Dangote Flour Cement & Refineries

[Stockbear]

Once again we are about to embark on a roller coaster ride with Dangote and his group of companies: From the information given during this interview its obvious that the Dangote group are geared up to play ball outside the shores of Nigeria. If they can pull this off successfully: The rest as they say will be history, and money in the bank for investors.

Dangote Group, in an exclusive interview with Proshare has intimated that there will be IPO's for the following concerns:

DANGOTE FLOUR (in 4 - 6 weeks)

OBAJANA CEMENT (Sept/Oct 2007)

REFINERY businesses (2008).

DSR productivity and profitability to receive boost from new EU rules, which favours DSR

Dangote group to set up shop in Algeria (sugar), Senegal (cement) and South Africa.

See Proshare for full details:

http://www.proshareng.com/myproshare...es.php?id=1123

Can all the gurus in the house please share their knowledge and wisdom about these impending IPO's

[Gengen]

All,

I know this site is not for political issues and I have carefully framed this question to avoid this.

I highly respect Dangote as a businessman. He will be amongst the first three most successful businessmen in Nigeria. However, will the public perception of how the companies he has major interests in "wrongfully or rightfully" acquired Federal government shares in Refineries, Cement company in Benin (Nigeria share in Republic of Benin) during the last days of Obasanjo, affect the public disposition to his companies and therefore affect the business performance of these companies? Do you think he is becoming more controversial everyday?

Your views are welcomed.

[Stockbear]

Gengen: The same controversy that surrounded DSR is same today. Many did not patronize DSR owing to his affiliation with the government and OBJ. But has that affected his business?

Consider Transcorp, prior to the selection (not election) , Transcorp kept a low profile. The moment the selection was concluded they were all over the news saying "Transcorp is here to stay", so the point is if the future of Transcorp is secure, how much more that of Dangote and his companies?

The good thing about all this man know man business, is that at least the money is being kept in Nigeria and not in a swiss bank account. We Nigerians can at the very least share part of their success despite how they acquired said businesses. If we want to raise eyebrows, it should be about who is in power and what they do with such power.

[Gengen]

Stockbear,

Check this link,

http://www.leadershipnigeria.com/pro...oducts_id=7604

I read this article in Leadership and it fully addresses your view. Three key comments raised were:

a. MY BROTHER, this is hi-wire business and politics! Let us leave these deals to them to slug out! The strongest group will win. This type of stuff happens everyday in capitalist economies. I know our commentators will start cursing the parties involved out of hatred, jealousy and frustration. If NITEL and other parastatals were yielding profits, there would not have been any need to sell them. How could you appoint civil servants to manage companies such as NITEL, PH REFINERY, AJAOKUTA ROLLING MILLS e.t.c? and still expect optimal profits and production capacities?

b. Let Dangote buy up what ever he wants to buy, just let the firms work and bring employment to Nigerians.

c. Dangote is not greedy, did he steal anybody's money?. All u see is government thieves everywhere, they are the ones that have money to buy these things, and they can't, because they will be exposed. Apart from Govt. thieves the next set are foreigners (do we continually want to be slaves). So let Dangote buy everything he can, repair them, & employ Nigerians.The only important thing is let this deals be transparent.

Nigeria is gradually becoming a CAPITALIST economy. I believe Stockbear's view is that we should make the best of it, tag along and position our investments wisely, and reap our profits from it. Shekena!!!

[abdulrs]

I share your views there " at least the money is not kept in a swiss bank ". Honestly even in world politics, buisness men of such catergory have to be involved with the government one way or the other. In respective of how these companies were aquired the question is would this organizations do better in the hands of government than this buisnees tycoons? From what we have seen with this guys he is an excellent buisnessman.

[bwalaman]

What is good for Dangote is good for Nigeria... ride the wave.

I fully concur with the Stockbear on this one...

[alanbow]

Not sure if this is a rumour or not, but I have been told from a reliable source that when Dangote Flour hits the market, it will only be available for 2weeks to minimise oversubscription so please get ready.

[Stockbear]

Originally Posted by Gengen

Stockbear,

Check this link,

http://www.leadershipnigeria.com/pro...oducts_id=7604

I read this article in Leadership and it fully addresses your view. Three key comments raised were:

a. MY BROTHER, this is hi-wire business and politics! Let us leave these deals to them to slug out! The strongest group will win. This type of stuff happens everyday in capitalist economies. I know our commentators will start cursing the parties involved out of hatred, jealousy and frustration. If NITEL and other parastatals were yielding profits, there would not have been any need to sell them. How could you appoint civil servants to manage companies such as NITEL, PH REFINERY, AJAOKUTA ROLLING MILLS e.t.c? and still expect optimal profits and production capacities?

b. Let Dangote buy up what ever he wants to buy, just let the firms work and bring employment to Nigerians.

c. Dangote is not greedy, did he steal anybody's money?. All u see is government thieves everywhere, they are the ones that have money to buy these things, and they can't, because they will be exposed. Apart from Govt. thieves the next set are foreigners (do we continually want to be slaves). So let Dangote buy everything he can, repair them, & employ Nigerians.The only important thing is let this deals be transparent.

Nigeria is gradually becoming a CAPITALIST economy. I believe Stockbear's view is that we should make the best of it, tag along and position our investments wisely, and reap our profits from it. Shekena!!!

Gengen: Thanks for sharing this link. I enjoyed reading it and had a good laugh in the process.

[Stockbear]

Originally Posted by alanbow

Not sure if this is a rumour or not, but I have been told from a reliable source that when Dangote Flour hits the market, it will only be available for 2weeks to minimise oversubscription so please get ready.

Alanbow you're a star! Thanks for the heads up! So we've been forewarned everybody get ready!