Fauji Fertilizer Co. Ltd.

, Board Meetings, Dec 24, 2010

12/15/2010

Fauji Fertilizer Co. Ltd., Board Meetings, Dec 24, 2010., at 10:12 Pakistan Standard Time. Agenda: To consider
business plan for the year 2011.

Fauji Fertilizer Co. Ltd. Recommends Third Interim Cash Dividend

10/29/2010

Fauji Fertilizer Co. Ltd. announced that its board of directors has recommended third interim cash dividend for the
quarter ended September 30, 2010 at PKR 2.00 per share that is 20%. This is in addition to first interim and second
interim dividends already paid at PKR 4.00 per share that is 40% and PKR 3.50 per share ie 35% respectively.

Fauji Fertilizer Co. Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter
and Nine Months Ended September 30, 2010
10/29/2010

Fauji Fertilizer Co. Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended
September 30, 2010. For the quarter, the company reported sales of PKR 8,558,848,000 compared to PKR
8,836,790,000 for the same period a year ago. Net profit before taxation was PKR 2,910,624,000 compared to PKR
3,030,811,000 for the same period a year ago. Net profit after taxation was PKR 1,919,624,000 or PKR 2.83 per
basic and diluted share compared to net profit after taxation was PKR 2,090,811,000 or PKR 3.08 per basic and
diluted share a year ago. For the nine months, the company reported sales of PKR 28,505,471,000 compared to PKR
25,733,642,000 for the same period a year ago. Net profit before taxation was PKR 10,275,975,000 compared to
PKR 9,562,800,000 for the same period a year ago. Net profit after taxation was PKR 7,020,975,000 or PKR 10.35
per basic and diluted share compared to net profit after taxation was PKR 6,638,800,000 or PKR 9.78 per basic and
diluted share a year ago. Net cash generated from operating activities was PKR 4,540,885,000 compared to PKR
6,384,647,000 for the same period a year ago. Fixed capital expenditure was PKR 1,351,697,000 compared to PKR
1,594,636,000 for the same period a year ago.

Stock Data: Recent Stock Performance:

Current Price (12/24/2010): 121.50 1 Week 2.9% 13 Weeks 9.5%
 (Figures in Pakistan Rupees) 4 Weeks 15.7% 52 Weeks 15.2%

Fauji Fertilizer Company Limited Key Data:

Ticker: FFC Country: PAKISTAN

Exchanges: KAR Major Industry: Chemicals

Sub Industry: Miscellaneous Chemicals

72,914,811,000
2009 Sales Employees: 3,162
(Year Ending Jan 2010).

Currency: Pakistan Rupees Market Cap: 82,441,038,398

Fiscal Yr Ends: December Shares Outstanding: 678,527,065

Share Type: Ordinary Closely Held Shares: 301,318,097

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C586AD880

Stock Data:
Recent Stock Performance:

Current Price (12/24/2010): 36.58 1 Week 4.5% 13 Weeks 7.6%

4 Weeks 36.2% 52 Weeks 40.0%
 (Figures in Pakistan Rupees)

Fauji Fertilizer Bin Qasim Limited Key Data:

Ticker: FFBL Country: PAKISTAN

Exchanges: KAR Major Industry: Chemicals

Sub Industry: Miscellaneous Chemicals

36,724,920,000
2009 Sales Employees: 759
(Year Ending Jan 2010).

Currency: Pakistan Rupees Market Cap: 34,169,743,910

Fiscal Yr Ends: December Shares Outstanding: 934,110,003

Share Type: Ordinary Closely Held Shares: 667,036,990

Company FFBL

Company Name Fauji Fertilizer Bin Qasim

EPS 5.26

Fair Price 37.57

Current Price 35.71

Upside Potential 5.21

P/E 6.79

Quarter 21-Oct-2010

Book Value 10.31

P/BV 3.46
Div 5.3

Fair Value 37.86

Upside Pot 6.01

Avg 28.58

Upside -19.97

Div Yield 14.84%

Sector Chemicals

SELL / not recommended for buying at current price level.

http://pakistan-stocks.blogspot.com/2010/12/ffbl-fauji-fertilizer-bin-qasim.html

National Bank of Pakistan Announces Financial Results for the Nine-Month Period Ended
September 30, 2010; Declares Not to Pay Dividend
10/30/2010

