P'Anton/P'John, Obligasi konversinya diharga berapa? Jangan2 nanti seperti CPRO. Adakah yg bisa membantu menganalisa TMAS dan APOL?
Terima kasih, Jhon Veter wrote: > > Cuma agak harus hati-hati pak Antonius. Peningkatan laba bersih pada > q1 terutama ditopang dengan perubahan nilai wajar obligasi konversi > ….. Apakah bisa terulang di Q2,3, dan 4 ??? Jadi perhitungan PER nya > tidak bisa memakai angka disetahunkan, harus ada justifikasi lagi. > > Faktanya sebenarnya dibalik cerita BLTA adalah laba bersih yang > “hanya” dari usaha BLTA cuma berkisar 200 M saja (diluar konversi)…. > Belum lagi obligasi konversi ini dijamin dengan saham loh…. Artinya > akan memberikan efek dilusi kepada para pemilik saham saat ini jika > para pemegang hak obligasi menukarkannya dengan saham (seiring > peningkatan harga saham). Belum lagi secara tersirat terlihat laba > sebesar 200 M masih lebih kecil dibandingkan kewajiban obligasi > sebesar Rp 300 M…. Weleh. So , must be carefull. Maybe not for invest > anymore on this stock. > > Memang secara teknikal BLTA bisa dibeli…. Tembus downtrend dengan vol > besar. Cuma sekali lagi laporan keuangannya ibarat air. > > Regards > > JV > > *BLTA - Q1 2008 Result Astounding * > <http://groups.yahoo.com/group/obrolan-bandar/message/82783;_ylc=X3oDMTJyOGlqaTU3BF9TAzk3MzU5NzE1BGdycElkAzE2NTIzNTUEZ3Jwc3BJZAMxNzA1MDAxNzc5BG1zZ0lkAzgyNzgzBHNlYwNkbXNnBHNsawN2bXNnBHN0aW1lAzEyMTA4NDMwNDQ->** > > *Posted by: "antonius martono salim" [EMAIL PROTECTED] > <mailto:[EMAIL PROTECTED]> > martonosalim <http://profiles.yahoo.com/martonosalim>* > > *Thu May 15, 2008 1:51 am (PDT) * > > hello i'm a young player in stock, has been long as OB member yet not > so active. but really learn a lot from the seniors over here. > just received from this milist a forward daily from kim eng securities > about BLTA q1 result which is very interesting and today hike +10% is > just the beginning. still very cheap according to me. > since BLTA reports 515% increase on Net Income. new EPS Q1 = Rp 208,- > which if we annualized = Rp 832,- or PER 2.58x at current price 2150. > this makes BLTA the cheapest shipping company in the world since it > peers trade at 8 -12x, FYI BLTA 2007 trade at 10 - 15x. > if we take the lowest PE 8x then we will have Rp 6656 as the target > price.since BLTA has high gearing ratio and volatilty to oil price to > half of it ships (since almost 50% operational ship are contract base) > we will be pesimistic and drop the PE to 4 or 5x then we will still > have 3328 or 4160 as the target price. > please comment i'm affraid i'm wrong. thanks > > ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/obrolan-bandar/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
