SDR245 Any positive news from EY , serba will fly. Downside limited from here. Almost sold out and in bottom.

Optimist, down side is like other companies in PN17, RM0.1 - 0.15

pearlwhite .

FOR TING TONG TIN CAN KLSEI3 DREBARS STUCK AT 60 SEN ABOVE..

HERE IS A TELECONVERSATION THAT WAS NOTED DOWN IN MY PREVIOUS POST

FOR YOU TO REFRESH YOUR MEMORIES (SWEET)

----------------------------

Jun 15, 2021 2:46 PM | Report Abuse

.
KPMG Auditor Calls EY Friend to double check accounting standards and auditing standards and actoins

End April 2021


I believe you have omitted many KPMG presentations to management with no progress, ditto the Audit Committee before going to Bursa and SC.

Fanboys like to think KPMG didn't address the issues with Serba management. This would not be the case in my experience.

madmatts Because I still believe SD is a strong fundamental company. Been around more then 20yrs. And I know their core business. I also came when it is cheap. If I lose, I just lose a little. that it. i think it is not the right time they came in yet.

Cheap implies underlying value.

As Serba stands with a red-flagged 2020AR no one knows the value of the company so what you call cheap is probably only a relatively low price which may, however, be highly overvalued if the books indeed don't add up.

jeffchoo It seem the scope of work/review to be performed by EY is similar to the issues raise by kpmg... So the qestion is.. Could ithe review in due course be any different from kpmg.. Or could it be substantially different from kpmg.....? I look forward to the outcome of the review.

Good question. The Serba BoD thought they could get away with the IR only addressing the childish issues they list in their 5th May slide show, which forgot about the elephant in the room, the RM4.5b that didn't add up. Bursa and SC has since stated the IR has to address ALL KPMG's red-flagged items.

It would only seem a matter of time...

bobvic96 madmatts Not me, I don't care, myybe someday, somebody will. i just come in thiis SD forum buy few thousand that it.


Why would you?

The Directors still haven't bought shares!

Maybe they:
(1) are already too rich?
(2) have no cash?
(3) can't get loan?
(4) know Serba is not a good investment!

Being honest, if they buy >= 10m shares each, at a cost of circa RM4.5m it would boost the share price tremendously. However, the don't appear to want to risk their money.

I wonder why?


It is quite obvious the BoD is what is holding Serba back. They need to step down so the company can be salvaged.

Giant egos now slumming it yet unwilling to give up for the greater good.

madmatts Not me, I don't care, myybe someday, somebody will. i just come in thiis SD forum buy few thousand that it.


Why would you?

The Directors still haven't bought shares!

Maybe they:
(1) are already too rich?
(2) have no cash?
(3) can't get loan?
(4) know Serba is not a good investment!

Being honest, if they buy >= 10m shares each, at a cost of circa RM4.5m it would boost the share price tremendously. However, the don't appear to want to risk their money.

I wonder why?

UnSteady ConPeepee:
Do you remember these posts? I believe the first one, dated 1st June 2021, is your first post on the Serba chat:

Posted by Steady Punpipi > Jun 1, 2021 7:47 PM | Report Abuse
Sapurna , Knm , Velesto, Alan.....new joiner Serba D..dun sell lower than the rest ya


Posted by Steady Punpipi > Jun 1, 2021 9:35 PM | Report Abuse
Careful no quick gain instead quick lost ....trade with care

Posted by Steady Punpipi > Jun 3, 2021 6:25 AM | Report Abuse
No get rich quick Ponzi scheme ...it could backfires and the results would be fatal

Posted by Steady Punpipi > Jun 3, 2021 6:26 AM | Report Abuse
Only those greedies will fall into the tiger mouth

Posted by Steady Punpipi Jun 4, 2021 8:37 PM | Report Abuse
Internal wise has sold ...only left those dumbfounds awaiting a rebound which never come


You appear to have had a perfectly normal attitude to a sinking Titanic when you saw it.
But then you took 9 days off and when you returned you idolise Karim. It would appear that you either:

1) sold your soul to the dark side and worship Karim.
2) had a full lobotomy and worship Karim
3) became an employee of Serba to lead the Fanboys, get paid per post and worship Karim

In any case, although we can’t discount the possibility you may have taken up all three options, you now only submit unverified /unverifiable posts full of conjecture and, unfortunately, continuously.

A question you still haven’t answered, “why haven’t the Directors bought shares at this bargain price”?

