BennyWhittman,

I am intrigued about the whole situation.

Just needed to ensure financials are clean.

Bought some at 0.60 and hoping that it will be another MMC mispricing situation.





BennyWhittman PSA...clap, clap...you are truly very resourceful and opinionated as many have said in so many other counters..clap,clap.

However, the walls of this dam had cracked and water already drained. To repair takes time and money and of course, the opportunity.

It would be wonderful for 2021 AR if everything did not changed drastically. But things are never what we hope them to be?

Going into 2022 with damaged wheels may take a longer route.
31/12/2021 11:11 AM

At current price, ATA's PE is only 4.9.

Using PE of 22, the 'forward-looking' earning will be PAT of RM21.89M . That's assuming ATA will just sit and twiddle it's thumbs.

Atech, on the other hand, has PE of 55 with sunset wallkie-talkie stuff and flat revenue/profits.





---------------------------------

ATA IMS


Issued Shares: 1,204M


Market cap at 0.615 : RM741M

PE at 0.615 : 4.9 (FY2021 PAT)



_____________ 2019 _________ 2020 ________ 2021

Rev ______ 2,908.56M ____ 3,352.24M ______ 4,221.82M

PBT ______ 152.50M ________ 106.80M ______ 192.037M

PAT ______ 112.94M _________ 76.27M ______ 150.300M

Salaries ___ 274.69M ______ 315.73M ______ 380.65M

Lease Exp ___ 15.96M _______ 16.05M _______ 18.28M



-------------------------------



ATECH

Issued Shares: 358.18M


Market cap at 2.33 : RM834.56M

PE at 2.33 : 55


________ 2019 ______ 2020 _______ 2021

Rev ___ 358.17M ___ 389.31M ____ 362.17M

PBT ____ 31.04M ____ 32.38M _____ 17.82M

PAT ____ 23.88M ____ 23.6M ______ 15.10M

Segments:
• Communications and IoT products (89.5%)
• Electronic devices (9.4%)
• Semiconductor components (1.0%)

• R&D expenditure accounted for less than 1% of revenue



https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/content_entry617bfcc339fba20f70a0657b/61aed24b39fba23faccf1851/files/IPO_factsheet__Aurelius_Technologies_Berhad_.pdf?1638847057

Please do not mislead!

Chip shortage has got nothing to do with Atech because it does not produce chip at all.

You promoted Big Industries as provider of medical oxygen during the Covid crisis in India, when in reality the company makes some industrial oxygen only.


-------

pang72 Chip is highly shortage now...

Lead time about 1 year....

ATECH SEMICONDUCTOR COMPONENTS BUSINESS IS THE NEXT FOCUS GEM NOW...

ATECH IS GOING TO BE NEXT INARI, MPI, UNISEM....


YOU UNDERSTAND?
31/12/2021 10:18 AM

No semiconductor at all. No R&D spending.

Just sunset wallkie-talkie stuff.

Flat revenue/profits.

Fair value at PE 20: 0.84


ATECH

Issued Shares: 358.18M


Market cap at 2.39 : RM856.05M

PE at 2.39 : 57


________ 2019 ______ 2020 _______ 2021

Rev ___ 358.17M ___ 389.31M ____ 362.17M

PBT ____ 31.04M ____ 32.38M _____ 17.82M

PAT ____ 23.88M ____ 23.6M ______ 15.10M

Segments:
• Communications and IoT products (89.5%)
• Electronic devices (9.4%)
• Semiconductor components (1.0%)

• R&D expenditure accounted for less than 1% of revenue



https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/content_entry617bfcc339fba20f70a0657b/61aed24b39fba23faccf1851/files/IPO_factsheet__Aurelius_Technologies_Berhad_.pdf?1638847057

Hotstuff,

Chill. Anger destroys no one but yourself.

You shouldn't be worried since your entry cost is around 0.40

At very high PE of 30, price is only 1.27,

Insiders selling left right center.

Meaning you will sell Ajiya at 1.10?


rr88 I dont simply say arr. I study the chart like a hawk. You can sell AJIYA at 1.14.
30/12/2021 3:42 PM

Hmmm... looks like attacker hiding in the bush waiting to attack.

Thanks but no thanks.


rr88 AJIYA can buy now. Its a cup n handle breakout. It will move to 1.15 today or tomolo.
30/12/2021 2:59 PM

rr88, you might be right this time.


At PE of 20-30 and PAT of RM15.09M, market cap should be RM301.8M - RM452.7M.

Atech price should be 0.85 - 1.27 .

2.29/sh is severely overpriced for walkie-talkie and LED manufacturing services.



rr88 My mouth foaming alredy for saying dont buy, it will drop
30/12/2021 2:38 PM

Just had a look at Atech. At PE of 20-30 and PAT of RM15.09M, market cap should be RM301.8M - RM452.7M.

Atech price should be 0.85 - 1.27 .

2.29/sh is severely overpriced for walkie-talkie and LED manufacturing services.

.

Sure or not? I thought he makes 100k per day in Bursa, HKSE, NYSE and some say Bombay stock exchange.


BennyWhittman We are adults and our investing decision are not marred by some crazy fools who had lost their minds. They would pop up in any counter to promote and the delete all posts when failed...hehehe Aske him about his twist and turn at ATECH
30/12/2021 1:25 PM

Get f by bengali (rr88's typical words not mine) 80% of the time for 5 sen per shot, and now got to kiss ass for more at 3 sen per shot?

ATA's problem was not succumbing to Andy Hall's ransom.


