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2021-07-10 09:16 | Report Abuse
Big boss have not goreng yet. Maybe did not sign agreement with syndicates as yet. Put his restructuring lieutenant there, still will not move.
Posted by stockraider > Jul 10, 2021 9:07 AM | Report Abuse
Yes accumulate lah!
Very Steady , Undervalue & got potential mah!
Posted by bulldog > Jul 9, 2021 7:57 PM | Report Abuse
Accumulation in progress
Huat chaiii
2021-07-10 09:10 | Report Abuse
hahahaha HQ in Tawau, Sabah, prospects weak?
2021-06-30 21:44 | Report Abuse
Actually at this juncture Karim can sell the 1 billion shares he owned and get RM300 million or whatever sum before notifying Bursa if the odds of the company surviving is low. So whatever happened from now is even more uncertain as Serbak reached 10 sen.
Posted by PSAi3alert > Jun 30, 2021 9:38 PM | Report Abuse
Force selling is a perfect excuse for him to sell now. If he were to sell directly, an additional criminal charge for insider trading will be filed against him if the subsequent audit were to show financial falsification. In addition, the pledged share account will be in deficit when the share price tanks further upon lifting of suspension.
Now, he can just blame the financier for force selling.
williamtkb Someone will offloading more tomorrow.... Be prepare to collect below 30cents.... Below 30cents another round margin call force selling. Actually karim can request suspension until audit report out. Then he will have more time. And will not have margin call force selling pressure
30/06/2021 9:26 PM
2021-06-30 21:23 | Report Abuse
At last Karim forced disposal appeared and EPF still have substantial shares even below substantial level.
A back-of-the-envelope calculation shows that the latest transaction leaves EPF with 185.08 million Serba Dinamik shares or just under 5% in the group.
https://www.theedgemarkets.com/article/epf-ceases-be-substantial-shareholder-serba-dinamik
2021-06-30 16:29 | Report Abuse
All this event is traceable to the refusal of MD to do independent review of audit issues and blames every thing on independents directors.
Posted by i3lurker > Jun 30, 2021 4:24 PM | Report Abuse
thanks rr88
this one delisted lah
Posted by rr88 > Jun 30, 2021 4:16 PM | Report Abuse
Before i go i would like to warn you that its pattern is similar to armada last time. Did u know how low armada went? It was ELEVEN CENTS.
Impossible? Possibility: Appointment of reviewer hit a snag. Extension of time to appoint another one. Bursa takes stern action in a form dont know what. Review takes time. Bad news emerging every now n then during review. Viscious cycle of margin calls feed on itself into never ending downward spiral.
2021-06-30 15:39 | Report Abuse
hahahah another run on Serbak this Friday if so true that KPMG not co operative as their lawyer will issue advisory to reject EY. This is what Serbak wants from the start, as their documents are questionable. Then new external auditor will start the audit from ground zero, old documents can discard.
Posted by OrlandoOilSemiconIoT > Jun 30, 2021 3:33 PM | Report Abuse
OrlandoOilSemiconIoT U keep reading statements wrongly
And now u are no longer even talking sense
If KPMG refuses to cooperate tis is d best outcome for Serbadk
Serbadk will tell SC we try to proceed wit d independent review but KPMG refused to cooperate
As KPMG refused to cooperate as such the independent review cannot proceed
INDEPENDENT REVIEW CANNOT PROCEED DUE TO KPMGs fault
Stock Kingdom As I said earlier, as long as there is court case against KPMG by Serba, it is impossible for KPMG to open its files because the information has now become confidential court evidences.
30/06/2021 3:26 PM
X
OrlandoOilSemiconIoT Stamped NFA case CLOSED
30/06/2021 3:29 PM
2021-06-30 15:31 | Report Abuse
Syndicates one side buy one side sell, attract sardines to go into net then later got caught kena canned............morning session not really sucessful afternoon looks better.
2021-06-30 12:44 | Report Abuse
Yes, fallacy and gullible.
Posted by joyride > Jun 30, 2021 12:36 PM | Report Abuse
Many Malaysian companies have lost millions in their so-called investments and joint ventures with middle eastern countries. I think they don't do due diligence thinking that the Arab companies must be honest because they are Muslims.
2021-06-30 12:40 | Report Abuse
Every week since early June, every one says that passed, now 1 month cumming no pussies L-up?
EVERYONE KNOW ONE, JUST HOPE IT WON’T HAPPEN & SERBA PRICE WILL DOUBLE UP IN ONE WEEK
2021-06-30 11:47 | Report Abuse
Club Mabel collect pussies.
Wirajati Rr88, add three wives, greencode add three stewardess, coincidence?
