another goreng job!

Profit totally dependent on oil price...best time to dump and run with such a high oil price!

High oil price is not sustainable given clear alternative fuel sources!

Price should hold on based on fundamentals of at least 90 be fore dividend ...unless operators ramp...

The price will rise once 20 sen div is approved at EGM!

Is there anything sinister about the suspension?

Given the gravity of such audit issues by KPMG, BURSA should have suspended the stock since day 1! The way the price had fallen is a joke on BURSA! Who were they protecting? Certainly not the general public and shareholders!

Whenever, a listed co is unable to meet it's FY end Accs, it should be suspended! Where the QR is not furnished in time, diligent action should be taken, like suspending the counter after a certain extension is given!

There is no way accs cant be completed in time and gets audited by reputable auditor in time too! One story related by a Senior person of an audit team...certain listed company and one SPAC at that time did not have any financial reporting system and were running it on EXCEL!

Hoe did BURSA get them pass it's diligence test and recommendation by the merchant bank for listing?

IKHLAS Capital is a predator! Its pump and dump soon by these vultures, they have no long term view or position!

Thanks ..Start!

If one values it on combo of NTA and disposal gain only - Current NTA is 77 sen. the sale will bring in RM185mil, ie gain of 31 sen, thus valuing it at RM1.08 cum dividend!

The only laggard here is, if the operations will be earnings dilutive!

As long as PEILKAN is profitable, such above level should stay!

Latest QR of 2.98 is a flash in the pan! If extrapolated , this means EPS of approx. 12 sen pa. Such an annual earning is impossible for this Co in its current set up, structure and capacity. Thus, PE valuation is misleading more so given the non accretive business it is in!

Current price is app 50 sen, which has partly factored in the 20 sen dividend, thus assuming ex div value of 50-2-=30 sen, and the multiples of 15 for this business, it derives EPS of 30/15 = 2, which in itself is a bloated earnings!

Doubt if any other sale of asset will bring in any additional value without sacrificing earnings quality! Those in the money should be careful and exit!

As shareholder, I m yet to receive the EGM notification and am sure many are in the same connundrum too!

latest QR of 2.98 is a flash in the pan! If extrapolated , this means EPS of approx 12 sen pa. Such an annual earning is impossible for this Co in its current set up, structure and capacity. Thus, PE valuation is misleading more so given the non accretive business it is in!

Current price is app 50 sen, which has partly factored in the 20 sen dividend, thus assusming ex div value of 50-2-=30 sen, and the multiples of 15 for this business, it derives EPS of 30/15 = 2, which in itself is a bloated earnings!

Doubt if any other sale of asset will bring in any additional value without sacrificing earnings quality! Those in the money should be careful and exit!

As shareholder, I m yet to receive the EGM notification and am sure many are in the same connundrum too!

SIR is not favorable to SDK though much watered down from KPMG's version!

No way another accg firm will go 180 degrees to what was previously done by another!

The impact of these shenanagan dealings at SDk will be revealing...soon SDK will be taken over by another and SDK will have to drop it's suit on KPMG!

For all the flaws of KPMG...no way they could be out by a mile on this SIR! At best it would be a lower financial number impact but surely as far as integrity is concerned, SD has a lot of explanation to make!

Its a case of reputation dented but not beyond repair!

SIR report is unduly delayed.

If what SDB BOD claim is defendable or is so credible, why has it taken EY 2 months to finalise? It also doesnt help that margin calls by Awang continues!

Something just a miss with these statements by SDB BOD n Mgmt!

For now, despite losses, will not average down unless some clarity comes out!

Pls lah, as silly as KPMG is made out to be , these conflicts and versions of addresses, telephone numbers, receptionists, missing visits do not display the "LOSSES" being contended!

If these are the only defences available to SDB Directors and Management, believe me, as a person who had engaged senior role folks in top 4 accg firms.....these are smoke screen!

My personal take is that there are issues to be sorted...if these are the things that EY had to do specials on, surely EY should have released results of it's SIR, a mnth ago!

Such insidious delay speaks volume...well, I am off to take position in SDB soon to average down my cost! Why the delay to release the audited results, as SDB surely would have it's accs ready for audit!

AT worst, SDB's NTA cant be worse than current price levels!

DOnt expect PM to be named during trading hrs...most likely later in the day or over the weekend after Prliamnet's endorsement

Why stuck at 75 sen?

Pls don't bring in religion to this secn.....it is setting a bad example...same way as the Majority is doing to education!

If you love yr religion so much, treat it with respect so that it wont be disrespectfully looked at

so far so good...EY should be able to surmise an interim report by now...news had leaked out by now...So, why isnt SD falling?

SERBA is down...can only mean that the interim special audit report is not favourable!

stay away for good from INSAS...teach them lesson!

Many got cheated out the last many "ROUNDS"

Never touch this Phuan stock...all tipu punya kerja!

Surprised that KOREAN TELECOM n TM fell for them once! This Kipple pay is not something unusual, not an out of world thing, even lower grade than T n G!

Keep away pls, there are so many operators BUT you dont need this kind of fellows stock to play with!

They have a huge NEON signboard above the building they have rented in PJ...It is so brightly lit that the signboard is visible 5 Km away and silly enough, when no traffic at Fed Hiway, they keep their lights on from 7-7! How more silly that they can be?

SOmeone should report him to be PENGKHIANAT!

