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
Take the Plunge in Bali
Vogue.com Names Bali’s 12 ‘Dreamiest’ Swimming Pools in Bali
(4/30/2017)
Bali to Give Public Busses the Boot?
Government May Ditch Part or All of Sarbagita Bus System
(4/30/2017)
Tragic Last Ditch
Australian Woman on Growing List of Tourism Fatalities on Motorcycles in Bali in Which Alcohol Consumption Suspected
(4/30/2017)
Rear End, Dead End
German Man Dies After Driving a Motorcycle into a Park Vehicle in Seminyak
(4/30/2017)
Drowning off Nua Dua
Tourism Educator Dies While Swimming at Geger Beach at Nusa Dua, Bali
(4/30/2017)
Cambodian Food Comes to Bali
Khmer Cuisine in Bali on May 12 and 17 at Maya Resorts Bali
(4/30/2017)
Accidentally Prepared
First Responder Medical Training Classes Now Available in Bali
(4/30/2017)
Rabies on the Decline in Bali
Bali Starts 2017 Recording Lower Rate of New Rabies Infections
(4/30/2017)
Kings of the Road
400 Vintage Car Convoy in Bali Parades on Behalf of Road Safety
(4/30/2017)
Paradise as a Parking Lot?
Parking Fees to be Introduced in May 2017 at Nusa Dua?
(4/30/2017)
Come Out Swinging in Five Years
American Tourist Facing Maximum Sentence of Five Years in Prison for Hitting Guard at Sky Garden Bar in Kuta
(4/30/2017)
Timetable Set for Election Process
April 17, 2019, Set for Nationwide Election of Lawmakers, Provincial Heads and Indonesia’s Next President.
(4/30/2017)
All [News]!