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
Getting Hounded in Bali
Drug Detection Dogs Intercept Smuggled Drugs Mailed from the U.S.A. to Bali
(4/18/2015)
How Much is that in Real Money?
Bank Indonesia Warns Bali Hotels to Denominate Pricing in Rupiahs
(4/18/2015)
Russian Tourist Facing Extended Stay in Bali
Russian Woman Faces 17 Years Prison for Smuggling Drugs into Bali
(4/17/2015)
Objection to the Rules
Tomy Winata Objects to Selective Enforcement of the Law in Benoa Bay Reclamation Project
(4/17/2015)
Sunday Best in Ubud
Cucina Sundays: Weekend Brunch in Style at Uma Cucina
(4/12/2015)
The Beach Belongs to Everyone
Hotel Project in Canggu Accused of Violating Zoning Laws
(4/12/2015)
New Beer Regulations Will Apply in Bali
Trade Minister Says Bali Will Not Be Exempted From Enforcement of the New Rules Limiting Beer Sales
(4/12/2015)
A Now for Something Completely Different
Bene Italian Kitchen at the Sheraton Bali Kuta Resort Proclaims ‘No Phone Fridays’
(4/12/2015)
Hear Ye, Hear Ye
Bali Update Editor to Speak on ‘Enough is Enough’ at Rotary Club Bali Nusa Dua on April 23, 2015
(4/12/2015)
A Place in Bali to Rome
Made Sukadana to Head Jamie Oilver’s Italian Restaurant in Kuta
(4/12/2015)
Lunch Under Sail in Bali
Luncheon Island Discovery Cruise of Nusa Lembongan Launched by Bali Hai Cruises
(4/12/2015)
Miracle Cure by the Bowlful
Asian Comfort Food of Noodles and Congee on Offer 24 Hours a Day at The Trans Resort Bali
(4/12/2015)
All [News]!