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What rout? Two newcomers defy gloomy market opening

first_img“Yesterday [Thursday], I predicted that as we are listed, [trading at the bourse] would be halted,” Adi told reporters during the initial listing ceremony at the IDX in Jakarta. He added that the company decided to go on with its listing as “we are confident about our company’s fundamentals”, though he conceded that market confidence was low right now. During the companies’ IPO, which took place earlier this month, Metro Healthcare and Makmur Berkah raised Rp 1.1 trillion (US$75.38 million) and Rp 64.35 billion, respectively. Read also: Indosat to spend another Rp 9.5 trillion this year to expand 4G networkMetro Healthcare plans to allocate 60 percent of its IPO funds to land acquisitions, 30 percent to building a hospital in Majalaya district in Bandung, West Java, and 10 percent to its subsidiaries for their working capital. “We hope the [Majalaya] hospital can be fully operational in the second half of next year. [We] will need around one year to build the hospital,” Metro Healthcare president director Henry Kembaren said on Friday, adding that the company currently operated seven hospitals.Meanwhile, Makmur Berkah, which mostly works in developing industrial areas and building storage complexes, will allocate 60 percent of its proceeds for land acquisitions, 30 percent for working capital and 10 percent will be channeled through its subsidiary.“We will acquire land in Sidoarjo, East Java. From the point of view of logistics storage, it’s a good location because it’s right in the middle [of the province]. [Goods can be delivered] to Tanjung Perak, Bali and surrounding areas,” Adi said, explaining how the acquisition would help expand the company’s business operations.  Read also: Stock falls capped at 7%, no pre-opening trade as IDX prevents steep drops amid global market routMetro Healthcare and Makmur Berkah became the 17th and 18th companies, respectively, listed on the stock market this year. Last year, the IDX only saw 55 new listings, down from the 57 in the previous year.After trading resumed, the two companies’ stocks remained in the green zone. Metro Healthcare closed Friday’s trade at Rp 139 per share, a nearly 35 percent increase, and Makmur Berkah concluded at Rp 148 per share, also close to a 35 percent rise. (ydp) PT Makmur Berkah’s shares, listed under the code AMAN, rose by 34.55 percent to Rp 148 per share from its IPO price of Rp 110 per share. Read also: Indonesian stocks close higher after dramatic morning plungeDespite the relatively warm welcome from investors — considering that the bourse has entered bear market territory defined as experiencing a 20 percent drop from a recent high — as trading of all shares on the IDX was suspended for 30 minutes following a new trading halt regulation put in place on Wednesday. This came to no surprise for Makmur Berkah president director Adi Saputra Tedja as the global market saw a historic rout on Thursday with circuit breakers triggered in several countries around the world and some markets plunging at levels unseen since the 1980s. Healthcare provider PT Metro Healthcare Indonesia and property developer PT Makmur Berkah Amanda Tbk defied steep losses in the broader market when their shares were listed for the first time on the local stock exchange on Friday.As trading was halted at 9:15 a.m. following a 5 percent plunge in the main index, the Jakarta Composite Index (JCI), the two companies saw their initial shares listing defying the broader market and receiving a warm welcome.Share prices of PT Metro Healthcare, traded on the Indonesia Stock Exchange (IDX) under the code CARE, climbed 6.8 percent to Rp 110 per share, from Rp 103 per share during its initial public offering (IPO) and just a few minutes after trading started. center_img Topics :last_img read more

Sumner County Sheriff weekly bookings: May 19 – May 26, 2014

first_imgThe Sumner County Sheriff weekly bookings into the Sumner County jail for May 19 to May 26, 2014 are as follows:  Rayburn, Bobbie L.61Perth, Ks.2022 E. 16th, Wellington Ks.WPDCity of Derby Warrant (F.T.A.)5/20/14 Baker, Jason W.34Wellington, Ks.274 W. Dexter, Wellington Ks.WPDCriminal Damage to Property5/24/14 Stangl, Christopher38Wellington, Ks.501 N. Washington, Wellington KS.SUSOProbation Violation5/19/14 Hicks, Billy J59Levelland, TX600 S Washington Wellington, KSSUSOCriminal Trespass5/22/14 Banister, Nathan T.52Wellington, Ks.501 N. Washington, Wellington KS.SUSOContempt (Child Support)5/20/14 Lea, Anbthony T.29Wellington, Ks.610 E. Hillside, Wellington Ks.SUSOServe Sentence5/23/14 Swank, Paige19Wichita, Ks.1200 E US166 Gueda Springs KsSUSODriving while suspended and possession of opiate5/24/14 Rice, Shawn David30Adrian, MILenawee County Jail, Adrian, MISUSOProbation Violation; DWS; Fleeing or attempting to elude; Criminal deprivation of property; Stalking; Criminal Threat5/21/14 Brown, Dustin A26Wellington, Ks.1111 E Harvey Wellington, KSWPDDomestic Battery, Disorderly Conduct5/22/14 Wilson, Chelsi L.26Mayfield, Ks610 E. Hillside, Wellington Ks.SUSOServing Sentence 48 Hours5/25/14 Dawson, Derek A.26Wellington, Ks.Lincoln  & WashingtonWPDDriving under the influence.5/25/14 Monday 0600  to  Monday 0600  WEEKLY   BOOKINGS 5/19/2014 thru 5/26/2014 Gile, Brian35Derby, KsSGCO JailSUSOProbation Violation5/22/14 Washington, Michael W. Jr.38Wellington, Ks.1820 E. 16th, Wellington, KS.WPDSedgwick County warrant5/20/14 Hutton, Denise54Wichita, Ks.I-35, mp 33 Mulvane KsSUSODriving While Suspended5/19/14 Hughes, Rayshon T.27Wichita, Ks.610 E. Hillside, Wellington Ks.SUSOServe Sentence 48 Hours5/23/14 Schulz, Charles D56Wellington, Ks.508 E Lincoln Wellington, KSWPDWarrant Arrest- Distribute Herion, Possession of Drug Paraphernalia5/21/14 Rayl, Thornton L47Wellington, Ks.703 E Lincoln, Wellington KSSUSOWarrant- PV5/22/14 Cornejo, Savannah M19Wellington, Ks.Dollar generalWPDTheft5/22/14 NameAgeAddressArrest locationAgencyChargesArrest date Golden, Austin L.18Augusta, Ks.Butler County  Detention FacilitySUSOProbation Violation5/23/14 Araujo, Previn J.42Wichita, Ks.Sedgwick County JailSUSOFailure to Appear5/23/14 Lippincott, Cabriel A.36Wellington, Ks.I-35. mp 21,KHPPedestrian Under the Influence5/24/14 Burnett, Jesse32Wellington, Ks.SGCO JailSUSOArrest and Detain5/22/14 Wood, Christopher, A33Wellington, Ks.B and 15th, Wellington KSWPDDriving While Suspended5/21/14 Pitcher, Robert24Tulsa OkI35 MPKHPDriving under the influence, Driving while suspended, No liability insurance5/23/14 Ledesma, J’Lynn23Wellington, Ks.610 E. Hillside, Wellington Ks.WPDServing Sentence 48 Hours5/24/14 Williams, Denelious27Wichita, Ks.1200 E US166 Gueda Springs KsSUSOPossession of paraphernalia, Distribution of narcotics, No tax stamp5/24/14 Murry, Jonathan M.25Arkansas City, Ks.I-35, mp 16 Wellington, KsKHPDriving while suspended and No proof of Insurance5/25/14 McCulley, Jennine22Wellington, Ks.700 S Drury Road South Haven, KsSUSODomestic Battery.5/25/14last_img read more