UniFiber System   

Going to be hot soon

Well it not going to hit $0.30 liao, kena too many air pocket. maybe $0.23 liao.

 

Too much red tapes, corruptions, bribery....u name it, they have it...some of you might say China too has these features, but why are they doing so well, as lewsh88 said...its a totally different ball game...moreover any investments in a country with such unstable political background, I have only one piece of advice....stay out...

 

What red1721 said is true. I posted the same warning on this thread on 18July. Scroll down a bit and you can see my warning.

Doing business in Indonesia is very difficult. The red tape is really very red. It takes light years to get government approval. Nothing moves.

The Japs, Koreans, Taiwanese, Malaysians have gone in, got their fingers burnt and got out. What do we know that the above people do not know?

I know the business climate there because I worked there for 26-years till my retirement last December. I have travelled extensively through most towns and jungles in the whole of  Kalimantan and some parts of Sumatra.

Lets see how our government's help will turn out for the SEZ (special economic zones). Our success in China doesn't equal to success in Indonesia. As they say, it is a different ball game.

 

Hi red1721,

why do you say that? care to share your knowledge?

 

my 2 cents worth of contribution...stay away if you're not familiar with indonesian companies, can get burned very easily...

 

Sven Edstrom, the acting CEO and chairman of Unifiber, said the report by Bisnis Indonesia -- which said the firm had dropped a plan to buy PT Kiani Kertas because of its long process -- was "incorrect."



"We remain interested in buying PT Kiani Kertas," Edstrom told Reuters. "We're still in the midst of negotiations."



Unifiber said in January that it had lined up the funding necessary to acquire PT Kiani Kertas and to refinance the outstanding debt owed to its creditors including PT Bank Mandiri, which is Indonesia's biggest lender.

 

It has dropped its plan to acquire 100% of Indonesian pulp mill PT Kiani Kertas because the process was taking too long, Bisnis Indonesia reported, quoting an unidentified source.



However, the newspaper quoted its source as saying that other potential investors were willing to buy Kiani and that one, from Dubai, was now involved in intensive negotiations.



Bisnis quoted Abdul Rahman, a director of PT Bank Mandiri, a major creditor of Kiani, as saying that at least four investors had told the bank about their interest in acquiring the company.



Rahman also said that Bank Mandiri still wants Kiani to settle its debts to the bank by November next year at the latest, the newspaper said.

 

Truth. There is a need to for mgt to be more +ve on it out look, but just look at d big big boys, no action following up leh.. How?? look like their plan & story don sell every well, still wait....$0.30 to arrive.

 

Thk for sharing some info on how thing need to pay back after borrow some $$$$ to generate to roll over their business plan.

 

Yup the weather is getting Hot...... be careful and don't get burnt. Cheers!!!!

 

Sell this counter. it is a falling samurai sword. sure cut ur fingers off if u try to buy.

 

For those who are not familiar with Indonesian companies, better to stay off.

The US$15m mentioned by Nostradamus to a pulp mill is like a drop of water in the ocean. It is not enough to buy spare parts and diesel fuel for generators for a month, even if the 3000 workers are going to work for free. For comparison, a six line Indonesian plywood mill employs 4000 workers and consume 1-million litres of diesel fuel a month to generate 6MW/hr electricity.  

 

broke the channel yest, trade wif care. the small gain today maybe fake. 

 

they hope alot $$$ come(borrow $$$), hope to earn more $$$, so hope to earn more to get more $$$ (borrow $$$ again).more dept !!!,  how to pay back never say leh....

 

So it is good news, hope it cross 30cents soon.

 

Unifiber's price rose on confidence that the Kiani Kertas deal would be wrapped up soon, debunking earlier beliefs that the deal had fallen through; hence the sell-off.


It has secured a US$15 m pre-closing loan facility. The financing will be used for PT Kiani Kertas' working capital and capital expenditure to get the pulp mill into full operational readiness ahead of the acquisition. The financing will enable it to ramp up the pulp mill operation right after the acquisition is completed.

 

Hi teeth53

Apology, I have nothing to share on Unifiber as I know nothing about the company except whats been reported in the press.

Nostradamus would be in a better position to advise as I believe he bought some of their shares.

Rgds

 

How?? this pulp & paper business need $$$ to expand big big, big big player said i think 1st, yesterday closed at .285 cts, today maybe better 0.295 cts???

 

Going 30 cts liao, tomorro ppl take profit not to late, for some it is today, tomorro can be better than today. U see, actually this company oso need $$$ to expand, but wanted to go big, so big ppl oso scare scare. Any pulp or paper news later??. 

 

Hi

Agree with lewsh88's views. Am personally not convinced the company's and stock's fundamentals are there for any positive outlook.

Rgds