Robust: not breaking easily - strong, tough, sturdy, solid

https://dictionary.cambridge.org/amp/english/robust

That's why I asked earlier, did the new chairman mean to say that there's no or not enough robust information to be reviewed and verified in the SIR?

If everything is properly recorded, can be traced to its source and it is verified, that's robust information right there.

If there's no robust information, make of it what you will.

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Sslee "There is a need to have robust information in place before any conclusion can be made.”

What is robust information?
25/11/2021 7:21 PM

Because it's the easiest way out.

They'll blame anything and everything but themselves.
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Nikmon Why investor blame race, authority when is their own fault and greedy, sorry to tell you no treatment for greedy and stupod.....
25/11/2021 5:44 PM

“We want to be treated fairly as the authorities are asking us to do things that are not fair or just to the company as well as our investors. There is a need to have robust information in place before any conclusion can be made.”

https://focusmalaysia.my/serba-theres-no-cover-up-were-only-acting-in-our-stakeholders-best-interest/

Did the new chairman mean to say that there's no or not enough robust information to be reviewed and verified in the SIR?

His words didn't exude much confidence, if any.

Peace99: thank you and all the best to you.

Today Ptrans closed with a long-legged doji after a series of downtrend. This might signal a reverse in trend from its immediate trend. Tomorrow will be crucial. All the best to all holders. I've made my choice and I've to live with it.

I couldn't care less about SD's AR.

I want to know the findings in its SIR.

While I agree the innocent until proven guilty argument can be applied to anyone including SD but why are you blaming Bursa for other people's losses? As if flagged audit issues, double LD and going down from 1.60 to 0.40 aren't big enough reasons for them to cut their losses earlier.

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Vicky Come on bro. No one is guilty unless proven otherwise in court. Do not put unneccesary words into these companies. Remember many investors are involved and big loss for them. Whose fault ? Bursa Malaysia !!!
25/11/2021 2:47 PM

Strong support has been broken. What a disappointment from such a promising counter.

I'm out with 13% profit but I'm still holding the warrants. All the best guys.

Phew I managed to buy warrants at 1.19 earlier this morning.

The final blow will truly come if Tan Sri Dato' Sri Dr Shafee decides to abandon ship too.

Does this mean the new chairman, who was also one of Serba's INEDs before this, agrees with bursa?

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kfbusjd see the news at serba. this time the independent directors resigned because not agreed with bursa not karim.. anyhow its not a good news..
24/11/2021 10:30 PM

One OS from SD to Bursa, nothing happened.

One OS from Bursa to SD, two VIPs left the building.

LOL!

How many have jumped ship so far? 7?

Want to take a guess who's actually at shoplot-level now?

What a funny case of getting bitten in the backside by one's own words LOL!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3212170

The Sultan of Johor is a prominent and astute businessman himself. There's nothing wrong with DK wanting to meet His Royal Highness.

However, I still reiterate that SD are doing everything under the sun except for announcing the SIR.

@derekooi: PTrans are financially healthy and its QR was also good, all things considering but for some reason those positives aren't reflected in PTrans's price action/TA.

Something is not right with PTrans. Its FA is good but its TA is not so good. At 0.665, this is its final acceptable support. If it closes below this, I don't know how low will it go.

Wow -RM32.5 million.

All this nonsense can be avoided had SD announce the findings of the SIR in the first place.

We are at the end of Novembear and we are fast approaching Decembull LOL!

Top 10 SD share holders.

https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership

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Parrot I want to know if KWSP & KWAP are still holding or sold all the shares?? Show me where..I will decide then to hold or sell..One more thing..I will wait till 5th Dec 21 before taking the necessary step..
22/11/2021 1:38 PM

It's relatively easier to come up with RM30million than to come up with a clean book, hence why I think SD have a bigger chance of them completing the coupon payment rather than announcing their SIR and AR.

As I've said before, the SIR is a very simplified version of the AR. EY only need to review and verify "trivial" issues that were flagged by KPMG before. It should've been completed a long time ago but instead it has turned into a court case now LOL!

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BobAxelrod Don't be mistaken with the Time line and schedule of avalanche of issues/problems.

Phase 1 : 30 Nov : AR to SC
Phase 2 : Coupon payment on/before 9th Dec

Which comes first? Of course AR in Nov.

If AR is acceptable by SC....Lift suspension, mad rush for the EXIT door?

Phase 3 : Next May maturity of Bonds in Billions?
Crippled by Rating to re-finance.
20/11/2021 6:22 PM

With that being said, I think there is a bigger chance of SD paying their coupon before announcing their SIR and AR.

