Buy

wallstreetrookie @UncleFollower Don't talk so much. Hold
01/09/2021 4:09 PM

Classic sideway consolidation mode. Syndicates in full control for impending big big pump

Honestly in the March 20 crash this is the shittiest stock I bought. 1c, 1.5c, 2.0c. Buy in Jul-Aug 20 this one made the mosttttt money. Turning shit to gold

If they were to start pumping, then within this month we should see more announcements...remember how they announced the gold discovery and drove the stock up big time...pray

Clearly there are insiders...

27th 18M WC done at 1.5
30th 8M WC done at 1.5

Today 60M WC done at 2.0

For other counters maybe we say it's random.

For this counter where WC is barely traded the sudden surge in volume is clearly insider move...

So hopefully this means insider has more news and it goes up further

It's really not just the one-off. And the one-off isn't really a one-off because there could be more. I thought the biofraction was shit at first...well it is recycling shit and they turned shit to 166M shares in Verde...isn't that quite commendable...

This quarter is about 2 things other than the "one-off"

Firstly we should have expected more losses. MCO F&B and mining etc all severely affected. So no loss is already good

Secondly the reversal of mining (limestone/ marble) segment impairment losses lend credibility to their business

And all this is before their much talked about Gold Mine. Not forgetting that in May this year they just added neighbouring gold mine to their portfolio.

All being said it's really not that bad. MQ is disturbing the price, we wait

then surely they have not recommended edgenta lol

EY friend said internal dateline end October hopefully earlier

tradersampah got info the SIR on october..it is true?
01/09/2021 9:32 AM

Ooooo MRDIY boss parked some pocket change here too

Yu Yeh Tan
1.51%

Amidst pandemic and uncertainties, Malaysians turn to savouring Sabah’s ‘secret sauce’ Sabasco Published 3 Aug 2021, 2:23 pm

When the Borneo Oil Berhad (BornOil)-Sugarbun Borneo Asian Food group launched the Sabasco ‘secret sauce’ in late July 2021, the intent was to bring a unique taste of Sabah for the whole of Malaysia – and the world eventually – to enjoy.

YB Datuk Seri Panglima Dr. Jeffrey Gapari Kitingan, the Deputy Chief Minister of Agriculture and Fisheries of Sabah, had launched Sabasco at the virtual event. He had also expressed his hope that the product would eventually become a ‘worldwide sensation’ as it is in line with the Sabah Maju Jaya Development plan to expand local agriculture globally.

Now more than two months later, Sabasco has certainly made its impact throughout Malaysia. The ‘secret ingredient’ of Sabasco is the ‘Momporok’ chilli unique to Sabah.

Late last week, Former Deputy Minister of Women, Family and Community Development and Member of Parliament for Segambut YB Hannah Yeoh posted about Sabasco on Facebook, describing the taste as ‘sedap but pedas’.

YB Hannah Yeoh added that she was adding Sabasco to fish nuggets and that she preferred the sweet and spicy version better. (Note that there’s no arrangement between the Sabasco team and YB Hannah Yeoh. The above Facebook post reproduced in good faith.)

From the Facebook post, it seems that Sabasco – and certainly YB Hannah Yeoh – certainly have their loyal followings. (extract of comments below.)

A few weeks back, Malaysian professional golfer Kelly Tan, who competes on the LPGA Tour, was also pictured happily with the two versions (original and sweet and spicy) of Sabasco sauce bottles in hand.

Kelly’s first professional win came at the 2019 Florida's Natural Charity Classic on the Symetra Tour.

So what is it about Sabasco that makes the sauce so special?

For one, the Momporok chilli is so-called because, in the Dusun language, it means the ‘bulbul’ bird’s chilli.

According to the Dusun tribe, the spread of these chillies was assisted by bulbul birds, which are attracted to the chillies when they’re ripe-red. They eat them and disperse the seeds all over their region of residence, and over time, the chillies in the area develop a singular set of characteristics, aroma and taste.

BornOil Executive Director Joseph Ambrose Lee said that, in Sabah, the Momporok chilli sauce is always placed at the centre of the table in every coffee shop.

“What’s special about the Sabasco version of Sabah’s beloved Momporok chilli sauce, however, is its origins,” he said.

A town on the East Coast of Sabah, Kunak, has a geographical makeup of volcanic soils rich in nutrients and the resident ‘bulbul’ birds.

The chilli thrives in Kunak, and its aroma and spice are intensely concentrated and distinctive. Over the decades, this breed of Momporok chilli in Kunak has been cultivated by local micro-farmers who stick to growing only this breed.

“In Kunak, the (chilli) fruits are allowed more time to mature with minimal intervention to spread their growth. Due to this, the result is a much more concentrated fruit. Tiny, red and upright; it is powerful in its spice and fragrance. Its uniqueness surpasses mass-planted chillies in adjacent regions. Each chilli fruit is hand-selected to ensure freshness and quality,” Datuk Ambrose explained.

He added that, through the production of Sabasco, SugarBun hopes to share the Momporok chilli’s story, support the Kunak farming industry, create local jobs, and bring ‘growing’ back closer to nature.

