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