1.8/6 = 109.5 days

Industry norm 95 days

Jz work on sslee don't spend so much time in i3

i3lurker

U talked a lot at least 3 times more thn d guys

U r definitely a female

A old lady in her 60s fat n all by herself lonely looking for company

Sort out d underlying issues not d price ok

KMPG local partners now know their fallacy to blow up small issues but having srewed d management staff now they r at moral high ground cannot come down

KMPG is in big trouble

Point is u don't know anything

U don't know wat r ratios

U don't know cannot look at absolute balance coz everything is relative

Point is u don't know anything

Don't know anything yet simply post

Simply post FAKE conclusions

Smearing innocent

kiasu fella who does not know anything but simply post

Serbadk receivables credit period is just slightly higher than the industry usual collection period of 95 days at 113 days

Receivables credit period ratio UNDERSTAND OR NOT??!!

To tat kiasu fella who does not know anything but simply post

The receivables credit period is just slightly higher than the industry usual collection period of 95 days at 113 days

Price over ebitda appears kinda ok


The acquisition will cost Hibiscus US$212.5 million (RM879.5 million).

In the statement, Hibiscus said it estimated that the new asset purchased will generate approximately US$255 million total net undiscounted cash flows over the next five years.

It also highlighted that the estimated earnings before interest, taxes, depreciation and amortisation (Ebitda) contribution to the group is US$135 million for 2022.

What? 255 if discounted will get only 8.5 per year?

42.5 millions divided by 5 . each year get back 8.5 m usd.

What is this? Not 255 divide by 5?

All these are brown fields?

US while barring others from doing so had quietly been importing upto 3m bpd from Iran

I have Armada but it not going up enough as it shd b

Any decent profit to b had here?

Serbadk went to Middle East with the quite blessing of Petronas

Serbadk jz took over Petronas Teluk Ramania fabrication yard at 320m

Likewise....

Malaysia companies auditors included hv been quite attuned to Malaysia forced labour standards until lately

Tis ain't d first time

Petronas wil come to d rescue

Karim is a product of Petronas programmes

Karim would not b able to rise to whr he is today if he has not satisfactorily been able to deliver on Petronas contracts all tis years

It is jz tat Karim d Petronas trained has b spoon fed hand held n tolerated by Petronas

Tolerated tolerated tolerated tolerated... so Karim mentality n documentation is of Malaysia standard

Lousy documentation but no fraudulent transactions


Karim is d poster boy of Petronas programmes


Petronas will not let its favorite protege to go down due to lousy documentation

Petronas wil come to d rescue

Those things brought up by KMPG r very unsophisticated for someone who intends to con to con so big

Those things brought up by KMPG r very unsophisticated for someone who intends to con to con so big

Those things brought up by KMPG r very unsophisticated for someone who intends to con to con so big

OrlandoOilSemiconIoT Thr is no fraudulent transaction

Thr is no financial loss

Thr is only lousy documentation

04/06/2021 8:28 PM

X

OrlandoOilSemiconIoT Malaysia stadard documentation

04/06/2021 8:30 PM

OrlandoOilSemiconIoT Thr is no fraudulent transaction

Thr is no financial loss

Thr is only lousy documentation

04/06/2021 8:28 PM

X

OrlandoOilSemiconIoT Malaysia stadard documentation

04/06/2021 8:30 PM

Malaysia stadard documentation

Thr is no fraudulent transaction

Thr is no financial loss

Thr is only lousy documentation

KMPG local partners on 1MDB debacle have been screwed left right center by world partners

After been screwed KPMG local
partners screwed all d management staff n told them must uphold highest standards

KPMG management staff overzealouslly suddenly insist on world standard documentation


Karim started small Petronas trained still maintain small biz mentality n documentation

These 2 worlds collide


Karim has not changed Serbadk has not changed

KPMG has changed


KPMG is lost without direction

KMPG local partners on 1MDB debacle have been screwed left right center by world partners

After been screwed KPMG local
partners screwed all d management staff n told them must uphold highest standards

KPMG management staff overzealouslly suddenly insist on world standard documentation


Karim started small Petronas trained still maintain small biz mentality n documentation

These 2 worlds collide


Karim has not changed Serbadk has not changed

KPMG has changed


KPMG is lost without direction

KMPG local partners on 1MDB debacle have been screwed left right center by world partners

After been screwed KPMG local
partners screwed all d management staff n told them must uphold highest standards

KPMG management staff after being screwed overzealouslly suddenly insist on world standard documentation


Karim started small Petronas trained still maintain small biz mentality n documentation


These 2 worlds collide


Karim has not changed

Serbadk has not changed



KPMG has changed


KPMG has changed post 1MDB


KPMG is lost no more direction

Big volume

Big funds accumulating

New support

Even KPMG do not dare to straight out issued an adverse opinion

U dare jump d gun??

U must provide ratios

Cooking d book since 2013

Hv not been able to collect payments since 2013 but still able to survive till todate

U must provide ratios

Oso....

2013

Have not changed

Have not changed since 2013


Tat means Karim had started cooking d books since 2013?

Operated wit modus operandi since 2013


Since 2013 yet Serbadk is still around in fact thriving all ths years

8 years cooking the books?

Karim says has said so on record



I hv not changed since day 1 how come all of sudden u don't recognize me anymore??

How come all previous years audited financial statements were cleared but not this year when everything remains the same??

How come suddenly u don't love me anymore??

How come KPMG???


"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013







Serba Dinamik group managing director and group chief executive director Datuk Dr Ir Ts Mohd Abdul Karim Abdullah in a statement said the management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 25 May 2021.

"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013

U hv started off wrong

U must provide ratios

Sex firms?

U think KLSE....

KLSE = Kuala Lumpur Sex Exchange

WOW QES d BEST!!

No verification and certification of the materials on site by independent professionals such as QS/Architect/Engineer ??


KPMG found the addresses of ths QS/Architect/Engineer same Karim's house address??

iyoyo u don't know anything cannot simply post

As suspected u don't know how to do it

Since u spending time

To do proper one

Don't just put absolute figures put in some ratios such as trade receivables credit period... trade payables credit period... stocks holding period... acid test ratio...etc etc etc

How to verify stocks at site?

Stocks at site

Is tis tat difficult to verify?

Wit d likes of FOXCONN interested why sell cheap?

DNEX is kacang putih to d likes of FOXCONN

RM 1 = 1 quarter US$

Dirt cheap

Collaboration wit Applied Engineering is for QES to delevop its own range of products under manufacturing segment

QES the BEST!!!

NIKON

My take

It is very likely to b an ethical problem on Karim part

NOT a FINANCIAL problem for Serbadk