“Additionally, it was admitted that across the Serba Dinamik group, even if there was immediate sale of all assets available for disposal and for which there are said to be purchasers (sale of assets was intended to be over a period of months and, in any event the veracity of such sales is suspect and such claims denied), this would only yield a total of RM157 million.
 

According to court documents sighted by The Edge, the finanical institutions that filed the action are AmBank Islamic Bhd, Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank (Malaysia) Bhd and Bank Islam Malaysia Bhd.

sadly... it's not improving. Bursa should never been allowed to be listed in the first place. Yeah. we saw SD taking mention on this issue too....

but then... every stock exchange has its own fair share of issue. We just need to understand our risk..

LOL! TP?

well, those silly and stupid enough to be caught holding the stock when it was suspended, will probably hope for the stock to trade higher than 35 sen. Trust me, these folks will be out cheering for the stock and pray and hope any rally will save their folly in betting in the stock in the first place.

But as we know, open for trading isn't the happy ending story. Logically anyway.

we have the default of bond payments, and of course the salvageable assets statement posted on the Edge stating the disposable assets can only fetch 157 million. Which is utterly mind boggling since the stock at suspended price of 35 sen, implied that the stock is worth 1.3 billion. LOL!

I wish TP of course is 157 million / 3.727 billion = .........................................................

NOSH = 3.727 billion.

Truly mind boggling........ !!
950 million raised in private placements...
1.2 billion worth of bonds....
where did all the money go???
recent cash flow statements 'should' be able to tell a bit...... esp from the outstanding amounts in trade payables.....

The bankers according to the Edge filed the wind up petition..

According to court documents sighted by The Edge, the finanical institutions that filed the action are AmBank Islamic Bhd, Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank (Malaysia) Bhd and Bank Islam Malaysia Bhd.

https://www.theedgemarkets.com/article/cred...t-serba-dinamik

I wouldn't know......... your guess good as mine...

Perhaps the DD was based on the then available financial reports....…........…

Here's a simple exercise. Assume one bought Maybank 10 years ago and held it today.

Dividends collected from 2013 till today = 0.33 + 0.535 + 0.57 + 0.54 + 0.52 + 0.55 + 0.57 + 0.64 + 0.52 + 0.58 = 5.355 (or RM5335.00 per 1,000 shares)

Maybank traded at a high of 10.80 and low of 8.90 in 2013.

Buy at lowest price in 2013 at 8.90.
Share price today (yesterday closing price) = 8.98
Total dividends collected = 5.335
Total share value + dividends collected = 14.315

And this works out to a CAGR gain of only 4.81%.



Source: https://ringgitplus.com/en/blog/Personal-Fi...dend-Rates.html

Average last 10 year dividend rates from KWSP = 6.15%.

Which means if we invested in KWSP a sum of 8.9k, in 10 years that investment would be worth 16.1k
So clearly investing in Maybank wasn't as good as leaving the money in KWSP and collect dividends.
Now logically it's hard to buy at lowest price.
In real life, buying at the years high is likely scenario many a times for many people.
But let's use average. Year high in 2013 was 10.80.  Year low 8.90. So average price would would 9.85.

So same exercise. Using average price of 9.85.
Price today 8.98.
Sudah rugi there.... 

total value + dividend = 14.315.

And this works out to a CAGR gain of only 3.81%.

If that 9.85k was invested in KWSP, right now the investment would be worth 17.89k.

Massive difference.

Clearly investing for dividends in Maybank and holding it for 10 years isn't as profitable. 

The returns is kacang putih.
** yeah imagine if one was 'unlucky' and bought at 10.80?

** which comes back to the main question: Where's the meat?

** Dividends investing is way over rated. Dividends is not constant. Share price isn't either. When profits falls, dividends fall, share price will fall too!

** and yeah... previous data does not guarantee future... but if past is below average, what guarantee that the future is much better?

Yours?      (xcuse me while I vomit blood 2 times )

Special case... so it doesn't count.     

That's why la... I say yours don't count.   
RM3+ ??  chop leg, chop hand also don't sell lo... ( wait....    )

“After two long years of the pandemic, the worst is now over, and we are returning stronger and better,” said Capital A chief executive officer (CEO) Tan Sri Tony Fernandes in a statement accompanying the result announcement.


https://www.theedgemarkets.com/article/capi...-higher-revenue
The cigar he is smoking is more geng then mine one!     
* 364 million can tahan how many moons? *