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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 
To DU or not to DU ? [page: 1, 2] 28 2049 08 Nov 09 21:25
DU 2009Q3 profit AED157m +398% 4 356 01 Nov 09 16:47
DU Upper limit... 1 711 29 Apr 09 20:31
DU New offer 0 514 08 Apr 09 18:35
DU Share price 4.58% up today, any reasons? 1 584 17 Mar 09 15:57
DU film "Emirates Revealed" 0 343 17 Mar 09 15:51
DU 2008Q4 profit Dh78m +153% 11 1261 17 Mar 09 15:44
Du Telecom report NBK 0 716 18 Dec 08 02:42
DU 08Q3 profit Dh31m +113% 1 548 02 Nov 08 11:14
DU price forecast 2 808 10 Sep 08 10:25

DU latest news (links open in new window)Top

News Item

UAE's Shuaa Capital shares recover, eyes on strategy Reuters India By Nicolas Parasie DU BAI , Feb 8 (Reuters) - Shares in Dubai -based Shuaa Capital SHUA. DU recovered some ground two days after the investment bank posted a ... and more » More ...


News Item

Emirates Business 24/7 Du selected for BlackBerry deal Emirates Business 24/7 Du has been chosen as the exclusive mobile and BlackBerry smart phone provider for Dubai Municipality. Under the deal, du will provide 4000 employees with ... and more » More ...


News Item

UAE's Arabtec says Aabar merger on track Reuters DU BAI (Reuters) - Dubai contractor Arabtec's ARTC. DU proposed merger with Aabar Investments (AABAR.AD) is still on track, with a possible closure in March, ... and more » More ...


News Item

Emirates Business 24/7 Arab states may become solar energy exporters Emirates Business 24/7 Massive renewable energy projects undertaken by the UAE and other Middle Eastern countries could turn them into solar energy exporters along with their ... and more » More ...


News Item

GulfNews Award-winning Hungarian pianist plays for a cause GulfNews This was the reason why the young children at the workshop could follow a foreign musician at once, Dr Joszsef Reiter, a Dubai -based Hungarian musician who ... More ...


News Item

Companies jump to hire qualified Emiratis GulfNews Results of a survey by the emirate's Department of Economic Development (DED) showed less than 10000 of the UAE's 5-million-strong private-sector workforce ... and more » More ...


News Item

Three roads to championship National Viewers will be able to go to ADMC's online sports portal, Super. ae , and pay a fee to watch the games live through online video streaming, similar to the ... and more » More ...


News Item

Emirates Business 24/7 Du's one-fil-a-second global landline rate Emirates Business 24/7 Residents across the UAE will be able to subscribe to a prepaid service on their existing landlines to avail international calling at rates as low as one ... and more » More ...


News Item

GulfNews Call rates plunge GulfNews DU BAI : Telecommunications competition in the UAE has entered a new phase as du announced on Wednesday a prepaid ... and more » More ...


News Item

GulfNews Du launches fixed landline services GulfNews Fareed Faraidooni Chief commercial officer, du Dubai : Telecom operator du has launched both prepaid and postpaid fixed landline telephone services across ... 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 
To DU or not to DU ? [page: 1, 2] 28 2049 08 Nov 09 21:25
DU 2009Q3 profit AED157m +398% 4 356 01 Nov 09 16:47
DU Upper limit... 1 711 29 Apr 09 20:31
DU New offer 0 514 08 Apr 09 18:35
DU Share price 4.58% up today, any reasons? 1 584 17 Mar 09 15:57
DU film "Emirates Revealed" 0 343 17 Mar 09 15:51
DU 2008Q4 profit Dh78m +153% 11 1261 17 Mar 09 15:44
Du Telecom report NBK 0 716 18 Dec 08 02:42
DU 08Q3 profit Dh31m +113% 1 548 02 Nov 08 11:14
DU price forecast 2 808 10 Sep 08 10:25
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

UAE's Shuaa Capital shares recover, eyes on strategy Reuters India By Nicolas Parasie DU BAI , Feb 8 (Reuters) - Shares in Dubai -based Shuaa Capital SHUA. DU recovered some ground two days after the investment bank posted a ... and more » More ...


News Item

Emirates Business 24/7 Du selected for BlackBerry deal Emirates Business 24/7 Du has been chosen as the exclusive mobile and BlackBerry smart phone provider for Dubai Municipality. Under the deal, du will provide 4000 employees with ... and more » More ...


News Item

UAE's Arabtec says Aabar merger on track Reuters DU BAI (Reuters) - Dubai contractor Arabtec's ARTC. DU proposed merger with Aabar Investments (AABAR.AD) is still on track, with a possible closure in March, ... and more » More ...


News Item

Emirates Business 24/7 Arab states may become solar energy exporters Emirates Business 24/7 Massive renewable energy projects undertaken by the UAE and other Middle Eastern countries could turn them into solar energy exporters along with their ... and more » More ...


News Item

GulfNews Award-winning Hungarian pianist plays for a cause GulfNews This was the reason why the young children at the workshop could follow a foreign musician at once, Dr Joszsef Reiter, a Dubai -based Hungarian musician who ... More ...


News Item

Companies jump to hire qualified Emiratis GulfNews Results of a survey by the emirate's Department of Economic Development (DED) showed less than 10000 of the UAE's 5-million-strong private-sector workforce ... and more » More ...


News Item

Three roads to championship National Viewers will be able to go to ADMC's online sports portal, Super. ae , and pay a fee to watch the games live through online video streaming, similar to the ... and more » More ...


News Item

Emirates Business 24/7 Du's one-fil-a-second global landline rate Emirates Business 24/7 Residents across the UAE will be able to subscribe to a prepaid service on their existing landlines to avail international calling at rates as low as one ... and more » More ...


News Item

GulfNews Call rates plunge GulfNews DU BAI : Telecommunications competition in the UAE has entered a new phase as du announced on Wednesday a prepaid ... and more » More ...


News Item

GulfNews Du launches fixed landline services GulfNews Fareed Faraidooni Chief commercial officer, du Dubai : Telecom operator du has launched both prepaid and postpaid fixed landline telephone services across ... 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.