DANA - Dana Gas

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Share price 15 Apr 2009 0.94 dhs
Price/earnings (annualised)
Latest report DANA 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 20 Nov 2005 Listing date 20 Nov 2005
Auditor Ernst & Young
Chairman of DANA Mr Hamid Dhiya Jafar
CEO of DANA Rashid Saif Al Jarwan (General Manager)
Foreign ownership limit Maximum 49%
Total shares outstanding 5,910,000,000
Market capitalisation (AED) 5,555,400,000
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DANA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
DANA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DANA 2008 FY 01 Feb 2009 120m 0.02 0.02 0.55 27.1 0.5 1.7% 10.5%
DANA 2008 Q4 01 Feb 2009 35.0m 0.01 0.02 0.55 23.2 0.5 2.0% 14.7%
DANA 2008 Q3 15 Nov 2008 26.0m 0.00 0.02 0.72 40.9 0.6 1.4% 8.1%
DANA 2008 Q2 14 Aug 2008 34.0m 0.01 0.02 1.70 75.0 1.4 1.9% 11.0%
DANA 2008 Q1 15 May 2008 25.0m 0.00 0.02 2.03 121.8 1.7 1.4% 9.2%
DANA 2007 FY 31 Jan 2008 111m 0.02 0.02 2.30 124.3 1.9 1.6% 10.7%
DANA 2007 Q4 31 Jan 2008 39.0m 0.01 0.03 2.30 88.5 1.9 2.2% 12.3%
DANA 2007 Q3 14 Nov 2007 22.0m 0.00 0.01 2.18 148.6 1.9 1.3% 8.0%
DANA 2007 Q2 15 Aug 2007 29.0m 0.00 0.02 1.66 85.9 1.5 1.7% 12.0%
DANA 2007 Q1 15 May 2007 21.0m 0.00 0.01 1.41 100.7 1.2 1.2% 10.4%
DANA 2006 FY 30 Jan 2007 0.81bn 0.14 0.14 1.46 10.6 1.3 11.9%  
DANA 2005 FY 0.65bn              
Share price 15 Apr 2009 0.94 dhs
Price/earnings (annualised)
Latest report DANA 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 20 Nov 2005 Listing date 20 Nov 2005
Auditor Ernst & Young
Chairman of DANA Mr Hamid Dhiya Jafar
CEO of DANA Rashid Saif Al Jarwan (General Manager)
Foreign ownership limit Maximum 49%
Total shares outstanding 5,910,000,000
Market capitalisation (AED) 5,555,400,000
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DANA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
DANA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DANA 2008 FY 01 Feb 2009 120m 0.02 0.02 0.55 27.1 0.5 1.7% 10.5%
DANA 2008 Q4 01 Feb 2009 35.0m 0.01 0.02 0.55 23.2 0.5 2.0% 14.7%
DANA 2008 Q3 15 Nov 2008 26.0m 0.00 0.02 0.72 40.9 0.6 1.4% 8.1%
DANA 2008 Q2 14 Aug 2008 34.0m 0.01 0.02 1.70 75.0 1.4 1.9% 11.0%
DANA 2008 Q1 15 May 2008 25.0m 0.00 0.02 2.03 121.8 1.7 1.4% 9.2%
DANA 2007 FY 31 Jan 2008 111m 0.02 0.02 2.30 124.3 1.9 1.6% 10.7%
DANA 2007 Q4 31 Jan 2008 39.0m 0.01 0.03 2.30 88.5 1.9 2.2% 12.3%
DANA 2007 Q3 14 Nov 2007 22.0m 0.00 0.01 2.18 148.6 1.9 1.3% 8.0%
DANA 2007 Q2 15 Aug 2007 29.0m 0.00 0.02 1.66 85.9 1.5 1.7% 12.0%
DANA 2007 Q1 15 May 2007 21.0m 0.00 0.01 1.41 100.7 1.2 1.2% 10.4%
DANA 2006 FY 30 Jan 2007 0.81bn 0.14 0.14 1.46 10.6 1.3 11.9%  
DANA 2005 FY 0.65bn              

DANA opinion, news, reports, researchTop

DANA latest news (links open in new window)Top

News Item

UAE stock indexes go in opposite directions The National On the ADX, gains by banking stocks offset falls by Aldar Properties, Eshraq Capital and Dana Gas . The index heavyweight FGB rose 3.9 per cent to Dh17.30. NBAD and ADIB rose 2.6 per cent and 1.5 per cent, respectively. Qatar's index rose 1.3 per cent, ... and more » More ...


News Item

Dubai stocks suffer amid choppy trade The National Dubai Islamic Bank, the Sharia-compliant lender, declined 0.7 per cent to Dh6.80 a share. Energy and banking stocks led the declines on the Abu Dhabi Securities Exchange on low volumes. Dana Gas , the explorer and producer, lost 2 per cent to 48 fils on ... More ...


