Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Of course he left ?? They appointed Zhan Azmi.
https://www.google.com.tr/amp/s/www.nst.com.my/amp/business/2020/07/606602/serba-dinamik-appoints-new-group-cfo-non-independent-executive-director
I know you are not deramper. Realy thank you for sharing all news.
Anyway, i will leave the board now till result day.
Sorry left July 2020 last finance year in which was audited and fine.
Hilly billy time exactly 5.50 when he asked him if serba are supporting. He answered with the word “ massive” 4 years man of support???? Do you think Serba will sell the holding???? Youuuu are wrong.
You are right only only in one thing. As the CEO of Bion was ex-CFO of Serba and that could be problem if approved guilty with audit issues. But listen carefully, the issue was disclosed in this financial year, in which he left in 2018.
These small trades most likely from the free trade app (no commission). It will be massive small trades in the coming days.
If u remember PNPL it was massive small trades around 3-4p before it hit 12p.
Dev Clever from 1p to 37p.
It comes only of the stock going to explode.
However, i cannot confirm yet if from the app or someone. But if continues then definitely the free trade app
Thats very significant revenue of £90m
Just listen to what he is saying on Serba support
https://youtube.com/watch?v=FyO6u5XouzA&feature=share
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.