Welcome!
SIlverlake Axis (SAL)
Company in the news
Silverlake Axis offeror acquires 88,800 shares, bringing ownership to 92.27%
This comes after the announcement that SAL lost its free float on Oct 7.
October 17, 2024
Offer
Silverlake Axis loses free float; trading in shares to be suspended
Shares in SAL closed 1 cent higher or 2.78% up at 37 cents on Oct 7, surpassing E2I’s offer price of 36 cents per share.
October 07, 2024
Offer
Silverlake Axis extends offer closing date to Oct 21
As at 6pm on Oct 3, SAL says it received valid acceptances of 2.12 billion offer shares, representing about 84.17% of the company’s shares.
October 04, 2024
Offer
No increase of offer consideration for Silverlake Axis' privatisation exercise, says offeror
The offer consideration made by E2I, stands at 36 cents in cash or 30 cents in cash and one new redeemable preference shares. E2I’s directors include the founder of Silverlake and his daughter.
September 24, 2024
Broker's Calls
‘Accept’ Silverlake Axis’ cash offer of 36 cents, says PhillipCapital
The offer of 36 cents per share represents some 2.7 times of SAL’s NAV per share of 13.5 cents as of June 30.
August 29, 2024
Broker's Calls
CGS International downgrades Silverlake Axis to 'reduce' on elevated opex, challenging revenue prospects
The key derating catalyst for analyst Andrea Choong is the US Fed rate cut which may affect technology investment sentiment.
August 27, 2024
Offer
Silverlake Axis makes privatisation offer at 36 cents per share
Shareholders may also opt for a combination of 30 cents per share in cash and one redeemable preference share in the offeror.
August 26, 2024
Contracts
Silverlake Axis says it secured 65 contracts worth $33 mil with existing customers in 4QFY2024
The contracts are expected to contribute positively to the results of Siverlake Axis in the current and following financial years.
August 23, 2024
Company in the news
Silverlake Axis appoints Cassandra Goh as new group CEO
Deputy CEO Cassandra Goh will succeed Andrew Tan as the group’s next CEO from Jan 1, 2025 as part of its leadership transition.
December 05, 2023
Billion Dollar Club 2023
Silverlake Axis future-proofs its success by staying true to its vision
It helps banks modernise their core banking systems, enabling them to focus on their core business and capture new opportunities.
November 09, 2023