Ada impact terhadap price CTRA nggak?
________________________________
From: M Herman <hermanlat...@yahoo.com>
To: obrolan-bandar@yahoogroups.com
Sent: Mon, November 9, 2009 4:22:43 PM
Subject: Re: [ob] CTRS from CLSA
hari ini ada transaksi nego antara OD (danareksa) dan IF (samuel ) untuk ctrs
di 825 dengan total nilai Rp243 milyar
--- On Mon, 11/9/09, M Herman <hermanlatief@ yahoo.com> wrote:
>From: M Herman <hermanlatief@ yahoo.com>
>Subject: [ob] CTRS from CLSA
>To: obrolan-bandar@ yahoogroups. com
>Date: Monday, November 9, 2009, 2:15 AM
>
>
>
>Ciputra Development (CTRA IJ) and Ciputra Surya (CTRS IJ), update from Sarina
>
>It is reported in newspaper last Friday that CTRA will increase its stake in
>CTRS by another 22%. We have spoken with management regarding this transaction
>and the key point is that the 22% includes the 7.9% stakes bought earlier from
>Castleridge Enterprise. Purchase price is Rp825/share, more than 20% of the
>current share price. The whole 22% will be done by year end.
>
>CLSA sales desk in Jakartastruggles to understand why CTRA uses their cash to
>increase stakes in CTRS. The official explanation from CTRA is that market is
>not valuing CTRS properly hence the family is reluctant to put in new projects
>under CTRS. CTRA management has also said that there is no direct family
>ownership in CTRS. Whatever it is, this deal will provide support for CTRS
>share price, at least temporarily.
>
