Posted by Huangbk72 > 2021-12-11 09:35 | Report Abuse

A group of people ( maybe if the same person using different Id here) behaving like gangster calling names and stating BLAME THIS, BLAME THAT and all sort of things. This sort of behavior is like kids and also not making sense at all. Not only they did not show respect of one individual but only reveal their own bad attitude. It is sad that we have such people in our society.

Perfect description of yourself.


11/12/2021 9:13 AM

Posted by BobAxelrod > 2021-12-11 09:40 |

Post removed.Why?

Posted by leno > 2021-12-11 09:49 | Report Abuse

A group of conman conning and got conned by each others.
A very Rare event.

Posted by zoizai > 2021-12-11 09:51 | Report Abuse

Everyone kena conned by shoplot company

Posted by SunnySunshine > 2021-12-11 10:25 | Report Abuse

SD is now confirmed & proclaimed DEAD

Posted by SunnySunshine > 2021-12-11 10:26 | Report Abuse

What else can these jokers say now?

These jokers have been firmly stood that SD had done nothing wrong.

What now?

Mabel? PearlBlack? Honesty?

Posted by Huangbk72 > 2021-12-11 10:27 | Report Abuse

Yes Bob

Usually these people play on emotions and deceptions

Never seen a logical posting from them.

Posted by SunnySunshine > 2021-12-11 10:27 | Report Abuse

That’s probably the closest fact.

xxxxxxxxxxx
leno A group of conman conning and got conned by each others.
A very Rare event.
11/12/2021 9:49 AM

Posted by Huangbk72 > 2021-12-11 10:28 | Report Abuse

SD already sentenced to death in June.

Yet people still buy.

Now only thing left is the execution

Posted by Jkoay > 2021-12-11 10:31 | Report Abuse

Jail for fraud and cheating

Posted by SHQuah > 2021-12-11 10:32 | Report Abuse

It's possible reverse take over by other company ?

Posted by stockraider > 2021-12-11 10:34 | Report Abuse

Who wants to reverse takeover a kon stock & get con leh ?

Posted by Huangbk72 > 2021-12-11 10:36 | Report Abuse

When you see SD suing... you know they are in trouble

When you see SD not paying bond interest.. you know they are in trouble

Everyone knows SD is in deep cesspool

Who wants to take over.

From my angle, very sure delisting is what SD wants now.

So the smokescreen is "pretending" to complete AR.. when come end of Dec, no AR will be furnished.

Just like pretending to be BAU, pretending to complete AR on time, pretending to pay coupon on time.. all FAKE

Posted by TreeTopView > 2021-12-11 10:38 | Report Abuse

Posted by SHQuah > Dec 11, 2021 10:32 AM | Report Abuse

It's possible reverse take over by other company ?

*********************************************

I would doubt that any reputable company would look at SD until there was a very clear picture of their financial and projects position.
That clarity doesn't appear to be coming to fruition anytime soon.

Posted by Prudentinv > 2021-12-11 10:42 | Report Abuse

I expect no response after my comment but few have responded. I also did not put ID so no offence if you do not consider yourself in that group. By responding you are admitting to be that category of people. Anyway, Sorry for the comment if it offended you.

Posted by PSAi3alert > 2021-12-11 10:57 | Report Abuse

The Edge cannot sue an anonymous person for defamation.

Unless .... The Edge can identify PearlWhite / PearlBlack / Black Mussel / Siham Rebus / CG Writer of the year (Malaysia-Asean Corporate Governance 2016 award winners)

If so, prepare to wash backside.


p.s.
This fake CEO
- tried to hustle Bumi Armada for money in the guise of PR initiatives in 2017-2019 but never succeeded
- hustled Serba for money in the guise of PR initiatives and succeeded in late July / early August


bobvic96 Gerrardo The Edge vs SD?

Posted by ǷearlꙌhite > Dec 10, 2021 12:15 PM | Report Abuse

.
(Updated 10th December 2021, 12.15PM)
Now this is progress. Let's see what has been found out about The Edge.

