DISCLAIMER
This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).
Tampilkan postingan dengan label DAVO. Tampilkan semua postingan
Tampilkan postingan dengan label DAVO. Tampilkan semua postingan
Selasa, 24 Juli 2012
BEI Masih Evaluasi Kinerja Katarina & Davomas
INILAH.COM, Jakarta - PT Bursa Efek Indonesia (BEI) masih akan melakukan evaluasi terhadap PT Katarina Utama Tbk (RINA) meskipun manajemen RINA telah memberikan laporan terbaru perusahaan.
"Kami masih melakukan evaluasi terhadap PT Katarina Utama Tbk. Masing-masing perusahaan memiliki kasus berbeda-beda," tutur Direktur Utama BEI, Ito Warsito, Selasa (24/7/2012).
Lebih lanjut ia mengatakan, meskipun manajemen RINA telah memberikan penjelasan, namun BEI masih akan melakukan evaluasi terhadap RINA. Hal itu dilakukan untuk memberi pertimbangan lebih lanjut lagi untuk perseroan. Namun Ito belum dapat menjelaskan batas waktu untuk evaluasi tersebut. "Hingga kami memiliki kesimpulan kuat apakah delisting atau mempertahankan pencatatannya," kata Ito.
Hal sama dilakukan terhadap PT Davomas Tbk (DAVO), Ito menuturkan, pihaknya masih melakukan evaluasi terhadap DAVO. Pihaknya sedang mengevaluasi atas penjelasan manajemen DAVO.
PT Katarina Utama Tbk mempunyai masalah atas dugaan manajemen yang seluruhnya menyelewengkan perolehan dana IPO, penggelembungan aset, serta memanipulasi laporan keuangan audit 2009. Baru-baru ini manajemen RINA melakukan Rapat Umum Pemegang Saham (RUPS) dan akan mengganti nama perseroan. [hid]
http://pasarmodal.inilah.com/read/detail/1886186/bei-masih-evaluasi-kinerja-katarina-davomas
Sabtu, 21 Juli 2012
Bakal Delisting, BEI Perdalam Obligasi Davomas
INILAH.COM, Jakarta - Bursa Efek Indonesia (BEI) tengah memperdalam kondisi perusahaan PT Davomas Abadi Tbk (DAVO), sehubungan akan dihapusnya perseroan dari pasar saham (delisting).
BEI akan memgulik laporan keuangan perseroan serta kondisi gagal bayar obligasi perseroan serta adanya indikasi tunggakan utang kepada pihak lain. "Sepertinya dia punya piutang, itu yang lagi kita lihat. Kalau dari obligasinya sudah jelas (gagal bayar)," ujar Direktur Penilai Perusahaan BEI, Hoesen di Jakarta, akhir pekan ini.
Ia menjelaskan, setiap perseroan yang mengalami gagal bayar (default) obligasi harus mencantumkannya di laporan keuangan. Namun Davomas telat menyampaikan laporan keuangan kepada BEI. BEI juga menelaah berapa banyak investor yang menyerap obligasi perseroan. "Namun dari obligasi itu, sudah jelas jika dominasinya adalah asing," ungkapnya.
Sebelumnya, BEI menyatakan akan melakukan penghapusan saham secara paksa (forced delisting) kepada emiten yang melanggar aturan pasar modal. Selain PT Davomas Abadi Tbk (DAVO), PT Katarina Utama Tbk (RINA) juga terancam dihapuskan pencatatan sahamnya oleh BEI karena dinilai tidak kooperatif dalam menyerahkan laporan keuangan 2011. Saat ini, BEI sudah melakukan penghentian perdagangan saham.
Davomas merupakan emiten yang bergerak di bidang pengolahan cokelat. Perseroan dilanda permasalahan gagal bayar obligasi senilai US$198 juta, yang jatuh tempo pada 2014 dengan kupon sebesar 11%.
http://pasarmodal.inilah.com/read/detail/1885090/bakal-delisting-bei-perdalam-obligasi-davomas
Kamis, 19 Juli 2012
Davomas, Katarina face delisting: IDX
JAKARTA. The Indonesia Stock Exchange (IDX) may delist shares in cocoa producer PT Davomas Abadi (DAVO) and telecommunication equipment service provider PT Katarina Utama (RINA) after both firms failed to demonstrate healthy business operations.
