400m turnover company faked as 8billion
What do u expect?

This is going to be even more shocking than 1MDB

Foreigners will run away from bursa soon

a deep look into the below info and determining the revenue based on real quantity of service engineers SD has will reveal how low it can go

at real revenue of 100m max per qtr , serba shd be trading less than 10 cents with such huge outstanding shares

If am awang, every day is a ticking bomb warning me to sell asap

Karim not selling coz, if he is caught he cant do anything with the money anyway but place back to the company


Posted by Windy1974 > Jun 11, 2021 5:13 PM | Report Abuse

Dayang rate for technicians RM100-RM200. Engineer RM300-400. Even 1000pax everyday you count la.
BTW, i am from O&G and i would like to think that O&G Malaysia is the most transparent industry. The days where you can be most expensive and win jobs are things in the 80s and 90s.

good work, appreciated

Post removed.Why?

i promoted earlier and now i need to retract ma.... but i think share price bottom already...next week will likely move up

those company who use the same address are also fake

any address search in UAE will give exact location pin

'Royal'diamond business center and the LG Building does not exist

@Prashan you can share the location here, it does not exist (verified from sources in UAE)

no other companies have the same building address

the building does not exist

KPMG must have had more appalling discoveries which is not disclosed to the media yet.....the 5th May presentation appears intentionally leaked by SD to make SD appear not on the fault and as if the ball is on KPMG's court...

Posted by probability > Jun 11, 2021 4:51 PM | Report Abuse X

yes, no company in UAE where you cannot find from google map

they are using fake address and building which does not exist

and phone number who no one answer even when called from UAE at any working hours

Posted by Windy1974 > Jun 11, 2021 4:48 PM | Report Abuse

probability. Their website looks dodgy but base on what you alleged they don't exist?

yes, agreed windy1974

and that is at full manpower utilization

even if use the whole work of 1770 people (which includes admin & internal workshop which should be exculded), at max you can get 300m per qtr


Revenue of billion completely does not make sense...

but i am appalled by how ignorant analyst are also...

i believe their service engineers who actually work on call basis , would have a max charge of Eur 400 per day

take 600 fellows on avg x 90 days per qtr you get service revenue of:

= max 90m per qtr...

makes sense, we have another way to check what is more realistic revenue...

Posted by Windy1974 > Jun 11, 2021 5:03 PM | Report Abuse

Yes. The greatest strength is to find out and admit our own mistakes.
Serba 25% revenue from Malaysia? Even that i am doubtful. How much is Dayang's revenue in Malaysia? 1B? Serba is smaller in Malaysia than Dayang, how to do 1B?
The biggest O&G companies in Malaysia namely Sapura & MMHE only roughly do RM1B per year for Malaysia business.
For Serba business in Malaysia, RM100-200M would be a more realistic figure. You just have to look at few years before their listing to get an idea.
For those who think they are supporting BUMI company, think twice. Karim is a Chinese.
When it comes to crook, many in KLSE are Chinese. BTW, i am chinese too

we never know how price will behave for SCIB, Kpower etc...perhaps already priced in

but one thing for sure - serba had been making myr billions of fake transaction

yeah , it became fake first before selling not the other way like many sifus in i3 do...he he

Posted by CharlesT > Jun 11, 2021 4:51 PM | Report Abuse

Posted by Windy1974 > Jun 11, 2021 4:48 PM | Report Abuse

probability. Their website looks dodgy but base on what you alleged they don't exist?

When he still hold SCIB then it is real

When he didnt hold SCIB anymore then it's fake

but of course we do not how serba's price will move from current level

i believe the revenue from Petronas is all real...

yes, no company in UAE where you cannot find from google map

they are using fake address and building which does not exist

and phone number who no one answer even when called from UAE at any working hours

Posted by Windy1974 > Jun 11, 2021 4:48 PM | Report Abuse

probability. Their website looks dodgy but base on what you alleged they don't exist?

yes no choice but to sell SCIB too

we investigate we learn and we change...as long is one is honest in their opinion

PLEASE BE WARNED!


Posted by probability > Jun 11, 2021 4:23 PM | Report Abuse X

Just verified that Najmat al Maisan LLC does not even exist physically. They have a fake website.

Serba is 100% confirmed fraud.

its a stock definitely will go to PN17

majorshareholder will only dispose going forward

Just verified that Najmat al Maisan LLC does not even exist physically. They have a fake website.

Serba is 100% confirmed fraud.

This is disaster company, not worth to put a penny

Just verified that Najmat al Maisan LLC does not even exist physically. They have a fake website.

