Atlas IPO 25%. What story behind Hanson Energy?

Irvin Avriano A.

Atlas IPO 25%. What story behind Hanson Energy?

JAKARTA: PT Atlas Resources Tbk plans to loads 25% of their new shares to investors in the capital market related to their IPO, with funds targeted above IDR2 trillion. But there is an interesting name behind, PT Hanson Energy, which rings something behind a bell. What is Hanson Energy's relation to Atlas Resources?

As we -as the public know-, Atlas Resources has already appointed two underwriters to handle the 783.33 million new shares issuance, PT Indo Premier Securities and PT UBS Securities Indonesia. When we still assumed the fund would raise IDR2 trio, nevertheless, the price per share couldn't be under IDR2,553 per share.

Central Omega will issue IDR1.02 trio rights and warrant

BI/market

25/8/2011

Irvin Avriano A.

Bisnis Indonesia

Central Omega will issue IDR1.02 trio rights and warrant

JAKARTA: PT Central Omega Resources Tbk, mining listed company that used to be known as multifinance company called PT Duta Kirana Finance Tbk, will issue new securities worth IDR1.02 trillion by issuing a preemptive rights (hak memesan efek terlebih dahulu/HMETD) and warrant as its rights issue I/2011.

Central Omega information disclosure published in newspaper today showed the company, which shares coded as DKFT, will held rights issue worth IDR983.73 bio that will issue as much as 983.73 million new shares which have nominal value IDR500 and with execution price IDR1,000. Every 1 existing shareholder have a rights to keep 9 news shares that will be issued.

The company also will issue 36.42 mio warrant worth IDR45.54 bio as incentive to investors which execute his rights with portion every 27 rights for 1 warrant. As the result from the announcement, today their shares suspended again by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) for the second time after August 22nd.

Bumi Resources allocated IDR3.9 trio to buyback

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia


Bumi Resources allocated IDR3.9 trio to buyback

JAKARTA: Bakrie Group coal miner giant listed company PT Bumi Resources Tbk allocated IDR3.9 trillion to buy back 780 million shares to lift its earnings per share, return on equity and expand access to finance.

The matter is exposed in the information disclosure yesterday, together with its extraordinary general meeting of shareholders (EGM) on September 26th.

"The funds reserved for shares buy back shares for a maximum period of 18 months since the EGM approval is obtained, is not more than IDR3.9 trillion," said Bumi Resources management led byAri Saptari Hoedaja in its announcement yesterday.

Myoh into mining and coal sector

BI/market

23/8/2011
Irvin Avriano A.
Bisnis Indonesia

Myoh into mining and coal sector

JAKARTA: PT Myoh Technology Tbk, a hotel industry's information technology developer listed company, intend to change its main business into mining and coal in a way acquire US$2 million-capitalized PT Sims Jaya Kaltim.

The intention to buy the South Korean-based Samtan Co Ltd subsidiary is showed in the company's information disclosure yesterday. The data also showed Myoh fund to realize the plan is from the rights issue they already planned before.

But the disclosure do not contain any information related to amount of fund which intend to gathered or the acquisition value. Data showed in internet showed Samtan is a shareholder of PT Kideco Jaya Agung with 49% composition, which shared with PT Indika Energy Tbk.

BUMI will hand over BRMS

BI/market

11/8/2011

Irvin Avriano A.

Bisnis Indonesia

BUMI will hand over BRMS

JAKARTA: Giant coal emitters owned by Bakrie Family Group, PT Bumi Resources Tbk, declare their intentions to hand over shares of its subsidiary: PT Bumi Resources Minerals Tbk.

The matter was disclosed in their official letter to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) last night, related to their extraordinary general meeting of shareholders (EGM/RUPSLB)'s agenda.

Bumi Resources Director & Corporate Secretary Dileep Srivastava in the statement didn't explain more details about the disbursement, including the cause, the amount of shares that will sold, or the relation with the Vallar Plc (Bumi Plc) intention to take over Bumi Minerals.

Petrosea posted 2010 2,557% risen net profit

Bursa

Irvin Avriano A.

Petrosea posted 2010 2,557% risen net profit

JAKARTA: PT Petrosea Tbk booked an increasing net profit in 2010 as much as 25 times or 2,557% from US$1.59 million in 2009 to US$42.25 mio, even the revenue only grow 8.8% from US$171.82 mio to US$186.94 mio at the same period.

Based on their financial statement that published in the bourse authority yesterday, the rocketing net profit happen due to declining on its provisions on doubtful accounts that shrunk 99% from US$26.99 mio on 2009 to only US$268,000 in 2010.

Petrosea posted US$40 mio net profit

BI / exchange

1/3/2011
Irvin Avriano A.
Bisnis Indonesia

Petrosea posted US$40 mio net profit

JAKARTA: PT Petrosea Tbk net income predicted higher than US$40 million during 2010, or at least increased by 2415% of net profit booked in 2009 amounted to US$1.59 mio.

"The [Petrosea] contribution was increased to more than US$40 million," said Vice President Director of PT Indika Energy Tbk Wishnu Wardhana told the press this afternoon. Indika is a controlling shareholder as well as the majority of Petrosea.

Indo Tambangraya booked sales 22.18 mio tonnes

BI/bursa

23/2/2011
Irvin Avriano A.

Indo Tambangraya booked 2010 sales 22.18 mio tonnes

JAKARTA: PT Indo Tambangraya Megah Tbk booked 22.18 million tonnes of coal sales through 2010.

The matter was published in the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) information disclosure today.