DepecheM Where's the piece of news saying that KPMG and EY will cooperate? Please share the news le

Sorry to disappoint but that is typical Fanboy conjecture from an Air Times, Malaysia Focus, Malaysian Reserve type advertorial page where you could imply that was the case from the way it is written.

Despite numerous requests no one has been able to show a link where KPMG's lawyers have allowed KPMG to provide their data to EY nor one that states EY have signed.

If EY haven't signed, Bursa are a little slow getting off the pot and sanctioning Serba.

treatshijau Now, the price is already the same as before. Need to see some increment. That's the most important part. Would be great if SD take extra measures to ensure this one is successful

A good step in that direction would be if the BoD stepped down so the company can be rescued.

pearlwhite .
Uncle Lim said 11am got show.

Lets see his credibility upheld or thrown into trash.

the_Lying_Dogfish only has credibility as a liar (verified).

Oh dear, oh no! Something's not right! a quiver, shiver kind of fright! There's something going wrong! The Directors still haven't bought shares!!!!!!

Maybe they:
(1) are already too rich?
(2) have no cash?
(3) can't get loan?
(4) know Serba is not a good investment!

The Fanboys should have a collection for the Directors so they can buy one lot each!

wongchin Anyone one can give me 1 good reason to invest in SD??

Only if you want to get rid of excess wealth.

Trading appears to be a profitable option.

Consider investing when the Directors buy shares.

PSAi3alert In Parmalat, the confirmation fraud was via a lawyer's address that was used to impersonate a customer.

Wirecard's confirmation fraud was through fake OCBC Singapore's address.

Here in Serba, it's as simple as controlled PO boxes, domain names and email addresses for confirmation fraud.

It's not about oil & gas or construction accounting practices. Those are all hypothetical questions for non-existent customers.

Interesting revelations! Have MACC been called in to investigate?

UnSteady Conpeepee, I found some very interesting posts of yours :)

Steady Punpipi Time is ticking fast ...Dato Dr Karim and team has speed up the process to provide an answer or truth in the court of law ....thank you for your supports and patience ...every SDK SH even 100 lots doesnt matter , wghat matter most is we saved the best rewards for the true deserving SDK SH .

Hopefully this case will get to the law court and will be the end of the BoD.

Steady Punpipi EY and KPMG deal thru their respective legal appointee....well done Shafie team . Thank you

Another unverified / unverifiable post from UnSTeady Conpeepee. Show the link that states that rather than making assumptions and conjecture.

bobvic96 bobvic96 iHunter Good Morning everybody,
It's another day beautiful day to acquire stock and sentiment among the institutionals are good.
The volume and closing price last Friday is also good. Let's see if we can penetrate almost to 54.5 cents today. We have given you head-up and we probably unable to wait if too many agents start their accusations process and the price up too fast.

Please check your remiser for entry price.

I will not be updating on this forum today because I need to focus on a few counters particularly this counter.

Have a marvelous trade everybody.

Your apparent altruism is astounding but, being a born sceptic, I'm suspicious of your true motives.

How about this for a scenario:
First thing is to show you have some influence over the share price, but that doesn't appear to be sustainable unless you can get other sharks to help

Second is to get people into believing you are a nice guy looking after peoples; best interests, doing charity work, etc.

Lastly, you lead everyone up the garden path to a higher price and then pull the ground from under their feet.

siaokar ihunter = conpipi dupe account

I really doubt this statement

hijau belalang No need to say much about this. Still have the confidence SD will perform better.

Any thoughts on this matter?

https://focusmalaysia.my/serba-some-progress-made-while-awaiting-other...

For something in Focus Malaysia, it appears very factual with no conjecture. Probably because it contains the words of the Chairman of the MSWG, not the Serba BoD.

Serba Dinamik an investment?

The last time Directors purchased shares was 31st May 2021 (Karim) and 2nd June 2021 (Kadier) when they bought 5m each (I guess at about RM0.84) in a forlorn effort to support the price to stop it dropping. Since then there have only been Directors' forced sales.

Allegedly*, the Serba share is currently trading at a fire-sale price. However, it appears the Directors are ignoring the wonderful opportunity presented to either vastly increase their wealth or take the company private. Why?

(1) Maybe they are already too rich?
(2) Maybe no cash?
(3) Maybe can't get a loan?
(4) Maybe they know Serba is not a good investment!

*Allegedly as it may get much lower.

If you want to invest in Serba, wait till the Directors buy significant amounts of shares (>10m). Then they are showing some confidence in the future of Serba rather just than making conjecture with unverified and unverifiable statements about how good their case is against KPMG in the various rags (Air Times, Focus Malaysia, Malaysian Reserve, etc. where what is effectively a full page advert doesn’t cost much money). Why should you take the risk when they don’t?

