Author Topic: PIBTL -- Pakistan International Bulk Terminal Limited  (Read 310337 times)

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Offline SBM

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #-1 on: August 24, 2015, 11:00:47 PM »

Offline SBM

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PIBTL -- Pakistan International Bulk Terminal Limited
« on: December 17, 2013, 03:36:43 PM »
All about PIBTL
« Last Edit: February 23, 2014, 03:30:47 PM by M&M »
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Offline SBM

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Offline SBM

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #2 on: December 17, 2013, 03:42:25 PM »
http://pibt.com.pk/download/PIBT_Annual_Report_2013.pdf

buhhhahaha

abhi list hotay hee rights issue bharo  :laugh:


*feels sorry for the ppl holding pibt* 
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Offline SBM

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #3 on: December 17, 2013, 03:42:57 PM »
JS uncle ka aik aur item. enjoy
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Offline MZ

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #4 on: December 17, 2013, 03:43:43 PM »
http://pibt.com.pk/download/PIBT_Annual_Report_2013.pdf

buhhhahaha

abhi list hotay hee rights issue bharo  :laugh:


*feels sorry for the ppl holding pibt*

ise liya tu listing krwaq rahay hain.

Offline SBM

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #5 on: December 17, 2013, 03:55:05 PM »
http://pibt.com.pk/download/PIBT_Annual_Report_2013.pdf

buhhhahaha

abhi list hotay hee rights issue bharo  :laugh:


*feels sorry for the ppl holding pibt*

ise liya tu listing krwaq rahay hain.

PIBT PICT ka bacha hai.  when the filipinos took over PICT, PIBT was not part of the deal and 100% of pibt shares held by PICT were given as specie dividend to originial pict shareholders

Under kse regulations (or maybe secp..) if a listed company gives specie dividend of unlisted company, unlisted company has to be listed on the stock exchange within some limited time frame (maybe 6 months, dunno)

However, for reasons unknown to me, PIBT wasnt listed in the required time 
Now they have managed to list just in time for rights issues :)
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Offline MZ

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #6 on: December 20, 2013, 11:08:52 AM »
PIBTL: Trading to start from next week

Karachi Stock Exchange (KSE) has approved formal listing of Pakistan International Bulk Terminal Limited (PIBTL) from Dec 23, 2013. PIBTL is under construction phase and will achieve commercial operations by mid-2015. Upon completion, this will be Pakistan’s only dedicated bulk terminal with annual capacity to handle 12mn tons. The company has Build Operate Transfer (BOT) contract with Port Qasim Authority (PQA) for the construction, development, operations and management of coal and clinker/cement terminal at Port Qasim, Karachi.

PIBTL offered as specie dividend in July 2011

Pakistan International Container Terminal (PICT) declared 50% specie dividend to its shareholders’ in July 2011, i.e. 1 for every 2 shares of PICT. Anyone holding shares of PICT as at July 25, 2011 was entitled for PIBTL shares. Of the Rs546mn paid-up capital (par value Rs10/share), 44% is held by general public while sponsors and its associate company (Premium Mercantile Services) hold 56%.

Potential benefit from coal-demand

Coal imports in Pakistan are expected to increase due to construction of coal-fired power plants. Moreover, GoP has signed MoUs (Memorandum of Understanding) with four independent power producers (IPPs) to convert from furnace oil (FO) to coal. With these developments, we estimate coal demand in the country to rise by 28mn tons per annum, going forward. Karachi Electric Supply Corporation (KESC) has signed MoU with PIBTL to handle 4mn tons of coal per annum from 2015 for its upcoming 1,200MW coal conversion plant.

Coal is also used widely by cement manufacturers in Pakistan and current demand from the sector stands at 5-5.5mn tons. While growth in local cement demand may remains sluggish, sea-based exports may rise due to excess capacity. Hence, PIBTL may benefit from the above-mentioned developments.