30/06/2021 11:44 AM
2021-06-30 11:42 | Report Abuse
Hub of mega money laundrying too.
Gtrade it seems Abu Dhabi is the hub for mega fraud
30/06/2021 11:33 AM
2021-06-30 11:33 | Report Abuse
Dun worry PPIM will help him restore to last May price level. After all what is Ummah for? No camel bull shit.
Posted by 654321aaa > Jun 30, 2021 11:10 AM | Report Abuse
Why over react ? CEO do have three listed company , he should have solved the problem long ago ,If he has the ability and reality, it won't hurt his other two companies plunged.
2021-06-30 09:54 | Report Abuse
After X divi will drop to 56 sen or even below, as KLCI bearish plus full MCO.
2021-06-30 09:44 | Report Abuse
Twice closed higher since 03/06/2021 only on 14/06 & 22/06. Still unsettled.
2021-06-30 09:36 | Report Abuse
PPIM members coming in to support, one more time for the Ummah. Cannot and must not loose face. hahahahahah...................
Posted by Mabel > Jun 30, 2021 9:33 AM | Report Abuse
Strong support at 31.5 meh...
Buyers is 4 times than seller..
How to collect?
2021-06-30 09:32 | Report Abuse
You din say like R88, isteri pon kena jual. hahahahahahha
leno BODOH LAH KO NI
MASSIVE DEBT, NO CASH
WAT FAK GOT WRITE OFF 10% ?
HUTANG 4 BILLION TUNAI 9 MILLION
= NEGATIVE 3 BILLION
WRITE OFF 10%
= NEGATIVE 2.7 BILLION
NTA = NEGATIVE RM 10 RINGGIT
Maksudnya tiap satu share u beli 30 sen, nanti kena tambah RM 10 ringgit setiap share.
Kalau tak tambah, lesap lah share tu.
Kalau tambah, maka lesaplah wang ,kereta, rumah ko tu.
30/06/2021 9:29 AM
2021-06-30 09:14 | Report Abuse
PPIM buggers all kena caught with LDs, now want EPF and other agencies to help.
Posted by leno > Jun 30, 2021 9:08 AM | Report Abuse
With all the EXPOSURE after EXPOSURE
Fake website, Fake company, Fake contract, Fake mou, Fake profit
Everyone fully understand about this Fake Sebak.
SAVE YOUR LIFE !!
SAVE YOUR HARD EARN MONEY!!
SELL ALL YOUR SHARE TO PPIM !!
2021-06-29 21:08 | Report Abuse
This can't be helped. Many will and had become stock market suckers. One born every minute.
Posted by Wirajati > Jun 29, 2021 9:03 PM | Report Abuse
When one mumbling about najib bla bla, oppo bla bla...ppim bla bla...deep down they are seriously hurt with huge paper loss, perhaps tens of thousands. Go Get help...
2021-06-29 21:06 | Report Abuse
Seriously this looks like another 1MDB fiasco.
Posted by i3lurker > Jun 29, 2021 9:03 PM | Report Abuse
Pink Panther 007 sslee posted the Genuine Efire and the Fake Efire
=> the difference is just the Limited and the Ltd
so need EY to check which is better Limited or Ltd
2021-06-29 20:18 | Report Abuse
Some more approved by Ketua Aktivis Persatuan Pengguna Islam Malaysia (PPIM), Datuk Nadzim Johan to support Serbak shares.
siaokar judi jangan tak judi, syariah compliant some more
29/06/2021 8:10 PM
2021-06-29 20:13 | Report Abuse
Serbak wants to escape from SIR that is why they wish to sack external auditors by hook or by crook and they were successful. But SIR under EY is not assured as yet as EY has not accepted it.
Posted by Bemillion > Jun 29, 2021 8:08 PM | Report Abuse
Alenac you re correct... SC has instructed SD ... for Special Independent Reviewer SIR set up by this Friday ultimatum
2021-06-29 19:58 | Report Abuse
I think you are naive, it has now become a requirement of regulators to get an independent review done.
Posted by ykloh > Jun 29, 2021 7:54 PM | Report Abuse
EY's review is no longer relevant as it is a requirement of KPMG who has resigned without submitting an audit report.
The right course of action for SD is to appoint new auditors to prepare report for the 2020 accounts.
2021-06-29 19:48 | Report Abuse
Can you show me an example where EPF disposed troubled company and start to buy back at this price?
