For SD, Mabel very Goyang Kaki..Got Free Warrants mah..
Mabel now busy collecting SE...
Meow
Stock: [SAPNRG]: SAPURA ENERGY BHD
Jul 25, 2022 11:18 AM | Report Abuse
Directors Share Purchases (Beta)
DATO' SHAHRIMAN BIN SHAMSUDDIN added 19047600.0 units announced on 28 Oct 2021 at ~RM0.1
DATUK IAIN JOHN LO added 50000.0 units announced on 16 Aug 2021 at ~RM0.13
TAN SRI DATO' MEGAT ZAHARUDDIN BIN MEGAT MOHD NOR added 500000.0 units announced on 23 Sep 2020 at ~RM0.115
DATUK MOHD ANUAR BIN TAIB added 800000.0 units announced on 22 Sep 2020 at ~RM0.115
TAN SRI DATO' SERI SHAMSUL AZHAR BIN ABBAS added 2994700.0 units announced on 09 Sep 2020 at ~RM0.095
Looks all the Insiders are buying much more than Mabel's average cost...
Like that Mabel will continue at 4 sen... Like that Mabel will continue at 3.5 sen... Like that Mabel will continue at 3 sen... Like that Mabel will continue at 2.5 sen... Like that Mabel will continue at 2 sen... Like that Mabel will continue at 1.5 sen... Like that Mabel will continue at 1 sen....
Please help Mabel ya...Sell to Mabel ...
One day don't be surprise to see Mabel signing off with
Compare to SD, SE has issues 16 billion shares. So it's not easy to move this Big Battleship..
Mabel Serba Interceptor on the other hand has only issue 3.7 billion shares which is 1/4 of Sapnrg. It's the Fastest ship in the Caribbean. The only Battleship than can beat Interceptor is Armada Black Pearls...This is highly speculative stocks. Both SE and SD are PN17. These Battleships does not follow Warren Buffet investment selection criteria.
Mabel is using the cigar butt strategy to invest in these two Battleship. It can be a multibagger just like what happen to Barakah previously where Mabel locked in 800% Profits.
Forum community service...Guys you can actually subscribe to Simply Wall St on your own for latest shareholders information on Serbadk...the first 5 reports are FOC. Only the 6th report onwards are charged...
We refer to the Company’s announcements on 18 May 2022, 3 June 2022, 9 June 2022 and 30 June 2022. Unless indicated otherwise, all terms and expression used herein shall have the meaning assigned them under those announcements. The Board of Directors of Serba Dinamik Holdings Berhad ("Serba" or the "Company") is pleased to announce that resolutions set out in the following notices of Court Convened Meeting of the following Scheme Companies were duly passed by the Scheme Creditors by way of poll: (a) notice of meeting dated 30 June 2022 of Serba Dinamik Holdings Berhad; (b) notice of meeting dated 30 June 2022 of Serba Dinamik Group Berhad; (c) notice of meeting dated 30 June 2022 of Serba Dinamik Sdn Bhd; (d) notice of meeting dated 30 June 2022 of Serba Dinamik Development Sdn Bhd; and (e) notice of meeting dated 30 June 2022 of SD Controls Sdn Bhd. The results of the poll were verified by the Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Scheme Companies. A copy of the polling results is attached for reference. This announcement is dated 25 July 2022.
time is ticking,......serbadk is being chained up.,......can this corporate magician pak karim set it free,.......or he make himself disappear,.........
Looks smooth sailing as the The Board of Directors of Serba Dinamik Holdings Berhad ("Serba" or the "Company") is pleased to announce that resolutions set out in the following notices of Court Convened Meeting of the following Scheme Companies were duly passed by the Scheme Creditors by way of poll:
(a) notice of meeting dated 30 June 2022 of Serba Dinamik Holdings Berhad; (b) notice of meeting dated 30 June 2022 of Serba Dinamik Group Berhad; (c) notice of meeting dated 30 June 2022 of Serba Dinamik Sdn Bhd; (d) notice of meeting dated 30 June 2022 of Serba Dinamik Development Sdn Bhd; and (e) notice of meeting dated 30 June 2022 of SD Controls Sdn Bhd.
Definitely it's going to restruture..End of day it will pay back it's creditors, suppliers,employees.all it's sellable assets are to be sold.. what left for shareholders are zero value..
BobAxelrod Longkang cat all out of breath.....everyday cut and paste thrash and blow too much. She's the best of the best at blow jobs, blow water, blow farts, blow balloons and blow man.
No matter what she does, she has already failed and lost her fortune in SD SAP, Parkson, Dnex and KNM.. Caught SD at 1.60 and average all the way to 12c........died kaw kaw........Now shouting for SD to go up few % nyah, also so difficult........how to even recover 10c.......5c bolih tak??? 25/07/2022 6:10 PM
OU are talking about you ke? Mabel Good Gal give advice mah..pity you for losing so much in Hibi, SD, TG and KNM..
Meow
Stock: [SAPNRG]: SAPURA ENERGY BHD
Jun 27, 2022 11:44 AM | Report Abuse
#Mikecyc Haha why is kon Bobb leh :
1.) Use many aka id to promote stock : Trevor777 , Trevor888 , Dr Michael
2.) Used id image to Axe Capital CEO Billionaire BobbyAxelrod and New Boss Michael .
3.) posted in SD said will not recommend his best stock but is used so many aka id to promote stock .
