Dont compare Serba tak kena with Armada.. here the boss is a big time conman..manipulating bursa to enriched his pocket.. while AK can still be considered genuine businessman. that time Armada going through many misadventur business endaveour, here..Kalim tipu kaw2 everybody.
Good morning, wait for the SIR and suspension will be lifted, if all the experts here so good In fortune telling, why didn't predict the delay of SCIB account previously? All are guessing and speculating in the name of helping . There is no too high or too low, invest with your comfortable fund and do own judgement.
Please go read The Edge edition today. Give you a clear update what is happening. Don't listen to all the pom pom girls telling it is fine.
In summary. Bursa has asked SD to announce finding. But SD say it is not complete and does not affect market price or investors. Bursa must be not smart and does not know what affect market price and need SD to tell them! So Bursa just suspend.
Well up to you to decide whether finding are positive or not.
Very funny!! The nay sayer say fan want the suspension to be lifted and yet nay sayer are the one desperate in lifting the suspension ~~ Maybe because they had created the panic and yet the price is locked !! Wakaka Effort wasted~~
Most holders dont mind waiting till the SIR before the shape open again because we can prevent it from dropping while Serba focus on the SIR~~ And when Serba focus on something, almost all the time it will be positive !!
Huat arr ~~ Time is your friend!! from the best investment guru
Investors are very confident SD share will trade below 0.20...i suppose DK mean while may be working on strategies to sell off part of his stake in SD ...lolll
Nay sayer created so many negative and panic and yet once the positive SIR is released and the share open again, their effort really get wasted!! Lan par par lan ~~ wakkaka
Continue to create that negative thought la … because i know it make you feel better from your FOMO for not buying before it got suspended !! I know you cant sleep because of that and yet all the share holder sleep like a baby~~ LOL
Just wondering why you actually put yourself in such situations?? Maybe because of your incompetence in spotting a good cash cow ?? Maybe you can go back to school again to learn~~ small kid
A cloudy lens. A foggy mirror. Curious eyes, all flutter shut. No truth is seen, but lies unveiled. If I do not look, I cannot see. Encumbered bodies, mingle with injured hope. Our souls are slaves, to unending movement; I wish to be set free. ......................
Group MD and CEO Datuk Dr Mohd Karim Abdullah said the SIR auditor, Ernst & Young Consulting Sdn Bhd (EY), needs the company to clarify a few things before proceeding to release its audit findings.
He added that the questions raised by EY were related to operational matters as business conduct differs across countries Serba Dinamik has operations in.
“Hopefully the easing of standard operating procedures on Covid-19 restrictions in different countries can help to expedite the verification process. It depends on agreement or cooperation of all parties involved,” he told The Malaysian Reserve when asked about the date the group will be able to announce the findings.
#mrbusiness Do you really believe there is happy ending for Serba Dinamaik??? 28/10/2021 7:24 AM
You want happy ending, come join Mabel in Plantation.
alternatively, you can join Mabel in Inari..
Full year 2021 earnings released: EPS RM0.10 (vs RM0.049 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins.
Full year 2021 results: • Revenue: RM1.43b (up 35% from FY 2020). • Net income: RM330.5m (up 112% from FY 2020). • Profit margin: 23% (up from 15% in FY 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Serba needs more time, So time she will have..Let them do their job after all they do work for us..
There's more than 1000 companies in Bursa to look forward to...
In this connection, under paragraphs 2.23 and 2.24 of the Main Market Listing Requirements, Bursa Securities had today issued a directive to SERBADK to:
a) Appoint, by 2 July 2021, an international accounting firm or and accounting firm, with an international affiliation, that has adequate experience and resources, to undertake the SIR to address the concerns raised by KPMG;
b) Ensure that the appointed accounting firm or its affiliates have a presence in Bahrain and such other overseas locations, where the customers and suppliers SERBADK are located, as highlighted by KPMG;
c) Ensure the scope for the SIR is as agreed between the Audit Committee and Ernst & Young Advisory Services Sdn. Bhd., where the scope was shared with Bursa Securities on 15 June 2021 or as instructed by Bursa Securities; and
d) Allow the appointed accounting firm to undertake the SIR and report directly to Bursa Malaysia and the Securities Commission Malaysia periodically on the progress of the SIR and the findings upon completion of the SIR.
