Steven Chan What is sotong?
23/04/2024 12:53 PM

Sotong = CIMB

Probably because CIMB used an octopus (maybe a squid) on their promotion material for CIMB Clicks

DividendGuy67 TALIWRK back above 80sen, closing at 0.815

Does anyone know why? The share price was punished because the dividend was reduced by about 39%. Something should be emerging for the share price to suddenly jump 2.5 sen with 6+ weeks to go to the next Quarterly Report.

SinGor Petrobras spent the last two years replenishing its fleet and chartered over a dozen rigs for work in Brazil at a moment worldwide demand for deep-water equipment is strengthening and close to maximum utilisation, pushing dayrates close to the $500,000 threshold.
____________________________

SAP Rigs should be getting much Better than $ 150,000 DayRate ( $200,000 is Fine but compare to $500,000
what Brazil is paying------it is ridiculous Low )

=======

SAP only have semi-tender and tender-assist rigs which command a much lower dayrate than deepwater rigs - plus the fact that if SAP had purchased deepwater rigs the company would most likely not exist at all due to the massive cost of deepwater, expensive maintenance and little utilsation for 4+ years.

However, there are a limited amount of these tender assist type rigs worldwide, so if the demand increases so will the dayrates.

cooledhawk123654 difficult to know the rational behind the selling

It is difficult to imagine anything positive about the selling, which has increased from circa 1 million every 3 days to 1 million in 2 days. About another 140 trading days at this rate to get rid of all his shares held by The Best Source Holdings - which I suspect is a margin account. So, maybe he is disposing before the price gets to a level he has to top-up with cash.

Mr Seng sold the shares in his margin or indirect account so 300k shares are shown as sold by both him and Best Source.

He has upped the rate of disposal now to 534,500 shares on the 5th Feb. Doesn't even wait to pocket the dividend.

hhhiii123 what happen to the open price on Friday lol, squeeze sale?
04/02/2024 3:09 PM

Clearly manipulated (check the Bursa announcements), so the EPF could buy 14,262,500 shares at a discount and the sell 1,000,000 at the normal price.

Keqing Tan special dividend 1 sen but at least the interim dividiend still maintain 3sen still ok
26/01/2024 11:05 AM

Still OK? Your annual dividend for the financial year 2023 has just been reduced by 24% as compared to 2022!

With little real hope of a meaningful share price increase, why not do what Mr Seng is doing?

900k shares sold in 3 days!

SinGor
😂😂😂😂😂😂

Mr Seng sold 300,000 shares today!

Everything is possible but some outcomes are more likely than others

Here he goes again, not even waiting to pocket the dividend. He is either desperate for cash or .......

Name MR TEOH BENG SENG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
1 29 Jan 2024
No of securities
61,500

Type of Transaction Nature of Interest
Disposed Indirect Interest

Keqing Tan

why keep disposed? or it just boss need to collect cheap ticket?

Constant and steady selling. Obviously thinks the price will go up and doesn't want to be too rich, or ........?

Only selling off his trustee shares, maybe so far.

Run while you can

kamirise360 May i know why is that you will wait until 5th Dec?

Any indication you are waiting for?

Posted by Parrot > Nov 22, 2021 1:38 PM | Report Abuse

I want to know if KWSP & KWAP are still holding or sold all the shares?? Show me where..I will decide then to hold or sell..One more thing..I will wait till 5th Dec 21 before taking the necessary step..
22/11/2021 4:31 PM

That is St Nicolas (Santa Claus) day in the Netherlands. Maybe hoping for a nice kado (gift)
22/11/2021 5:03 PM

https://www.theedgemarkets.com/article/bursa-announces-continued-suspension-serba-dinamik-share-trade-due-not-meeting-directive

KUALA LUMPUR (Oct 27): The suspension on the trading in Serba Dinamik Holdings Bhd's shares remains in effect as the company has not complied with the directive to make an announcement on the findings from the special independent review, said Bursa Malaysia on Wednesday.

This follows Serba Dinamik's last update on the matter on Monday (Oct 25), when the oil and gas group denied that its directors had been given a "factual findings update" by Ernst & Young (EY), which is undertaking an independent review of the group's financial accounts.