1) The Edge is lobbying Bursa Malaysia to break its own rules.
2) The Edge is lobbying for SC to take action on Serba Dinamik without evidence.
3) The Edge doesn't know who the regulator of the capital market is.
4) The Edge had concealed that RM3 billion of audit discrepancies were resolved in the SIR.
5) The Edge had concealed that audit discrepancies within Malaysian borders were resolved in the SIR.
6) The Edge had concealed that audit discrepancies that had KPMG as external auditors were resolved in the SIR.
7) The Edge had been acting on behalf of the hostile takeover parties of Serba Dinamik to create a negative perception of Serba Dinamik.
8) Jose Barrack's sifu gave feedback that The Edge cannot be taken seriously with poor quality journalism.
10/12/2021 10:54 PM

It looks very much as though The Edge should sue the Black Mussel for slander and defamation
11/12/2021 12:25 AM

Posted by superrr > 2021-12-11 10:58 | Report Abuse

Wooo, This lady boy Mabel 60+ doing promotion again....He/she ? asked ppl to buy topglove at $3.00 that I advised ppl not to buy based on the charts. every day dream of Titanic shipwreck, will sink into deep sea like your sd...

Posted by Huangbk72 > 2021-12-11 10:58 | Report Abuse

I will kill a snake if I see one

No surprise there

Posted by BobAxelrod > 2021-12-11 11:04 |

Post removed.Why?

Posted by superrr > 2021-12-11 11:07 | Report Abuse

Sd raised a lot of snakes to perform illogical dramas here, even it having fake A/C , debt repayment default..

Posted by Sslee > 2021-12-11 11:10 | Report Abuse

Haha Top Glove should be OK to pick up some if it is low enough. But what I can't understand is why people wants to buy AA when technically AA is already bankrupt. This right issue is CPR in an attempt to keep the company alive a little longer. Most airlines have their government financial support but not AA.

Posted by BobAxelrod > 2021-12-11 11:12 | Report Abuse

High debts, high receivables, razor fine profits.....Evergrande...AA?

Posted by superrr > 2021-12-11 11:12 | Report Abuse

Of course, it needs to base on charting....buy low sell high. buy those promoters will tell u to buy high and cut-loss at low...

Posted by SHQuah > 2021-12-11 11:40 | Report Abuse

Sslee.....how many % chances company will not be delisted ? Please advise.

Posted by roslaom > 2021-12-11 11:44 | Report Abuse

Rm99M due dec 2021, rm100m commercial paper and sukuk USD222M(rm937M) due may 2022. Upcoming coupon payment for USD 180M(Rm760M) sukuk in march 2022.

Current coupon payment USD 7million; dpt bayar USD500k jer; oustanding lagi USD6.5M.

Reported Cash in bank as of sept 2021 - RM290M.

Sapa ada RM1.48B boleh bagi pinjam sama SD in the next 12 months?

Posted by Sslee > 2021-12-11 12:01 | Report Abuse

Pursuant to paragraph 9.28(6) of the Main LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer.

So if external auditor cannot produce the audited financial account then the end result is de-listing.

Posted by stockraider > 2021-12-11 12:04 | Report Abuse

Nothing much we can do now loh!

The serba share is suspended mah!

1. Bond default

2. Dispute SC, Bursa, EY and KPMG

3. Unable to produce Account

4. Possible fake account

Posted by leno > 2021-12-11 12:07 | Report Abuse

karim produce many FAKE antique to sell to people
and come one group of conman
who know the antique are fake
but they still buy the fake antique
believing they can con other people

they promote this fake antique as genuine antique
until they themselves start to believe their fake antique could be a real antique
but fake or real, most important can con other people

so they buy more and more,
u know lah
the more u cheat
the more u earn
profit will be rolling in
big money will be coming in

mana tau suddenly authorities come
and say karim fake antique are fake antique
not allowed to be sell and buy anymore

Everyone come out clap-clap hand
celebrate the truth is true
the fake is false
and the justice has finally prevail

Serve all the conman right and left.

The end.

Posted by PSAi3alert > 2021-12-11 12:08 | Report Abuse

Unlikely for Top Glove to go bust because all of Mr Fat Cat's broken ships still have three catty worth of nails.

Depending on the PE of a catty of nails, prices may reach 0.36 , 0.68 , 0.90


--------------

1 catty is around 11⁄3 pound avoirdupois (604.78982 grams in Hong Kong, 604.79 grams in Malaysia and 604.8 grams in Singapore)

Using 1 catty to 604.79 grams , PE1 and PE2 will be:

PE1 = 604.79 x 8 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79
PE2 = 604.79 x 15 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79
PE3 = 604.79 x 20 [ (9t^3 + 1)^3 + (9t^4)^3 + (-9t^4 - 3t)^3 ] / 604.79

Therefore prices will be:

Price at PE1 = RM373M (FY2019) x PE1 / 8207M = 0.36

Price at PE2 = RM373M (FY2019( x PE2 / 8207M = 0.68

Price at PE3 = RM373M (FY2019( x PE3 / 8207M = 0.90


i3lurker be very careful

Top Glove now facing high risks of bankruptcy.

as usual,
enough time is given for Suiyee Sucker Bilis to decide to sell off Top Glove.

