Dangote The Hand In Many Nigerian Business Pies!

[oseitutu]

Fellow members, you must have noticed how the Man, ?the myth Aliko Dangote has bulldozed into the Nigerian Equity Arena. Cement, Sugar, Salt and other sectors.....Oil, IT, Agro Sacks, Pasta, Transport, Port Operations, Flour. What effect is he likely to have on Nigeria? Will he now have an effect akin to Warren Buffet? Will the market shiver if he has common cold? I am watching that space with great apprehension. The most recent is the NASCON drama of recent memory! Dangote Group is taking Nigeria by storm!

[olusolakemmy]

any businss manage by one man (one man show) cannot stand the test of time.
i am sure dangote is operating a group such that in the event of sudden occurencies that will warrant his absence, someone with good managerial skill will step in. The only thing is that such person will have to establish a name for himself.

dangote is different from warren buffet, dangote is an industrialist who owns lot of companies, do business with borrowed funds and take too many risk. The thing is that he is veryyyyyyyyyyyy lucky that everything he laids his hands on, is a success, however, we must mentioned that goverment policies are sometime frame to favour him.

Warren buffet on the other hand study companies activities, goverment policies and invest in such companies that he feels will do well overtime. hE DOESNT DO DEBT OR LOAN, he doesnt involve directly.

Dangote pays thousand of people salary while warren doesnt!!!!!!!!!

[oseitutu]

I used the analogy only to insinuate the relevance/how important he is beggining to become in our stock market. Just like say Alan Greenspan. (Unfortunately I do not know any industrialists to compare him to....okay maybe the owner of CNN). One thing however is that Dangote does buy companies and I must tell you that to be lucky, you need to work hard for it. Dangote does!

[Lidris]

Na wa o for dis man, i hope he takes us 2 another level with his flour and cement. Good luck to him and us investors.

[alanbow]

I will probably compare him to Richard Branson in the UK, however as mentioend above government regulations can work in his favour sometimes.

But I am not sure luck is what I will call his midas touch. If you have read a book called the richest man in babylon, there was a discussion about luck and it was defined as preparedness meeting opportunity.

The guy is working hard and surrounding himself with sharp people who have a good business pedigree and of course using a bit of the Nigerian factor.

All maverick business monguls around the world do it.

[olusolakemmy]

further more warren buffet do his thing in america where goverment policies dont change over night.

i think in away dangote affect his immediate society more than warren!!!!!!!!!
what do u all think????????????????

but i asked myself, if dangote is an american wh does his business in america, will he be this rich?
consider the fact that, u can hardly enjoy monopoly in any sector of american econoMY, in my opinion, such benefit contribute greatly to his wealth, am i wrong?

In american has a more stable economy, so they hardly make millions or billions overnight.

Enough comparison, both dangote and warren buffet have contributed to my business idea, zeal and ambition

[oseitutu]

Originally Posted by olusolakemmy

...but i asked myself, if dangote is an american wh does his business in america, will he be this rich?
consider the fact that, u can hardly enjoy monopoly in any sector of american econoMY, in my opinion, such benefit contribute greatly to his wealth, am i wrong?

In american has a more stable economy, so they hardly make millions or billions overnight....

There is Monopoly in America joo. The oil and amunition guys have had a field day since Bush got into office. Haliburton and Lockheed and others.

If he is American, he will simply do what he is doing the American way. Look at Ted Turner, look at Bill Gates.

[olusolakemmy]

bILL GATE own is different in the sense that hes got competetor, and they are trying to meet up, but the microsoft empire refuse to remain on the spot, hence they find it difficult to meet up.

[olusolakemmy]

any which way, i said enough of comparison, the young man has made name for himself and generation unborn.
Am happy he is a nigerian, i have also learn lots from him that money can be made in billions in Nigeria

[oseitutu]

[Gengen]

I believe that the respect (or some will say fear) of Dangote is the beginning of investment in Nigerian fast growing growing Capitalist economy. I highly respect successful Nigerian businessmen. If a person can be highly successful in a "Jaga Jaga" business environment, that is,

• Manage his power (electricity) needs
• Generate your own water
• Have your own security
• Pay lawful and UNLAWFUL taxes to Federal, State, Local govt, Community, Women's group, Youth, Road 'Police protection' costs, 'discuss' with politicians for their continued support, etc

and lastly

• Achieve all these and still pay dividend to you and I, (setting comfortably in our houses), for investing in the business

If a successful Nigerian operates in same good environment as the Richard Bransons operate, we will knock them flatly. As we say, they will not see our tail lights.

