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Silverlake Axis
09-03-2017, 10:43 AM,
Post: #201
RE: Silverlake Axis
IPTs are the lingering concern among investors of the company. Will the move trigger a re-rating? Probably has to wait till the disclosure of prices to pay

Silverlake Axis mulls acquisition of executive chairman's stakes in various private entities

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25-08-2017, 08:02 PM, (This post was last modified: 25-08-2017, 08:03 PM by CY09.)
Post: #202
RE: Silverlake Axis

Following the disposal of GIT's shares, Silverlake has again announced a 1 cent special dividend to reward shareholders.

Interestingly, the capital control in China seems to be delaying the company's ability to make cross border cash transactions. I think in FY18, it is likely all of the few hundred mil proceeds will be successfully taken out from China. This may mean one more round of 1 cent special dividend and possibly the acquisition of the Chairman's companies to expand Silverlake's products.

However, it also seems Silverlake's business has generated about 45% less in operating cash flow before working capital changes and this may be a cause of concern. No doubt, Silverlake should be able to sustain another 3 cents dividend next FY, but for the FY after, there may be a reduction if cash flow does not improve. To stem this problems, Silverlake should also consider start paring down its loans (clear it all)

<Not vested>

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