https://www.oedigital.com/news/488930-fpso-demand-booming-10-units-expected-to-be-ordered-in-2022

FPSO demand booming!

Karim force selling over 100 million shares around 30 to 40 sen. If you were Karim, will you buy back 100 million shares at 50 sen and above? Let's see.

06/07/2021 9:26 AM

Mabel

Thank you for sharing this great news to us Bon888!

I'm one of the `haters`, telling you `Sell on News`.

Cheers!

https://focusmalaysia.my/serbas-founder-doesnt-want-to-miss-the-fun-in-its-share-price-recovery/

Wow Mabel and Ponpipi on the focus Malaysia news! This focus Malaysia clearly side to Serba.

Uncle Lim, Suepipi and many others, good luck!

I guess Karim and gang strongly believe they did nothing wrong dealing with crook suppliers is a norm in local oil and gas industry, multi billions project in UAE 49% own by SD and awarded to SD looks OK.

Suddenly the music stopped and share price cirit-birit, now they realized how serious this problem is. Too late to recuse.

PPIM please sue KWSP and PNB for pressing down SD share price.

@ Nam Uni

The cash balance in account is not enough to run daily operation.

Share buy back now? Is like throwing stones into the deep ocean.

Dividend? Karim should have announce it two days ago but he didn't. No bank going to borrow money to SD, cash flow is in ICU now!

Dr. Eggwin average down lah. Pandainya.

Cursed by lady Ramunia.

DickyMe 20 sen akan datang.
29/06/2021 5:09 PM

Dicky global Oil and Gas on bullish trend, Armada resolved debts issues and reported steady profits for consecutive 3 quarters. What make you think the price will drop to 20 sen?

Don't go too fast, maintain 45 degree up trend. I still accumulating.

29/06/2021 12:20 PM

ggcomliao RI PP to get mani la
29/06/2021 12:21 PM

Air mani ke?

Cashflow is blood stream in company`s body. The body can't survive without blood. Who want to donate blood to the crook company at this moment? Mr. Tan Ku Ku?

Surebet SD asset value at 94c more stable than barakah or bumi armada.

Hello Surebet SD fake profit with little cash flow. All SD profits written in buku 555 or backyard junk inventory.

Check Armada`s cash flow, every quarter got cash to make loan repayment.

Look at the dumping at 0.34. Want cash don't want shares.

This forum tools still in 90`s. Reply message also have to copy and paste. Susah.

Sharks tunggu billis besar jadi ikan kembong, makan baru sedap dan kenyang.

Today yamseng first, don't cry on Friday ya. EY just rejected the offer in professional manner.

Got green run for your life, small gain or cut loss. There are many counters undervalue now.

Bravo Tangen1985! Good comment.

Half cooked online sifu told the members average down. Told the members fundamental is strong. Don't know how to read financial statement already open classes.

The Dr. Eggwin a chartist also failed to detect the downtrend. Don't know cutlass.

Employee of SD don't worry about your job. Whatever SD have in Malaysia will still be there and business will be running as usual. Just it will be lelong by debtors, maybe to Dayang or Sapura. Management team have to worry about their job, the others will get new bosses. Live goes on.

Retail investors get shares number in their CDS account.

Don't worry once KWSP n PNB ceased as substantial shareholders. Pak Karam will bring in new substantial shareholder from UAE at 5.01% before the last clearance stock.

When you see new substantial shareholder showing as potential White Knight, last chance for you to run.

Eh Utusan yang hari hari jual itu KWSP lah. Yang hari hari beli itu anak-anak Melaysia. Minta Ahjib punya anak panggil Deloitte masuk audit serbak, ikut saja cara settle 1MBD dulu.

Dr. Eggwin don't average down, sell all now and buy it back at 0.10. You will have more shares compare to average down method.

Teach you this method free of charge.

Karim biggest mistake bought the cursed land Teluk Ramunia. 行衰运。

Next quarter (end Aug) Armada will announce another handsome results. By the time, all IB will revise the TP from 0.80 to 1.20. I'm looking for fourfold earning from this counter, a long waiting since last year.

