Posted by spyking > 2021-10-24 19:46 | Report Abuse

So who collected Karim’s warrant? 4 million? Ikan bilis has so much money?

Posted by Just88 > 2021-10-24 19:52 | Report Abuse

i m confused. Those who are positive on SD believe that the SIR has positive outcomes ? Or they believe that the price of SD will go up even if the outcomes of the SIR is negative ?

Posted by armadatuah2017 > 2021-10-24 19:52 | Report Abuse

warrants cheap ma...bilis can afford

Posted by Buylowandrun > 2021-10-24 19:56 | Report Abuse

tomorrow sell down and run............................................................
finish liao la karim counters

Posted by Just88 > 2021-10-24 20:01 | Report Abuse

I m 100% sure that if the SIR is positive, SD will limit up on opening for trading. But what if the SIR is negative ??

Posted by Depeche > 2021-10-24 20:06 | Report Abuse

Tomorrow SD still suspended....SIR not out yet ma

Posted by Buylowandrun > 2021-10-24 20:08 | Report Abuse

Just88 Negative la haha

Posted by Just88 > 2021-10-24 20:16 | Report Abuse

There is no need for argument here on the outcomes of the SIR because the share will remain suspended until after the SIR is released to the public. The point for argument is whether the price will go up or tank if the SIR is negative. Anyone believe the price will still go up if the SIR is negative ? If so, Why ?

Posted by straightarrow > 2021-10-24 20:21 | Report Abuse

Pak Karim will support SCIB and KPower until the SIR announcement.

Posted by armadatuah2017 > 2021-10-24 20:23 | Report Abuse

he will not support because he knows SD is the key for the pther teo recovery

Posted by armadatuah2017 > 2021-10-24 20:23 | Report Abuse

if SD fall, those 2 will fall

Posted by armadatuah2017 > 2021-10-24 20:23 | Report Abuse

because SD is their Clients

Posted by armadatuah2017 > 2021-10-24 20:24 | Report Abuse

Foochow plus Muslim, Pak Karim can overtiurn and kill all naysayers

Posted by gohkimhock > 2021-10-24 20:29 | Report Abuse

the SIR needs to be released first before suspension can be uplifted. I know SC is very strict on this. Perhaps this is the only enforcement unit left in Malaysia with integrity..

Posted by armadatuah2017 > 2021-10-24 20:29 | Report Abuse

integrity my arse la.

Posted by armadatuah2017 > 2021-10-24 20:30 | Report Abuse

intentionally suspension out for certain interests of certain group

Posted by Just88 > 2021-10-24 20:36 | Report Abuse

As the SIR is verifying the identity of 11 customers and suppliers, a negative outcome means SD is falsifying trading accounts. This has very serious implications. The financial statements are no longer true and fair.

Posted by straightarrow > 2021-10-24 20:36 | Report Abuse

Posted by armadatuah2017 > Oct 24, 2021 8:30 PM | Report Abuse

intentionally suspension out for certain interests of certain group

U have info....please share. Thanks.

Posted by Huatexpert > 2021-10-24 20:38 | Report Abuse

Since the Serba counter had been suspended... Those shares which traded within T + 2 how ya..
Those pp had sold the shares cant get the money and those who bought also with capital stuck at there..
This last minutes suspended has cause quite amount of capital stuck there pending further announcement before trading again...
No SIR announcement, no trading for Serba
After SIR announced, it could stop trading for one more day..

Kindly be advised that Bursa Securities had today issued a directive to SERBADK to:

(a) make an announcement on the findings from the Factual Findings Update on the Special Independent Review by 26 October 2021;

(b) announce Bursa Securities’ directive immediately; and

(c) impose a suspension of trading on SERABDK’s securities on the next market day after the directive deadline, in the event of non–compliance to the directive.

https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=5279

Posted by i3lurker > 2021-10-24 21:28 | Report Abuse

Question => Does those Receivables exist?

if those Receivables exists, why Serba refuse to announce SIR?

