two years a for rm2,70 one cud buy 1000 shares of SD. now for that same amount of money , one can buy 90000 shares. one cus also buy 2700 roti canais. now with taht amount of money one wud only get around 100 roti canai at todays prices. it is niting compared to the wagyu beef taht the management team is eating
InvestorKING Mabel got bad intention of luring innocent investors to buy SD... 11/09/2022 8:29 AM
A few things need to be done...
1) unlift the sanction. Then make soa with hsbc shanghai 2) once sanction unlift, start the first payment for the 6banks 3) then need to complete the sir 4) finally need to keluar the unqualified ar
Now you know why Mabel said this whole process will take some time..
So Mabel continues to goyang kaki..
6th Gear is already very fast. If Serba can resolve the above issues then 7th Gear will be the final gear shift to the checker flag..
Please stay out from this Stocks. There are many better counters out there.
Like Mabel said many times these 3 Battleships (SE, SD and Dnex) are Mabel's turnaround Case Study. That's why Mabel said they needs 2-3 years using Warren's Cigarette Butt strategy. These is not for everyone. There are many other more handsome counters which Mabel share earlier.
Mabel is here to cheer Mabel Battleships. Mabel Top 2 Strikers, Dnex Lionel Messi and Sapnrg Thomas Muller is already on attacking mode. Despite all the bad news and scary stories from Uncle, Serba volume is still much better than Uncle's pmcorpes with more than 1 million share traded.
Dnex reported fantastic result. Dagang NeXchange Bhd (DNeX) recorded a net profit of RM549.59 million and revenue of RM1.44 billion in the financial year ended June 30, 2022 (FY22) while Sapura Energy returns to black in 1Q with net profit of RM91.93 mil. Beside that Serba Dinamik just bags "Best Oil & Gas and Most Sustainable Energy Company" Achievement Award 2022 Let's hope come 15th September, this striker will wake up..
Haven't you heard about delay your gratification?
Mummy always said, compounding will take care of itself...
For Serba, Mabel oledi on 6th Gear. Now just Goyang Kaki waiting to shift to 7th Gear.
KUALA LUMPUR: Affin Hwang Capital expects a strong second half of 2022 (2H22) profit turnaround for Velesto Energy Bhd on the back of a higher capacity utilisation. The research house said the drilling market outlook had turned more favourable compared to a quarter ago with demand and charter rates on the rise.
Barring any unforeseen disruptions, it said Velesto should end 2022 with a full-year 59 per cent utilisation. "Management is also sticking to its bullish tone as it expects utilisation to rise close to 80 per cent in 2023 from our existing 65 per cent assumption.
"Velesto has locked in roughly 18 per cent utilisation so far, with most of the potential contracts still under negotiation under Petronas' umbrella package," it said. Meanwhile, the firm said the estimated higher 72 per cent rig utilisation in 2H22, above Velesto's 60 per cent breakeven level should lead to a strong profit turnaround and narrow 2022 losses significantly.
It said 2023 was shaping up to be a strong recovery year driven by a recovery in both rig demand and charter rates. "We reaffirm our Buy rating and target price of 11 sen on Velesto. "We believe market expectation on Velesto has bottomed and downside on its share price appears limited. "We see value emerging and believe that the current share price has not factored in the improving drilling market outlook," it added.
LOOK LIKE SERBADK WILL BE SCRAPPED,.......2.5 SEN ALREADY,......BETTER SUSPEND SERBADK,.......NO POINT TO LET SI AWANG & SI KARIM SELLING SERBADK BEFORE CLOSING DOWN,.......
Well, looking into the accounts Serba still have 6.4B in assets. No wonder banks are so interested to liquidate Serba. The questions are has Serba exhausted all the ideas to save the company. Just like Sapura with oil at USD80 per barrel even in recession still able to floats with a whopping of 11B in debts. Too hard for force Sapura into bankruptcy as institution invested billions of ringgit into this company. In June which Serba CFO indicated that able to pay back every single cents. Serba cash is tight and cash is King. Will Serba merged with its siblings SCIB & Kpower to obtain cash to stay afloat ? Will Serba downsize to liquidate some cash in its assets ? Will Serba bought over by another company ? Miracles could happen. The end game of this IT final chapter saga is Jan, 2023. The end of Serba marks the end of a capable Bumiputra company of Malaysia down by hidden hands. All started with Serba itself with KPMG audit saga, then Bursa holding back the case for too long and now for economic reasons it runs again but facing dire straits in the accumulation of debts. The count down still on for another 4 more months for the final moments of Serba. Stay tuned for more stories from Serba HQ.
Finally the non-independent and dependent directors may need to contribute cash to ensure Serba to stay afloat and share buy-back in previous AGM meeting. The audit saga clearly taught all public listed company not to mess around with financials as there are investors monies. If Serba face bankruptcy all directors served as a guarantor will also face bankruptcy and legal action domestically and internationally. The repercussion is huge. There are also many companies like Serba poorly manage of its financials in Bursa. Time bomb is tickling pending Serba HQ more announcements or face consequences in 4 months time. Bank is always banks and they always chase their monies. Unless Serba seek assistance from BNM like what Sapura has done.
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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....
InvestorKING
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Posted by InvestorKING > 2022-09-11 08:29 | Report Abuse
Mabel got bad intention of luring innocent investors to buy SD...