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4/15/12

Accumulation Shares TIRT Eton, Target USD 200?

MAKE MONEY BLOG$ ~ One of the major shareholders of PT Tirta Mahakam Resources Tbk(TIRT), a company engaged in the processing of wood, so-calledmiddle to large-scale buying.

Market participants said a rumor was circulating Asset Management Ltd Eton. are collecting TIRT to increase the portion ofstock holdings by 5% again.

"Eton is take action to buy in the market directly with the target priceat a level of Rp 200 per share," he said yesterday (04/09/2012).

Thus, he said, most likely TIRT price level will approach USD 200 in the near future. The Company recorded increased profits which rose sharply from the prior period losses.

Corporate business profit increased sharply due to rising domestic demand and exports of processed products would TIRT increaseddrastically throughout the last 2011 years.

"It seems that might be the reason for the increase in stock ownership Eton Asset Management. As the future prospect TIRTconsidered beneficial," he said.

In trading Thursday, TIRT closed up to the level of auto reject on theprice of Rp 90 per share, up 23 points (+34.33%) by volume of transactions worth more than Rp 10.25 billion.


Disclaimer: Editors detikFinance not responsible for the content of the rumor of this stock. All investment decisions remain in the handsof investors
source: detik.com
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