Termination of EPC contract and court settlement

PIBTL entered into an Engineering, Procurement and Construction (EPC) Contract on March 15, 2012 with a joint venture comprising a local and a Turkish company. Due to joint venture contractors’ internal disputes, EPC contractor notified the company on April 18, 2013 about its inability to continue its remaining work in accordance with the agreed terms. Hence, contract was terminated. Consequently, PIBTL initiated legal proceedings against EPC contractor on May 3, 2013.

The work done by the EPC contractor was 31.03% verified by NESPAK. So, the amount which the company agreed to pay to the joint venture in full and final settlement was Rs 620mn. Premier Mercantile Service Limited and Jahangir Siddiqui & Co. Limited contributed Rs 450mn and Rs250mn respectively, towards the settlement amount as advance against future issue of capital. Now, PIBTL is in process of awarding new contract to another company for the residual work. The company expects that commercial operations may commence by mid 2015.

Project Cost

Total estimated cost of this project is US$185mn, which may increase, financed by 49% debt. International Finance Corporation (IFC) has agreed to finance US$27mn in addition to US$19mn equity for this project. OPEC Fund for International Development (OFID) and local banks have also committed US$20mn and US$44mn, respectively. PIBTL has not yet withdrawn any of the guaranteed credit lines. So far, only US$30mn has been invested in the project as equity; US$25mn by sponsors.

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Offline umair vohra

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #7 on: December 20, 2013, 11:23:51 AM »
Long term item hai :) seems to be good

Offline SBM

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #8 on: December 20, 2013, 11:32:21 AM »
Long term item hai :) seems to be good

long long long long long term  :biggthumpup:
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Offline Ali135

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #9 on: December 20, 2013, 12:09:35 PM »
Long term item hai :) seems to be good

long long long long long term  :biggthumpup:

smb bro pf mai rakhna chaheay???

Offline umair vohra

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #10 on: December 20, 2013, 12:40:19 PM »
Long term item hai :) seems to be good

long long long long long term  :biggthumpup:

Long 10 long 20 long 30 long 40 long 50 long :) Agree atleaset 3 to 5 years :D

Offline asim.786

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #11 on: December 21, 2013, 08:39:06 AM »
Jacl will contribute 250 millions in PIBT project as a partner
Top Picks. EFOODS,PPL,SHEL,FFC,PNSC,JSCL,BIPL.FFBL,IGIIL!CSAP

Offline hero167

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #12 on: December 21, 2013, 12:30:56 PM »
Jacl will contribute 250 millions in PIBT project as a partner

23 dec sy kitny min milny ky chances hain
aur keya esy abhe sy utha lina chaheay ya pher down ho ga

Offline naumaan

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #13 on: December 21, 2013, 05:12:59 PM »
KSE approves formal listing of PIBTL from 23rd

National Clearing Company of Pakistan Limited (NCPPL) declared PIBTL eligible for clearing and settlement through the National Clearing and Settlement (NCSS) on December 18, it said.
 
Trading in PIBTL shares will start from next week with the ringing of the gong to commence trading. Captain Haleem A Siddiqui, chairman of the Pakistan International Bulk Terminals Limited, will ring the bell.

PIBTL is under construction phase and will achieve commercial operations by the middle of 2015. Upon completion, this will be Pakistan’s only dedicated bulk terminal with annual capacity to handle 12 million tons.

The company has Build Operate Transfer (BOT) contract with the Port Qasim Authority (PQA) for the construction, development, operations and management of coal and clinker / cement terminal at Port Qasim, Karachi.

According to Muhammad Tahir Saeed, an analyst at Topline Research, the work done by the EPC contractor was 31.03 percent verified by NESPAK. And, the amount, which the company agreed to pay to the joint venture in full and final settlement, was Rs620 million.
 
Premier Mercantile Service Limited and Jahangir Siddiqui & Co. Limited contributed Rs450 million and Rs250 million, respectively, towards the settlement amount as advance against future issue of capital, he said.


