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2021-06-25 22:17 | Report Abuse
I think they got problems with both the appointment of external auditors as well as independent reviewers(IR). Suppose to announce IR today. No news.
Posted by colin888 > Jun 25, 2021 10:09 PM | Report Abuse
My POV, the longer they delay the appointment of a reputable Auditor not the Shoplot type , the share price is going downhill. Too much damage is done to the reputation. Margin call will also set in next week
2021-06-25 22:08 | Report Abuse
China Stationery Ltd also got a lot of cash in their bank account. But it suddenly disappeared.
Posted by AlsvinChangan > Jun 25, 2021 10:06 PM | Report Abuse
SD have over 1 billions CASH in bank accounts
SD is STRONG
2021-06-25 22:00 | Report Abuse
If my estimation is correct, EPF still have just a little bit below 200 million shares to dispose next week and plus Awang and other directors margin call and bankers forced disposal, mostly all the way down next week.
2021-06-25 21:47 | Report Abuse
Even a newly appointed director also resigned. Karim said it is a restructure.
2021-06-25 21:39 | Report Abuse
If around 10% cash harvest from Net profit of RM112 mill, is it large scale money laundrying operation?
Posted by Jack Khan > Jun 25, 2021 9:21 PM | Report Abuse
Highlight from the QR!
Net cash from operating activities RM9.754M Only
Mind blowing when they have RM112M NP!
2021-06-25 19:20 | Report Abuse
Think about 200 mill left.
Posted by pang72 > Jun 25, 2021 7:14 PM | Report Abuse
Balance 283mils shares to sell next week?
Apa cerita Ini?
2021-06-25 19:09 | Report Abuse
Have you attended the civil or any case in court before, if you are star witness, the case drag for years and you have to attend after decision and appeals etc. Don't waste your time. That's why some people found it unnecessary to be in this positions and better disagree and resign.
invest_malaysia Wahlao so many top management resign in just few days. Sure something not right lo. They don’t want to get involve in this shxt. Later masuk lokap gg.
25/06/2021 7:01 PM
2021-06-25 18:54 | Report Abuse
Actually, they looked like top staff, but not, cause they are non executive directors, they attended meeting a few times a year. Their attendance are shown in the annual report. But they are supposed to advice the BOD and protect the interest of the minority shareholders, most of them end up to fill the numbers in the board rooms as required by law.
Posted by ZStrader > Jun 25, 2021 6:45 PM | Report Abuse
so many high staff resign ... sacked or resign...cleaning Inprogress
Posted by SFC1980 > Jun 25, 2021 6:45 PM | Report Abuse
That's why today INEDs collectively resigned and wash their hand clearly, they are disagree the stand that BOD take legal actions against Auditors.
2021-06-25 18:15 | Report Abuse
Results are suspected and unaudited. Not worth its paper.
ipohwhitecoffee https://www.bursamalaysia.com/market_information/announcements/company...
Results lai liao !!!!
2021-06-25 18:10 | Report Abuse
Wah just appointed also resigned. Serbak no hope, seemed like Karim and co do not understand what is corporate governance.
Posted by Enilec Mak > Jun 25, 2021 6:03 PM | Report Abuse
wah...even the new director, recently appointed also jump ship. Masleena Zaid. less than 2 weeks being director
She is like the fat lady quickly disembark the titanic before it sinks.
She must have phone shoplot chairman and f8@k him up...introduce shit to me....she says...
2021-06-25 18:06 | Report Abuse
Monday Share price rot again?
Posted by SFC1980 > Jun 25, 2021 5:58 PM | Report Abuse
5 INEDs resigned
2021-06-25 17:27 | Report Abuse
Highly likely but maybe some syndicates play up again to trap day traders.
Posted by bilisutara > Jun 25, 2021 5:24 PM | Report Abuse
We know more price limit down next week but we don't know how deep.. depend on how many million of shares thrown by EPF and other giants including the directors..