........I can almost bet with sslee that Suiyee Sucker Bilis will buy more Top Glove shares at 80 sen rather than dump all............

enough time was given for Suiyee Sucker Bilis to decide to sell off Serba

=> however Suiyee Sucker Bilis like riskyinv bought more Serba shares instead.
11/12/2021 11:05 AM

Posted by bobvic96 > 2021-12-11 12:37 | Report Abuse

Strange why Bursa instructs Serba to announce updates on the Material Litigations:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3217991

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3217990

But not on the defaulted coupon payment?

Posted by leno > 2021-12-11 12:48 | Report Abuse

sebak should "voluntarily" announce yesterday
only after sebak FAIL to voluntarily announce
then only bursa will give instruction.

Why ?
yesterday u got dream sebak already pay aa ?
KAKAKAKAKAKKAKAKAK !!
KAKKAKAKAKAKAKKAKAKAKAKAKAKAKAKAK !!

GILA !

Posted by themeg > 2021-12-11 13:07 | Report Abuse

Institutions will rush to sell after the suspension is lifted. TP 5 cents.

Posted by Panorama1 > 2021-12-11 13:14 | Report Abuse

HaHaHa ! I am not a fan of TG but if TG with RM1b Cash (excluding Treasury Shares) and 9 Digit reduced QR PAT at high risks of bankruptcy, what will be the position of other highly indebted PLCs in Malaysia ?

Posted by BobAxelrod > 2021-12-11 13:31 |

Post removed.Why?

Posted by Panorama1 > 2021-12-11 13:38 | Report Abuse

Not serious at all as I am happily enjoying my golden years. Couldn’t help to comment on it :-)

Posted by Huangbk72 > 2021-12-11 13:59 | Report Abuse

There is not much institutional investors left in SD.. all major ones left.

Not more than 16% left.

https://www.msn.com/en-my/money/stockdetails/ownership/kls-serbadk/fi-alai5r?ownershipType=institutional

Immediate problem faced by SD are

1) bank will recall loans and demand repayment. Missing coupon payment really shows the company is insolvent. Banks dont wait

2) SC investigation will be completed soon. We will see who will face the music.

3) AR will not be furnished by 31 DEC.. Nexia will NOT sign off accounts until SD publish SIR.


So.. this month plenty of fireworks in SD to close off the year.

I just topped up popcorn and soda for the show this month.

Posted by themeg > 2021-12-11 14:13 |

Post removed.Why?

Posted by myinvesting > 2021-12-11 14:14 | Report Abuse

Potentially sign off qualified accounts. Time passed 30 June by the time Nexia takes over the audit. So cannot audit projects/site materials as of 30 June. SD may say that is correct, KPMG punya pasal, resulted in they cannot get another auditor in time to audit. So no one is wrong, but KPMG.

Posted by shareinvestor888 > 2021-12-11 15:37 | Report Abuse

OMG! Hope Karim could make a statement soon on why serba missed the coupon payment as reported by local news, or explain whether it is fake news or not.

https://www.thestar.com.my/business/business-news/2021/12/11/sp-global-marc-downgrade-serba-dinamik

Posted by InsiderShark > 2021-12-11 16:00 | Report Abuse

defaulted on the bond liao... nothing to say anymore. those that still sleeping please wake up and accept the reality. so many months to escape... but no, go average down. I am sorry for your losses but there is nothing you can do anymore. Now want to sell 1 cent also cannot, SD will be delisted and your loses is 100%.

sorry. go shah alam seba hq and find karim, dont blame others.

Posted by Junx Leow > 2021-12-11 16:01 | Report Abuse

Gameover

Posted by josephn > 2021-12-11 16:10 | Report Abuse

https://youtu.be/kx0ieAuY5jQ

Don't worry, Karim said will end 2021 with high notes and move pass audit issues

Posted by stockraider > 2021-12-11 16:13 | Report Abuse

THE BOND DEFAULT ARE A GREATER PROBLEM THAN SERBA AUDIT ISSUES, ALTHOUGH BOTH ARE RELATED MAH!