BennyWhittman Dyson's contribution is 80% Revenue is not their Mary Poppins? Hell, I think they would be willing to kiss azz if needed.
30/12/2021 1:05 PM

If Dyson's volume lost is certain, the volume gain by V.S. and SKP will also be certain. If the forward-looking market reaction were to hold true, V.S. and SKP prices would have spiked. But they did not.

I do not think Dyson is Mary Poppins. They probably announced termination of contract, after the bad press by Andy Hall, so as to avoid being banned by CBP of the States. Meanwhile, they will do whatever colonial slave masters do, to maximize profits for themselves.

Dyson's revenue increased by 6% to £5.7 billion and EBITDA increased by 18 per cent to £1.3 billion for the year 2020. That is during the pandemic and when many suppliers went into losses.

https://www.businesstimes.com.sg/companies-markets/dyson-posts-6-rise-in-fy2020-revenue-kickstarts-%C2%A3275b-investment-programme

If staff well-being is paramount, why is James Dyson resisting work from home guidance?

https://www.theguardian.com/technology/2021/dec/13/dyson-tells-many-of-uk-staff-to-work-in-office-even-after-plan-b-guidance-change



BennyWhittman @PSA, to lose 80% Revenue from main contributor is a great blow. It's not who are the remaining rest but to make up the competitive vacancy available.

Given it is until June 2022 but to fill the vacant production with so huge lost may be bigger than just a 50% lost. Market always react in anticipation and FORWARD not wait till June 2022 to react.

Thank you for your opinions.
30/12/2021 11:48 AM

The projects are fake. Real money was taken out.

i3lurker will be the best person to explain how the "Circle Fraud" took place.


--

KPMG was unable to ascertain the existence of the suppliers in question as well as the appropriateness of the purchases made during the year.

In its findings, company searches on Serba Dinamik’s local suppliers raised several common red flags. Two of the suppliers had the same incorporation date of April 23, 2019, while five suppliers with a paid-up capital of RM100,000 have the same registered office.

What is more concerning is that KPMG noted that each supplier was owned by an individual shareholder with transactions ranging between RM60 million and RM96 million.

The two suppliers that were incorporated on the same date also share the same business address. However, when the auditors paid a visit to determine the physical existence of the suppliers, they were unable to locate the suppliers at both their business and registered addresses.

---

shareinvestor888 Noted @PSAi3alert…. If suppliers were paid, then need to investigate where were the paid supplies? Were the suppliers ‘ goods used for the projects?
Was Serbak paid for projects completed?

If yes, why SC alleged false statements? So many questions need to be answered by Serbak…
30/12/2021 11:54 AM

shareinvestor888,

Money would have gone out through suppliers accounts.

It will be a Greek tragedy If the money was used to fund Karim's personal share purchases in Serba.


https://www.theedgemarkets.com/article/bursas-suit-sheds-more-light-serba-dinamiks-financials

"Under the second scope of EY Consulting’s findings for the SIR, in respect of the concerns raised by KPMG regarding six identified local suppliers, EY Consulting similarly raised concerns on the veracity of the transactions with the six, stated the court documents. The recorded transactions and other amounts were found to be more than RM638 million."


shareinvestor888 IF SC managed to show conclusive proofs that Serba did falsify as alleged in the charges, Then Next Big Question is Where did the Bank loans & Bonds Proceeds go to?

Who would then investigate Serbak’s Ceo & management on where the money from bonds & bank loans went to? Or impossible to investigate?
30/12/2021 11:31 AM

Errr.... there's over RM200M outstanding loan in Karim's margin account.

Can he use the money in the suppliers' accounts (say from Kekal Jitu Sdn Bhd that has only one employee, who confirmed that she was the administrative executive of the company and had just joined the company on March 1, 2021)?


Loan outstanding
28/06/2021 RM280,000,000 - 46,300,000 x 0.3625 = RM263,216,250
29/06/2021 RM263,216,250 - 61,707,000 x 0.3525 = RM241,464,532
29/06/2021 RM241,464,532 - 95,000,000 x 0.3525 = RM207,977,032
30/06/2021 RM207,977,032 - 10,178,200 x 0.3275 = RM204,643,671
01/07/2021 RM204,643,671 - 22,000,000 x 0.3800 = RM196,283,671
12/07/2021 RM196,283,671 + 10,000,000 x 0.4688 = RM200,971,671
12/07/2021 RM200,971,671 + 5,000,000 x 0.3275 = RM202,609,171
12/07/2021 RM202,609,171 + 2,500,000 x 0.3125 = RM203,390,421
12/07/2021 RM203,390,421 + 1,000,000 x 0.3475 = RM203,737,921

Shares movement
28/06/2021 1,004,061,570 - 46,300,000 = 957,761,570 (0.3625 avg high low)
29/06/2021 957,761,570 - 61,707,000 = 896,054,570 (0.3525 avg high low)
29/06/2021 896,054,570 - 95,000,000 = 801,054,570 (0.3525 avg high low)
30/06/2021 801,054,570 - 10,178,200 = 790,876,370 (0.3275 avg high low)
01/07/2021 790,876,370 - 22,000,000 = 768,876,370 (0.3800 avg high low)
12/07/2021 768,876,370 + 10,000,000 = 778,876,370 (0.4688 avg purchase)
30/09/2021 778,876,370 + 5,000,000 = 783,876,370 (0.3275 avg high low)
01/10/2021 783,876,370 + 2,500,000 = 786,376,370 (0.3125 avg high low)
22/10/2021 786,376,370 + 1,000,000 = 787,376,370 (0.3475 avg high low)

pearlblack / siham rebus

Is there any action plan (FATF/FAFT) to make sure the company is solvent until 30th March 2022?

