You just need to perform 30 continuous selling, all retailers panic... Don't be scalper if you don't want to be scalper.
Funny la you guy...

Sit at the side and just watch... Let us have fun with the big boys... We don't need your money, but we just need to use your share...

Stay safe...

Hahaha.... All panic with selling pressure...
I will bring-up the price after enough accumulataion...

RISK ANALYSIS SUMMARY OF SERBADK WITH ASSUMPTIONS ALL DECLARED REVENUE ARE REAL:

Earnings are forecast to decline by an average of 10.3% per year for the next 3 years

Debt is not well covered by operating cash flow

Highly volatile share price over the past 3 months

High level of non-cash earnings

Unstable dividend track record

THE RISK IS 80% HIGHER IF ALL DECLARED REVENUE ARE NOT REAL.

We are disposing...
Thank you for your support...

EPF and KWAP are disposing almost everyday. As long both of them still have balance in the company, no support can be created. Now you have Banks to dispose more than 50 millions share. That is crazy...

Not sure what will happen to the company....

Since the company directors already started allowing force selling, so can forget about dividend for the next few years.

There will be competition between EPF, PNB and Banks to compete who can sell first...
I foresee the winner will be in the following order:
1-EPF
2-Banks
3-KWAP
4-Retailers.

The new owner of the 64 Millions need to dispose thier share before thier deadline to convert it to cash. They will just throw probably started as early as tomorrow.

I wil be surprised if SerbaDK price can be more than 10 cents by end of next week.

Is the Serba DK 's CEO resigning after disposing his 64 Millions share ?


Interesting.. Good Luck everybody...

Due to impact of MCO until end of this year (you can always be in denial - your choice) , it seems this counter is an ideal candidate for shorting...

Having said that, I doubt that the price can be lower than RM7. But we never know.

We can be in denial but we can't deny numbers.
Have a great trading guys...

It's sad to see many of you loose money. "Assumely " your stock broker know how to do it, ask your stock broker how to make money by shorting this counter like how the big boys exit by shorting.

Although high chances it will down less than 10 cents, I don't think it will happen today.

Stay safe everybody.

This is not buying/selling call, Please consult your brokers.

This counter appear on our shorting radar. Although this company will be badly affected with the recent announcement, I hope it will not be less than RM9.

If you don't short, the big boys will. Or better offload first.

The only way for hedge fun to exit from this counter and at the same time making profit is by shorting...

The lower the price the more money they make...

Does this company has difficulty to convince any of the big four to be thier Auditor? I hope this company can be more than 10 cents after 5 years.

If they still around next year, I believe the CEO will work hard and recovers. But they need to have an intelligence chairman preferably from banking sector.

Hopefully, the price not to drop to less than 5 cents this week.

Now, hiring EY as reviewer has no value. Investors unable to sue reviewer if any misleading info. You can only sue Auditors if they provide misleading info.

If they fail to get EY as auditor instead of reviewer, they already send "warning message" to investors.

I just realised that many people here still do not know how hedge fun still making money by selling. Incase if you see a lot of queuing of buying, that is the amount of them queuing for shorting...

Anybody know how many stock that left for EPF to dispose ?

Anybody know why EY hesitates to be auditor for this company?

It appears that all the big four hesitate to be Auditor of this company. If that happens, it will be disaster for this company. I 'm not sure if this company agree to pay a lot of money and waive thier legal right to the new auditor.

Good morning everybody...

We regret to inform you that we will be shorting this counter starting today.

Please do not blame us, the traders.

Do not worry. I don't think it can down to less than 10 cents today. It should be at least 3 days to bring the price to less than 10cents.

The hedge fund will reevaluate this counter after the receive audit report from reputable auditors.

Enjoy trade everybody.

I hope msg below help you guys in making right decision


-----
Since thinking is a process of asking yourself question, ask the following question:

1 - Have your read https://drive.google.com/file/d/1n5-VYPdzBcsFyGDDyZJ0QxYhwQCOURMQ/view the audit finding.

2 - KPMG Auditors are human. They have a deadline that they must comply. It happened to be many countries were lockdown this year and last year and the audit was during that year. Some of the audit investigation were conducted by their friends at the other country since they unable to enter to that country. (SerbaDK can use this as major technical evidence to sue KPMG to win the case easily if KPMG unable to prove that they were there as claimed in their report). So, don't you think miss communication can happen during the process?