KUALA LUMPUR: Engineering services company Serba Dinamik Holdings Bhd has been downgrade by S&P Global Ratings. The global rating agency downgraded Serba Dinamik to ‘D’ on the missed coupon payment of its sukuk.

It said the downgrade reflects the rating agency’s view that the company would generally be in default of its debt obligations after it failed to meet its missed coupon payment within the stated grace period of 30 days.

“The grace period expired on Dec 9, 2021.

“We lowered the issuer credit rating to ‘D’ from ‘CC’ because the default on its US$222mil (RMRM937mil) sukuk due May 2022 is likely to trigger a cross-default on its US$180mil (RM760mil) sukuk due March 2025 as well as long-term banking facilities.

“We estimate 70% of the company’s total outstanding debt as of Sept 30, 2021, could be liable for immediate repayment,” it added.

The company’s missed US$7mil (RM30mil) coupon payment on its sukuk indicates that the it is unable to remain current on its debt obligations. After a partial repayment of US$500,000 (RM2.1mil) on Nov 23, the current outstanding coupon payment due is US$6.5mil (RM27.4mil).

“In our view, its ensuing court proceedings with ex-auditor KPMG PLT, stock exchange Bursa Malaysia and special independent auditor Ernst & Young Consulting Sdn Bhd would further hinder its access to external capital funding.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

“In the meantime, we expect the company to face a continued cash drain from its working capital-intensive operations over the next 12 months. This would further deplete its reported cash balance of RM290mil as of Sept 30, 2021.

“This cash balance is dwarfed by the company’s sizable RM1.48bil of debt maturing over the next 12 months, which is largely made up of a RM99mil syndicated loan amortisation payment due in December 2021, RM100mil of commercial paper and the US$222mil (RM937mil) sukuk. Both the commercial paper and sukuk are due in May 2022,” S&P Global said.

The company also has an upcoming coupon payment due on its outstanding US$180mil (RM760mil) sukuk in March 2022.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.

“MARC’s downgrade action is premised on the missed semi-annual coupon payment of US$7mil (RM30mil) on the outstanding US$222mil (RM937mil) senior sukuk issued by Serba Dinamik’s wholly-owned indirect subsidiary, SD International Sukuk Ltd,” it said in a statement.

The coupon payment was due on Nov 9, 2021 and the company confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021.

As a result of this default, there is now an increasing likelihood of a cross default trigger under the IMTN and ICP programmes. Should sukuk holders declare an event of default, the ratings of both programmes will be downgraded to DIS,” it said.

Posted by bojed > 2021-12-11 16:37 | Report Abuse

There are already talks of forming class action lawsuits against SD in one of the biggest Telegram SD supporter groups that I'm in, and even some who used to be hardcore supporters have decided to turn the tide against SD as well.

I can also confirm none of pearlwhite's posts have surfaced in that group. None.

Posted by stockraider > 2021-12-11 16:42 | Report Abuse

No point sue serba, bcos SB going to bankrupt loh!

If can sue karim for fraud maybe can recover something loh!

Just like 1MDB mah!

Posted by superrr > 2021-12-11 16:45 | Report Abuse

The bond defaulted, can't get banks loan in the future, can't fulfill Bursa A/C requirement, Do u think sd still got chance to survive...

Posted by stockraider > 2021-12-11 16:53 | Report Abuse

No loh...!!

Most likely fake accounts mah!

No one will dare to lend loh!


Posted by superrr > Dec 11, 2021 4:45 PM | Report Abuse

The bond defaulted, can't get banks loan in the future, can't fulfill Bursa A/C requirement, Do u think sd still got chance to survive...

Posted by wongchin > 2021-12-11 17:26 | Report Abuse

Sooner or later sd lawyer also abandon the ship cos sd dt have money to pay the lawyer fees.

Posted by Faiza > 2021-12-11 17:41 | Report Abuse

where the billions of loan gone
bursa shud trace the money flows

Posted by shareinvestor888 > 2021-12-11 17:42 | Report Abuse

Maybe Karim busy discussing with his bankers & bondholders for some sort of extensions of coupon payments or perhaps debt restructuring.

Based on youtube vid shared by @josephn as at 30th August 2021, Karim said got a few bankers who still support him….


Posted by josephn https://youtu.be/kx0ieAuY5jQ

Don't worry, Karim said will end 2021 with high notes and move pass audit issues
11/12/2021 4:10 PM