Setuju dg Bung Alfa - kalo bisa full leverage (hutang) utk strong-growth co + stock, baik scr alamiah maupun sintetis spy dari katak (40), jadi lembu (980) - nanti jadi King Kong, deh.
-----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of EKA SUWANDANA Sent: Monday, March 20, 2006 9:23 AM To: [email protected] Subject: Re: [obrolan-bandar] Re: BUMI: Nilai CASH TO owner ? Dan sebagai tambahan margin bisnis oil dan gas lebih tinggi dari coal....semua bidang yg akan dijalankan baik berprospek bagus...dgn catatan JANGAN KELUAR UANG LAGI UTK MERGER dgn ENRG, harus merger sukarela bukan akuisisi. Asal tahan lihat laporan keuangan utk 1-2 tahun merah...ini saham (dgn catatan di atas)...bisa naik lagi. alfanendya <[EMAIL PROTECTED]> wrote: Kalau nggak salah deal tsb termasuk "assumed debt". Dalam hal ini mungkin notes-nya Indocoal Resources sebagai akibat jual-beli batubara ke Indocoal Export sebesar USD 600 juta. Di lapkeu dicatat sebagai uang muka pelanggan. Per September 2005 masih ada kewajiban ke Indocoal Export sekitar Rp. 4,7 trilyun. Jadi kalau kewajiban itu juga di-take over maka "cash-to-owner" jadi sekitar Rp. 1050. Tapi tentunya BUMI nggak serta-merta melunasi! seluruh hutang. Malah lebih bagus lagi kalau ngutang lagi :-) Growth company harus ekspansi terus. Debt free company itu punyanya "orang2 tua", seperti SMDR he 3x. Per September 2005 BV 116. Dengan closing price 980 maka PBV 8,5 x. Dengan new BV 1650 (?) maka target price 14 ribu ??? He 3x, wishful thinking, though theoritically correct. BTW, deal tsb kena tax berapa ya? Berita terakhir, salah satu anggota konsorsium adalah trading house giant Marubeni. --- In [email protected], jsx-consultant <[EMAIL PROTECTED]> wrote: > > BUMI akui SUDAH menjual 95% saham KPC dan 100% saham Arutmin kepada PT > Borneo Lumbung Energi seharga US$3.2 billion. > > (sumber : RTI news) > > > > - CASH proceed = $3,2 billion x 9200 = 29.440.000 million rupiah > > Data UTANG From Q3 2005: > - LIABILITY = 6.600.784 + 7.049.760 = 13.650.544 m! illion rupiah > > Jadi: > - CASH TO OWNER = CASH from sale - LIABILITY = > 29.440.000 -13.650.544 = 15.789.456 million rupiah > - Number of BUMI share = 19.400.000.000 lembar > > - CASH TO OWNER = 15.798.456 / 19.400.000.000 = 814 rupiah > > Harga terakhir saham BUMI = 980 rupiah > > Sepertinya BUMI dijual dibawah PREMIUM ? > > Please COMMENT apa itungan embah bener ???? > SPONSORED LINKS Business <http://groups.yahoo.com/gads?t=ms&k=Business+finance+course&w1=Business +finance+course&w2=Business+to+business+finance&w3=Small+business+financ e&w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Busines s+finance+schools&c=6&s=185&.sig=I8jDsORmsaYn0BeqghcJ2w> finance course Business <http://groups.yahoo.com/gads?t=ms&k=Business+to+business+finance&w1=Bus iness+finance+course&w2=Business+to+business+finance&w3=Small+business+f inance&w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Bu siness+finance+schools&c=6&s=185&.sig=fCzze7cxm1K7TVKkzAaOrA> to business finance Small <http://groups.yahoo.com/gads?t=ms&k=Small+business+finance&w1=Business+ finance+course&w2=Business+to+business+finance&w3=Small+business+finance &w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Business +finance+schools&c=6&s=185&.sig=v9sWAno7Kz4WuL8Tadcdhw> business finance Business <http://groups.yahoo.com/gads?t=ms&k=Business+finance+consultant&w1=Busi ness+finance+course&w2=Business+to+business+finance&w3=Small+business+fi nance&w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Bus iness+finance+schools&c=6&s=185&.sig=d1xwT3WL0E6XBf6cAV5BXA> finance consultant Business <http://groups.yahoo.com/gads?t=ms&k=Business+finance+magazine&w1=Busine ss+finance+course&w2=Business+to+business+finance&w3=Small+business+fina nce&w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Busin ess+finance+schools&c=6&s=185&.sig=qphRINaNuVm_6bwoQxgUmg> finance magazine Business <http://groups.yahoo.com/gads?t=ms&k=Business+finance+schools&w1=Busines s+finance+course&w2=Business+to+business+finance&w3=Small+business+finan ce&w4=Business+finance+consultant&w5=Business+finance+magazine&w6=Busine ss+finance+schools&c=6&s=185&.sig=1RfnhYZpV99RKWRZzSH4gA> finance schools _____ YAHOO! GROUPS LINKS * Visit your group "obrolan-bandar <http://groups.yahoo.com/group/obrolan-bandar> " on the web. * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <mailto:[EMAIL PROTECTED]> * Your use of Yahoo! Groups is subject to the Yahoo! <http://docs.yahoo.com/info/terms/> Terms of Service. _____ [Non-text portions of this message have been removed] DILARANG KERAS MEMOSTING OPINI PRIBADI TENTANG POLITIK DI MILIS INI. Silahkan lakukan itu di milis [EMAIL PROTECTED] [EMAIL PROTECTED] untuk unsubscribe dari milis saham [EMAIL PROTECTED] untuk subscribe ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
