Mabel titanic has sunk into the deepest depth of Mariana Trench. 06/01/2022 10:37 PM
#Bon888 Already in PN17. 06/01/2022 11:29 PM
Just finished my Zoom call with Berlin..
Very interesting development indeed..
Looks like this afternoon Flamenco class will come handy after all. Mabel will go for the Cigar Butt Strategy to Flamenco with Serba when he's ready to dance...
As a solution, the Serba Dinamik board said the company will formulate a comprehensive regularisation plan for submission to Bursa Securities by end-January 2023.
“The regularisation plan includes inter-alia, funds raising exercise to be undertaken by the company, the proceeds raised therefrom will be used as working capital and funds for future projects,” noted the board.
“The company will appoint a principal adviser to advise the company on a regularisation plan.”
Moreover, the Serba Dinamik group will focus on costs saving and optimisation plans in order to remain competitive in the current business environment while engaging closely with secured lenders to discuss options for its debt resolution.
“Barring any unforeseen circumstances, the group expects to resolve the issues relating to the disclaimer of opinion within the next financial year (FY6/2023),” added the board.
Karim talked as if he had been played out but he brought about his own downfall and the downfall of SD and the thousands of investors who trusted him. He and his BOD are anyway innocent till proven guilty but the writing's already on the wall. Let's see how his lawyer is going to sweet talk his way out. If not, throw them behind bars. Btw, wasn't there an inkling of what was happening when audits were carried out the previous years? Could the auditors have been negligent for the past few audits. Am sure what happened in SD didn't happen overnight.
#"Painful and tedious as it seems, rest assured that we are not going to lie face down to admit defeat. History has proven that turbulence times do bring the best out of people - the way Japan rose from the ashes of the Hiroshima and Nagasaki atomic bombing to be a developed economy in such a short time span has inspired us to emulate such feat." - Mohd Abdul Karim Bin Abdullah 06/01/2022 10:55 PM#
NEW YORK, Jan 6 (Reuters) - Oil prices rose about 2% on Thursday, extending their new year's rally, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya. Brent crude futures rose $1.19 cents, or 1.5%, to settle at $81.99 a barrel, after hitting their highest since late November. U.S. West Texas Intermediate (WTI) crude gained $1.61, or 2.1%, to $79.46. The contract touched a session high of $80.24.
Russia sent paratroopers into Kazakhstan to help quell a countrywide uprising after deadly violence spread across the tightly controlled former Soviet state. There were no indications that oil production in Kazakhstan has been affected so far. The country produces about 1.6 million barrels of oil per day. Meanwhile in Libya, oil output was at 729,000 barrels per day, the National Oil Corp said, down from a high of more than 1.3 million bpd last year, owing to maintenance and oilfield shutdowns. Global benchmark Brent's six-month backwardation stood at about $4 a barrel, its widest since late November. Backwardation is a market structure where current prices trade at a premium to future prices and is usually a sign of a bullish market. Prices have rallied since the start of the year despite OPEC+ sticking to an agreed output target rise and a surge in U.S. fuel stockpiles. "OPEC production, while it did increase, disappointed the market - it is not going to be enough to keep up with demand," said Phil Flynn, an analyst at Price Futures Group in Chicago. OPEC+, a group that includes members of the Organization of the Petroleum Exporting Countries, Russia and other producers, agreed on Tuesday to add another 400,000 bpd of supply in February, as it has done each month since August as it gradually relaxes 2020's cuts as demand recovers from the pandemic. However, the increase in OPEC's output in December has again undershot the rise planned under the OPEC+ deal, a Reuters survey found on Thursday, highlighting capacity constraints. JP Morgan forecast Brent to average at $88 a barrel in 2022, up from $70 last year. "Our reference case now assumes the alliance will fully phase out the remaining 2.96 million bpd of oil production cuts by September 2022," the bank's analysts said in a note. Government data on Wednesday showed that U.S. gasoline inventories surged by more than 10 million barrels last week, the biggest weekly build since April 2020, as supplies backed up at refineries because of reduced fuel demand. Crude inventories in the United States, the world's top consumer, have fallen for six consecutive weeks by the end of the year to 417.9 million barrels, their lowest since September, the data showed. U.S. crude futures suggest supplies will remain tight early in the new year. A barrel of oil for delivery in June is selling at a $4.10 premium to a barrel for delivery in December, the highest since Nov. 2, a signal of near-term rising demand. Meanwhile, the world's top oil exporter, Saudi Arabia, cut the official selling price for all grades of crude it sells to Asia in February by at least $1 a barrel, three sources with knowledge of the matter said.
