Karim&co. so cash tight it makes sense to declare dividends to shore up their personal finances...but we have seent his played out before. So long as trust issues not resolved, any attempts to use dividends, declare good news or contract wins, share buybacks, director buybacks...all only lead to sharks pushing it lower...

If there are rumours there aren't any from a reliable source yet...what i meant is if serba's problem is limited to those issues raised by KPMG then serba is ok at this price. At this juncture it looks like whatever the SIR outcome it's going to be better for share price.


dimmubroker From where the rumors that EY already confirmed KPMG report come out actually?

Did i miss the train?

Posted by UncleFollower > Sep 14, 2021 4:40 PM | Report Abuse

if the issues are only just as serba announced then even if EY concurs with KPMG serba is worth way more than this
14/09/2021 5:08 PM

Awang's force sell quantity is so small it does not contribute to the fall...more like the other way. Exit of the instituitional funds the last round allowed operators to accumulate large number of shares on sale, just look at the sheet vol...If they are in control it's very dangerous for Karim&co. They can keep driving it down below 30c force Karim's bank to sell and they buy on the cheap. We have seen that clearly happening to KYY back in Dayang...

dont be silly almost everyone sold otherwise how it fell lol

treatshijau have anyone sell all?
how is it going now?
14/09/2021 4:52 PM

How is WC having higher turnover than mother share again. What is this wei

where is the con lol it's all in the news

KPMG did not raise issues with cash balance so they do have 1B cash in hand

if they did that maybe serba 20 cents now lol

and they didnt use company cahs to prop up cash to prevent margin call by controlling shareholders

and then after force sell no more force sell - he topped up cash? if he has cash to top up why force sell to begin with...plus it really isn't a lot of $

then u see awang force sell also very odd...last round at that range no force sell. so he withdrew cash after last round share rebound???

this is the perfect time for whoever to play this stock - before clarity

there is almost no doubt nexis will approve serba...which makes it so odd again in view of the SIR

if the issues are only just as serba announced then even if EY concurs with KPMG serba is worth way more than this

so KPMG is running a real risk here

it's all odd...if there are issues beyond what has been announced, KPMG partners for the past 4-5 years must be personally liable

Yes it's quite interesting...just buy popcorn from GSC and watch drama unfold

what's worst, after wiping him out operators push it back to 1.60. How. Cry

worrying for karim not bilis...karim on margin if operators push hard enough + push some negative news out can wipe him clean....from multi B to zero. KYY's Jaks Dayang margin call pales in comparison...

10M shares at 46 cents now losing 1M. Poor Karim...

Poor Karim...happily doing multi-B biz then see his net worth evaporate. KPMG 1 little finger poke die

Pak Karim please don't take Serba private. We ride with you to $3.20. Bangsa Malaysia

Here comes the volume. Beautiful

02 Sep 2021 1,183,200 Acquired Direct Interest
CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (AMUNDI)

hopefully it's the former...because even bilis would choose mother share over wC at this price as valgrovest said. lets not forget today it's changing hands at 1.5c but last week 70M at 2.0c, when mother share 3.0c.....weird moves

psyhological level or charts...support is a moving number. now still appears to me its 37-38. major support would be last low where it bounced off sharply

only 2 possibilities...

if they are preparing for a pump to 7 or 10 cents, WC will make much more than mother shares. wC expiry still long way to go + if operators have control of price, WC is safe for them

or...they are doing a wayang show to lure in bilis like us lol and actually disposing WCs...

what do u think...

yes accumulating...or operators moving stock we dont know. fact is there was a huge buyer queue, seller cleared it, then buyer took out seller queue again. it's not that little money and not bilis move...

firesale below kamisah, brahmal, MRDIY price. Bilis win

the thing about a fundamentally strong company is you can ignore the noise and fluctuations, do nothing and wait for big gains

no news no breaking support or resistance

Another 32M WC changed hands...someone accumulating WC. Just in recent days almsot 10% of outstanding WC absorbed

Golden cross forming this week or next

This only means he is expecting to give u a positive surprise and nothing less. Gluck

Karim pulled an unusual stunt. We see large counters at least giving a date or telling investors we will delay. Even Karim's bro Minetech said something. But not Karim. Instead he went to the news to tell you it's business as usual and they are optimistic.

Putting ur credibility at stake pearlwhite, nice

pearlwhite .
SD QR coming out on 9/9/2021, Thursday.

Kpower QR coming out on 6/9/2021, Monday.

