Bumi Share Discussion Threads

[stuart14] 26/11/2012 09:32

I can see that bit!

Wondered what the text says. How can they buy the Bakries out of their business?!

[magpie99] 25/11/2012 21:05

Rothschild ready to split Bumi and dump Bakries

is the heading

[stuart14] 25/11/2012 18:42

Anyone got access to the Times article today? (You need to subscribe and I don't).

Looks interesting from what I can see though

[hightower3] 22/11/2012 19:48

Second Bloomberg item today

[hightower3] 22/11/2012 19:46

Bloomberg today

[hvs] 22/11/2012 18:40

lol !!!!!!

Nat King Coal will be able to do Zilch.

[fidra] 22/11/2012 18:33

Bloomberg carrying a headline that NR has raised $290m to take the company away from Bakries.No detail unfortunately.

[flyfisher] 22/11/2012 17:29

stuart , do you have a link.

[stuart14] 22/11/2012 16:01

Apparently Tan values the proposal at £5-6 per share. Either would do me!

[cl2201] 22/11/2012 11:02

Flyfisher - Thanks for the info.

Interesting paragraph in there about the takeover panel perhaps having to force the Bakries to make an offer for Bumi Plc if they are acting in concert with another investor.

[flyfisher] 22/11/2012 08:53

Todays F.T. has two articles on bumi , the takeover panel are looking into whether an indonesian concert party exists and some detail of the rothschild project.

[flyfisher] 21/11/2012 07:10

One of the bumi problems , it goes some way to explaining the big rise in opex at the subsidiary pt bumi.

[cl2201] 19/11/2012 01:14

Quite a good article on Bumi's current position.



Interesting last paragraph: '"Any other stakeholders who have any better idea or can offer a better solution are by all means welcome to propose and play a role," Mr. Tan said. "Likewise, any party is welcome to send its bid if it wishes to acquire any or both of the assets."'

[naughtynicky72] 17/11/2012 03:03

Bumi down 3.7% whats that all about come on Bumi i wont to see a nice rise this week ! NN

[cl2201] 15/11/2012 01:00

"The valuation [by the Rothschild Group of the Bakries' proposal] is almost done," Amir Sambodo, Bumi Plc.'s independent non-executive director, said.

[naughtynicky72] 13/11/2012 03:34

Lets face it we don't now 100 % what's going to happen hear so like you say sit on your hands and wait or sell up and move on ! Good Luck To All Holders Naughty .

[madengland] 12/11/2012 19:50

Thanks NN, so its sit on the hands and wait a bit....how long is anyones guess but maybe not as long as we think

[naughtynicky72] 12/11/2012 17:36

Rothschild says his Bumi Proposal isn't BID for Company's Assets ?

[cl2201] 12/11/2012 11:32

Liam1om - You could well be right, but on the other hand, it depends how sweaty the Bakries' palms get whilst this investigation is underway. Spreadbet magazine is convinced they might just bid for the remaining 53% of the company (that they don't own) in a straight offer.

As for the 90 day period, this is not the stated time for the investigation as far as how long it will take Bumi Plc to conduct it (it could take 30 days, for example). It refers to the maximum time period allowed, the order for which was handed down by the court.

[liam1om] 12/11/2012 11:09

Not sure you are going to see a rise whilst the investigation is ongoing. They now have 90 days, so I'm not sure we will see any further updates until then.

[naughtynicky72] 12/11/2012 04:44

Come on BUMI I would like too see a nice rise this week many thanks in advance ! Naughty .

[ashthorpedo] 09/11/2012 15:17

Update today on Spreadbet magazine.

UPDATE - 9 NOV 2012 - Todays announcement of continuing fractious relations between PT Bumi (the Indonesian main co) and Bumi Plc leads me to believe ever more that the only way for the Bakries to cleanly break and shed Natty is to offer cash to the remaining shareholders. Nat doesn't hold sufficient to block it and so this is my expectation of the next move on the chess board that is currently Bumi.

[p@] 09/11/2012 13:53

high-Thnx.

Summary on Bumi-