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September 20, 2005

Remaining Gov't Stake in BCA on Sale *Now*


BCA (BBCA.IJ) is suspended pending the government's sale of its final 5.02% stake in the bank, representing 618.24 million shares. The stock closed at IDR3475 today, and will be suspended until the sale takes place. Stock may be gone by Asia mornin open, so get 'em now if you'se wants 'em.

UPDATE: A very handsome man with a large prop book informs us that the deal is spoken for already via pre-arrangement...thanks for playing. Any complaints to J. Ackermann & Co.

UPDATE 2: Sold at 3550 vs. 3475 previous close...nice premium.

Posted by The Banker at September 20, 2005 11:54 PM

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