Should the Directors buy significant amounts, your waiting till that time you would probably only lose a few percentage on the best price. If you buy and the Directors don’t buy then you risk the price dropping to RM 0.10 – 0.15 if the company gets a PN17.


UnSteady Conpeepee is constantly exhorting people to buy and hold but:

bobvic96 Steady Punpipi My Buy in Avg still managable ...ard 0.39 as of now . in out in out
09/07/2021 5:35 PM

So, you exhort everyone to buy and hold, yet you are just a trader.

"Don't ask me what I think of you I may not give the answer that you want me to". ("Oh Well", Fleetwood Mac).



If you wish to trade, I wish you luck in making money.

At this point in time, you should not consider buying Serba shares as an investment

Uncle_Lim Karim bought back at .465
09/07/2021 1:24 PM

654321aaa Don't talk nonsense, Karim only force selling on 1.7.21, where got shares buy back ?
09/07/2021 1:31 PM

Uncle_Lim 654321aaa: retailers like you just wait bursa notice lor, big shark like me can see each lot who boughted one la..
09/07/2021 1:32 PM

No Bursa announcement today and, as sure as hell is allegedly hot, had Karim purchased he would announce the news in a flash to give his Fanboys a rallying call.

You are a verified liar and no one should take any notice of what you say. A shark? OK, which type? Not a Great White, nor Tiger, nor Mako, the most suitable type is the dogfish member of the shark family who’s description appears to be the closest match.

Wikipedia:
“The spiny dogfish, spurdog, mud shark, or piked dogfish is one of the best known species of the Squalidae family of sharks, which is part of the Squaliformes order.

They are preyed upon by larger species of SHARK, including LARGER spiny dogfish, and by larger FISH (such as cod and hake), seals, and killer whales.”

We should refer to you as “Uncle_Lim_the Lying_Dogfish”

RISK8888 Think rationally, 1MDB sue kpmg. I want to ask what is the situation of 1MDB today? Koyak company right? Means KPMG is right not to sign 1MDB account lor. Doesn’t means 1MDB is good by suing KPMG right? Got it?
12/07/2021 8:21 AM

I believe the issue is that KPMG had signed off on three previous ARs where forensic investigation indicates they had missed, or did not flag, some fraudulent activities.

Life is full of learnings, that's why KPMG have stuck to their findings with Serba. It's not about the spelling of LLC, or the company addresses, they are just indicative of the quality of documentation provided by Serba. The issue is, where is the RM4.5billion that's unaccounted for?

iHunter Good Morning everybody,
It's another day beautiful day to acquire stock and sentiment among the institutionals are good.
The volume and closing price last Friday is also good. Let's see if we can penetrate almost to 54.5 cents today. We have given you head-up and we probably unable to wait if too many agents start their accusations process and the price up too fast.

Please check your remiser for entry price.

I will not be updating on this forum today because I need to focus on a few counters particularly this counter.

Have a marvelous trade everybody.

Your apparent altruism is astounding but, being a born sceptic, I'm suspicious of your true motives.

bobvic96 yuhang99

When someone writes a blog like this about a company, it worries me. While it is only positive rather than blatantly ramping such as those about ARBB and AGES, why is there a need to write anything about Zhulian?

It can be seen on this chat the investors tend to keep quiet and just await the expected good dividend.

Is there something wrong in the company that someone feels the need to try and preempt a selldown? Does anyone have views on this?

A quick check on yuhang99 appears that he/she does promote/ link the investmiles blogs a lot.

PS, this counter holds a significant percentage in my portfolio.

UnSteady Conpeepee

I owe you an apology, my last comment on the relative size of your mouth and brain was uncalled for, a low blow and I apologise for that.

It was the result of a brain fart, after one too many beers, that managed to escape to the keyboard.

Again my sincere apologies.

bobvic96

bobvic96 However, more to come on another iHunter post on Monday.

Wow, iHunter has deleted his post which effectively stated the outcome would be a political fudge.

NatsukoMishima 10k units = rm96900 , nowsaday who wants to put so much money in 1 stock for atleast 15 years to take dividends ?? People more willing to goreng unfamous stocks but can suddenly gain > 100% capital within few weeks or even few days !

And like Serba, lose 70% in no time

However, more to come on another iHunter post on Monday.

UnSteady Conpeepee
I looked at the chat before going to bed. You truly make up in volume in place of quality.