Chaos is the new cocaine.

Posted by i3lurker > 2021-10-24 21:33 | Report Abuse

maybe earnings understated as reported by SIR,

earnings should be RM900 Billion but due to typo error under-reported in prior years???????????

Posted by Huatexpert > 2021-10-24 21:34 | Report Abuse

Cumulative earning of Serba is almost equal to Trade receivables...the amount close to RM 2 bil.
Serba is not good in collecting money from clients or does the clients receivable exist ?

Posted by Huatexpert > 2021-10-24 21:49 | Report Abuse

Why Serba want to acquire a supplier and customer at Bahrain ?
Sound very suspicious...SIR report will know...

It is also looking into purchases from six local suppliers; IT contracts and transactions involving six customers and two suppliers, as well as the revenues and costs involved; and the transactions and balances involving one customer and one supplier in Bahrain.

https://themalaysianreserve.com/2021/09/23/serba-dinamik-looking-at-fast-cash-generating-projects/

SIR item required E & Y to verify...

(C) Further information relating to customer and supplier in Bahrain

Office address cannot be located on physical site for the supplier and customer

KPMG has noted fax contact number of the customer as indicated in the official website is registered under one of the group’s employee but using ‘Truecaller’ application.

https://www.theedgemarkets.com/article/kpmg-raised-audit-issues-transactions-involving-over-rm3-billion-says-serba-dinamik

Posted by Jack Khan > 2021-10-24 21:56 | Report Abuse

Datuk Karam already expected the share price will be low for long time that is why he sell his warrant!

Posted by EVO118 > 2021-10-24 21:57 | Report Abuse

interFund
Are you going to take the safer play by cashing out your profit at 0.65 first and wait to come back to fight another day?

Posted by Huatexpert > 2021-10-24 22:00 | Report Abuse

Based on latest QR, revenue contribution from Bahrian look quite bad....drop 90% from last Q...
What happened to Bahrian Customer...
Can make a call to the customer to know the reason...
KPMG suspected the customer located at Malaysia...

QoQ. Core profit was down -87% due to weaker performances from all of its business divisions, peculiarly its O&M segment. Regionally, we note lower revenue contributions from Malaysia (-6%), Saudi Arabia (-67%) and Bahrain (-90%).

Posted by EVO118 > 2021-10-24 22:01 | Report Abuse

InterFund
Not everyday you get a chance to ride a ROCKET, if it happens.

Posted by Huatexpert > 2021-10-24 22:04 | Report Abuse

Round 1 Serba vs KPMG..
I bet for item below the winner is KPMG....

SIR item required E & Y to verify...

(C) Further information relating to customer and supplier in Bahrain

Office address cannot be located on physical site for the supplier and customer

KPMG has noted fax contact number of the customer as indicated in the official website is registered under one of the group’s employee but using ‘Truecaller’ application.

Posted by newtrader1989 > 2021-10-24 22:13 | Report Abuse

Lolz Its ok no need to do such hard work when we already know that the report will be out soon. Just be patient wait and see

Posted by i3lurker > 2021-10-24 22:17 | Report Abuse

maybe earnings should not be RM900 Billion

since its so easy to make money ......... Serba earnings should be RM900 Trillion

maybe SIR says correct PBT earnings should be RM900 Trillion... its all under reported in the past?

Thats the real reason Serba refused to issue RM900 Trillion report?

Posted by i3lurker > 2021-10-24 22:20 |

Post removed.Why?

Posted by brianklc > 2021-10-24 22:22 | Report Abuse

maybe the SIR discovered tht Serba has 100k BTC stashed in a HDD n forgotten, since it’s significant so need more time to validate. Incidental findings.

