SD new seeks to recuse the Judge. Learned from Najib how to delay and waste the Courts time for years. Lawyers get rich on Shareholders remaining cash.

As long as EPF keeps throwing TNB, the shares will keep dropping. When they stop selling the price will recover.

NTA 21.6c, consensus Target Price 29c, loss making businesses now sold off, production of the huge new Gloves facility already started with new lines being added in the next couple of months. I'm not in any hurry to sell. I will be patient and wait this out.

At least EPF are seem to be taking a break for their constant dumping of Tenaga. If they can stay away from selling (if) there is a good change that Tenaga will quickly find a bottom and then come back up as EPFs selling of large numbers of shares every day was the big cause of the drop.

So scared to let the Shareholders know what the finding are!

Maybank Interim Dividend announcement due Friday or Monday. Last year 13.5c.

Bond and other finance holders would need to be fully paid before poor ikan Bilis. I think the bond holders etc will be lucky to recover 10c on the ringgit. Ikan Bilis will get nothing.

josehphn : the NTA you mention would likely include non existent receivables, also if he will fabricate contracts and huge receivables he may also fabricate other non existent assets. Do not believe cooked accounts.

https://ibb.co/6r4zGRV read it and weep.

https://ibb.co/6r4zGRV read it and weep.

Abdul Karim sells 4.6% stake in KPower at below market price for RM10.38m
25/11/2021 10:00 AM

Abdul Karim sells 4.6% stake in KPower at below market price for RM10.38m

LossAversion.. When EPF is selling a lot of shares each day and there are not enough buyers the price drops. This has been going on for the last couple of months, the price was above 10.00. When EPF sells and there are enough buyers to absorb then price would stabilize and stay flat. Adversely if there are more buyers than sellers price will go up.
A free lesson in supply and demand for you.

Every day EPF sells! Tenaga has cancer until EPF stops dumping.

Getting boring watching ikan bilis dying on the hook.

Malaysian Newspapers are a very pitiful lot. One of the biggest scandal's since Najibs shocking theft and we have not been abele to find even one investigative journalism article on SDs accounts and declared assets, are they real or not? Only read nonsense articles I assume written by school girls n boys, like this mornings pathetic Edge article suggesting we all close eyes and let it be.

1.6 Bil in Bonds due to be repaid in a few months time, no audited accounts, an overdue interest payment of millions, a default credit rate of C! Who in their right mind would take this heap of dung private?

I read the Edge article suggesting Bursa should lift the suspension on SD and in doing so allowing the massive perpetuation of a possible criminal fraud. I've no idea how the Editor allowed it to be printed and promoted in the Edge. Just goes to show these guys have no idea how the markets works and how investors rely on Bursa policing public companies to ensure fair and transparent information that can be relied upon. The Edge article is irresponsible and well, just plain dumb.

Div 1.6c Ex 30th Nov. Paid 30th Dec.

https://www.thestar.com.my/business/business-news/2021/11/13/serba-dinamik-takes-another-hit

Downgrade to C!

Fitch has downgraded SD to C (Default). DO you think SD will now sue Fitch also!

https://www.thestar.com.my/business/business-news/2021/11/13/serba-dinamik-takes-another-hit

Downgrade to C!

100s of millions in contracts terminated, is it left hand terminating the right hand!
Did the contract rarely exist?
If they did exist, were they with real parties or just paper companies using Post Office box addresses and some untraceable people in India?

I'm sure they can maintain dividends if not then down for a few months, so be it. Shifting overseas with the RM so low is risky forex bet, and also its hard to find any blue chip overseas with 6-7% yield, 1.5 - 2% maybe, 7-8% near impossible.

Malaysian stock market is down covered in in the political mud so Malaysian stocks have a huge discount to real value. Bargains can be had.

Tenaga is a good stock, but its depressed due to EPFs constant selling large volumes. Tenaga cannot rise again until EPF stops selling, but when they do I expect it to rise quickly from the ashes. I'm not selling, I will sit back and enjoy my dividends.

Sue everyone to prevent shareholders finding out what's going on and to cloud the issues, make all sorts of claims all is well while not paying your bills, defaulting on loans and loosing deposits, Its called 'feeding chicken poo to the ikan bilis'.

