wuih.... keren deh caranya... On Tue, Jun 16, 2009 at 9:03 AM, Vic <victor_speran...@yahoo.com> wrote:
> > > mappi's valuation (tolong dikonfirm): > > *Acquisition of 44% of PT Darma Henwa Tbk (DEWA) via Zurich. > > Valuation based on consultant Yanuar Bey & Rekan: > > Acquisition Total value > Rp 2,412 billion > > Upfront Payment Fee > Rp 492 billion > > 1st year > Rp 359 billion > > 3rd year > 1,561 billion > > Conditionality Final Payment > Meet target of 12 metric tons of coal by Dec. 2011 > > TRANSACTION DETAIL: > > -Announcement: Dec. 30, 2008 > -Selling shareholder: Goodrich Management Corp. > -Acquisition through 80% of Zurich Asset Investment which in turn owns 55% > of DEWA > -Total value: Rp 2,412 > -If DEWA fails to meet its 12 MT output target by above date, the value is > open for downgrade > > Mappi (Masyarakat Profesi Penilai Indonesia) has come up with two valuation > results on DEWA transaction. One, Mappi provides its valuation based on its > owned assumption and site visit. (Mappi's assumptions are independent and > final. Both Bumi Resources's management and Indonesian Stock Exchange can't > question Mappi's work). It is called the fair value of DEWA. > > Two, Mappi has compared its valuation with Yanuar (Bumi's independent > valuer). The result is Yanuar's valuation remains lower than Mappi's fair > value. It means Bumi doesn't need to cut its transaction value. > > Key points of DEWA: > • Business: mining contractor > • Estimated value of currect project: US$4.7 billion > • FY09 estimationf of overburden removal: 84 million bank cubic feed (bcm) > • FY09 estimation of coal mined: 9 million tonnes > • FY09 estimation of revenue: US$200 million > > ---------------------------------------------------------- > > *Acquisition of 76.8% of Fajar Bumi Sakti (FBS). > > Valuation based on consultan Yanuar Bey & Rekan: > > Acquisition Total Value > Rp 2,475 billion > > Upfront Payment Fee > Rp 0.156 billion > > 1st Year > Rp 430 billion > > 2nd Year > Rp 2,045 billion > > Conditionality Final Payment > Achieves output of 4 metric tons of coal by 2010 > > Transaction details: > • Announcement date: January 5 2009 > • Selling shareholder: Ancara Properties Ltd > • Acquisition through 76.9% of Leap Forward Finance which in turn owns > 99,9% shares in FBS. > • Total value: Rp2,475 billion > > Key points of FBS: > • Business: Coal producer > • Coal reserves: 98 million tonnes > • FY09 estimation of production: 2.3 million tonnes > • FY09 estimation of revenue: US$133 million > • FY09 estimation of EBITDA: US$53 million. > > Mappi found that rp 2,475 billion rupiah acquisition value was to high and > wouldn't reflect a fair value. A downward adjusment in the amount of Rp 370 > billion needs to be applied. > > Senior officials at the stock exchange who are familiar with this case said > Nirwan Bakrie had agreed with this downward adjustment, but it would be up > to the seller and Bumi to finally arrive at an exact price. > > ---------------------------------------------------------- > > *Acquisition of 84% of Pendopo Energi Batubara. > > Valuation based on consultant Yanuar Bey & Rekan: > > Acquisition Total Value > Rp 1,304 billion > > Upfront Payment Fee > Rp 0.841 billion > > 1st Year > Rp 226 billion > > 2nd Year > Rp 1,077 billlion > > Conditionality Final Payment > Enter into a power purchase agreement by Dec. 2010 > > Transaction details: > • Announcement date: January 7 2009 > • Selling shareholder: Indomining Resources Holding Ltd > • Acquisition through 89% of Pendopo Coal which in turn owns 95% of Pendopo > Energi Batubara. > • Total value: Rp1,304 billion. > > Key points of Pendopo: > > • Business: Coal mining > • Coal reserves: 0.7 billion tonnes > • Coal resources: 1.1 billion tonnes > • Project still under feasibility study. > > Mappi found the Rp 1,304 billion acquisition price was under the fair > value, thus a correction/adjustment woudn't be needed. > > BUMI management doesn't object to this. The final draft of Mappi report > will be submitted to Indonesia Stock Exchange today (June 16) > > > --- In obrolan-bandar@yahoogroups.com <obrolan-bandar%40yahoogroups.com>, > "qasuaribo" <qasuar...@...> wrote: > > > > Hari ini (senin malam) ane liat iklan BUMI di TVOne saat acara REKTOR > dengan CAPRES. Ane jadi inget beberapa waktu lalu ketika harga BUMI masih > rendah (sekitar 500an) gencar banget iklannya. Dan sekarang muncul lagi, > TANDA-TANDA ALAM kah ini hehehehehe ...apalagi kata-kata dalam iklannya wuih > keren banget kaya sedang ngirim MESSAGE tertentu nih..... > > > > >