News Item

The National Egypt to stay on track with energy strategy aiming to step up debt settlement The National Sharjah-based Dana Gas is planning a new drilling programme in Egypt to get under way this quarter including 20 new development wells over the next seven years. Dana Gas is owed around $160 million in overdue payments from the Egyptian government ... and more » More ...


News Item

Mubasher expects Gulf stocks to rebound The National Mubasher Financial Services says the recent equity turmoil in Arabian Gulf markets caused by plummeting oil prices has offered attractive valuations. 'The abrupt and severe sell-off in oil markets has added to rising volatility in equity markets in our part of the ... and more » More ...


News Item

The National Thousands of oil workers in the US left jobless as crude price plunges The National The first thing oilfield geophysicist Emmanuel Osakwe noticed when he arrived back at work before 8am. last month after a short vacation was all the darkened offices. By that time of morning, the West Houston building of his oilfield services company was ... and more » More ...


News Item

Emirates 24/7 Low oil price could delay Egypt payments: Dana Gas Emirates 24/7 Low oil price could delay Egypt payments: Dana Gas . Outstanding payments drops to $160m from $280m in September, says CEO. By. Reuters . Published Thursday, January 15, 2015. Analysts think GCC can maintain solid growth through 2016. ( Reuters ). and more » More ...


News Item

MIDEAST STOCKS - Factors to watch - Jan 15 Reuters Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL. * GLOBAL MARKETS-Asia ... Dana Gas CEO says low oil price could delay Egypt payments. * Dubai Islamic Bank launches $1 bln Tier 1 sukuk at ... More ...


News Item

The National Gulf countries urged to allow natural gas prices to rise The National The Middle East and North Africa is growing faster than any other region apart from Asia in terms of natural gas demand, Patrick Allman-Ward, chief executive of Dana Gas , the region's largest independent oil and gas company, based in Sharjah, told the Gas ... and more » More ...


News Item

Slump in oil poses threat to $160m Dana Gas payments from Egypt The National The rout in oil prices may delay Dana Gas 's plan to recoup about US$160 million in overdue payments from Egypt, the Sharjah-based company's chief executive said. The company now expects to recover the dues by 2018. 'The mechanism will go ahead,” ... and more » More ...


News Item

Dana Gas CEO says low oil price could delay Egypt payments Reuters Africa DUBAI Jan 14 ( Reuters ) - The collapse in oil prices could prolong the efforts of United Arab Emirates-based Dana Gas to recover overdue receivables from Egypt, its chief executive said on Wednesday. Egypt, which has fallen behind on oil payments during ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

DANA opinion, news, reports, researchTop

Dana Gas financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
DANA First Quarter     2006Q1 2007Q1 2008Q1
DANA Second Quarter     2006Q2 2007Q2 2008Q2
DANA Third Quarter     2006Q3 2007Q3  2008Q3
DANA Preliminary FY Report   2005PR 2006PR  2007PR  2008PR 
DANA Final Annual Report   2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

DANA latest news (links open in new window)Top

News Item

UAE stock indexes go in opposite directions The National On the ADX, gains by banking stocks offset falls by Aldar Properties, Eshraq Capital and Dana Gas . The index heavyweight FGB rose 3.9 per cent to Dh17.30. NBAD and ADIB rose 2.6 per cent and 1.5 per cent, respectively. Qatar's index rose 1.3 per cent, ... and more » More ...


News Item

Dubai stocks suffer amid choppy trade The National Dubai Islamic Bank, the Sharia-compliant lender, declined 0.7 per cent to Dh6.80 a share. Energy and banking stocks led the declines on the Abu Dhabi Securities Exchange on low volumes. Dana Gas , the explorer and producer, lost 2 per cent to 48 fils on ... More ...


News Item

The National Egypt to stay on track with energy strategy aiming to step up debt settlement The National Sharjah-based Dana Gas is planning a new drilling programme in Egypt to get under way this quarter including 20 new development wells over the next seven years. Dana Gas is owed around $160 million in overdue payments from the Egyptian government ... and more » More ...


News Item

Mubasher expects Gulf stocks to rebound The National Mubasher Financial Services says the recent equity turmoil in Arabian Gulf markets caused by plummeting oil prices has offered attractive valuations. 'The abrupt and severe sell-off in oil markets has added to rising volatility in equity markets in our part of the ... and more » More ...


News Item

The National Thousands of oil workers in the US left jobless as crude price plunges The National The first thing oilfield geophysicist Emmanuel Osakwe noticed when he arrived back at work before 8am. last month after a short vacation was all the darkened offices. By that time of morning, the West Houston building of his oilfield services company was ... and more » More ...


News Item

Emirates 24/7 Low oil price could delay Egypt payments: Dana Gas Emirates 24/7 Low oil price could delay Egypt payments: Dana Gas . Outstanding payments drops to $160m from $280m in September, says CEO. By. Reuters . Published Thursday, January 15, 2015. Analysts think GCC can maintain solid growth through 2016. ( Reuters ). and more » More ...


