"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you'll do things differently." - Warren Buffett
Unfortunately, Karim's reputation is as good as gone until the audit thing is resolved. Which will last until August. Not a buy or sell advice, just know that market sentiment for his stocks are bad and will take a long time for him to repair.
Got more cheaper price or not? I expect some private placement again to third parties like IB to fund 1 bil plus order book.Director buy some own company shares larh…edi dispose warrants earn edi 1mil plus masuk pocket edi…hehe
from this news we can know there are still many intraday traders and short term players here. They have to sell at 1.4x because they have no holding power.
Deloitte would not have simply requested its publicly-listed client to appoint special audit unless under extraordinary circumstances because it is tantamount to breaking its own rice bowl...
karim is only big holder but does not manage this company at all, the problem company is serbadk not kpower. The news wont effect kpower profit at all. Could collect at low price due to bad news that doesnt effect kpower profit. And the price is currently recover from today low of 1.4.
not caring about the reputation. I rely only on facts and figures. If steel price is still on the high side, do not collect now, all solar project order book are losing money now.
is a golden oppurtunity to collect cheap.... remember 2 years ago Inari dropped to 1.2+ when there was rumour that qualcomm is losing contract from apple... haha who bought it now huatx3
Be very careful of 3 sarawak counters ie. Serba Dinamik, Kpower & SCIB. What is the common denominator ? There is one Abdul Karim in all these 3 companies. He is like Rozali like Puncak Niaga. They will make sure minority shareholders are milked dry. Stay away. I heard KPMG refused to sign the audit report of SCIB ie. clean report cannot be issued. So looks like they will qualify the audit report.
Lol! It's like all Petronas related listed company all same entity. PETGAS PCHEM PETDAG are all different. Even though some of their board members are the same, they're run independently and impose different risk from each other based on their business nature. The same can be said with Berjaya (BJCORP BJFOOD BJLAND) and also Syed Mokhtar controlled companies (MMC GASMSIA MALAKOF DRB-HICOM) and etc.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sayangawak
540 posts
Posted by sayangawak > 2021-05-27 10:05 | Report Abuse
Better run than nothing left