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!