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Polaris Last:0.001 -

Polaris really going big time!

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.

woodwoodwood ( Date: 20-Oct-2015 18:52) Posted:

So conclusion.....? /:

fish70 ( Date: 20-Oct-2015 18:45) Posted:

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.

Softbank also held 19.9ï¼?,I think Polaris and softbank should to do something.

fish70 ( Date: 20-Oct-2015 18:45) Posted:

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.

fish70 ( Date: 20-Oct-2015 18:33) Posted:

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.

So conclusion.....? /:

fish70 ( Date: 20-Oct-2015 18:45) Posted:

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.

fish70 ( Date: 20-Oct-2015 18:33) Posted:

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.

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.

fish70 ( Date: 20-Oct-2015 18:33) Posted:

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.

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.

woodwoodwood ( Date: 19-Oct-2015 21:32) Posted:

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

hotokee ( Date: 19-Oct-2015 20:25) Posted:

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.

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

hotokee ( Date: 19-Oct-2015 20:25) Posted:

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.

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.

treetops ( Date: 19-Oct-2015 14:48) Posted:

Meaning new buyer to take over.

Is big share holder facing problem, not Polaris facing financial problem...

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.

fish70 ( Date: 19-Oct-2015 15:56) Posted:

By the way, Trikomsel has been profitable at least since 2011 to last reported quarter Jun 2015.

fish70 ( Date: 19-Oct-2015 15:52) Posted:

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.

By the way, Trikomsel has been profitable at least since 2011 to last reported quarter Jun 2015.

fish70 ( Date: 19-Oct-2015 15:52) Posted:

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.

treetops ( Date: 19-Oct-2015 14:48) Posted:

Meaning new buyer to take over.

Is big share holder facing problem, not Polaris facing financial problem...

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.

treetops ( Date: 19-Oct-2015 14:48) Posted:

Meaning new buyer to take over.

Is big share holder facing problem, not Polaris facing financial problem...

should polaris to share 44.9% debt?

treetops ( Date: 19-Oct-2015 14:48) Posted:

Meaning new buyer to take over.

Is big share holder facing problem, not Polaris facing financial problem...

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

wxp8838 ( Date: 19-Oct-2015 13:03) Posted:

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])

Will polaris ,softbank.singpost help it out?polaris got 44.9% softbank got 19.9%

bishalnb ( Date: 19-Oct-2015 11:32) Posted:

old news, waiting for new update...

pericolly ( Date: 19-Oct-2015 11:00) Posted:

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

old news, waiting for new update...

pericolly ( Date: 19-Oct-2015 11:00) Posted:

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.

treetops ( Date: 19-Oct-2015 10:57) Posted:

In SG market, there is no logic at all...

All are speculating for penny shares.

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.

treetops ( Date: 19-Oct-2015 10:57) Posted:

In SG market, there is no logic at all...

All are speculating for penny shares.

pericolly ( Date: 19-Oct-2015 10:40) Posted:

Will shoot up? What kind of logic is this?

In SG market, there is no logic at all...

All are speculating for penny shares.

pericolly ( Date: 19-Oct-2015 10:40) Posted:

Will shoot up? What kind of logic is this?

treetops ( Date: 19-Oct-2015 10:33) Posted:

Will shoot up anytime today! Speculating now.

Play at your own rsik. =P

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Polaris really going big time!