*Both of you are just kids! [?] Elaine** * On Wed, Sep 2, 2009 at 12:14 PM, artomoro9 <artomo...@yahoo.co.id> wrote:
> > > > Ure the Man! > > > regards, > A9 > > > --- Pada *Rab, 2/9/09, Bagus Putra Perdana <disclosure....@gmail.com>*menulis: > > > Dari: Bagus Putra Perdana <disclosure....@gmail.com> > Judul: Re: Bls: [ob] BUMI (TP Rp3,800) - Citigroup: Upgrade to Buy: > Leveraged Play on Better Thermal Coal Outlook > Kepada: obrolan-bandar@yahoogroups.com > Tanggal: Rabu, 2 September, 2009, 12:03 PM > > > DUMP lg sedikit Jendral., angka Citi terlalu fokus sama 2010-2011. > Less cushion for the downside. Hit it. 2600 and lower. Baru enak liat > FCF yieldnya. Ure the Man! > > On 9/2/09, artomoro9 > <artomo...@yahoo.co.id<http://mc/compose?to=artomo...@yahoo.co.id>> > wrote: > > > > ane tanya kang BAGUS dulu yee.. > > > > regards, > > > > A9 > > > > disclaimerontheway > > > > --- Pada Rab, 2/9/09, CUMI.JK (Buy, TP 5000) > > <cumie...@gmail.com<http://mc/compose?to=cumie...@gmail.com>> > menulis: > > > > Dari: CUMI.JK (Buy, TP 5000) > > <cumie...@gmail.com<http://mc/compose?to=cumie...@gmail.com> > > > > Judul: [ob] BUMI (TP Rp3,800) - Citigroup: Upgrade to Buy: Leveraged Play > on > > Better Thermal Coal Outlook > > Kepada: > > obrolan-bandar@yahoogroups.com<http://mc/compose?to=obrolan-ban...@yahoogroups.com> > > Tanggal: Rabu, 2 September, 2009, 11:20 AM > > > > > > > > > > > > > > > > > > > > > > > > > > Kali aja pingin ngelawan Jendral Art, > > atau jendral Art mo beli di 2225, jual di 3800? > > > > ======= > > BUY, BUY, BUY! KEEP BUYING AND NEVER SELL! > > > > > > > > ---------- Forwarded message ---------- > > Bumi Resources (BUMI.JK) > > > > > > Upgrade to Buy: Leveraged Play on Better Thermal Coal Outlook > > > > Upgrade to Buy/High Risk; Raising target price to Rp3,800 — Robust > > earnings > > > > growth outlook and high FCF yield lead us to upgrade our rating to > > Buy/High > > > > Risk from Sell/Speculative.. The market is pricing in benchmark > > coal price of c. > > > > US$76/ton; meaning upside risks to our US$80-90/ton forecasts for > > 2010-11. > > > > Supportive coal price outlook — Citi’s commodities team > > recently raised its > > > > thermal coal price forecasts for 2010-11 to US$80-90/ton from > > US$70, citing > > > > structural improvement. Prospects of China becoming a sustained > > net importer > > > > of coal provides upside risks to medium and long-term coal price > > forecasts. > > > > Sanity check — Our IDR3,800 target price imputes an > > EV/reserve of > > > > USD5.4/ton (6..8% of 2010E Japan benchmark price of US$80/ton). > > This > > > > compares favorably with the implied EV/reserve from Tata’s > > acquisition at > > > > US$4/ton (7.3% of 2007 benchmark price of US$55/ton). Our ‘floor > > valuation’ > > > > estimate is Rp2,700/share based on DCF and Tata’s implied > > EV/reserve > > > > valuation. > > > > Convertible Bond – Double-Edged Sword — With > > coupon rate of 9.25%, Bumi’s > > > > latest US$375m convertible bond is not cheap. Bumi’s capped call > > option > > > > reduces the potential dilution risk while its equity swap position > > (essentially a > > > > leveraged long position in Bumi’s stock) is an unequivocal signal > > to us that > > > > management is bullish on Bumi’s medium and long-term outlook. > > > > Transfer of Coverage — We are transferring coverage of > > BUMI.JK to Kim Kwie > > > > Sjamsudin from Margarett Go. > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > Akses email lebih cepat. Yahoo! menyarankan Anda meng-upgrade > browser > > ke Internet Explorer 8 baru yang dioptimalkan untuk Yahoo! Dapatkan di > sini! > > http://downloads.yahoo.com/id/internetexplorer > > > -- > Each piece, or part, of the whole nature is always an approximation to > the complete truth, or the complete truth so far as we know it. In > fact, everything we know is only some kind of approximation, because > we know that we do not know all the laws as yet. Therefore, things > must be learned only to be unlearned again or, more likely, to be > corrected.......The test of all knowledge is experiment. Experiment is > the sole judge of scientific “truth”. - Richard Feynman > > > ------------------------------------ > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + +Yahoo! Groups Links > > > > > ------------------------------ > Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! > <http://id.mail.yahoo.com> > >
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