Posted by paktua73 > 2022-05-19 11:52 | Report Abuse

iyaa..rr88 if you do buy sell,buy sell
many time on one day mana ada untung..
contra will kira early sell time price..
so kalo sell lower then early sell..
mana nak untungnya..
pening pening pening..
contra pun xpandai kaa???



tut tut
pening pening

Posted by CUTLOST > 2022-05-19 12:02 | Report Abuse

Nice rr88

Posted by Mabel > 2022-05-19 12:09 | Report Abuse

Haha nice to see Sifu r88 in full action..

Two Mabel Super tankers are so steady today. So green despite Wall Streets having period..

Mabel Battleships Dnex, SE and SD so steady. Fantastic Volume

Meow Meow Meow

Posted by SvMsHpOs > 2022-05-19 12:09 | Report Abuse

ada no hp mak tua? aku single..

Posted by SvMsHpOs > 2022-05-19 12:10 | Report Abuse

miyau..

Posted by jchin804 > 2022-05-19 12:12 | Report Abuse

Sorry wanna ask is there any news? Or we need to wait till afternoon today we see is it a good or bad direction?

Posted by paktua73 > 2022-05-19 12:13 | Report Abuse

woi2..maktua not kaco2 haa
he he..



tut tut
meoewwwwe

Posted by paulthesotong > 2022-05-19 12:22 | Report Abuse

worst..usd 4.40 pay more for usd sukuk bonds

Posted by Ekkram > 2022-05-19 12:28 | Report Abuse

Evening session rocket to the moon!

Posted by umxr75 > 2022-05-19 12:31 | Report Abuse

bulan apa ? jun ke ?

Posted by Mikecyc > 2022-05-19 12:34 | Report Abuse

Haha Leno is not able to migrate to Australia ...fly to Mars together with i3lurker ke ...

Posted by Mikecyc > 2022-05-19 12:36 | Report Abuse

Haha Good food in Mars loh ... hahahaha

Posted by KLSE_run > 2022-05-19 12:37 | Report Abuse

does any one here have serba dinamik worker,
does business ok or not ok?

Yes still BAU

Posted by nicholas99 > 2022-05-19 12:47 | Report Abuse

Serba Dinamik identified assets for sale to meet liabilities
https://themalaysianreserve.com/2022/05/18/serba-dinamik-identified-assets-for-sale-to-meet-liabilities/

Posted by nicholas99 > 2022-05-19 12:49 | Report Abuse

fly up because of this?

Posted by Ekkram > 2022-05-19 13:24 | Report Abuse

Arrangement proposes a 100% return to the company’s creditors. The applications for the scheme have been fixed for hearing tomorrow.

What else to ask? The best can offered on the table, Resolved with creditors, resolved with AGC, time to fly again…….

https://www.freemalaysiatoday.com/category/highlight/2022/05/18/serba-dinamik-subsidiaries-to-sell-assets-to-settle-liabilities/

Posted by paulthesotong > 2022-05-19 13:29 | Report Abuse

...." The Syndicated Lender have on one hand n prayed for the Company to be wound up n on the hand prayed for the power to be given to the proposed interim liquidator to restructure the Company... " ascertain true intention"

Posted by Ekkram > 2022-05-19 13:31 | Report Abuse

“The company has also filed an application to strike out the winding up petitions and to cross-examine the deponent of the syndicated lenders to, inter alia, ascertain the true intention of the syndicated lenders (application to cross-examine),” Serba Dinamik pointed out in a separate Bursa Malaysia filing.

https://focusmalaysia.my/of-serbas-financial-squeeze-as-it-aspires-100-refund-to-creditors/

Posted by joyvest > 2022-05-19 13:37 | Report Abuse

WTF.

Before these lenders agreed to lend money to SD, did SD consider the intention of the lenders? Why not rejected in the 1st place?why said so after the money was Swindled? Who has bad intention to cheat?

Posted by joyvest > 2022-05-19 13:44 | Report Abuse

WTF.

The lending was done in good faith through willing parties.

The lenders did not compel you to borrow from them. The lenders like other business are trying to recover their money owed to them in default through no fault of the lenders but the borrower ie Dr k in bad management of the company

Posted by Michael Kwok > 2022-05-19 14:04 | Report Abuse

The sifu mabel the big meow is here.definitely correction to near 10 cents.its up just too fast.from bottom to 22 cents in less thn 10 trading days.

Posted by Michael Kwok > 2022-05-19 14:05 | Report Abuse

Mabel the big meow is right.compare with sapura,serba is much stronger.

Posted by MiaoMiao7 > 2022-05-19 14:06 | Report Abuse

Now it is lenders fault for borrowing them money. Who faked the accounts? This karim and gang are weird, but weirdest are the supporters. This kind of logic also can believe. Lose money but dont go lose brain cells.