#nicholas99 serbadk pn17.. happy lo mabel. haha. 07/01/2022 8:10 AM
Yes I know nick...
It's OK as Mabel has previous experience dealing with PN17 Companies. Mabel love turnaround companies. It can be difficult but it can also be very rewarding...
I can see Dnex is doing great. Let's break the 85 sen barrier for our CNY Ang Pow
As I have said earlier on,some risk takers out there love to invest in PN 17 companies in the hope of huge windfall gains in the event that the PN17 dropouts could succeed in reconstructing.
However, to my observation ,most of PN 17 companies have either been delisted or been outcast by the rational and sensible investors.
Despite portraying to be a knowledgeable investor, he has repeatedly failed to show financial knowledge.
This is stock investment, not stock video game where u play with fake money
Clearest sign of a fraud is the buy call on SD despite red flagged. It’s proven again and again and again that SD is doing fraud accounting.
Anyone with basic financial knowledge will spot this fraud, but not Mabel. He can’t even see 1 feet in front of him.
So.. beware and be careful of people like him. He is out to cheat and scam you people. 07/01/2022 6:20 AM
HoHo Huang Huang Huang...
Your Good Financial does not mean anything here...No feel..
State or Government 4.4% 147,000,000 shares Institutions 25.7% 867,065,660 shares General Public 28.3% 952,941,758 shares Individual Insiders 41.7% 1,405,786,660 shares
Karim the conman . You have been using or rather abusing the word 'rest assured' very often on your address to the pubic recently . Well , let me tell you something, we are not assured of anything and you have lost that moral ground to assure us . Tell it to your childrens if you have any . They may be gullible to take your assurance . So stop all your role play with the market. Admit defeat , resign and let a new righteous management to do the clean up .
#"Painful and tedious as it seems, rest assured that we are not going to lie face down to admit defeat. History has proven that turbulence times do bring the best out of people - the way Japan rose from the ashes of the Hiroshima and Nagasaki atomic bombing to be a developed economy in such a short time span has inspired us to emulate such feat." - Mohd Abdul Karim Bin Abdullah 06/01/2022 10:55 PM# 07/01/2022 7:46 AM
Dnex is Not a promising counter as most investors are "made to believe"...Upgrading need 2years Many news are already out ..USA technology stock are heading Hard times ( interest rate going Up...Debt heavy Tech. stock will struggle ) 2022 most promising Stocks are Cigarette and Beer Counters ( all Good Dividend givers )
I presume you didn’t cos you are a fake investor 07/01/2022 8:44 AM
On the Contrary I think Huang is really Sick!
All posts in Serba..Serba or DK must have a big impact on you that you continue to attack this counter...
Please do not add wound to the existing holders. You are undermining their intelligence. As Mabel mentioned many time, this Battleship is not for everyone...
Go and read about Cigar Butt Strategy..
Let Karim and his boys do their job..After all they are all working for us...
Remedial action
As a solution, the Serba Dinamik board said the company will formulate a comprehensive regularisation plan for submission to Bursa Securities by end-January 2023.
“The regularisation plan includes inter-alia, funds raising exercise to be undertaken by the company, the proceeds raised therefrom will be used as working capital and funds for future projects,” noted the board.
“The company will appoint a principal adviser to advise the company on a regularisation plan.”
Moreover, the Serba Dinamik group will focus on costs saving and optimisation plans in order to remain competitive in the current business environment while engaging closely with secured lenders to discuss options for its debt resolution.
“Barring any unforeseen circumstances, the group expects to resolve the issues relating to the disclaimer of opinion within the next financial year (FY6/2023),” added the board.
Looks like yesterday afternoon Flamenco class will come handy after all. Mabel will go for the Cigar Butt Strategy to Flamenco with Serba when he's ready to dance...
A brief idea of what was cooked in Serbak Kitchen.
"The unaudited financial statement showed a profit after tax of RM758.38 million, as compared to a loss after tax of RM185.37 million in the audited financial statement released on Thursday.
Serba Dinamik said the deviation was due to the impairment of trade receivables made by subsidiaries of the group amounting to RM395 million, which was underprovided during the release of the financial statement.
It added that the deviation was also due to an inventory write-down of RM552.6 million due to the disruption and termination of several projects undertaken by the group."
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....
yingzhe17
878 posts
Posted by yingzhe17 > 2022-01-07 00:26 | Report Abuse
Got got raped by this bumiputera counter. Congrats