There was a dividend payment of RM59.353M back in 30th March 2021.

If the company were to be insolvent within 12 months of the last dividend payment, the directors can face criminal and civil actions under the Companies Act 2016 (Section 132 Distribution only if company is solvent and Sec 133 Recovery of Distribution).

BennyWhittman,

First of all, there is no revenue loss at this juncture.

Look at the picture of the HR Minister's visit to ATA on the 9th of Dec and you will see Dyson's products being manufactured:

https://focusmalaysia.my/activist-andy-hall-questions-hr-ministers-u-turn-statement-on-ata-ims/

Off course the margins matter. Let's assume Dyson contribute to 80% of sales with 5% margin, and the other customers (Sagemcom, Schneider Electric, Swiftlabs, Ecobee and Cricut) contribute to 20% of sales with 20% margin. When Dyson gets dropped in 6 months time, the decline is margin is only 50% not 80%.

If revenue drop is the primary consideration, why isn't Genting's price at 2.0 and Air Asia's at 0.10 during the past 2 years? (I am of the opinion that Air Asia is worth 0.00 because of it's negative equity and the fact that it will never ever make money again).



-----

BennyWhittman @PSA

If Revenue/Sales is lost, why does the margin mattered?

Your Revenue might be 30 billions with only 1% margin, but if your 30 B is lost, what has the 1% to do with anything?
30/12/2021 10:08 AM

i3lurker,

The guy who called for an EGM to replace KPMG is actually the Deep Throat?

Doubt it.

The first person to ask 'Who farted' is usually the person who farted.



i3lurker maybe he is actually the Deep Throat
and will turn Witness for The Prosecution,

=> maybe thats why he is NOT charged?



Posted by bobvic96 > Dec 29, 2021 8:06 PM | Report Abuse

alenac Why worry for Chef? The whole top management should be crucified for cheating the public.

Indeed, why has Kadier not been brought into the spotlight? He is also an ED and culpable whether actively involved or just not trying to stop it.
29/12/2021 8:33 PM

InterFund, you are not Chinese but yet you con people.

-->>> Conclusion: Conman is color blind


Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD

Posted by InterFund Oct 28, 2021 4:15 PM | Report Abuse

Adding 5 million shares more..................................


Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD

Posted by InterFund Oct 27, 2021 4:14 PM | Report Abuse

Adding another 2 million shares today.................................


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Oct 22, 2021 6:15 PM | Report Abuse

I bought 8 million shares................... Karim bought only 1 million....................



Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Oct 11, 2021 12:09 PM | Report Abuse

RM3 in sight.............................. @uncle_lim is right............................. many new millionaires in the making..............................


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Sep 29, 2021 11:11 PM | Report Abuse

Karim is the best CEO.............. Conclusion after meeting with our clients they want more of SERBADK cakes............... Initiate marubozu...........


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Sep 10, 2021 7:44 PM | Report Abuse

I cut my dicky if down until 30cent.......................


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Sep 10, 2021 6:06 PM | Report Abuse

Today matched another RM2 million worth of shares.................. I'm running out of funds if bilis keep throwing......................


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Sep 9, 2021 12:11 PM | Report Abuse

Thanks collecting 39cent............................


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by InterFund Aug 25, 2021 11:03 AM | Report Abuse

Buyyyy I hold 5 million units average 40 cent........................................

oskchoon, can you try to be unequivocal in your comments?


oskchoon First support is 0.58 , then follow by 0.38 , the last support is 0.29 , pls trade cautiously.. .
29/12/2021 9:34 PM

oskchoon NTA. is 0.67 , now the price is around 0.65 , it may bottom out soon for 2nd leg to form a Strong base for rebound out..
27/12/2021 5:25 PM

oskchoon Another leg soon will be formed to stage a rally up to test 0.745, then 0.79, follow by 0.84 to establish a up trend, pls be patience and trade cautiously, don't be a panic sellers or buyers..
27/12/2021 3:06 PM

Petronas will soon deny a lot of Serba's declared revenue for Malaysia.

Maybe RM 943.56M (50% of RM1,887.125M) for Malaysia is real.

Since I do not have the client names for Sri Lanka and UK, I will accept the RM12.786M and RM10.035M as alleged for both countries. (Otherwise the pearlblack will ask me to look at the Directors' Meeting Register, FAFT, ICAEW etc).

--->> Out of the RM6,014.075M declared for quarter ended 31st Dec 2020, only RM966.381M is real.


p.s. What the hell is FAFT?

There is a FATF - Financial Action Task Force, also known by its French name, Groupe d'action financière, is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing.

________________

Quarterly report for the quarter ended Dec 31, 2020.


Malaysia _______ 1,887.125M
Petronas Chemical Ammonia, Petronas Methanol (Labuan) Sdn Bhd, Petronas Carigali, Petronas Gas

Indonesia _______ 162.249M
- PT Pilar Bahtera Energi

Laos ___________ 6.311M
- Nam Taep 1,2,3 Hydropower Co Ltd

Turkmenistan ____ 99.080M
- Turkmengas

India ___________ 42.914M
- Captiv Techno Solutions Private Limited
- Analog and Digital Labs India Private Limited

Uzbekistan ______ 16.010M
- Hazarasp Chlor Alkali LLC FC

Sri Lanka ___________ 12.786M

Bahrain ________ 430.234M
- Lata International Trading and Services
- Regno International Trading & Services W.L.L

UAE ___________ 1,228.873M
- New Thunder Technical Services
- Block 7
- Future Digital Data Systems LLC
- Sum Tech

Qatar __________ 1,543.077M
- Process Dynamics
- Pavilion Qatar Engineering Co. W. L.L
- Halul Offshore Services Company WLL

Oman __________ 251.545M
- Revenue International LLC

Saudi __________ 205.599M
- Midad Industrial Services

Kuwait __________ 65.560M
- Al-Meer Technical Services Co

Tanzania _______ 52.677M
- Sufini Holdings Ltd

United Kingdom _______ 10.035M


Total 6,014.075M

.

