Conclusion
In the first quarter at 2008, Aqua has gone pretty good in charging the price for their stocks. It was sold for Rp129500 per share at the beginning but soon they decrease the price to Rp104000 per share. With the new price, the volume of transactions is still low. Then they continue to decrease the price to Rp100000 per share. But after that the company tends to increase the price of their stocks into the highest price charger Rp244800 per share today. But then because of the high price, market doesn’t response o buy the stock anymore. This is a result that the company wanted in terms of they try to buyback the stocks from the market.
Given a buyback price Rp450000 per share will give profits pretty much for the shareholders because they will be granted an almost twice price that they bought the stock. This is a very unusual and unpredicted because the price offered is too high for a buyback stock.
Because the business is running well in the 2008 and 2009, PT Aqua Golden Mississippi decided to be a private company since 5th June 2009 which is yet to be decided by BEI. It means that we will not be able to invest our money by buying its stocks in the market. According to the reason, our group suggested to buy the other stocks which have a better or higher prospect in the future. We hope that the Aqua Company can improve the quality of their products in the future.
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