2021-06-25 17:16 | Report Abuse
He is a day trader. So he can't go see Uncle Lim, so Bursa is the only casino.
People got million ler ...just 18k losses sudah cabut.... dunno he is chicken or cakap kosong...or both
2021-06-25 17:10 | Report Abuse
Still got 200+ mill shares to go? Monday another big sell off?
Posted by kadilong > Jun 25, 2021 5:08 PM | Report Abuse
EPF throw 34mil today i guess
2021-06-25 17:07 | Report Abuse
What meeting also no use, price has collapsed. It is history. Substantial shareholders have voted with their feet because the BOD did not want to meet them. Apa mau takut, unless you got something to hide.
Posted by FutureGains > Jun 25, 2021 5:02 PM | Report Abuse
today meeting board....monday rebound
2021-06-25 16:55 | Report Abuse
More to come EPF have not sold all and Awang Bankers margin call and forced sale as price collapsed. Funny is Karim and Abdul Kader forced sale not announced as yet.
Posted by Iknow666 > Jun 25, 2021 4:52 PM | Report Abuse
Force selling is over it seems... Lets look on Monday
2021-06-25 16:30 | Report Abuse
Nothing concrete to say better dun say, all future prospect on space dream..........while Serbak go down..... escorted by punters and supporters.
Serba Dinamik MD: Daily operations running as usual, group revamp if needed
CORPORATE NEWS
Friday, 25 Jun 20213:40 PM MYT
Group managing director and chief executive officer Datuk Dr Mohd Karim Abdullah did not rule out the possibility of a change in the group's organisational structure.
2021-06-25 16:11 | Report Abuse
Yeah, if KPMG have surrendered Serbak documents to SC.
Posted by i3lurker > Jun 25, 2021 4:09 PM | Report Abuse
SC knows the law
no accounts => no crime
now is wait and wait and wait for crime to be committed
once accounts are signed, then there will be mass arrests
might even include sslee if he certifies the missing RM500 million materials on site is inside his office toilet
Gtrade SC is useless. SC could have done damage control by getting to the root of 12 phantom 4.2b rgt customers. But instead SC is rubbing its balls doing nothing. Who is the SC CEO?
25/06/2021 4:05 PM
2021-06-25 16:07 | Report Abuse
Dun forget need some one at least one person to make a report.
Posted by i3lurker > Jun 25, 2021 4:05 PM | Report Abuse
answer is NEVER
waiting game
no crime committed yet
SC and BURSA still waiting for Directors and new Auditor to commit a crime
once accounts are signed, BOD and new Auditor will be arrested
so will end up like Sumatec, no accounts means => no crime committed
uncle ConYY When will sc finish their investigation ?
25/06/2021 4:03 PM
2021-06-25 15:53 | Report Abuse
Can check who are the PP investors?
Posted by Jeffreyteck > Jun 25, 2021 3:52 PM | Report Abuse
If accounting issue is true, the recent private placement investors may take actions in the near future, that will be horrible. Trading play anyway.
2021-06-25 15:49 | Report Abuse
42 sen building volume for funds to disposed?
2021-06-25 15:09 | Report Abuse
Syndicates catching punters
Posted by siaokar > Jun 25, 2021 3:08 PM | Report Abuse
fake rebound in progress
2021-06-25 14:59 | Report Abuse
Funds voted with their feet. Must be many funds exiting.
2021-06-25 14:52 | Report Abuse
No problem, Chairman can get Shoplot auditors.
EmperorFund My sources confirm both EY and BDO rejected...dunno how true....
25/06/2021 2:49 PM
2021-06-25 14:46 | Report Abuse
Hurry, 15 mill shares at 45 sen, must be big funds dumped, Mid year sales .......................
2021-06-25 13:40 | Report Abuse
Wow, now have to get shoplot reviewer?
