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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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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