Member Info for DestituteBroker

Does anyone have any idea exactly what this index exclusion means ? [A] Bumi starts trading at some point & all can trade it, but it is not listed on any index. If so would realtime prices be available ? or [B] Bumi starts trading for the pro industry only, with retail investors locked out for 3 Months until it is entered on to an index ?

Good find Jade, but I can’t see it trading on Friday. There’s too much going on- that wasn’t the only thing detailed on Thursday, check the web.

Note the company has stated that the current market value of the stake is $314 million & no longer $501. Accounting & corporate lawyer consultants fees will no doubt be deducted from this + any other expenses, which must be considerable. A general meeting for independent shareholders to vote on the deal is planned for the Autumn.

There is no guarantee of a GE bid. 5.05 is at 30 times earnings vs 13 for the sector, so a good deal ?.

Question is will the board accept the deal & allow Mr Tan to be the majority share holder ? I think it most unlikely in the deals present form.

There is no need for an elaborate calculation. The announcement states that the Bakries sold their shares at $3.89, or about 257 pence each. So that has made no change to the suspended sp, it’s just the ownership of the shares that has changed hands.

Based on the data below in the Jakarta Post, if the offer is US$278 million. = to £178.462m divided by shares in issue at market close on the last trading day prior to suspension of 180.51m = 98.8 pence. Question: Does this mean that the SP is going to plummet to 99p when trading starts again ? is my maths correct ? Anyone any idea ?

Yes re RNS this is going to get nasty. Re the order book it only represents about 55 to 60% of the deals & only limit orders at that. Google turquoise & batts exchanges Because it’s only limit orders, ordinary’s don’t alter the share price directly, but it’s unlikely you will be able to trade into the order book that’s only for the pros, they control the book & the share price. You can make good money trading £25k eg x 4% = £1k. Best wishes

Can mean a few things: the share is halted due to high volume & a UT needs to take place. But Barclays like to fill their orders internally between buyers & sellers, which is cheaper for them as the mm’s not involved, but takes time. If you’re a serious trader you need a broker with direct-market-access, there limit orders but executed instantly. You get the current price not something that Barclays has conjurered up, hope this is helpful.

All of this is far from simple, I’ve read than Mr Tan’s £1bn shares were purchased with a loan from Standard Charter Bank & the bulk of Mr Rothschild’s share’s, 40m was a gift firm the Co & the return requested back as part of a ‘possible’ deal. Bumi defaulted on loans in the Asian crisis so has history. It already has a £1bn loan from the Chinese’s at an interest rate of 7%, this is why the stock price is stagnant, it can fall as easily as it can rise if bad news comes out. Quite where the small share holder sits with this is any ones guess.