. A monumental and morale boosting achievement by SD. Re-rating agencies together with the consortium of financiers / fund managers / assets managers, have agreed that re-rating process can proceed. Well done SD!
@1st November 2021 Details of Key Action Indicators. Lets run the show for the better of SD.
COMPLETED ACTIONS FROM DETAILS BELOW - Restructure company to greater heights - more contracts/projects, focus on customer. - Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR. - Manage cash flow and forecasts. - New financing initiatives will not involve Private Placement. and Rights Issue. - EY will provide finalised SIR to Bursa. - Bursa to request SD to announce SIR findings. - Complete 2020 audit and annual report as planned. - Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021). - Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process.. - Meeting with current financiers. Initiate re-rating process.
Shareholders' Mandate - Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress
Business Development - Re-engage lost and new customers and continue to win more contract/projects - in progress - Provide more innovative and new products and services to customers world wide. - In progress
Operations / Project Management / Procurement - Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress - Continue to delivery on projects within customers expectations and satisfaction on time.
Finance - Manage collections and expenditures - In progress
Governance - Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress. - To deliberate offer by KPMG to resolve legal issue. - In progress. .
ǷearlꙌhite . A monumental and morale boosting achievement by SD. Re-rating agencies together with the consortium of financiers / fund managers / assets managers, have agreed that re-rating process can proceed. Well done SD!
#ǷearlꙌhite . A monumental and morale boosting achievement by SD. Re-rating agencies together with the consortium of financiers / fund managers / assets managers, have agreed that re-rating process can proceed. Well done SD!
@1st November 2021 Details of Key Action Indicators. Lets run the show for the better of SD.
COMPLETED ACTIONS FROM DETAILS BELOW - Restructure company to greater heights - more contracts/projects, focus on customer. - Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR. - Manage cash flow and forecasts. - New financing initiatives will not involve Private Placement. and Rights Issue. - EY will provide finalised SIR to Bursa. - Bursa to request SD to announce SIR findings. - Complete 2020 audit and annual report as planned. - Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021). - Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process.. - Meeting with current financiers. Initiate re-rating process.
Shareholders' Mandate - Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress
Business Development - Re-engage lost and new customers and continue to win more contract/projects - in progress - Provide more innovative and new products and services to customers world wide. - In progress
Operations / Project Management / Procurement - Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress - Continue to delivery on projects within customers expectations and satisfaction on time.
Finance - Manage collections and expenditures - In progress
Governance - Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress. - To deliberate offer by KPMG to resolve legal issue. - In progress. . 03/11/2021 9:43 PM
Now SD has made monumental strides in finalising the SIR, in the process of re-rating and furnishing AR 2020 and QR 30/9/2021 on time, lets focus on the next issue of
"Should SD consider KPMG's proposal to settle the legal action undertaken by SD?"
What would you advise SD to do?
a) Proceed with the claim of RM4billion + through the courts b) Enter into discussions for a financial settlement favourable to SD c) Give a KPMG a slap in the wrist and let bygones be bygones.
You can assume that the results of the SIR has no impact on the previous QRs and the upcoming AR.
Share your thoughts.
Thanks.
--------
Thank you Snow White for bring this on the Table. Here are Mabel's suggestions..
1. Go for Option b). It's Fast and Furious but Efficient.
2. Based on Budget 2022, most likely scenario, many companies will do all sort of credit provisioning, impairment in FY22 to make sure profit cap at 100 Million. So, Dato Karim, if you are reading this, do take this opportunity to clean up the necessary so that our Serba Interceptor Battleship will come clean as we move into 2023...
3. Serba’s IT arm is one step closer to becoming a non-bank e-money issuer.
4. Serba Dinamik will benefit from Budget 2022- Matching grant of RM100 million for Bumiputera SMEs to explore aerospace industry. This definitely something for Serba to go to the moon. So nice Goodies for upcoming Serba Future Millionaires...
These operators AKA Penipu dan pembohong saham kutip untung DI ATAS KERUGIAN KAMU
PS : I have been warning people non stop since 4 Oct every single day. Look at my comment history. Every single one of my warning comes true. Hari2 operator ni akan hina saya kerana mereka susah nak tipu orang akibat daripada usaha saya
Dat Karim said NEXIA is working day and night to get the AR out before Bursa's dateline.. if that doesn't materialise, all stakeholders will have zero hope left.
bobvic96 630 posts Posted by bobvic96 > Nov 3, 2021 9:50 PM | Report Abuse
ǷearlꙌhite . A monumental and morale boosting achievement by SD. Re-rating agencies together with the consortium of financiers / fund managers / assets managers, have agreed that re-rating process can proceed. Well done SD!
Depeche 3919 posts Posted by Depeche > Nov 3, 2021 11:24 PM | Report Abuse
Dat Karim said NEXIA is working day and night to get the AR out before Bursa's dateline.. if that doesn't materialise, all stakeholders will have zero hope left.