Davomas, which is one of the main cocoa grinders in Indonesia, failed to pay coupons due in March this year on its debt papers amounting to US$135 million, to mature in 2014. The company restructured its debt in 2009 after failing to pay $13 million of interest on bonds leading creditors then to say it was in default, according to the financial statement.
Katarina’s Malaysian board is alleged to have embezzled some of the company’s Rp 33.6 billion (US$3.56 million) IPO proceeds. Katarina is also alleged to have overstated its assets.
“As long as they have revenue, they are still alive. Davomas could not show any earnings. If the situation remains unclear, there’s a possibility of entering the delisting process,” IDX director of corporate listing Hoesen told reporters. As for Katarina, the stock exchange is seeking notice of clear shareholder composition and ownership of the company.
“The bourse is trying to take firm action,” he added.
Listed companies must be going concerns, he said, referring to a company’s ability to make enough money to stay afloat or avoid bankruptcy. Hoesen called for executives of Davomas and Katarina to be cooperative in providing information to the stock exchange on how the companies will generate
revenue.
“There needs to be an internal decision process. We have to talk with the listing committee. If the last-chance offer receives no response, we will settle the matter accordingly,” he explained.
Shares in Davomas, floated on the IDX since 1994, have been suspended since March this year when the company announced its failure to pay its bond coupons. Stocks were trading at Rp 50 each.
No transactions have been seen on Katarina’s stocks since August 2010, one year after its IPO, according to stock exchange trading records.
“The shares could be sold through negotiations in the market. But, if the shares continue to be suspended, it won’t happen. It creates uncertainty for the public,” Hoesen said. The public owns about 20 percent of Davomas and almost 26 percent of Katarina.
In addition to the investing public, Katarina is 66.67 percent owned by PT Silver Mountaine and 7.41 percent by telecommunication infrastructure firm PT Media Intertel Graha.
Cocoa processor PT Uniflora Prima has delayed a plan to buy a 51.9 percent stake in Davomas from five shareholders — Hassocks Enterprises Ltd., Caterpillar Associates Ltd., Krigler Holdings Ltd., Polar Cap Investments Ltd., Templeton Assets Ltd. — due to financing issues.
Both Davomas and Katarina are no longer members of the Indonesian Publicly Listed Companies Association (AEI), because both companies have been inactive for a couple of years and their offices
cannot be contacted.
“The stock exchange is supposed to follow suit,” AEI chairman Airlangga Hartarto said in support of the IDX’s plan to delist Davomas and Katarin. (Esther Samboh/The Jakarta Post)
http://english.kontan.co.id/news/davomas-katarina-face-delisting-idx/2012/07/18
Davomas, which is one of the main cocoa grinders in Indonesia, failed to pay coupons due in March this year on its debt papers amounting to US$135 million, to mature in 2014. The company restructured its debt in 2009 after failing to pay $13 million of interest on bonds leading creditors then to say it was in default, according to the financial statement.
Katarina’s Malaysian board is alleged to have embezzled some of the company’s Rp 33.6 billion (US$3.56 million) IPO proceeds. Katarina is also alleged to have overstated its assets.
“As long as they have revenue, they are still alive. Davomas could not show any earnings. If the situation remains unclear, there’s a possibility of entering the delisting process,” IDX director of corporate listing Hoesen told reporters. As for Katarina, the stock exchange is seeking notice of clear shareholder composition and ownership of the company.
“The bourse is trying to take firm action,” he added.
Listed companies must be going concerns, he said, referring to a company’s ability to make enough money to stay afloat or avoid bankruptcy. Hoesen called for executives of Davomas and Katarina to be cooperative in providing information to the stock exchange on how the companies will generate
revenue.
“There needs to be an internal decision process. We have to talk with the listing committee. If the last-chance offer receives no response, we will settle the matter accordingly,” he explained.
Shares in Davomas, floated on the IDX since 1994, have been suspended since March this year when the company announced its failure to pay its bond coupons. Stocks were trading at Rp 50 each.
No transactions have been seen on Katarina’s stocks since August 2010, one year after its IPO, according to stock exchange trading records.