National Bank of Pakistan announced financial results for the nine-month period ended September 30, 2010. For the
period, the company said that its profit after tax increased by 21% to PKR 11.363 billion as compared to PKR 9.400
billion earned in the corresponding period in 2009. The board of directors of the bank in its meeting declared that the
bank's earning per share increased to PKR 8.45 in the period under review against PKR 6.99 in the same period a
year ago. The company's profit before taxation increased to PKR 16.630 billion in this period against PKR 14.0 billion
in the same period last year. The bank recorded impressive growth in terms of profit and balance sheet despite
challenging external environment. After tax profit of the bank stands at PKR 11.4 billion showing an increase of PKR
2.0 billion or 21% compared to corresponding period. Net interest income of the bank registered an increase of
around PKR 4.0 billion or 14%. The increase is attributed to both volume and rate increase. This growth was made
possible by across the board increase in all areas. The company announced not to pay dividend for the period. The
company said this reduction in dividend income was compensated by an impressive increase in capital gains as the
bank capitalized on good opportunities for sale of its shares portfolio.

National Bank of Pakistan, Board Meetings, Oct 29, 2010

10/30/2010

National Bank of Pakistan, Board Meetings, Oct 29, 2010. Agenda: To consider the financial results for nine-month
period ended September 30, 2010.

Pakistan To Continue Privatization Via Employee Stock Options

10/19/2010

The government has directed the Privatization Commission (PC) to speed up the establishment of Benazir
Employees Stock Option Scheme (BESOS) trusts in order to empower the employees of state-owned enterprises
(SOEs). The workers of Pakistan Telecommunication Company Limited (PTCL), National Bank of Pakistan (NBP),
Habib Bank Limited (HBL) and Industrial Development Bank of Pakistan (IDBP) are due to receive 12% of
government shares in these enterprises for free under BESOS soon.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=NBP:PA
 Stock Data: Recent Stock Performance:
Current Price (12/24/2010): 72.10 1 Week 1.6% 13 Weeks 9.9%
(Figures in Pakistan Rupees) 4 Weeks 14.3% 52 Weeks 19.4%

National Bank of Pakistan Key Data:

Ticker: NBPL Country: PAKISTAN

Exchanges: KAR Major Industry: Financial

Sub Industry: Commercial Banks

97,260,325,000
2009 Sales Employees: 16,248
(Year Ending Jan 2010).

Currency: Pakistan Rupees Market Cap: 97,007,860,670

Fiscal Yr Ends: December Shares Outstanding: 1,345,462,700

Share Type: Ordinary Closely Held Shares: 1,011,788,080

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C586PR100
D.G. Khan Cement Company Limited Company Snapshot Purchase a Full
Report on this Company
Business Description:

D. G. Khan Cement Company Limited is a Pakistan-based company principally engaged in

production and sale of clinker, ordinary Portland and sulphate-resistant cement. During the fiscal
year ended June 30, 2010 (fiscal 2010), the Company produced 3,946,101metric tons of clinker
and 3,877,296 metric tons of cement. The Company's subsidiary, Nishat Paper Products
Company Limited is principally engaged in the manufacture and sale of paper products and
packaging material.

Stock Data: Recent Stock Performance:

 Current Price (12/24/2010): 29.90 1 Week -3.5% 13 Weeks 6.7%
(Figures in Pakistan Rupees) 4 Weeks 23.6% 52 Weeks 3.7%

D.G. Khan Cement Company Limited Key Data:

Ticker: DGKC Country: PAKISTAN

Exchanges: KAR Major Industry: Construction

Sub Industry: Cement Producers

16,973,236,000
2010 Sales Employees: 665
(Year Ending Jan 2011).

Currency: Pakistan Rupees Market Cap: 10,916,468,053

Fiscal Yr Ends: June Shares Outstanding: 365,099,266

Share Type: Ordinary Closely Held Shares: 127,716,685

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C586AC880s
Nishat Mills Limited Company Snapshot Purchase a Full Report on this Company
Business Description:

Nishat Mills Limited is a Pakistan-based company engaged in the business of textile

manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching/apparel,
buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from
raw cotton, synthetic fiber and cloth. It is also engaged in generating, accumulating, distributing
and supplying electricity. Effective July 1, 2008, Nishat Apparel Limited (formerly Gulf Nishat
Apparel Limited), in which the Company held a 25.72% interest, was amalgamated into the
Company.