Sslee: Some people choose to close their eyes in broad daylight and conclude there's no sun.

The reason why I put that source is so that you and others can read why KPMG was fined regarding 1MDB's case, but after I've read your reply, I guess you were never interested in knowing the truth in the first place.

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solomolo Bojed u source before KMPG pay the fined...hehe
20/11/2021 2:53 PM

I don't like to comment on weekends because it kills of the chill weekend vibe but solomolo's and other forumers' persistence in bringing up KPMG's 1MDB case just show how shallow some people are because they only care about the surface and not the essence.

I admit that KPMG are no angels but trying to compare their SD issue with 1MDB issue is like comparing the earth to Mars. On surface, both are planets but there are so many reasons why life only naturally occurs on earth and not Mars.

KPMG issued red flags on SD's account while with 1MDB, they failed to flag(intentionally or not) the misappropriation of billions of ringgits.

"The proposed acquisition never materialised and the US$500 million was misappropriated to parties related to PetroSaudi and parties related to Najib, to 1MDB's detriment.

In May 2011, Najib and the 1MDB management then again fraudulently caused a further purported investment of US$330 million in 1MDB PetroSaudi in the form of additional Murabaha Notes, to finance its purported projects in the oil and gas sector. However, the fund of US$330 million was again misappropriated to Good Star.

The plaintiffs claimed that none of the fraudulent transactions and misappropriations carried out under Najib's directive and implemented by the then management was spotted by KPMG during its tenure as the auditors of 1MDB."

https://www.theedgemarkets.com/article/1mdb-and-msian-government-sue-kpmg-partners-us564-billion

I used to believe KNM's ethanol business would drive their profit up too but how naive was I back then.

I'll give Borsig a chance in 2022, but for now they must come up with something concrete regarding this Thai bond first.

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bojed
4138 posts
Posted by bojed > Feb 1, 2020 9:39 AM | Report Abuse X

Sorry guys.

I'm already out at 0.33.

Everything went into KOSSAN 10 days ago.

I guess I'm wrong about KNM, although I've made 280% here.

I still don't understand why is it so difficult for SD to announce the findings of the SIR to the point they had to go to court to stop EY from giving out any info regarding the SIR.

A SIR is a very simplified version of an AR. EY don't have to audit the whole book. They only need to review and verify issues that were flagged by KPMG previously, which according to SD, many of them were trivial issues only.

https://www.theedgemarkets.com/article/drama-serba-dinamik-continues

Even if they manage to secure loans to pay their Thai bond, this situation shows the state of KNM's coffers.

It's not a question of whether the AR can override the SIR but rather it's a question of why is it so difficult to announce the findings of the SIR ahead of the AR?

"13.1 (a). Non-payment: the Issuer fails to pay any amount of principal in respect of any of the Bonds within 14 (fourteen) days of the due date for payment thereof or fails to pay any amount of interest in respect of any of the Bonds within 21 (twenty-one) days of the due date for the payment thereof;"

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InvesterD https://portal.set.or.th/dat/eod/tsd/deb/a18d084e-45a2-4bd8-a1bb-234436a6ce5d.PDF
15/11/2021 4:19 PM

PERAK TRANSIT BERHAD

Fourth interim single tier dividend of RM0.00825 per share for the financial year ending 31 December 2021


Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 25 Jan 2022
2) The last date of lodgment : 26 Jan 2022
3) Date Payable : 15 Feb 2022



Remarks:

Holders of Warrant [PTRANS -WB (Stock Code: 0186WB)] are advised to lodge with the Company's Registrar, Tricor Investor & Issuing House Services Sdn Bhd of Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Wilayah Persekutuan their subscription forms and subscription monies for subscription of new PTRANS shares by 5.00 pm by 13 January 2022. This is to enable the new PTRANS shares arising from such exercise to be allotted to the respective holders in order to qualify for the dividend entitlement.


Announcement Info
Company Name PERAK TRANSIT BERHAD
Stock Name PTRANS
Date Announced 17 Nov 2021
Category Listing Circular
Reference Number ILC-17112021-00002

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3209879

Tomorrow.

According to its QR, PTrans's revenue was mainly derived from the integrated terminal operations such as rental of advertising and promotional spaces, rental of shops and kiosks, project facilitation fee, management fee and profit sharing from car park fee, terminal management and taxi entrance fee. All those on top of providing public stage bus and express bus services as well as operating four petrol stations.

PTrans's rental of advertising and promotional spaces has begun to bear fruit.

The figures look legit to me. Nothing too fancy.

Not a problem for me.

Good QR also kena press down LOL welcome to Bursa!

Nice QR! Get in!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3209791

TA-wise, PTrans has broken out from its downtrend line and its price is staging a rebound on the ema7 line.

