Dangote Sugar

[Apache]

Originally Posted by Taipan

No Apache, it wasn't a mistake. These are the words of the MD, Abdullahi Sule:

See under My Management Style (3rd to last section): The Sun News On-line| Ceo Magazine

Yeah! I see it. My suspicion is that it probably might have been a typo from the newspaper cos the next statement says "we want a 20% improvement in what we did last year". A 20% improvement is close to N27B.
N37B will give a 72% increase over last year.
Anywayz, I think the result is a good one as it was in line with expectations. Unfortunately the market does not think so. We might be looking at a full year dividend N1.8 which for me is good as i might be looking at over 200K in cash (thinking about it puts a smile on my bear beaten face). With the planned, expansion, exports coupled with this ethanol production thingy, the future looks very bright for this company. Might acquire some more at N25.

[chuksnwamara]

Actually the the CEO was refering to PBT of 37B for 2008,a 20% improvemet over a PBT of 31B for 2007 and not PAT.

[Apache]

Originally Posted by chuksnwamara

Actually the the CEO was refering to PBT of 37B for 2008,a 20% improvemet over a PBT of 31B for 2007 and not PAT.

Okay. if that's the case, then it's still achievable.

[Taipan]

Originally Posted by chuksnwamara

Actually the the CEO was refering to PBT of 37B for 2008,a 20% improvemet over a PBT of 31B for 2007 and not PAT.

Thanks. It actually occurred to me after I had made the post that they might have been talking about PBT. I guess I must have gone mad with greed when I started believing that they would make PAT of N37b!

[DRo]

Please has anyone received his/her Dangote Sugar bonus shares either through paper certificate or had his/her CSCS account credited with it?

[tonidol]

Originally Posted by DRo

Please has anyone received his/her Dangote Sugar bonus shares either through paper certificate or had his/her CSCS account credited with it?

U dey there, l was almost asking that question too. Yet to be credited Dangote bonus. Only God knows what is delaying them. Same with FBN Bonus and Eterna Oil Bonus. Apologies na dangote thread l dey.

[tonidol]

I have today been credited with DSR bonus for 31 Dec 2007 FYE

[ikazuagbe]

Hi fellow investors,

has DSR started paying the interim dividend declared to its shareholders.

I'm yet to receive mine.

Lets know whats up.

Thanks and God bless u all.

[ikazuagbe]

I've now been credited by Dangote Sugar for the bonus issue, it has

reflected on my CSCS Account.

[prof]

Please what is the best response to the market at this point. I bought Dangote Sugar at N34 and it has not gone near that price since I entered. Is it wise to buy more at this price? Wait or Just Sell and leak my burnt fingers. I need advice please can anyone help. Please!

[muranay@yahoo.com]

Originally Posted by prof

Please what is the best response to the market at this point. I bought Dangote Sugar at N34 and it has not gone near that price since I entered. Is it wise to buy more at this price? Wait or Just Sell and leak my burnt fingers. I need advice please can anyone help. Please!

If you are a long term investor and you have some cash of your own (not borrowed money), I advise you buy more to leverage because I believe the stock will do well in the nearest future.

[prof]

Thanks! How much time are you looking at weeks, months or days?

[hispy99]

Originally Posted by prof

Thanks! How much time are you looking at weeks, months or days?

except something major happens, yoy are most likely looking at many months and not days.

[compengr]

Hi All,

Abeg I need una direction. I'm outside the shores of Nigeria and it's been almost 1 year that I visited this forum and and I've not paid much attention to the Nigerian stock exchange either until recently to see the blood-bath. This a worldwide bear market and things will correct themselves I believe.

I bought Dangote shares IPO and my certificate has not yet been verified (though I'm now working on it with my broker). Meanwhile I want to ensure that all my dividends aepaid me.

1. First of all though can someone confirm that these are all the dividends and bonus that have been paid (apart from the bonus line, second column is "Interim dividend" while the third is "Final dividend"):

DANGSUGAR 0.4 0 04/20/2007 (First Quarter)

DANGSUGAR 0.4 0 09/31/2007 (Second Quarter)

DANGSUGAR 0.4 0 10/31/2007 (Third Quarter)

DANGSUGAR 0 0.5 3/28/2008

DANGSUGAR 1 for 5 3/28/2008 (Bonus)

DANGSUGAR 0 0.85 8/29/2008

2. Is there any way to automate this thing such that in future it will be paid into an account (CSCS or something like that) instead of having them send out a letter to my broker?

3. Any other information will be appreciated.

Thanks.

[Monwowo]

Originally Posted by ikazuagbe

Hi fellow investors,

has DSR started paying the interim dividend declared to its shareholders.

I'm yet to receive mine.

Lets know whats up.

Thanks and God bless u all.

Got my interim div cheque few days back.

[prof]

They have posted the interim dividend. I recieved mine last week through my postal address and awaiting for it to clear in my account.

[prof]

Originally Posted by compengr

Hi All,

Abeg I need una direction. I'm outside the shores of Nigeria and it's been almost 1 year that I visited this forum and and I've not paid much attention to the Nigerian stock exchange either until recently to see the blood-bath. This a worldwide bear market and things will correct themselves I believe.

I bought Dangote shares IPO and my certificate has not yet been verified (though I'm now working on it with my broker). Meanwhile I want to ensure that all my dividends aepaid me.

1. First of all though can someone confirm that these are all the dividends and bonus that have been paid (apart from the bonus line, second column is "Interim dividend" while the third is "Final dividend"):

DANGSUGAR 0.4 0 04/20