By: Ahmad Sadat
Assalamualaikum Warahmatullahi Wabarakatuh
Healthy greetings. Peace be upon you. Tabik Pun!
- Dear Mr. Mayor of Metro
- All Metro City public officials
- The invited guests I can’t call one by one
- And all levels of management and employees of IDeA Indonesia Group
It’s Not a Destination, But a Stepping Stone!. Exactly two years ago, in September 2019, we, the management of IDeA Indonesia, were busy acquiring land access to the Aidia Grande hotel, from the beginning of its access on Jalan Bungur to the main access road, namely Jalan AR. Prawiranegara Kota Metro. Even after freeing up land that cost more than we budgeted, we also took bank credit to complete the construction of hotels and dormitories, to cement our position as the only hospitality training institution that has teaching factory facilities in Indonesia.
We did this because after we, Asiavesta Capital entered the management of IDeA Indonesia and restructured, we became more confident in the potential of IDeA Indonesia.
Then the pandemic and crisis hit the world, February 2021. We are beginning to see that the crisis will last quite a long time, it could take 10 years to return the world economy to its normal position, and will have the logical consequence of uncertainty in trying over the next few years. For this reason, it needs strength, strategy and creativity in dealing with it.
Exactly a year ago, in September 2020, we saw that although IDeA’s business was not significantly disrupted, where in 2020 for the first time in IDeA history, we trained up to 565 students, higher than the previous year’s 478. However, we have to think realistically, one of which is by restructuring capital, so that our capital structure becomes healthier, in order to deal with the crisis that will still last for the next few years.
Finally, after several in-depth studies and simulations, we decided to make a breakthrough by jumping to a plan that we should only do in 2024, which is to go public. A plan that we ourselves were somewhat trembling at the thought. Let alone run it.
How come? Although it is already in our roadmap, but planning to go public when PT. IDeA Indonesia Academy is only 1 year old is something we never imagined at all. But armed with passion and conviction, we continued to process this plan. Because from the beginning of the restructuring we have been preparing this company to go public, once upon a time.
We took this IPO path with various considerations. Apart from the need to add and improve the capital structure, the condition of the stock exchange in Indonesia is also a special consideration.
Since the pandemic, there have been 1.5 million new investors, the most recorded additions since the 44 years of the exchange’s existence.
In addition, the government also encourages many companies to go public with the holding of acceleration boards and development boards, so that companies of all kinds of sizes can enter the stock exchange. This is in accordance with the IDX slogan: Don’t wait for the new big to go public, but be big because it goes public.
And here we are right now, PT. IDeA Indonesia Akademi, Tbk, which has been officially listed on the Indonesia Stock Exchange, one of the largest stock exchanges in the Southeast Asian region, is number 2 after Thailand.
Going public is a recognition of our hard work so far. Because we know a lot of companies out there that want Tbk status as we have. Going public is also one of recognition of the standards and qualities we have. Going public cannot be achieved by just any company, and is one of the most prestigious statuses that a corporation in Indonesia can have.
But we are fully aware, this is not the end of the struggle, even going public this is not the goal either. These are all roads. With this new status, our management will actually work hard, harder than usual. Because for us, this is not just an increase in prestige, or recognition from the authorities and the business world. But this is a mandate from the public shareholders. Trust from authority. And at the same time a test from God.
We thank God for this wonderful gift. We would like to express our deepest gratitude to the public shareholders who have entrusted their investment in IDeA Indonesia shares. We also apologize profusely to all investors who did not manage to get the allotment of purchasing IDeA shares because of the increase in demand to reach 62 times or 6200%.
Thank you to all the supporting professions who have helped us over the past almost a year. And especially to the stock exchange authorities, especially the OJK and IDX who have trusted us to be one of the 750 companies listed on the IDX.
And do not forget infinite thanks to all stakeholders, officials both at the provincial and Metro city levels, all citizens, especially in Metro City, who have supported our steps to become the first Tbk company originally from Metro city and may it always be the pride of Bumi Sai Wawai.
To all the management and employees of IDEA Indonesia Group, I would like to thank you very much. Good job! But remember, again this IPO is not the goal! This is simply a way. A way to continue to provide the best in order to improve the quality of Indonesian human resources, especially in the field of hospitality.
We must remember that these praises and beliefs can turn into insults and blasphemies, one of which is in the form of falling company stock prices, if we cannot show the performance and work results we promised. If it is proven that we are not mandated to run the company, or if we stop working hard because we feel satisfied with our achievements so far.
Friends all. There is still a long way to go. The struggle is not over. And there are still many mandates to be fulfilled. Remember! We must interpret the boom in buyers of IDEA’s initial shares as the magnitude of the investor community’s expectations for the potential and prospects of our company. And that our every step from now on will be of concern to the competent authorities, and especially the investor community, not only in Indonesia, but around the world.
The magnitude of this hope should also be interpreted as a prayer: Hopefully all management and employees of IDeA Indonesia Group can work well and can meet the targets we have. plan, and realize our next dream, which is the theme of today’s morning event: Listing on the stock exchange, IDEA’s move to the world.
May all our good intentions and steps always get ridha and help from Allah Almighty. Amen ya Rabbal alamin.
Wallahul muwaffiq ila aqwamit thariq.
Wassalamu alaikum Warahmatullaahi Wabarakatuh
Note: This is my remarks as president commissioner, at the event of the initial listing of IDEA shares which coincided with the 12th Anniversary of Idea Indonesia. At Aidia Grande Hotel, Metro, Lampung, September 9, 2021.