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Dangote Group Delights Investors with High Returns as Stocks Soar

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Aliko Dangote - Investors King
  • Dangote Group Delights Investors with High Returns as Stocks Soar

The four companies under Dangote Group, that are listed on the Nigerian Stock Exchange(NSE) have delivered impressive returns to shareholders in the outgoing year.

Dangote Group has four of its companies listed on the NSE, indicating the magnanimity of the President of the Group, Alhaji Aliko Dangote to allow others to share out of his wealth.

The four companies are: Dangote Cement Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc and NASCON Allied Industries Plc. An analysis of the performance of the companies in 2017 showed that their aggregate value has increased by 39 per cent from N3.082 trillion at the beginning of the year to N4.278 trillion. This also implies that the Dangote Group accounts for 32 per cent of the total value of the nation’s equities market.

Market operators said this indicates that Dangote Group is responsible for over 30 per cent of the growth the equities market is enjoying. While the aggregate growth of the four stocks rose by 39 per cent, a further analysis of each stock showed that investors recorded higher returns at the individual stock level.

For instance, investors in Dangote Sugar Refinery Plc recorded a capital growth of 229 per cent as the stock soared from N6.11, at the beginning of the year to N20.15 as at Wednesday. Similarly, investors in Dangote Flour Mills Plc enjoyed a capital gain of 178 per cent, following a surge in the share price from N4.25 to N11.85, while NASCON Allied Industries Plc fetched investors a return of 115 per cent as the stock rose from N8.50 to N18.34. Dangote Cement Plc recorded a growth of 32 per cent as the equity, which is the most capitalised on the exchange, grew from N173.99 to N230.50.

The companies have been investors’ delight, posting impressive financial results. They recorded improved performance for the nine months ended September 30, 2017. Besides, Dangote Cement Plc has been attracting foreign portfolio investment into the economy.

About $600 million was invested in the stock of Dangote Cement Plc this year. This is not only a vote of confidence in the company but also it signalled confidence in the Nigerian stocks and economy in general.

Meanwhile, the stock market reversed its negative performance on Wednesday to close on a bullish note thursday. The NSE All-Share Index appreciated by 0.27 per cent to close at 37,990.74.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Investment

Saudi Arabia Aims for $80 Billion Tourism Investment to Fuel Vision 2030 Goals

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Saudi Arabia is embarking on a bold venture to attract up to $80 billion in private investment into its burgeoning tourism industry, a move pivotal to realizing its ambitious Vision 2030 objectives.

Tourism Minister Ahmed Al Khateeb unveiled the kingdom’s aspiration during an interview in Riyadh, emphasizing the imperative role of the private sector in spearheading investment endeavors.

With plans to disburse approximately $800 billion on tourism over the next decade, Saudi Arabia is steadfast in its pursuit to diversify its economy and reduce dependency on oil revenues.

Vision 2030 outlines a trajectory for the kingdom to metamorphose into one of the world’s premier tourist destinations, targeting 150 million annual visitors by 2030, a significant portion originating from overseas.

While the government and sovereign wealth fund have historically fueled tourism development, securing substantial foreign direct investment, particularly from the private sector, emerges as paramount in expediting Vision 2030 initiatives.

The kingdom’s fiscal projections, forecasting deficits until 2026, underscore the urgency of engaging private investors to actualize the ambitious tourism blueprint.

Saudi Arabia, having welcomed 100 million tourists in 2023, predominantly domestic travelers, eyes international markets such as India, China, the UK, France, and Germany for tourist influx.

A new program launched by the Ministry of Tourism aims to streamline investment processes, potentially unlocking $11 billion in private investment, bolstering Saudi Arabia’s tourism trajectory and reshaping its economic landscape.

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CBN Unveils Plan to Settle N1.64 Trillion Treasury Bills in Q2 2024

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FG Borrows

The Central Bank of Nigeria (CBN) has announced its strategic approach to managing liquidity and meeting financial obligations by unveiling a comprehensive plan to settle Treasury Bills (TBs) worth N1.64 trillion during the second quarter of 2024.

This initiative, part of the CBN’s Nigeria Treasury Bills Issue programme, aims to regulate the money supply within the economy while effectively managing liquidity dynamics.

According to documents obtained by Investors King, the TBs settlement program is slated to commence on March 7th and conclude on May 23rd, 2024.

The CBN will focus on settling TBs with varying tenors, including N414.29 billion on 91 days, N43.74 billion on 182 days, and a substantial N1.18 trillion on 364 days.

The breakdown of the settlement plan reveals monthly settlements to address maturing TBs. In March, the CBN plans to settle N660.62 billion worth of TBs, followed by N292.17 billion in April and N688.3 billion in May.

Market analysts interpret this move as a testament to the CBN’s commitment to managing financial obligations and maintaining economic stability.

It provides investors with opportunities to engage in short-term financial instruments while contributing to overall liquidity dynamics.

The strategic settlement plan reflects the CBN’s proactive stance in navigating economic challenges and ensuring stability within the financial landscape.

As the apex bank implements these measures, stakeholders will closely monitor their impact on market dynamics and economic indicators, anticipating implications for investment decisions and monetary policy outlooks.

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China’s State-Owned Lenders Allocate $8 Billion to Revitalize Property Market

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General Images Of Residential Property

China’s state-owned lenders have committed a substantial $8 billion in loans to rejuvenate the country’s beleaguered property market, aligning with Beijing’s directives to bolster the sector.

Agricultural Bank of China Ltd. disclosed approving over 40 billion yuan of loans for real estate projects on predefined white lists, signaling a proactive approach towards supporting the housing market’s recovery.

China Construction Bank Corp. also joined the effort, extending 3 billion yuan to five property projects, with plans to greenlight over 20 billion yuan in loans soon.

Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. are among the institutions offering financing assistance, although the exact loan amounts remain undisclosed.

This initiative follows Beijing’s recent call for local authorities to enhance financing support for developers and curate lists of eligible projects.

In response, the big four state lenders pledged to meet reasonable financing demands from developers and projects identified under the coordination mechanism.

However, China’s property market faces challenges despite these measures. New home sales plummeted 34.2% year-on-year, underscoring the ongoing slowdown.

While existing home transactions surged during the Spring Festival holiday, new home sales remained subdued, prompting a cautious outlook among buyers.

The infusion of $8 billion aims to instill confidence and stimulate activity in the property sector, potentially heralding a gradual recovery amid persisting market uncertainties.

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