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Metro Singapore Selects QR Cloud Retail Automation Solution
The Board of Directors of Silverlake Axis Ltd (&ldquo SAL&rdquo or &ldquo the Group&rdquo ) is pleased to announce that QR Retail Automation (S) Pte Ltd (&ldquo QR&rdquo ), the wholly-owned subsidiary of the Group, has secured a new contract to implement QR Cloud, its cloud-based retail automation solution, for an established Singapore retail chain. This will be QR&rsquo s first deployment of a Software-as-a-Service (&ldquo SaaS&rdquo ) subscription version of its retail automation solution suite.
Metro (Private) Limited (&ldquo Metro&rdquo ) will subscribe to QR Cloud services to deliver enhanced customer services and fulfill demand and supply chain operational efficiencies. This digital platform provides greater control and flexibility to accomplish Metro&rsquo s business goals in driving retail innovation. The QR Cloud SaaS will also be made available to Metro&rsquo s supply chain partners.
This contract is expected to contribute positively to the results of SAL in the current and following financial years. Pursuant to the confidentiality clause stipulated in the contract, no further details of the contract will be disclosed.
None of the directors or substantial shareholders of SAL has any interest, directly or indirectly, in the above contract other than through their respective shareholdings in SAL.
BY ORDER OF THE BOARD
Kwong Yong Sin
Group Managing Director
19 April 2018
Look at market depth. Big block waiting to sell.
why keep falling anyone? win contract, sell GLC stake , share price drop. logic
EGM approved the acquisition of GPO companies.This should be good for the share price in the long term?
Very disappointed with this malaysian company. What' s it up to?
RogerTech ( Date: 05-Jan-2018 18:00) Posted:
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which party is the seller? anyone with details?
angmohlin ( Date: 13-Jan-2018 15:09) Posted:
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Price will unable to move up above 58 if one of former substantial shareholder continues to dispose of their holding despite the company continues share buy back.
Yesterday share bought back 3,019,400 shares which is amounting to 47.76% of total transactions. It seems that the Management wants to push up the share price.
Uptrend is building up as MACD & Stochastic are in bullish mode, should able to test 60.5 by next week & 62.5 in extension.
Hopefully today is a false breakout to fush out weak holders before pushing up price. Management shall continues to buy back the shares to support the market price.
Share buy back no more effect . Price cont to head South! I think it may touch 52/53 cents.
Q to sell now is 2m shares @0.57. To buy some at this price before the company buy up all? :P
Yesterday share bought back 4m, in total they have bought back 34.7m shares since 13 Nov 17 which is less than 2 months. Yesterday the buying power was so fierce and I am curiously want to know who was the one behind the screen constantly sold the shares at 58 w/o failed.
I am looking at Silverlake now. I need to know more about the IPT. The sharebase is also huge. What attracted me is the consistent profitable business and good dividend. The company seems to have potential for growth as well as it has penetrated emerging market like Brunei, India, Middle East and SEA. I would probably invest if I am clear and happy with the IPT.
Even if it is the case, the issuing price of new shares to acquire the 3 Private Entities = 71cents. current share price = 58cents. 20% premium -> what worth worrying about?
Accumulate & hold the stock tight, waiting for the bounty/harvest seasons to reap fruits !
持货几年, 等待收成 ！
Accumulate & hold the stock tight, waiting for the bounty/harvest seasons to reap fruits !
持货几年, 等待收成 ！
bigeater ( Date: 05-Jan-2018 18:31) Posted:
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Not sure if the shares buy back action is in preparation to issue new shares as part of the payment to acquire three Silverlake Private Entities from the major shareholder.
However, I agree with ' angmohlin' that: it is a high quality stock -> rich cash-holding, stable business, expanding into new domain and markets (Insurance, FinTech). the stock is supported by the company share buy-back --> the down-side risk is protected by the company with huge cash reserve ... plus spcial dividend is on the way ... just a little bit patience ...
It is my favorite stock for short-term tradings -> so far NO record of losing ...
It is my favorite stock for short-term tradings -> so far NO record of losing ...
RogerTech ( Date: 05-Jan-2018 17:54) Posted:
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Not much news on this company. Wondering what's going on.
The big volume is due to share buy-back ... it is deceptive ...
angmohlin ( Date: 05-Jan-2018 13:49) Posted:
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It was hanging at 57.5/58 for past two weeks. Today volume is good which is implies that price will move up soon. Silverlake has been paying good yield between (3 cents) 5.22% - (4.5 cents) 7.83% in quarterly basis for the past 9 yrs. Cash rich and holding 80.56m treasury shares. Worth to invest for dividend yield and DYODD.