Tomorrow confirm 0.005 Today got opportunity to sell but those that hold thinking can go back to their previous price really asked for it Tomorrow got last chance to sell If go average down then... I dont know what to say anymore. All the best Karim thank you guys for helping him to sell
Serba trading volume swelled to 545.19 million shares, which was equivalent to 30.76% of its total free float shares on the open market. The oil and gas firm was the most actively traded stock across Bursa Malaysia. Meanwhile, its warrants, which saw 107.92 million units changing hands, were the third most actively traded counter.
At closing yesterday, Serba Dinamik’s shares settled at 11sen, while its warrants closed at 3 sen. Notably, several brokers have demanded cash upfront for purchase of company’s securities. Only the cash upfront requirement shall be imposed on any buy orders for Serba and its warrants. Serba Dinamik’s securities are not permitted except with 100% CASH UPFRONT prior trade execution. *This development moves hampered yesterday’s buying activities. Despite this restriction the Number of buyers is 6X than the Number of Sellers*.
Last month, Serba Dinamik said in a bourse filing that it is looking into formulating a plan to regularise its financial condition and the company has approximately nine months to submit its regularisation plan to the relevant authorities for approval
Serba has won contracts with a total value of RM10.87 billion year-to-date, triple the value of contracts won in 2019 of RM3.5 billion, bringing the group’s current order book to RM18.5 billion.
Managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said despite the tough times, the group still holds a strong presence in six regions and 24 countries. Serba Dinamik is also aggressively eyeing for more projects in Africa and Central Asia by riding on the group’s four key capabilities — operations and maintenance; engineering, procurement, construction, and commissioning; ICT- tech; and education and training,” he added.
Meanwhile, Mabel is waiting to renter below 10 sen. This potential new acquisition complement her holdings of 2019 Free Warrant Shares which was awarded handsomely during 2019 Bonus Issues. During the last 2019 AGM, Mabel attended the AGM and approved the Bonus Issues. It was efficiently executed in about 40 mins. Before the current turbulence, Serba has been giving good Dividend unlike some Growth Companies under Mabel’s collection. Mabel expect a full turnaround of this company in 2-3 years’ time.
. Key actions of Serba Dinamik FYI, this was the culmination of planning that started in early 2022.
Updated as at 10th May 2022 (weekly update)
Strategy - Execute expansion of existing floated shares to desired level for entry to new segments via bonus, splits and warrants. - In progress - To vigourously complete entry into the segments of Information Technology, Satellite, Aerospace and Megaprojects. - In progress - Ensure new organisation structure are accordance with recommendations from risk management and audit. - In progress
Operations/Projects - Business re-organisation to focus on high impact high, priority projects with quick working capital turnover. - In progress - Re-mobilised workforce to immediately continue operations/projects stalled by the pandemic. - In progress
Legal - To finalise legal redress with KPMG on its offer for settlement. - In progress - To pursue legal liability with relevant financial regulatory authorities and government agencies for defamation. - In progress
Financial - Ensure working capital from financial institutions are re-instated. - In progress - Ensure provision of assisted working capital from relevant Government agencies is obtained. - In progress - Ensure that agreed re-structured repayment plans are carried out in accordance creditors/financiers requirements. - In progress - Ensure CAPEX is mobilised immediately. - In progress - Ensure finalisation of FYE 30th June 2022 audit (unqualified) by 1st week October 2022. - In progress .
It is a deep regret that the authorities ungrateful with the AG decisions and criticize Serba to bring Serba to the brink of winding up. Bursa clamp down Serba with additional requirements for upfront cash to avoid the share to perform as usual. Ungrateful Investors criticize the company and asking to loss their hard earned monies. All these lead to the huge sell down of Serba. Investors are asking for the huge sell down and wanted to loss more monies is clearly indicated in this forum. Congratulations to the investors and authorities of Serba on the first day to demolish Serba which one before a super counter. Now all left is Pak Karim to revive Serba with his undisputed leadership.
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Mini Bull
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Posted by Mini Bull > 2022-05-09 23:51 | Report Abuse
Not Yet 0.005 ?