Review the suggestion by iHunter:

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Jul 8, 2021 8:19 AM | Report Abuse

Punpipi,
I probably buy this stock later. But your msg "probok" and less intelligent will send wrong perception to any potential. Since you are less intelligent, I suggest that you paste reference of any good news that you found on the internet instead of giving your own opinions.

Concentrate on the "less intelligent" bit.

It implies someone who's "mouth" is 200 time larger than his brain.

Steady Punpipi SDK is indeed a victim of speculation !


https://klse.i3investor.com/m/blog/maliklapid/2021-06-27-story-h156705...

Unsteady Conpeepee, very typical of your usual level of misinformation - pathetic.

Go back and look at the slides from 5th May. Please advise which page KPMG's issue with the receivables is on and the very significant increase over 2019 (which had already been raised by KPMG in 2019), also that of the stock levels that could not be ascertained. I can't find it as the quality of the slides are atrocious - I am sure they are not there.

The audit findings were not about whether LLC has 0, 1, 2 or 3 fullstops, that was Serba's childish disinformation attempt concentrating on the smaller issues, which I believe KPMG only used to comment on the general quality of the documentation provided by Serba for the 11 companies.

The demolition of KPMG's reputation has been Serba's sole focus since May 5th but, that event coupled with the PC, where Pinocchio grew his nose a few inches, turned the market against Serba. Don't forget, Serba made the red-flags public. They only have themselves to blame.

BTW, if any of the people who worked for me produced slides of that quality, they had better resign. However, the Serba BoD seemed to find them acceptable which says a great deal about the members.

I wouldn't pay the Serba BoD to run a hawker's stall, never mind a shop-lot

Steady Punpipi My Buy in Avg still managable ...ard 0.39 as of now . in out in out
09/07/2021 5:35 PM

So, you exhort everyone to buy and hold, yet you are just a trader.

"Don't ask me what I think of you I may not give the answer that you want me to". ("Oh Well", Fleetwood Mac).

bobvic96 7chewe some say it can down to 0.20, but NO, it stop at 0.32
the it UP till 0.545, the lowballer/pessimist/critic stunt and keep quiet

UnSteady Conpipi, just stick with the one ID. You are not fooling anyone.

BTW, what happened to Pak Arab, riding over the desert, so to speak, to save Karim's backside?

IHunter, looks like you need more ammo

iHunter, if you are representing the best interests of Stakeholders, why are you not accumulating at the lowest possible price, i.e. drive the price down then buy and let the price rise?

treatshijau If there is any chance SD gonna make profit, it should start from now. Then, the good momentum will continue in the upcoming weeks.

From the political perspective, the instability created by some people will give impact towards them.

So, buy now and make a wise move

Follow the lead of the Directors, hesitate....

Serba Dinamik bermula in Bintulu pada tahun 1993 dengan hanya 3 orang pekerja. Suatu permulaan yang mulia dan kecil. Selepas 28 tahun berkecimpong dalam bidang minyak dan gas, Serba Dinamik sudah matang dan unggul. Sebuah syarikat yang berpengalaman dalam segala gala nya. Jangan rasa ragu ragu, beli dan simpan, tunggu dengan hati yang tabah dan penuh keyakinan. Serba akan menuju ke kegemilangan tidak lama lagi.

The Directors appear to be hesitating?

Stockisnotfun Don't always keep circulating serbadk audit is done by intern. Every audit sure has senior and junior inside. Audit is doing as team. No solo one la. So intern only do basic checking on the calculations. Actual checking on the customers and clients serbadk have is different thing. Not even calculation issue. Is more about the serbadk client whether is legit or not for the overstated amount.

They didn't say calculation has issue. KPMG only said they can't verify the authenticity of the clients of Serbadk having.

And for those who said KPMG didn't go to the UAE to check the stock, they didn't have to:

https://home.kpmg/ae/en/home/about/offices.html

JJFinn Hello everyone, new in here. people tell me MBB is good dividend stock. Learn quite a bit from this forum in MBB.

Maybank is one of the best on Bursa.

Do a bit of research comparing different companies dividend and share price. Make sure the dividend is consistent and preferably going up.

Create a spreadsheet and calculate how many dividend cents you get per ringgit invested. I calculate the average and median dividends over, say, 5 years to give an idea of what you may get - those with more brains may do better statistical analysis.

Put your results in a table and sort on the dividend cents per ringgit. Obviously you may have to consider downturns, etc. such as Ambank's 1MDB fiasco (which really annoys me).

I also run a "prediction" over 5-10 years to see what the benefits of dividend reinvestment achieves - very simple as you have to make assumptions on share price and dividend. One thing that stands out in this is that inflation of the share price is very detrimental to the returns unless dividend goes up accordingly.