New project 64 m... its called feeding chicken poo to the ican bilis.

I agree with Value Investor Coo1eo, I also think Burser is undervalued, maybe not RM10 for a while, but by a good margin over current prices, maybe RM 8.50 in the nearer term. Keep in mind that Burser is a real company, with real earnings, real profits, real dividends. Its hard to find companies like this on the KLSE. I own shares, they are safe, so I'm not selling them. I sleep well and I look forward to my next dividend from Bursa and I'm sure that the dividends will grow well ahead of inflation over coming years. This is not a stock I worry about, nor get overly concerned with the ups and downs. Cheers.

SC says Serba Dinamik probe ongoing, The Edge Markets.
Seems SC have been investigating since May which is now 6 month ago. I wonder who in SC has been dragging their feet, and why. Don't you hate the stink of corruption in the morning.

SC says Serba Dinamik probe ongoing, The Edge Markets.
Seems SC have been investigating since May which is now 6 month ago. I wonder who in SC has been dragging their feet, and why. Don't you hate the stink of corruption in the morning.

Serba Dinamik misses coupon payment for US$300m sukuk | The Edge Markets


Serba Dinamik stumbles in attempt to block Bursa and EY from releasing findings of special audit | The Edge Markets

Dear Mable (and your fellow promoters), A piece of friendly advice, I suggest you crawl back under the rock you came from before the poor people you convinced to buy shares based on your advise sue you.

Try telling that to the Bond holders! I'm sure they will agree with you.

SD cant even pay for a 25 million Ringgit office building they bought. As such they have just lost their deposit.

How about the 1.5 billion in Bonds coming due shortly? You think SD can pay even the interest? Such a default will not go unnoticed. Malaysia will make news on CNN, BBC, and other channels, and this news has tasty tones of corruption, fraudulent accounting, Politically connected, con men with Royal titles, two of the big three Auditors being sued and not to mention Bursa also being sued! It will make international headlines for days. All very very messy and sad. it may make Malaysia No.1 in the news for all the wrong reasons on top of the 1MBD disaster. Sadly a big Bond default by a Malaysian company and the stink of corruption surrounding it will negatively impact all Malaysian honest companies trying to refinance or issue bonds.

Bond money available to Malaysian Companies may dry up, and certainly interest rates will rise on perceived risk. It may cause other innocent companies to be unable to refinance and cause further bond defaults. MOF better keep an eye on this, this is how markets collapse. Just look across the water to China to see the impact of the smell of a default.

Bye bye SD, and bye bye 100% of SH money.

SCIB shareholders you think SCIB can fund ongoing commitments, your shares now worthless never mind 10c.

Hello lengthy jail time for some Directors and for sure legal claims against them for failing to govern, failing to inform, knowingly allowing misleading statements and remaining silent in the face of clear evidence thus breaching fiduciary responsibilities causing causing massive losses for some.

SD cant even pay for a 25 million Ringgit office building they bought. As such they have lost their deposit.

How about the 1.5 billion in Bonds coming due shortly? You think SD can pay even the interest? Such a default will not go unnoticed. Malaysia will make news on CNN, BBC, and other channels, and this news has tasty tones of corruption, fraudulent accounting, Politically connected, con men with Royal titles, two of the big three Auditors being sued and not to mention Bursa also being sued! It will make international headlines for days. All very very messy and sad. it may make Malaysia No.1 in the news for all the wrong reasons on top of the 1MBD disaster. Sadly a big Bond default by a Malaysian company and the stink of corruption surrounding it will negatively impact all Malaysian honest companies trying to refinance or issue bonds.

Bond money available to Malaysian Companies may dry up, and certainly interest rates will rise on perceived risk. It may cause other innocent companies to be unable to refinance and cause further bond defaults. MOF better keep an eye on this, this is how markets collapse. Just look across the water to China to see the impact of the smell of a default.

Bye bye SD, and bye bye 100% of SH money, your shares now worthless never mind 10c.

Hello lengthy jail time for some Directors and for sure legal claims against them for failing to govern, failing to inform, knowingly allowing misleading statements and remaining silent in the face of clear evidence thus breaching fiduciary responsibilities causing causing massive losses for some.