4.) When ppl made a query on his promoted stock with Trading Software , replied is Dumb lah , Kid lah , n further with Suckk yr momm milk lah :
<Why don't they call for selling ALL at RM4.00 ? Are their algo trading software always that accurate. Even in this counter as the shares have been speculated with huge increase hence their algo trading margin of error is small.
I only question him what wrong with TP RM2 . Please explain?
Creditors vote in favour of Serba Dinamik's scheme of arrangement
KUALA LUMPUR (July 25): Serba Dinamik Holdings Bhd said its creditors have approved the scheme of arrangement proposed by the group and its four subsidiaries, with between 83% and 100% creditors voting in support of it.
The group itself garnered 95.74% support from its creditors, while its subsidiaries Serba Dinamik Group Bhd (SDGB) received 100%, Serba Dinamik Sdn Bhd (SDSB) received 99.21%, SD Controls Sdn Bhd received 86.43% and Serba Dinamik Development Sdn Bhd (SDDSB) secured 83%.
The voting was held at a court convened meeting at the Ideal City Convention Centre, Shah Alam, on Monday morning (July 25).
A source familiar with the matter told The Edge that the scheme of arrangement will proceed as more than 75% votes from its creditors were received.
It is understood that under the scheme of arrangement, creditors will get 15% of what is owed by Serba Dinamik, SDGB and SDSB, with the balance to be worked out in another scheme of arrangement possibly by the end of the year.
“The balance 85% of the outstanding debts shall be dealt with in subsequent schemes as more assets are sold by entities within Serba Dinamik and other cash flow sources arising from existing and new businesses from within the Serba Dinamik group,” the scheme of arrangement sighted by The Edge stated.
The other two companies, SD Controls and SDDSB, will fully repay their debts, according to the scheme.
SD Controls, SDDSB and SDSB are subsidiaries of SDGB, which is in turn a subsidiary of Serba Dinamik.
It was reported last month that the creditors had reached a settlement with Serba Dinamik with the scheme of arrangement and would hold their applications for a winding-up petition against Serba Dinamik and its subsidiaries, provided the companies do not default on the payment of debts, as proposed under the scheme. This resulted in a consent order being recorded at the High Court when the application for the scheme of arrangement came up for hearing before Justice Atan Mustaffa Yussof Ahmad.
The lenders — comprising six syndicated and bilateral lenders, 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 — had filed the winding-up petition against the companies in April after they failed to service their RM1.2 billion syndicated term financing.
Subsequently, Serba Dinamik and its subsidiaries filed for a restraining order against the creditors and proposed the scheme of arrangement in June to restructure the group's debt obligations, which proposed "a 100% return to the company's creditors". At that time, the group said it had identified "some assets for immediate sale" to generate the cash flow required to meet the group's liabilities.
Serba Dinamik is also facing another suit by Malaysian Trustees Bhd, the trustee of Serba Dinamik’s RM100 million Islamic Commercial Papers (ICP), which the company had defaulted on. The papers are being held by Amanahraya Investment Management Sdn Bhd (ARIM), a wholly-owned unit of Amanah Raya Bhd.
In April, the group, alongside four senior company officials were fined a total of RM16 million for submitting false statements regarding its RM6.01 billion revenue in the 12-month period ended Dec 31, 2020 (FY2020)
Shares of Serba Dinamik rose half a sen or 6.25% to settle at 8.5 sen on Monday, giving the group a market capitalisation of RM316.81 million.
No Haircuts are required to the lenders — comprising six syndicated and bilateral lenders, 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..
This latest agreement to arrange settlement of debts with creditors is a step forward for Serba and towards PN17 exemption soon. Hope all Naysayers Uncles and Aunties are put to rest and Congrats to those that has capitalised on this news..
Like Mabel shared many times, you need to give 2-3 years. This is highly speculative Battleship. Both SE and SD are PN17. These counters does not follow Warren Buffet investment selection criteria. Mabel is using the cigar butt strategy to invest in these two Battleship. It can be a multibagger just like what happen to Barakah previously where Mabel locked in 800% Profits. Buy what pleases you!
Credits must be given where credits are due. Anyone think the 6 bankers would accept the scheme of arrangement without doing due diligence? These bankers do not just come with lawyer but also with accountants and risk management team. Passing all the schemes with minimally 83% is not an easy task. One cannot just talk their way out with bankers. In simple terms, bankers would definitely ask SD to "show me your money".
Serba is yet out of the wood but this is a very important step in the right compass direction towards exiting the woods that they were thrown into.
happy888, what has the bankers got to lose by waiting? If they force it upon Serba now, they lose everything, but by waiting, maybe karim can deliver and they get back everything. I bet one of the T&C is no sales of asset without their approval. Thus, the bankers got nothing more to lose by waiting, and if karim fails to deliver, they will just continue with the court case.
InsiderShark, imagine if bankers reject all serba SoA. Would it be better or worse for Serba? If the SoA is ridiculous to the extent of non feasible, can the bankers accept it? Accepting it is a big responsibility that they have to convey back to the board of directors especially HSBC on why they are accepting it.
Dont count the cocks before they are hatched but what is encouraging now is the emergence of the gleam of dim light from the long dark tunnel. How long can the gleam of dim light last remains to be seen. Time can heal but time can also kill................
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Posted by Vicky > 2022-07-25 10:27 | Report Abuse
Time to fly. Wakanda forever ! Go serba