Bisnis.comJAKARTA — A number of conglomerates such as Garibaldi Thohir or Boy Thohir, Edwin Soeryadjayauntil TP Rachmat have the opportunity to earn trillions of rupiah in profit from interim dividend PT Adaro Energy Indonesia Tbk. (ADRO).
Previously, the Extraordinary General Meeting of Shareholders (EGMS) of PT Adaro Energy Indonesia Tbk. (ADRO) today, Monday (18/11/2024) approved the distribution of interim dividends to investors of a maximum of US$ 2.6 billion.
In its statement, ADRO will share dividend with a total of US$2.6 billion. If the dividend amount is converted using the Jisdor exchange rate of IDR 15,888 per US dollar, it is IDR 41.7 trillion.
Meanwhile, look at the numbers saham ADRO 30.75 billion, investors will receive a dividend of US$0.085 per share. The dividend is equivalent to IDR 1,350.48 per share.
Garibaldi Thohir, President Director of ADRO, is the largest individual shareholder of coal issuer ADRO. As of October 2024, Garibaldi or familiarly known as Boy Thohir holds 1,976,646,012 (1.97 billion) or 6.42% so he is estimated to receive ADRO dividends worth IDR 2.66 trillion.
Edwin Soeryadjaya, President Commissioner of ADRO, holds 3.419% or 1,051,738,544 (1.05 billion) of ADRO shares. If ownership is still the same, then Edwin will receive Adaro dividends of IDR 1.42 trillion.
Theodore Permadi Rachmat or TP Rachmat, Vice President Commissioner of ADRO, holds 812,988,601 (812.98 million) or 2.64% of ADRO shares. The Triputra Group boss is expected to receive Adaro dividends of IDR 1.09 trillion.
Meanwhile, apart from distributing dividends, in this EGMS ADRO also scheduled a change of company name, from previously PT Adaro Energy Indonesia Tbk., to PT Alamtri Resources Indonesia Tbk.
Management previously explained that this name change was one of ADRO’s steps to introduce a new identity as a holding entity that would focus more on green business and developing environmentally friendly projects with the Adaro Minerals and Adaro Green business pillars.
ADRO explained that the name “Alam” represents a company that processes Indonesia’s natural wealth from three main elements, namely land, water and air, by prioritizing responsibility and sustainable innovation.
Then “Tri” is a word that comes from Sanskrit which means three, which represents the three elements of Indonesia’s natural wealth, namely land, water and air.
Meanwhile, at the close of trading session I today, ADRO shares fell 3.57% to IDR 3,780 per share after the dividend distribution and name change.
Saham ADRO traded in the range of IDR 3,720-IDR 3,920 per share today. A total of 140.05 million ADRO shares were traded today, with a transaction value of IDR 529.90 billion. ADRO’s current market capitalization is IDR 116.27 trillion.
Trillion-Dollar Dividends and a Name Change: The Whims of ADRO
Well, well, well! It seems Indonesia’s business scene has rolled out the red carpet for a few lucky conglomerates. It’s almost as if they popped open a bottle of champagne, opened their wallets wide, and said, “Trillions for everyone!” Yes, folks, we’re talking about the recently approved interim dividend from PT Adaro Energy Indonesia Tbk. (ADRO). And by “everyone,” I mean a gloriously elite group including the likes of Garibaldi “Boy” Thohir, Edwin Soeryadjaya, and TP Rachmat. Yes, it’s a funky circus of cash, and I for one can’t look away!
Following their Extraordinary General Meeting of Shareholders on November 18, 2024, this powerhouse has decided to distribute a whopping US$2.6 billion, which, when you convert that into rupiah using the impressive Jisdor exchange rate of IDR 15,888 per dollar, amounts to an eye-popping IDR 41.7 trillion. Did someone say ‘pocket change’?
Let’s break this down, shall we? ADRO’s total shares are around 30.75 billion, meaning investors are entitled to a neat dividend of US$0.085 per share, equivalent to about IDR 1,350.48. I can just see the shareholders shaking their piggy banks, contemplating what to do with their newfound riches. Maybe buy a small island? Or, you know, invest back in the company?
Speaking of shaking the piggy banks, let’s take a peek at our main characters:
- Garibaldi Thohir, the charming President Director and largest individual shareholder of ADRO, stands to pocket around IDR 2.66 trillion. Not too shabby for an afternoon’s work!
- Edwin Soeryadjaya, the esteemed President Commissioner, with a delightful 3.419% stake, can expect about IDR 1.42 trillion. That’s right, folks, he’s laughing all the way to the bank!
- And let’s not forget TP Rachmat. Holding 2.64% of shares, he’ll cozy up with around IDR 1.09 trillion in dividends. You’d think he was playing Monopoly with those figures!
Now, if distributing dividends isn’t enough excitement for one day, ADRO decided it was a brilliant moment to change its name from PT Adaro Energy Indonesia Tbk. to PT Alamtri Resources Indonesia Tbk. Sounds fancy, doesn’t it? It’s like they decided they needed a rebrand, and “Alam” signifies their commitment to Indonesia’s natural wealth. Not to mention “Tri” from Sanskrit, which stands for three—so naturally, these clever folks want you thinking about land, water, and air.
Perhaps the boardroom discussion went something like: “Hey, let’s name our company after elements we can’t live without!” And who doesn’t want to sound eco-friendly while making millions? So now, in addition to dividends, they’re riding the green wave to show off their new environmentally friendly agenda!
