Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda’s Share Prices Down 31%
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Garuda’s Share Prices Down 31%

Garuda Management Says Q1 Loss of US$20.7 million Less a Factors in Poor Share Price Performance than the World-wide High Cost of Aviation Fuel.


Bali News: Garuda Indonesia, share price, Mustafa Abubakar, Emirsyah Satar, fuel prices, IPO
Click Image to Enlarge

(7/22/2011)

Rising fuel costs are keeping a lid on the share price of Garuda Indonesia.

The CEO of Garuda Indonesia, Emirsyah Satar, warns that he is unable to predict when the airline’s share price will recover lost ground and achieve the Rp. 750 per share price proposed to investors when the airline first went public.

Quoted by Bisnis Indonesia, Emirsyah said: “At that time, the worldwide aviation industry was under pressure because of world fuel prices. This means, the industry was in poor shape and that had an influence on Garuda’s shares.”

When Garuda shares were first offered to the public on February 12, 2011, the price immediately sank 6% from Rp. 750 a share to Rp. 700, continuing a rapid slide to Rp. 580 before staging a modest recovery to close the day at Rp. 620 per share.

Garuda Indonesia shares  are now trading at Rp. 510.

The current share price is certain to haunt Indonesia’s Minister for State-owned Enterprises, Mustafa Abubakar, who made bold public pronouncements, reported in the press, that Garuda would return to a share price of Rp. 750 per share within 6 months of the initial IPO. Now, with the six-month post-IPO launch date just weeks away, the Minister’s predicitons will apparently  fall short of his prediction by more than 30%.

Garuda Indonesia incurred a loss of Rp. 183.6 billion (US$20.7 million) in Q1 2011. In the same quarter one year before the airline booked a profit of Rp. 18 billion (US$2 million).


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Not Running in Fear
Anindya Bakrie: Herbalife Bali International Triathlon Shows the World that Bali Remains Safe for Holidays
(10/15/2017)
A Triathlon for the Soul
Herbalife Bali International Triathlon Attracts Record Numbers and Record Times
(10/15/2017)
Stay Calm and Look at the Facts
Bali Tourism Board Chairman: Foreign Consuls Asked to Be Moderate and Fair in Assessing and Communicating Safety in Bali.
(10/15/2017)
A Mountain of Debt
Financial Service Authority (OJK) Seeking to Ease Debt Burden of Company’s Affected by Mount Agung Alert Status
(10/15/2017)
Too Many? Too Late?
PHRI Chairman Says Badung Regency Taking Measures to Limit the Building of New Hotel Accommodation
(10/15/2017)
A Bookable Event
Shaping Up to be The Best Ever: 14th Ubud Writers and Readers Festival October 25-29, 2017
(10/15/2017)
Why Bali Remains Safe
98% of Bali Landmass Outside of ‘Danger Zone’ of Any Potential Mount Agung Eruption
(10/15/2017)
Artotel on the March
Artotel Indonesia Group Blossoms and Transforms with Opening of the Artotel Beach Club And Artotel Haniman-Ubud
(10/15/2017)
Fine Mexican Dining on the Peninsula
Banyan Tree Ungasan, Bali Presents a Mexican Wine Dinner with Chef José Manuel Morales October 24-27, 2017
(10/15/2017)
Commemorating Unspeakable Tragedy
Bali Governor Urges Forgiveness on the 15th Anniversary of Bali Bombings
(10/15/2017)
Revealing Victoria’s Secrets
Garuda Indonesia to Fly Eight Times a Week From Bali to Melbourne
(10/15/2017)
A Batu Belig Bái Bái
Chinese Female Tourist Commits Suicide in Kerobokan Road Side Shed
(10/15/2017)
All [News]!