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Mohamad Heykal
Universitas Bina Nusantara
Economics, Econometrics & Finance

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Pengaruh Buy Back Saham PT Telkom terhadap Dividen Periode 2005 - 2008 Natasya Rusbandi; Mohamad Heykal
Binus Business Review Vol. 1 No. 1 (2010): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v1i1.1019

Abstract

Micro and macro economic condition has negative and positive effect for the financial market and also the investment. Based on that condition, many companies had to do some corporate action which mean investors and also shareholders had to adjust their portfolio for getting their objective. Investors and shareholder will see this corporate action. It includes the investor who wants to buy the company’s stock. This attention had always related with the dividend payment which will get by the investor, because for the long term investor, or the shareholders, the information about dividend payment is very important for them. When global financial crises happened in 2008, some of the emiten in Indonesia capital market, had donne their corporate action which is the buy back or repurchase stock of their outstanding shares. Some of them is the state owned enterprise, PT TELKOM. Some important thing which related with the buy back is the stock price and also dividend price. With this buy back strategy, it can be seen that PT TELKOM had tried to eliminate any threat with their stock price at that time, or to prevent their stock price become undervalued. Especially in the third quarter in 2008. This strategy had shown succeed because when the global financial crisis happened, TELKOM performance had indicated succeed based on their financial report and also the EPS and DPS every year did not show significance different result. 
Kinerja Saham PT Aqua Golden Mississippi Tbk. Setelah Pembatalan Go Private dan Estimasi Harga Saham Aqua Tahun 2010 Indah Wandita Putri; Mohamad Heykal
Binus Business Review Vol. 1 No. 2 (2010): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v1i2.1100

Abstract

PT Aqua Golden Mississippi is a company that plans to go private, but until today have not obtained approval from the shareholders. Failure may be caused from several things: the company offer price is too small, no quorum, shares held is still profitable for shareholders, and other factors. The existence of the company's plan to go private would affect the performance of the company stock. Stock performance can be analyzed with - average rate of profit, the level of risk, and sensitivity to the stock exchange. The method used in the calculation of stock performance in this paper is the GMR, STDEV, CAPM, and DDM for the calculation of estimated stock price. Through the conducted analysis, investors / shareholders are encouraged to pay attention to the news and information related to go private to be conducted by the company, stock performance, and perform estimate calculations. This is to find out what the right decision for private investors. 
Co-Authors Indah Wandita Putri Natasya Rusbandi