You will see the lower you can average your share buying price the better the %age dividend returns.

The advantage of Maybank is it is 'blue chip' and long term you may get the benefit of a share price increase.

As everyone says, do your own research and this is not a buy or sell call.

Uncle_Lim Karim bought back at .465
09/07/2021 1:24 PM

Where did you get this from? Did Karim call you up and say "I've purchased one lot at RM0.465".

Uncle_Lim Leno since you too shallow minded, let me plant something in your brain ah. KPMG & Serba been abang adik since forever mah, this trivial audit findings only happened last year during covid. you know mah intern level do jobs. KPMG wasn't fired ma, they resigned throw letter mah. what else you got false news plugged from butt?

KPMG had no option but to resign, it's called a constructive dismissal.

Constructive Dismissal is where an employer has committed a serious breach of contract, entitling the employee to resign in response to the employer's conduct. The employee is entitled to treat him or herself as having been “dismissed”, and the employer's conduct is often referred to as a “repudiatory breach”.

tollebunsmith bob: noted... good acumen there on gold & right strategy too. Envy you. Just curious, it was is USD right? What % loss/gain would u attribute to currency? Simple calc is enough.

In those days I was paid in US$ so no conversion as yet but it should only be a few %.

Barrick Gold. https://www.marketbeat.com/stocks/NYSE/GOLD/dividend/

I bought gold and silver shares in a few different companies years ago - and forgot about them when gold tanked and I stopped messing with the stockmarket. Last year I found them again to find they had doubled in value, but nowhere near the returns had I invested in S&P 500 ETF.

When Buffet bought into Barrick, I sold my previous gold shares and also bought Barrick as the dividend is better.

bobvic96 siaokar conpipi cut loss dy? why MIA?

I think you will find that 7chewe is non other than the alter ego of Steady Conpipi. Check 7chewe's previous posts

tollebunsmith The price now incated i have already profi from yesterday's purchase.. congrats to those who bought at 8.00/8.01/8.02

My price was 8.015

Well done, I was very tempted but expected the price to go down again today but, as usual, I was wrong (at least so far). My advice is to do the opposite of what I do. My average is 8.17 up from below 8.00 when I increased my holding last month by a factor of 5 (still a modest number).

tollebunsmith bobvic96 : Thanks.. Lose about 30% the moment they declare divvy.. but possible to sell before the dividend ex date.. so as NOT to pay the witholding tax?

I do not see what that would change from a tax point of view. I believe the only way to avoid US tax is if you live in a country with a dual tax agreement with them - you will still end up paying tax somewhere.

One interesting point on my gold shares, last month I received two dividends, the one I listed above and, from the same company a "Return of capital" dividend of USD 140.51 which was US tax free only Foreign Agent Fee of $1.45 and Nominee Fee of $1.34 deducted. I wasn't expecting this but a pleasant surprise.

PS, I may have sold 60% of my US stocks too early.

USA shares.

I have a few shares in the US, I sold 75% of them today (losing quite a few % over yesterday) and just kept my gold shares - which may not have been the correct decision.

Anyway, what I really wanted to point out is (in US$):

Gross dividend: 90.00
Tax: 22.51
Net dividend: 67.49
Foreign agent fee: 0.74
Nominee fee: 1.34
Net payable: 65.41

There is also the issue of the US markets opening at 21:30 in the summer and 22:30 in the winter. Not really helping to buy/sell at the best price.

iHunter In regards to this company, the CEO has put a right move by placing credible directors. I believe the new directors have evaluated all the possibilities before agreed to join as a director. Otherwise, it will ruin thier reputation.

I agree

Lch123458 Whenarmanda, u r right !!! Just b daring n smart, no need to buy good company share to make $$$. .. just junk company to make $$$ if d timing is right !!! Now is d right time to buy Serbark !!! Today $0.60++

A share to be traded, some are doing it very successfully.

bobvic96 Steay Punpipi you are continuously exhorting people to buy Serba shares. When the share price originally dropped the EDs bought some shares. Now that the shares are at a bargain price, why are they not buying?

You should direct your efforts to buy to the Directors, that would give credence to your cause, otherwise it is just "hot air".

When Serba's EDs buy significant amounts of shares, I will stop being so negative about Serba's prospects - a promise. I think 10m shares each should show commitment.

Steady Punpipi REALLY ARR?! DONT ASSUME YOU MAKE AN ASSSS OLEDI AN ASSSS

Lost for words?