NTA of unreliable Serbak post audited accounts is 76 sen on 30/06/2021. Since then there were bonds default and the company cannot fully pay interest. What is the adjusted NTA by 31/12/2021? Will the bondholders go for creditors winding up?

By 2/12/2021 Chef got no more shares in Serbak, preparing to resign?

In short, what the external auditor is implying to shareholders, "thank you for the appointment as auditors, however after having conducted the audit and in view of so many current and past issues outstanding, they are court cases, SIR, bond defaults, lack of documentary evidence and also being in the circumstances of appointed late as auditors, Nexia have no or can't form an opinion on the accounts between so and so period.

In other words, the account is not reliable for anyone to make any investment decision.

Yeah if you believe in Bolehland laws one for muslim and another for non Muslims? Or rather if you have enough money to pay and avoid jail terms?

Posted by neohts > Jan 6, 2022 4:53 PM | Report Abuse

This is Malaysia. Bumiputra company bosses not need to go to jail. Just pay fine.

Criminal charges have jailed terms.

neohts Later all of them will admit guilty then pay the fine. They don't have to go to jail.
Then start all over again.
06/01/2022 4:45 PM

Very thick face hope all shareholders throw chef and gang out in the AGM.

Lim NK AGM dated 31 Jan 2022 - To approve the payment of Directors Fees and Benefits from 1 February 2022 until the next Annual General Meeting of the Company of up to a total amount not exceeding RM3,000,000.00.

Hahaha, they still want to ask for money ???
06/01/2022 4:31 PM

Wait for main media to comment on the AR. Many are waiting for the release.

shareinvestor888 Yeah @alenac… would wait for your comments once Serbak’s annual report is released today right?

Bob, no more bond girl but ours in Penthouse. Watch her play dildo and pop strawberry from Cameron.

Posted by BobAxelrod > Jan 6, 2022 2:43 PM | Report Abuse

@888, maybe he found the Bond girl too hard to resist.....cracked his armour and broke the emergency glass to find the rubber within.

A few edits here and there will be as good as Penthouse letters. Now Serba rocket into the porn industry. Chef super rod.


HoHo Jack...

YOU still remember our few last conversation before you go down under? . Mabel is here just to fulfill your request..

Rose: I love you, Jack.

Jack: Don't you do that. Don't you say your goodbyes, not yet. Do you understand me?

Rose: I'm so cold.

Jack: Listen, Rose, you're gonna get outta here, you're gonna go on and you're gonna make lots of babies and you're gonna watch 'em grow. You're gonna die an old.. an old lady warm in her bed, not here. Not this night. Not like this, do you understand me?

Rose: I can't feel my body.

Jack: Winning that ticket, Rose, was the best thing that ever happened to me.. it brought me to you and I'm thankful for that, Rose. I'm thankful. You must.. you must.. you must do me this honor, you must promise me that you'll survive. That you won't give up, no matter what happens, no matter how.. hopeless. Promise me now, Rose, and never let go of that promise.

Rose: I promise.

Jack: Never let go of Serba

Rose: I will never let go, Jack, I'll never let go Serba Dinamik.

https://www.youtube.com/watch?v=9sErVyGeQrQ

Advisory Board of MACC or Balls Carrier of MACC chief. They must decide in due course.

Company's will not received exemption only all income of individual except for overseas dividend income. So if divi is received from Wilmar still will be exempted till 2026.


Posted by williamh > Dec 30, 2021 8:12 PM | Report Abuse

Tax exemption for foreigners sourse whether private or company will not change until 2026.according to the later

I suspect If AR come out also qualified opinion.

RexKing Even annual report come out by tomorrow also useless.. These are default bond from SD and waiting money to pay for it.. Bank scare borrow money for company doing fault accounting and also goverment hardly to bail out for it.. Maybe can ask SD loyalty investors for help..
05/01/2022 4:45 PM

Don't compare USA with Malaysia. Our economy is subsidy-based. USA economy is not.

ivan9511 Is like that, our bursa not like usa market , if like usa market . Now we all like tesla billions.
Not only mbsb see tenaga lagi kasihan. Monopoly th most important power in Malaysia,
Why because this month my electric bill very expensive and many shops open and electric bill quite expensive from last time. Tenaga also cannot up then what can up
05/01/2022 3:35 PM

Wow, so media paint a bad image on Serbak or Serbak create the bad image because it got caught cheating by the external auditor? It is just your statement to justify buying Serbak or you got caught in Serbak trap?