The Karachi Electric Supply Company (KESC) has signed a MoU with PIBTL to handle four million tons of coal per annum from 2015 for its upcoming 1,200MW coal conversion plant, he said.
http://www.thenews.com.pk/Todays-News-3-221395-KSE-approves-formal-listing-of-PIBTL-from-23rd

Offline 007

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #14 on: December 23, 2013, 02:11:19 AM »
laooo cap karooo issay kal

Offline 007

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #15 on: December 23, 2013, 10:11:56 AM »
WTF

what a cap man

Offline umair vohra

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #16 on: December 23, 2013, 11:17:57 AM »
Long term item hai :) seems to be good

long long long long long term  :biggthumpup:

smb bro pf mai rakhna chaheay???

koi kakhay ga jaab he jaab hat lagyga :D

Offline MZ

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #17 on: December 24, 2013, 11:03:15 AM »
PIBT shares start trading, $60m rights issue to follow

Trading in shares of Pakistan International Bulk Terminal (PIBT) commenced on Monday as soon as business tycoon Haleem A Siddiqui hit the gong at the Karachi Stock Exchange (KSE) at 9:30am.
“Being the only dirty cargo terminal in the country, PIBT will help meet the country’s rapidly increasing demand for coal,” Siddiqui said after formally kicking off the stock’s trading on the bourse.
Siddiqui serves as PIBT chairman, which has a build, operate and transfer (BOT) contract with the Port Qasim Authority (PQA) for the construction, development, operation and management of a coal, clinker and cement terminal at Port Qasim for 30 years.
He added PIBT, being built at an estimated cost of $185 million, will become operational within 24 months to handle 12 million tons of coal, clinker and cement annually.

The existing issued and paid-up capital of PIBT is Rs545.7 million. Sponsors, directors and their relatives currently control 21% shares of the total issued and paid-up capital while the stake held by Premier Mercantile Services is 35.3%, which makes it the largest shareholder in PIBT.
Shares held by the general public, including corporate bodies, institutions and individuals, constitute 43.6% shares of the total issued and paid-up capital of PIBT.
Speaking to The Express Tribune, PIBT CEO Sharique A Siddiqui said the free-float of the company will not be more than 25%, as institutional investors are likely to hold on to their stake in the project.
In its meeting held on July 11, 2011, the board of directors of Pakistan International Container Terminal (PICT) – which is the parent company of PIBT – proposed to distribute 54.577 million ordinary shares, or 100% of the issued, subscribed and paid-up capital of the subsidiary company, having the face value of Rs10 each, to PICT shareholders as specie dividend in the ratio of one ordinary share of PIBT for every two ordinary shares held of the existing capital of PICT.
The PIBT CEO said the stock will trade more actively in a few months once the company holds its rights issue in order to raise approximately $50-60 million. The rights issue entitles a company’s existing shareholders to buy additional shares directly from the company in proportion to their existing holdings generally at a discount to the current market price.
Pakistan imports about four million tons of coal every year, which is consumed by household, power, brick kiln and cement sectors.
Pakistan’s coal reserves mainly in Thar are reported to be around 175 billion tons. But Siddiqui said Thar coal is mainly lignite and power plants converting from furnace oil require high-quality coal.
According to Topline Securities research analyst Muhammad Tahir Saeed, coal imports in Pakistan are expected to increase rapidly due to the construction of coal-fired power plants.
Noting that the government has signed memoranda of understanding with four independent power producers to convert from furnace oil to coal, Saeed said coal demand will rise by 28 million tons per annum.
Published in The Express Tribune, December 24th, 2013.

Offline sAr

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #18 on: January 28, 2014, 10:14:28 PM »
http://www.kse.com.pk/newsimage/50324-1.gif

Koi poochnai wala hai inhain? 23 Jan ka notice aaj post kar rahe hain. 30th ko Board meeting hai

Offline Small Investor

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Re: PIBTL -- Pakistan International Bulk Terminal Limited
« Reply #19 on: January 30, 2014, 11:16:02 PM »
Long term item hai :) seems to be good

long long long long long term  :biggthumpup:

Long 10 long 20 long 30 long 40 long 50 long :) Agree atleaset 3 to 5 years :D
:D Touched 50 in a month