“Sabasco is grown, nurtured, harvested, prepared, and bottled locally,” said Datuk Ambrose.

“This is a chilli sauce close to our hearts. This is the chilli we grew up eating. This is the chilli for our homes, our friends, and family. And now, we’re bringing it to the rest of Malaysia – and the world.”

East Malaysians will find Sugarbun a familiar name. The chain established itself in Kuching, Sarawak back in the early 80s as a bakery and ice creamery. It had also branched out to selling burgers, broasted chicken and popcorn, establishing itself as a cinema concessionaire.

Today, other than its signature broasted chicken and fish burgers, Sugarbun’s outlets also offer Sarawak laksa, Sabah giant garoupa fish meehoon soup, various other claypot dishes, pizza, and of course, to top them all off, Sabasco chilli sauce.

Sabasco Chilli Sauce comes in both ‘original’ and ‘sweet and spicy’ flavours, and can be bought online from www.sabasco.com or from Shopee, and is available at all Sugarbun, Borneo Asian Food, and Broasted outlets nationwide, as well as Pezzo outlets in East Malaysia.

Wholesalers are welcome to make enquiries by calling +6016-830-0016 or emailing market-kch@sugarbun.com.

https://www.malaysiakini.com/announcement/585664

As I always say...this company has a good record in recovering bad debts

UncleFollower 45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

So total cash including receivables is 45.6M + 12.3M + 27.7M + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.
13/08/2021 5:33 PM

If your average cost is 0.13sen you should really average down lol

http://nuclearmanbursa.blogspot.com/2021/08/will-real-slim-shady-please-stand-up.html

When it comes to Business reporting in Malaysia, the Gold Standard has always been the now defunct Business Times .

And then we have TheEdge, started by a banker and filled with mostly ex Business Times staff.

The Serba Dinamik saga, is going to make or break the Edge, in more ways then one can imagine, , as some of its editorial staff have crossed the line in their reporting.

There is something called credible reporting and something called a witch hunt.

As I said in the previous article that the market has given a premium to KPMG's credibility by a whooping 79.20 per cent that it is correct on the major and not minor issues of the audit.

In the event KPMG is not right by a margin of that size, I am afraid the Edge won't
be able to hide behind fair comment.

I was from the Business Times, and the first thing we learned was to piss straight.

I was taken aback on The Edge's narrative about auditors getting sued in Malaysia as something out of the ordinary. Try this for BREAKFAST ; Ekovest versus Deloitte.

why takeover when u can pump and dump it to bilis

YTL delay result, market calm

Serba dare to delay result, stock crash lol

Not funnier than US-Trump era, not more fraudulent than India, not cockier than thailand lol

sasword Malaijiya politic is a joke, economy is a fraud, management is a cock.
25/08/2021 4:51 PM

Fui yoh king is back

Can run more, but clear sharp up sharp down rights issue careful guys

My shareholding has not changed since May 2020 entry. Sleepy stock. Sort of nice

Comon Sabri shows us you can even if we can't stand you

prahadude Ismail sabri vape hero- https://www.malaysiakini.com/news/318857
Ahmad Maslan support reducing tobacco tax - https://www.nst.com.my/news/nation/2020/12/652714/narrow-price-gap-bet...
21/08/2021 10:14 AM

Swapping to DRB goodluck

Made so much when it went see-saw. Quiet too long since the downturn

Net cash company with some yield pre-lockdown. How did you come out with bad cashflow idea? Perhaps if you look at ongoing losses due to lockdown yes. But without the lockdowns how to buy Edgenta at this price

stevenckheng edgenta cash flow seems like not so good?
06/08/2021 2:10 PM

I'm in. Will have a quarter of my portfolio in this. Probably big loss this quarter. Highway contracts no payment. Hospital contracts cost increase no compensation. Sad case

thats why i say short term also dont sell ma

Short covering in progress

Best giler la what else better value, any?

Yes at this price no more sellers. No one has shares to sell at 2.5c. Explode to upside with a bang

THE share price performance of Serba Dinamik Holdings Bhd this year has been stellar, which is remarkable considering it is an energy services group providing engineering solutions to the still-slow oil and gas sector as well as the power generation industry.

From the day it debuted on Bursa Malaysia’s Main Market on Feb 8, its share price has jumped 106.67% to RM3.10 per share as at Dec 21, from the initial public offering price of RM1.50.

That makes it the best IPO for 2017. Affin Hwang Investment Bank Bhd and RHB Investment Bank Bhd were the joint principal advisers and joint bookrunners. Both institutions were joint underwriters for the deal, together with AmInvestment Bank Bhd and Kenanga Investment Bank Bhd. RHB IB was also the managing underwriter.

Serba Dinamik’s business activities comprise operations and maintenance services (O&M), engineering, procurement, construction and commission (EPCC), and other products and services in O&G and power generation.

Its O&M business involves maintenance, repair and overhaul (MRO) of rotating equipment and inspection, as well as repair and maintenance (IRM) of static equipment and structures. The company is ranked third and fifth in Malaysia for MRO and IRM respectively in the O&G industry.

