IPO PT. Pembangunan Perumahan or Housing Development Public company

This month ( January 2010 ) PT. Pembangunan Perumahan or PT. Housing Development Public Company or PT. PP will launch their IPO ( Initial Public Offering ), start in February 1st until February 3rd, 2010.
It will on the Indonesia Stock Exchange board in February 8th.
The company highlight as follows :

Work field : Construction services ( High rise buildings ), Infrastructure ( Harbor, bridges, toll road, power plant, dam ), and Property ( Business center, Apartments, offices, housing, Hotel ).

Place : East of Jakarta, Indonesia.
Head office : Plaza PP - Wisma Subiyanto building, Jl. Letjend. TB. Simatupang no. 57, Pasar Rebo, Jakarta 13760 - Indonesia.
Telp. no. : 021 840 3883 (hunting); Facsimile : 021 840 3890
Website : www.pt-pp.com

The company have : 3 Operation division office and 8 Branches

Subsidiaries : PT. PP - Taisei Indonesia Construction, PT. Mitracipta Polasarana, PT. Citra Waspphutowa

Underwriter : PT. Mandiri Sekuritas, PT. Danareksa Sekuritas and PT. DBS Vickers Securities Indonesia

Amount of stocks : 1.038.976.784 Regular stock on name B series or 21, 46 % equivalent

It will use for : 59 % for investment and 41 % for working capital

Construction contract for 2010 : Rp. 3,6 Trillion ( on going ) and Rp. 13 Trillion ( new contracts )

Stock holder structure : Indonesia Government = 51 % and Public = 49 % ( included 39 % for PP's employees )

Financial Report ( Audited ) :

Balance sheets :.........................................July 31, 2009....................................31-12-2008
Total current assets...............:.Rp......3.421.083.503.248.................Rp......2.651.547.481.629
Total Non current assets.......:.."............168.710.197.891..................."...........131.583.960.011

Total current liabilities..........:.Rp......2.973.295.993.240..................Rp......2.101.078.103.097
Total Non current liabilities..:.."............210.892.838.831..................."...........257.175.584.713
+/+
Total Equity..........................:.Rp.........405.604.869.068..................Rp........424.877.753.830


Income statement :
Revenue.................................:.Rp.......1.893.079.349.181..................Rp......3.933.668.883.068
Cost of sales...........................:.."........( 1.755.709.671.765 )................".......( 3.648.308.989.237 )
Profit joint operation.............:.."...............33.174.941.294.................."..............66.594.142.641

Operating expenses : Rp.
Employees..............................:.Rp..........( 40.069.371.676 )...............Rp.........( 63.523.463.453 )
General...................................:.."............(..11.921.181.047 )................."...........( 16.951.061.315 )
Depreciation...........................:.."............(......637.544.163 )................."...........(...1.070.622.448 )
Marketing...............................:.."............(....1.975.649.207 )................"...........(...2.547.646.282 )

Other income (expenses)........:.Rp...........( 46.716.803.970 )...............Rp.........( 89.106.785.730 )

Income taxes.........................:.Rp............( 48.365.653.409 )................"...........( 57.145.013.728 )

Net income :..................:.Rp..........20.858.415.238...........Rp.......121.609.443.516

Public Accountant : RWR - Reza, Wahono & Partner - Clarkson Hyde Int'l
Appraisers : PT. Actual Kencana Appraisal
Legal Consultants : Jusuf Indradewa & Partners
Notary : Imas Fatimah SH.
Securities Administration Bureau : PT. BSR Indonesia

Estimate profit in 2010 : 120 % from 2009

Price per share : Rp. 560,- ( tested last week ). Note : US$ 1,- = Rp. 9.300,- (Approx.)

Finished Project samples as below :
































Telp. no. ( from outside Indonesia ) : 62 21 8403883 (hunting)

Our Companies Public expose

Here are our public companies expose that you can learn about :

- No. 1. Bakrie & Brothers group : PT. BUMI ResourceS Tbk., PT. Bakrie Sumatera Plantations Tbk., PT. Energi Mega Persada Tbk., PT. Bakrie Telecom Tbk., PT. Bakrieland Development Tbk., PT. Bakrie Metal Industries and PT. Bakrie Indo Infrastructure.

















- PT. BUMI ResourceS Tbk.

- PT. Bakrie Sumatera Plantations Tbk.

- PT. Energi Mega Persada Tbk.















- PT. Bakrie Telecom Tbk.

