BMTR dividend and buyback

Portion of the public shareholding in PT Global Mediacom Tbk (BMTR) potentially shrinking. Because, BMTR plans to repurchase (buyback) of stock in the market a maximum of 1.01 billion units, or 10% of the total capital paid-in shares of the company. If BMTR buy back up to the maximum, the public shareholding will shrink from 31.92% to 21.92%. Perseroannya spend up to a maximum of Rp 1.7 trillion to complete the buyback. Internal sources of funds are cash. BMTR establish a buyback decisions are based on commercial considerations. Issuer's management is looking BMTR current share price is still below the price should (undervalued). That is, BMTR likely to resell the shares if the buyback price was good. BMTR buyback will be held within 18 months. However, the implementation of the buyback will be carried out by considering the position of the stock price BMTR


PT Global Mediacom Tbk (BMTR) will share a cash dividend of Rp 200 billion or equivalent to Rp 14 per share. Dividend payout ratio of approximately 25% of the net profit of fiscal year 2011, higher than last year that only 24%. The company bagged a net profit in 2011 reached Rp 779 billion. The remainder of net income used to fund any reserve sebsar Rp 1 billion, and the other will be booked as retained earnings to strengthen the company's capital. In addition BMTR shareholders also approved a plan to re-alias to buy shares buyback of 10% or a maximum 1.007 billion shares. The fund company set up a maximum of Rp 1.7 trillion.