3 - Set aside prejudice to KPMG and SerbaDK. Look at the response by SerbaDK to KPMG and it appears the response were legitimate which KPMG should have ability to investigate further and make better conclusion. Unfortunately, they unable to do so because they have flagged SC based on premature investigation and fail to anticipate consequences of doing that and it will tarnish their reputation and exposed to another legal implication if they agree to do further investigation while they have made report to SC. If you are the Auditor and you have caused almost 5 billions gone, will you dare to take back your premature report when you know you will be sued for the negligence?

4 - Do you think EY will agree to be the Auditor if they are not confident that the KPMG report could be "in-complete investigation"

5 - Do you think SerbaDK dare to go to the court if they are cheating? Believe me, you need to talk with evidence in court and they will have ability to show all the contracts with evidence.

So, you make your own conclusion...

Thank you.

My fund is in. Yesterday, we managed to bring -up the price more than 0.6 before the announcement and lesson learned.

Today, we will start buying in the afternoon. Enjoy trades...

Since thinking is a process of asking yourself question, ask the following question:

1 - Have your read https://drive.google.com/file/d/1n5-VYPdzBcsFyGDDyZJ0QxYhwQCOURMQ/view the audit finding.

2 - KPMG Auditors are human. They have a deadline that they must comply. It happened to be many countries were lockdown this year and last year and the audit was during that year. Some of the audit investigation were conducted by their friends at the other country since they unable to enter to that country. (SerbaDK can use this as major technical evidence to sue KPMG to win the case easily if KPMG unable to prove that they were there as claimed in their report). So, don't you think miss communication can happen during the process?

3 - Set aside prejudice to KPMG and SerbaDK. Look at the response by SerbaDK to KPMG and it appears the response were legitimate which KPMG should have ability to investigate further and make better conclusion. Unfortunately, they unable to do so because they have flagged SC based on premature investigation and fail to anticipate consequences of doing that and it will tarnish their reputation and exposed to another legal implication if they agree to do further investigation while they have made report to SC. If you are the Auditor and you have caused almost 5 billions gone, will you dare to take back your premature report when you know you will be sued for the negligence?

4 - Do you think EY will agree to be the Auditor if they are not confident that the KPMG report could be "in-complete investigation"

5 - Do you think SerbaDK dare to go to the court if they are cheating? Believe me, you need to talk with evidence in court and they will have ability to show all the contracts with evidence.

So, you make your own conclusion...

Thank you.

Just wait for today's announcement

:)

By looking at https://drive.google.com/file/d/1n5-VYPdzBcsFyGDDyZJ0QxYhwQCOURMQ/view , it seems many of us were mislead by KPMG . It appears that nothing wrong with fundamental of this company and all financial still intact. KPMG should be penalised due to their work quality.

Hopefully I get additional fund request approval by 8am this to allow me to acquire more of this stock before they announce their new Auditor and PM announcement about recovery over this weekend.

The question is, why you guys selling when the financial audit and company enterprise value still intact?

With assumption the Management letter document is legitimate, no wonder SerbaDK not hesitate to take legal action on KPMG.



--------

Eric Ng All inside here already read Q&A by Serba vs KPMG?? Please read 1st..peace no war :)

https://drive.google.com/file/d/1n5-VYPdzBcsFyGDDyZJ0QxYhwQCOURMQ/view?usp=drivesdk

The question is, why you guys selling when the financial audit and company enterprise value still intact?

LeeHenry1999,
I 'm comfortable with my position with this counter or any counter I went. So, don't worry about me or shareholders of this company. We are doing ok.

Huangbk72,
I don't operate companies that I attended, so I have no idea how many auditors. That is CEO/CFO job to deal with them. During presentation, there were at least 3 reps from auditor company .

Wirawati,
In which part of my message suggest that conclusion? Please don't make un-matured conclusion based on your ability.
Thank you.

Huangbk72,
Not really. Although I 'm interested with financial aspect, the audit report presentation also talk about many aspect including operations such as it and finance dept.

Anyway, I can't seems to have draft of the SerbaDK audit, but my initial observation is the Assigned Auditor by KPMG is lack of experand probably just completed her training.

I have been sitting in many board meeting for Audit report presentation for many years including from KPMG but this is the first time I heard an Audit Report make a big fuss with the dot. I will be more interested with Financial instead of english grammar.


I will inform the relevant CEO to forget about the grammar. I 'm more interested with financial report.

It appears KPMG or K.P.M.G deserved to be sacked.

