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Share price 15 Apr 2009 2.78 dhs
Price/earnings (annualised)
Latest report DU 2008 FY report
Stock market Dubai Financial Market
Founding date 28 Dec 2005 Listing date 01 Apr 2006
Auditor KPMG
Chairman of DU Ahmad bin Byat
CEO of DU Osman Sultan
Foreign ownership limit Maximum 22%
Total shares outstanding 4,000,000,000
Market capitalisation (AED) 11,120,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a)
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DU 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.
DU reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DU 2008 FY 09 Feb 2009 4.1m 0.00 0.00 1.84 1,784.7 2.9 0.2% 0.1%
DU 2008 Q4 09 Feb 2009 78.2m 0.02 0.08 1.84 23.5 2.9 12.5% 6.4%
DU 2008 Q3 02 Nov 2008 31.5m 0.01 0.03 4.14 131.6 6.8 5.2% 3.0%
DU 2008 Q2 24 Jul 2008 -43.8m -0.01 -0.04 5.71   9.5 -7.3% -4.8%
DU 2008 Q1 05 May 2008 -61.7m -0.02 -0.06 6.17   10.1 -10.1% -8.2%
DU 2007 FY 14 Feb 2008 -0.89bn -0.22 -0.22 6.50   10.4 -35.3% -57.6%
DU 2007 Q4 14 Feb 2008 -147m -0.04 -0.15 6.50   10.4 -23.4% -22.9%
DU 2007 Q3 31 Oct 2007 -242m -0.06 -0.24 5.07   7.6 -36.5% -58.7%
DU 2007 Q2 31 Jul 2007 -281m -0.07 -0.28 4.99   6.9 -38.8% -92.9%
DU 2007 Q1 01 May 2007 -216m -0.05 -0.22 4.90   6.2 -27.2% -117.8%
DU 2006 FY 31 Jan 2007 -0.61bn -0.15 -0.15 6.16   7.3 -17.9%  
Share price 15 Apr 2009 2.78 dhs
Price/earnings (annualised)
Latest report DU 2008 FY report
Stock market Dubai Financial Market
Founding date 28 Dec 2005 Listing date 01 Apr 2006
Auditor KPMG
Chairman of DU Ahmad bin Byat
CEO of DU Osman Sultan
Foreign ownership limit Maximum 22%
Total shares outstanding 4,000,000,000
Market capitalisation (AED) 11,120,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a)
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DU 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.
DU reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DU 2008 FY 09 Feb 2009 4.1m 0.00 0.00 1.84 1,784.7 2.9 0.2% 0.1%
DU 2008 Q4 09 Feb 2009 78.2m 0.02 0.08 1.84 23.5 2.9 12.5% 6.4%
DU 2008 Q3 02 Nov 2008 31.5m 0.01 0.03 4.14 131.6 6.8 5.2% 3.0%
DU 2008 Q2 24 Jul 2008 -43.8m -0.01 -0.04 5.71   9.5 -7.3% -4.8%
DU 2008 Q1 05 May 2008 -61.7m -0.02 -0.06 6.17   10.1 -10.1% -8.2%
DU 2007 FY 14 Feb 2008 -0.89bn -0.22 -0.22 6.50   10.4 -35.3% -57.6%
DU 2007 Q4 14 Feb 2008 -147m -0.04 -0.15 6.50   10.4 -23.4% -22.9%
DU 2007 Q3 31 Oct 2007 -242m -0.06 -0.24 5.07   7.6 -36.5% -58.7%
DU 2007 Q2 31 Jul 2007 -281m -0.07 -0.28 4.99   6.9 -38.8% -92.9%
DU 2007 Q1 01 May 2007 -216m -0.05 -0.22 4.90   6.2 -27.2% -117.8%
DU 2006 FY 31 Jan 2007 -0.61bn -0.15 -0.15 6.16   7.3 -17.9%  

DU opinion, news, reports, researchTop

DU Telecom forum  Replies   Views   Last Post 
DU Telecom 2010Q1 profit 97m 4 1022 14 May 10 19:36
DU Results Dhs 264m for 2010 2 1454 21 Apr 10 14:51
To DU or not to DU ? [page: 1, 2] 28 2624 08 Nov 09 21:25
DU 2009Q3 profit AED157m +398% 4 533 01 Nov 09 16:47
DU Upper limit... 1 862 29 Apr 09 20:31
DU New offer 0 645 08 Apr 09 18:35
DU Share price 4.58% up today, any reasons? 1 876 17 Mar 09 15:57
DU film "Emirates Revealed" 0 487 17 Mar 09 15:51
DU 2008Q4 profit Dh78m +153% 11 1438 17 Mar 09 15:44
Du Telecom report NBK 0 896 18 Dec 08 02:42

