8I Holdings Limited (ASX:8IH)

[Ray168]

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.