The issues are not as straight forward as potential drop in revenue.

Dyson's margins are 20+% but gives it's suppliers 5% or less.

ATA is still manufacturing for Dyson until June 2022.

If revenue is the only consideration, Genting's price will be 2.0 and Air Asia's price will be 0.10.


BennyWhittman Still not convinced it will even breakout to above 72c again. The pervious average prior Contract termination was 2.60, less 80% Revenue by June 2022, it should be at 52c. For added goodwill, probably be at 55c to 57c. That's the value we look at until a new Contract is procured.

Not touching at above 60c.
29/12/2021 7:07 PM

Looking serious. Travel ban at immigration.

IC 650523135719

https://sspi.imi.gov.my/sspi/index.php

Keputusan semakan:
Sila rujuk ke pejabat Imigresen terdekat

Listen up, ladies and gentlemen!

Our fugitive has been on the run for 24 hours.

Average foot speed over uneven ground, barring injury, is 4 miles an hour which gives us a radius of 96 miles!

What I want out of each and every one of you is a hard target search of every gas station, residence, warehouse, farmhouse, henhouse, outhouse and doghouse in that area.

Checkpoints go up at 120 miles!

Our fugitive's name is Mohd Abdul Karim Abdullah.

Go get him.

Yes, there may be a case against the INEDs, especially Illyas Pakeer and Johan Ishak


--- What the 3 INEDs (Johan Ishak, Mohamed Farid Bin Abu Hassan and Siti Zaleha Sulaiman) reported to Focus Malaysia ---

[...was that three of the company’s independent non-executive directors (INEDs) had attended the presentation by the company’s special independent reviewer Ernst & Young Consulting Sdn Bhd (EY) on Oct 21 in the presence of representatives from Bursa Malaysia.

However, with the briefing being “a preliminary finding which was inconclusive”, the INEDs said EY has not reached any conclusion, hence certainly not for them or anyone else to second guess them.

“At the moment, everything is very much work-in-progress and in piece-meal basis, hence it’s very inappropriate to release the findings which otherwise would further cloud the achievement of our target rather than to resolve the problem at hand,” they collectively told FocusM.]

_________________

https://www.youtube.com/watch?v=6r3lulm517I

Serba Dinamik’s audit committee chairman Johan Ishak September 2021 interview with Free Malaysia Today

"If there are issues arising from their review, the independent directors will use their power on the board to push management to address the matters.

And we are clear and we are transparent, and we are fair.

If there is anything reported by any of these parties and based on investigations have confirmed that something wrong has been done, therefore we will take the necessary actions.

Because it is our fiduciary duty to make ensure that things are being put in place to address the matters.

Now, bear in mind, that the communications is only between Ernst & Young and the independent directors. The non-independent directors, the executive directors and management are not invited into the meetings that we have with Ernst & Young.

So, I think that provides enough check and balances, coupled with the fact that the independent directors are indeed independent as we have got no financial interests."

_________________

leno The last 4 independent directors that resign must be haul up to court and jail for abetting and cover up Karim Abdullah stealing and cheating millions of cash and producing fake profit in sebak account.
-Illyas Pakeer
-Johan Ishak
-Farid Hasan
-Siti Zaleha

#TutupKedai
#TangkapKarim
#DakwaPengarahBersekongkoldenganKarim
28/12/2021 12:43 PM

You mean pearlblack, dishonesty, mineworker, riskyinv, suepipi/conpipi , crazy-guy-no-brain, unclear_lim and the following Whac-A-Mole characters will not get paid?

amirf1221
kamirise360
risekita8
muhfiq
kami82
treatshijau
hijau belalang
dimmubroker


i3lurker insiders?

salaries will stop..............
28/12/2021 7:28 PM

pearlblack is not Karim.

Karim writes like a toilet bowl cleaner (rotating equipment engineer in SD's parlance)

pearlblack writes like a failed journalist who failed to make the cut of getting into TheEdge, and ended up being a hustler for hire in a one-man-show tabloid portal (Focus Malaysia?).


InsiderShark PearlWhite... I am beginning to think PearlWhite is either Karim, one of the directors or someone really close to them. Trying his best to make Karim a hero.
28/12/2021 6:16 PM

Imagine a situation where SD alleges that they have a unicorn farm in Bahrain.

Auditors, from 2 different organizations, have gone to the location and they do not find any unicorns.

What the hell is 'Directors' Meeting Register' that you are babbling about?

SD has to bring out the unicorns to prove their existence.

Unfortunately, you keep using the fallacious argument of 'absence of evidence is not evidence of absence'.

If I am the prosecutor, I will charge you for raping the unicorns. The fact that I do not have evidence that you have raped, murdered and buried the unicorns; does not mean that you did not raped, murdered and buried the unicorns.

Either bring out the unicorns or take your medication.



ǷearlꙌhite .
Unfortunately for some who did work hard (and I do appreciate it) to get evidence of FAFT, after cross examining it for further verification, they did not seem to want to proceed with cross-checking it with the Directors' Meeting Register.

Also, it is part of the auditing standards (which is why I asked for further verification) to verify FAFT.

