Bumi Share Discussion Threads

[hvs] 01/10/2013 17:05

I hear too good either.

Any OLD COAL ???

But Nat KING COAL in a young un aint he ????

FTSE 100 and all

ARISE DAME FURSE

[naughtynicky72] 30/9/2013 17:58

Hello hvs , I was wondering if you hold any shares in BUMI ,you seem too pop up now and then , if you dont hold way waste you time posting on hear i dont get it !

[hvs] 30/9/2013 17:36

lol !!!!!!

lol !!!!!!

It aint going anywhere.

Ask our very own Nat King COAL and Dame FURSE.

Vely nice indeed.

[naughtynicky72] 30/9/2013 17:09

2.6 % rise very nice Bumi !

[naughtynicky72] 30/9/2013 17:06

Nice little move up after 3 pm , lets have some more please BUMI for this week !

[naughtynicky72] 26/9/2013 21:01

Come on BUMI lets get some good news out and get this moving back up too fair value ! .

[naughtynicky72] 20/9/2013 17:03

BUMI down 0.6 % today , please can we NOT have a bit more off this next week MANY THANKS Naughty ! .

[naughtynicky72] 20/9/2013 16:41

BUMI up 6.3 % today very good , please can we have a bit more off that next week Many Thanks Naughty .

[naughtynicky72] 16/9/2013 17:54

So by the end off November 2013 for the separation ! , i am still here waiting for more good news , come on bumi lets get going north ! Naughty .

[tamboerskloof] 16/9/2013 09:29

Separation Transaction Update

On 9 September 2013 the Company announced that, amongst other things, discussions were on-going regarding certain outstanding items relating to the separation of the Company from the Bakrie Group and PT Bumi Resources Tbk (the "Separation") that remained outstanding and that are outside of the Company's control.

The Company continues to work towards bringing the Separation to fruition on the financial terms previously announced on 18 July 2013. In this connection it has agreed to modify certain of the conditions to, and timing of, the closing of the Separation in order to facilitate the resolution of certain outstanding items as a result of which it is anticipated that the Bumi shareholder circular will be published in October 2013 and that completion of the Separation will occur by the end of November 2013.

Negotiations regarding these outstanding items are continuing and a further update will be provided to shareholders as and when appropriate.

[naughtynicky72] 11/9/2013 20:17

Still here waiting BUMI for good news please !

[strollingmolby] 25/8/2013 09:09

Bumi, the scandal–hit coal miner looking to sever ties with Indonesia's Bakrie family, has dropped its attempt to lure former BP executive John Manzoni as its new chairman

[naughtynicky72] 23/8/2013 15:13

We are waiting around too see whats going on and the share price just bounces around the £2 mark waiting for news too come ?? Im holding on for the ride Naughty !

[hvs] 07/8/2013 17:30

lol !!!!!!!

ARISE LORD NAT KING COAL.

[naughtynicky72] 07/8/2013 16:37

Come on Bumi lets get this going up north !

[hvs] 03/8/2013 10:38

ARISE DAME FURSE

Anyone seen NAT KING COAL ???

[tamboerskloof] 26/7/2013 08:58

Despite seeing a sizeable loss in the first quarter, coal miner PT Borneo Lumbung Energi & Metal is looking to apply for other loans to finance its plan of increasing stakes in the London-listed Bumi plc.

Borneo, which produces hard coking coal, reported US$14.18 million in net loss in the first quarter of the year. In the same period last year, it booked a net profit of $11.95 million, according to a file submitted to the Indonesia Stock Exchange (IDX) on Thursday.

The coal producer, which runs business through its 99.99 percent owned subsidiary PT Asmin Koalindo Tuhup, reported higher revenue by 13 percent to $138.61 million during January to March period of the year from $122.61 million year on year.

The company gave no details about the volume of its coal sales during the first month of the year. Borneo director Kenneth Allan declined to reveal the sales volume, saying that the company would officially release the figures soon.

Coal miners have been hit by declining average selling price of the commodity due to weakening demand over the slowing global economy. The index of hard coking coal is almost half of that in January 2011, when it reached its highest level of $365.83 per metric ton, according to data from Energy Publishing Inc reported by Bloomberg on Monday.

Despite higher revenue, Borneo booked growing costs during the first quarter of the year, including finance costs of $23.01 million during the period, which was a 25 percent jump compared to the same period last year.

The interest burden was due to a loan amounting $1 billion from Standard Chartered Bank obtained in January 2012.

Borneo used the $1 billion loan to finance its acquisition of 23.8 percent stake in London listed Bumi plc from the Bakrie Group.

According to Borneo's financial report, the loan bears interest of 5.65 percent above LIBOR (London Interbank Offered Rate) for offshore lenders and 6.15 percent above LIBOR for onshore lenders. Borneo pledges its stakes in Asmin Koalindo and another 99.99 percent owned subsidiary PT Borneo Mining Services to secure the loan, according to its financial report.

Borneo recently announced that its affiliated entity called Ravenwood Pte. Ltd. had entered an agreement with Bakrie Group about purchasing the latter's stake in Bumi plc.

[hvs] 23/7/2013 15:24

lol !!!!!!

Nat King COAL did very well here.

ARISE DAME FURSE.

[tamboerskloof] 23/7/2013 10:45

Likewise --- just holding on for the special dividend --- assuming that the major shareholders agree in the autumn.

[thehearse] 23/7/2013 10:17

Hope this recent fall is nothing more than a tree shake. Still holding on just.

[strollingmolby] 22/7/2013 09:44

Suspension lifted - and we're off. A volatile return to trading so far... Let's see what the market thiks once the dust settles.

hxxp://www.businessweek.com/news/2013-07-22/bumi-plc-to-resume-trading-in-london-after-three-month-halt