DEYAAR 2007 FY profit AED 530m - 23 Jan 2008

[sharewadi]

DEYAAR FY 2007 results

DEYAAR 2007 FY report

Deyaar (DEYAAR) profit figures for financial year 2007 are:

2007 FY profit = AED 535m, EPS = 0.09 dhs
Results for FY 2006 not supplied

EPS figures calculated from Net Profit / 5,778,000,000 shares outstanding.

DEYAAR share price at close on 23 Jan 2008 was 2.73 dhs, so 2007 estimated PE is about 2.73 / 0.09 = 30.3, based on FY earnings, which is about double the average market PE of about 16. And that includes IPO income of AED 107m. If that's excluded then PE rises to about 35.

Other result and related topics

DEYAAR 2007 Q3 net profit 200m dhs 08 Nov 2007
Deyaar 2006 FY profit +192% to AED 412m - PR 05 Feb 07

Deyaar stock in 2008
DEYAAR to borrow AED 1 billion - EB 08 Jan 08
DEYAAR Fairview and Oxford developments sell out at launch 28 Nov 07
Deyaar Saudi
DEYAAR in AED 18 bn deal to build town in India - R 05 Nov 2007
Deyaar joins DFMGI - PR 09 Oct 2007
DEYAAR foreign ownership from 2008?
DEYAAR international & local developments - 05 Sep 2007
Deyaar listing 05 Sep 2007 - opening price estimation
Deyaar IPO AED 3.2 bn 06-16 May 2007
Deyaar IPO report from Shuaa 29 Apr 2007
_________________
UAE IPO list | posting guidelines

[bio4jaa]

Thanks Sharewadi,

If P/E is approximately 30, what would you the say the FV of Deyaar at this point

Cheers
Bio

[sharewadi]