News Item

MIDEAST STOCKS - Factors to watch - Jan 15 Reuters Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL. * GLOBAL MARKETS-Asia ... Dana Gas CEO says low oil price could delay Egypt payments. * Dubai Islamic Bank launches $1 bln Tier 1 sukuk at ... More ...


News Item

The National Gulf countries urged to allow natural gas prices to rise The National The Middle East and North Africa is growing faster than any other region apart from Asia in terms of natural gas demand, Patrick Allman-Ward, chief executive of Dana Gas , the region's largest independent oil and gas company, based in Sharjah, told the Gas ... and more » More ...


News Item

Slump in oil poses threat to $160m Dana Gas payments from Egypt The National The rout in oil prices may delay Dana Gas 's plan to recoup about US$160 million in overdue payments from Egypt, the Sharjah-based company's chief executive said. The company now expects to recover the dues by 2018. 'The mechanism will go ahead,” ... and more » More ...


News Item

Dana Gas CEO says low oil price could delay Egypt payments Reuters Africa DUBAI Jan 14 ( Reuters ) - The collapse in oil prices could prolong the efforts of United Arab Emirates-based Dana Gas to recover overdue receivables from Egypt, its chief executive said on Wednesday. Egypt, which has fallen behind on oil payments during ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

Dana Gas comments & notesTop

10 December 2006 comments

Dana Gas has or is trying to have a presence in several countries - UAE, Canada, Bahrain, Iran, Saudi Arabia, Pakistan, Egypt, and there is a tenuous connection to Iraq in there somewhere, possibly LNG terminals in Pakistan, Lebanon and Kuwait, and regional offices planned for Qatar, Bahrain, and Egypt. A short summary is here - Dana background.

Dana Gas (sometimes DanaGas but not Danan Gas) was established in 2005 to take advantage of oil and gas exploration and development opportunities in the Gulf, Middle East and MENA regions. Founders hold over 65% of DANA shares. They include a large number of the UAE, Gulf, and international banks, investment companies and individuals. The Government of Sharjah, the Bank of Sharjah, and Crescent Petroleum (not the same as CNGCL) own almost 33% of Dana Gas.

The IPO came at the height of a frenzy of IPOs in the region and the Dana Gas IPO was one of the largest at 140 times oversubscribed with AED 280 billion being raised. At the time of subscription in September 2005, newspapers carried reports of chaos at banks in the UAE when they were swamped by investors, and having to lock them out. Flights from Saudi Arabia were fully booked for a month with investors wanting to subscribe. One of the attractions was the intention of offering a minimum allotment of 5000 shares per person for GCC and UAE nationals. In the end, that had to be reduced to about 1500 shares per investor.

Dana Gas owns two subsidiaries - Sajaa Gas Private Limited Company (SAJGAS) and United Gas Transmissions Company (UGTC) - and a 35% share of Crescent National Gas Corporation Ltd (CNGCL). All three companies are based in Sharjah. The remainder of CNGCL is owned by Crescent Petroleum.

CNGCL has a 25 year agreement with Iran's NIOC (National Iranian Oil Company) to buy natural gas off them and supply it via the Iran-UAE pipeline to the Hamriya Free Zone in Sharjah. The pipeline itself is a $1 billion or AED 3.57 billion project. In March 2006 there was a dispute over pricing - the Iranians claimed that the price originally agreed was too low. By May 2006 there was reportedly an agreement that gas would be flowing by the end of 2006. Well, unless the Iranians renege again...

  • 25 Nov 2006 - Dana Gas opens new office in Al Khobar, Saudi Arabia. No further information on possible projects.
  • 13 Nov 2006 - Dana Gas will buy Centurion Energy in Canada for AED 3.7 bn.
  • 30 Oct 2006 - Dana Gas signs an agreement with Single Buoy Moorings (SBM) from Holland to develop LNG terminals in the region, initially targetting Pakistan, Kuwait, Lebanon.
  • 02 Oct 2006 - Dana Gas forms Danagaz in Bahrain, ownership will be shared - DANA will have 66% and the Bahraini partners will have 34%. Danagaz's first project will be to build, own and operate the Gulf of Suez Gas Liquids Plant in Egypt.
  • 05 Aug 2006 - Emirates Today reports Dana Gas expected profit for 2006 of AED 228 million, and forecast to double by 2010 to AED 490 million. Revenues expected to grow from 57.3 m dhs in 2006 to 960m dhs in 2006 (presumably one of those numbers is a misprint) and 5.3 bn dhs in 2010.
  • 05 Aug 2006 - Emirates Today also reported that Dana Gas is likely to buy 51% of the Pakistani Sui Southern Gas Company in 2007.
  • 03 Jan 2006 - Dana Gas and Emarat sign AED 670 million joint gas project.
Contact details and investor informationTop
  • Dana Gas, PO Box 2011, Sharjah, UAE. Tel +971-6-5569444.
  • www.danagas.ae - DANA website home page.
  • mail@danagas.ae - Dana Gas email.
DANA - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 16 Oct 2008. E & OE.