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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/
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.
Hamideh:
Excellent riposte to the deramping .I won’t clutter up the board replying to anymore deramping attempts!
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.
Well, maybe Bion RNS positioning themselves in this situation would be good.
Looking forward to results , wish bought more but that is life but then had a good year
What price do you recon this could be?
Better to wait for results and forward guidance
( (which people say should be very good) before one gives share price targets in my opinion
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.
Good morning, your detailed answer was much appreciated. Many thanks and good luck
Very informative potential valuation thanks Hamodeh
Sorry my reply wasn’t as helpful Andrew but I defer to his superior knowledge on this sector