Silverlake Axis

[CY09]

Most companies has some sort of revolving credit facility as part of their business; their purpose for drawing down on credit will not be known until being asked at AGM.

[Wildreamz]

Divested since 2016; stock price halved, but business look similar as before, and the above look great to me. What am I missing?

[vingaard]

Maybe the market does not fully understand its business. The high margin revenue from maintenance for the core banking systems will continue to roll in, as long as the banks do not change the core banking solution to a different provider. My view is that Silverlake will do ok over the next few years but eventually when the core banking systems get too old, there is a risk of the banks switching to other vendors.

Not vested.

Sent from my CPH1917 using Tapatalk

[Elty]

Will there be dilution to minority shareholder due to the earn out consideration?

https://links.sgx.com/FileOpen/SAL%20Pro...eID=474751

[¯|_(ツ)_/¯]

SIL@24

A) Physical meeting:
The Special General Meeting will be held at Clover 4 & Clover 5, Level 1, PARKROYAL COLLECTION, Marina Bay Singapore, 6 Raffles Boulevard, Marina Square, Singapore 039594 and by way of electronic means.

B) Pre-registration for Virtual meeting:
https:// online.meetings.vision/silverlakeaxis-sgm-registration before 2.00 p.m. on Tuesday, 22 June 2021

Resolution:
1. Change Domicile to Singapore
2. Change Auditor to E&Y Singapore

Gratitude!

[¯|_(ツ)_/¯]

SLA@27
FY2021 result with 0.52cents dividend


https://drive.google.com/open?id=1hET_Bl...YQL6__Ll3r
Stay home and stay safe, everyone.

[¯|_(ツ)_/¯]

SLA@32
This week, BryanTan@DrWealth.com wrote a long post on SLA - "bullish reversal coming?" 
https://www.drwealth.com/is-silverlake-a...-buy-2021/

Bryan must had spend a considerable amount of time studying SLA.  I know because I had done the same study before and also derived the same conclusion too.

The price seems to be good at this moment and if valuebuddies is keen and with some spare cash, just buy some first while spending more time finding out more. 


https://drive.google.com/open?id=1xAUc9G...CWvufo4UQk

Gratitude.

[¯|_(ツ)_/¯]

SLA@33
pre-AGM QnA
https://links.sgx.com/FileOpen/SAL%20Ann...eID=687791

https://drive.google.com/open?id=1fJf9k6...ta4FNLWSF6


https://drive.google.com/open?id=1fJf9k6...ta4FNLWSF6

Gratitude.

[Squirrel]

An equal access offer is on the table. I haven’t had the chance to complete my article on this… with this move, the majority shareholder is effectively trying to increase his shareholdings in the company in a short time on a volume that would have raised prices significantly if done on market.

https://links.sgx.com/FileOpen/SAL%20-%2...eID=706948

Extracted from the announcement.

The offer price for each Share will be S$0.33 in cash (the "Offer Price").

The Company will offer to purchase up to 242,424,242 Shares (the "Maximum Share Purchase Amount"), representing approximately 9.06% of the total number of 2,674,471,309 Shares in issue (excluding 22,001,491 treasury shares) as at the date of this announcement (“Announcement Date”).

Substantial Shareholder not Participating in the Equal Access Offer
Zezz FundQ Pte. Ltd. (the “Non-Participating Shareholder”), the substantial shareholder of the Company, holds in aggregate 1,834,022,168 Shares representing 68.58% of the total issued share capital (excluding treasury shares) of the Company. The Non-Participating Shareholder is wholly-owned by Mr. Goh Peng Ooi, who is the Company’s Executive Director and Group Executive Chairman.

LISTING STATUS OF THE SHARES
The relevant listing rules of the SGX-ST require a listed company to ensure that at least 10% of its Shares is at all times held by public Shareholders. The “public” are persons other than the directors, chief executive officer, substantial shareholders or controlling shareholders of the company and its subsidiaries, as well as associates of such persons.
Based on the information available to the Company as at 11 March 2022, approximately 29.41% of the issued share capital of the Company are held in the hands of the public. Assuming that the Company repurchased the Maximum Share Purchase Amount as at 11 March 2022 pursuant to the Equal Access Offer, the percentage of Shares held by the public would be approximately 22.37%.

[DCF]

You can subscribe for your entitlement, and your % ownership remain the same. The proceed become your dividend payout, and the share price is likely to remain above 30c as the weaker hand would have sold their shares. The free float decrease should also reduce the supply of shares to support the share price.