Silverlake Axis

(17-08-2013, 08:16 AM)Dividend Warrior Wrote:

(16-08-2013, 06:18 PM)palantir Wrote:

(16-08-2013, 03:45 PM)momoeagle Wrote: I offloaded all my remaining counters today

Was a good ride

What happen?

Maybe taking profits off the table?

There can always be better yields out there.

There's a time to buy and there's a time to sell

天机不可泄漏

Not that what I said probably wouldn't really matter.


[Now not vested]

Bank Negara to push for more e-payment adoption

KUALA LUMPUR: The public and businesses have been urged to migrate to electronic payment (e-payment) options.

Bank Negara Malaysia deputy governor Datuk Muhammad Ibrahim said the e-payment options can potentially boost efficiency gains and cost savings of about one per cent of a country's gross domestic product annually.

He added that RM1.8 billion has been allocated under the 2014 Budget for the implementation of the second phase coverage of e-payment options, which will benefit 2.8 million households.

He was speaking at a payment system forum and exhibition, here, yesterday.

According to data provided by Bank Negara, e-payment transactions from January to September stood at RM11.6 trillion, up four per cent from RM11 trillion in the same period last year.

The e-payment options include Internet banking, interbank GIRO, mobile banking and payments via automated teller machines (ATMs).

Bank Negara has called on banks to widen the access points for the public to conduct e-payments, including via the ATM network.

Muhammad said while Malaysia's population stands at 29.7 million, there are 41 million ATM cards with a debit application that can be used to make purchases at merchant outlets.

"This provides an opportunity for banks and businesses to leverage on, improve the coverage of Point-of-Sale terminals to facilitate the use of the debit card as means to reduce the need for cash, as well as increase tourist spending at more merchant outlets," he added.

Meanwhile, the transaction value for cheques in the first nine months of 2013 stood at RM1.5 trillion.

Read more: Bank Negara to push for more e-payment adoption http://www.btimes.com.my/Current_News/BT...z2n1ckU2gy

(10-12-2013, 07:57 AM)ahyeh Wrote: Bank Negara to push for more e-payment adoption

KUALA LUMPUR: The public and businesses have been urged to migrate to electronic payment (e-payment) options.

Bank Negara Malaysia deputy governor Datuk Muhammad Ibrahim said the e-payment options can potentially boost efficiency gains and cost savings of about one per cent of a country's gross domestic product annually.

He added that RM1.8 billion has been allocated under the 2014 Budget for the implementation of the second phase coverage of e-payment options, which will benefit 2.8 million households.

He was speaking at a payment system forum and exhibition, here, yesterday.

According to data provided by Bank Negara, e-payment transactions from January to September stood at RM11.6 trillion, up four per cent from RM11 trillion in the same period last year.

The e-payment options include Internet banking, interbank GIRO, mobile banking and payments via automated teller machines (ATMs).

Bank Negara has called on banks to widen the access points for the public to conduct e-payments, including via the ATM network.

Muhammad said while Malaysia's population stands at 29.7 million, there are 41 million ATM cards with a debit application that can be used to make purchases at merchant outlets.

"This provides an opportunity for banks and businesses to leverage on, improve the coverage of Point-of-Sale terminals to facilitate the use of the debit card as means to reduce the need for cash, as well as increase tourist spending at more merchant outlets," he added.

Meanwhile, the transaction value for cheques in the first nine months of 2013 stood at RM1.5 trillion.

Read more: Bank Negara to push for more e-payment adoption http://www.btimes.com.my/Current_News/BT...z2n1ckU2gy

Potentially good for Neratel too.

(Vested)

CIMB and MBSB are existing clients of silverlake already.. RHB is not.. The merge will provide another contract for silverlake..



RHB Cap, CIMB, MBSB plan to form mega Islamic bank

KUALA LUMPUR: CIMB Group Holdings Bhd, RHB Capital and Malaysia Building Society (MBSB) have received Bank Negara Malaysia's approval to start merger talks which would result in the creation of a mega Islamic bank.

They announced in a joint statement on Thursday that under the corporate exercise, the proposal was to merge the businesses of both RHB and CIMB.

The corporate exercise included plans to create an enlarged Islamic banking franchise with MBSB.

“Following this, the three parties have entered into a 90-day exclusivity agreement to negotiate and finalise pricing, structure, and other relevant terms and conditions for a proposed merger of the three entities and the creation of a mega Islamic bank.

“The exclusivity agreement comes with an automatic extension provision upon submission to BNM on the proposal,” they said.

RHB Capital group managing director Kellee Kam: "We believe that there is inherent value and that there will be many opportunities which will arise from this proposed merger. We hope to explore this further through our discussions.”

Group chief executive of CIMB Group, Datuk Seri Nazir Razak said: "There is a prima facie case for a value-creating merger between the three entities and we want to get into detailed discussions to validate it."

MBSB president and CEO Datuk Ahmad Zaini Othman, commenting on the prospects of the creation of a mega Islamic bank, said: "The opportunity to be a part of a mega Islamic bank is exciting for us and we want to take this forward."

Trading in the securities of CIMB Group, RHB Capital and MBSB shares will resume on Friday.