Posted by i3lurker > 2021-10-24 22:28 | Report Abuse

agree

no worries
will take more than 20 years to verify

suspended for 20 years no problemo


just wait



brianklc maybe the SIR discovered tht Serba has 100k BTC stashed in a HDD n forgotten, since it’s significant so need more time to validate. Incidental findings.
24/10/2021 10:22 PM

Posted by Yu_and_Mee > 2021-10-24 22:37 | Report Abuse

so tomorrow no resume trading? then tomorrow monitor kpower and scib will know what will happen to serbadk

Posted by solomolo > 2021-10-24 22:53 | Report Abuse

.......

Tahun Kewangan Berakhir 31 Disember / 30 Jun

2021 2019 2018 2017 2016

18 bulan 12 bulan 12 bulan 12 bulan 12 bulan

PENYATA KEWANGAN UTAMA PENDAPATAN KOMPREHENSIF

Hasil
8,606,169 4,528,621 3,283,174 2,722,318 2,168,328

Keuntungan Kasar (GP)
1,425,411 810,834 582,324 483,933 373,717

Pendapatan Sebelum Faedah, Cukai, Susut Nilai &
Pelunasan (EBITDA)
1,522,690 835,448 565,122 451,125 335,897

Keuntungan Sebelum Cukai (PBT)
848,403 544,828 437,625 346,071 267,934

Keuntungan Selepas Cukai (PAT)
758,382 497,983 392,842 304,792 245,809

Keuntungan Bersih Yang Boleh Diagihkan Kepada
Pemilik Syarikat
759,980 496,640 391,477 308,087 245,997

PENYATA KEDUDUKAN KEWANGAN
Modal saham
2,291,512 1,344,347 1,344,347 928,194 531,800

Jumlah aset
8,554,017 6,418,010 4,370,755 2,560,418 1,986,832

Ekuiti pemegang saham
3,885,821 2,432,725 2,088,175 1,383,852 809,213

Aset Bersih
3,906,100 2,439,885 2,092,265 1,387,729 817,142

Wang Tunai dan Setara Tunai
497,412 1,306,590 760,791 300,778 187,353

Jumlah Pinjaman
3,939,954 3,339,527 1,711,456 706,042 639,661


.........

Posted by solomolo > 2021-10-24 22:58 | Report Abuse

........

Tahun Kewangan Berakhir 31 Disember / 30 Jun
2021

PENYATA KEWANGAN UTAMA PENDAPATAN KOMPREHENSIF

Hasil
8,606,169

Keuntungan Kasar (GP)
1,425,411

Pendapatan Sebelum Faedah, Cukai, Susut Nilai & Pelunasan (EBITDA)
1,522,690

Keuntungan Sebelum Cukai (PBT)
848,403

Keuntungan Selepas Cukai (PAT)
758,382

Keuntungan Bersih yang Diagihkan kepada Pemilik Syarikat
759,980

PENYATA KEDUDUKAN KEWANGAN
Modal saham
2.291.512

Jumlah aset
8,554,017

Ekuiti pemegang saham
3,885,821

Aset Bersih
3,906,100

Tunai dan Kesetaraan Tunai
497,412

Jumlah Pinjaman
3,939,954


https://www.e-serbadk.com/financial-information/
................................

Posted by solomolo > 2021-10-24 22:59 | Report Abuse

Jumlah pinjaman Serbadk bagi 2020/2021
3,939,954 bilion

Posted by lee901 > 2021-10-24 23:09 | Report Abuse

Who still hold serba?
High chancr delister alr.

Posted by InterFund® > 2021-10-24 23:13 | Report Abuse

I cannot sleep knowing my funds are going to hit first billion dollar next week..................

Posted by newtrader1989 > 2021-10-24 23:22 | Report Abuse

Hahahaa lolz. Billion dollar people have no time to waste here chatting. You are really very down to earth

Posted by FSX123 > 2021-10-24 23:26 | Report Abuse

Rm0.11 coming

Posted by armadatuah2017 > 2021-10-24 23:28 |

Post removed.Why?