Mecca Coup d'etat - This day 30 years ago

This day, thirty years ago ( November 20, 1979 ) a big event happen in the Holy City of Mecca. Some 500 armed men lead by Juhaiman al-Utaibi ( Saudi former national guardsman ), a radical Islam, conquer Masjid al-Haram. They protest many of corruption in Saudi Arabia government. Political flare up then explode. After that American soldiers and Europe unite help the Saudi government to make recover situation in the Holy land.

That event make an essential element for modern history of Mecca. Even though, most people, especially the Muslim, don't know what is happening those days. Political observers and historians believe that event as an incident local solely. And therefore not connected with international event which deeply torn afterwards : Terrorism. But the author, Yaroslav Trofimov had other opinion. He thought that event is the root of global terrorism movement history, especially had been motorized by al-Qaeda.

For open the unrevealed event like that, Trofimov pursue the essential sources and trusted, like : the 1979 movement actor : Paul Barril, French troops mission head that time; Saudi Arabia troops; British library, the only place in Europe which collect all kind of Saudi newspapers in 1979; US & England government archives which contain secret reports from diplomat and spy agent; together with CIA and British Foreign Office.

This battle end in December 4th, more than a thousand people died, their nationality was from around the world.

Triple One

I have information from Transparency International - the global coalition against corruption, that our country had rank number 111 from their 2009 report - Corruption Perceptions Index ( CPI ) 2009, the Confidence Range indicates 90 % true score for the country lies within this range.

















Top 10 rank for year 2009 is : New Zealand ( no. 1 ), Denmark, Singapore, Sweden, Switzerland, Finland, Netherlands, Australia, Canada, and Iceland ( no. 8 ). Whereas United States is no. 18.
The 10 lowest country ( the 10 most corruption countries ) is : Somalia ( no. 180 ), Afghanistan, Myanmar, Sudan, Iraq, Chad, Uzbekistan, Turkmenistan, Iran and Haiti ( no. 168 ).

This day 80 years ago

This day 80 years ago was called " Black Thursday " when stock market in New York - Wall Street crash ( October 24, 1929 ) but the catastrophic downturn is on Monday, October 28 and Tuesday, October 29 unprecedented and long lasting economic depression for the US and the world, stock market fell on that day for a full month.

Some bankers met to find a solution to the panic and chaos on the trading floor with vice president of the Exchange, they purchase a large block of shares in US Steel but over the weekend stock prices crashed even further, the market lost $ 14 billion in value that " Black Tuesday " and make $ 30 billion the loss of the week. They need 25 years ( 1954 ) for return to pre 1929 levels.

Dow Jones Index
Date : ......................... High : .............. Low : .............. Close :
1929 - 10 - 24 ............ 312,76 ............. 272, 32 ............ 299,47 = " Black Thursday "
1929 - 10 - 28 ............ 295,18 ............. 256,75 ............. 260,64
1929 - 10 - 29 ............ 252, 38 ............ 212,33 ............. 230,07 = " Black Tuesday "

1929 - 09 - 03 ............ 386,10 ....................................... 381,17

1954 - 11 - 23 ............ 384,29 ....................................... 382,74 = After 25 years.

They called this era as Great Depression, many of peoples have lost their job where unemployment was high and many company failed.
After we free from great depression we get into World War II, after we free from crocodile mouth we get into lion mouth.

Top 10 000

Yesterday ( October 14th ) DJIA closed 10.016, passing the symbolic 10.000 level, The traders says it's much faster than expected. The Dow rise up to 145 points or 1,5 % a day and The Nasdaq composite rose 1,5 % to 2.172. The first earnings surprise come from Intel and JP Morgan Chase.

Along with the stock market, oil futures in New York settled at a high for the year, $ 75 a barrel and The US dollar was pressured as investors moved into other assets, like gold which have high score and breach $ 1.000 per troy ounce since October 5th.

Other index in Asia rise : Hang Seng 21.999, Strait Times 2.712, Nikkei 225 have 10.239 and Indonesia composite index / Jakarta Stock Exchange ( JSX ) have 2.515.
Some traders hopes that stock's momentum may carry through year end, but others still worry, I'd like to say, Wise man says : Only a good Sailor / Captain can sail his ship through storm raged with safe. Have a good trade !.

Heavy rain ........... Heavy work

This afternoon we got a heavy rain, it comes suddenly at about 7.45 pm and with rather heavy night wind, this rain begin smaller at 8.30 then stop permanently at about 9.35 pm, this rain also make me to have work next week, because we just closer to rainy season we have to do some work like paint the roof /roof gutter and the fence, phew what a heavy rain ............ what a heavy work next.

Tomorrow is Saturday, tomorrow morning I will attend a Finance seminar as usual in a big building at MH. Thamrin avenue near ( in front of ) the Welcome statue, I have to go to sleep right now, the clock indicates at 11.09 pm.