Author Topic: SNGP -- Sui Northern Gas Pipelines Company  (Read 58678 times)

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Offline zelmc

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #359 on: March 16, 2019, 06:30:40 PM »
Sngp didn't issued results since 3rd Qtr March 2018. Why???

They had filed application for extension of BOD meeting due to various reasons, still pending.
https://www.sngpl.com.pk/web/UploadFolder/MatInfo.pdf

Pakinvestorsguide

Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #359 on: March 16, 2019, 06:30:40 PM »

aharoon

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #360 on: March 18, 2019, 03:12:00 PM »
Bought 10000 luck near to lower cap
Sorry luck nahin SNGP...
Mai bhi Boula Gaya hoon Kiya type kardia idhar  :laugh: :laugh:
Index sensitive stock if market recovers
INDEX SENSITIVE STOCK  :good :good :: :good CAPPED..
Issay kehtay Experienced Professional  :clap1: :clap1: :clap1:

Online AL-IMRAN

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #361 on: March 18, 2019, 03:15:55 PM »
Bought 10000 luck near to lower cap
Sorry luck nahin SNGP...
Mai bhi Boula Gaya hoon Kiya type kardia idhar  :laugh: :laugh:
Index sensitive stock if market recovers
INDEX SENSITIVE STOCK  :good :good :: :good CAPPED..
Issay kehtay Experienced Professional  :clap1: :clap1: :clap1:

BHAI KIA WAJA HAI YE MARKET RECOVER KAISE HOGAI?? KIA GOOD NEWS HAI?? OR KAL BHI GREEN HOGI KIA??

aharoon

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #362 on: March 18, 2019, 03:31:56 PM »
Bought 10000 luck near to lower cap
Sorry luck nahin SNGP...
Mai bhi Boula Gaya hoon Kiya type kardia idhar  :laugh: :laugh:
Index sensitive stock if market recovers
INDEX SENSITIVE STOCK  :good :good :: :good CAPPED..
Issay kehtay Experienced Professional  :clap1: :clap1: :clap1:

BHAI KIA WAJA HAI YE MARKET RECOVER KAISE HOGAI?? KIA GOOD NEWS HAI?? OR KAL BHI GREEN HOGI KIA??
Asad Omar ka lollipop..
Stock market Kay liay Rules n Regulation Easy karnay ke baat..

Offline Farzooq

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #363 on: April 19, 2019, 01:09:47 PM »
SNGP: Earnings expected to accelerate 10% YoY during FY18

Sui Northern Gas Pipelines Limited (SNGP) is scheduled to announce its FY18 / 1QFY19 financial result on Monday (22nd Apr’19). We expect the company to post earnings of PKR 9,474mn (EPS: PKR 14.94) during FY18, depicting a jump of 10% YoY. Our forecast is premised on incremental capital expenditure incurred by the company in the said year. Moreover, the company is expected to book a one-time positive impact of prior years’ (FY13-FY17) UFG adjustment at 7.6% as opposed to the benchmark 4.5%; total impact on the company arrives at PKR 1.1bn given the Authority had already allowed a higher UFG between 6.73% in FY13 and 7.11% in FY17. This would translate to a per share impact of PKR 1.25/share. Whereas during 1QFY19, the company is projected to unveil a bottom-line of PKR 1,914mn (EPS: PKR 3.02), stagnant over SPLY. Key reason behind this performance is higher capital expenditure which will offset the impact of a rise in UFG.
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Offline tariqaziz

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Offline tariqaziz

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Offline msssuhaque

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #366 on: April 22, 2019, 07:06:30 PM »
Any has a theory as to why it didnt rally apart from the general sentiment? The result was pretty good.

Offline Moazzam

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #367 on: April 22, 2019, 10:51:55 PM »
Any has a theory as to why it didnt rally apart from the general sentiment? The result was pretty good.

