Author Topic: FESCO -- Faisalabad Electric Supply Company  (Read 486 times)

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Offline MZ

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FESCO -- Faisalabad Electric Supply Company
« Reply #-1 on: October 17, 2016, 07:33:55 PM »

Offline momo

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Re: FESCO -- Faisalabad Electric Supply Company
« on: October 17, 2016, 10:40:47 PM »
Any financials available?

Offline Rokie

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #1 on: October 17, 2016, 11:23:11 PM »
Please elaborate about new shares? and when it will be available?

Offline Alpha

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #2 on: October 17, 2016, 11:32:53 PM »
Isn't it too early to make thread?

Offline SBM

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #3 on: October 18, 2016, 03:10:02 PM »
Any financials available?

financials were available last year  .. cant find them now ..
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Offline sAr

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #4 on: October 18, 2016, 04:17:46 PM »
https://www.dawn.com/news/1290007/process-for-fescos-share-offering-initiated

Few years back Privatization Commission was in hunt of an Institutional/Strategic Buyer for FESCO. Now they are offloading to Public.
Reported Line Losses of FESCO for FY14 was at 11.3 per cent, almost half of K-Electric

Financial Report FY15
http://fesco.com.pk/FinanceDB/Financial%20Statements%20for%20FY%202014-15.pdf

Book Value Around 11.5

Operating Margins are just 2.8% vis-a-vis K-Electric Operating Margin of 13%. FESCO is getting Electricity at higher rate as compared to K-Electric

Faisalabad is the third largest city of the country and the second industrial hub. Fesco’s major buyers are industrial units that generate 44% of total revenues.
The entity is among few power distribution companies that are making a profit. The distribution company has 16,500 employees and the consensus is against its privatization.



Offline SBM

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #5 on: October 18, 2016, 06:32:39 PM »
https://www.dawn.com/news/1290007/process-for-fescos-share-offering-initiated

Few years back Privatization Commission was in hunt of an Institutional/Strategic Buyer for FESCO. Now they are offloading to Public.
Reported Line Losses of FESCO for FY14 was at 11.3 per cent, almost half of K-Electric

Financial Report FY15
http://fesco.com.pk/FinanceDB/Financial%20Statements%20for%20FY%202014-15.pdf

Book Value Around 11.5

Operating Margins are just 2.8% vis-a-vis K-Electric Operating Margin of 13%. FESCO is getting Electricity at higher rate as compared to K-Electric

Faisalabad is the third largest city of the country and the second industrial hub. Fesco’s major buyers are industrial units that generate 44% of total revenues.
The entity is among few power distribution companies that are making a profit. The distribution company has 16,500 employees and the consensus is against its privatization.


unlike fesco is only a distributor while kel has generation units as well so not reall a valid comparison
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Offline momo

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Re: FESCO -- Faisalabad Electric Supply Company
« Reply #6 on: October 18, 2016, 07:13:20 PM »
Any financials available?

financials were available last year  .. cant find them now ..

https://www.dawn.com/news/1290007/process-for-fescos-share-offering-initiated

Few years back Privatization Commission was in hunt of an Institutional/Strategic Buyer for FESCO. Now they are offloading to Public.
Reported Line Losses of FESCO for FY14 was at 11.3 per cent, almost half of K-Electric

Financial Report FY15
http://fesco.com.pk/FinanceDB/Financial%20Statements%20for%20FY%202014-15.pdf

Book Value Around 11.5

Operating Margins are just 2.8% vis-a-vis K-Electric Operating Margin of 13%. FESCO is getting Electricity at higher rate as compared to K-Electric

Faisalabad is the third largest city of the country and the second industrial hub. Fesco’s major buyers are industrial units that generate 44% of total revenues.
The entity is among few power distribution companies that are making a profit. The distribution company has 16,500 employees and the consensus is against its privatization.




Thank you. I had actually reviewed this financials a few months back when they were talking about it but forgot that I had looked at them. It'd be a good investment for stable dividends and incremental growth.

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