HC expects further growth for ELSWEDY CABLES (17 Dec. 2007)
Arab Finance: HC brokerage declared that ELSWEDY CABLES achieved a remarkable growth of 86 %, in the net sales, on an annual basis by the end of the first 9 months of this year, recording LE 7.2 billion, where the Electrical cable sector contributed 51.7% of the total net sales comparable with 54.4% by the end of the first 9 months of last year.
Imports represented 59% of the net sales during the first 9 months of 2007 compared to 15.5% during the first 9 months of 2006.
HC expects that the company has a further great growth potential in the production capacity during 2009.
From another perspective; HC also said that ELSWEDY CABLES share is trading at P/E multiples of 19.69x while the market is trading at P/E multiples of 18.78x
Also in AF:
Tuesday, December 18, 2007
El Shams Housing calls for an EGM
El Shams Housing calls for an EGM (17 Dec. 2007)
Arab Finance: El Shams Housing & Urbanization calls for an EGM on December 30th, 2007 to discuss using the company's retained earnings and general reserves to cover the financial damages resulted from the legal judgments against the company.
Arab Finance: El Shams Housing & Urbanization calls for an EGM on December 30th, 2007 to discuss using the company's retained earnings and general reserves to cover the financial damages resulted from the legal judgments against the company.
MobiNil declares cash dividend
MobiNil declares cash dividend (17 Dec. 2007)
Arab Finance: Egyptian Company for Mobile Services (MobiNil) (EMOB.CA) declares cash dividend of LE 6.23 per share, payable on 03/01/2007, to shareholders owning the shares as of 30/12/2007.
Also in AF:
Arab Finance: Egyptian Company for Mobile Services (MobiNil) (EMOB.CA) declares cash dividend of LE 6.23 per share, payable on 03/01/2007, to shareholders owning the shares as of 30/12/2007.
Also in AF:
Saturday, June 9, 2007
News
Contact- 2nd Issue declares dividends (7 Jun. 2007)
Arab Finance: Contact- 2nd Issue- Dec 2011 (EGCOSC11=CA) declares bond dividends for bond No.(6)
Interest Type : Fixed
Coupon Interest : 10.75 %
Coupon Amount : L.E 0.76845
Monthly Bond Redemption: L.E 3.16667
Coupon Number: 6
Coupon Date: 19/6/2007
Coupon payment date : 20/6/2007
Arab Finance: Contact- 2nd Issue- Dec 2011 (EGCOSC11=CA) declares bond dividends for bond No.(6)
Interest Type : Fixed
Coupon Interest : 10.75 %
Coupon Amount : L.E 0.76845
Monthly Bond Redemption: L.E 3.16667
Coupon Number: 6
Coupon Date: 19/6/2007
Coupon payment date : 20/6/2007
CMA approved Ghabbour Auto offering (7 Jun. 2007)
Arab Finance: According to Al Alam Elyom; CMA approved Ghabbour's request to initiate an IPO and private placement. 7.5 million Shares are offered to the public through the IPO; subscription will start on June 22nd and end on July 2nd, investors can subscribe to a minimum of 150 shares and a maximum of 60,000 at LE 39.0 price per share, while the private placement’s subscription is for a minimum of 23.7 million shares and a maximum of 27.7 million shares.
Also in AF:
Also in AF:
Sunday, May 13, 2007
Egypt market review-Sunday (13 May. 2007)
Egypt market review-Sunday (13 May. 2007)
[Photo]
By Omnia Abdel Razek
Today’s early trading witnessed a strong rebound from Thursday’s sell off; however the market couldn’t hold it long and kept dipping until mid session when it then started moving sideways with a modest upwards bias. CASE 30 Index closed 0.02 % up at 7630.7 points, it touched a high of 7662.58 points by 10:45 and went to its lowest midday point 7629.78 by 12:25.