Stock Data: Recent Stock Performance:

 Current Price (12/24/2010): 61.71 1 Week 3.3% 13 Weeks 7.5%
(Figures in Pakistan Rupees) 4 Weeks 32.1% 52 Weeks -4.3%

Nishat Mills Limited Key Data:

Ticker: NML Country: PAKISTAN

Exchanges: KAR Major Industry: Apparel & Textiles

Sub Industry: Miscellaneous Textiles

32,259,032,000
2010 Sales Employees: 13,636
(Year Ending Jan 2011).

Currency: Pakistan Rupees Market Cap: 21,697,226,620

Fiscal Yr Ends: June Shares Outstanding: 351,599,848

Share Type: Ordinary Closely Held Shares: 88,672,563

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C586D4050

KEY DEVELOPMENTS FOR NISHAT MILLS LTD (NML)

NML Planning To Sell Pak Gen
12/15/2010

Nishat Mills Ltd. (NML) is planning to divest 10% stake in AES Pak Gen (Private) Company. According to a notice
issued to the Karachi Stock Exchange, NML will hold a Board of Directors meeting on December 20, 2010 in order to
consider divestment of 10% of its shareholding in Pak Gen through an Offer for Sale and Listing of Pak Gen. If
approved, the divestment is likely to take place in early 2011. As of June 30, 2010, NML holds 32% stake in Pak Gen.

Nishat Mills Ltd., Board Meetings, Dec 20, 2010

12/13/2010

Nishat Mills Ltd., Board Meetings, Dec 20, 2010., at 11:12 Pakistan Standard Time. Agenda: To consider divestment
of 10% shareholding of the company in Pakgen power Limited, formerly AES Pak Gen (Private) Company, through
Offer for sale and listing of the Pakegen.

Nishat Mills Ltd. expected to report Fiscal Year 2011 results on September 9, 2011. This event was
calculated by Capital IQ (Created on November 1, 2010).
11/1/2010

Nishat Mills Ltd. expected to report Fiscal Year 2011 results on September 9, 2011. This event was calculated by
Capital IQ (Created on November 1, 2010).

NML expects to earn PKR 8.93/share

Nishat Mills Limited (NML) is scheduled to announce its result for the year ended
June 30, 2010 today. The company is likely to post net earnings of PKR 2,323
million (EPS: PKR 8.93), an 89% YOY increase. This is mainly on account of low
cost inventory due to timely procurement of cotton in the first quarter of FY10. In
4QFY10, the company is likely to earn PKR 514 million (EPS: PKR 1.46), a three
fold YOY increase. We expect the company to declare cash dividend of PKR 1.50
per share.

Bliss all around

Net sales are expected to surge by 26% YOY to PKR 30,024 million. This is
mainly due to healthy performance of spinning, processing and garment divisions.
During 9MFY10 net sales of these divisions augmented by 45%, 20% and 128%,
respectively. We expect the same trend to continue in 4QFY10 on account of
substantial inventory and large order book. Weaving division on the other hand is
likely to record a flattish growth in volumetric sales due to company’s focus on
high margin products.

Low cost of cotton may result in higher gross profit

Gross profit is expected to increase by 25% due to low cost cotton inventory. Due
to strong financial position, the company procures required cotton for the year at
the start of the season. This has resulted in average cotton price of around PKR
4,000 per maund compared to average of PKR 6,500 per maund in 2H-FY10. On
the other hand prices of its finished products like yarn, grey cloth, house holds
and garments went up by an average of 15 – 20% during the period under review.
Higher dividend income from MCB to increase other income
A 15% YOY increase is expected in other operating income. This is due to
increase in number of shares of MCB Bank Limited from 42.5 in FY09 to 47.8 in
FY10 due to issuance of bonus shares and maintaining the same dividend per
share in FY10 compared to FY09.