DU latest news (links open in new window)Top

News Item

Reader's issues raised with organisations GulfNews We had travelled with British Airways from Houston, United States, to Dubai via London on May 30. Our baggage was mishandled and never made it to Dubai on ... More ...


News Item

GulfNews Du slashes international off-peak calling charges by more than 50% GulfNews Fareed Faraidooni Chief commercial officer, du Dubai : UAE's second telecom operator, du , yesterday said it has slashed international off-peak calling rates ... and more » More ...


News Item

MIDEAST STOCKS-Aramex lifts Dubai ; most Mideast mkts rise Reuters AD and Dubai Islamic Bank DISB. DU , saying UAE banks are adequately capitalised to generate sufficient operating income to absorb elevated loan losses. ... and more » More ...


News Item

GulfNews Customer Care defend du football crown GulfNews The du team included various members of the company's senior management while the UAE's 1990 squad consisted of players like Adnan Al Talyani, ... More ...


News Item

GulfNews UAE's telecom subscriptions more than double the population GulfNews In Q2-2010, etisalat added 90000 subscribers while du added 182100 subscribers achieving a quarter-on-quarter growth of 1.2 per cent and 4.9 per cent, ... and more » More ...


News Item

Google may just be the Voice of the future GulfNews ... already by-passes etisalat's and du's proxy filter. Despite talks of good progress being made between Research In Motion and the TRA here in the UAE , ... and more » More ...


News Item

UAE stock markets need more liquidity - Daman CEO Reuters UAE markets, which include the two domestic bourses, Dubai Financial Market DFM. DU (DFM) and Abu Dhabi Securities Exchange are the worst-performing among ... and more » More ...


News Item

Investors strike cautious note National The Dubai Financial Market (DFM) General Index also remained unchanged at 1491.67. The country's second telecommunications company, du , was the most active ... More ...


News Item

Parents warned of child phone dangers National 'Kids are under pressure to determine their place on the social ladder [and] even more so here in the UAE , where the majority of children live an affluent ... and more » More ...


News Item

GulfNews Fixed broadband services to generate Dh3.7b by 2015 GulfNews Du , the smaller and newer of the UAE's two operators, initially took the lead with fibre deployment, notes Hussam Barhoush, Senior Analyst at Pyramid ... and more » More ...


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

DU opinion, news, reports, researchTop

DU Telecom forum  Replies   Views   Last Post 
DU Telecom 2010Q1 profit 97m 4 1022 14 May 10 19:36
DU Results Dhs 264m for 2010 2 1454 21 Apr 10 14:51
To DU or not to DU ? [page: 1, 2] 28 2624 08 Nov 09 21:25
DU 2009Q3 profit AED157m +398% 4 533 01 Nov 09 16:47
DU Upper limit... 1 862 29 Apr 09 20:31
DU New offer 0 645 08 Apr 09 18:35
DU Share price 4.58% up today, any reasons? 1 876 17 Mar 09 15:57
DU film "Emirates Revealed" 0 487 17 Mar 09 15:51
DU 2008Q4 profit Dh78m +153% 11 1438 17 Mar 09 15:44
Du Telecom report NBK 0 896 18 Dec 08 02:42
Du Telecom financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
DU First Quarter       2007Q1 2008Q1
DU Second Quarter     2006Q2 2007Q2 2008Q2
DU Third Quarter     2006Q3 2007Q3  2008Q3
DU Preliminary FY Report     2006PR  2007PR  2008PR 
DU Final Annual Report     2006FY 2007FY 2008FY

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.

DU latest news (links open in new window)Top

News Item

Reader's issues raised with organisations GulfNews We had travelled with British Airways from Houston, United States, to Dubai via London on May 30. Our baggage was mishandled and never made it to Dubai on ... More ...


