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Serba Dinamik Group Bhd, Upcoming IPO
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xander2k8
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 Mar 17 2023, 05:50 PM
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QUOTE(nexona88 @ Mar 17 2023, 03:53 PM) Serba Dinamik: Liquidator has agreed to ‘several’ right-sizing initiatives“These initiatives will enable the companies to contain cash outflow as well as improve cash inflow to sustain the operations,” the Practice Note 17 company said in a Bursa Malaysia filing on Thursday (March 16). https://www.theedgemarkets.com/node/659519wonder what the so-called "initiatives" they talking about?? :confused:   Asset liquidation like oil rigs and machinery if Serba owns any Also Serba building in Shah Alam and any other properties they own |
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xander2k8
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Mar 17 2023, 06:04 PM
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QUOTE(icemanfx @ Mar 17 2023, 06:00 PM) Many of their rigs are only worth scrapped metal price. Doesn’t matter to the creditors especially as they want their money back 🤦♀️ Even if it is scrapped metal they will accept to offset their losses while trying to lower the write off of the credit books for Serba |
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xander2k8
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Mar 17 2023, 06:47 PM
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QUOTE(Cubalagi @ Mar 17 2023, 06:33 PM) Maybe got hope to be relisted back again? 👏 High unlikely 🤦♀️ even Capital A is still in same status but improving on cash flow and revenue as more flights are opening up |
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xander2k8
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Mar 17 2023, 11:45 PM
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QUOTE(nexona88 @ Mar 17 2023, 11:24 PM) Heck even AAX gotten UMA from bursa 😁 UMA on AAX because of rumours is impending change 🤦♀️ |
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xander2k8
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Mar 18 2023, 08:29 AM
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QUOTE(nexona88 @ Mar 18 2023, 08:11 AM) High unlikely 🤦♀️ since the price is high now If they were to do it long time ago when the price was depressed and before Capital A share consolidation |
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xander2k8
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Mar 18 2023, 04:41 PM
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QUOTE(icemanfx @ Mar 18 2023, 10:40 AM) likely croc churning the pond to attract retailers. aax business model is unsustainable and tf made $ from the public, very unlikely to take private. Yes which is why his business will have to be listed as will never own big stake unless using his investment vehicle |
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xander2k8
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Mar 18 2023, 07:46 PM
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QUOTE(icemanfx @ Mar 18 2023, 05:48 PM) He has the reputation and yet when minions see cheap tickets still rush to buy. Don’t forget it is not cheap in the end unless you buy it 6 months ahead Most of the capital is actually from the advance payment of these minions otherwise long time ago Capital A would have been long gone At least they are diversifying and cater to the market unlike MAS which just burning cash while not doing any substantial and structural to fix the bottom line while relying on tongkat which they would have be long gone if not for countless times of bailout from the taxpayer 🤦♀️ |
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xander2k8
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Mar 19 2023, 01:18 AM
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QUOTE(nexona88 @ Mar 18 2023, 08:18 PM) What to do... Many people is waterfish 😊 Still fall into the trap 🤣 Nothing to do with water fish it is just that Malaysians are cheapskates particularly M40 and low T20 🤦♀️ QUOTE(icemanfx @ Mar 18 2023, 11:26 PM) There is a s@ck@r born every minute. Can’t help of it let nature takes its place |
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xander2k8
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May 26 2023, 01:42 PM
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QUOTE(nexona88 @ May 26 2023, 11:55 AM) Hehehe... Blindly support whatever the outcome... Even the management is incompetent... Management is incompetent because the owner has the power of the board in the 1st place 🤦♀️ hence incompetence |
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