Silverlake axis - tranche 3
Why am I averaging down on SLA 1) There is continual share buyback from company. Not merely GPO is doing so, the various incoming directors as well as the new CEO is loading up on it. People sell shares for many reasons. People buy shares because they believe it is going up. This is especially true for insiders whom have an superior insights in the industry and the company. Effectively, if SLA buyback the shares as treasury shares and proceed to cancel them, it will directly boost the ROE and EPS of the company. 2) OCBC and UOB annual report confirmed on the trend of banking sector incurring additional capex investment into their IT systems. Per my personal observations in the banking sector, with the recovery of interest rates (and earnings), banks have been investing substantial sums into upgrading their IT infrastructure, automation of manual processes. The cyclical earnings of SLA should be on the uptrend which is reflected by the sharp increase in book orders of the c