After KPMG and Bursa, Serba Dinamik now sues EY and seeks injunction to bar it from sharing review findings | The Edge Markets

Serba Dinamik unable to complete RM24 mil office building buy; deposit forfeited | The Edge Markets

https://www.theedgemarkets.com/content/evening-5-tnb-axiata-support-cukai-makmur

Its called a number of things; butt licking, shoe polishing, whatever, TNB would be better to concentrate on maintaining its Dividends instead of playing bend over for the boss.

No body should have been caught by surprise. Busa made very public warnings, and gave a deadline for SD to publish the report. SD failed to do so and Bursa then had no choice but to suspend SDs shares. The problem may be that there may be very damming things in the report that would send someone to jail! Better not to release and to be suspend, and sooner or later delisted. Sue everyone to build smoke screen and hope no one makes a report which will allow the mafia in blue to raid his pockets. Malaysia Boleh!

Perhaps his professional promoters who have been endlessly trying to convince unsuspecting old ladies to buy his rotten shares will go visit him in prison. But I doubt it coz they will not be paid for that, and even old ladies will wake up that they have been conned and will be after them.

Its not him suing, its SD, he is using Shareholders remaining in cash on lawyers, not a cent of his own money. He is scared of having to spend time in an unpleasant place as guest of the taxpayer's for many years and of loosing his expensive titles. SCIB now also suspended. No doubt he will now waste SCIBs remaining cash on lawyers also. Hopeless. Absolutely pointless waste of shareholders money. He should just crawl off to Bukit Aman and turn himself in.

tic tic tic.....kaboom

Like watching a plane crash...

Smell that...that's the smell of short sellers being fried.

tic tic tic

Tick... tick... tick.

This share hiccup can sit out, Bersa is not going to go broke, and any paper losses will recover in time. In the interim just sit back and enjoy good dividends and coffee. Sleep well in the knowledge that its a real company with real income unlike a lot of KLSE companies.

Quarterly dividend announcement is due out next week.

Ieno: No, all you have to do is show you bought your shares relying on the statements made. The Directors are personally liable for statements they make. No need to show who you bought from. If you claim you bought because of their assurances then they must attend Court and prove they did not know, then they will have to explain why they did not know and if they did not know why they claimed they did. Very inconvenient for them, and rather embarrassing. If I was the Director I'd pay you the 5k and settle.

If you lose money can file a claim in the small claims Court :

https://judiciary.kehakiman.gov.my/portals/

The cost to file is only RM 8.00 and you cannot use a lawyer and neither can the persons you name in your suit (chairman and director's) so it will not cost you more then time and parking fees. The parties you name in your suit must attend personally or risk a summery judgement against them. They cannot use their lawyers, they must attend personally.

So its a simple matter of filing your self (just follow the instruction on the site above) then going on the allotted day bring along your proof of loss and explain to the magistrate what happened. You should show the newspaper cuttings of the public statements made, and prove how much you lost. Unfortunately even if it more then 5k you can only claim and win a maximum of RM 5,000 using small Claims Court.

The Magistrate may then question the Directors and if the Magistrate so chooses award you your money. It a big hassle for 5k, but its also a big hassle for the persons you sue, and most like they will just send you a check to settle the matter rather then have to attend and risk a very having damaging a judgment recorded against them in the Court records which will forever.

If you lose money can file a claim in the small claims Court :

https://judiciary.kehakiman.gov.my/portals/

The cost to file is only RM 8.00 and you cannot use a lawyer and neither can the persons you name in your suit (chairman and director's) so it will not cost you more then time and parking fees. The parties you name in your suit must attend personally or risk a summery judgement against them. They cannot use their lawyers, they must attend personally.

So its a simple matter of filing your self (just follow the instruction on the site above) then going on the allotted day bring along your proof of loss and explain to the magistrate what happened. You should show the newspaper cuttings of the public statements made, and prove how much you lost. Unfortunately even if it more then 5k you can only claim and win a maximum of RM 5,000 using small Claims Court.

The Magistrate may then question the Directors and if the Magistrate so chooses award you your money. It a big hassle for 5k, but its also a big hassle for the persons you sue, and most like they will just send you a check to settle the matter rather then have to attend and risk a very having damaging a judgment recorded against them in the Court records which will forever.