Also, which I also advised kindly to read the ICAEW of audit and assurance book.

I initiated opportunities to them to strengthen their claims. But it all fell on deaf ears.

I cannot help you all now, since now it is already academic as far as I am concerned.
.
28/12/2021 6:10 PM

Ooi! You father mucker!

The burden of proof lies with SD and has never shifted.

The following projects do not exist and all the receivables are fake:


Qatar __________ 4601.051M
- Process Dynamics
- Pavilion Qatar Engineering Co. W. L.L
- Halul Offshore Services Company WLL

UAE ___________ 3380.402M
- New Thunder Technical Services
- Block 7
- Future Digital Data Systems LLC
- Sum Tech

Bahrain ________ 1756.658M
- Lata International Trading and Services
- Regno International Trading & Services W.L.L

Saudi __________ 1201.493M
- Midad Industrial Services

Turkmenistan ____ 721.542M
- Turkmengas

Indonesia _______ 613.514M
- PT Pilar Bahtera Energi

Oman __________ 580.59M
- Revenue International LLC

Kuwait __________ 224.697M

Tanzania _______ 194.809M
- Sufini Holdings Ltd

India ___________ 60.028M
- Captiv Techno Solutions Private Limited
- Analog and Digital Labs India Private Limited

Uzbekistan ______ 40.33M
- Hazarasp Chlor Alkali LLC FC

Laos ___________ 20.99M
- Nam Taep 1,2,3 Hydropower Co Ltd



ǷearlꙌhite .
Tomorrow, new article to show how RM1.4 billion exonerates SD from Bursa/SC charges + resolve SIR.

But I have written this before, and you all know the process and what will be said.

Stay tuned!
.
28/12/2021 5:47 PM

Reimburse what? You will have better chance in getting plane tickets reimbursement from Tony.

You stated that 'IT IS EXACTLY the same tense situation' as Bumi Armada.



armadatuah2017 money shall be reimbursed based on last trading price to be fair
28/12/2021 4:55 PM


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by armadatuah2017 Oct 24, 2021 7:10 PM | Report Abuse

i had done it with BA. IT IS EXACTLY the same tense situation where all naysayers are shouting PN17.....11Billion debt with cash only less than 400mil.

limontea,

Off course entry price is determined by each individual's analysis and risk profile.

I have started to buy in at 0.6

No one is going to blame ice lemon tea if an investment goes south,


limontea @PSAi3alert , I am not insider. So, I dunno when is the good time to collect. I also did not collect at the lowest 0.380 like some sifu here claimed they did. Those sifu very geng. I only based on my own TA analysis.

You want to enter which price is your own judgement. Most importantly don't blame anybody for your own decision and be happy with your own holding.
28/12/2021 3:12 PM

It's 82% down from high of 3.48.

When will be a good time to collect? When it's above 1.00 and racing upwards?



limontea Already rebound from 30-Nov 0.380 to 22-Dec 0.745.
Now is the starting of retracement.
Be patience if you are waiting to collect.
28/12/2021 12:30 PM

Ok, I will not look at your comments.


imvu nak beli atau jual tak perlu tengok komen-komen dekat forum , kebanyakkan tak boleh pakai . guna trading plan sendiri je kat mana nak in kat mana nak out .
28/12/2021 2:52 PM

Wah... got antenna, TA, FA, etc?

However, no monkeys and bengali like what rr88 used to say.

I wish Covid and all its variants will disappear.

Poof! Covid is gone! I'm well. Everyone's well.

The law of karma works!

epilogue:
All glove factories closed down because everyone's well and there's no need for gloves.
Please do not wish for more nasty variants of Covid, else karma will haunt you. Yes, I'm talking about the person above who is happy because a person died of of omicron.




Benhobenhobenho Those who wish other evil or negative things will have the same befallen on them, beware the law of karma. If u wish others well, u yourself will be well.
13/12/2021 8:30 PM

SSLee, I am sending lots of good wishes for your mom's quick recovery

@PearlWhite / PearlBlack / Black Mussel / Kerang Busuk / Siham Rebus / Focus Malaysia / Jazzup Media Consultancy / Eppiroi

Why bother about ICAEW audit and assurance book ?

You have all the information.

You have experience dealing with Bursa/SC/Bukit Aman (and some say Elvis).


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by PearlWhite Sep 9, 2021 5:42 PM | Report Abuse

.
Yes correct, based on the experience dealing with SIR with Bursa/SC/Bukit Aman, all noted in the word document and/or excel and the printed to paper.

Obviously, it will be on my hand if I am holding it.

>>> This information is now what I have at hand. <<<


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by PearlWhite Sep 9, 2021 2:18 PM | Report Abuse

Findings (Sufficient, appropriate and complete evidence have been obtained).

a) Receipts of payments from customers and agreed with BNM receipt disclosure
b) Office/Project/Site location, with project progress and pictures. Visitation was done. Customer contact was done.
c) Confirmation of balances by Customers
d) Sighting of assets/equipment where applicable

This information is now what I have at hand.



ǷearlꙌhite .
Have the order of the ICAEW audit and assurance book been made yet? I don't seem to be able to find any downloadable PDF on it.

The older version of it was called auditing and financial reporting and that too cannot be found.

It would be great if that book is read wrt. contentious areas so that the it can be understood better and to what extent the SIR has actually uncovered.

Then, can be cross examined against Bursa's and TheEdge's reports and would be able to determine that TheEdge has misled the public.

Good luck with your newfound investigative skill if you already ordered it.
.
11/12/2021 9:40 PM

Unlikely for Top Glove to go bust because all of Mr Fat Cat's broken ships still have three catty worth of nails.

