0.5 to rm 1 possible. Trading ofcourse. Investing needs to see E&Y opinion later first

Happy days ahead? Hehehe

Sure got someone sapu a few milions share today.

If kadier still sapu means there is some merit to the company. Lets see how it turns out tomorrow.

Anyone will go for DRP? Compared to 7c DRP at 4.61 is no brainer? Unless something i am not seeing. Its 1 to 1 right?

Withdrawal request will provide better governance assumption. 0.8 will hold for sometimes. Will topup once euphoria calm down abit.

Looking at the current trendj, Taking off 3bil last year, its a lost making company. AA also losing billions a year. Share still standing. Ambank lost 3.7bil. Share still standing. Once the trust is restored upside is huge. Although it will take a few months. If down to 50-60c, seems like a good buy again. Risk and reward guys. Make sure u can sleep on the shares in hand.

Good support at 80c. Can buy from here. 80c price for Rm2 valuation. If u are right, easy money. If u are wrong, 80c burn. Risk and reward. Only downside in my eyes is that tight cash flow and that probably require massive PP since downgraded by S&P, for bonds and loans. Factor that dilution probably will end up at rm1.6, objectively speaking.

Quite possibly he bought that initial buying spree for today. 30% cheaper.

Dato karim bought 10mil in open market. If he believes why cant we? Haha

If LD 50c is damn cheap.

Not limit down. Chance to go up tomorrow?

Liquidity issue may persist. But as long as fundamental is there should hold some value. Unbiased TP rm 1.

TP rm 1 surely. And sideways for few months

Rating still available with lower TP. Surely serba worth something in analysts view. Worst is serba had loss making year, like ambank. And then walla new management and price shoot to moon. Be optimistic guys.

Innocent until proven guilty. Get ready for second half.

Chart goes out the window in this counter.

Losing steam but still holding. Like watching movie in gsc pavilion

Resistance 0.95. Those who believe better sapu now.

If break 0.98 will close limit up. Buy now.

Funny how company not worth a penny yesterday, suddenly worth 80c today and up. Haha

Lots of speculative buying

Probably wont limit down tomorrow. I reckon 0.8-0.9 ending. 200mil shares on sale today. Major shareholders still not selling.

Possible rebound tomorrow to rm1 ish. Lowest tp by kenanga already 0.95.

Alot of buyers

Lots of buyer at LD. lets see how this pan out.

So many naysayers wanna buy at below rm1. If fraudulent why wanna jump in? Haha.

Also Karim has been buying consistently since March, says alot for fraudulent chap.

@jun1920 exactly. Consider this, From neutral point of view, u should stay away. But many will buy if below rm1. Fear spreading to buy cheap perhaps.

If close green, this will fly.

Zero sum game counter. If cleared shoot to rm2.5 possible. If deemed guilty, GG. High risk high reward.

Probably gonna down abit panic selling then tug kf war from there. Late surge buying close green.

Serba aside, many opportunities in other counters tomorrow. Ready bulllets.

@stockraider logically. I am sure if any firm or company also must got error? Like how serba may have error, so do kpmg. Since they keeping mum about development we can just speculate. How sure we are they 100% correct? Maybe the shady deal is less? Or probably more?

They say 2019 is fine, more less same customers 2020 flagged. Unless they found irregularities and wanna cover their ass. In that case they made mistake in 2019.

Best is to release QR, li

Truth is we can all speculate. Public all believe kpmg are faultless. Are they?

Best is open trading, declare provision impairment, release latest QR and let market ride. If shareholder still believe can sapu cheap.

But latest QR is unaudited. Why haven’t release also?

Probably best to temporarily write off disputed assets, declare some losses for FY20. And release latest QR. Investor then judge on the basis of if write off is permanent then what impact will it be to the earnings of company. Let the market decide the value of the company. Those who believe and can stomach higher risk, shall be rewarded should the price tanked.

If kpmg wanna do forensic accounting and follow the money trail, probably every company in bursa have some hanky panky going on and audit will never finished on time.

I still believe its not kpmg job to evaluate other companies abilities. As long as value is exchange and work is done correctly and legally. Kpmg not auditing the receiving company. Key is correctly and legally.

I agree kpmg should at least reply the management and then say they will take it to the board. Not like ‘there are irregularities, lets regard management explanation altogether and go for the throat’. Playing silent is where kpmg is in my opinion is wrong and unprofessional. Not saying serba is innocent.

@i3lurker probably should have sent a letter say ‘this explanation is not sufficient and the likes’. It does seems kpmg doing half a job. Not like serba is clean by the way. Monday gonna be wild.

It baffled me also why after 6th of may no further action by kpmg. If serba is in the wrong, then they are rightly to be flagged. 3 weeks is a lot time.

Seems like the fight will continue for sometime. If they are really sure of the company, probably they will hold a support on monday. Down but maybe not limitdown.

Kpmg should raise the issue to both sides. Management and Directors. Its weird how after they reply to kpmg on 6th, no further actions by kpmg. Kpmg have their rights to flag, but probably after the reply from the management. Maybe they not able to conclude within stipulated time, hence they flag? Maybe a conspiracy? Too many unknown factors. What we hearing only from serba. Only if we know what kpmg sides are.

Listened to the meeting. They highlighted valid points, but not entirely innocent imo. Public trial is on going Gonna be some wild ride. If close green on Monday (considering fmco, klci sure tank) this will rocket to rm2.

Serba is under public trial. Not entirely guilty, but not innocent too. Haha. Lets see if epf will provide support and prevent limit down. If Karim sells, then GG. Probably he wont.

Anybody got saved file from the meeting?

We assume serba is the culprit, but we hve yet to hear from kpmg to digest fully. Everything hanging from 6th may. 6-27 is almost 3 weeks. Surely got further information whichever party not telling. That said, no major sell off in recent time by major shareholder.. risk management team by epf, and other institutions sure have better information than us. Karim also recently bought 4 mil of scib shares probably the only counter argument he still believe in the company.

If serba can cook, everybody can. How to identify honest management? Small retailer always at risk for limited information given. Better put in FD lah. Haha.

Monday market will tank anyway. Just the matter of how much.

Not bad qr.

Inflationary play. With mco supply chain bottleneck, booming construction and auto to revive economy, profit is good for next year or two.

To be fair serba did reply to kpmg promptly (cooking book aside, we dont know for sure). For kpmg to flag statutory audit, without having to respond to serba reply first, is rather amusing. Probably there is more to this especially after 6th of May. Hopefully we get more truth to this.

That said, Karim sapu cheap scib 4mil shares. Surely he would have run if doing something wrong? Why waste few milions.