Posted by dchin472 > Jun 29, 2021 7:45 PM | Report Abuse
hahaha big institution wont sell at loses…epf is the example they sell at loses alrd ,they try to reduce the risk,if they see this as a chance they will add on the money at this cheap price
2021-06-29 19:34 | Report Abuse
Posted by alenac > Jun 29, 2021 7:29 PM | Report Abuse X
Every day making landmark historic price. Have not yet gone side way, couple with bearish KLCI it is doomed to fall further.
Posted by Solomon7 > Jun 29, 2021 7:23 PM | Report Abuse
Good observation Ibnushaari. Let see it touches the 25c. I think it is a good bargain then.
2021-06-29 19:15 | Report Abuse
ladies and gentlemen, welcome to Serbak De Casino, place your bets for tomorrow.
2021-06-29 19:02 | Report Abuse
Yeah I am still suspicious of their refusal to heed the request of KPMG until the KLSE demanded the appointment of an independent reviewer. RM4.3 billions not a small figure. Any adjustments would have impacted the bottomline.
Posted by stockraider > Jun 29, 2021 6:57 PM | Report Abuse
Whether it is EY or KPMG the outcome & findings will be likely to be the same mah, Do not believe in false hope mah!
2021-06-29 16:59 | Report Abuse
Yeah, tried to play monkey even before KPMG resigned. Now have to listen to regulators.
"The directive comes as the stock exchange noticed that Serba Dinamik has not announced the appointment of an independent reviewer until now.
Last but not least, the appointed accounting firm must report directly to Bursa Malaysia and the Securities Commission (SC) periodically on the progress of the special independent review as well as the findings upon completion of the review exercise. – June 29, 2021"
https://focusmalaysia.my/serba-dinamik-to-bursa-malaysia-your-wish-is-my-command-but/
2021-06-29 14:41 | Report Abuse
Concur with you. Why need to co operate when there is a legal suit against you?
Posted by alieyasmart > Jun 29, 2021 2:22 PM | Report Abuse
Me dont think that KPMG will easily give access to EY
Hihi
Posted by OrlandoOilSemiconIoT > Jun 29, 2021 2:07 PM | Report Abuse
Not gonna jump d gun n do a KPMG to SC
stock kingdom to interpret tis again carefully tis time
1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted
2021-06-29 14:21 | Report Abuse
Question is why management did not hire an independent reviewer in the early part of KPMG audit when they have found lots of disputable items? Why delay and refused until ordered by KLSE? "Ada udang disebalik batu?"
Posted by newbie128 > Jun 29, 2021 2:16 PM | Report Abuse
Bobvic96 thats why directors run run hahaha. One look at the accounting book even director fees not worth it if need go jail hiak hiak.
2021-06-29 13:55 | Report Abuse
I bet you these nominees are "yes men" of the management.
“These are very highly reputable individuals who have garnered the respect from the public at large during their tenure serving the people of Malaysia.
“So, there will be more credible and stronger figures who are coming to take up the vacancies left by the exiting directors,” he told TMR.
2021-06-29 13:49 | Report Abuse
The shoplot chairman is critical of the former directors, one of them is an ex KPMG partner. There is more to audit issues than it appeared to be. Question is, whether the chairman is aware of the nitty gritty of what is going on and is he truthfully brief by Karim and gang. Ignorance is not a bliss.
"He said the ex-INEDs’ resignation was mainly because they were not able to face the challenges arising from the audit concerns.
“They did not do much against KPMG. When it comes to crisis management, they could not manage it and did not know how to solve the crisis. Thus, the fastest way for them is to resign. There is nothing to hide because we are a public listed company. Serba Dinamik has 7,000 staff, how can we lie to them?” he asked."
2021-06-29 11:23 | Report Abuse
KLCI moving towards 1452 pts. Bearish move, even blue chips will be victims of market down turned, with indefinite MCOs.
2021-06-29 11:18 | Report Abuse
hahahahahah How many sardines gonna to be canned today?
2021-06-29 10:23 | Report Abuse
Good price, opportunity for EPF to unload. hahahahahah..................
2021-06-29 10:20 | Report Abuse
Conditional upon accessed to KPMG files. If KPMG put a spanner in it, what happened?
Fklim888 EY just appointed for reviewer ... sudah terbang ka ?
29/06/2021 10:12 AM
2021-06-29 09:10 | Report Abuse
hahahahahah EY appointment is not a significant event, should have done it much earlier. Anyway last opportunity for holders who got caught to exit. Remember EPF and other forced sale will continue.
Posted by pearlwhite > Jun 29, 2021 9:03 AM | Report Abuse
.,
When you objectively look at KLCI, you know alot of retail investors "blom tau apa makna mati lagi"
every decade, there are definately 2 groups of waterfish that get their fingers burnt, not to mention old timers.
never learn.