P&L Statement (PKR mn) FY2010E FY2009A YOY chg

Sales 30,024 23,870 26%
Cost of sales 24,563 19,518 26%
Gross profit 5,461 4,352 25%
Operating expenses 2,192 1,787 23%
Other operating expenses 255 192 33%
Other operating income 689 599 15%
Finance cost 1,063 1,447 -27%
Profit before taxation 2,640 1,526 73%
Profit after taxation 2,323 1,232 89%
Earnings per share (PKR) 8.93 4.73
Sources: AHL estimates, NML financials

Recommendation
At the current price level of PKR 45.25/share, the stock of NML is offering an
upside potential of 48% to its December 2010 target price of 67/share. Buy

Recent Share Trades for Oil&gas Regs (OGDC)

Date

Time

Trade Prc

Volume

Buy/Sell

Bid
 Ask

Value (approx)

23-Dec-10

15:40:09

22.51

692

Sell*

22.51

20.44

155.77

Trade Type:
Uncrossing trade

6-Dec-10

15:46:42

19.88

1,557

Sell*

21.92

0.00

309.53

Trade Type:
Historical (date is not today)
Late reported
Bargain Conditions apply

7-Dec-10

15:46:29
19.88

1,557

Sell*

21.92

0.00

309.53

Trade Type:
Historical (date is not today)
Late reported

*Buys and Sells are calculated on the difference between the trade price and the current mid price. As such, they can
occasionally be incorrect.

View more Oil&gas Regs trades >>

Directors Deals for Oil&gas Regs (OGDC)

Trade Date Action Notifier Price Currency Amount Holding

There is currently no Directors Dealing information for Oil&gas Regs

View more Oil&gas Regs directors dealings >>

Share Discussion for Oil&gas Regs (OGDC)

Date/Time

Author

Subject

Share Price†

Opinion

20 Aug '10

tqhussain

OGDC ticker
16.79

No Opinion

does come up on barc?

16 Jul '10

Philos

RNS

16.85

No Opinion

http://www.investegate.co.uk/Article.aspx?id=201007161350304902P

22 Feb '10

wozzer70

DISCOVERY OF OIL AND GAS

0.00

No Opinion

Sir, By the grace of Almighty Allah, the Joint Venture of Tando Allah Yar Block comprising Oil and Gas Development
Company Limited (OGDCL) as Operator (95%) & Government Holdings (Pvt.) Limited (5% carried) has discovered
Gas from its exploratory Well i.e. Shah Well # 01, which is located in District Hyderabad, Sindh Province. 2. The
structure of Shah Well # 01 was delineated, drilled and tested using OGDCL's in house expertise. The well is drilled
down to the depth of 3227 M, targeting to test the hydrocarbon potential of Massive Sand formation, whereby
sizeable reserves of hydrocarbon have been found at Shah Well # 01. The Zone has tested 15.40 MMSCFD of gas
and condensate 165 BPD through 32/64" choke. 3. This discovery will add to the Hydrocarbon reserve base of the
OGDCL and the joint venture partner. The discovery of Shah Well # 01 will add Hydrocarbon reserves to the
hydrocarbon reserves base of the country. 4. The above is being provided to you in compliance with the requirements
of Clause No. (xxiii) of the Code of Corporate Governance.

16 Feb '09

postix

Level 2 (and drilling report)

0.00

No Opinion
why can't I get level 2 on this share anywhere? Positive drilling report: http://fool.uk-wire.com/cgi-
bin/articles/200902161533403952N.html

28 Feb '07

Otrader

GDR trading

No Opinion

Anyone into GDR trading? what broker do you use? And what commission rates do you pay? Feedback appreciated

http://www.lse.co.uk/shareprice.asp?
shareprice=OGDC&share=oil_&_gas_development_company_ld_gdr_(each_repr_10_
ord)(regs)

O&G SP GDR REG-S

(IOB: OGDC.IL Ticker: 78Q200 / ISIN: US67778Q2003)

Last Trade: 22.51

Trade Time: 23 Dec 15:40

Change: 0.01 (0.04%)

Prev Close: 22.51

Open: 22.51

Bid: 22.50

Ask: 22.52
1y Target Est: N/A

Day's Range: 22.51 - 22.51

52wk Range: 13.00 - 22.52

Volume: 692

Avg Vol (3m): 621

Market Cap: N/A

P/E (ttm): N/A

EPS (ttm): N/A

Div & Yield: N/A (N/A)

Lower-than-expected OGDCL offer price

Posted on December 2, 2006 by StockPK Team

Cabinet Committee on Privatisation (CCoP) announcement of below the market

expectation price for Global Depository Shares (GDSs) and secondary offering of Oil and
Gas Development Company (OGDCL) paved way for bearish spell at the Karachi stock
market on Friday.

