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Serba Dinamik boss bought more shares as price tumbled
https://www.theedgemarkets.com/article/serba-dinamiks-abdul-karim-ups-stake
I just posted yesterday that. The news just 1h ago.
Something I don’t understand, KPMG auditing Serba for last 8 years...all of sudden they riser issue to 11 customers with huge sales from previous and current year. What they were doing for last 8 years.
50% to 80% its game to collect a very cheap shares from serba by Karim or his family and other sister companies such as BION and BHD.
Most likely they want V capital to sell the remaining shares in bion and they will hover it immediately. They have spend so much money and invested heavily in funds and engineering into Bion. Now its delivering now its revenue is going to be massive, so time to buy whoever want to sell for cheap.
Well Serba Danmik has resumed normal trading on Monday , so the temp suspension lifted.
Also Serba Danmik is share holder to Bion and would not effected trading.
So HillyBilly , Bion is a separate entity and it will not be affected by issues found at Serba. My conclusion to
So the matter in serba Dinamik is most likely is revenue recognition in which it will be fixed and resolved, if the market remember YU., YU. Is AIM listed company exactly like Serba Danmik was found that revenue overstated and revenue recognition was accounted wrongly, YU. Rectified the the revenue and found at loss not at profit. By the way YU. Share price went up from 80p to 350p last 6/8 months.
Simply for unqualified ppl, revenue was booked higher or less that what it should be as per IFRS rules. This issues is very very very common with most companies and audit.
“ The company said it saw no issue concerning the legitimacy and existence of the contracts and it did not expect any material impact in the financial year ending on June 30”
“ On Friday, Serba Dinamik said KPMG had raised issues over contracts and transactions that the auditor had not been able to verify with 11 customers”
“ I believe the company has strong fundamentals; we have done what we are supposed to do, in terms of governance... now it is up to the market to decide but we do hope that the explanations can help to put the counter in a stable situation, ” Abdul Karim said, when asked whether the issue had affected investor confidence on the stock”
Conclusion: 2 companies related to Serba was trading normal under Malaysia stock exchange and they claimed that they are separated entities. One in UK “ Bion” is still trading normal.
Looking forward to result in few days and restore confidence in here.
Very informative potential valuation thanks Hamodeh
Sorry my reply wasn’t as helpful Andrew but I defer to his superior knowledge on this sector
Good morning, your detailed answer was much appreciated. Many thanks and good luck
Well Andrewukdealer expectations depend on:
Before result i can see this 5-6p.
Then on result if margin is not good and outlook to next interim result revenue normal we will see 7-8p. (Within 2weeks)
If result comes with good margin and outlook to next interim result revenue is also over 100% we will see massive upside around 10-12p. (Within 2 weeks)
This expectation based on benchmark of some shares with massive revenue and good margin such as EAAS 6p to 28p, Wey education from 4p to 48p, Blue Prism from 100p to £17, TWD from £1 to £3.6...etc.
Im serious seen it alot when massive revenue and good margin the market love that.
Of course over mid term 1-2 years we might see £100mcap easily of 25p+ with or without placing.
Better to wait for results and forward guidance
( (which people say should be very good) before one gives share price targets in my opinion
What price do you recon this could be?
Looking forward to results , wish bought more but that is life but then had a good year
Well, maybe Bion RNS positioning themselves in this situation would be good.
Suspect Hillybilly is in fact Hillybilly1 a known deramper , apart from that all is on track.
does make me lol that a outside event is linked to this company.
Hamideh:
Excellent riposte to the deramping .I won’t clutter up the board replying to anymore deramping attempts!
Hellsillybilly:
Datos Karim he is also Independent Non-Executive Chairman of Sarawak Consolidated Industries Berhad. This is listed in Malaysian stock exchange in which no affect on SP as of date. Trading is normal.
All three companies are of course interconnected and relationship is strong as of raw materials agreements and purchasing supply chains as all three operating with same business model.
If one company face some issues with audit ... it is very common in Malasia due to huge money laundering activities.
However,Lets discuss all the scenarios:
Scenario one
1- Serba found that its has some illegal bookkeeping, financials ..... Serba will be suspended until it fixed and then back to normal. (no affect on Bion).