Posted by EmperorFund > Jun 25, 2021 1:38 PM | Report Abuse
My sources said EY rejected the deal !
2021-06-25 13:31 | Report Abuse
Lama2 kena banyak sangat Bur*it pon sakit.
There is a malay proverb that said..."Sikit Sikit...lama lama jadi Bukit...compliment from Mabel's school teacher..
In Serba case Sikit Sikit ...Lama lama jadi Gunung one...
2021-06-25 13:20 | Report Abuse
ilurker can continue watching season 3, "the GF experience", boring see Serbak going down .......on escort....
Posted by i3lurker > Jun 25, 2021 1:13 PM | Report Abuse
thats like sslee and tea lady doing it unofficially naked inside budget hotels
Wirajati Gtrade, you ve listen to the video right? It is clear, the newly appointed chair says i ve spoken to...now change to "officially". What a joke this new chair
25/06/2021 1:10 PM
2021-06-25 13:07 | Report Abuse
Arrogant fall flat on own face. Dun know time has changed since 1MDB fiasco. Jibby also near bankrupt for breaking all laws.
Posted by SFC1980 > Jun 25, 2021 1:04 PM | Report Abuse
7 years only know KPMG inexperience? Spend so much efforts for press conference must well earlier focus to settle independent review.
2021-06-25 12:31 | Report Abuse
Next thing you see PBB analyst ceased to predict on Serbak. PBB mutual sure got caught in Serbak.
wolfbroker Any analyst predictions anyone?
PBB or Aminvest maybe?
25/06/2021 12:25 PM
2021-06-25 11:24 | Report Abuse
knife falling at full speed cutting through funds, punters, trader etc. Legal action against auditors cannot help you to improve your image, more run on the share price, helping your auditors is a must......but too late, now have SC to deal with.
2021-06-25 11:05 | Report Abuse
Awang's banker lagi forced sale. What about Karim and Abdul Kader bankers?
2021-06-25 09:28 | Report Abuse
See today PC, whether the shoplot chairman will talk again. Hahah.....
Ekkram Blood bath, gud luck to the shoplot chairman for behaving like gangster during PC, coz of your badmouth market react as such..
25/06/2021 9:23 AM
2021-06-25 09:19 | Report Abuse
EPF selling and Awang banker's margin call forced sale......and other funds disposal, looks like a bottomless limit......
Posted by jackson88 > Jun 25, 2021 9:12 AM | Report Abuse
If there is margin call again, share price will definitely go below 50sen today. This has happen in last 2 weeks on every Friday afternoon
2021-06-25 08:55 | Report Abuse
KPMG quits as Serba Dinamik auditor; it's now up to SC to uncover the truth
https://www.theedgemarkets.com/article/kpmg-quits-serba-dinamik-auditor-its-now-sc-uncover-truth
2021-06-24 21:16 | Report Abuse
Salute you Mabel, Chef Karim will cook up an award for you. Undying devotion to Serbak.
Posted by Mabel > Jun 24, 2021 9:12 PM | Report Abuse
Yes Sir..
If drops some more Mabel top up... will sell more Mabel's expensive panties collection..
Meow Meow Meow
2021-06-24 21:01 | Report Abuse
Actually Funds group have requested 3 times for dialogue and explanation from Serbak management but they failed to respond. But in a Q & A session with the EDGE when asked why they have decided to appoint 3 additional directors, among the reply was that the new faces in the board want to promote better rapport with funds and other shareholders. But it turned out the additional directors were to protect the interest of major shareholders. So another big lie.
Posted by bojed > Jun 24, 2021 8:50 PM | Report Abuse
EPF's total investment assets are approximately RM981 billion. Yes, billion.
Even if they sell their remaining 317 million Serba shares at 10 sen a piece, they will still have 99.99967% of their assets for investments, but you surely can't say the same for small retailers aka ikan bilis.
