8I Holdings Limited (ASX:8IH)

(16-12-2018, 12:02 PM)jaco Wrote:

(12-12-2018, 09:56 PM)Ray168 Wrote: Some observation of 8IVC

1. China branch was hot in 2017. But now it was drop from the group. 
   
2. New CEO annual remuneration is $144K. Is he one of the board member or just a employee?
   
3. Could not find the share holding information. Anyone has insight? 
   
4. Clive is Non-executive Chairman .... so he is passive now?
   
5. Where is Sean? He was 8VIC CEO isn't it? 
   

So does this change means that the 2 founders of 8IH were kick out?
Lol.


Above is just a personal opinion. 

I think you might miss something. 8I Holdings Limited is the parent of 8VIC and still active: https://www.8iholdings.com/
Ken Chee and Clive Tan are employed in this holding. The China activities are held in this holding (not sure why it's not under 8VIC), as well as the property business, the Hidden Champions Fund and some other activities.

Sean Seah was indeed 8VIC CEO and has now disappeared from all written materials. There is also no announcement of his contract being terminated. It reminds me a bit of the disappearance of KB Kee. Maybe Sean Seah is also gone?

Sean Sean left awhile already

(23-12-2018, 09:31 PM)Ray168 Wrote:

(23-12-2018, 06:34 PM)Investorguy888 Wrote: Sorry... I have a noob question.

I read somewhere that there is a change in Chairman of 8IH. It seems like he’s stepping down or something. Would it affect 8IH shares? I bought some a while back just to try-try so I’m just wondering if I should hold, buy more or cut loss.

No change in 8IH board members. 8IH board

They use 3R investing strategy... so do you think that 8IH and/or 8VIC meet the 3R?

Obviously its not. If it is, then what they have been preaching or teaching are just a heap of rubbish.
Anyway no matter how nice it in theory is not so practicable or executable in the real world.
Too many unknown factors.
Whether 8I can turnaround is also a big question mark now.

(22-01-2019, 08:32 AM)mslee888 Wrote:

(23-12-2018, 09:31 PM)Ray168 Wrote:

(23-12-2018, 06:34 PM)Investorguy888 Wrote: Sorry... I have a noob question.

I read somewhere that there is a change in Chairman of 8IH. It seems like he’s stepping down or something. Would it affect 8IH shares? I bought some a while back just to try-try so I’m just wondering if I should hold, buy more or cut loss.

No change in 8IH board members. 8IH board

They use 3R investing strategy... so do you think that 8IH and/or 8VIC meet the 3R?

Obviously its not. If it is, then what they have been preaching or teaching are just a heap of rubbish.
Anyway no matter how nice it in theory is not so practicable or executable in the real world.
Too many unknown factors.
Whether 8I can turnaround is also a big question mark now.

Chance upon a Fund Management site, they use 3R since day one.
Don't know who is the copy cat.

"....We call our investment process the “3-Rights” (Right Business, Right Price and Right Management). Subject to the 3-Rights criteria being met, we are usually fully invested holding little or no cash. For us, performance attribution is from securities selection and portfolio construction, not market timing."
Yeoman Capital Management - Process

(22-01-2019, 01:35 AM)quicksilv07 Wrote:

(16-12-2018, 12:02 PM)jaco Wrote:

(12-12-2018, 09:56 PM)Ray168 Wrote: Some observation of 8IVC

1. China branch was hot in 2017. But now it was drop from the group. 
   
2. New CEO annual remuneration is $144K. Is he one of the board member or just a employee?
   
3. Could not find the share holding information. Anyone has insight? 
   
4. Clive is Non-executive Chairman .... so he is passive now?
   
5. Where is Sean? He was 8VIC CEO isn't it? 
   

So does this change means that the 2 founders of 8IH were kick out?
Lol.


Above is just a personal opinion. 

I think you might miss something. 8I Holdings Limited is the parent of 8VIC and still active: https://www.8iholdings.com/
Ken Chee and Clive Tan are employed in this holding. The China activities are held in this holding (not sure why it's not under 8VIC), as well as the property business, the Hidden Champions Fund and some other activities.

Sean Seah was indeed 8VIC CEO and has now disappeared from all written materials. There is also no announcement of his contract being terminated. It reminds me a bit of the disappearance of KB Kee. Maybe Sean Seah is also gone?

Sean Sean left awhile already

No wonder Sean Seah now on Youtube channel and e-learning business. 

Invest with Sean

(22-01-2019, 10:58 AM)Ray168 Wrote:

(22-01-2019, 08:32 AM)mslee888 Wrote:

(23-12-2018, 09:31 PM)Ray168 Wrote:

(23-12-2018, 06:34 PM)Investorguy888 Wrote: Sorry... I have a noob question.

