Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thank you Bwana.
At 9.47am, it appeared to be mounting a reversal of the sharp decline seen in the past two trading days, rising by 4.79% or four sen higher to 87.5 sen, yielding a market value of RM3.26 billion.
The drop is simply cuz Bion’s free float is very tiny and any sell force the sp to go down.
Its sell time cuz of what’s going around Serba. Once we get the result and fogs cleared on serba this will double in few minutes.
Wish at the result the board mention this line: Bion is a separate entity from Serba Dinamik and the later has confirmed no intention to sell their stakes in Bion. Would be amazing.
Anyway, 100% positive that Serba will not only (not sell) but, instead will increase holding in BION.
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.
Any reason why no action here ? Its super result
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.
Indeed excellent update. Profitable and cash is strong. 25p+ should be achieved on result.
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.
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.
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.
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.
I think news is due. Happy to hold and add more on further contacts.
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.
Let’s focus on the fundamentals, stop copying his post for fresh traders & investors.
Lets add some value and discuss further revenue, margin and expectations for share price.
I will start i think operating profit will be at least £1m
Like this part: as this to my mind does not directly alter BION's separate fundamentals.
Its too early for negativity HillyBilly (with 16 comments). I don’t car where you got this reference. 10s of companies temporarily suspended every day. So if one of their shareholders might be suspended its not a big deal. Even better meanings they are going to stuck with Bion for a while.
If you want this share cheaper, it’s already cheap as long as you are buying less than than 10p
For the new investors and traders
- 34% free float, 66% are hold by directors and institutions. Tick
- 310% increase in revenue to around £17m v £15m mcap. Tick
- They are selling to Malaysia and Indonesia and soon to UK and Europe. Tick
- They are expanding Just last RNS they confirmed that they are on 4500 solar unite as of now with first year revenue of 0.9m coming next year. Tick
- Great waste clean energy. Tick
- Profitable as per last interm results.Tick
- They have announced expanding into UK. Office area manager was appointed last Q. Tick
- Lmcap only £12m v £100m of any similar green Energy company. Tick
- Debts ratio has been reduced from 85% to 30%. Tick
- Facilities with HSBC bank loan to withdraw at any time of around £10m. Tick. Obviously need some cash of expanding later on.
- All time high was 10p , we are buying 3-5p now , 100% profit is achievable. Tick
- 2021 revenue could be £50m as per my previous comments. Tick
- Benchmark to any uk listed green Energy this should be ar least £50m mcap. Tick
Do some research and get in to win.
Just Hold guys free float here 34%. Expecting 5-6p before result. Revenue already massive, but If margin is good you will see this over 10p instantly.
Just remember that next year revenue will be around £50m i did my calculations and projection based on charging full tariff (they are charging now discount)+ solar sales 4500 units (0.9m) + 3mw will be 9mw= £50m
With margin of only 15% we will achieve operating profit of £2m this year and £7.5m next year. which is amazing and we might paid dividend. I don’t think we will be paid dividend soon as they are expanding into more diversified clean energy.
Remember EAAS ...from 6p to 28p when they announce 300% revenue.
Hi Chardude, i think it me ... lol .I Just keep posting on ITX board about Bion for last month.
Great company to be with.