Silverlake Axis

Silverlake Axis: Stock price does not look to be going anywhere. Trading within a band of approx $0.27-0.32. Share buybacks was abt 1/3 of the volume yday, price might be supported if the buybacks continue like Osim. Growth in revenue has been coming in from licensing fees from banking solutions particularly in SEA region. Counter now trades at 12.9x current P/E.