Depending on the PE of a catty of nails, prices may reach 0.36 , 0.68 , 0.90


--------------

1 catty is around 11⁄3 pound avoirdupois (604.78982 grams in Hong Kong, 604.79 grams in Malaysia and 604.8 grams in Singapore)

Using 1 catty to 604.79 grams , PE1 and PE2 will be:

PE1 = 604.79 x 8 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79
PE2 = 604.79 x 15 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79
PE3 = 604.79 x 20 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79

Therefore prices will be:

Price at PE1 = RM373M (FY2019) x PE1 / 8207M = 0.36

Price at PE2 = RM373M (FY2019( x PE2 / 8207M = 0.68

Price at PE3 = RM373M (FY2019( x PE3 / 8207M = 0.90


i3lurker be very careful

Top Glove now facing high risks of bankruptcy.

as usual,
enough time is given for Suiyee Sucker Bilis to decide to sell off Top Glove.

........I can almost bet with sslee that Suiyee Sucker Bilis will buy more Top Glove shares at 80 sen rather than dump all............

enough time was given for Suiyee Sucker Bilis to decide to sell off Serba

=> however Suiyee Sucker Bilis like riskyinv bought more Serba shares instead.
11/12/2021 11:05 AM

The Edge cannot sue an anonymous person for defamation.

Unless .... The Edge can identify PearlWhite / PearlBlack / Black Mussel / Siham Rebus / CG Writer of the year (Malaysia-Asean Corporate Governance 2016 award winners)

If so, prepare to wash backside.


p.s.
This fake CEO
- tried to hustle Bumi Armada for money in the guise of PR initiatives in 2017-2019 but never succeeded
- hustled Serba for money in the guise of PR initiatives and succeeded in late July / early August


bobvic96 Gerrardo The Edge vs SD?

Posted by ǷearlꙌhite > Dec 10, 2021 12:15 PM | Report Abuse

.
(Updated 10th December 2021, 12.15PM)
Now this is progress. Let's see what has been found out about The Edge.

1) The Edge is lobbying Bursa Malaysia to break its own rules.
2) The Edge is lobbying for SC to take action on Serba Dinamik without evidence.
3) The Edge doesn't know who the regulator of the capital market is.
4) The Edge had concealed that RM3 billion of audit discrepancies were resolved in the SIR.
5) The Edge had concealed that audit discrepancies within Malaysian borders were resolved in the SIR.
6) The Edge had concealed that audit discrepancies that had KPMG as external auditors were resolved in the SIR.
7) The Edge had been acting on behalf of the hostile takeover parties of Serba Dinamik to create a negative perception of Serba Dinamik.
8) Jose Barrack's sifu gave feedback that The Edge cannot be taken seriously with poor quality journalism.
10/12/2021 10:54 PM

It looks very much as though The Edge should sue the Black Mussel for slander and defamation
11/12/2021 12:25 AM

Back to your argument of 'absence of evidence is not evidence of absence'?

If you were to say that you have a farm that breeds unicorn, I need to believe you because I cannot proof otherwise?


Prudentinv Alibaba do not have accounting issue but becos he is a triad to Chinese regime with Ant set up. So share price tumbles due to Chinese government intervention. So uncertainty remain. For serba, as long as audit report is not out there is uncertainty. Always remember guilty need to be proven. The analogy used is for uncertainty. Now the whole ordeal points toward the auditors, bursa and the edge being working together. As I have said auditor KPMG have scandal in the past and being sue and lost court case.
10/12/2021 4:34 PM

Pearlblack is just trying to use strawman arguments.

The ICAEW Auditing and Assurance Book has no linkage with the fraud in Serba.

Likewise Crudetinv / Conpipi / Dishonesty / mine worker is using Alibaba as a strawman.

Najib tried to use 'national interest' as a strawman. The COA judges corrected it as 'national embarrassment'

______________________________________________________


https://en.wikipedia.org/wiki/Straw_man

A straw man (sometimes written as strawman) is a form of argument and an informal fallacy of having the impression of refuting an argument, whereas the real subject of the argument was not addressed or refuted, but instead replaced with a false one. One who engages in this fallacy is said to be "attacking a straw man".

The typical straw man argument creates the illusion of having completely refuted or defeated an opponent's proposition through the covert replacement of it with a different proposition (i.e., "stand up a straw man") and the subsequent refutation of that false argument ("knock down a straw man") instead of the opponent's proposition

An example often given of a straw man is US President Richard Nixon's 1952 "Checkers speech".

When campaigning for vice president in 1952, Nixon was accused of having illegally appropriated $18,000 in campaign funds for his personal use. In a televised response, based on an earlier Franklin D. Roosevelt's Fala speech, he spoke about another gift, a dog he had been given by a supporter -

It was a little cocker spaniel dog, in a crate he had sent all the way from Texas, black and white, spotted, and our little girl Tricia, six years old, named it Checkers. And, you know, the kids, like all kids, loved the dog, and I just want to say this right now, that, regardless of what they say about it, we are going to keep it.

This was a straw man response; his critics had never criticized the dog as a gift or suggested he return it. This argument was successful at distracting many people from the funds and portraying his critics as nitpicking and heartless. Nixon received an outpouring of public support and remained on the ticket.

.

If the origins of French fries can be traced to Belgium, then why call them French fries?

PearlWhite,

I feel sorry that you are taking all the heat.

I will come to your defense just one time.

