Waiting taxpayer money to bail out but there are so many bumi oil and gas industry player in Malaysia.. If really want to help early will do it already no need to wait until only US 7million bond interest also cannot pay..
Have to wait for SC to complete its investigations with proper evidence (if any)….
[Excerpt] ‘The SC told The Edge that the commission had raided several of Serba Dinamik’s offices on May 18 to secure documents and relevant evidence after it had received a “Section 320 of the Capital Markets and Services Act 2007 (CMSA) notice” from KPMG.
The regulator assures the investing public that it has made progress on its investigation and additional resources have been added to the team to ensure the investigation is completed in a timely manner.
As the capital market regulator, the SC stressed that it is empowered under securities laws to investigate and enforce any transgression or potential transgression of securities laws, SC guidelines and rules of the stock exchange.
“The SC will evaluate all available evidence and take any appropriate action as is deemed necessary. As investigation is ongoing, the SC is not able to comment further on this,” said the SC in an email reply to The Edge.’
Posted by Mabel > Dec 18, 2021 1:31 PM | Report Abuse
#Sarawak32 For all investor, this is not a place where you get a fair statement of a company. Only those who condemn will be allow. All others will be not according to them will be remove. Get out from here. 17/12/2021 9:39 PM
Yes this is Mabel's observation too...
It's pity to see smart and courageous Investor like GrtTrdr who made 800% on his total portfolio H1'21 is condemned. We could have learned from his Wisdom..
Cheers and Chin up Sarawak32!
Naysayers will always support KPGG to press the price down as they are short tem traders. Investors will support Serba to keep the price up since they are long term investors.
2-3 years from today, many will thanks us...trust me..
Summing up
Investor take a long-term approach to the markets. That's why they can sleep like a baby
Traders involves short-term strategies to maximize returns daily, monthly, or quarterly. That's why they are very uptight, very aggressive and always cry like a baby.
Investors are more likely to ride out short-term losses, while traders will attempt to make transactions that can help them profit quickly from fluctuating markets.
There's no right or wrong approach. It all depends on how deep is your pocket. However, the best players are the one who can master both by riding the wave...
Weather is so cosy these days, time to sleep like a baby..
Whether you are an Investor or a Trader,they have one thing in common ,maximisation of returns and minimisation of risks.
In general,most sensible investors and traders are risk averse which means they avoid high-risk stocks or investments and are prepared to forego higher rates of return.
LadyMeow has claimed that she and her gangs are truly "investors" contrary to " traders"
However, given the fact that SD is now perceived as the high risk investment following series of negative events,their persistent denial and defence of SD is clearly demonstration of their risk taking attitudes. They are a bunch of "high risk taking investors " not " investors" .
They may refute with the phrase of "high risk,high return"...well..Good luck to them.
Posted by Mabel > Dec 18, 2021 1:31 PM | Report Abuse
#Sarawak32 For all investor, this is not a place where you get a fair statement of a company. Only those who condemn will be allow. All others will be not according to them will be remove. Get out from here. 17/12/2021 9:39 PM
Yes this is Mabel's observation too...
It's pity to see smart and courageous Investor like GrtTrdr who made 800% on his total portfolio H1'21 is condemned. We could have learned from his Wisdom..
Cheers and Chin up Sarawak32!
Naysayers will always support KPGG to press the price down as they are short tem traders. Investors will support Serba to keep the price up since they are long term investors.
2-3 years from today, many will thanks us...trust me..
Summing up
Investor take a long-term approach to the markets. That's why they can sleep like a baby
Traders involves short-term strategies to maximize returns daily, monthly, or quarterly. That's why they are very uptight, very aggressive and always cry like a baby.
Investors are more likely to ride out short-term losses, while traders will attempt to make transactions that can help them profit quickly from fluctuating markets.
There's no right or wrong approach. It all depends on how deep is your pocket. However, the best players are the one who can master both by riding the wave...
Weather is so cosy these days, time to sleep like a baby..
I dont know why mabel kept on posting the 'trending list'... does she know the trending list means most popular stock based on people visiting it? She thinks it is some kind of ranking? Maybe she is really 60 and dont know what is the meaning of 'trending list'
Yeah, that'll work, "having first hand info". So, can share your first hand info on SD? How will it work out...ctnr suspension lifting? Coupons payment cheque in the mail? SC will release without fines and delisting? Shake hands with KPMG and EY? All just a mis-understanding, no crime committed. Everyone has a happy ending to this ordeal?
Sapura also got the backing of the gov but still struggle. The only difference is sapura did not cook their books, airasia also, they accepted reality. But when a company cook their books, it means pn17 and delist… nobody will lend them money… nobody
With the recent default and the Ratings further down-graded to no higher than 2 mm from the ground.........Bankers might be inclined not to take your calls.
Of course, I think such a bad reputation and performance, bankers will not allow to lend $, and the big funds won't invest again....wait for delisting...
karim`s oil&gas, construction business is not profitable,......just compare to oil&gas peers like dayang and sapnrg ,............he has to cook the book , ...........so that serba making few hundred million per year,..........serba can borrow billions ringgit from banks,..............share price go up to few ringgit,..........he look super wealthy,.........at the end ,he is cheating everybody, cheating himself,......but we don`t know he has siphon some money out from serba,........we know he sold shares at average 80 cent per share.
Bob, you dont understand is it? Sapura and AA still can get funding eventhough they lose money is because they are honest and did not cook their books.
Serba is in deep shit because serba cooked the book. No banker and investor will loan money or buy their bonds, this means they will go bankrupt soon and delist.
Honesty is very important.
Serba lied and cheated bond holder and banks.
PN17 coming. Blame those that encouraged you to average down and blame karim for lying.
Confirm mistake. But can't change anymore. Just hoping for the best. Bursa supposed to protect shareholders. Hopefully AR could be ready soon and suspension lifted.
Hold? What to hold? How to hold? Cannot even trade. If can trade, the risk is super high as it will go to 0. They already defaulted on their bond, nothing to say anymore. PN17.
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Posted by MiaoMiao7 > 2021-12-18 15:51 | Report Abuse
Default on bond already still can say this is for long term? Walao… what logic?