save 0.5% compared to this app. Or those who are able to select their own stocks and thus save 0.5% plus the ETF costs (let's say 0.5% per annum).

The app may be useful to investors, who don't want to learn about investing. Although they lose 1% per annum compared to the advanced investor mentioned above, this is still less than an average mutual fund / unit trust.

At least, it's a decent product that makes realistic promises, unlike other wealth building schemes associated with 8I.

An article that appeared on Business Times today. Online version available at https://www.businesstimes.com.sg/compani...t-espouses

[Image: vo6893.jpg]

(31-07-2018, 12:57 PM)CuriousWalk Wrote: An article that appeared on Business Times today. Online version available at https://www.businesstimes.com.sg/compani...t-espouses

[Image: vo6893.jpg]

Thanks for sharing

The last statement though...
Why would investors be worried with 8I?
They managed to chain list subsidiaries with ever increasing valuations
Investors in whatever was IPOed should b the ones worried