Below is a post of your likely response on the bond interest payment default event.


https://themalaysianreserve.com/2021/12/10/serba-dinamiks-coupon-payment-default-signals-wider-risks/

“Simply put, the obligation of the issuer to pay the required coupon by the grace period did not materialise and has triggered a default,” the source stated.

-->> PearlWhite's likely comment:

{ The word 'simply' indicates an apathetic attitude. Serba will fight all the way to the Federal Court and apply to expunge the word 'simply' from the TMR's article. }


The default would be triggered on its US$300 million (6.3%) sukuk due in May 2022.

-->> PearlWhite's likely comment:

{ The word 'would' is a past tense of 'will'. Since the writer said the default 'would' have been triggered in the past but was not, therefore, it was not triggered at all.

Not once was there any mention of words that suggests "finalisation", "completion", "conclusion" or some words towards that effect. ​}


“The market generally had priced in a default event for its sukuks. If the company had the money, it could have paid anytime within the past 30 days. The sukuk holders have generally started selling when the audit issue was raised in May,” a bond market analyst told TMR.

-->> PearlWhite's likely comment:

{ Can anyone proof that Serba does not have the money and payment was not made? Furthermore, SSLee said 'money is not money if it's not spent'; he never said 'money is not money if it's not paid'

People keep on saying Serba will go bust when the Fat Lady will sing. There is no Fat Lady in this forum. Only a Fat Ah Kua. So, Serba will not go bust }

p.s. Please circulate to the Telegram/Whatsapp group and forums. Thanks.

(Updated 10th December 2021, 12.22PM)

“Simply put, the obligation of the issuer to pay the required coupon by the grace period did not materialise and has triggered a default,” the source stated.


The SIR covered only 11 identified local customers, 6 identified local suppliers, 5 SDIT International Limited of the identified customers and Lata in Bahrain.

However, there are a lot more customers that have yet to be identified for review and those customers have allegedly contributed to substantial 'immaterial' revenue over the years.

Selected Countries Cumulative Rev from 25/5/2016 – 31/3/2021: RM 13,396M

Qatar __________ 4601.051M
- Process Dynamics
- Pavilion Qatar Engineering Co. W. L.L
- Halul Offshore Services Company WLL

UAE ___________ 3380.402M
- New Thunder Technical Services
- Block 7
- Future Digital Data Systems LLC
- Sum Tech

Bahrain ________ 1756.658M
- Lata International Trading and Services
- Regno International Trading & Services W.L.L

Saudi __________ 1201.493M
- Midad Industrial Services

Turkmenistan ____ 721.542M
- Turkmengas

Indonesia _______ 613.514M
- PT Pilar Bahtera Energi

Oman __________ 580.59M
- Revenue International LLC

Kuwait __________ 224.697M

Tanzania _______ 194.809M
- Sufini Holdings Ltd

India ___________ 60.028M
- Captiv Techno Solutions Private Limited
- Analog and Digital Labs India Private Limited

Uzbekistan ______ 40.33M
- Hazarasp Chlor Alkali LLC FC

Laos ___________ 20.99M
- Nam Taep 1,2,3 Hydropower Co Ltd


--->>> Those 'immaterial' revenues that have been erroneously recorded as 'immaterial' assets in the balance sheet will continue to be 'immaterial'.


As at 30th September 2021

Immaterial Assets

Property, plant and equipment : 2,153.796M
Right-of-use assets : 449.619M
Investment in associates : 184.816M
Other investments : 55.314M
Intangible assets : 145.722M

Inventories : 2,342.654M
Contract assets : 652.606M
Trade and other receivables : 1,814.622M
Deposits and prepayments : 307.785M
Cash and cash equivalents 290.285M

Subtotal immaterial assets : 8,397.269M

--->>> Ultimately those 'immaterial' assets will need to be written-off


Material Liabilities
Loans and borrowings 2,278.187M
Trade and other payables : 477.129M
Loan and borrowings : 1,479.556M

Subtotal material liabilities : 4,234.875M

--->>> However, material liabilities will stay

.

No worries about the Ah Kua.

The mine worker is more annoying with chain postings of non sequitur ramblings.


shareinvestor888 @PSAi3alert…. Don’t share that kind of story anymore….otherwise that lady boi get excited & spam with long long goobly degook again.
09/12/2021 9:03 PM

Another name suggestion:


A Dog Named Sex

By Morty Storm

Everybody who has a dog calls him "Rover" or "Boy." I call mine "Sex." He's a great pal, but he has caused me a great deal of embarrassment.

When I went to city hall to renew his dog license, I told the clerk I would like a license for Sex. He said, "I'd like one too!"

Then, I said, "But this is a dog." He said he didn't care what she looked like. Then, I said, "You don't understand, I've had Sex since I was 9 years old." He winked and said, "You must have been quite a kid."

When I got married and went on my honeymoon, I took the dog with me. I told the motel clerk that I wanted a room for my wife and me and a special room for Sex.

He said, "You don't need a special room. As long as you pay your bill, we don't care what you do." I said, "Look, you don't seem to understand. Sex keeps me awake at night." The clerk said, "Funny -- I have the same problem."

One day, I entered Sex in a contest, but before the competition began, the dog ran away. Another contestant asked me why I was just standing there, looking disappointed. I told him I had planned to have Sex in the contest. He told me I should have sold my own tickets. "But you don't understand," I said, "I had hoped to have Sex on TV." He said, "Now that cable is all over the place, it's no big deal anymore."

When my wife and I separated, we went to court to fight for custody of the dog. I said, "Your honor, I had Sex before I was married." The judge said, "The courtroom isn't a confessional. Stick to the case, please."

