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No wonder SIR take so long...how leh KPMG?

SpeedNpower Don't play with fraud company. This qr is actual earnings instead of fraud qr like the last 5 qrs.

.

@Leno I just notice something in the HLIB and PBI latest analyst reports

EPF, PNB are major shareholders. Even Karim has hidding 6% more shares!!

Such is the quality of work. How to rely upon?

No wonder AA can fly to rm1 even when 2022/2023 profits are swimming with the submarine.
.

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This is how its going to be played.

QR 30/6/2021 not good enuff

SIR out - not good enuff

Annual report out - not good enuff

QR 30/9/2021 - not good enuff

QR 31/12/2021 - not good enuff.

QR issue continue into 2022 also not enuff

No Re-rating - not good enuff

TP 27 sen
.

.

shhhhhh, not everything must tell wan...hahaha


InterFund Almost 2022 yet these dumbos listen to IB for TP..................... hahahahaha........................ those analayst Jeremie Yap and Nurzulaikha Azali both are rookie anal-yst........................ IB are collecting SERBADK shares behind you back................

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GG

Get rid of the retailers.

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Is there such a thing as share laundering? Washing from 1 hand to another hand?

Since DBT too obvious now...hahaha
.

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This is where again, i assume, that you don't deal with Petronas.

When dealing with Petronas, even for bumi companies, if your quality and safety of work is not up to standard or your financials are no good (in this case, fake), Petronas without batting an eye cut you off the vendor program. No questions asked. Eg. barakah offshore.

If your financials are no good also (in this case fake), they will not award you new contracts.



Wongchin
Bt i can say that SD is a bumi co n have an advantage on local petronas tender.

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Of course! SD FA fake. Must be more stringent. Real GP and PAT margins 12% and 0.1% respectively.

2016-2019 margins way higher than that. KPMG must also commit fraud with SD.

That is conclusion based on analyses of our good investor activist here.


Nikmon So desperate and aggressive on marketing company... But SIR still pending after 3 months still counting
.

.

Agreed 100%. 17% or 600million shares held by bilis only. Get them to wash hands and sell it to the mutual/institutional funds.

Less worry.

OpporturnityHunter @investing-bursa, we feel more scare lah , with so many positive news, share price still drop. meaning that ppl lose trust and kept selling. you better hide it for yourself

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Business as usual. So many new contracts/projects. Surely, all cash planning done ady.

CEO Karim is ignoring the noises since 1st week Sept. 2021.


Investing_Bursa https://focusmalaysia.my/serba-partners-johnson-controls-to-power-abu-...
30/09/2021 10:43 AM

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You got PM.

InterFund Bargain hunter................... waiting for the signal code from funds that are fighting.........................

.

I didn't flag your post or report you. You know me, anything agree or not agree is for all to see here.

leno Hey !
Don't flag my post.
ALL of Us here want to see what happen to me, including me.
If u keep flagging,
i will delete my post to prevent getting ban.

.

Done! No need explanation anymore. Like any M'sian entity, please prepare in black and white proof ya. God bless your good work to help investors.

Wait for the case number ya, and everyone can call SC to ask for update.

Dear Sir/Madam

I wish to bring to your attention to allege fraud in the financial statements and mismanagement of cash in Serba Dinamik Berhad at https://klse.i3investor.com/servlets/stk/5279.jsp

The participants in that forum have provided proof and analyses of how it happened.

Attached is the complete chat logs that pertain into this matter.

Please revert on an immediate basis to verify these claims.

Thanks

leno feel FREE to report.
Just go ahead.
I have the right to presume the revenue and profit are FAKE.
based on my analysis.
My analysis is based on Common Sense.

.
Ok, I reported on your behalf representing klsei3. I got all the screeenshots since last night.

Give it a few days for case number and I share it all here.

Thanks.

leno "vi) On 3 February 2021, the Company has completed the private placement exercise, in
which the Company has issued 336,830,000 new shares with an issue price of RM1.51
per placement share. "

336,830,000 x 1.51 = RM 508 million

31.12.2020 cash : RM 1,306 million
3.2.2021 : raised RM 508 million
31.3.2021 cash : RM RM 1,026 million

Cashflow 3 months (Jan'21-Mar'21) = NEGATIVE RM 788 Million

cash on 31.6.2021 : RM 497 million

Cashflow 3 months (Mar'21-Jun'21) = NEGATIVE 529 Million

Sebak BLEED OUT RM 1.317 BILLION for the first 6 months 2021.
Bleed out RM 658 million per quarter.