2- Serba found it has some serious issue with government, money laundering....etc. serba will be suspended until court decide which will take approximately 3-7 years time. (no affect on Bion)
3- Serba found that it has some issue of under/overstated financials .... then serba will fix it in few days and all normal. (No affect on Bion)
4- Serba found is has some issues of criminal activities and decided to sell its 20% in BION to pay for them to escape from the country then yeah we should be concerned. Though I’m joking on last one but im sure there are so many investors are willing to purchase this 20% immediately after the result.
Please man my blood pressure got high 17/11 cuz of you. Stop deramping and just buy some shares it is still cheap.
20 posts in total from you and nearly 50% on this share! That says it all! I only hope that the ones who sold today , were not influenced by what is an attempt to manipulate the price in a very thin market in my opinion!
No of course you not deramping lol even though you are again repeating your concerns when one post will suffice!
Do you think we are so thick that we don’t know your agenda! We don’t give a dam about your concerns or why you won’t buy.If you are worried and feel you missed the boat but really want in then buy instead of this repetitive attempt to deramp under the pretence of worrying about our investment decisions.Utter hypocrisy on your part mate as most of us know
Groan ... so it transpires that the non-exec Chair of BION is the CEO of Serba. So not just a question of a 20% shareholder having its shares suspended but BION and Serba are VERY closely intertwined.
Make your own conclusions.
Dato’ Karim, Non-executive Chairman of BiON, is the Managing Director, CEO and 21.7% shareholder in Serba Dinamik Holdings, of which Serba Dinamik International and Serba Dinamik Group are wholly-owned subsidiaries.
https://www.bionplc.com/investor-relations/
Tuan Syed Nazim, CEO of BION, is a 20% shareholder in BION. The close connection between the BION CEO and Serba Dinamik is dislosed as a concert party.
Serba Dinamik International and Serba Dinamik Group are both wholly-owned subsidiaries of Serba Dinamik Holdings Berhad and Tuan Syed Nazim, CEO and a Director of BiON, is an Executive Director of Serba Dinamik Holdings. Accordingly, these parties are considered a Concert Party under the City Code on Takeovers and Mergers.
https://www.bionplc.com/investor-relations/
Just been looking at the Bion Plc website in some more detail ...
This is all public info, have you actually READ the BION website in detail? My big concern is that the current CEO of Bion was CFO at BION's 20% shareholder Serba Dinamik until July 2020, i.e. VERY recently. The investigation is bound to include him as he was the CFO! I mean honestly DYOR. The shares of Serba Dinamik remain suspended today.
I am not deramping, just want to alert people to the risks involved. Volatility on AIM is HUGE as we all know, and opportunities are many. Know and understand your risk profile.
Datuk Syed Nazim Tuan Syed Faisal (D.P.S.M.)
Chief Executive Officer & Executive Director
Datuk Syed Nazim Syed Faisal was appointed to the Board on 25 September 2018 to serve as an Executive Director and became Chief Executive Officer of BiON on 9 July 2020. He has over 15 years of experience in the accounting and banking sectors.
Prior to becoming Chief Executive Officer of BiON, Datuk Syed Nazim was the Group Chief Financial Officer of Serba Dinamik Holdings Berhad – a Malaysian-based investment holding company that manages the Serba Dinamik Group of international energy services companies. Datuk Syed Nazim remains an Executive Director of Serba Dinamik.
Other previous experience includes holding positions at Ibdar Bank in the Kingdom of Bahrain, RHB Islamic Bank in Malaysia and KPMG Malaysia.
https://www.bionplc.com/board-of-directors-v2/
Could be next Tuesday 1st June till late June we don’t know.
But if you go past years before changing the name usually 4th June and 12th June.
Hi everyone,
Bought in yesterday, excited to see where this share might go.
Would someone be able to tell me when the results are due please? And if anyone has any predictions on what they might be.
Good luck to all who hold.
Happens all too often people unfortunately with people being influenced by others. Patience pays most of the time , especially when it’s not long for results which may impact very positively on the share. The rise ,if it happens, will be exacerbated all the more with these very tightly held shares!
Thanks AimForRenewable.
Feel sorry for the one he bought yesterday at 4.45 and sold today at loss for 3.65. Just cuz of one deramper.
Seen in FAR I bought at 11p sold 25p cuz of one like hillybilly and after few days hit 50p.
Just do your research and if you are confident just hold.