SUch lowly schooled lawyer of PAS from KOTA BAHRU Pembohong!

There i still a buy call even now at 86 sen!

Betul kah?

IS there any corporate activity at CGB?

RM1.82....how much more? RM2?

Jutawan senyap - whats yr worldly wisdom view of CGB?

14 sen up today!

What's happening?

STAY AWAY.....Let them burn themselves!

A "signal advisor" been recommending buy of PASUKGB at current levels, saying that there is momentum in the signal!

Anyone aware?

Pls share the merits if any in these advice?

Gtrade ken2004 thanks for yr sharing

Thanks greenbucket for yr forthrightness.

If only others here will share their experiences instead of their ramblings and unrelated stories and accusations.

Can we have a more professional comments pls, strictly on facts and known events as well as projections?

bosses have given commitment to pick up 1 mil shares each only! So, who are the rest!

RO was not fully subscribed. Technically the price should be just above 10 sen, given the basic NTA calculation and the loss making nature of this company

Easy 10 sen, go and grab it!? or should you not?

Let me know, if my understanding is correct!

Its 10 sen/RM3.10, 3 % return in a day! Annualise it???

The RM3.10 offer is excluding the INTERIM DIVIDEND of RM0.10!

GO GO GO!

Tomorrow. ie 13 July 2021, IJM plant will be at ex div, thus, those holding it today will get the 10 sen dividend! Its being bid at RM3.08 now!

Technically, it should be adjusted downwards by 10 sen, which "technically" could be at RM3! But with KLK's takeover offer at RM3.10, surely, parties friendly would want to take up at low price!

So, there is another 10 sen upside, in the event takeover is on!

EY cant be far from KPMG's findings but there will be alternatives which will take time to wear it out...SD has bought time and better use it to the best, not to play play game!

Time and tide waits for no one!

It is very rare to appoint an ex PDRM personnel into directorship of PLC's in Malaysia, - with due respect to any PDRM officials! The PLC directorship is not one where one can dispense with instructions and accept the shareholders to abide by it! The same goes to ex- BURSA official.

In this instance, having ex-govt officials, esp from certain agency and that having been involved n certain discipline whilst their term of duty there could give negative impression rather than providing a much needed assurance. It could allude to impression that having such persons could in a way "neutralize" any investigations by such bodies!

SERBA should be more careful of the next few INED's appointments...we have seen how autocratic decision of company in challenging EX auditor, its threat to remove them and resignation of many INED's had affected SERBA"s image and along with it share price!

SERBA BOD nomination committee should be more wary of such appointments! Wonder what they were thinking with these 2 appointments!

This political situation will be fluid until a replacement PM chosen and one who can lead the country t election soon after herd immunity!

contra traders will be dumping, so no need to worry of the price..tere is always a need for the main director to ensure price is held up, so that no forced selling!

After today, it will be certain that those who were on contra trade, will jump in!

If SD were to believe its own word, then, they would move quickly to appoint I NED's and auditor! As well as ESOS, at current prices and what more, a white knight to hold on to shareholdings for some time!

Dont discount possibility of State entities, PNB, EPF being asked to come in to support by far what used to be a credible BUMI company!

Didn't get here to bad mouth anyone...be a person to stand up to yr thinking....NO need extra fluff and getting into throwing punches!

EY - is not an auditor n this scenario. Their assignment is specific and confined to defined and agreed procedures n scope. Rather limited one, is on the findings of KPMG! Their terms of engagement was reported to have sought KPMG's cooperation!

With these in place, one can expect them to provide a quick update and finalise their scope of work! Hope the many who have spewed otherwise understand this!

When you want a wider audience, pls use a language thats common to a larger grp!

https://www.theedgemarkets.com/article/serba-dinamik-share-price-opens-after-co-said-formalised-eys-appointment-special-independent

Whatever they do, will not take away the issues raised by KPMG! Doubt if any other top 4 accounting firms will be able to better KPMG's findings, unless in the time being matters attended to or alternatives found.

The only way for SD to get out of this mess is to bring in solidly multiracial Independent NED's (something impossible as their current Management is incapable of dealing w Independent minds), entire new BOD members, be in daily communication and be transparent about it, new shareholder and many more.

Would they?

Any one have an idea as to when EY will issue their report?

I doubt if they can com out w totally opposite of KPMG's....these are standard auditors!

AT the rate the trades done and its bite size, the T+2 folks will start dumping tomorrow n wednesday!

more like it!

But lets do a quick check...these RO's though needs to be exercised by end tomorrow, doesnot come into immediate listing and quotation!

So, that leaves these GENG more time to goreng before the theoretical price kicks in!

Betul kah CKT? Whats the time frame?

See, its high at 32 sen now! More leg?

Well said bojed n aldehid....my expectation is that there will be some upward surprises on this stock this week...Other than enticing to subscribe to rights, other developments could be the story. Many positive "signals" are being laid ahead

AlibabaInf- whats the basis of yr position?

by now, the directors would know as to how much RO been subscribed up till now...It just doesnt make senses for the GENG to push up the mother share price for now as there is no new price sensitive news on this counter.
If any, every sentiment here is that the theoretical price of PKGB would be just above 10 sen, should the RI be subscribed in massive way. Thus, current price seems runaway...and no need for GENG not to support it even after 6 july - ie the last date to subscribe!