Now, 30 Sep 2021,
If sebak bleed out another RM 658 million for the latest 3 month (jul-sep)
Sebak will have SUB-ZERO cash left.

.

Spend more time on the QR report (since you like to stay in past), and analyse how monies go in and out in CF statement.

Have you reported to Bursa and SC on FAKE accounts yet?

leno "vi) On 3 February 2021, the Company has completed the private placement exercise, in
which the Company has issued 336,830,000 new shares with an issue price of RM1.51
per placement share. "

336,830,000 x 1.51 = RM 508 million

31.12.2020 cash : RM 1,306 million
3.2.2021 : raised RM 508 million
31.3.2021 cash : RM RM 1,026 million

Cashflow 3 months (Jan'21-Mar'21) = NEGATIVE RM 788 Million

cash on 31.6.2021 : RM 497 million

Cashflow 3 months (Mar'21-Jun'21) = NEGATIVE 291 Million

Sebak BLEED OUT RM 1.078 BILLION for the first 6 months 2021.
Bleed out RM 500 million per quarter.

Now, 30 Sep 2021,
If sebak bleed out another RM 500 million for the latest 3 month (jul-sep)
Sebak will have ZERO cash left.
30/09/2021 9:56 AM

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ya, they really play guerilla ambush...external accomplice to buy the share...avoid detection...anytime, 1 DBT, big shareholder again...hahaa.

InterFund EPF keep on adding and will be substantial share holders again.......................................

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But 2 big fund but on same team hahaha.

1 tasked to sell and flush down toilet the bilis
1 tasked to buy the bilis stock

transaction fee sapsapsui nia....loose abit nevermind, most important big picture profit.


InterFund 2 big funds are fighting................. bull will win..................... hahahahah...........................

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On 30th June 2021, SD had some of it’s independent directors resign, had just sued KPMG, had no external auditors and had just given a press conference just days before. And all that time, it was a disaster for all SD stakeholders. Its workforce was also distracted by the issues.

Indeed, the BOD and management had their eye taken off the ball of maximizing shareholders’ value for some time, the issue surfaced 1st week of May 2021 and up 1st week of September 2021 before a sense business as usual set in. That is 4 months of lost and wasted time.

And what was lost in those 4 months? Potential contracts, financing and collections. A distracted workforce didn’t perform as expected. And the result is a very slightly lower than expected latest quarterly result (but not so when compared to the average consensus estimates, mind you!).

The question to ask is then,
1) Would SD perform better if there was no KPMG issue? Yes
2) Would SD have had the same cash situation if there was no KPMG issue? Yes
3) Would there be no re-rating of its debts and concerns of its repayment if there was no KPMG issue? Yes.

History tells us that SD being short of cash is normal from time to time, and always, there were plans to have it increased with old debts settled. It is not the first time. So what is the concern now?

And today is 30th September 2021. Taking a page off Evergrande,
1) Is SD still around? Yes
2) Are there market news of defaults of interest payments? No
3) Are there market news of defaults of principle payments? No
4) Are there market news of breach of financing requirements? No
5) Are there market news of picketing by vendors? No
6) Are there market news of legal action by vendors? No
7) Is there any regulator action on SD and its Principal Officers? No

So, there you have it. Its 30th September 2021. Business as usual. But for some, they revel in the past, let it be, for it is a place to soak their sorrows.
.

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sui.....................buy from bilis...that is the best......................

.

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Mutual funds keep coming in.

Yesterday, Vanguard added nearly 35 million shares (cheap2)


https://fintel.io/so/my/sdh
.

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If so, with GP margin for 3 months ending 30/6/2021 is about 12% and PAT much much lower at 0.1%. Prior years (2016 - 2019) were so much higher, nearly 18% for GP and 10% for PAT.

So, did KPMG help SD commit fraud by boosting up GP margins and PAT margins?