Who is next to be blames?

Posted by ronnanua1 > 2022-05-19 14:07 | Report Abuse

limit up

Posted by Good123 > 2022-05-19 14:16 | Report Abuse

Ongoing fight in the court


KUALA LUMPUR (May 19): Serba Dinamik Holdings Bhd and its four subsidiaries' application for a scheme of arrangement and a restraining order (RO) against its creditors will now be heard before one High Court judge.

This follows Justice Ong Chee Kwan from the High Court's commercial division on Thursday agreeing to transfer three of the cases filed before his court to Justice Atan Mustaffa Yussof Ahmad's court.

Both Justice Ong and Justice Atan were confirmed as High Court judges last month following their elevation as judicial commissioners.

The matter came up before Justice Ong first in the morning when he presided the case involving one of Serba Dinamik directors, Datuk Abdul Kadier Sahib, who has a 16.33% stake in the group, and two subsidiaries — Serba Dinamik Sdn Bhd (SDSB) and Serba Dinamik Development Sdn Bhd (SDDSB).

It is understood that Serba Dinamik's counsel Mak Lin Kum told Justice Ong that he intended to transfer these three cases to Justice Atan and hence was seeking the court's permission.

However, some of the creditors from the financial institutions argued that since three of the five files of the cases were in Justice Ong's court, and Abdul Kadier's case on Serba Dinamik had the earliest file number of the five cases, it would only be right for it to be heard before Justice Ong.

Justice Ong said he did not want to be seen as pushing the cases and sought time to consult with Justice Atan.

After a short recess, Justice Ong informed those present that Justice Atan had agreed to accept all three cases from Justice Ong.

With this, Justice Atan will preside over the three cases, in addition to the scheme of arrangement involving Serba Dinamik Group Bhd (SDGB) and SD Controls Sdn Bhd (SDCSB), which were allotted to him.

After the case was called later in the morning before Justice Atan, and like Justice Ong, the judge allowed the creditors to intervene in the matter.

^Court fixes June 2 for hearing, decision on June 7

Justice Atan fixed June 2 to hear the scheme of arrangement of all five cases under Section 366 of the Companies Act. He also fixed June 7 to deliver his decision on the scheme of arrangement and whether to grant the RO or otherwise.

Under Section 366 of the Act, companies could seek leave (permission) from the court for it to convene a meeting with its creditors to resolve its debts.

On Wednesday, it was reported that Serba Dinamik, along with SDSB, SDDSB, SDGB and SDCSB had filed an application for leave (permission) from the court to enter a scheme of arrangement and a restraining order against its creditors.

Six main financial institutions, namely HSBC Amanah Malaysia Bhd, Ambank Islamic Bhd, Bank Islam Malaysia Bhd, MIDF Amanah Investment Bank Bhd, Standard Chartered Saadiq Bhd and United Overseas Bank (Malaysia) Bhd, which are syndicated and bilateral lenders filed a winding-up petition against the group and its subsidiaries last month.

This followed the company's failure to service its RM1.2 billion syndicated term financing.

Serba Dinamik said it is seeking creditors' approval for a scheme of arrangement to restructure the group's debt obligations, which proposed "a 100% return to the company's creditors".

The group said it has identified "some assets for immediate sale" to generate the cash flow required to meet the group's liabilities, it added.

Besides the six financial institutions, three other financial institutions were present at the winding-up proceedings on Wednesday before Justice Nadzarin Wok Nordin, namely Bank Rakyat, MBSB and Hong Leong Islamic.

Justice Nadzarin fixed June 8 to hear the petitioner's application to appoint an interim liquidator and also for the company's application to cross-examine the petitioner.

The court also asked the creditors to come back on May 25 to inform them of their clients' decisions with regard to the scheme of arrangement.

Serba Dinamik along with two executive directors and two senior management members were charged last December with submitting a false statement involving a revenue of RM6.01 billion for the 12-month period ending Dec 31, 2020, which had previously been flagged by the group's external auditor KPMG.

The issue with the FY20 revenue was first raised by KPMG to the Serba Dinamik board in May 2021, which escalated into legal tussles between Serba Dinamik and regulators when the company refused to publish its special independent review.

However, earlier this month the attorney general accepted a representation made by the company and they were compounded a total of RM16 million last week and had the charges withdrawn.

