Apparently, no many think Silverlake could turn around and see better days.
For the past 6 months, shares buyback is relentless, just check the sgx announcements, and the volume bought back should not be scoff at.
Price hardly move when the market is busy cheonging.
For the past 3 quarters, it is dishing out special dividends as it milk GIT.
Price hardly move.
The last few quarters that are projecting improvement in special projects revenues and in this quarter, guided that liensing revenue would be growing.
Still no impact.
Dr Goh is owning 70% of the company, is injecting companies via shares at premium prices, making his stake even bigger, and a easier target for privatisation
Price went south
I have got it all wrong and I have recently accumulate further, this counter itself forms 30% of the portfolio.
Maintainance and repair revenue is dropping.
Perhaps this is what market worry about.
Perhaps market still worried about razor short selling report
Perhaps market is worried about corporate governance.
Nonetheless, I decided to go contrary on this one.
I hope I am not wrong again and again.