Posted by Sarawak32 > Jan 5, 2022 9:39 AM | Report Abuse

Survey show only 2 to 3 percent of people make money in stock market. This minority are those who explore apportunity in counter that majority and media loss hope or paint a bad image on it. Following the crowd is not the way for real investor. We need to do fact finding first before deciding our action and not base on rumors or the crowd.

Only for their staff, morale is low and staff all leaving, maybe only ball carriers and unproductive ones still left behind

Posted by bojed > Jan 4, 2022 10:55 AM | Report Abuse

SD townhall session was held yesterday.

https://imgbox.com/pePGnpuV

Interfcuk is a fun manager gone crazy. Melayu fellor?

superrr We can lend him some $ that hope he can win the 4D ... .haha


OpporturnityHunter Superrr, Interfund got burnt by ah Pek liao. no more money to buy 4d liao
04/01/2022 10:22 AM

Also, QReport will incurred SSM penalty not mistaken RM1 mill.

Posted by joyvest > Jan 3, 2022 5:39 PM | Report Abuse

Qualified audit opinion with material uncertainty qualification is expected to cause havoc and negative impact on the share price upon lifting of suspension..

Disposed of whatever, all cashflow pay their fees and salaries. For decades not paying any divi at all?

Bmw X5 The Proposed Disposal provides the Group an opportunity to unlock and realise the value of the Property
whilst providing gross proceeds of RM36.22 million arising from the sale of the Property. The proceeds
from the Proposed Disposal will enable the Group to strengthen its cashflow, and at the same time, provide
additional funds for capital and operating expenditure as well as working capital.
03/01/2022 2:52 PM

5.6% divi at today's price still ok, above EPF annual rate. Hopefully 2022 will pay more cos EPF need to get more from MBSB to pay members better returns.

Noted, with senior managers parachuting and other news forthcoming.

Posted by limontea > Jan 3, 2022 9:50 AM | Report Abuse

Sell Q so heavy

Boy mosquito, don't scold people. If you think this counter is very cheap , by all means go ahead and buy. Nobody stopping you. Others are waiting for cheaper price as they feel the prospect is negative in the future. This is a free market.

Posted by goodmosquito > Jan 3, 2022 9:06 AM | Report Abuse

many mooooooorons say ' will go South, catch falling knife, etc..'

but now Green!!

haha

This counter has disappointed almost all punters long term as well as a short term for the last 50 years. Oldman and son same lining up their pockets. Oldman in London, while son here no new strategy and no creation of value.

Posted by Cnbcnb > Dec 22, 2021 8:35 PM | Report Abuse

Must be somthing we can do

More of creating capitalist pigs and now have to choose which pigs to keep and the rest to put down.

Posted by Sslee > Jan 2, 2022 12:21 PM | Report Abuse

In a nutshell, “common prosperity” tacitly recognises that while China has officially been building “socialism” over the past four decades, it has created one of the most unequal societies on earth. The time has come, Beijing says, to fix that.

https://www.ft.com/content/4dbbdade-15f1-4c6e-9220-738891d4c475

"Common prosperity" is the term used to put a stop to extreme capitalism of wealthy Chinese tycoons which the Xi government has tolerated and felt threatened by their challenges to the authority ever since their great leader Deng accepted capitalism as the road to a better life for China populace. A victim of the economic success for embracing a free-market economy.

Difficult to put a figure on how extensive was the cooking on the 3 counters unless you are part of the management.

Posted by InsiderShark > Jan 2, 2022 11:59 AM | Report Abuse

karim must be the first person to cook 3 counters at once, nobody done this before. and also cooked the biggest, prior to that was transmile.

