Orang bangkrut mah dah gak punya waktu panjang buat mainin, jadi
paling-paling ya diobral aja, abis itu terserah si penampung buangannya mau
dibawa kemana.

Kali sama kayak orang mau cerai yah, likuidasi harta secepatnya supaya
segera bisa dibagi jadi harta gono-gini. Makanya kalo mau cari rumah murah
ya cari yang mau cerai. Aih, bukan ndoain yang jelek yah ...

Salam,
Cumi, Cuma Mimpi


On Thu, Sep 25, 2008 at 5:08 PM, abdulrahim abdulrahim <
[EMAIL PROTECTED]> wrote:

> Pak Cumi, kira2 portfolio si Leman tsb bakal diobral atau diangkat dulu?
>
> Terus, apa resiko untuk masing2. Misalnya jika dibuang/ diboral dulu,
> apa ada jaminan bakal naik, atua malah terus nyngsep?
>
> On Thu, Sep 25, 2008 at 10:27 AM, Juragan Cumi <[EMAIL PROTECTED]> wrote:
> > Kapan yah barang-barang ini bakal dilepas murah ke pasar?
> >
> > Salam,
> > Cumi, Cuma Mimpi
> >
> >
> > ---------- Forwarded message ----------
> >
> >
> > Lehman's portfolios in Indonesia,
> >
> > Lehman Brothers was among foreign creditors for PT Bakrie & Brothers
> (BNBR)
> > Tbk when Bakrie family were struggling to regain control over the
> company.
> > In fact, Lehman once owned 1.74% shares in BNBR back in 2003. After a
> brief
> > period of relatively quiet, Lehman returned to major corporate actions in
> > the last few years with Bhakti Group as the main partner.
> >
> > Lehman was also active in Gajah Tunggal Group, Davomas, and Jakarta
> > Setiabudi, and Intikeramik Group. Let's start with Bhakti.
> >
> > On Dec 18, 2007, Lehman Brothers Commercial Corp Asia Ltd provided US$75
> > million facility to PT MNC Sky Vision (MNCSV) where Global Mediacom
> (BMTR)
> > controls 51% shares. The 44-month facility carries LIBOR +2% interest,
> used
> > by MNCSV to expand Indovision's Pay TV business.
> >
> > Collaterals of the facility are:
> > 1) 2.27 billion shares of MNCSV at nominal value of Rp227 billion.
> >
> > 2) Shares in PT Media Citra Indostar owned by PT Datakom Asia at nominal
> > value of Rp68 billion, and
> >
> > 3) 893 million shares of BMTR at nominal value of Rp89 billion; The value
> of
> > these shares is Rp406 billion at the current price of BMTR (Rp455).
> > It is not clear yet on who will takeover the facility and the collaterals
> > from Lehman Brothers. But some local groups are keen to takeover the
> assets.
> > Bhakti's subsidiary PT Mobile-8 Telecom (FREN) once invested US$45
> million
> > in Lehman Liquidity Fund but according to FREN's first half 2008 report,
> the
> > facility has been fully recovered.
> >
> > Lehman also provided US$70 million facility to FREN in 2006 but FREN had
> > fully repaid the facility plus interest of US$1.6 million in August 2007.
> > On January 25, 2008, FREN and Lehman Brothers Opportunity Ltd (LBOL)
> amended
> > the warrant agreement dated Nov 29, 2006 in relation to the extension of
> the
> > exercise period until July 29, 2008. On the same date, FREN issued 20
> > warrant certificates to LBOL where each certificate is exchangeable for
> > 111.368 million shares of FREN or around 2.227 billion shares. At the
> > current market price, the value of the shares is around Rp177 billion.
> >
> > On August 8, 2007, FREN entered into a swap agreement with Lehman
> Brothers
> > Special Financing until March 1, 2013 with a notional amount of US$100
> > million where FREN agreed to pay fixed interest rate of 10.45%. As of Dec
> > 2007, the fair value of the derivative financial instrument amounted to
> > US$299,212 or Rp2.8 billion.
> >
> > Unfortunately, FREN has yet to issue its first half financial results to
> get
> > better view on Lehman-related issues. But some said Bhakti would likely
> get
> > significant discount on the facilities due to the bankruptcy filing.
> >
> > DAVOmas
> > In May 2006, Davomas entered into an interest rate swap contract with
> Lehman
> > with a notional amount of US$50 million where Davomas agreed to pay a
> fixed
> > rate 9.28% in semi-annual intervals up to 2011. As of August 31, 2008,
> > Lehman controls 1.377 billion shares of DAVO, increased sharply from
> 6.37%
> > (789 million shares) in June 2007. At the moment, the value of Lehman
> shares
> > in DAVO is around Rp168 billion. It's not clear whether Lehman has
> divested
> > the shares.
> >
> > Intikeramik
> > Ceramic producer PT Intikeramik Alam Asri Industri (IKAI) Tbk initially
> > planned to take US$22 million facility from Lehman, but cancelled due to
> > disagreement on warrant deal. Intikeramik then moved to PT Al Ijarah
> > Indonesia Finance (ALIF).
> >
> > Gajah Tunggal
> > Lehman involved in the issuance of US$325 million bonds for Gajah
> Tunggal.
> > Other than that, Lehman and Citicorp agreed to restructure two notes
> issued
> > by Polychem Indonesia, an affiliate of Gajah Tunggal Group, with combined
> > outstanding of US$102 million late last year.
>
> ------------------------------------
>
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