The signs are clear regarding Serba's direction, at least technical-wise. If you couple it with the current sentiment, I don't know how long they can put up with this fight.
------------------------------------------------------------------------
alenac I think they have decided to cut loss and get out. They vote with their feet as Serbak management have decided to ignore the funds.
Posted by bojed > Jun 24, 2021 8:30 PM | Report Abuse
EPF have sold close to 50 million Serba shares in the span of 7 days, starting from 15th June to 21st.
If they repeat this feat 4 times, that would bring their direct holding from 8.57% down to ~4.3%.
24/06/2021 8:32 PM
2021-06-24 20:32 | Report Abuse
I think they have decided to cut loss and get out. They vote with their feet as Serbak management have decided to ignore the funds.
Posted by bojed > Jun 24, 2021 8:30 PM | Report Abuse
EPF have sold close to 50 million Serba shares in the span of 7 days, starting from 15th June to 21st.
If they repeat this feat 4 times, that would bring their direct holding from 8.57% down to ~4.3%.
2021-06-24 19:31 | Report Abuse
Just wonder some of the top 30 funds in Serbak, which would not require KLSE disclosure would have exited?
Posted by goldenluck16 > Jun 24, 2021 7:28 PM | Report Abuse
Selling spree by EPF...Very bearish.
2021-06-24 19:26 | Report Abuse
We have to thanked her for supporting this soon to be penny counter.
Posted by Mikecyc > Jun 24, 2021 7:18 PM | Report Abuse
Haha kon Mabell may keep averaging down...n EPF keep selling ...is sold another 30.6 million shares ...balance 8.56 %..
2021-06-24 19:24 | Report Abuse
Probably sold today too.
Posted by Mikecyc > Jun 24, 2021 7:21 PM | Report Abuse
On the 18 n 21 of this month...
2021-06-24 17:24 | Report Abuse
You warn them but greed overcame them. So let them be.
Posted by Twowah123 > Jun 24, 2021 5:23 PM | Report Abuse
Most ikan bilis trade and the fact is, most is just to loose more money....n they trade again and again with thinking want to cover loss but instead making another loss and loss......if u r not shark just see the show for now, unless luck is always wt ur side..
2021-06-24 16:40 | Report Abuse
Yeah no auditors would want a repeat of 1MDB. If BDO takes over, anything wrong can be sued.
Yu_and_Mee Serbadk sue KPMG, then KPMG cannot continue audit because conflicts of interest.
Which audit firm dare to audit Serbadk? If not compromise will be sued. If compromised, means if found fraud also must compromised?
Wrong action taken by Serbadk.
24/06/2021 4:37 PM
2021-06-24 16:08 | Report Abuse
Awang forced sale cumming up?
2021-06-24 16:05 | Report Abuse
Big boys unloading, now bottomless limit..........44.6 sen coming?
2021-06-24 15:58 | Report Abuse
The Pekan head chef go for legal suit is to forced KPMG to resigned. Objective has been met. Next perhaps to retrieve those questionable documents...........maybe why the need to expand the scope of review? hahahahahah..........................
2021-06-24 14:03 | Report Abuse
Hope the chairman does not have to eat his words for breakfast when they get a shoplot auditors. Get Pricewaterhouse and share will LU for a while?
Posted by messi > Jun 24, 2021 1:53 PM | Report Abuse
Company to sue external auditor for raising red flag, or not happy with the report .... Now which auditor dare to take up the job?
2021-06-24 12:35 | Report Abuse
7 years of Success has gone to his head. Just take a few days to destroy everything.
jeffchan1901 this one will go down in business text case study on what you should not do when handling crisis management
24/06/2021 12:30 PM
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-25 22:20 | Report Abuse
Once they resigned as directors, auto resigned from all commitees.
Roy 8 Why 3 members of the company's audit committee resign today? Are they forced to resign or resign on their own accord. Anyone can shed some light on this.
25/06/2021 10:17 PM