Post by zuolun on Aug 26, 2015 9:50:21 GMT 7
Silverlake says accounts in order ~ 26 Aug 2015
Making sense of the recent short attack against Silverlake Axis ~ 26 Aug 2015
Silverlake falls further on nagging jitters following allegations in report ~ 26 Aug 2015
Silverlake appoints Deloitte to review allegations raised in short-seller report ~ 25 Aug 2015
Silverlake Axis reports lacklustre Q4 earnings ~ 25 Aug 2015
Silverlake Axis Q4 profit bolstered by accounting gains ~ 24 Aug 2015
The unbelievable financial alchemy of Silverlake Axis ~ 20 Aug 2015
Why have Silverlake Axis’s shares fallen by nearly 30% in 2 months? ~ 4 Jun 2015
Silverlake Axis: Unwarranted selldown provides a buying opportunity ~ 3 Jun 2015
Silverlake Axis ~ Bearish Bollinger Band Breakout
Silverlake Axis collapsed and traded @ S$0.46 (-0.175, -27.6%) with 36.6m shares done on 26 Aug 2015 at 1035 hrs.
Immediate support @ S$0.355, immediate resistance @ S$0.535.
Silverlake Axis says short-seller report 'baseless and without merit'
By Jeffrey Tan
25 August 2015
Silverlake Axis says the “adverse allegations” outlined by a 42-page report on the software solutions provider are “baseless and without merit”.
Silverlake stresses it has always operated its business in a “transparent” manner and in “full compliance” with the relevant statutory and listing requirements – including any related party transactions (RPTs).
The group’s response came after a query by the Singapore Exchange following the stock’s 27% decline last Friday.
Trading in shares of Silverlake have been halted since then to prevent further decline as the report recommended short-selling of the stock.
Silverlake accuses that “the authors of this report may have short positions in Silverlake Axis Ltd and stand to realise gains in the event that the price of the stock decreases”.
It is not known who wrote the report other than the author’s moniker “razor99”.
Silverlake says it is seeking legal advice and will investigate the “source” of the report to protect and defend its interests.
Meanwhile, the group will engage Deloitte Singapore to undertake an independent review of the allegations concerning the RPTs.
Silverlake provides assurance that the RPTs were undertaken to “synergistically broaden and deepen the group’s available suite of software and services”.
Shares in Silverlake last traded at 63.5 cents on Aug 21.
Making sense of the recent short attack against Silverlake Axis ~ 26 Aug 2015
Silverlake falls further on nagging jitters following allegations in report ~ 26 Aug 2015
Silverlake appoints Deloitte to review allegations raised in short-seller report ~ 25 Aug 2015
Silverlake Axis reports lacklustre Q4 earnings ~ 25 Aug 2015
Silverlake Axis Q4 profit bolstered by accounting gains ~ 24 Aug 2015
The unbelievable financial alchemy of Silverlake Axis ~ 20 Aug 2015
Why have Silverlake Axis’s shares fallen by nearly 30% in 2 months? ~ 4 Jun 2015
Silverlake Axis: Unwarranted selldown provides a buying opportunity ~ 3 Jun 2015
Silverlake Axis ~ Bearish Bollinger Band Breakout
Silverlake Axis collapsed and traded @ S$0.46 (-0.175, -27.6%) with 36.6m shares done on 26 Aug 2015 at 1035 hrs.
Immediate support @ S$0.355, immediate resistance @ S$0.535.
Silverlake Axis says short-seller report 'baseless and without merit'
By Jeffrey Tan
25 August 2015
Silverlake Axis says the “adverse allegations” outlined by a 42-page report on the software solutions provider are “baseless and without merit”.
Silverlake stresses it has always operated its business in a “transparent” manner and in “full compliance” with the relevant statutory and listing requirements – including any related party transactions (RPTs).
The group’s response came after a query by the Singapore Exchange following the stock’s 27% decline last Friday.
Trading in shares of Silverlake have been halted since then to prevent further decline as the report recommended short-selling of the stock.
Silverlake accuses that “the authors of this report may have short positions in Silverlake Axis Ltd and stand to realise gains in the event that the price of the stock decreases”.
It is not known who wrote the report other than the author’s moniker “razor99”.
Silverlake says it is seeking legal advice and will investigate the “source” of the report to protect and defend its interests.
Meanwhile, the group will engage Deloitte Singapore to undertake an independent review of the allegations concerning the RPTs.
Silverlake provides assurance that the RPTs were undertaken to “synergistically broaden and deepen the group’s available suite of software and services”.
Shares in Silverlake last traded at 63.5 cents on Aug 21.