Then, I told him that after I was married, Sex left me. He said, "Me too."

Last night, Sex ran off again. I spent hours looking all over town for him. A cop came over to me and asked, "What are you doing in this alley at 4 o'clock in the morning?" I told him that I was looking for Sex. My case comes up Friday.

https://www.chicagotribune.com/news/ct-xpm-2000-05-24-0005240018-story.html


i3lurker no worries

I will name my dog "Fool" on weekdays and "Ozark" on weekends

I will also name my fool "Dog"
09/12/2021 8:33 PM

Kpower does not use any labor at all because all the projects are fake.

Calvintaneng, you have yet to answer my questions on the following KPower's non-existent projects below:

3x5 MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower, Laos
8MW Nam Samoy Hydropower, Laos
22.9MW mini-hydropower in Solukhumbhu, Nepal
22MW Mid Hongu Khola – A Hydropower Project, Nepal

18.7 MW mini hydro power plant - Cabaran Hijau Sdn. Bhd.
13.9 MW mini hydro power plant - Selat Serasi Sdn. Bhd.
12 MW mini hydro power plant - Denai Delima Sdn. Bhd.
5.25 MW mini hydropower plant - Koridor Mentari Sdn. Bhd.


calvintaneng Kpower is a much better company compared to Ataims which used force labour

After the noise is over Kpower shall arise

As for Taann it is a superior company now giving out the very highest dividend in all it's history
08/12/2021 12:29 AM

The SIR covered only 11 identified local customers, 6 identified local suppliers, 5 SDIT International Limited of the identified customers and Lata in Bahrain.

However, there are a lot more customers that have yet to be identified for review and those customers have allegedly contributed to substantial 'immaterial' revenue over the years.

Selected Countries Cumulative Rev from 25/5/2016 – 31/3/2021: RM 13,396M

Qatar __________ 4601.051M
- Process Dynamics
- Pavilion Qatar Engineering Co. W. L.L
- Halul Offshore Services Company WLL

UAE ___________ 3380.402M
- New Thunder Technical Services
- Block 7
- Future Digital Data Systems LLC
- Sum Tech

Bahrain ________ 1756.658M
- Lata International Trading and Services
- Regno International Trading & Services W.L.L

Saudi __________ 1201.493M
- Midad Industrial Services

Turkmenistan ____ 721.542M
- Turkmengas

Indonesia _______ 613.514M
- PT Pilar Bahtera Energi

Oman __________ 580.59M
- Revenue International LLC

Kuwait __________ 224.697M

Tanzania _______ 194.809M
- Sufini Holdings Ltd

India ___________ 60.028M
- Captiv Techno Solutions Private Limited
- Analog and Digital Labs India Private Limited

Uzbekistan ______ 40.33M
- Hazarasp Chlor Alkali LLC FC

Laos ___________ 20.99M
- Nam Taep 1,2,3 Hydropower Co Ltd


--->>> Those 'immaterial' revenues that have been erroneously recorded as 'immaterial' assets in the balance sheet will continue to be 'immaterial'.


As at 30th September 2021

Immaterial Assets

Property, plant and equipment : 2,153.796M
Right-of-use assets : 449.619M
Investment in associates : 184.816M
Other investments : 55.314M
Intangible assets : 145.722M

Inventories : 2,342.654M
Contract assets : 652.606M
Trade and other receivables : 1,814.622M
Deposits and prepayments : 307.785M
Cash and cash equivalents 290.285M

Subtotal immaterial assets : 8,397.269M

--->>> Ultimately those 'immaterial' assets will need to be written-off


Material Liabilities
Loans and borrowings 2,278.187M
Trade and other payables : 477.129M
Loan and borrowings : 1,479.556M

Subtotal material liabilities : 4,234.875M

--->>> However, material liabilities will stay

.

If the horse has bolt from the opened barn door, there is really no point in ordering a black-out of the barn.

The findings from the SIR are out and they are as follow:

Scope 1 Findings (Mainly local customers)
EY following investigations, casts doubt on the veracity of the transactions with the 11 identified customers. The total sum involving the 9 out of the 11 identified customers are in excess of RM435 million.

-->> Write-off RM435M from receivables


Scope 2 Findings
EY, following investigations, raised concerns on the veracity of the transactions with the 6 identified local suppliers. The recorded transactions and other amounts are in excess of RM638 million.

-->> If the fictitious payments of RM638M have been made, that liability amount will no longer be in the balance sheet
-->> Is the 'circle fraud' process completed for those 6 local suppliers?


Scope 3 Findings
EY, following investigations, found anomalies with respect to the contracts with 5 SDIT International Limited of the identified customers (India and Indonesia?) and 1 of the identified suppliers. In addition, EY in conducting the SIR also found anomalies with respect to other customers and suppliers not identified by KPMG. The total sum involved is in excess of USD 76 million (RM315.227M).

-->> Write-off RM315.227M for SDIT International's receivables


Scope 4 Findings
EY also casts doubt with respect to the veracity of the transactions with 1 identified customer (Lata) and 1 Bahrain supplier. Invoices and delivery orders of the Bahrain customer is in excess of USD 12 million (RM49.77M).

-->> Write off RM49.77M for Lata International Trading and Services' receivables


p.s. It is absolutely unnecessary to travel to Bahrain during MCO, EMCO, etc.

KPMG / Fakhro
Building 470, Road 1010, Block 410 , 12th Floor, Fakhro Tower , Sanabis , Bahrain

EY CONSULTING W.L.L.
Road 365,East Tower, Bahrain World Trade Centre Block 316 Manama Bahrain

.