But here’s the twist: right after announcing this delightful dividend and name swap, ADRO shares fell by 3.57%, closing at IDR 3,780. You’ve got to love the stock market’s sense of humor. It’s like getting a generous birthday cake and then, right after blowing out the candles, realizing you forgot to put on your pants!
To top it all off, ADRO shares traded between IDR 3,720 and 3,920, with a healthy trading volume of IDR 529.90 billion. Yet, despite the market’s sharp breath of cold reality, the company still boasts a market cap of IDR 116.27 trillion. It’s almost as if they bought a mansion with an impressive pool but forgot to fill it up!
So there you have it, ladies and gentlemen! A whirlwind of dividends, name changes, and a stock market that keeps us all guessing. Who knew finance could be so entertaining? As they say in showbiz, “The show must go on”! And for these conglomerates, the show just got a lot richer.
Bisnis.comJAKARTA — Several prominent Indonesian conglomerates, including Garibaldi Thohir, also known as Boy Thohir, Edwin Soeryadjaya, and TP Rachmat, stand to gain tremendously, with potential profits totaling trillions of rupiah, as PT Adaro Energy Indonesia Tbk. (ADRO) prepares for a significant interim dividend distribution.
During the Extraordinary General Meeting of Shareholders (EGMS) held today, Monday (18/11/2024), shareholders of PT Adaro Energy Indonesia Tbk. (ADRO) greenlit a historic decision to distribute interim dividends amounting to a staggering US$ 2.6 billion.
According to ADRO’s statements, the upcoming dividend distribution totals exactly US$2.6 billion, which transforms into an impressive IDR 41.7 trillion when applied to the Jisdor exchange rate of IDR 15,888 per US dollar. This colossal financial maneuver underscores ADRO’s robust financial performance amid fluctuating market conditions.
Investors holding 30.75 billion shares of ADRO will reap a dividend of US$0.085 per share, translating into a substantial IDR 1,350.48 per share payout, an attractive incentive for current shareholders aiming for returns on their investments.
Garibaldi Thohir, who serves as President Director of ADRO and is the largest individual shareholder, possesses 1,976,646,012 shares, equivalent to 6.42% of total shares. This significant stake positions him to receive an estimated IDR 2.66 trillion from the upcoming dividend payout.
Edwin Soeryadjaya, the President Commissioner of ADRO, has a holding of 1,051,738,544 shares, representing 3.419%. If his share ownership remains unchanged, he stands to receive dividends totaling IDR 1.42 trillion, reinforcing his substantial involvement in the company’s financial successes.
Theodore Permadi Rachmat, also known as TP Rachmat, Vice President Commissioner of ADRO, currently holds 812,988,601 shares, constituting 2.64% of the company. The influential leader is anticipated to benefit from dividends worth IDR 1.09 trillion, showcasing his stake in the company’s growth.
In addition to dividend distribution, the EGMS also indicated a pivotal change in company identity, wherein PT Adaro Energy Indonesia Tbk. will transition to PT Alamtri Resources Indonesia Tbk. This strategic rebranding aligns with ADRO’s vision for a sustainable future.
Management articulated that this transformation marks a significant step in ADRO’s strategy to pivot towards green businesses and environmentally responsible projects, encapsulated under their initiatives in Adaro Minerals and Adaro Green sectors.
The new name “Alam” signifies the company’s commitment to harnessing Indonesia’s natural resources responsibly, focusing on sustainability across three vital elements: land, water, and air. Additionally, “Tri,” derived from Sanskrit meaning three, aptly represents these three critical aspects of Indonesia’s natural wealth.
As trading concluded for the day, ADRO shares experienced a decline of 3.57%, settling at IDR 3,780 per share following the announcement of dividend distributions and the name change. Market fluctuations remain a focal point for investors amidst these developments.
Saham ADRO traded within the parameters of IDR 3,720 to IDR 3,920 per share during the session. A total volume of 140.05 million ADRO shares exchanged hands, generating a transaction value reaching IDR 529.90 billion, while ADRO’s market capitalization currently stands at IDR 116.27 trillion.
What is the significance of ADRO’s recent dividend payout for shareholders?
Rrently owns approximately 807,224,000 shares, translating to a 2.64% stake. This gives him a dividend payout expectation of around IDR 1.09 trillion, affirming his significant role in benefiting from ADRO’s lucrative dividend scheme.
Not only does this dividend announcement mark a pivotal financial milestone for ADRO, but the decision to rebrand itself as PT Alamtri Resources Indonesia Tbk. also underscores the company’s desire to align with contemporary sustainability trends and emphasis on natural resources. The rebranding aims to enhance ADRO’s image, presenting a vision that encapsulates land, water, and air—vital elements for both the environment and community, reflecting a shift towards a greener corporate philosophy.
However, despite the rave around the dividend and the strategic name change, market reactions can sometimes lead to ironic situations. Just after the euphoria of the announcement, ADRO shares witnessed a decline of 3.57%, closing at IDR 3,780. This unpredictable movement in stock prices showcases how investor sentiment can flip in an instant, even amidst seemingly positive news.
In terms of trading performance, ADRO’s shares traversed a dynamic range between IDR 3,720 and IDR 3,920 today, with an overall trading value that peaked at IDR 529.90 billion. This indicates a vigorous level of trading activity, despite the fluctuations in share price.
As the company transitions into its new identity while simultaneously rewarding shareholders with record dividends, it stays a focal point in Indonesia’s expanding business landscape. In a world where business moves at lightning speed, one thing is for sure: ADRO’s journey through dividends and name changes is bound to keep investors and market watchers on their toes, eager for the next development in this captivating saga of corporate finance.