This directive is issued to ensure the issues highlighted by KPMG are addressed in a timely manner and provide clarity to the market.
Trading at 18.5% below our estimate of its fair value
Earnings are forecast to grow 15.28% per year
RISK ANALYSIS
Debt is not well covered by operating cash flow
High level of non-cash earnings
Unstable dividend track record
Volatile share price over the past 3 months
Future Growth Forecast
Earnings vs Savings Rate: SERBADK's forecast earnings growth (15.3% per year) is above the savings rate (3.6%).
Leadership Team
SERBADK's management team is seasoned and experienced (6 years average tenure).
Ownership Breakdown
State or Government 4.4%, 147,000,000 shares General Public 4.8%, 162,240,114 shares Institutions 25.8%, 871,390,934 shares Individual Insiders 65.0%, 2,192,163,030 shares
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Earnings vs Market: SERBADK's earnings (15.3% per year) are forecast to grow faster than the MY market (10.1% per year).
Financial Position Analysis
Short Term Liabilities: SERBADK's short term assets (MYR5.5B) exceed its short term liabilities (MYR2.2B).
Long Term Liabilities: SERBADK's short term assets (MYR5.5B) exceed its long term liabilities (MYR2.4B).
Current Dividend Yield Vs Market & Industry
SERBADK's dividend (15.57%) is higher than the bottom 25% of dividend payers in the MY market (1.52%).
High Dividend: SERBADK's dividend (15.57%) is in the top 25% of dividend payers in the MY market (4.17%)
Summing up...
If you can tahan, wait lar If you cannot, sell lor
The Big Money is not in the Buying and Selling, but in the Waiting...
The Government of United States of America and also USGS is now the enemy of Serba
Fanboys claim that someone bought over the Government of United States of America. Thats why the Government of United States of America via USGS produced satellite maps that showed empty land where Serba completed plants were supposed to be.
Government of United States of America deliberately showed a fat rat eating McDonald cheeseburger and a fat old lady sunbathing naked on said empty land purportedly someone who always meows in i3 forum.
Government of United States of America deliberately showed a fat rat eating McDonald cheeseburger and a fat old lady sunbathing naked on said empty land purportedly someone who always meows in i3 forum. 28/10/2021 7:45 AM
Feel Sorry for her.
Here a good tip from Mabel. Take Swimming and Ballet. Sure can maintain 38-33-38
For Ballet, go for the Bournville movement. This Bournonville style is more romantic tone while telling a clear love story just like what our Snow White has been sharing..
The movements appear effortless while in essence they are very technical. The dancer exudes fluidity and musicality. It is a highly refined style that pays particular attention to detail. Bournonville style reaches to the heart with its expressions and romantic overtures. It will be fun as this style looks so effortless just like Mabel's Investment in Serba Dinamik...
State or Government 4.4%, 147,000,000 shares General Public 4.8%, 162,240,114 shares Institutions 25.8%, 871,390,934 shares Individual Insiders 65.0%, 2,192,163,030 shares
To be honest, what we discuss here does not make any difference..
All of us only hold 4.8% of Serba. Usually the silence the majority are the main holders.
I have worked in one Big 10 audit firm where it is compulsory to cross check own audit files rather than send confirmations.
For KPMG, bamboo curtain applies where every audit file is P&C by itself and audit confirmations of balances are always send out.
I speculate its just serendipity at work for KPMG where they must have rotated audit staff and said audit staff knows that there is no such contract in existence. So secret is out and all HELL broke loose.
KPMG could have had been cheated all these years by "incorrect" audit confirmations.
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Raiz368
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Posted by Raiz368 > 2021-10-28 00:16 | Report Abuse
EPF and others GLC as shareholder must do something for SD to settle the cases