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Nairaland Forum / Nairaland / General / Politics / Negative Effects Of Dangote Cement Price's Reduction (5036 Views)
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Re: Negative Effects Of Dangote Cement Price's Reduction by smada13(m): 5:40pm On Nov 04, 2014 |
ducii: they still make profit despite the 40% reduction? so you think other competitors are well diversified like dangote? hope you have heard about "the four grid-matrix approach to management" |
Re: Negative Effects Of Dangote Cement Price's Reduction by ducii: 5:45pm On Nov 04, 2014 |
smada13: Wow Dangote is the list Diversified business man I know, check is net worth on bloomberg and check the market capitalisation of his cement company. you will understand what i am talking about. His net worth is marked to the market. Meaning that if something happens to that cement company today he loses over 90% of his net worth. |
Re: Negative Effects Of Dangote Cement Price's Reduction by Blackfire(m): 7:08pm On Nov 04, 2014 |
next year insha amadioha i am moving to my house. pls dont quote me o |
Re: Negative Effects Of Dangote Cement Price's Reduction by smada13(m): 7:09pm On Nov 04, 2014 |
ducii: What??!!! do you know what you are saying?!!! which other group is as diversified as dangote group? with his investment in salt, sugar, wheat meal, semovita and other cereals? spaghetti, macaroni? and his new petroleum investment? are you saying the cement business takes the chunk of the conglomerates? are you kidding me?!!! |
Re: Negative Effects Of Dangote Cement Price's Reduction by omowolewa: 12:59am On Nov 05, 2014 |
Sorry, I'm not in the mode for arguments. Especially, on NL where defending your stand is prioritized over objectivity. About the secondary school? Dangote, his management team and I would be in the same class I think? What a great priviledge?! smada13: |
Re: Negative Effects Of Dangote Cement Price's Reduction by Nobody: 1:14am On Nov 05, 2014 |
How can someone be complaining cos of a reduction in price of a commodity. You better take advantage of the offer in this our unstable economic climate. |
Re: Negative Effects Of Dangote Cement Price's Reduction by Rexnegro(m): 1:33am On Nov 05, 2014 |
smada13:Obviously u re not current, so u don't know that bua cement company has also reduce their cement price to 1k telling dangote that if he can them too can reduce it....waiting for elephant to follow suit or is it bua that produce elephant cement... I stand to be corrected in that regard. |
Re: Negative Effects Of Dangote Cement Price's Reduction by ducii: 10:43am On Nov 05, 2014 |
smada13: It is obvious you do not understand what a diversified portfolio means. over 90% of Dangote's wealth is tied to his Cement business, I already told you go to Bloomberg and see the capitalisation of Dangote cement and compare it to his net worth, you will find out that 90% of his wealth is made up of the Cement Company. Putting it in lay man's term if Dangote cement Disappears from planet earth today, his net worth will reduce by over 90% he might not even be a dollar billionaire anymore, and he will be taken off the Forbes list. I will try and give you a clearer view of what Dangote's position looks like Imagine I have 10 eggs and 10 Baskets of which to store the Eggs, and I put 9 of my 10 Eggs in one basket and spread the remaining 1 egg into nine places and put them in the other 9 baskets. As you can see with my simple illustration above, if anything happens to my basket with the 9 eggs, I am as good as being finished. Because I have Eggs in all my baskets doesn't mean I am well diversified, because 90% of my holdings in Eggs are in one basket. Dangote is one of the undiversified billionaires on that Forbes list. He tried listing Dangote cement on the London Stock Exchange, but he was turned down because of what is called KEY MAN RISK. He owns more than 70% of Dangote cement. I don't Know how to explain this concept to you any more, if you don't get now then I give up |
Re: Negative Effects Of Dangote Cement Price's Reduction by smada13(m): 12:40pm On Nov 05, 2014 |
ducii: lolzz @ your egg and basket explanation.... not that I don't get what you are saying, I just seem not to agree ni...... will check it out on the net later in the evening and I'll make my position known.... well done. |
Re: Negative Effects Of Dangote Cement Price's Reduction by ducii: 12:50pm On Nov 05, 2014 |
smada13: Dangote Cement Market Cap 3,559,591,000,000.59 (That is what Dangote Cement is worth in Naira) Dangote cement is worth N 3.5trillion If you divide that by N 160 you will get $22,247,443,750 (That is what Dangote Cement is Worth in Dollars) Now below is Dangote's Net worth from Forbes Real Time Net Worth $22.6 Billion* |
Re: Negative Effects Of Dangote Cement Price's Reduction by smada13(m): 5:28pm On Nov 05, 2014 |
follow this link and see for yourself the perfect definition of capitalism http://m.tickld.com/x/capitalism-explained-this-is-so-accurate-it-hurts |
Re: Negative Effects Of Dangote Cement Price's Reduction by smada13(m): 5:32pm On Nov 05, 2014 |
ducii: to counter your fact, go through this: http://en.m.wikipedia.org/wiki/Aliko_Dangote |
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