JAKARTA (Yosefardi) – Investors focuses buying shares of PT Inovisi Infracom Tbk (INVS) in the morning trade, helped by market sentiment.
The stock soared 21.43% to Rp2,125 in morning trade, but only 1.87 million shares exchanged hands.
During January-May 2013, the stock moved flat at around Rp7,000 per share, with averaged trading volume of 2 million. INVS price started falling last month and dropped drastically in past few days after bonus shares allocation in June 26, 2013.
The bonus shares was made with ratio of 9:26, meant 9 old shares will get 26 bonus shares, or at minimum ratio of 9:22.
After bonus shares distribution, INVS’ paid-up capital jumped to Rp1.01 trillion from previous Rp256.89 billion. Shareholders also approved to boost authorized capital to Rp2 trillion, or 20 billion shares.
As of March 2013, INVS’ assets totaled Rp3.27 trillion while liability amounted Rp725.25 billion. It booked net profit of Rp105.39 billion in first quarter of 2013 on revenue of Rp325.95 billion, of which revenue from massaging and bandwith charges accounted for Rp129 billion.
Inovisi’s biggest customers include PT Indomax Mediacom (20% revenue contribution), PT Media Artha Raya Semesta (11%), and PT Nextnation Prisma (9.2%). Its suppliers are PT Adinda Media Promo (47.24% of total purchase) and PT Funmobi Nusantara (14.1%).
Inovisi listed at stock exchange in June 22, 2009, offered 320 million shares to public at price of Rp125 per share.