@danchong: According to the StockHunter app, the ex date for the 0.8sen third interim dividend is on 29-10-2021 and it will be paid on 18-11-2021.

It looks like that negative goodwill has been ARBB's theme for two consecutive QRs now LOL!

https://www.theedgemarkets.com/article/arb-2q-net-profit-nearly-doubles-rm1628m

I won't talk down on their latest project in developing an algorithm that is able to detect people who are infected with Covid-19 from their coughing sound because this technology is actually legit.

https://news.mit.edu/2020/covid-19-cough-cellphone-detection-1029

https://www.nst.com.my/news/nation/2021/10/740133/local-researchers-develop-ai-detect-covid-19-through-sound-cough

However, I am a bit concerned because they seem to shy away from their signature business model this year, especially since the start of the KPMG saga. Many of their recent projects are local, and they're not big projects either for a company of SD's stature. Maybe SD are in an urgent need of generating quick money.

The curtains are drawing closer by the day for SD but funnily enough they seem nonchalant about it.

InvesterD: Renegotiation is one of the possibilities.

"Yaacob, who is the executive chairman and controlling shareholder of MAA Group Bhd — the largest shareholder of KNM — had previously said in an interview with The Edge that the bond could be renegotiated or refinanced."

https://www.theedgemarkets.com/article/tunku-yaacob-khyra-joins-knms-board-rm370-mil-bond-payment-looms

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InvesterD KNM either has to renegotiate on the bond (so far no news) or can be a default?
15/11/2021 4:25 PM

Good then.

I take it positively that the reason SD didn't complete the purchase of an 8-storey building in Cyberjaya is perhaps due to them wanting to allocate that portion of money for something of better use such as paying for the USD7 million sukuk coupon.

Let's hope this is really the case for SD.

What trend is there to monitor when the counter has been suspended for a week now? Fake multiple IDs talking to each other, that's why none of them make any sense at all.

"The rating agency said Serba Dinamik has a sizable RM99 million syndicated loan amortisation payment due in December 2021.

Thereafter, it said the company has large maturities due in May 2022, including RM100 million of commercial paper and US$222 million in Islamic bonds (sukuk).

S&P said this dwarfs the company's last unaudited reported cash balance of RM497 million (as of June 30, 2021).

“Serba Dinamik could face persistent cash burn over the next 12 months, which would deplete its cash balance further.

“Moreover, we project the company will generate negative free operating cash flows of up to RM400 million over the 12 months to June 30, 2022, given the high working capital intensity of its business model,” it said."

https://www.theedgemarkets.com/article/sp-downgrades-embattled-serba-dinamik-cc-missed-sukuk-coupon-payment-outlook-negative

Nedgeon has deleted all of his posts.

https://klse.i3investor.com/servlets/cube/post/nedgeon.jsp

Who does this remind you guys of?

LOL!

https://www.theedgemarkets.com/article/trading-inix-shares-be-suspended-effective-nov-15-2021

danchong: I'm not expecting much from this coming QR but I'm eyeing for the next one.

I couldn't remember if any one of you was here back in 2019, but I was and nedgeon certainly wasn't, and I was fortunate enough to get out when KNM started to show signs of weakness back then. I still remember how sardin81 used to hate paktua because the old fellow is a swing trader. Imagine that, hating someone for taking profit when the share price increases in a short space of time LOL!

I believe there is some value in Borsig. I'll close my eyes on KNM's performance for 2020 and 2021 because of Covid-19 but there shouldn't be any more excuses for KNM's performance and share price not to spike up from 2022 onwards.

The old management is gone. Borsig is still here. No excuses for 2022. None.

That's because you weren't here back in May/June this year.

In fact, your first post in SD's thread this year was only two days ago:

https://klse.i3investor.com/servlets/cube/post/investorking.jsp

No wonder you have no idea what happened here 6 months ago.

Go and take a seat in the corner and have a little bit of respect for yourself.

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InvestorKING Common sense , if all these so called "kind hearted" forummers now shouting to sell and delisted, bankrupt, etc etc etc, why don't they ask here to Sell when the price was at 1.6 to 2.0?

But only at this price range,then all these kind hearted person came in and said price will go down to 0.10 or even 0.005

Only Wise and smart investors after reading this, will know why? For this who trapped at high price, should average down from now.
12/11/2021 4:24 PM

What's more interesting is that they called for hold but gave TP -4 sen from SD's current price.

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wolfbroker Until today Public Bank still advise to HOLD.

Interesting.

PublicInvest Research Headlines - 12 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)
12/11/2021 8:57 PM