- On 26 Aug 2024, a voluntary unconditional offer to privatise Silverlake Axis (SGX:5CP) was made at S$0.36 in cash per share (inclusive of S$0.0036 dividend). Our recommendation is to accept the cash offer of S$0.36.
- - Read this at SGinvestors.io -
- Silverlake Axis's 4QFY24 and full-year FY24 earnings were below our estimates. The 39% y-o-y dip in earnings came from lower-than-expected gross margins and higher-than-expected cost of sales and operating expenses.
4Q24 Results
- Silverlake Axis's 4QFY24 results were below our estimates. Full-year FY24 revenue and earnings were at 97% and 70% of our FY24e, respectively.
- - Read this at SGinvestors.io -
- Gross profit fell 9% y-o-y as there was a change in revenue mix and a fall in higher margin revenue streams like software licensing. Higher costs of sales and operating expenses from streamlining business operations led to a decline in PATMI.
Unconditional offer to privatise Silverlake Axis
- Read more at SGinvestors.io.