I read somewhere that there is a change in Chairman of 8IH. It seems like he’s stepping down or something. Would it affect 8IH shares? I bought some a while back just to try-try so I’m just wondering if I should hold, buy more or cut loss.

No change in 8IH board members. 8IH board

They use 3R investing strategy... so do you think that 8IH and/or 8VIC meet the 3R?

Obviously its not. If it is, then what they have been preaching or teaching are just a heap of rubbish.
Anyway no matter how nice it in theory is not so practicable or executable in the real world.
Too many unknown factors.
Whether 8I can turnaround is also a big question mark now.

Chance upon a Fund Management site, they use 3R since day one.
Don't know who is the copy cat.

"....We call our investment process the “3-Rights” (Right Business, Right Price and Right Management). Subject to the 3-Rights criteria being met, we are usually fully invested holding little or no cash. For us, performance attribution is from securities selection and portfolio construction, not market timing."
Yeoman Capital Management - Process

Yeoman been around a long time. Aggregate Asset was sort of spin off from there.

I found this blog with a bunch of postings concerning 8I and their businesses, all written in december 2018. It reconstructs the Digimatic dealings once again, but also offers thoughts on 8I's promotional activities and the upcoming Wealthpark project. I believe these blog posts may add to the discussion we already had in this forum:

https://sincereinvesting.wordpress.com/

Note: I am not the blogger and do not know who it is. I was just trying to find some information about the Value Investing Summit, that 8I organized in Kuala Lumpur and found this blog. By the way: if someone here attended the Value Investing Summit, I would be grateful to hear what stock tips were given there.

Thanks for sharing - It is very detailed & must have taken a lot of effort.

Unfortunately, the author has only provided analysis of 8i(& related biz). Given this type of details, I wld be interested to read up his/her analysis of other listed co too !

(31-01-2019, 05:31 PM)dreamybear Wrote: Thanks for sharing - It is very detailed & must have taken a lot of effort.

Unfortunately, the author has only provided analysis of 8i(& related biz). Given this type of details, I wld be interested to read up his/her analysis of other listed co too !

I agree. Considering the high level analysis and writing, I am guessing this might be an experienced blogger, who wants to isolate the 8I writings on a separate url. He/she is mentioning the risk of being censored by 8I in one of the postings.

Maybe the underlying question here: why spend so much  time and effort on a company on which many agree is not investable and which can also not be shorted? I can not answer for the blogger, but I've spend time analysing 8I myself and like to share my own motivation. I once attended a promotional event of 8I myself and consider their marketing and sales methods unethical. They use the 'value investing' label as part of a larger, distasteful scheme that promises to get rich quick. 

I did not attend 8I's course, but I heard that the course content is very shallow. Surely, the courses enjoy a certain success, but most praise originates from the enthusiasm of the attendees immediately afterwards. Not from their investing results in the long term. The lecturers, in particular Ken Chee, are able to inject a certain energy to their audience using presentation gimmicks. They also manipulate group psychology. We can see the attendees all wearing the same t-shirt and there is a reward system with rings for those that reach a 1 mln sgd value of their portfolio. (As a side note: it is unclear who audits this and whether the starting capital of the portfolio's is taken into account). 

The courses are very expensive. I am afraid that some attendees consider the courses as a solution to their financial worries, while the high fee may actually drive them into deeper trouble. By contributing to this forum, I hope the awareness of 8I's practices increases and the warning signals may reach potential course attendees before they sign up. I am guessing the blogger has a similar motivation.

8I Holdings recently published it's year report for the financial year ended 31 march 2019

What is left of the 8I empire is basically the financial education courses via 8VIC Holdings plus the Hidden Champions Fund. Both did not do well.

The revenues from the courses in Singapore have almost halved, but they are growing in Malaysia. They grew even more so in other countries which are not listed but I am guessing mainly China,Thailand and Taiwan. However, they are not able to operate here with any profit.

Share price 0.05 today.

Is the market actually undervaluing 8i now?

Based on its financial report ending 31st March, it has NTA of 8.6cts, majority are cash and "investible securities" - But share price was actually 6.2cts (adjusted from 6.5 cts aus) at year closing on the same date. This is almost a 40% discount. This means that Mr Market is actually assigning a negative value to its education and ecosystem business? Mind u, this is a business that cant be replicated easily from scratch n all the business connections n relationships etc..

Assuming the securities are easily liqidated and insiders shd know intimately, wouldnt it be a hidden champion?