Not impossible to go even lower. But you are free to buy as you already know the risk is high of default. The management is not truthful and transparent.

Posted by SaveSerbakDinamik > Jan 2, 2022 11:43 AM | Report Abuse

Current share price is consider very low dy

Wow! Comparing Citi bank with Ataims? Out of the world differences, between a worldwide bank and an smallish OEM assembler.

If at 8% interest per annum LA is the best bet, but the mother may pull down the price.

calvintaneng Better sell as fast as you can as after this is downtrending all the way to zero
31/12/2021 1:12 PM

SCIB scrip is written by the Chef. Chef will not have time to manage as he will be fighting not to go to Sg Buluh pen. Possible too that SCIB may be dragged into Serbak fiasco as they have been trading with each other. Only time will tell.

Sciblap This counter already go down so much. Even the price at suspension is very much less than the warrant before.
01/01/2022 7:33 PM

Most money kena stolen by Ricky and there will still be his people in the company? Any comment?

https://www.theedgemarkets.com/article/sc-show-how-ricky-wong-siphoned-over-rm50m-bright-packaging-industry-rights-issue-private

Posted by SNbright > Jan 2, 2022 9:50 AM | Report Abuse

JR, somehow the present set of thoroughly very incompetent, very inafficient management people need to go ,otherwise 10 -30 years also cant boom. haha

Emperor Xi, the beginning of Xi Dynasty nepotism? Will it be like the Kim Dynasty of North Korea? Probably not, if going by a historical incident where upon the death of Mao, his wife attempted to seize power but failed.

Posted by uncensored > Jan 2, 2022 9:39 AM | Report Abuse

任志强因为触怒了习近平 而失联
“那里站着的不是一位皇帝在展示自己的新衣，而是一位剥光了衣服也要坚持当皇帝的小丑。尽管高举一块又一块的遮羞布试图掩盖自己根本就没穿衣服的现实，但丝毫也不掩饰自己要坚决当皇帝的野心，和谁不让我当皇帝，就让你灭亡的决心！”

More exact is don't mix with unintelligent people.

Posted by uncensored > Jan 2, 2022 9:33 AM | Report Abuse

As Tobby said

there's a wise man who said, don't waste time in company of fools! Because if you persist, then you are the actually fool!

China learnt that the end justifies the mean. That's where Deng Xiou Ping prefers any colour of a cat to catch a mouse. Meaning embracing capitalism if it is good for the people. You would call pragmatism. Meritocracy may not be true, within the elite in PLA/CCP may be more of who you know. But the general populace ie private sectors and non-government links could have elements of meritocracy.

Posted by Sslee > Jan 1, 2022 9:28 PM | Report Abuse

MERITOCRACY AND PRAGMATISM KEYS TO SINGAPORE’S SUCCESS

Kishore Mahbubani
Singapore emerged as the real star of the 2019 edition of the WEF report on global competitiveness. To better understand the secrets that allowed the Asian city-state to overtake the US as the most competitive economy in the world, we sat down with professor Kishore Mahbubani, Senior Advisor (University & Global Relations) and Professor in the Practice of Public Policy at the National University of Singapore. Author of several books and expert on Asia and world affairs, he also served for 33 years in Singapore's diplomatic service.


Professor Mahbubani, what would you say are the main lessons we learnt from the leadership that transformed Singapore and which we can still apply today?


Singapore had three remarkable leaders: Lee Kuan Yew, Goh Keng Swee and Rajaratnam. No country has improved the living standard of its people as quickly and as comprehensively as Singapore did in its first 50 years. When I was dean of the Lee Kuan Yew School of Public Policy, I told the students who were coming from all over the world that I would have given them the secrets of Singapore success and I would have done so free of charge. And the secrets are captured in an acronym –MPH – which stands for three words. M for Meritocracy: one reason why Singapore is exceptionally successful is because its leaders tried to get the best possible people to join them in government, so the quality of minds of the leaders matter, but the quality of the minds of the people that are around them is equally important. The second letter, P, stands for pragmatism: Singapore is by far the most pragmatic country in the world. It will try anything without thinking whether this it will fit its ideology. The third letter is the hardest one and that is why most countries fail: it stands for honesty. By accident of history we had three brilliant leaders who were also exceptionally honest, even when Singapore was a very poor country and the salaries were very low. If any country can implement these three principles, I guarantee you the country will succeed.

