Bumi Share Discussion Threads

[flyfisher] 22/3/2013 12:35

TAMB , I would expect nothing.
The indonesians still control this company , they do not have a history of doing well for common shareholders.
The majority of the consideration for pt bumi is a return of the bakrie holding in the plc . I would expect the plc to cancel the returned shares , which will reduce the issued share capital of the plc .

[tamboerskloof] 22/3/2013 11:41

The execution of the separation from the Bakrie Group and PT Bumi Resources Tbk will be put to shareholders for approval as soon as possible, so they say. When and or IF this separation occurs what are Bumi shareholders likely to receive in the form of compensation, additional shares in Bumi or a cash adjustment? because at the moment we are getting very little news as to what we are likely to receive, if anything, and every day the share price is being trashed.
Any comment from the more informed and knowledgeable ones out there?

[sirgainalot] 22/3/2013 10:06

Very negative!

This is a truly terrible company.

Going down to 270p and then I can see resistance faltering and next stop will be 150p.

[p@] 22/3/2013 09:48

Bear this in mind before buying-

[naughtynicky72] 20/3/2013 16:56

We Wait And See , Time Will Tell !

[tamboerskloof] 20/3/2013 08:16

The market has received a Cypriot style haircut, whilst separately Bumi shareholders have received an Indonesian style short back and sides,
trouble is I they haven't left me much on top to play with. Have a good day, it can only grow back over time, Tam.

[tamboerskloof] 20/3/2013 08:03

Bumi plc defers Full Year results announcement to 24 April 2013
The Company has recently announced a number of significant management changes at PT Berau Coal Energy Tbk ("Berau") and Berau Coal, which represent a critical step in the Company's strategy of further strengthening internal financial controls and corporate governance standards throughout the group's Indonesian operations. The new management of Berau is undertaking a thorough review of all balance sheet items. In light of this work by the incoming Berau management, additional time is needed to finalise the year end accounts of Berau and accordingly they intend to defer the publication of their full year results into April. In consequence the Bumi plc full year results announcement will take place on 24th April 2013. Separately the Company announces that it will hold its AGM on the 26th June 2013.

[naughtynicky72] 20/3/2013 00:43

Chart Update Bumi ! ,, 7.62% Down Your having a laugh Mr Market !

[naughtynicky72] 19/3/2013 16:47

So we will have 5 weeks off fun and games being played here ! Bumi you are going the wrong way , over the top with the price drop i think for today but what do i know ? , Holding on and enjoying the ride good luck to all the longs . Naughty ! A very red watch list today ! .

[strollingmolby] 19/3/2013 14:00

Results now deferred a month to 24 April...

[tamboerskloof] 18/3/2013 16:41

Just had another look at the financial calendar and a new date has been listed for the 26 March 2013 for the Full Year Results. Hope the change will be worth it. Tam.

[naughtynicky72] 15/3/2013 13:57

I think it should be a interesting week next week as we have the 2013 Budget on the 20 th march and as you said in a post Tamboerskloof that it should the results for Bumi on the 21 st march so we will see whats been happening at Bumi hopefully things will be clearer ! Dividend payment yes please !. Naughty .

[tamboerskloof] 15/3/2013 10:39

N N - That's an interesting chart and data entry, I feel a recovery is slowly under way, still a long way to go though. Also I think that it's about time they started paying a dividend -- any views on dividend payment?

[naughtynicky72] 14/3/2013 14:36

Charts for BUMI !

[stuart14] 08/3/2013 16:19

This is hilarious, defeat NR and then do what he wanted the whole time!!

[naughtynicky72] 08/3/2013 14:16

Come on Bumi lets keep going north , once this share gets going it moves fast ! Nice .

