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. >