19.2K?
Elaine Sui wrote:
>
>
> /Ehh, only one liner review for Bukit Asam? you know bukit asam is way
> *below *their fair value.. hee don't play hide and seek with me.
> *
> Elaine*/*
> *
>
> On Fri, Sep 25, 2009 at 11:37 PM, Bagus Putra Perdana
> <disclosure....@gmail.com <mailto:disclosure....@gmail.com>> wrote:
>
>
>
> Having Declared They Got a 19 % IRR is not that bad El, Ultimately
> when 12 % of it is already secured and Were Guaranteed by the
> rights to hold Account Receivables too.
>
> Why BUMI? Simple El.., The Price Level They Went Down Last Year,
> who didnt scoop them?!. i was avg down mine back then. that made
> my holding a bit bigger than it should be (damn i admit it, i
> didnt get out when it was 8000 and i do have some initial position
> at 2800 ish before the lehman incident, so it would be quite clear
> i re-shape my position at some much bargain level)
>
> Why do i keep on flirt BUMI despite its "Smart" Management?
>
> another simple one Missy, we all know that well too..
>
> KPC! Indonesia Natives Gotta Have Some Chunks on that
> crownasset... Dang KPC is a really good one. a really good one...
>
> besides i dont just pick BUMI, I Have the chunk Of all Indonesia's
> Coal Proxy, with diffrent concentrated proportion of course...
>
>
>
> Its Not Easy To Double Production Level When Ure Producing At 50
> Mn/Tonne Level.
>
> So Far Only BUMI and ADARO sitting at those level.
>
> Adaro Is An Exact Opposing Stories of BUMI, Come Up With Lousy
> Balance on IPO, They Gradually Improved the Lousy-Mezzanine-Build
> Balance sheet to a more and more healthy one. Proceeds Of IPO
> (Which Held at Fairly Good Price) was mainly used for Buying The
> Stake Of the Minority shares which were before punching their
> Earning After taxes (though they too bought it at exact expensive
> price as high as the IPO price). nonetheless no destruction on
> shareholders value. the remains Internal Cash was demonstrated to
> be used all for Coal-related decision. that provide some good
> marks for the management.
>
> negative thing is its likely already reflected on the price. Full
> Value Level has been reached. but the upside is there though, for
> longer-period player, given the assuring action of the
> shareholders. they dont do reckless non-coal acquisition. that
> made the difference, the whole difference...
>
> PTBA has Best Asset, They were A sure winner.
>
> Infinite Period Of Contract with Infinite Amount Resources. Not
> Yet Materialized. But Time Is Our Friend With This One
>
> Problem is their execution is naturally lame and slowed. well what
> can we say?, they were SOE. Time and commitment as a long-term
> holder is always on the mental note when we were entering this one.
>
> ITMG is very Good on Free CashFlow Wise. Its Balance were mostly
> On Hard Assets, problem is limited amount of current Reserves.
> 10-11 Year Span at best now.
>
> INDY? Not A Pure Play on Coal, I have to see more on KIDECO. but
> its quite prident with cash management. so its a neutral one. i
> didnt enter these one though. under review and Yet to be tuned
> later on.
>
>
> Thanks For Ur Toughts Missy... U always bring a good point of view...
> On Fri, Sep 25, 2009 at 11:05 PM, Elaine Sui
> <elainesu...@gmail.com <mailto:elainesu...@gmail.com>> wrote:
>
>
>
> /I'm worried about CIC. They're just rich big fat sitting
> duck. You can create a good looking proposal, walk to their
> office, tell them you have a good investment opportunity,
> bring them to dinner at expensive restaurant. Soon they will
> pour you with munnnyyy.
>
> There's always be the magic words 'debt restruct' and that
> often happens on Bakrie Group. I didn't say CIC is not smart,
> I'm just saying that Bumi mgt is waay smarter (in a sarcastic
> way), and CIC is too big to watch over this 'naughty boy'..
>
> I wonder, why did you pick BUMI?
>
> *Elaine*
> /
>
> On Fri, Sep 25, 2009 at 10:24 PM, kang_ocoy_maen_saham
> <disclosure....@gmail.com <mailto:disclosure....@gmail.com>>
> wrote:
>
> To The Extreme, Yes Missy, I am deeply worried, hence my
> deep concern (C'mon I Hold Some Pile Of BUMI too in My
> Portfolio, i dont like to cash-in at this level and unload
> it now but if the shareholder value is furtherly ruined by
> bad cash management, sure miss, i'll jump the boat and
> bundle the gain. safety first, that is what i was ordered
> to ensure...)
>
> Current CashFlow Figure Is Already Bleak Enough Even
> without extra 250Mn P/A Cash Coupon Payment. U know what i
> was talkin... All that worth for equity holders is
> freecashflow...
>
> Things would be Okay If the 1.9 Bio is properly
> directed.(Uhm Can U Whisper Their Ears to do so ^_^...)
>
> What do u say about BUMI's Management Effectiveness Missy?
>
> Care Sharing Us Your PERSONAL Tought of them?
>
>
> Greatly Appreciated... Thanks Before...
>
>
>
> --- In obrolan-bandar@yahoogroups.com
> <mailto:obrolan-bandar@yahoogroups.com>, Elaine Sui
> <elainesu...@...> wrote:
> >
> > *Ehhhh.. did you say JUMP OUT? you're worried about the
> management
> > effectiveness, are you?
> >
> > Elaine**
> > *
>
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