sho(p)rt till you drop!!
----- Original Message ---- From: Elaine <[EMAIL PROTECTED]> To: [email protected] Sent: Wednesday, June 4, 2008 2:54:02 PM Subject: Re: [obrolan-bandar] Fw: INDO UPDATE - RUMORS OF BUMI PLACEMENT: UNFOUNDED short Elaine On Wed, Jun 4, 2008 at 2:50 PM, Joe Grunk <[EMAIL PROTECTED] com> wrote: - Rumors are going the round that BNBR, the 35% owner of BUMI might do a sell-down of a 3% stake in BUMI to raise money. - BNBR is still trying to fund around USD 800m through either a bank-loan, debt, > or in the worst case situation a sell-down in assets. > - Our analyst view is that they should be able to finance that through loans or > debt, and that a sell-down is not necessary. > - Coal plays, including BUMI, have been weak this morning as sentiment > has turned thanks to the Chinese coal names. > - If there is any selling on fears of a placement, it is creating a > buying oppor > tunity. > > ------------ --------- --------- --------- --------- --------- --------- ---- > ---- ----- > The content of this communication is subject to CLSA's Legal and Regulatory Notices,which can be viewed at https://www. clsa..com/ disclaimer. html or sent to you > upon request.