What we just need are regulations, which should be enforced without preferencial treatment to some people. These regulations should:

• Allow free entry into a market
• Allow competition, not MONOPOLY
• Transparency in business dealings

If all these are available, it would be wonderful to watch

• The Dangotes, Otedolas, Adenugas etc. competing against each other (Happened recently when Adenuga 'beat' Dangote to an Oil block)
• The Elemelus (UBA), Ovia (Zenith), Cecilia Ibru (Oceanic), Soludos (CBN), Erastus Akingbola (Intercontinental), etc. controlling the banking sector and giving their financial backing to these people
• The foreign investors seeing us growing and also putting their cash in despite 'negative reporting' in their media
• Good Nigerian focused financial analysis websites (StockMasterNigeria, Proshare, Stockwatch, IBTC, FSDH, Cashcraft etc) with serious analysts (all of us) carefully tracking their moves with our increased networking and investing wisely based on analysis, making them stay on their toes.

Nigeria is still on level 3 (assuming 10 levels) on the Capitalist ladder. We are experiencing our teething problems. With the dexterity, ruggedness, sagacity, ingenuity etc. of an average Nigerian, we will climb this ladder and succeed with FULL MARKS.

[oseitutu]

Originally Posted by Gengen

....

What we just need are regulations, which should be enforced without preferencial treatment to some people. These regulations should:

• Allow free entry into a market
• Allow competition, not MONOPOLY
• Transparency in business dealings

......

For monopoly to be eliminated partially, (it can not be completely eliminated-my view), the so called potential competitors must meet up to some minimum standard that will make it obvious to the regulators that they (the new competitor) will be able to keep close to the standards set by the monopoliser. If nobody is up-coming, monopoly will continue.

Transparency is good, but must be treated with caution. How open can you be? Will you let your enemy know that you have diarrhoea, so that he will plan his attack? There still has to be business secrets. Depending on the country, it may be to fund a campaign, or to attend a big man's son's wedding or to donate to a club. The real motive will never be made public. A decent example is the NASCON sale of shares. Why did Dangote not sell it at the going market price over a few weeks? He could have made tons of cash....at least 20% more. Why did SEC allow one man in the first place to own 95% of a quoted company? We may never know. These things happen all over the world. Just like every tribe has its own beat, different tribes also have their own dance steps.

I agree with you that we are heading for gold. We have to keep the faith.

[ajifowowe adeyemi]

So far your discussions are lovely and well attended to, however, I feel it would not be complete if nobody tries to mention any of Dangote's system in the NSE.
I would like to know the idea behind DSR's falling or unstable price in the market inspite of the fact that a good percentage of his certificate is pending verification (I stand corrected). I seem tired and making up my mind on DSR as soon as they are verified not withstanding the 'kobo kobo' dividends promised quarterly.
Or do we conclude that they are trying to mentain a peak lower that #40 and triple our units of stocks in the order of FBN plc?

[oseitutu]

Coolu temper! DSR is trying to stablilise, however, as people get their certificate verified, some sell and some buy. At the moment the field is not stable because we do not have a definite number. When all those that buy IPO to sell sell, and those that are in to keep certificates keep them in their bottom beds, then DSR will give you a more predictable curve. The kobo-kobo dividends you are talking about would be 1.55 million if you bought one million units at his IPO! No be wad? I think we should let things settle a bit before we kill a cash cow. Hold DSR for another year. You can sell at its next peak.....if you like!

[ajifowowe adeyemi]

Thank you Oseitutu. I will give it a coooooool attention.

[alanbow]

The man defends himself and details the hurdles he had to go through to get his hands on the different pies.

http://www.sunnewsonline.com/webpage...7-2007-001.htm

[c kenneths]

A personal wish, I wish all sensitive sectors of the Nigerian economy will be handed over to Dangote to run, since he has made a success of running all his business, we should allow him buy up all our troubled companies, PHCN, NIPOST, WATER BOARDS, ROAD MANAGEMENT, to name a few.

If this guy can help us buy up all these comatose companies and run them his way, maybe we can even boast of stability in our infrastructural development. Let him buy up the whole country since he is the only man with any inkling of good business management in this country, since he did'nt loot this nation blind and dump the cash in one Swiss bank account, only for foreigners to use our money to grant cheap loans to their own companies for expansion and research, while we wallow in abject poverty.

If anyone here can get in touch with this guy, tell him we are tired of government promises, we need Dangote action!

Note; this is only a personal wish, contributions are welcome.

[Yusuf]

As anybody think about having 10 of the likes of Dangote in our country today doing what he is doing currently? This country would have been haven for more foreign investors by now. What those guy outside look at is the involvement of the people in their own economy and govt policies.

To me, the rest of those other rich guys need to emulate him and domicile their investment in this country for others to benefit either directly or indirectly.

He once said it that he did not take Dangote Sugar to public because he needed money, but rather for others to share from the wealth the Dangote Group is creating or has created. Thus, the payment of that first dividend even when the proceed of the IPO has not been put into use. I believe him and pray that God should give us his type more in this country.

[alanbow]

We seem to be our own worst enemy in this country.

What a shame Dangote et al are pulling out of the PH refinery deal

http://www.thisdayonline.com/nview.php?id=84005

[fehintola]

a quick insight into who warren buffet is. any1 pls?