Oil and Gas services is essential services what MCO Serba is talking about.

Pak Karam please please don't drop the soap!

Look at the Serba`s Sukuk in bond market. Bleeding blood. No chance to raise new bond, no one will subscribe the future PP. Maybe rights issue or borrow from ah long.

https://www.bondsupermart.com/bsm/bond-factsheet/XS1900582476

Posted by garyloh > Jun 28, 2021 10:00 AM | Report Abuse

hope we are right.. this company fundamental is very strong...


@grayloh do you really know what is company fundamental?

Pak Karim's company showing profit but all the profit written in buku 555 or inventory. Keep borrowing money / raise PP to run the company including paying dividend.

Posted by DannyArcher > Jun 28, 2021 9:53 AM | Report Abuse

@Bon888

So desperate to lie? You must be one of the glove holders that talked about dividend. Serba got no dividend this quarter.

@DannyArcher

oh my mistake on serba dividend. Deleted my post.
Btw I don't own any Serba shares and no intend to buy. I holding Armada, Armada no dividend since year 2016.

Serbak deleted the Uncle Tan article from official web site. Unturned?

If business as usual, why SD worry about rumours in forum. Someone very worry about margin call next week.

Cash flow from operation RM9 million not enough to pay for the crook lawyer fees. Have to borrow from bank or issue more Sukuk bonds. OR Rights issue shareholders OK or not?

Pak Karim jual nasi lemak dapat keuntungan RM113 sehari. RM9 tunai daripada keuntungan sebanyak RM113 itu yang baki RM104 tulis dalam buku 555. Esok pagi kenalah minta macik Kiah pinjam RM100 untuk buka gerai nasi lemak.

Don't average down, just sell all you have first thing in the monday morning as price could go up due to solid quarter profit and then pick up at much much lower price when Karam get the margin call or when EPF dumping shares. Next waiting for LU when Karam won the case but be prepared to meet Mr. Tan Ku Ku.

Updated morivae`s story line

1st shot - KPMG red-flagged

2nd shot - half bake answer to KPMG(auditors would not go to ur INED or SC if you management had answer all the questions professionally)

3rd shot - Appointment of independent auditor (This is great move IF KPMG really did wrong, and new independent would solve the problems, atless the share price would remain sideway until the results came out)

4th shot - Legal Suit!!!! (WORST move EVER!!!!)

5th shot - INED resigns

6th shot - EPF resigns

7th shot - New substantial shareholder bought 5.01% shares at new low price, more newbies collected discounted shares at all time low hoping the white knight able to turnaround the situation.

8th shot - Unable to submit audited annual report by due date.

9th shot - ALL resigns

Last shot - Bye Bye SD, most of the newbies bought at the bottom left KLSE and never come back.

Someone posted uncle KYY`s XingQuan story. What happened to his investment after XingQuan delisted? He get back his return from China conman?

Foxconn doesn't care about share price or shareholding in Dnex. Their interest is on the supply chain of semiconductor and new EV business. As long as their people is in the board, everything is fine.

Armada doing international business, nothing to do with Malaysia politic. Malaysia change government or not doesn't impact to Armada`s earning.

Don't compare Armada with SD. Armada already resolved operation issues and lower down the debts. She already out from the storm.

Foxconn already put people in board of directors, objective achieved. Substantial shareholder or not doesn't matter. They not interested in Dnex shareholding.

Honhai ceasing because too much warrant conversion. Ask Taiwanese buy more shares from open market.

Mr. Pang you off too fast, the voyage just started. It is a long journey with great rewards.

Standing strong on 0.50 phycological level. Next challenge for 0.55. This fleet of battleships finally sailing to the destination.

Maximum 2 limit down, tomorrow keep at last flat price. Friday price please ask the god

Tmrw break 0.50. This time Hoseh Liao!

CGP just a fund manager, they need someone from the industry to look after the investment. They may team up with Foxconn to get a control of the company.