Too many empty reassurances don't reflect well on one's credibility....u say u will do something, u must do it... gotta walk the talk...and always follow given datelines and regulations....SIR may be out of SD's control... but they have to make sure AR is out on given dateline.... especially now that Fitch downgraded on their risks of missing debt payment datelines.... with no financing from banks...can SD power on? Gotta roll up their sleeves now.... it's a race against time, and the mgt clearly had problem observing given timelines... let's see if holders' faith will be rewarded in the end.
Secret admirer now giving advise on credibility ~~ Please la … First, they say gonna pn17, then delisted, then bankrupted and now want to teach people about credibility!! They should really look at the mirror before they comment~~ Maybe they are just running out of ideas already !! Wakaka
There is so many counters in bursa and yet the secret admirer only mingle in serba counter ~~ Why is that so ?? If someone is not interested on something, they wont waste the time and effort broadcasting their concern & fake negative news UNLESS they are looking for cheap ticket !! The fact is they are in love deeply with Serba but dont have the financial capacity to buy at the current price ~~ in other words, a cheap skate behaviour… LOL
What can i say ~~ Serba have tremendous uptrend potential once the SIR is settled and with their order book at over RM 18 Bils, everyone will be looking to get their share of the cake~~ Between the KPGG scandal is actual a good thing for people to get cheap ticket on a fundamental strong company AND is good for the company to get a additional financial compensation once their innocent is proven!! Thanks for the aided settlement in progress~~
just relax..actually they don't have a counter to play..and they don't have enough money...that's why they hang out here...everyday they say karim's name...karim..karim..karim .. .haha
Honesty: You sure on what you say? Once open after suspension if investor bought serbak and it got suspended again or not able to recover their capital, you will help to recover their investment?
#Aiw Siow https://www.malaysiaexpo2020.com/ Why serbadk still can be official premier partner.company many problems still can represent Malaysia..... 04/11/2021 7:50 AM
Here's why ...
Serba Dinamik are an international energy services group providing engineering solutions to the O&G and power generation industries with operational facilities in Malaysia, Indonesia, UAE, Bahrain and the UK. Under engineering solutions, we provide O&M services and EPCC works. Of course they should be there!
Serba Dinamik Sdn Bhd provides integrated engineering, contracting, and maintenance services. The company also offers system integrator/packager, operation and maintenance, trading, training, and information technology services; and procurement, construction, and commissioning services.
While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed.
The Company generates 16 consecutive profits and dividend to it's shareholders. The current hiccup is governance which will be resolved soon.
Personally, Mabel like to see high insider ownership of a company, since it suggests that it will be managed in the interests of shareholders. So we're pleased to report that Serba Dinamik Holdings Berhad insiders own a meaningful share of the business. Actually, with 47% of the company to their names, insiders are profoundly invested in the business. I'm reassured by this kind of alignment, as it suggests the business will be run for the benefit of shareholders. And their holding is extremely valuable at the current share price, totalling RM2.8b. Now that's what I call some serious skin in the game!
Mabel like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Serba Dinamik Holdings Berhad maintained stable EBIT margins over the last year, all while growing revenue 34% to RM 18 b. That's what I call progress.
Moving forward, here are Mabel's suggestions to Serba ..
1. Go for Snow While Option b).Enter into discussions for a financial settlement favourable to SD. This is Fast and Furious but Efficient.
2. Based on Budget 2022, most likely scenario, many companies will do all sort of credit provisioning, impairment in FY22 to make sure profit cap at 100 Million. So, Dato Karim, if you are reading this, do take this opportunity to clean up the necessary so that our Serba Interceptor Battleship will come clean as we move into 2023...
3. Serba’s IT arm is one step closer to becoming a non-bank e-money issuer.
4. Serba Dinamik will benefit from Budget 2022- Matching grant of RM100 million for Bumiputera SMEs to explore aerospace industry. This definitely something for Serba to go to the moon. So nice Goodies for upcoming Serba Future Millionaires...
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 86 views | 2 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
ǷearlꙌhite
1,652 posts
Posted by ǷearlꙌhite > 2021-11-03 21:43 | Report Abuse
.
A monumental and morale boosting achievement by SD. Re-rating agencies together with the consortium of financiers / fund managers / assets managers, have agreed that re-rating process can proceed. Well done SD!
@1st November 2021
Details of Key Action Indicators. Lets run the show for the better of SD.
COMPLETED ACTIONS FROM DETAILS BELOW
- Restructure company to greater heights - more contracts/projects, focus on customer.
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR.
- Manage cash flow and forecasts.
- New financing initiatives will not involve Private Placement. and Rights Issue.
- EY will provide finalised SIR to Bursa.
- Bursa to request SD to announce SIR findings.
- Complete 2020 audit and annual report as planned.
- Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021).
- Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process..
- Meeting with current financiers. Initiate re-rating process.
=====================================================================
OUTSTANDING / ON-GOING
Shareholders' Mandate
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress
Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress
Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.
Finance
- Manage collections and expenditures - In progress
Governance
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress.
- To deliberate offer by KPMG to resolve legal issue. - In progress.
.