Think about your comments.


leno We can safely presume that
All 6 quarters Revenue
are Fake.
This will explain everything.
.

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Based on that conclusion, 2016 - 2019 also all fake based on the ratios as far as P&L is concern. I believe KPMG has alot to answer why SD accounts are FAKE, since they signed off.

And how many QR reports for listed companies are audited? Then to be applied fairly, all also fake since not audited.

You forgot 30/6/2021 was in the midst of suing KPMG, appointing new auditors, etc.

Anyhow, gist is GP margin reduction (-RM70m), increased finance costs (-RM100m) and loss of associated profits (-RM40m) are the key takeaway for 18th months adjusted to 2019.

Still BAU from my experience RUNNING a billion ringgit growing company.

@Leno, you are requested to file a report to SC immediately about your concerns. Thanks

First 5 quarters profit are all FAKE.
The END.

.
Out already. Please go thru it.

I encourage you to give your honest opinion on the QR 30/6/2021. Point out with your analyses if possible.

No hold barred. Do not be kind.

Please let everything out where the sun don't shine in klsei3 or any other forum.
.

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left poket, right poket.
.

.
buy high, sell low

.

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GG

https://www.smecorp.gov.my/images/foto/2018/hub2018/4.jpg

https://www.smecorp.gov.my/index.php/en/resources/2015-12-21-10-55-22/hightlights/2989-himpunan-usahawan-bumiputera-2018-hub2018

@Interfund

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leno 5 independent RESIGNED together - true
including 1 new one, one look at the account, straight resign. - false as due to personal reasons.

KWSP and KWAP DISPOSED everything - false as Bursa says otherwise
until now, kwsp and kwap never buy back anymore. - false as Bursa says otherwise

EY has been reporting every 2 weeks so many times - true
but sebak still not releasing even one report. - false. That rests with bursa.

Company is bleeding cash. - false, as there are ways to raise finance, just like any other listed companies
Debt is calling, hutang is calling, - false, debt equity ratio is 2. (this is not debt covenant ratio)
without audited report,
no more credit extension from any banks. - false, as banks themselves will be able to evaluate since they maintain the bank accounts.
29/09/2021 12:14 PM
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Just a recap of the shareholding persons/entities in SD.

Name % Shareholdings

Mohd Abdul Karim bin Abdullah 20.90
Abdul Kadier bin Sahib 16.18
Unknown Shareholder 1 * 8.80
Unknown Shareholder 2 * 4.62
Employees Provident Fund Board 4.97
Kumpulan Wang Persaraan (Diperbadankan) 4.53
Permodalan Nasional Berhad (PNB) 4.34
State Financial Secretary, Sarawak 3.38
SBB Dana Al-lhsan 1.45
Lembaga Tabung Haji 1.39
Public Islamic Select Enterprises Fund 1.29
Public Mutual Berhad 0.98
Other Institutional Funds (Minimum 2m shares) 3.50
Other Mutual Funds (More than 2m shares holdings) 5.38
Estimated Intitutional & Mutual Funds (Less than 2m shares holdings) 0.50
Retail Investors (Balance) 17.79
Total Shareholdings 100.00

* Suspected Person, Group, Provident Fund
Note : Retail Investors (Balance) holds about (‘billion) 0.60

Summary

Founder Shares - 36.08%
Government Related Funds - 30.64%
Institutional & Mutual Funds - 14.49%
Retail Investors (Balance) - 17.79%
.

.

Friday is October ady.

straightarrow Trade with caution

DJIA (-569.38 )(-1.63%)
Nasdaq (-423.29) (-2.83%)
S&P (-90.48) (-2.04%)

Hope SD will be ok.

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Obviously bull and bear are at deadlock.

Each trying to size each other up. Guessing how much ammo they have.

.

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I will make a generalisation here.

A few mutual funds have come into the SD family couple of weeks back. Last I guesstimate that they held 3-4% combined.

And they continue to top up their holdings slowly. Probably, 8% now.

A few new ones have come in this week, maybe 2%.

The mystery buyers now hold 10%.
.

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haha, when she is around, so is he.

InterFund big promoter @janetan68............... hahahah...............................
28/09/2021 2:44 PM

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SCIB DBT 21 million shares.