“The shares could be sold through negotiations in the market. But, if the shares continue to be suspended, it won’t happen. It creates uncertainty for the public,” Hoesen said. The public owns about 20 percent of Davomas and almost 26 percent of Katarina.
In addition to the investing public, Katarina is 66.67 percent owned by PT Silver Mountaine and 7.41 percent by telecommunication infrastructure firm PT Media Intertel Graha.
Cocoa processor PT Uniflora Prima has delayed a plan to buy a 51.9 percent stake in Davomas from five shareholders — Hassocks Enterprises Ltd., Caterpillar Associates Ltd., Krigler Holdings Ltd., Polar Cap Investments Ltd., Templeton Assets Ltd. — due to financing issues.
Both Davomas and Katarina are no longer members of the Indonesian Publicly Listed Companies Association (AEI), because both companies have been inactive for a couple of years and their offices
cannot be contacted.
“The stock exchange is supposed to follow suit,” AEI chairman Airlangga Hartarto said in support of the IDX’s plan to delist Davomas and Katarin. (Esther Samboh/The Jakarta Post)
http://english.kontan.co.id/news/davomas-katarina-face-delisting-idx/2012/07/18
Selasa, 17 Juli 2012
BEI: Dua Emiten Siap-siap Dibersihkan
INILAH.COM, Jakarta - Bursa Efek Indonesia (BEI) akan membersihkan emiten-emiten yang sudah tidak lagi kooperatif terutama dalam memberikan laporan keuangan.
Saat ini dalam catatan BEI ada dua emiten bermasalah yang akan kena tindak BEI, yaitu PT Davomas Abadi Tbk (DAVO) dan PT Katarina Utama Tbk (RINA).
"Yang begitu-begitu harus dibersihkan karena sudah tidak kooperatif, DAVO disuspen karena terlambat memberikan laporan keuangan, terus RINA juga ada masalah," kata Direktur Penilaian Perusahaan BEI, Hoesen di Gedung BEI, Selasa (17/7/2012).
Lebih jelas Hoesen menerangkan ketidakkooperatifan emiten tersebut karena sangat susah dihubungi untuk menyikapi lebih lanjut permasalahannya. "Kita berusaha kontak tapi tidak bisa," tukas Hoesen.
Seperti diketahui DAVO emiten pemroduksi coklat dan olahannya ini terkena suspen karena gagal bayar kupon obligasi yang jatuh tempo pada 7 Maret 2012. Sedangkan Katarina diduga menggelapkan dana investor hasil IPO. "Pokonya ke depan diharapkan tidak ada lagi emiten yang tidak going concern," ujar Hoesen. [ast]
http://pasarmodal.inilah.com/read/detail/1883373/bei-dua-emiten-siap-siap-dibersihkan
Minggu, 01 Juli 2012
Gara-gara laporan keuangan, BULL & TRUB disuspen
JAKARTA. Mulai hari ini (2/7), Bursa Efek Indonesia menghentikan sementara perdagangan (suspensi) efek PT Buana Listya Tama Tbk (BULL) dan PT Truba Alam Manunggal Engineering Tbk (TRUB) di pasar reguler dan pasar tunai.
Pasalnya, kedua perusahaan itu belum menyampaikan laporan keuangan auditan tahun 2011. Selain itu, Perseroan juga belum membayar denda atas keterlambatan penyampaian laporan keuangan tersebut.
Otoritas bursa melalui situs resminya yang dirilis Senin (2/7) menyebut, BEI sudah memberikan peringatan tertulis III dan tambahan denda sebesar Rp 150 juta terkait keterlambatan penyampaian laporan keuangan 2011.
Akhir pekan lalu, saham BULL ditutup di level Rp 53 per saham. Sementara, saham TRUB terakhir diperdagangkan di Rp 50 per saham.
Selain kedua saham tersebut, BEI juga memperpanjang suspensi terhadap tiga efek lainnya karena alasan yang sama. Ketiga sagam tersebut, yaitu PT Davomas Abadi Tbk (DAVO), PT Mitra International Resources Tbk (MIRA), dan PT Panca Wiratama Sakti Tbk (PWSI).
http://investasi.kontan.co.id/news/gara-gara-laporan-keuangan-bull-trub-disuspen/?utm_source=twitterfeed&utm_medium=twitter
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