After Sandiaga sold Saratoga's shares, how was Saratoga's fate?

Era Fakta. Candidate number 02 vice president Sandiaga Uno has sold its share ownership many times this year at PT Saratoga Investasma Sedaya Tbk (SRTG). Sandi calls the sale of shares to finance its activities during the campaign as vice president.

What is the fate of Saratoga after the shares are sold?

Binaartha Sekuritas Analyst Muhammad Nafan Aji Gusta explained that when there is an action of selling shares, sales and purchase transactions are not too crowded.

"Divestment of shares is indeed to carry out political mobilization, Pak Sandi, but yesterday's transaction was not too crowded. Maybe investors still see their potential first," Nafan said when contacted on Saturday (12/15/2018).

He added that Saratoga's performance after the sale of Sandi's shares was predicted to be indeed not too high. Because last year alone, Saratoga still recorded a net loss.

"Technically, the shares are technically less liquid. Like yesterday, the divestment of Pak Sandi's shares, the bid over was not crowded. Because he was also not included in the LQ45," he added.

In addition, Saratoga's shares had moved wildly, but the volume remained small. From the company's financial statements for the 2017 period, the total comprehensive income for the current year was Rp. 3.16 trillion, down around 48% compared to the 2016 period of Rp. 6.08 trillion.

Sandi has indeed sold his shares in Saratoga several times. Last on December 6, 2018 then. He sold 7 million shares, then on December 7, 2018 he sold 5 million shares and December 11 5.05 million shares.

If added up, the transaction value from the sale of the SRTG conducted by Sandi has pocketed IDR 567.76 billion. The number of Sandi's shareholdings in Saratoga is now only 613,765,429 shares or around 24.62%.

Previously, Sandi admitted that after selling SRTG share ownership in early October 2018 he considered returning to sell his shares in the SRTG-coded issuer.

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