We don't use cheque now..

Hahahaaa

What is the different between Dr. Vs Dr. Or Sdn Bhd vs Sdn. Bhd ?

Does not make sense

K.P.M.G vs KPMG.

Hahahaa...

Based on report at https://focusmalaysia.my/serba-stands-firm-with-its-unprecedented-legal-suit-against-external-auditor , seems KPMG is too fast making conclusion and nothing to do financial. WHAT THE HELL IS KPMG DOING?

KPMG made a big fuss between L.L.P and LLP. Are the auditors trainee?
This is madness!

HuangBK72,

Last week, big boys are selling and retailers are buying. Now, retailers are selling and hedge fund are buying... So, need to clear weak holders to restore its price.

Huangbk72,

Yes, if my own , not enough. But with some fund that we got approval yesterday for this stock, I don't see any issue.

If I can short, I can go long as well. As long all the hedge fund agents follow instruction as per memo that they receive by thier investors, I don't see major issue to bring the price up.

HuangBK72,

What do you think ?

We are clearing 0.585 after some if the higher queu move to 0.585

We have cleared 0.58. Hopefully no more panic seller since we already support this counter.

Ok. We are buying this stock now...

Having intact consistent revenue is not good enough.


SerbaDK needs to share better portions of thier last quarter profit with thier shareholders to build better confidence among its shareholders.

Yes, I think they over declared with the Auditors.. That's what happened when you have Management with high ego...

Smurfbee,
I agree with you. I had some discussion with some Auditors, although the project is real, SerbaDK needs to learn that it's important to properly declare to the auditors and make sure information in MOA is accurate. They should not use their ego with the auditors although they know they are right.


https://www.theedgemarkets.com/article/serba-dinamik-ceo-block-7-deal-not-related-party-transaction-i-didnt-take-shares-personally
"

“This is a genuine sizeable project which we have won based on the proposal we have put in against a lot of competitors, and all legal documents are available to support my statement,” he added.

SDIL had secured the RM7.7 billion contract for the engineering, procurement and construction (EPC) of an innovation hub, academic campus, related facilities and IT infrastructure in Abu Dhabi.

Block 7 was then owned by UAE-based LIWA Investment Holding, Serba Dinamik said in a reply to The Edge.

In March, LIWA transferred its stake in Block 7 to EFIRE Capital, which is owned by SDIL and LIWA on a 51:49 basis, Serba Dinamik said.

According to Serba Dinamik, it was roped in as a partner in EFIRE by LIWA — but did not elaborate on what is the consideration from Serba Dinamik to take up the partnership.

The latest structure means that Serba Dinamik has effective control of 48.51% in Block 7 through EFIRE.

“As minority shareholder of Block 7 through EFIRE Capital, the project is partly owned by SDIL. This has always been Serba Dinamik Group’s strategy to grow its asset ownership programme,” the company said.

When asked why Block 7’s share transfer was not announced on Bursa Malaysia, Mohd Karim said: “It is not the right statement to say we have not announced this project to Bursa Malaysia.

“It has been announced on the basis that SDIL has been awarded as the EPCC contractor for this project,” he said.

LIWA, said Serba Dinamik, is 100%-owned by UAE national Salah Salem Omair Alshamsi.

“LIWA has been in the industry since 1998 and has established a very strong portfolio of companies ranging from oil & gas, petrochemicals and manufacturing. LIWA has a diverse property portfolio which includes major developments and re-developments within Abu Dhabi and owns sizeable land bank in strategic locations throughout the Emirate,” said Serba Dinamik. "

It seems the SerbaDK project in Abu Dhabi is real:
https://w.media/zonescorp-partners-with-block-7-investments-to-develop-the-block-7-innovation-hub-in-icad/

And supported/funded by Abu Dhabi Government
https://clarifiedby.diligenciagroup.com/company/summary/3881546-efire-capital-holdings-limited/


But SerbaDK needs to declare to their Auditors properly particularly their involvement in the consortium.

Malaysia Government should do the similar project at Cyberjaya.

The briefing in the morning seems managed to convince major share holder to continue with this company provided, they need to translate it better dividend in upcoming quarters.

Although the law suits claim approximately 5.0 Billions, expected at least 10% goes to the operations of legal team. Having said that, 4.5 Billions to be shared with with all share holder if they win is still good.

I wish I can short this counter to make more money but seems unable to do so because many of their agents have been instructed to acquire instead of selling.

Sayonara...