"Kindly be advised that SERBADK has not complied with the directive to make an announcement on the findings from the factual findings update on the special independent review by Oct 26, 2021.

"Accordingly, the trading in the company's securities shall be suspended with effect from 9.00am, Wednesday, Oct 27, 2021. As the trading in the company's securities has been suspended since 2.30pm, Oct 22, 2021, the suspension of trading will continue until further notice," the bourse said in a filing on Wednesday.

Previously, Bursa had asserted that details from the factual findings update as at Sept 30 on the special independent review were communicated to three out of four independent non-executive directors on Oct 21.

The regulator went on to set Oct 26 as the deadline for Serba Dinamik to announce the findings of the special independent review.

Serba Dinamik, in its filing on Oct 25, said EY was still in the midst of performing the special independent review and that the documents from the independent reviewer did not fall within paragraph 9.03 and 9.35(A) of the Main Market Listing Requirements, which relate to disclosure of information considered material, if it affects a company's share price and investor decision.

Serba Dinamik further shared that its terms of engagement with EY have "provided that no work products will be distributed to any parties including the regulators, before and/or after the status update".

Serba Dinamik was last traded at 35 sen prior to its suspension on Oct 22, translating into a market capitalisation of RM1.3 billion.

Investing_Bursa Karim has flew to Dubai ytday.....trying to sort this issue abt verfication by EY

Next leg, flight to Schiphol (Holland) - that's why he pocketed the RM4m from his warrants

Note the word "immediate". It didn't happen and hasn't happened yet.

SERBA Dinamik Holdings Bhd has reiterated that it will make an immediate announcement on the outcome of its special independent review (SIR) upon completion of the findings by its special independent reviewer Ernst & Young Consulting Sdn Bhd (EY).

In a Bursa Malaysia filing dated Sept 6, the global integrated oil & gas (O&G) service provider said EY has been furnishing its independent non-executive directors with progress updates on a bi-weekly basis.

On Sept 2, the company’s audit and risk committee chairman Johan Mohamed Ishak told FocusM that the timeline and submission of the SIR pertaining to certain accounting matters flagged by its former external auditor KPMG PLT rests solely with EY.

Above all else, the matter is under the prerogative of EY who will be directly reporting its findings to Bursa Malaysia.

“On its part, Serba Dinamik has given a full cooperation to EY with regard to the SIR,” he pointed out. “Our estimation is that the SIR will most likely be made public in 4Q 2021”.

Johan was responding to an opinion expressed by the Minority Shareholders Watch Group (MSWG) CEO Devanesan Evanson that it has been close to two months now yet the global integrated oil & gas (O&G) service provider has not announced an indicative date as to when the SIR report will be made available.

“The SIR is not an external audit of the financial statements and its scope is limited to the matters highlighted by KPMG,” Devanesan pointed out in a recent weekly newsletter. “Surely, between the company and EY – by now – they should be able to iron out an indicative date for the release of the SIR report and the findings thereof.”

Devanesan added Serba Dinamik should provide an indicative date as to when the SIR report can be made available to provide some comfort to minority shareholders.

Johan also dismissed allegations that Serba Dinamik is purportedly trying to delay the release of the SIR findings.

“We are equally as desperate to await the outcome of the SIR report as we are looking forward to close a black chapter in the company’s corporate history. But this is not without logistical complications due to meeting requirements of the movement control order (MCO) policies by the Securities Commission (SC) and EY,” he justified.

“Nobody has gained anything from what has transpired since mid-May; Serba Dinamik has seen 75% of its market capitalisation wiped out from RM6 bil to RM1.55 bil today”.

Unless the SIR is released soonest, Devanesan has also raised concerns that the external audit deadline of Oct 31 for Serba Dinamik’s accounts for financial year ended June 30, 2021 could be extended which would add further uncertainty to minority shareholders.

Serba Dinamik was unchanged at 40 sen with 3.91 million shares traded, thus valuing the company at RM1.49 bil. – Sept 9, 2021


https://focusmalaysia.my/serba-will-release-its-special-independent-review-findings-once-finalised/