In the announcement of  Annual Result for the year ended 30 June 218, under the profit and loss statement, there is extract from Auditors Report, according to which Management of the Company has recognized disputed 17 billion in the revenue of the company.   
When investing, pessimism is your friend, euphoria the enemy.

Offline Farzooq

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #368 on: April 22, 2019, 11:02:05 PM »
Result Review: EPS of PKR 17.54 / 4.09 in FY18 / 1QFY19

Sui Northern Gas Pipelines Limited (SNGP) announced its FY18 financial result today, posting a profit after tax (PAT) of PKR 11,121mn (EPS: PKR 17.54), depicting a jump of 29% YoY as compared to a bottom-line of PKR 8,614mn (EPS: PKR 13.58) during SPLY. The company also disclosed its 1QFY19 result, whereby profitability displayed a growth of 35% YoY to PKR 2,596mn (EPS: PKR 4.09) vis-à-vis PKR 1,919mn (EPS: PKR 3.03) in SPLY. Alongside this, the board announced a final cash dividend of PKR 5.55/share (FY18: 7.05) and an interim dividend of PKR 1.5/share in 1QFY19.

Result Highlights

·         Gas sales of the company improved by 40% YoY in FY18 given 5% uptick in natural gas volumes (as per DERR FY18) tagged with volumetric growth of RLNG (imports went up by 68% YoY) and higher RLNG prices due to higher oil prices and USD appreciation. Similar reasons were observed in 1QFY19.

·         Finance costs of the company escalated to PKR 10,806mn in FY18, up by 102% YoY led by continuous rise in differential margin (receivable from the Government under the provisions of license for transmission and distribution of natural gas granted to the Company by OGRA) to PKR 57bn amid improvement in capex and hence, revenue requirement of the company. As a result, SNGP relied on increased borrowing to meet working capital requirements. Whereas in 1QFY19, although the quantum of differential margin relaxed to PKR 2,185mn attributable to increase in consumer gas prices, finance costs took off by 152% to PKR 4,592mn owed to hike in interest rate by the SBP.

·         Operating profit of the company witnessed a growth of 55% in FY18 led by greater capital expenditure undertaken (majorly to spread the distribution network as OGRA had allowed the company to improve domestic offtake by 16% in the DERR FY18) which offset the impact of higher UFG (we estimate full year average at over 9MFY18 average of 10.80% vs. 8.07% in FY17) together with improvement in rental & service charges and surcharge & interest on arrears. While in 4QFY18, operating profit growth appears inflated (+297% YoY) given the company booked a one-off impact of prior years’ (FY13-FY17) UFG adjustment at 7.6% as opposed to the benchmark 4.5%; total impact on SNGP arrives at PKR 1.1bn (EPS: PKR 1.25). In addition, we believe the company made adjustment for a higher UFG allowance in the last quarter in-line with achievement of Key Monitoring Indicators (KMIs) as opposed to the first three quarters where flexible rate of 2.5% is only allowed up to 50% (i.e.: 1.3%).

·         During 1QFY19, operating profit exhibited a robust jump of 86%; augmenting capital expenditure cushioned the impact of UFG (we project UFG in the quarter at 11.50% vs. 10.98% in SPLY).

·         The company booked effective taxation during FY18 / 1QFY19 at 28% / 31% (FY17: 31% / 1QFY18: 30%).

·         We also highlight that auditors of the company (A.F. Ferguson & Co. Chartered Accountants) have issued a qualified opinion on the FY18 accounts, as SNGP has recognized disputed revenue of PKR 17bn. The matter has been referred for arbitration to an expert. Albeit, any decision, in favour of or against the company will not impact bottom-line as that remains dependent on a return based formula.
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Offline sumbul

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #369 on: April 23, 2019, 10:07:22 AM »
Any has a theory as to why it didnt rally apart from the general sentiment? The result was pretty good.

In the announcement of  Annual Result for the year ended 30 June 218, under the profit and loss statement, there is extract from Auditors Report, according to which Management of the Company has recognized disputed 17 billion in the revenue of the company.


