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Samudera Indonesia (SMDR) Stocks Are Cheaper, Boss Bani Takes Action

President Director of PT Samudera Indonesia Tbk (SMDR) Bani Maulana Mulia bought up 90,000 company shares.

According to SMDR Compliance Director Farida Helianti Sastrosatomo, the transaction was carried out on January 6, 2023 with a purchase price range of between IDR 1,820-1,935. The transaction value is around IDR 168.37 million.

“The purpose of the transaction is investment,” explained Farida in an information disclosure quoted on Wednesday (11/1/2023).

Prior to the transaction, Bani Maulana owned 6,851,200 SMDR shares or 0.209%. After the transaction, there are 6,941,200 shares or 0.211%.

On January 10 trading, SMDR shares closed down 0.79% to Rp 1,875. A total of 1.33 million shares were traded, the frequency was 910 times, and the transaction value was IDR 2.5 billion. Year to date , SMDR fell 2.34% and in the last 3 months it has fallen by 23.47%.

The company had planned to carry out a stock split but it was temporarily postponed.

“It is hereby notified to the company’s shareholders that the stock split is postponed and will be carried out immediately as confirmed by the competent authority,” explained Samudera Indonesia’s information disclosure December 7, 2022.

Source: Investor