Posted by solomolo > 2021-10-24 23:31 | Report Abuse

agaknya mereka fikir serbadk ni jual dadah..hasil 8 billion...hutang hanya 1 juta kot...LOL

Posted by Mabel > 2021-10-24 23:55 | Report Abuse

Good night to all Serba Millionaires..

Sleep like a baby...

Life is so beautiful..

Meow

Posted by Riaz1954 > 2021-10-25 00:33 | Report Abuse

Battleship crap!

Posted by FSX123 > 2021-10-25 00:57 | Report Abuse

Rm0.11 is coming

Posted by FSX123 > 2021-10-25 00:57 |

Post removed.Why?

Posted by FSX123 > 2021-10-25 00:57 | Report Abuse

Everyone invested in SD is losing money.

Everyone on sidelines is saving money.

All the old promoters gone in hiding or reborn using dupe account.

No doubt EY will confirm KPMG findings.

Dont be in the same room when shit hits the fan.

leno at 70 sen say hold until appoint new chairman
at 60 sen say hold until appoint EY
at 50 sen say hold until appoint new auditor
at 40 sen say hold until quarter report out
at 30 sen say hold until EY result out
at 20 sen say hold until bursa take action
at 10 sen say hold until suspended
delisted at 1 sen.

Posted by FSX123 > 2021-10-25 00:58 | Report Abuse

Kpmg has resigned as auditors of SD.

This is not because they are scared or they admit they are guilty.(Pls dont misunderstand).

Auditors are generally required to be independent and objective during an audit, because they are responsible to issue an opinion on the truth and fairness of a company's financial statements(f/s).

They cannot be seen to be siding the directors due to fear or favour. Instead, they should be protecting shareholder's interests.

Board of directors are responsible over the preparation of f/s, and the f/s are then audited by the external auditors. The auditors will then issue their opinion to shareholders.

Notice there is a 3 party relationship here.

1)The auditors who audit the f/s, and

2)Directors who are responsible over the preparation of f/s and

3) The shareholders, who are the recipient of the f/s and the auditor's opinion.

Auditors work for the shareholders and not the board.

The board cannot exert their power or influence on the auditors. The legal case initiated by the board, however, shows otherwise.

So,

KPMG has no choice but to resign because they will no longer be able to audit the f/s objectively, there is now a perception that kpmg may compromise in the audit due to the fear over the outcome of the legal case.

(So, the safest thing to do, is resign, and this is the message to shareholders. Resignation is also strongly recommended by auditor's code of ethics)

The board's decision to take a legal action on KPMG represents an intimidation threat, where the board can be perceived as saying, you either accept what we say or face the consequences of the legal prosecution. (Although their true intention maybe something else)

The question now is:

Was there a need to take legal action on the auditor while the audit is not complete and call for a press conference to condemn the auditor, instead of explaining and solving the issues in hand?

Didnt the audit committee give a warning to the board about how a legal case will affect auditor's independence?

A legal case is a serious issue. Wasn't this discussed with all major shareholders? Did they call for an egm to discuss with shareholders, especially the majority or institutional shareholders, before proceeding?

To get more clarity,

We need to know who are the top 3 major shareholders of Serba Dinamik and whether they were consulted before the legal action was taken.

At the end of the day, KPMG will still need to face the legal case and protect their own reputation, and in the process, have to let the shareholders and authorities know their side of the story, with proper evidence.

This is not only about audit and accounting, its moving towards wider governance issues..

Lets see what happens next.

Posted by FSX123 > 2021-10-25 00:58 | Report Abuse

The journey so far:

Since red flagged, SD down from RM1+ to 30c level now.

Promoters been saying buy buy buy.. buyers who listens are all stuck
70c
60c
50c
40c
Plenty here stuck at above floors

30c seems impossible and we have promoters saying chop dick if it happens. Well no show apparently:

Be a smart investor, throw away all the noises. No matter what promoters say, they don’t dictate price nor have insider information . They are paid to do this job.