[tamboerskloof] 08/3/2013 10:39

Board changes at PT Berau Coal Energy Tbk ("BCE"), PT Bumi Resources Tbk ("Bumi Resources") and PT Bumi Resources Minerals Tbk ("BRMS")

Bumi hereby announces that a general meeting of BCE took place yesterday in Indonesia at which a number of changes to its Boards of Commissioners and Directors were made with the full support of Bumi. The following resignations were received by BCE:

1. Resignation of Mr. Rosan Roeslani as President Director;

2. Resignation of Mr. John Ramos as Director;

3. Resignation of Mr. Samin Tan as Commissioner;

4. Resignation of Mr. Alexander Ramlie as Commissioner;

5. Resignation of Mr. Mochamad Djatmiko as Commissioner; and

6. Resignation of Mr. Stefan White as Commissioner.

Additionally, the following appointments were made:

1. Appointment of Mr. Eko Santoso Budianto as President Director;

2. Appointment of Mr. Subagyo Hadi Siswoyo as Commissioner;

3. Appointment of Mr. Kenneth Raymond Allan as Commissioner; and

4. Appointment of Ms. Eva Tarigan as Commissioner.

Mr. Allan and Ms. Tarigan are also currently Directors of Borneo. Mr. Siswoyo is also a Commissioner of PT Berau Coal, BCE's Indonesian operating subsidiary.

As a result of these changes, the Boards of Directors and Commissioners of BCE are constituted as follows:

Board of Directors

Mr. Eko Santoso Budianto President Director
Mr. Arief Wiedhartono Director
Mr. Scott Merrillees Director
Mr. David Tonkin Director
Board of Commissioners

Mr. Sofyan Djalil President Commissioner
Mr. Subagyo Hadi Siswoyo Commissioner
Mr. Sandiaga Uno Commissioner
Mr. Erry Firmansyah Commissioner
Mr. Andi Achmad Dara Commissioner
Mr. Kenneth Raymond Allan Commissioner
Ms. Eva Novita Tarigan Commissioner
Key to these changes is the appointment of Mr Budianto who replaces Mr. Roeslani as President Director of BCE as announced in the Company's circular to shareholders of 28 January 2013. This is an important step in Bumi plc's strategy of further strengthening internal financial controls and corporate governance standards throughout the Group's Indonesian operations.

Separately, Bumi notes the announcement by Bumi Resources of 6 March 2013 regarding the resignation of ten Commissioners and Directors of Bumi Resources. Three of those resigning are Directors of Bumi, namely Mr. Samin Tan, who has resigned as President Commissioner of Bumi Resources, and Mr. Alexander Ramlie and Mr. Scott Merrillees, who have resigned as Commissioners of Bumi Resources. Bumi also notes that Mr. Tan has resigned as President Director of BRMS.

The resignations of Messrs. Tan, Ramlie and Merrillees are in line with the Company's announced aim of separating from the Bakrie Group and Bumi Resources, which transaction the Company intends to put to shareholders for approval as soon as possible. The resignations are also consistent with the accounting reclassification, announced on 5 November 2012, of the Company's shareholding in Bumi Resources to an investment from an associate given the Company's level of influence over Bumi Resources.

[naughtynicky72] 06/3/2013 16:43

Nice too see Bumi up on the day for a change , may the upward trend continue fingers x .

[naughtynicky72] 05/3/2013 22:51

I dont like the look off that chat top right ! Naughty .

[naughtynicky72] 05/3/2013 21:26

It all seems very complicated regarding the board will be interesting too see what there come back with regarding flyfisher,s post ? I will be holding on and see what the full year results are , hope its turns tamboerskloof before the 21 march who no,s what is really going on !

[flyfisher] 04/3/2013 20:49

more bakrie concerns.

[tamboerskloof] 04/3/2013 20:42

The drain on my investment is becoming painful - I'm down £6.5k hopefully, the full year results on the 21 March 2013 may be the turning point.

[stuart14] 04/3/2013 17:04

It makes me laugh that they have a boardroom battle over the board. The Board wins and then half of them resign anyway!

Hopefully the de-merger will push ahead and the share price will start to reflect the value of the simpler entity.

[naughtynicky72] 04/3/2013 16:57

Would be nice too see Bumi turn and go north for a change , has been a bit down hill for my liking lately ! .