KSE 100-share Index lost three technical barriers of 10,600, 10,500 and 10,400 and fell
230.56 points to close at 10,388.19 points.

The junior 30-Index also registered the same level of decline of 230.99 points to
13,131.32 points.

OGDCL alone contributed 109 points to the total decline of the day in indices. The scrip
opened on its lower lock and remained at that level to close at Rs120.85, shedding
Rs6.35 with 2.613 million shares traded, Live Securities reported.
CCoP fixed Rs115 per share or $18.90 per GDS to be listed at London Stock Exchange on
December 06, 2006. Each GDS will be representing 10 ordinary shares at KSE, it was
learnt. Moreover, government would also offer OGDC secondary public offering to retail
investors at Rs110 per share in the domestic market.

Both the approved prices – for GDS and secondary offering – were below the market
expectation and closing price at Rs127.20 a day earlier.

Ahsan Mehanti of Shahzad Chamdia Securities said that market players were divided
into two groups on the issue of OGDCL price.

One school of though was of the view that they should sell out their OGDC holding at
current share price that is far above the secondary offering price of Rs110 per share and
repurchase them in secondary public offering. This thought dominated in market
throughout the day.

The other group of market players believed that investors should retain OGDC holding
with its current share price as the scrip has already declined significantly and would
rebound within a few sessions, Ahsan informed.

He calculated OGDC fair value at Rs175 per share and said that it was currently trading
below its average share price of Rs125 to Rs135. In the medium term, the share price
would come up again, Ahsan believes.

Other analysts said that OGDC led pathetic rally depressed other fellow scrips as well.
The adverse affect of OGDCL was felt across the board where most of the sectors came
under price-fire. However, cement sector performed exceptionally in the crumbling
market.

The news of withdrawing sales tax on cement exports and allowing duty draw back
helped cement stocks to move in upward direction, they said and added that the
international financial assistance to Pakistan for constructing big dams for water
reservoirs also provided strength to the cement shares.
A big portion of market participants remained sideline for another day, as the turnover
remained thin at 125.706 million shares. Just three million shares up from 122.025
million shares recorded a day earlier market analysts say that turnover was still skeletal.

Market capitalisation fell by Rs85 billion to Rs2.893 trillion.

Live securities said that the market started on extremely bearish note and remained in
the negative zone throughout the day with the KSE-100 index marking 303.81 points
intra-day low at 10,314.94 point level. Following OGDCL, other notable energy, banking
and fertilizer scrips also posted massive declines. However, exceptional recovery was
witnessed in cements on news reports mentioning restoration of duty drawback on
cement exports. D.G. Khan Cement, Lucky Cement, Fauji Cement and Maple Leaf
Cement gained 2.9 per cent, 4.5 per cent, 3.1 per cent and 1.2 per cent respectively to
close at Rs72.00, Rs74.25, Rs16.45 and Rs17.50.

Speculative activities were evident in CTTL with the scrip hitting its upper and lower
breakers during the session. Finally, the scrip closed at its upper lock and remained
volume leader at 15 million shares.

In the broader market, losers outnumbered gainers with a margin of almost 3 to 2.

therefore, 157 scrips declined and 97 advance, while the value of 43 remained pegged
with 297 active counters on board.

Forward Counter: NBP led the list of actives on this counter, declined by Rs7.70 at
Rs266.40 on 11 million shares followed by PPL which shed Rs10.05 at Rs232.65 on four
million shares, POL plunged Rs4.35 at Rs349.75 on three million shares, DGKC surged
by Rs2.05 at Rs72.70 on three million shares, LUCK rose by Rs2.85 at Rs74.60 on two
million shares.

http://www.stockpk.com/lower-than-expected-ogdcl-offer-price.html