Today and possibly SCIB, SD, Kpower, may be attacked at all fronts.

The last push down (which will be scuttled)
.

.

You know who meh? hahaha. $$$

InterFund Someone has been buying 172 million of SERBADK shares worth RM65 million........................... and his average only 38cent............................ hahahahahahaha...................................
28/09/2021 12:39 PM

InterFund This guy has been buying below the radar (4.5887%) so he doesn't have to file to bursa.............................. is it a guy......................? or institution.......................? hahaha........................

28/09/2021 12:41 PM
InterFund Could it be EPF fund managers......................? passing from one EPF fund manager to another EPF fund manager................? Only the insiders know..............................

.

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Sep 28, 2021 11:43 AM | Report Abuse

My sources told me that the SIR is almost completed...some compromise had been achieved...hopefully its true !


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Sep 15, 2021 12:45 PM | Report Abuse

My sources informed me that the compromise had been.reached and in fact...no significant matters were noted...However, i dont understand the reason behind the fall...


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Sep 7, 2021 11:45 PM | Report Abuse

May UMNO bless Serba Dinamik.


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Sep 3, 2021 12:00 PM | Report Abuse

My sources told me some compromise have been achieved. How come still fall?


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Sep 1, 2021 3:10 PM | Report Abuse

My sources told me so compromise had been achieved..Dunno how true...Hopefully true !


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Aug 29, 2021 9:27 PM | Report Abuse

If Abang Karim is reading this, i hope he will forgive kpmg if kpmg apologises and Move Onwards !

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All set and done deal. Aerospace and Space to the moon literally. I would like a ticket for space tourism.

12MP: Serba Dinamik ready for aerospace industry challenge
https://www.nst.com.my/business/2021/09/731488/12mp-serba-dinamik-ready-aerospace-industry-challenge

https://www.freemalaysiatoday.com/category/nation/2021/06/30/serba-dinamik-ventures-into-space-technology/
.

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Without even mentioning names, the low pedigree readily admits its turn to bark, on demand at my convenience.
.

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When some of my comments "hits the bone to the core", I know its the truth.

Someone here really took big hit by it as it exposed his incompetence, lack of judgement, lack of cognitive and deductive reasoning. In addition, it exposed his real life character and real live job level in business and corporate scene. A non performer.

When the truth is already out, please continue as it is proof again that low level pedigrees will forever bark.

ps.

Hi Mr. XXX,

Thank you for your patience. Upon verification with our information provider, KWSP/PNB still holds shares of Serba Dinamik. If you have info that states otherwise, please provide all relevant info and sources for our further investigation.

Thank you.

Regards,
Bursa Marketplace Support Team
engage@bursamktplc.com

===============

Sep 21, 2021 at 11:46 AM
Hi Mr.XXX,

Thank you for notifying us. We are working on this issue at the moment -- bear with us while it is being fixed.We will keep you posted.

Thank you.

Regards,
Bursa Marketplace Support Team
engage@bursamktplc.com

===============

Sep 20, 2021 at 10:15 AM
Category: Website Issue

Enquiry:
Hi,

Does top shareholders listing listed in BursaMarketPlace in any company accurate at any point in time? Or is there a delay in updates?

This pertains to Serba Dinamik where KWSP/PNB no longer holds any shares in Serba Dinamik but in the site shows it hold some %.

Thanks
.

42 million shares DBT.

.

Dump is coming. Can someone verify?

Date & Time 28-09-2021 10:13:22

Reason DBT (Direct Business Transaction) Notification - SERBADK( 5279 ). Kindly be informed that DBT occurred on stock SERBADK( 5279 ) on 10:13:22 at Price 0.340, Volume 4.203607E7 units.
.

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When you look at the trade today, even the operators are not trying to push the price up, since they already know dark forces will come in and wipe them out.

The operator know who it is and these dark forces have 250 million shares to dump on them to kingdom come.

TODAY will be the lowest price in SD's history.

Unless SC/Bursa tangkap the dark forces, then all as planned (that will be scuttled).
.

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Not long ago, I supported MSWG's CSR activity and attended a MSWG course, where it discussed on the disclosure of financial statements.

