GCP 2024 March 5, 2024 Sameer Lakhani GCP – Dubai stock market boom is driven by hard assets as Parkin IPO lines up ... Read More
GCP 2024, Podcast March 5, 2024 Salik numbers: the toll company saw revenue rise just under 12% in 2023, and plans to expand where it gets its money from. We know about the two new gates; it also wants more private parking opps like Dubai Mall, geographical expansion and dynamic (read: surge/congestion) pricing, says Sameer Lakhani of Global Capital Partners FZ LLC. Salik numbers, the proxy data cut: trips are up 10%, the number of vehicles registered up just over 8%, revenue from fines ‘performed strongly’, up 7.5%. I like to think I’ve helped with that. Parkin shares go on sale today at around the 2 AED mark, and will almost def be oversubscribed. Retail investors are set to get 10% of the offering, Sameer says its ‘fairly likely’ that will be increased. ... Read More
GCP 2024 March 4, 2024 Sameer Lakhani GCP – UAE stock market: Parkin IPO, record dividend payouts make it busy few days for investors ... Read More
GCP 2024 February 27, 2024 Sameer Lakhani GCP – Dubai’s Parkin IPO to open March 5 by offering 24.99% in UAE’s first stock market float of 2024 ... Read More
GCP 2024, Podcast February 27, 2024 The third hotly awaited IPO has driven out of the Road & Transport Authority – RTA garage. Just under 25% of Parkin’s shares will be offered to investors early next month, 10% to retail investors. Parkin operates around185k paid spots in Dubai; Sameer Lakhani expects it to try and convert some of our 392k free spaces into moneymakers. Sameer also says the UAE’s capital markets should benefit from its removal from the FATF grey list, with both primary and secondary markets to get a boost. ... Read More
GCP 2024 February 26, 2024 Sameer Lakhani GCP – In Dubai property, pocket-friendly offers show up more on ready homes – including 1% down payment ... Read More
GCP 2024 February 21, 2024 Sameer Lakhani GCP – UAE’s e& to raise dividend by 3 fils a share from 2024; will pay out 80 fils in 2023 ... Read More
GCP 2024 February 19, 2024 Sameer Lakhani GCP – On UAE stocks, retail investors think long term – that is a good outcome ... Read More
GCP 2024, Podcast February 9, 2024 Proxy data time, courtesy of earnings season: Salik saw a 12% rise in toll gate crossings, Dubai Electricity & Water Authority – DEWA a 6ish% rise in electricity and water demand and 5% rise in customer accounts. That all attests to ‘significant growth’ in the Dubai population, says Sameer Lakhani of Global Capital Partners FZ LLC – which “if anything” is higher than official projections of 5-8%. ... Read More
GCP 2024 February 5, 2024 Sameer Lakhani GCP – Can high rents push more Dubai residents to turn end-user property buyers? ... Read More