2021-06-28 22:33 | Report Abuse
Reporter does stage show for him and does not asked hard questions to him. Wayang2 shiok sendiri.......Should get Aljeezera....like interview Najib.....
Posted by 654321aaa > Jun 28, 2021 10:30 PM | Report Abuse
No body got interested to see the karim youtu any more..dump dump.
2021-06-28 22:22 | Report Abuse
Jun 28, 2021 2:59 PM | Report Abuse
EY wants to go in with their eyes wide open. Possible to weigh whether to take or reject the job.
2021-06-28 22:07 | Report Abuse
KPMG advice them and they ignore and were not serious to get independent reviewer until Bursa wrote and tell management then only reluctantly comply to appoint a third party.
Ron90 masak ler.. KaL1m playing delay tactic but Bursa doesnt buy it, last friday suppose to annouce, they delay, and this will be the second time Bursa rquest for independent reviewer, 2 july.. no more 1-2 week than become months. than years, than excuse with court proceeding, etc..
28/06/2021 9:37 PM
2021-06-28 22:02 | Report Abuse
23rd Turnover was only 130 mill, 24th ? 25th? & today how much EPF disposed?
mf 28-Jun-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,035,000 shares on 23-Jun-2021.
28-Jun-2021 Insider DATO' AWANG DAUD BIN AWANG PUTERA (a company director) disposed 8,000,000 shares on 25-Jun-2021.
28/06/2021 9:46 PM
2021-06-28 16:42 | Report Abuse
Methinks another 5 more working days for funds to dispose, by early next week dust will settle.
Posted by derrickinvestor > Jun 28, 2021 4:40 PM | Report Abuse
epf continue dispose
2021-06-28 16:39 | Report Abuse
14 mill disposed at 32.5 sen for sardines to buy.
2021-06-28 16:32 | Report Abuse
Yeap another run on its price.
Posted by iHunter > Jun 28, 2021 4:28 PM | Report Abuse
Now, hiring EY as reviewer has no value. Investors unable to sue reviewer if any misleading info. You can only sue Auditors if they provide misleading info.
If they fail to get EY as auditor instead of reviewer, they already send "warning message" to investors.
2021-06-28 16:27 | Report Abuse
Serbak won't act fast anything done fast will be for benefit of owners. Eg appointment of independent reviewers since before LDs until now not settled while share price have collapsed.
Posted by shybutter > Jun 28, 2021 4:23 PM | Report Abuse
I dont know how long is the procedure or process of appointment needed, but i do personally think Serba has do it immediately
Https://www.nst.com.my/business/2021/06/702915/serba-dinamik-finalise-...
2021-06-28 16:17 | Report Abuse
Come to think of it, this Uncle already lost his pants buying Serbak or 2 other companies. What you get from suing an angry article?
Posted by dimmubroker > Jun 28, 2021 4:13 PM | Report Abuse
Sue because of ponzi scheme accusation. That is real slander
Posted by alenac > Jun 28, 2021 4:12 PM | Report Abuse
First sue KPMG, now want to sue "Uncle" who wrote Serbak is a Ponsi co.
The more you sue, the more people think you are not transparent or maybe you are not truthful after all.
2021-06-28 16:12 | Report Abuse
First sue KPMG, now want to sue "Uncle" who wrote Serbak is a Ponsi co.
The more you sue, the more people think you are not transparent or maybe you are not truthful after all.
Posted by i3lurker > Jun 28, 2021 4:06 PM | Report Abuse
thats why I propose that they sue EY to get quotation will be faster
2021-06-28 16:02 | Report Abuse
I dun think so. But they give advise that chef karim has same religion with them so should help support his counter. This is what I call suicidal, no commonsense and without logic. Capital markets don't behave this way, and not influence by religion but sentiments.
Posted by i3lurker > Jun 28, 2021 3:49 PM | Report Abuse
Leno
I think they have Capital Services License to give investment advice lah
otherwise they wun post right?
I am so confused leh
2021-06-28 15:24 | Report Abuse
3 times tried to approach the management, they rejected or remained silent. Who can wait when Serbak shares are being hammered down?
Posted by Sslee > Jun 28, 2021 3:20 PM | Report Abuse
Frankly Speaking: Could Serba Dinamik’s institutional investors have tried a different tack?
TheEdge Mon, Jun 28, 2021 12:35pm - 1 hour ago
Stock: [ARMADA]: BUMI ARMADA BERHAD
2021-07-10 09:27 | Report Abuse
Problem is the russian and arab are playing roulette with oil supply.
Macgyver11 Bumi always green..wait patiently until oil hit 80, more green coming. 0.60 mari
09/07/2021 5:02 PM