Ada one time charge sebesar Rp917milyar, kalau cuman dari operating profit, paling 2x Q1 07 sekitaran Rp80,- kalau disetahunkan cuman Rp320,- jadi MRQ PER mestinya cuman 6.8x
On Thu, May 15, 2008 at 3:51 PM, antonius martono salim < [EMAIL PROTECTED]> wrote: > hello i'm a young player in stock, has been long as OB member yet not > so active. but really learn a lot from the seniors over here. > > just received from this milist a forward daily from kim eng securities > about BLTA q1 result which is very interesting and today hike +10% is just > the beginning. still very cheap according to me. > > since BLTA reports 515% increase on Net Income. new EPS Q1 = Rp 208,- > which if we annualized = Rp 832,- or PER 2.58x at current price 2150. this > makes BLTA the cheapest shipping company in the world since it peers trade > at 8 -12x, FYI BLTA 2007 trade at 10 - 15x. > > if we take the lowest PE 8x then we will have Rp 6656 as the target > price.since BLTA has high gearing ratio and volatilty to oil price to half > of it ships (since almost 50% operational ship are contract base) we will be > pesimistic and drop the PE to 4 or 5x then we will still have 3328 or 4160 > as the target price. > > > > please comment i'm affraid i'm wrong. thanks > > > > ------------------------------ > Sent from Yahoo! > Mail<http://us.rd.yahoo.com/mailuk/taglines/isp/control/*http://us.rd.yahoo.com/evt=52418/*http://uk.docs.yahoo.com/nowyoucan.html>. > > A Smarter Email. > > >
