1. ACES Buyback Again, Stocks Find
Pillar of Rebound
Elfa Adriana Ginting
Eunike Yuliana
Febriana Dialusi Hasianta
Maria Felicia
Micha Paramitha
Raynova R
Saphira Grace
Syukur Gulo

2. ACES Buyback Again, Stocks Find Pillar
of Rebound
PT Ace Hardware Tbk (ACES) menyatakan
telah melakukan pembelian kembali saham
(buyback) sekitar Rp 2,49 miliar atau sekitar
3,351 juta saham. Menurut perseroan,
transaksi buyback itu dilakukan pada
tanggal 20-24 September 2013.
Previously the company had buyback
approximately 2.29 million shares of with
fund of Rp1.67 billion transaction. The
transaction was conducted on 16-18
September 2013.
The Company plans to re-do the buyback
with plans to spend around Rp34.30 billion
or 20 per cent of the paid-up capital. In
addition, the company also restrict buyback
price at a price under $ 800 per share.

3. ACES Buyback Again, Stocks Find Pillar
of Rebound
The buyback steps are carried out in
accordance with Financial Services
Authority regulations (FSA) No.
2/POJK.04/2013 repurchase shares
issued by publicly listed companies in the
market conditions fluctuate significantly.
For the stock price movements to trading
this morning, ACES has gone up 10 points
from the previous day's close of trading
on Rp.730 position. But on a weekly basis
this stock has dropped Rp10 per share
since the beginning of this week.
http://vibiznews.com/2013/09/27/aces-buyback-3351-juta-saham-senilai-rp-249-miliar/

4. Aces

5. ANALYSIS

6. Background
Global political
tensions linked
to Syria war
Reduction of U.S.
Government Bond
Purchases
Indonesia
Macroeconomic
Conditions
Foreign
investors
withdraw their
funds from
Indonesia

7. Background
Foreign
investors
withdraw their
funds from
Indonesia
Foreign
investors sell
their shares
Stock index
Fall

8. IHSG movement
Sale of shares by foreign investors led to a jointstock index dropped drastically. Psychological
condition causes poor investment and local
investor panic that need systematic and
immediate handling.

9. Solution
Stock index
Fall
Financial Services Authority
Regulation Number
2/POJK.04/2013 YEAR 2013 Date
August 23, 2013 About Buy Back
Shares Issued By Issuers or Public
Companies In The Market
Conditions Fluctuate Significantly

10. Buyback
Definition:
The repurchase of outstanding shares by a company
in order to reduce the number of shares on the
market. (Sumber : www. Investopedia.com)
A corporation's repurchase of stock or bonds it has
issued. (Sumber : http://www.investorwords.com)

11. Purpose of Buyback
1. To reduce the number of shares on the
market
2. To increase the value of shares (reducing
supply)
3. To put unused cash to use;
4. To increase control of the company.

12. Conclusion
1. Global Economy Factor has an strong impact
to investment domestic
2. The fall of IHSG Jakarta also have an impact
with the fall of ACES stock price
3. When ACES do the buyback, it seems there
has been a recovery in stock prices. However,
fluctuations in stock prices ACES also heavily
influenced by the financial company
fundamentals TSB.