If Kpower doesn't materialise on time, then SD will accordingly be delayed.

.
04/09/2021 5:55 PM

@farmflyer well said
@SincereStock well said

@alenac if wanna trade/ play contra Bornoil really is sleeping. Like someone else here said can buy cannot sell lol. If cannot afford to lock up a part of portfolio in this counter, stay away. No one knows how long. But with the fundamentals, a gold story, and the very very very long play by the operators, the odds are in favour of a huge rise to the moon

@SincereStock MMC I will be eternally thankful to SM lol. Got stuck even before the pandemic, averaged down and then boooooommmmmmm. Swapped to Edgenta to DRB (support SM lol).

https://www.thestar.com.my/news/nation/2021/09/04/interstate-travel-sop-pending

Another thing...Bornoil has close to 10% in treasury shares. This is very rare across any counters. They can cancel them, distribute them, or sell them.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

Yes syndicates have full control. Add the 20% subscription by MQ and they have even higher control now. Very difficult for retailers to do anything. The bid spread is too wide.


Will188 One day can shoot 100mil transaction next day 1mil transaction u think u guys retailers so great? All control by operator. Don't be so naive.
04/09/2021 10:07 AM

You're like the other guy who keeps talking about high NOSH. That is really secondary. A 10-to-1 isn't a bad thing at this point. Bornoil is so heavy not only because of NOSH, it's the bid spread. 1 bid is 16% at this point, this discourages both buyers and sellers. You talked about fundamentals - precisely, if fundamentals in tact NOSH irrelevant

Will188 Sincerestock, u too sincere innocent. History tell all. That why ppl need study history and technical analysis. Fundamental tell all. Don't know go study. 2 years ago I also like u.. Don't give up. Pay attention to supply/demand. So many case company use retailer to finance expansion... At the end delisted/private. How low.. U really a fool. Do you know they can they can apply 10 shares to 1 once outstanding shares too high?
04/09/2021 10:06 AM

Many

Limestone/ marble mines. These are its largest assets now. Bulk of cash raised went into this segment. Off hand I recall close to 200M cash with guaranteed returns tied in. Clinker plant to be kicked off. All these are tied to the ongoing construction of Pan Borneo highway, which has been oft delayed. As I said before, they often get to recover bad detbs from this segment. There's credibiltiy in this segment. They claim a monopolistic position in the limestone/ clinker plant segment. They are currently short of efficient power supply and addressing logistics issue.

Gold mines. This has always been in play. Last Aug 2020 there was confirmation of gold reserves. May 2021 they bought up rights to the neighbouring gold mine. Also in cash.

For both above segment they require foreign labour/ professionals to come in. Pandemic disruption all on hold.

Fast food/ chili sauce. This drives revenue but has been losing money especially in the current environment. Not well run imho and the brand is quite dated. It's weak, any disposal in this segment is a major catalyst.

Biofraction plant sold for US5M paid in 166M OTC Verde shares. This is the source of this quarter's paper gains.

As you can see, not unlike other companies, Bornoil is also severely disrupted by covid lockdowns.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

You're quite right. It's very hard to go below 2.5c because there are simply no sellers. However history can be a reference - you can cut off at the time Hap Seng entered via the rights issue - since then only in Mar 2020 crash there was available a short period below 2.5c. There simply isn't enough stock to push it below 2.5c.

SincereStock I am positive the price hardly go lower at this point, so better risk vs reward
04/09/2021 1:58 PM

Look at the bursa announcement/ annual report la

weirdvilante @MZM2511 on what page of the QR report we can see the NTA ?
04/09/2021 2:00 PM

entry at a lower price than brahmal???

so if we buy now our cost lower than them?

wahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

investortrader88 CEO of Creador Mr Brahmal Vasudevan also hold this counter !
01/09/2021 6:33 PM

MQ got the cheap shares to dump...we have to wait for annual report to see who is holding what...

Valgrovest There are big boys here - came in and sapu all the sell Q of 3.5sen within seconds and then threw back - just to create volume of shares traded. Also at 4.52pm, one single lot transaction was seen followed immediately with three tranches of purchases of 500k shares. Something is brewing behind the scene. Would be interesting to watch the play tomorrows and the days to come.
01/09/2021 5:02 PM

tanco 2M revenue fry from 3.5c to 24.0c....when Borneo oil got oil

Movinggggg

Valgrovest The sell Q is getting smaller and smaller. Good sign.
01/09/2021 4:19 PM