Its just 3.8% of the total revenue. Immaterial

Offline umair vohra

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #370 on: April 29, 2019, 12:10:37 PM »
Brought today hopefully dividend free hoga

Offline umair vohra

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Offline umair vohra

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #372 on: May 02, 2019, 11:54:44 AM »
highest Profit.
Highest Sales
Highest Margin
Highest Dividend
one should have SNGP at-least dividend yaha say free lagraha hai mjy around 7 Dps. 

Offline Farzooq

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Re: SNGP -- Sui Northern Gas Pipelines Company
« Reply #373 on: May 18, 2019, 12:20:13 PM »
OGRA recommends 47% hike in gas tariff
By Zafar BhuttaPublished: May 17, 2019

ISLAMABAD: The gas prices in Punjab and Khyber-Pakhtunkhwa may further increase by 47 per cent, while in Sindh and Balochistan by 28 per cent from the next fiscal year (July 1, 2019) due to the depreciation of the rupee against the dollar.

The Oil and Gas Regulatory Authority (Ogra) on Friday sent a summary to the government in this regard.

The Pakistan Tehreek-e-Insaf (PTI) government has already hiked the gas prices up to 143 per cent during the ongoing fiscal year.

The rupee hit a new all-time low of 149.35 to the US dollar in the interbank market on Friday.

However, Ogra had taken Rs150 per US dollar exchange rate to determine the prices of gas for the consumers for next fiscal year 2019-20.

The Sui Northern Gas Pipelines Limited (SNGPL) – which supplies gas to Punjab and Khyber-Pakhtunkhwa – had recommended an average increase in gas prices by 144 per cent. However, Ogra allowed 47 per cent average hike.

Similarly, the Sui Southern Gas Company Limited (SSGCL) – which supplies gas to Sindh and Balochistan – had recommended an increase in gas prices by 30 per cent. But the regulator allowed a 28 per cent average increase in prices.

Ogra has recommended increasing gas prices for consumers falling under the first slab by 18 per cent, second slab 29 per cent, third slab 32 per cent, fourth slab 12 per cent, fifth slab four per cent and sixth slab also four per cent.

Experts say Ogra allowed the increase in gas prices to enable the government to avail the International Monetary Fund (IMF) bailout package.

The government has already agreed to the IMF’s demand of increasing prices of gas and electricity.

The SNGPL had estimated its revenue requirement of Rs474.6 billion, which includes Rs309.5 billion for the next financial year and an adjustment for the shortfall of Rs165.12 billion during the previous years.

The regulator allowed total revenue of Rs293.3 billion, including Rs264.58 billion for the next financial year 2018-19 and Rs28.7 billion revenue for previous years’ adjustments.
The gas utility has been allowed to recover this revenue shortfall from the gas consumers by increasing prices of gas by 47 per cent.

The regulator has also allowed SNGPL to build an 8,000 kilometres-long distribution network with an initial cost of Rs5.3 billion.

It also allowed Rs1.12 billion to be recovered from gas consumers for rehabilitation of the system and unaccounted for gas (UFG) control.

The authority allowed Rs344 million for 450 industrial and 5,000 commercial gas connections.

An amount of Rs3.2 billion has been allowed for 400,000 new domestic gas connections.

The regulator allowed 6.30 per cent UFG. Of the total gas theft amounting to 49.06 billion cubic feet per day, Ogra has put the burden of 29.2 bcfd on the consumers. The total UFG has been assessed at 10.5 per cent.

The SSGCL projected its revenue requirement at Rs279.6 billion, including Rs254.7 billion for the next financial year 2019-20 and Rs24.9 billion for previous years’ adjustment.

The regulator allowed Rs270.7 billion revenue, which includes Rs245.8 billion for next financial year and Rs24.9 billion for previous years’ adjustment.

The total UFG of the company has been calculated at 15.69 per cent. The regulator allowed 6.30 per cent or Rs19.2 billion to be collected from the consumers.
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