Serba is 100% confirmed fraud.

this is 100% true, all companies are trying to delay payments as long as possible for cash flow reasons since mid 2020

Posted by Hotstuff > Jun 7, 2021 8:49 PM | Report Abuse

Of the high receivables, Abdul Karim says in reply to a WhatsApp query, “Compared to the total revenues, it’s acceptable. The Covid-19 lockdown in other countries is posing a real challenge to get prompt payments. [So far, there has been] no indication of bad debts.”

next qtr earnings will be explosive

thats why Syed Mokhtar wants to acquire before the results out

No sell tomorrow guys, lets see how high it can go

Meanwhile, in a brief phone conversation, Serba Dinamik’s managing director and CEO Datuk Mohd Abdul Karim Abdullah laments what he perceives as the unfairness of the whole issue with KPMG. “It’s not fair; we have been transparent, we have been in constant contact with Bursa [Malaysia], our shareholders, [as per] our responsibility.

“They [KPMG] have been our auditors for seven years. Why now, suddenly [have they raised these issues]?” he questions.

“[Serba Dinamik] is intact. We have strong fundamentals; we will ride this out. I’m also bound by the legal framework,” he adds, explaining that he is not at liberty to elaborate on the issues.

so either they have it or dont, since this discussion has way passed 31Dec

looks like they dont have a proper monitoring system in place

i did not get what SD mean by saying vouch by wednesday, that sounds like just within days they can revert on it

stocktake on something taken place on the past? Or are they trying to retrieve stocktake data taken earlier..

i cant comment much on this without knowing the specifics

Business under Covid 19 is changing very fast ma....Mah sing already making profit from nitrile gloves liao!

Business under Covid 19 is changing very fast ma....Mah sing already making profit from nitrile gloves liao!

Talk to Serba la...why hide yourself with the auditors in AC room

They had extended the FY by another qtr right? The audit is for the extended period from 31Dec 2020 right?

wouldn't it be easier to ask Najmat to show the services they had provided on the IT related service instead of just checking on their website?

is KPMG afraid if they call up Najmat on this, Najmat will quickly change their website to IT related services?? LOL....

Post removed.Why?

is KPMG adamant that the docs has to be as per standard practice?

Have they spent time to sincerely heed advice as per SD, giving benefit of doubt to SD?

presenting the image taken of the laborer's house in Bahrain instead of checking with serba first (over a phone call) on possible wrong location... speaks volumes on the state of mind of these auditor

is KPMG adamant that documentation has to be as per standard practice?

Have they spent time to sincerely heed advice as per SD, giving benefit of doubt to SD?

presenting the image taken of the labourer's house in Bahrain instead of checking with serba first (over a phone call) on possible wrong location... speaks volumes on the state of mind of these auditor

simple logic - if SD really wants to do money laundering at such large scale they would have made sure these entities look extremely professional to avoid any doubts by any parties...

but that was not the case...and was not the intention

Knowing how middle east companies work...Invoices appear like kindergarten standard and large transaction using companies with simple e-mail addresses with one man show...i can see how Serba Dinamik had adopted the Saudi Bedouins culture....

after all we have locals here who copycat everything practiced by the saudis ...with brains to support Hamas...

we can see how professional our govn is...

This kind of question and answer can pull the share price by 60% kah? LOL...

Post removed.Why?

Post removed.Why?

i can really imagine how Kadier whould have felt like seeing this kind of queries from KPMG....

well i am not free to discuss about individuals who add no value on ascertaining what is the truth between KPMG - SD arguments

windy1974...who knows you could be on the same network of auditor friends...with simple business analysis by looking at financial statements

the presentation material (KPMG - SD coumminicaton) was dated 5th May, Jon (ex-auditor) was talking with conviction that he dont trust SD (an MNC with billions annual revenue) on financial figures especially from Qatar on 19th May...much ahead of media release on the issue.

Easy to connect the lines...

Posted by Sslee > Jun 6, 2021 8:42 PM | Report Abuse

@probability stop personal attack. Auditors are just doing their job. If your documentations are incompleted with typo error the fault is on you.

I request all i3 members to download the powerpoint presentation showing KPMG query & SERBA's reply and judge yourself who will be in the right eventually.

https://www.facebook.com/groups/595333804730641/permalink/831207167809969/

I request all i3 members to download the powerpoint presentation showing KPMG query & SERBA's reply and judge yourself who will be in the right eventually.

https://www.facebook.com/groups/595333804730641/permalink/831207167809969/