Read also:
Serba Dinamik units seek restraining order, proposes '100% return' scheme of arrangement
June 8 fixed to hear creditors' application to appoint interim liquidator and Serba Dinamik's application to cross-examine winding-up petition

Posted by jeffchan1901 > 2022-05-19 14:20 | Report Abuse

the plot thickens. maybe salted fish really can come alive

Posted by jchin804 > 2022-05-19 14:36 | Report Abuse

Guys, my in price was around 0.30. Look at the situation now looks like there are good news coming in? Wondering should I keep and wait patiently, average down or cut lose and sell now ya? Would like to get some advice from pro pro guy like you guys haha

Posted by stockraider > 2022-05-19 14:40 | Report Abuse

Just sell & switch to sapnrg mah!

Posted by stockraider > 6 hours ago | Report Abuse

Do not get confuse by politics, emotion & fear mah!
Assess it base on viability and its value mah!

For example Sapnrg 50% of its joint venture with OMV already worth Rm 10b....enough to pay all its debt mah!

But selling that will....mean msian has lost control of a viable highly profitable oilfield mah!

Posted by ronnanua1 > 2022-05-19 14:53 | Report Abuse

just keep it youll be benefiting before election time im also ard 150lots@320 last week bought 30lots @.80 good price in total i have


jchin804

Guys, my in price was around 0.30. Look at the situation now looks like there are good news coming in? Wondering should I keep and wait patiently, average down or cut lose and sell now ya? Would like to get some advice from pro pro guy like you guys haha

Posted by jchin804 > 2022-05-19 15:08 | Report Abuse

Many thanks ronnanua1!

Posted by superrr > 2022-05-19 15:09 | Report Abuse

SD tong tong chiang liao.....

Posted by Good123 > 2022-05-19 15:11 | Report Abuse

menjunam, kabel pun tak guna kini hahaha

Posted by Good123 > 2022-05-19 15:12 | Report Abuse

tukar nama macam airasia ka? S-Kapital kot? :)

Posted by ken2004 > 2022-05-19 15:19 | Report Abuse

Seriously, this is the same thinking on those when crash from 1.60 till 0.35 previously, now we are back to the same thinking again with much worst scenario than before, those buy below 0.10 and then throw above 0.15-0.2 bet correctly at that moment, to me this just pure goreng now as nothing is backing the current price unless you got insider info that they have the expected profit to back their business to convince the debtors........

Posted by Mikecyc > 2022-05-19 15:20 |

Post removed.Why?

Posted by ken2004 > 2022-05-19 15:28 | Report Abuse

In late April, the group and its three subsidiaries were served with winding-up petitions from six financial institutions that were involved in providing RM1.2 bil in syndicated term financing.
The group in its recently announced financial results posted a net loss of RM290.33 mil for its 2Q ended Dec 31, 2021 as revenue further plummeted across key operating segments (net loss for 1Q FY6/2022: -RM42.11 mil).
As of end-2021, Serba Dinamik has short-term borrowings of RM1.45 bil plus long-term debts of RM2.27 bil whereas cash and cash equivalents amounted to RM218.95 mil.

Posted by small_investor > 2022-05-19 15:29 | Report Abuse

road back to 0.06 the movement the volume is taken out

Posted by ken2004 > 2022-05-19 15:30 | Report Abuse

From the info here, this company is still in losses on their latest quarter this year, the key question is will they stop their bleeding and when? Anyway, definitely, the latest threat will be how to convince their debtor before Jun 8 to drop the case......

Posted by Sharewizard > 2022-05-19 15:38 | Report Abuse

Why today drop to 14 cent ?

Posted by Mikecyc > 2022-05-19 15:39 |

Post removed.Why?

Posted by Sharewizard > 2022-05-19 15:40 | Report Abuse

Look like rounding up all those ikan bills into the net

Posted by EVO118 > 2022-05-19 15:47 | Report Abuse

It's not going to go anywhere until June 7, maybe June 8? from now until then it will just be gamblers around pumping and dumping with no certain direction except for their own pocket.

Posted by superrr > 2022-05-19 15:55 | Report Abuse

0.01....

Posted by superrr > 2022-05-19 15:58 | Report Abuse

All those ikan bills into the net and big sharks lari kuat Awang included...

Posted by cicakman > 2022-05-19 16:00 | Report Abuse

Coming Quaters deepen in the red.
All these while not known what really happen with the accounts.

Posted by superrr > 2022-05-19 16:02 | Report Abuse

Die slowly so you don't feel it

Posted by cicakman > 2022-05-19 16:03 | Report Abuse

Awang cuci tangan long long time ago and try to set same business in other PLC.

Posted by piranha88 > 2022-05-19 16:03 | Report Abuse

Wonder what beautiful figures will be presented to persuade the bankers not to go on with their winding up application. With shareholders Chef Karim can charm them with his BAU tactics but with bankers? Let's see how he can get out of it

Posted by BobAxelrod > 2022-05-19 16:03 |

Post removed.Why?

Posted by BobAxelrod > 2022-05-19 16:08 |

Post removed.Why?