The IPO offered a base size of 389.4 million shares at RM1.50 per share, or RM581.4 million, representing 29.2% of the company’s enlarged share base, with an over-allotment option of 58.4 million shares or RM87.6 million.

Serba Dinamik raised RM671.7 million, valuing the group at RM2 billion. At the time, it was touted as the biggest IPO in Malaysia in 19 months in terms of value, before Eco World International Bhd’s listing in April.

The IPO proceeds were used primarily for capital expenditure, with the balance going for debt repayment and working capital.

The promoters of Serba Dinamik were Datuk Mohd Abdul Karim Abdullah, Datuk Awang Daud Awang Putera and Abdul Kadier Sahib, who collectively owned 83.93% of the group’s share base prior to the IPO.

Post-IPO, Serba Dinamik’s largest shareholder is Karim with a 25.27% stake followed by Kadier with 20.77%, while Daud Awang owns 11.7%. Kumpulan Wang Persaraan has a 5.78% stake as at Dec 20, and the Employees Provident Fund (EPF) holds 5.3%.

Serba Dinamik’s IPO is especially noteworthy since it was launched in a volatile global environment when equity markets were affected by China’s slowdown, Brexit and falling commodity prices, among other factors. Oil prices that remained depressed longer than expected made marketing the exercise even more challenging.

Despite the headwinds, the listing was successfully executed within the timeline, and priced at the top of the RM1.30 and RM1.50 per share indicative price range.

Since then, the stock has benefitted from rising oil prices over the last 12 months. The production quotas set by the Organisation of Petroleum Exporting Countries and Russia have boosted the crude oil price to more than US$60 per barrel, from US$45, in the past six months.

A month after its debut, the stock closed at RM1.75, up 17% over its final IPO price. By Nov 24, it had almost doubled to RM2.92.

Serba Dinamik’s slew of contract wins — totalling RM2.5 billion as at Nov 30 — which raised its outstanding order book to RM5.3 billion — was another major factor that boosted its share price. O&M jobs made up RM4 billion of total orders, with the remaining RM1.3 billion from EPCC contracts.

KUALA LUMPUR (Jan 22): Serba Dinamik Holdings Bhd said today its proposed private placement involving 336.83 million new shares was oversubscribed by 1.85 times.

In conjunction with the completion of the private placement’s book-building exercise, the oil and gas service provider said in its bourse filing the issue price of the private placement shares was fixed at RM1.51 per share, representing a discount of 8.1% to the five-day volume weighted average market price of its shares up to and including Jan 21 of RM1.64.

At RM1.51, the company is expected to raise gross proceeds of RM508.61 million.

Meanwhile, Serba Dinamik said the placement shares issued to its managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah, who is also the company’s largest shareholder, amount to 56.29 million shares or 1.7% of the existing total number of the company issued shares (excluding treasury shares) as at Jan 21.

“Any final allocation of placement shares to investors under the proposed private placement is subject to the review and approval of Bursa Securities which will occur subsequent to the date hereof and the final number of placement shares to be issued and allotted under the proposed private placement shall be determined thereafter accordingly,” it added.

Previously, Serba Dinamik has earmarked a sum of RM303.46 million from the proceeds for projects in Abu Dhabi. It also intends to use RM100 million to repay its borrowings and another RM100 million for its Teluk Ramunia Yard project in Johor.

Trading in Serba Dinamik shares was halted for an hour today, from 9am to 10 am.

At midday break, Serba Dinamik fell 3.68% or six sen to RM1.57, valuing it at RM5.32 billion.

Shafie DPM, Bornoil fly to the sky

U know at ur swap price Bornoil 0.04 approximates Top Glove 6.00

Cant say bye Bornoil is that bad an idea...but a swap to TopGlove? Really? Omg

whistleblower since you seem to be in the know what they are up to...and considering MQ floor price 2.5 cents...could you share with us how and who has the shares to push this down below 2.5 cents?

I dont know why you are so worried about share consolidation whistleblow. Consolidation isnt necessarily bad. If u wanna compare penny stocks look at vivocom. Bornoil isnt focus dynamic clan so dont worry

45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

So total cash including receivables is 45.6M + 12.3M + 27.7M + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.

Give chance la...covid like that...lockdown like that...gold mine limestone mine food biz all hit. Bornoil not unlike other companies also hit.

The mighty dialog coming this low

UMNO wont die so Serba shareholders ok lol

if Karim's power comes from PN or UMNO....

i'm not following NICE. Maybe they doing same thing there

this 20% gave them shares to bring it down. Then subscribe at 2.5c

to bring share price down u need shares

nice play by macquarie

YB endorses Sabasco lol

https://www.facebook.com/hannahyeoh/posts/357127252446955

Indeed well spotted

Investeye Take opportunity to buy some as present down trend just look likes ticket collection pattern.
28/07/2021 3:33 PM

Serba is just moving like Armada in crisis

Unfortunately phillip morris not on bursa...IQOS is far superior

Questions...what is MQ waiting for at this price...and who has shares to sell at 2.5 cents