| Latest Forum Topics / Polaris Last:0.001 -- |
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Rex revival
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fish70
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20-Oct-2015 19:09
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Conclusion is for Polaris/Trikomsel mgt  not to push their luck too far. Seeks Noteholders understanding & help for a mutual win-win situation. If really cannot reach an agreement with noteholders, don' t forced/push it. Proceed it  with a right issue & /or even getting new strategic investors like Singpost/Singtel/ Alibaba  & /or getting Softbank to increase their stake to  25%/30%.  Trikomsel has the cut to be SingPost of Indonesia.
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wxp8838
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20-Oct-2015 18:53
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Softbank also held 19.9ï¼?,I think Polaris and softbank should to do something.
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woodwoodwood
Member |
20-Oct-2015 18:52
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So conclusion.....? /:
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fish70
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20-Oct-2015 18:45
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However if this entire issue is mismanaged, noteholders/creditors could very well start legal proceeding to forced liquidate or forced take over  of the company to maximise their debt recovery. If this happens, all will be losers starting with Polaris with  its' entire stake wiped out.  
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fish70
Member |
20-Oct-2015 18:33
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If correct, this is just a stunt to get " cheap" loans from noteholders. No reason to involve noteholders if a 45% shareholder (biggest)  call for right issue. A right issue size of between SGD50/100 mio should closed the case. If this is indeed a " Debt Restructuring Program" , Trikomsel will need to seek Polaris' s approval. Anyway, Polaris & Trikomsel shared the same Board of Directors.   |
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wxp8838
Veteran |
20-Oct-2015 13:21
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As of 31 Dec ' 14, Polaris recorded a book value of $318.5m for its investment in Trikomsel, which makes up a whopping 94% of the group' s entire equity value of $338.6m. If Trikomsel fails to restructure its debts, Polaris may potentially see a massive wipeout of its book value.  
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woodwoodwood
Member |
19-Oct-2015 21:32
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If Trikomsel invested in Polaris & Trikomsel is in trouble, I don't see why Polaris should be in this shit as well~ just my 5cents
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hotokee
Master |
19-Oct-2015 20:25
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Polaris did not invest in Trikomsel, or did it?   It is Trikomsel that invested in Polaris. So it is pure speculation.   Polaris should not be attacked, I think so.   But I may not be understanding the minds of speculators.   Lol. |
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pericolly
Member |
19-Oct-2015 18:30
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The biggest share holder facing financial prob then Polaris, business wise, I am not sure but in terms of share price, it is only logical for it to plunge. I hope I am wrong but with high volume and the price is slowly going down, this is the worst secenario you can hope for.  
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fish70
Member |
19-Oct-2015 16:10
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No reason for Trikomsel just to limit herself to sell handsets & IT gadgets. With so many outlets all over Indonesia, they could expand their business scope  to remittances, collection centres for anything & everything (like for  HP & IBM service centres, passports), personal loan/insurance products. All the wonderful business possibilities only  limited by imagnation.
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fish70
Member |
19-Oct-2015 15:56
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By the way, Trikomsel has been profitable at least since 2011 to last reported quarter Jun 2015.
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fish70
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19-Oct-2015 15:52
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Any companies going into ecommerce will definitely be interested to take over Trikomsel with 1000 outlets to service Indonesian market. Potential buyers will include entities like  Softbank, Alibaba, Singpost, Singtel or even Temasek. I felt like Trikomsel business model  could be re-invent to be like SingPost/Singtel Hello Shop.
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wxp8838
Veteran |
19-Oct-2015 15:28
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should polaris to share 44.9% debt?
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treetops
Elite |
19-Oct-2015 14:48
Yells: "Moments Today, Memories Tomorrow!" |
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Meaning new buyer to take over. Is big share holder facing problem, not Polaris facing financial problem... |
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pericolly
Member |
19-Oct-2015 13:18
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That means finish already. All these make sense now I realize, the reason the price is never being pushed up is because the major shareholder need money so they are the one dumping to us but not buying from us.
Game over
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wxp8838
Veteran |
19-Oct-2015 13:03
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19-10-2015 12:59:12 BUZZ-Indonesia' s Trikomsel plunges on debt restructuring worries ** Shares of Indonesian mobile phone retailer PT Trikomsel Oke Tbk fall as much as 8.1 pct vs. 0.9 pct gain in broader Jakarta stock index < .JKSE> ** Ratings agency Standard & Poor' s warned on Friday of potential defaults by Indonesian firms after Trikomsel said it was preparing to meet lenders to restructure around $155 mln of debt [nL3N12G2LK] ** Trikomsel said last week it may restructure S$215 mln in outstanding bonds, which S& P said would be the first of its kind in Singapore' s bond market since the global financial crisis ** Trikomsel said on Friday Indonesian ratings agency PT Pemeringkat Efek Indonesia (Pefindo) cut its corporate rating to ' BB+' , indicating ' creditwatch with negative implication' , from ' BBB' indicating a stable outlook [nJ9N10902F] (Reuters Messaging: [email protected]) |
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wxp8838
Veteran |
19-Oct-2015 11:52
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Will polaris ,softbank.singpost help it out?polaris got 44.9% softbank got 19.9%
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bishalnb
Master |
19-Oct-2015 11:32
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old news, waiting for new update... 
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pericolly
Member |
19-Oct-2015 11:00
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Ya but did you read the news? The biggest shareholder got no money to pay debt. No one will touch this in a hurry my friend.
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treetops
Elite |
19-Oct-2015 10:57
Yells: "Moments Today, Memories Tomorrow!" |
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In SG market, there is no logic at all... All are speculating for penny shares.
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