Fui yoh king is back

Can run more, but clear sharp up sharp down rights issue careful guys

My shareholding has not changed since May 2020 entry. Sleepy stock. Sort of nice

Comon Sabri shows us you can even if we can't stand you

prahadude Ismail sabri vape hero- https://www.malaysiakini.com/news/318857
Ahmad Maslan support reducing tobacco tax - https://www.nst.com.my/news/nation/2020/12/652714/narrow-price-gap-bet...
21/08/2021 10:14 AM

Swapping to DRB goodluck

Made so much when it went see-saw. Quiet too long since the downturn

Net cash company with some yield pre-lockdown. How did you come out with bad cashflow idea? Perhaps if you look at ongoing losses due to lockdown yes. But without the lockdowns how to buy Edgenta at this price

stevenckheng edgenta cash flow seems like not so good?
06/08/2021 2:10 PM

I'm in. Will have a quarter of my portfolio in this. Probably big loss this quarter. Highway contracts no payment. Hospital contracts cost increase no compensation. Sad case

thats why i say short term also dont sell ma

Short covering in progress

Best giler la what else better value, any?

Yes at this price no more sellers. No one has shares to sell at 2.5c. Explode to upside with a bang

THE share price performance of Serba Dinamik Holdings Bhd this year has been stellar, which is remarkable considering it is an energy services group providing engineering solutions to the still-slow oil and gas sector as well as the power generation industry.

From the day it debuted on Bursa Malaysia’s Main Market on Feb 8, its share price has jumped 106.67% to RM3.10 per share as at Dec 21, from the initial public offering price of RM1.50.

That makes it the best IPO for 2017. Affin Hwang Investment Bank Bhd and RHB Investment Bank Bhd were the joint principal advisers and joint bookrunners. Both institutions were joint underwriters for the deal, together with AmInvestment Bank Bhd and Kenanga Investment Bank Bhd. RHB IB was also the managing underwriter.

Serba Dinamik’s business activities comprise operations and maintenance services (O&M), engineering, procurement, construction and commission (EPCC), and other products and services in O&G and power generation.

Its O&M business involves maintenance, repair and overhaul (MRO) of rotating equipment and inspection, as well as repair and maintenance (IRM) of static equipment and structures. The company is ranked third and fifth in Malaysia for MRO and IRM respectively in the O&G industry.

The IPO offered a base size of 389.4 million shares at RM1.50 per share, or RM581.4 million, representing 29.2% of the company’s enlarged share base, with an over-allotment option of 58.4 million shares or RM87.6 million.

Serba Dinamik raised RM671.7 million, valuing the group at RM2 billion. At the time, it was touted as the biggest IPO in Malaysia in 19 months in terms of value, before Eco World International Bhd’s listing in April.

The IPO proceeds were used primarily for capital expenditure, with the balance going for debt repayment and working capital.

The promoters of Serba Dinamik were Datuk Mohd Abdul Karim Abdullah, Datuk Awang Daud Awang Putera and Abdul Kadier Sahib, who collectively owned 83.93% of the group’s share base prior to the IPO.

Post-IPO, Serba Dinamik’s largest shareholder is Karim with a 25.27% stake followed by Kadier with 20.77%, while Daud Awang owns 11.7%. Kumpulan Wang Persaraan has a 5.78% stake as at Dec 20, and the Employees Provident Fund (EPF) holds 5.3%.

Serba Dinamik’s IPO is especially noteworthy since it was launched in a volatile global environment when equity markets were affected by China’s slowdown, Brexit and falling commodity prices, among other factors. Oil prices that remained depressed longer than expected made marketing the exercise even more challenging.

Despite the headwinds, the listing was successfully executed within the timeline, and priced at the top of the RM1.30 and RM1.50 per share indicative price range.

Since then, the stock has benefitted from rising oil prices over the last 12 months. The production quotas set by the Organisation of Petroleum Exporting Countries and Russia have boosted the crude oil price to more than US$60 per barrel, from US$45, in the past six months.

A month after its debut, the stock closed at RM1.75, up 17% over its final IPO price. By Nov 24, it had almost doubled to RM2.92.

Serba Dinamik’s slew of contract wins — totalling RM2.5 billion as at Nov 30 — which raised its outstanding order book to RM5.3 billion — was another major factor that boosted its share price. O&M jobs made up RM4 billion of total orders, with the remaining RM1.3 billion from EPCC contracts.

KUALA LUMPUR (Jan 22): Serba Dinamik Holdings Bhd said today its proposed private placement involving 336.83 million new shares was oversubscribed by 1.85 times.

In conjunction with the completion of the private placement’s book-building exercise, the oil and gas service provider said in its bourse filing the issue price of the private placement shares was fixed at RM1.51 per share, representing a discount of 8.1% to the five-day volume weighted average market price of its shares up to and including Jan 21 of RM1.64.