News Item

GulfNews Du slashes international off-peak calling charges by more than 50% GulfNews Fareed Faraidooni Chief commercial officer, du Dubai : UAE's second telecom operator, du , yesterday said it has slashed international off-peak calling rates ... and more » More ...


News Item

MIDEAST STOCKS-Aramex lifts Dubai ; most Mideast mkts rise Reuters AD and Dubai Islamic Bank DISB. DU , saying UAE banks are adequately capitalised to generate sufficient operating income to absorb elevated loan losses. ... and more » More ...


News Item

GulfNews Customer Care defend du football crown GulfNews The du team included various members of the company's senior management while the UAE's 1990 squad consisted of players like Adnan Al Talyani, ... More ...


News Item

GulfNews UAE's telecom subscriptions more than double the population GulfNews In Q2-2010, etisalat added 90000 subscribers while du added 182100 subscribers achieving a quarter-on-quarter growth of 1.2 per cent and 4.9 per cent, ... and more » More ...


News Item

Google may just be the Voice of the future GulfNews ... already by-passes etisalat's and du's proxy filter. Despite talks of good progress being made between Research In Motion and the TRA here in the UAE , ... and more » More ...


News Item

UAE stock markets need more liquidity - Daman CEO Reuters UAE markets, which include the two domestic bourses, Dubai Financial Market DFM. DU (DFM) and Abu Dhabi Securities Exchange are the worst-performing among ... and more » More ...


News Item

Investors strike cautious note National The Dubai Financial Market (DFM) General Index also remained unchanged at 1491.67. The country's second telecommunications company, du , was the most active ... More ...


News Item

Parents warned of child phone dangers National 'Kids are under pressure to determine their place on the social ladder [and] even more so here in the UAE , where the majority of children live an affluent ... and more » More ...


News Item

GulfNews Fixed broadband services to generate Dh3.7b by 2015 GulfNews Du , the smaller and newer of the UAE's two operators, initially took the lead with fibre deployment, notes Hussam Barhoush, Senior Analyst at Pyramid ... and more » More ...


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

Du Telecom comments & notesTop

DU - Emirates Integrated Telecoms - shares outstanding, share capital, rights issues, dividends, AGMs & EGMs
  • 31 March 2008 - AED 4 billion share capital, 4,000,000,000 shares outstanding
  • 31 December 2007 - AED 4 billion share capital
23 February 2007
  • Investor relations section only one page.
  • Share capital given as 4 billion dhs, par value is 1 dh each hence calculations of number of shares as 4,000,000,000.
  • At launch, DU shares were floated at 3+ dhs per share - up until then, all IPOs had floated at par value which was restricted to 1 dh by regulations.
  • DU is 40% owned by the UAE Federal Government, 20% by the Mubadala Development Company (not Mubdala), 20% by TECOM Investment, and the remaining 20% by public shareholders.
09 January 2007 - EFG-Hermes report on DU says NEUTRAL

A comprehensive report published by EFG-Hermes rated DU stock as neutral with LT (Long Term) fair value given as AED 6.06, while DU share price was about 6.34 at the time of the report. They predict earnings of about AED 575m by 2010. With 4 billion shares outstanding that gives EPS of about 0.14 dhs and therefore PE of about 44 in 2010 based on current price. That's assuming DU takes up 33% market share for mobile phones and 15% for landlines by then. Probably a reasonable enough assumption, and if that holds steady while the population of the UAE grows at 10-15%, one could guess at similar numbers for earnings growth in following years.

That doesn't make the shares look particularly cheap right now, and we would hesitate to even say they were fairly priced unless there are some other opportunities for significant earnings growth in the medium term. Etisalat, the other telecommunication provider in the UAE, is currently undergoing regional expansion with purchases of licenses and stakes in other telecom operators. Perhaps Du will be considering the same?

One more question to consider is the start date of Du's telecom services. So far there have been several delays and the latest estimate is by the end of the first quarter 2007. Recent falls in the share price, albeit on lowish volumes, could indicate a degree of pessimism from the market about the launch date.

Contact details and investor informationTop
  • Du Telecom, PO Box 502666, Dubai, UAE. Tel +971-4-3600000.
  • www.du.ae - DU website home page.
  • talk-to-us@du.ae - Du Telecom email.
DU - 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.dfm.ae - DFM information, financial disclosures and news.

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This page last updated 26-Nov-2009. Company information last updated 25 Jul 2008. E & OE.