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8I Holdings Limited (ASX:8IH)
31-07-2018, 01:29 PM.
Post: #111
RE: 8I Holdings Limited (ASX:8IH)
Vindication perhaps for the blogger who had to take down his blogs on 8i? Let's see if business times gets a call from the company this time round.

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31-07-2018, 03:31 PM.
Post: #112
RE: 8I Holdings Limited (ASX:8IH)
BT stated only facts, and unlike the blogger, it did not speculate on the identities of those that purchased pre-ipo shares of 8I's subsidiaries/portfolio companies. Neither did BT attempt to lift the veil on 8I's business model, and question its sustainability. Even though there was no investigative reporting the article, I give credit to the writer for highlighting the divergence between the principles that 8I claims to be guided by, and its results.

The operators of 8I should not have flipped the pre-ipo shares at such high valuations. If it were sold at only a small premium, hence ensuring its pre-ipo investors still had some meat left, most of its ipo would have a higher share price post-listing. This would then ensure greater demand from pre-ipo investors for subsequent listings, giving 8I's pre-ipo business greater longevity. What were the operators of 8I thinking, when they sold the pre-ipo shares at such high valuations? Did they believe that this can be done repeatedly?

If a business is not so honest with its customers, how will they treat their minority shareholders? Will you be confident of the quality of its financial reporting?

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31-07-2018, 04:57 PM.
Post: #113
RE: 8I Holdings Limited (ASX:8IH)
(31-07-2018, 12:57 PM)CuriousWalk Wrote: An article that appeared on Business Times today. Online version available at https://www.businesstimes.com.sg/compani...t-espouses

[Image: vo6893.jpg]

(31-07-2018, 03:31 PM)karlmarx Wrote: BT stated only facts, and unlike the blogger, it did not speculate on the identities of those that purchased pre-ipo shares of 8I's subsidiaries/portfolio companies. Neither did BT attempt to lift the veil on 8I's business model, and question its sustainability. Even though there was no investigative reporting the article, I give credit to the writer for highlighting the divergence between the principles that 8I claims to be guided by, and its results.

The operators of 8I should not have flipped the pre-ipo shares at such high valuations. If it were sold at only a small premium, hence ensuring its pre-ipo investors still had some meat left, most of its ipo would have a higher share price post-listing. This would then ensure greater demand from pre-ipo investors for subsequent listings, giving 8I's pre-ipo business greater longevity. What were the operators of 8I thinking, when they sold the pre-ipo shares at such high valuations? Did they believe that this can be done repeatedly?

If a business is not so honest with its customers, how will they treat their minority shareholders? Will you be confident of the quality of its financial reporting?

Actually I don't think the blogger was speculating on the identities of the pre-ipo investors.  He merely stated what the company disclosed. See pages 2 and 3 of the announcement for the pre-IPO transaction of 8i's subsidiary, Velocity property:
https://hotcopper.com.au/documentdownloa...OlHhlFA%3D 

Says there about the buyers and I quote
"Labelle 
Capital Inc. is a venture capital company financed by a consortium of approximately 
200 of investors largely based in South-East Asia, many of whom are minority shareholders of the Company."
"Crescenta Investment Ltd is an investment company financed by a 
consortium of approximately 360 of investors, largely based in South-East Asia, 
many of whom are minority shareholders of the Company."

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31-07-2018, 05:21 PM.
Post: #114
RE: 8I Holdings Limited (ASX:8IH)
IIRC, it was suggested that 'the minority shareholders of the company' may be students of 8I.

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31-07-2018, 06:09 PM.
Post: #115
RE: 8I Holdings Limited (ASX:8IH)
If you go back and reread post #41 (credit to bardsmanship for saving these posts!), the blogger clearly stated he knew "nothing about these companies and these investors". I think the revelation that these shareholders were in fact students of 8i came in the comments section from two supposedly ex-course graduates.

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31-07-2018, 08:00 PM.
Post: #116
RE: 8I Holdings Limited (ASX:8IH)
I see. Thanks for the clarification.

I doubt 8I will take on BT though.

Hopefully, we will get to see a more investigative report from The Edge or BT.

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01-08-2018, 11:08 PM.
Post: #117
RE: 8I Holdings Limited (ASX:8IH)
You are welcome. I do not think they will too since a large part of the report is just quoting facts and numbers posted by the company.

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