At RM1.51, the company is expected to raise gross proceeds of RM508.61 million.

Meanwhile, Serba Dinamik said the placement shares issued to its managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah, who is also the company’s largest shareholder, amount to 56.29 million shares or 1.7% of the existing total number of the company issued shares (excluding treasury shares) as at Jan 21.

“Any final allocation of placement shares to investors under the proposed private placement is subject to the review and approval of Bursa Securities which will occur subsequent to the date hereof and the final number of placement shares to be issued and allotted under the proposed private placement shall be determined thereafter accordingly,” it added.

Previously, Serba Dinamik has earmarked a sum of RM303.46 million from the proceeds for projects in Abu Dhabi. It also intends to use RM100 million to repay its borrowings and another RM100 million for its Teluk Ramunia Yard project in Johor.

Trading in Serba Dinamik shares was halted for an hour today, from 9am to 10 am.

At midday break, Serba Dinamik fell 3.68% or six sen to RM1.57, valuing it at RM5.32 billion.

Shafie DPM, Bornoil fly to the sky

U know at ur swap price Bornoil 0.04 approximates Top Glove 6.00

Cant say bye Bornoil is that bad an idea...but a swap to TopGlove? Really? Omg

whistleblower since you seem to be in the know what they are up to...and considering MQ floor price 2.5 cents...could you share with us how and who has the shares to push this down below 2.5 cents?

I dont know why you are so worried about share consolidation whistleblow. Consolidation isnt necessarily bad. If u wanna compare penny stocks look at vivocom. Bornoil isnt focus dynamic clan so dont worry

45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

So total cash including receivables is 45.6M + 12.3M + 27.7M + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.

Give chance la...covid like that...lockdown like that...gold mine limestone mine food biz all hit. Bornoil not unlike other companies also hit.

The mighty dialog coming this low

UMNO wont die so Serba shareholders ok lol

if Karim's power comes from PN or UMNO....

i'm not following NICE. Maybe they doing same thing there

this 20% gave them shares to bring it down. Then subscribe at 2.5c

to bring share price down u need shares

nice play by macquarie

YB endorses Sabasco lol

https://www.facebook.com/hannahyeoh/posts/357127252446955

Indeed well spotted

Investeye Take opportunity to buy some as present down trend just look likes ticket collection pattern.
28/07/2021 3:33 PM

Serba is just moving like Armada in crisis

Unfortunately phillip morris not on bursa...IQOS is far superior

Questions...what is MQ waiting for at this price...and who has shares to sell at 2.5 cents

look at the volume...bilis swarmed in at 30-40 cents, not $1....

sharewiz118 Flocking a dying horse and hoping for RM0.60 cent pathetic. Continue to dream on after all ikan bilis bought above RM1.00 why contented at RM0.60 cent. Pathetic
28/07/2021 2:24 PM

If u buy OTB's hiap teck, u should put some $ here just to be safe. U know how OTB gang fries a stock up and down

Why is MYEG so good at getting govt contracts?

one of the few value picks to go in big and win big, if u r brave

This counter gave me enough to buy a few mazdas so ive no complaints lol

tooooo many reasons to sell espeically for EPF. u think think. Look at EPF in TNB

mahorse EPF keeps selling, WHY? Dividend yield of 7% plus, PE about 10X. Yet EPF sells daily. Anybody can offer any plausible reasons.
28/07/2021 9:51 AM

but downtrend has not emerged. need one more hit la bros

Traders never fight the trend

But normalised earnings look really good next year. Tempting

Never catch a falling knife

0.35 will happen. the question is what is ur cost when it's 0.35. unless u hold so little it doesnt matter to u, how to hold something from 0.035 to 0.35 lol. U can? I cant.

Slc1 U sure or not 0.35?
28/07/2021 12:49 PM

totally agree this is one easy penny stock to hold. u dont have to put all ur eggs in one basket...this isn't that bad being 1/10 or 1/15 of ur port. everything is down now except maybe the truly penny goreng stocks lol. dont discriminate it just cos it came down together with other stocks

this co also has now 9.36% out of 236M market cap in treasury shares. there can be an exercise to consolidate 10-to-1, distribute 1-for-10, or placement to another large shareholder. any exercise is better than no exericse

whistle ur kind intentions are noted

consolidation isnt necessarily bad for bornoil. bornoil's penny problem is the huge % change each bid. if theres a 10-to-1 it will make movements much easier

wallst you understated Bornoil cash position cash & inv 45.62M

45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.

Current market cap is around 236M at 3c. Not difficult to blast off

Short term also long, don't run...nowadays market getting smarter in small caps, they appreciate vale

If not gamuda who? Buy all big cons then