Author: calvintaneng | Publish date:
Wed, 2 Jun 2021, 12:22 AM
Dear Friends, Investors & Traders of i3 Investor Forum
See this
Posted by Petronas > Jun 1, 2021 6:03 PM | Report Abuse
Serba Dinamik name will be changed to Serba Dynamite.
I think this is more appropriate name now. Hahaha.
I saw this comment at 6.03pm. From Dinamik to Dynamite? It sets me thinking.
Better warn all dear i3 Formers to be very careful now less they get hurt
And these are all the Red Flags found in this Ticking Time Bomb
First see the Feb 2021 results of Serba
SUMMARY OF KEY FINANCIAL INFORMATION |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31 Dec 2020 | 31 Dec 2019 | 31 Dec 2020 | 31 Dec 2019 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 1,815,648 | 1,360,549 | 6,014,075 | 4,528,621 |
2 | Profit/(loss) before tax | 227,324 | 139,118 | 706,337 | 544,828 |
3 | Profit/(loss) for the period | 202,103 | 140,248 | 632,089 | 497,983 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 202,149 | 140,883 | 631,745 | 496,640 |
5 | Basic earnings/(loss) per share (Subunit) | 5.45 | 3.80 | 17.03 | 13.39 |
6 | Proposed/Declared dividend per share (Subunit) | 1.60 | 1.40 | 5.45 | 7.51 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.8900 | 0.660 |
A careless perusal will show a very nice result
Revenure jumped from Rm1,360,549,000 to Rm1,815,648,000
Up Rm455,099,000 or Up 33.4%
Profit is Rm202,149,000
EPS is 5.45
NAV up from 66 sen to 89 sen (impressive? or too good to be true? we shall SEE)
And a dividend of 1.60 sen
From all points Results look excelent (on the face value not until )
Not until?
NOT UNTIL YOU GO AND STUDY THE DETAILS IN THE BALANCE SHEET VERY VERY VERY CAREFULLY
Please go look up Feb 2021 Result of Serba in Bursa Website & follow as we explain in details
See this
4. RECEIVABLES IS NOT CASH
This was when I bought into Megan Media at around 67.5 cents. From
the Balance Sheet Megan Media showed a P/E of only 3. NTA at over
Rm2.00. It also pay a small dividend.
So many have been tricked by the “blue ray” disc hype touted by
Megan Media Bosses. However, My Johor Sifu stood his ground &
rejected buying into this popular stock which so many others bought.
Why? He questioned the High Amount of RECEIVABLES In Megan
Media’s Accounts. RECEIVABLE IS NOT CASH. What is CASH Then?
According to my Johor SIFU The Smart Accountant, “CASH IS ONLY
CASH IF THE CASH IS RECEIVED AND DEPOSITED SAFELY IN
THE BANK”.
Megan Media could not collect those (IOU) Or Receivables which are fake anyway. Finally unable to pay Bank Loan ....
Megan Media went
bankrupt and got delisted. It was found out later that all the Blue Ray
Disc Factories were non existent. RECEIVABLES WERE ALL FAKE OR
FICTITIOUS.
Take a look at the Megan Media Result of Year 2006 (15 years ago)
SUMMARY OF KEY FINANCIAL INFORMATION |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31/10/2006 | 31/10/2005 | 31/10/2006 | 31/10/2005 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
1 | Revenue | 238,134 | 248,323 | 468,499 | 497,182 |
2 | Profit/(loss) before tax | 18,641 | 11,150 | 37,165 | 26,615 |
3 | Profit/(loss) for the period | 15,173 | 3,957 | 28,620 | 16,926 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 15,173 | 3,957 | 28,620 | 16,926 |
5 | Basic earnings/(loss) per share (sen) | 7.45 | 1.93 | 14.06 | 8.27 |
6 | Proposed/Declared dividend per share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent (RM) | 2.4800 | 2.3100 |
Created by calvintaneng | Apr 29, 2024
Created by calvintaneng | Apr 27, 2024
Created by calvintaneng | Apr 06, 2024