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DANGCEM: Dangote Cement PLC Summary - Bloomberg
Lowest ask price at N134 and highest bid price at N133... Traded just over 700K units... Illiquidity is setting in and very soon sellers will drop the price.
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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E bi like say people wey buy this stocks dey live in Hope-ville or Hope-shire or Hope-hampton....
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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Cut off date is second week of February, publication date is second week of March.
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| The Following User Says Thank You to Waves For This Useful Post: | ||
pegheneji (29th October 2010) | ||
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Closing Market orders 28 Oct 2010. Looks like start of downward pressure(?) Depends on direction of opening orders in the morning
Last edited by yemo; 28th April 2011 at 12:13 PM. |
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This thread has now been superseded by another thread on Dangote Cement -> Dangote Cement
Please continue all discussions on Dangote Cement there. This thread is now closed. |
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| The Following User Says Thank You to EIC For This Useful Post: | ||
Waves (29th October 2010) | ||
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Let us keep our eyes peeled. This company is going to become a money spinner, very very soon. The downward pressure is piling up fast; the harder it falls the better it is...
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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Thanks.
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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Whats your target price? I'm willing to enter at 70
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"Diversification is a protection against ignorance. It makes litte sense to those who know what they are doing" Warren Buffet |
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Personally I dont think it would get as low as that...at N100, I would start to accumulate small small!
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“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”-William Arthur Ward |
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I think N100 will be a good price to start accumulating. This stock is not likely to get to N80, not to talk of N70...
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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hmm, I wish I can share your confidence but i truly believe that there is going to be dumping of this stock once BCC shareholders get their certificates. At N70 the p.e of this stock would be below N10 which is not unreasonable
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"Diversification is a protection against ignorance. It makes litte sense to those who know what they are doing" Warren Buffet |
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Just to put things in perspective, former BCC minority shareholders hold 3.19% of Dangote Cement.
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BCC shareholders who have their holdings with CSCS have their accounts credited already...even though it still appears side by side with BCC, you cannot trade the BCC anymore (my opinion)
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads |
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If the herd starts running away from a good stock, get ready to run toward it....Warren Buffet |
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AP value traded that crashed it from N250 to N50 was less than 2%. The majority shareholder, Mr Dangote, is not likely to come and buy the stock he sold at a PE of 28x when he has the option to buy another cement company in South Africa with a PE of 5x or so...
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad |
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lack of liquidity would be the major reason this stock would fall, once the dividend is out of the way there'll be nothing to entice buyers
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"Diversification is a protection against ignorance. It makes litte sense to those who know what they are doing" Warren Buffet |
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market orders at 10:53 this morning
Last edited by yemo; 28th April 2011 at 12:13 PM. |
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