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DANGOTE VS DANGOTE==> HIS COMPANIES SHARE PRICES ON A DAY HE IS NAMED 43rd RICHEST MAN IN THE WORLD


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It is no longer news that Forbes today (March 5, 2013) announced Dangote as worlds 43rd richest man and the richest man in Africa. He is said be worth about $16.1billion (March 2013) an increase of  43.75% from the $11.2billion about  a year ago. But how has his companies (quoted ones) faired today and how […]

DANGOTE VS DANGOTE==> HIS COMPANIES SHARE PRICES ON A DAY HE IS NAMED 43rd RICHEST MAN IN THE WORLD

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Why dumping the food business makes economic sense for Dangote

It is no longer news that Forbes today (March 5, 2013) announced Dangote as worlds 43rd richest man and the richest man in Africa. He is said be worth about $16.1billion (March 2013) an increase of  43.75% from the $11.2billion about  a year ago. But how has his companies (quoted ones) faired today and how have they faired in the last one year?

Well, here it is;

TODAY MARCH 5, 2013

 

Dangote Cement

Dangote Cement

As you can see, the share pice lost N4 (2.76%) today

Dangote Sugar

Dangote Sugar

Dangote Sugar remained largely flat loosing just N0.01 or 0.13%

Dangote Flour Mills

Dangote Flour

Dangote Flour mills suffered the most loss percentage wise loosing 3.75% today

ONE YEAR TO DATE

Dangote Cement

YTD Dangote Cement

Dangote Cement has a year to date return of 42.94% as the share price was about N98.64 a year before compared to N141 today

Dangote Sugar

YTD Dangote Sugar

Dangote Sugar rose 113.33% from N3.75 last year to N8 today

Dangote Flour Mills

YTD Dangote Flour

Dangote Flour Mills rose 120.7% from N4.1 to N9.05

 

Source: From Bloomberg





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