StarBiz reported the three banks would write to BNM to seek permission to commence a corporate exercise which will result in a mega bank that will have a market capitalisation of more than RM90bil, assuming the deal is concluded at about 1.70 to 1.75 times book value.

"The deal is likely to be done at 1.75 times book value based on CIMB's current valuation of almost 1.70 times book. It is unlikely to be transacted at anything less," said a source.

At 1.75 times book value, RHB Cap would have a market capitalisation of about RM30bil, while MBSB's total capitalisation would be about RM6.8bil.

http://www.thestar.com.my/Business/Busin...-for-MBSB/

Does any Valuebuddies fork attended the AGM today?

Just to share the very rough notes that i've taken from the AGM (mostly based on what Mr. Goh had shared with shareholders):
Note: any incorrect statements are solely my misperceptions.
This should be viewed as personal sharing & with pinch of salt.
I am vested and hence most probably biased.
===================================
The Management's philosophy is Recurrence.
The recurring model consists of 2 pillars:
1. Concept of Recurrence
The best is to have Contractual Recurrence, but also Statistical Recurrence.
Statistical recurrence refers to Cyclical income which we know the income will be there but we don't know exactly how much and when.

2. Collective
The process to assemble the recurrence.
By & large this is to maintain and grow the recurrence.
To sow the seeds and having different fruits at different times.
By building more businesses such as Insurance & Credit Card businesses.
Also venturing into Digital Economy.

The Digital Economy is coming in Waves (randomly).
It is seen as storms by Mr Goh.
The question to ask is who we are, to know our capabilities.
And to build up the collective to sail through the storms.

Goh builds his private company to research new technology and not in Silverlake capacity.
This is his hobby in R&D, whichever way he is happy doing it (successful or not).
He mentions that the research is in Comparative Computing (?)
This is to build another capability (collective) to compete in the next storm.

Silverlake not doing R&D?
No, we see things from exception.
Tackling customer problems contribute to Silverlake capabilities.
In a way, customers pay for R&D.

For totally new technology, that will fall under Mr Goh's personal capacity.
His own passion & he wants it to be personal so that he doesn't need to answer to shareholders.

Dividend payout sustainable?
For money Silverlake doesn't need and no acquisition, silverlake pays out as dividend to shareholders.
Raymond is in charge of Dividends payout proposal.
The sustainability itself is part of recurrence model:
1. Sustainable under normal circumstances
2. Sustainable under Disruptive condition

(28-10-2014, 04:28 PM)ksir Wrote: Just to share the very rough notes that i've taken from the AGM (mostly based on what Mr. Goh had shared with shareholders):
Note: any incorrect statements are solely my misperceptions.
This should be viewed as personal sharing & with pinch of salt.
I am vested and hence most probably biased.
===================================
The Management's philosophy is Recurrence.
The recurring model consists of 2 pillars:
1. Concept of Recurrence
The best is to have Contractual Recurrence, but also Statistical Recurrence.
Statistical recurrence refers to Cyclical income which we know the income will be there but we don't know exactly how much and when.

2. Collective
The process to assemble the recurrence.
By & large this is to maintain and grow the recurrence.
To sow the seeds and having different fruits at different times.
By building more businesses such as Insurance & Credit Card businesses.
Also venturing into Digital Economy.

The Digital Economy is coming in Waves (randomly).
It is seen as storms by Mr Goh.
The question to ask is who we are, to know our capabilities.
And to build up the collective to sail through the storms.

Goh builds his private company to research new technology and not in Silverlake capacity.
This is his hobby in R&D, whichever way he is happy doing it (successful or not).
He mentions that the research is in Comparative Computing (?)
This is to build another capability (collective) to compete in the next storm.

Silverlake not doing R&D?
No, we see things from exception.
Tackling customer problems contribute to Silverlake capabilities.
In a way, customers pay for R&D.

For totally new technology, that will fall under Mr Goh's personal capacity.
His own passion & he wants it to be personal so that he doesn't need to answer to shareholders.

Dividend payout sustainable?
For money Silverlake doesn't need and no acquisition, silverlake pays out as dividend to shareholders.
Raymond is in charge of Dividends payout proposal.
The sustainability itself is part of recurrence model:
1. Sustainable under normal circumstances
2. Sustainable under Disruptive condition

Thanks for your input.
Mr. Goh like to answer the shareholder like philosopher....
(last year AGM last for 2hours and he really can talk a lot)

Did they mention (or hint) any new contract secured for the CIMB-RHB-MBSB and the OCBC-WingTai?

To me, the sharing is rather priceless. It gives insight of the foundation of Silverlake (since Goh is the man behind it).

The answer to your question is simply "Not within our control."
We provide solution to client's problem (or rather in his term, exception). The merger is exception. He is basically saying Silverlake focus on being the best exception solver. The exception carrier (clients) will come to knock their door. Ah huh? Too good to be true?

(28-10-2014, 10:23 PM)ksir Wrote: To me, the sharing is rather priceless. It gives insight of the foundation of Silverlake (since Goh is the man behind it).

The answer to your question is simply "Not within our control."
We provide solution to client's problem (or rather in his term, exception). The merger is exception. He is basically saying Silverlake focus on being the best exception solver. The exception carrier (clients) will come to knock their door. Ah huh? Too good to be true?

One more thing, did he mention about Africa business? How is the progress so far?