When it came to the GP margin or PBT margin, a discussion was about how fair and correct those margins were against industry or competitors. How do they know if the company was efficient and effective?

In that, a participant who admitted to be a season Bursa retailed investor, asked the then CEO of MSWG, that companies should disclose all the details of their customers/vendors, so that the retail investor can fact check and even make suggestions to that company on how to make their margins better. (since that person can nego a better deal)

The CEO of MSWG just grinned in disbelief and replied "If such disclosures were made in such detail, that companies competitive edge would be lost to not only its competitors, but also to wannabee new entries. Hence, that company's value would go down the drain and fall into bankruptcy".

So I come to a conclusion that "macam macam ada in society" and many are not really knowledgeable in stuff (either thru inexperience, incompetence or sheer ignorance).

Hence funny and damaging comments from them.
.

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The lowest level for SD price, in its history will be TODAY.

Will it be a bluff?
.

.

Just in case you have forgotten or chose to forget.

SERBA is required to maintain a maximum debt-to-equity ratio of 2.00 to comply with bank covenants, failing which, a default may take place next.

As of 31/3/2021, the ratio is 1.03%.
https://www.investing.com/equities/serba-dinamik-holdings-bhd-ratios

NatsukoMishima KUALA LUMPUR: Dolomite Corp Bhd has been classified as an affected listed issuer under Practice Note 17 (PN17) after it was unable to pay its debts as its liabilities have far exceeded its assets.

As of Dec 31, 2020, the investment company, which is the parent of 14 subsidiaries, has net liabilities of RM59.57mil.
.

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TQ for showing everyone your thought processes.

DickyMe4 "Posted by pearlwhite > Sep 24, 2021 4:42 PM | Report Abuse

.
Nie nombor2 petik dari mana akaun/repot SD?
===================================

Ko yang tampal.

.
Nie nombor2 petik dari mana akaun/repot SD?

DickyMe4 "..S&P highlights that in the next nine months, Serba Dinamik has maturing debts that include RM900 million in sukuk, RM700 million in loan amortisation of its long-term bank facilities and short-term facilities, and RM100 million of its commercial paper."

So around RM 2 Billion "debt"?

.
Answer the question. Did they use QR 31/3/2021?

Or do you need me to point it out to you which para. that S&P used to justify per your "In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence."


https://www.theedgemarkets.com/article/sp-downgrades-serba-dinamiks-rating-further-ccc-b-growing-refinancing-risks

Nikmon In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence.”

S&P downgrade after SD dispute with auditor, as this has damper market confident and impact the refinancing

Will S&P revise the rate without clarity from the SIR, lol.
.

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Really, then what is this? Give us here an answer why QR 31/3/2021 was used. TQ

S&P highlights that in the next nine months, Serba Dinamik has maturing debts that include RM900 million in sukuk, RM700 million in loan amortisation of its long-term bank facilities and short-term facilities, and RM100 million of its commercial paper.

The last reported cash balance as at March 31, 2021 of the company amounted to RM1 billion.

S&P estimates that Serba Dinamik will generate RM300 million to RM400 million in negative free operating cash flow over the 12 months ending June 30, 2022.



Nikmon This smart investor never short of story, recap some of the entertaining narrative, privatization before SIR, good fren with politician, dark hand and dark face,.

So latest S&P will accept the QR without SIR....lol, genius genius.

.

Alot will say the QR report is not accurate, way off and without SIR means nothing. This is fact here in klsei3 for some.

But for S&P, bankers and customers, should be acceptable as AR will be out by 31st Oct. 2021.

tradersampah Buyer still waiting QR report

.
Say welcome to the following additional mutual funds into SD's family.

Selamat datang!

Principal DALI Asia Pacific Equity Growth Fund
iShares Core MSCI Emerging Markets ETF
Vanguard Total International Stock Index Fund;ETF
Principal DALI Equity Fund
Principal DALI Opportunities Fund
WisdomTree Emerging Markets SmallCap Dividend Fund
Public Focus Select Fund
Vanguard FTSE All-World Ex-US Small-Cap Index Fund
iShares Core MSCI EM IMI UCITS ETF
Statens Pensjonsfond Utland

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