Abdi satuju sareng kang B_ND , punten kang Bagus upami tiasa bahasa na di terjemah keun kanu bahasa Indonesia.. Hatur Nuhun Kang..
Regards, -Welcome 2010- -----Original Message----- From: B_ND <nyaham.d...@gmail.com> Date: Sun, 21 Feb 2010 17:51:04 To: <obrolan-bandar@yahoogroups.com> Subject: Re: [ob] Price to Book value saham Bakrie per 4 jan 2010 Punten Kan gBagus, Mun tiasa mah di_indonesiakeun wae atuh...dah abdi mah teu pati ngeurti basa inglish.eui..Komo deui mun make istilah-istialh ekonomi kiyeu...Punten pisan nyak Kang.... Salam, On Sun, Feb 21, 2010 at 5:27 PM, Bagus Putra Perdana < disclosure....@gmail.com> wrote: > nowaday a company is worth its cash generating abilities. rarely does > it worth its 'balance sheet' unless on a few stripped-off case. Or in > some 'overhang' situation its on the 'overhang working-out' condition. > One does not simply buy a company and cashing its accounting book > value at an exact market price. It could worth more, it could worth > less. Its ultimately depends on the quality of the assets. Its cash > and liquid assets on hand versus liabilities that need to be settled. > It worth its cash generating abilities going forward. amount of new > capital-injection needed to keep the business running is a huge factor > too. its niche and franchise value.(Those VRIO stuffs.) might justify > a premium intangibles valuation. There were three basic questions to > resolve : First, what are the true economics of the business? Second, > how do the economic compare to the reported earnings? Third, how are > the interests of the decision makers aligned with the investors? > > Problems with UNSP is they were cash-burning and drownin in debt. Huge > dillution with a big bet on an unproductive asset. Given the battered > price, It may be worth the bet. The domba mas takeover might proves to > be a good decision. But everything should be decided by a detail and > prudent further assesment. It cant be done only by looking at current > BV level. Unfortunetaly, Domba Mas data is unavailable to most of us. > I personally prefer to wait 6-10 months from now to get a better after > dillution data and facts about domba mas. Things might turn > interesting for bakrie if after the RI execution UNSP announced they > were withdrawing from domba mas deal. By that they will be hittin > double, erasing the overhang on bad asset burden aswell as dilluting > other shareholders and still with pile of cash on hand. That would be > brilliant move but rather unsportive and tricky. > > On 21/02/2010, jsx_consultant <jsx-consult...@centrin.net.id> wrote: > > Price to Book value saham Bakrie per 4 jan 2010 > > > > > > Embah barusan buatkan nilai PBV saham saham Bakrie per 4 Jan 2010 > > yaitu sebelum Right Issue DEWA, ENRG dan UNSP > > > > BUMI = 2,1 > > BNBR = 1,2 > > ELTY = 0,8 > > UNSP = 0,8 , (note PBV AALI sekitar 6) > > BTEL = 0,7 > > DEWA = 0,6 > > ENRG = 0,1 > > > > Perhitungan ini mohon dicheck kembali, takutnya ada yg salah > > > > selengkapnya di: > > - hhtp://www.investdata.net/QZ93BAK5.TXT > > > > > > > > > > > > > > > -- > 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 > > > >
