• It is reported that Delta Dunia had set a price of Rp1,400 per share for its new
shares issuance through right issue mechanism. The company aims to raise Rp10tn of fresh cash to finance the acquisition over Berau Coal.
• Delta Dunia will use the proceeds to buy an exchangeable bonds issued by Bukit
Mutiara, a shareholders of Berau Coal.
• This news is likely to deliver a positive sentiment on Delta Dunia’s share price as
it was beaten by massive selling activity amid uncertainty over its right issue price.
• DOID is trading at 2010F consensus PER of 6.7x and EV/EBITDA of 2.7x.
Tidak ada komentar:
Posting Komentar