Hong Kong is a problem where the brit gave up a prosperous colony to a centralised CCP government in Beijing who had no experience in the democratic process, have no idea of a ruling democracy and will never surrender their control over the colony. It is like giving monkey flowers.

Posted by uncensored > Jan 1, 2022 5:49 PM | Report Abuse

He is wicked, evil, greedy & money minded.

But he is right on one thing, that is Hong Kong's democracy on ventilators. Now under siege by CPC.


>>>>
Posted by qqq3333 the Star today........Is democracy on ventilators by Andrew Sheng.

Andrew Sheng, a giant among men.

01/01/2022 5:22 PM

This is what is happening in Malaysia where democracy is unable to deliver, where autocratic populism hijacks the democratic process.

and definitely, it is a work in progress.............

In short, democracy as an ideal depends on the quality of institutions and if these institutions corrode, become politically captured or are unable to deliver what politicians promise, then democracy or whatever ideology is in power will inevitably be subject to change by peaceful or violent means.
and he went on to say......
Democracy is a work-in-progress, not carved in stone to be worshiped. Each country and community has to find its own form of democracy to arrive at what is best for the community as a whole. To survive, it has to meet the Darwinian test of evolutionary competition from many different modes of governance. Darwin never said the survival is of the best, but only of the fittest.

http://www.koreaherald.com/view.php?ud=20210510000208

There is no single formula or fixed template to raise living standards in each country, as there are restrictions and obstacles in nation-building. What is applicable in China is not necessarily good for Malaysia or for that matter any other country. If you let the majority of the people decide (that is democratic) do not mean that it will be good for the nation. Take EPF withdrawal and Brim payment, these are compromising members retirement funds and creating and increasing government debts without increasing productivity respectively.

Posted by qqq3333 > Jan 1, 2022 5:02 PM | Report Abuse

a lot of the human problems are caused by interference into other people business.

leave them alone, time will sort out their problems.

if not, its none of your business. None of serpenza business except he makes a living telling lies about China.

India is democratic but socialist in nature. But even though a free economy does not translate into a prosperous nation. A huge population and consumer market still cannot be an advantage for large scale production. Cultural and religious disadvantages, perhaps? Early communism in China could be advantageous by stripping naked all cultural and religious conservatism thereafter a ground zero start-up lesson in capitalism. Within 30 years, the result is obvious.

Posted by Sslee > Jan 1, 2022 2:23 PM | Report Abuse

Is India elected Modi's government work for the welfare of all its citizen or the elite, the well connected and the majority Hindu nationalism.

QO meant that the AR is not reliable and therefore not true and fair. For those who intend to buy after the suspension of the counter, the risk of SCIB going down is very very high.

At least when you buy in with the information that it is very likely to have a bad result in the future or a failed company and share price likely to decline further.

Posted by IdleMoney66 > Jan 1, 2022 11:53 AM | Report Abuse

Qualified opinion from auditor.

Who has the biggest stake in Serbak and to gain from fictitious accounting? Obviously, the only way for Mohd Hafiz to escape from the slammer is to become the prosecution witness.

Sslee Meanwhile, the group’s vice-president of accounts and finance Muhammad Hafiz Othman was slapped with an additional charge in the Shah Alam Sessions Court for allegedly creating fictitious sales, causing falsified revenue to be recorded in Serba Dinamik’s earnings report for the quarter and year ended Dec 31, 2020.

While Chef and his goons use the resources of Serbak to fight their court case and busy promoting Malaysia. Sounds and looks like Chef is a second Jibby. The difference is that he is yet to be convicted.

leno Sebak already DEFAULTED RM 2 BILLION BONDS
Now must pay RM 2 BILLION ringgit.