Local and Arab investors were net sellers and accounted for market shares of 82.4 % and 10 % respectively, while foreign investors remained net buyers and accounted for a 7.6 % market share.
Turnover was rather weak on today’s session; the market traded 136 companies at LE 742,338,268; out of which CASE 30 companies accounted for LE 455,674,624 where 13 issues dropped, one remained flat, and the remaining closed in green.
On the winners’ list; El Ahli Investment and Development came ahead with 3.28 % to LE 16.70, Raya Holding for Technology and Communications advanced 2.92 % to LE 12.00. supported by news of acquisition offers; El Watany Bank of Egypt gained 2.48 % to LE 44.62, Egyptian Financial Group-Hermes Holding Company closed 1.89 5 up at LE 39.85, and Egyptian Media Production City advanced 1.78 % to LE 10.88.
On the other hand; Six of October Development & Investment (SODIC) dipped 6.20 % to LE 153.81, Orascom Hotels And Development declined 1.81 % to LE 55.20, ELSWEDY CABLES shed 1.01 % and closed at LE 56.87, Egyptian Company for Mobile Services (MobiNil) joined the red territory too with 0.96 % dip to LE 163.41, and Commercial International Bank (Egypt) dipped 0.71 % to LE 58.49.
On the turnover list; Six of October Development & Investment (SODIC) came ahead with LE 91,511,980, Egyptian for Tourism Resorts followed with LE 50,112,794 and it closed 1.16 % up at LE 10.43, Telecom Egypt traded LE 48,132,417 and it closed 0.62 % up at LE 17.99, Egyptian Financial Group-Hermes Holding Company ranked fourth with LE 43,467,511, and United Housing & Development ranked fifth with LE 20,992,708 and it gained 0.66 % to LE 22.75.
[Photo]
By Omnia Abdel Razek
Today’s early trading witnessed a strong rebound from Thursday’s sell off; however the market couldn’t hold it long and kept dipping until mid session when it then started moving sideways with a modest upwards bias. CASE 30 Index closed 0.02 % up at 7630.7 points, it touched a high of 7662.58 points by 10:45 and went to its lowest midday point 7629.78 by 12:25.
Local and Arab investors were net sellers and accounted for market shares of 82.4 % and 10 % respectively, while foreign investors remained net buyers and accounted for a 7.6 % market share.
Turnover was rather weak on today’s session; the market traded 136 companies at LE 742,338,268; out of which CASE 30 companies accounted for LE 455,674,624 where 13 issues dropped, one remained flat, and the remaining closed in green.
On the winners’ list; El Ahli Investment and Development came ahead with 3.28 % to LE 16.70, Raya Holding for Technology and Communications advanced 2.92 % to LE 12.00. supported by news of acquisition offers; El Watany Bank of Egypt gained 2.48 % to LE 44.62, Egyptian Financial Group-Hermes Holding Company closed 1.89 5 up at LE 39.85, and Egyptian Media Production City advanced 1.78 % to LE 10.88.
On the other hand; Six of October Development & Investment (SODIC) dipped 6.20 % to LE 153.81, Orascom Hotels And Development declined 1.81 % to LE 55.20, ELSWEDY CABLES shed 1.01 % and closed at LE 56.87, Egyptian Company for Mobile Services (MobiNil) joined the red territory too with 0.96 % dip to LE 163.41, and Commercial International Bank (Egypt) dipped 0.71 % to LE 58.49.
On the turnover list; Six of October Development & Investment (SODIC) came ahead with LE 91,511,980, Egyptian for Tourism Resorts followed with LE 50,112,794 and it closed 1.16 % up at LE 10.43, Telecom Egypt traded LE 48,132,417 and it closed 0.62 % up at LE 17.99, Egyptian Financial Group-Hermes Holding Company ranked fourth with LE 43,467,511, and United Housing & Development ranked fifth with LE 20,992,708 and it gained 0.66 % to LE 22.75.
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