Cause Yinson has terrible Free Cash Flows and has a very unusual business record. In a short short while cam become top FSPO operator in the world, now getting 800mw solar contract. So unusual

I support Calvin Tan. Yinson is fking suspicious. In a short few years, they from nothing become top O

Post removed.Why?

Michael Yeo illiterate amateur trying to read legal documents. LOLOLOLOL. Just stick to your expertise, you know nothing about legal cases

I mean spirit of the LR

I am not too familiar with listing rules. But I am sure what they are doing is counter productive to the nature of the LR

You got a point. I may email Bursa and see if what they are doing is in compliance with its ruling. But I can say straight off the bat it should be in compliance. However, it is very unfavourable to minority shareholders.

Ahgorgor i am not good in anything. I just read up on pn16 and its requirements and also compared Pinepac to previous cases. Pinepac is just a little more peculiar in that it has quite a bit of cash outflows.

And yet, nobody seem to bother.

What can potentially be a windfall for earlier shareholders is now eaten away by some faraway indonesian business. How ridiculous can this be

Why the journalist who wrote about Pinepac didn't raise this issue? It just take a couple of minutes to read the QR reports. This is not a good thing.

Clarify

Expansion into an existing business is not allowed as a regularisation plan. The cash deposits should be locked away for a new core business. Why are they allowed to take out the money for so called rehabilitation program? They do it through payment of cost of sales. Why is this even allowed. Under their utilisation of proceeds, they still have RM 85 million more to go for their rehabilitation program. After that, Pinepac will have almost no cash left. SC pls look into this and clarify

When you are classified under PN16, the company's cash deposits should be locked away for a new core business. Why is Pinepac able to use the money to fund its Indonesia plantation business? Can SC pls clarify whether this is in compliance with Paragraph 8.03? I understand it is a rehabilitation program so quite likely the funding of its Indonesia business is expensed under Cost of Sales. Irregardless, this is using our money to pay for an existing business which is against paragraph 8.03.

Just like every market cycle, the newbies, noobs like these Serba promoters will be out, only real investors will survive. Survival of the fittest

Risk

Few months later, all these Serba promoters will be flushed out of the market because they took excessive tisk

I will say greedy, slow to adapt, and shortsighted

Lol so many blind people here

Post removed.Why?

My TP is RM 10. EURO and Dataprep went up to few billion ringgit in Market Cap. Why not Kobay? We are still at stage 1,still got 5 more goreng stages to go before Kobay hit RM 10.

Post removed.Why?

Kwap and epf got no choice but to hold. Who will buy from them u dimmy

Post removed.Why?

They forgot that debt holders get paid first before they do

Post removed.Why?

Post removed.Why?

Post removed.Why?

Those who buy Serba without considering the actual implications, are fools.

Evidence is out there for all to see. Till now, KPMG cannot validate the authenticity of billion ringgit worth of transactions and balances. How can few hundred million dollar worth of raw materials be unable to be located? How can hundreds of millions worth of contracts do not have a corresponding supplier or customer who can validate the authenticity of them? What world are we living in today? Such a company who can undertake this major contracts must have some way of contacting them.

Untill it is trading at a discount of 70% to net cash, only it becomes a fair deal.

I wonder why you so ganjiong want people to buy Pinepac when it is clearly not favourable to minority shareholders. How can they incur RM 2 million and more a quarter, they are suppose to be shell company. How to guarantee it is not a leakage?

Post removed.Why?

If you think you are getting a good deal, think again. It is a trap.

One company even manage to get a deferral for 7 years after falling into PN16

So where all the money go? Admin expense, salary etc, but as minority shareholders, you get nothing from the cash

Do they know Pinepac can easily say Covid hard to make acquisition, so defer it to next year? No they don't or act they don't know. Did they even note that their they are making losses of over RM 2 million a quarter? At this pace, if they defer for one more years, the cash pile will dwindle, if another year, dwindle untill RM 0.50 also don't have.

Post removed.Why?

Dont listen to dumb people. I notice the news journalists are usually dumb fools who never really make actual investments.

Want to drag down everyone with you? Blackhearted. Just like those who engage in accounting magic. All are scammers

How much do unsincerestockliarliarpantsonfire own in Serba?

Windy u r talking about Koon Yew Yin.

If they can't value a simple stock like PTRANS, they shouldn't be keeping their jobs

Analyst who give TP of RM 1.00 and above should be fired.

FS contract means fake rumour making up stories

Post removed.Why?

We are saving their investments

There are people not buying

So let's start giving

We are the ones who make a brighter day