WHEN must start paying the RM 2 BILLION ringgit ?
The answer is 3 Weeks AGO.
31/12/2021 1:24 PM

Yes, remind me of the application of hudud law. Physical stealing is punishable by severing the limb or arms etc. But electronic stealing god got no answer to human's ingenuity. Thus the holiest of books do not have a solution to this.

Posted by i3lurker > Dec 31, 2021 11:16 AM | Report Abuse

Supermarkets always jails people who steals even a bar of chocolate to send a signal that stealing is bad

people who steals Billions always gets a "Tun" title


kakakakakakakakaa

May go to jail and really go to jail in 2 different scenarios. There are 2 sets of laws for the rich and famous or notorious and for the poor and ignorant rakyat.


Posted by superrr > Dec 31, 2021 11:07 AM | Report Abuse

Even individuals who falsify A/C can be caught and may go to jail, let alone listed companies falsify A/C and defraud the public...

A case in point was the CEO of Transmile, a fake invoicing act similar to the Serbak case that recently disappeared after going overseas and can't be traced. Not a day in jail after dragging the case in court for more than 13 years.

Posted by investor2021trading > Dec 31, 2021 10:08 AM | Report Abuse

pon pipi! what to argue? oredi warrant of arrest issued to top management, there will b many court case, they will b charged guilty n put to jail n a fine amounting to millions of ringgit!

Only Abang Jo or Semail can save Serbak and 2 other companies. The question is will they dare to do it? If not then banks and bondholders will take over Serbak. Dilute Chef and associates shareholdings terminate them and appoint an experience O & G CEO and new management team. All these take a lot of effort but who is going to provide further working capital as the O&G business is capital intensive?

Posted by amirf1221 > Dec 31, 2021 9:41 AM | Report Abuse

if internal has a problem. i have a question, will the company could still be saved when they changed a new one

new perspective and new view from investors and shareholders

Good morning, conspiracy to cheat meant that internal control was fully used for that objective. So there was no breakdown, it was used for any unlawful purpose.

Posted by i3lurker > Dec 31, 2021 9:23 AM | Report Abuse

Internal Control breaks down when there is collusion.

also if in any other normal company the CEO and CFO and all charged staff will be suspended immediately. => If they are innocent............

looks like both and "others" are unwilling to suspend themselves

kakakakakakakakakakakakakakakakakakakakaka

Tarah bising2, kasi amaran jer, kalo jualan jatuh teruk harga saham pon akan jatuh cam pisau tajam menjunam dalam masa depan.

investkl8 Apa bising bising sini?

TP 1.20 is reasonable once Q3 positive result out.
30/12/2021 8:55 PM

Wow, Lurker in your younger days you must have been an irritant and activist to be so scared?


Posted by i3lurker > Dec 30, 2021 8:45 PM | Report Abuse

This is so exciting !!!

threats from some people in this forum make this Serba sound like 1MDB all over again.

... threats to life and limb and also life sentences inside Jails.

in my younger days, I changed hotel rooms every nite



:)

I don't think the financial will recover after 80% loss of sales. Remember a chunk of fixed costs will still be there unless the management reduces fixed costs drastically before 30th June 2022. What then is the future share price trend will depend on when they can restore sales and if not the price can only go south.


Posted by newguy0801 > Dec 30, 2021 8:30 PM | Report Abuse

To me, I don't think it will be wise to assume that ATA won't take any action to overcome its loss of revenue. Yes, I agree that the current share price is definitely overvalued, but it is definitely justified at 0.3 - 0.4 based on fundamental analysis. With a relatively good financial health and experienced board, it sure has a good chance of recovery, but definitely not immediately to its former glory. So, just make your own judgement whether this form of investment is good for you or not. I can only confirm this counter no longer attractive for those short term traders.

You believe all the top management will appear in the AGM? Before the AGM audited accounts must be released. Now, where is the AReport>

Posted by Depeche > Dec 30, 2021 8:17 PM | Report Abuse

AGM coming.... they better mean it... don't leave their office without bombarding the mgt with hard questions.

Obviously, when millions "raid" EPF for their retirement money. Will extend UMNO lifeline as these people will have to vote for the government that provides more cash handouts forever.