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MarketScreener Homepage  >  Equities  >  NIGERIAN STOCK EXCHANGE,THE  >  Dangote Cement Plc    DANGCEM   NGDANGCEM008

DANGOTE CEMENT PLC

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End-of-day quote. End-of-day quote NIGERIAN STOCK EXCHANGE,THE - 03/22
189.7 NGN   +0.85%
03/20DANGOTE CEMENT : - Focusing On Road Development
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03/05DANGOTE CEMENT : Restates Commitment to Nigeria's Economic Potential
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02/28DANGOTE CEMENT : Sells 23.54 Metric Tonnes of Cement Across Africa
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Dangote Cement : African billionaires shrink from 23 to 20 in 2019

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01/12/2019 | 06:14am EDT

!-- Alhaji Aliko Dangote -- Alhaji Aliko Dangote Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes' annual list of the continent's richest since last year while one returned to the ranks after a four-year absence.

All but four members of the list have smaller fortunes than a year ago. For the eighth year in a row, Aliko Dangote of Nigeria is Africa's richest person.

His estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset. The continent's second richest is Mike Adenuga, also of Nigeria, worth an estimated $9.2 billion.

Adenuga owns Globacom, which is Nigeria's third-largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria and a network of 12,000 cellphone towers. His net worth has climbed dramatically from $5.3 billion in January 2018 as a result of more detailed information provided by him about his assets.

Number three in Africa is diamond heir Nicky Oppenheimer of South Africa. His grandfather founded diamond mining firm DeBeers, which Nicky ran and then sold to mining giant Anglo American for $5.1 billion cash in 2012. He is currently worth an estimated $7.3 billion, down from $7.7 billion a year ago.

Among the few on the list who are richer than a year ago is Strive Masiyiwa of Zimbabwe, worth an estimated $2.3 billion, up from $1.6 billion last year. He's richer due to a rise in the share price of Econet Wireless Zimbabwe and a new investment that boosted the value of his stake in fiber-optic and satellite-services firm Liquid Telecom.

© Pakistan Press International, source Asianet-Pakistan

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Financials (NGN)
Sales 2019 965 B
EBIT 2019 374 B
Net income 2019 278 B
Debt 2019 307 B
Yield 2019 7,31%
P/E ratio 2019 11,61
P/E ratio 2020 10,74
Capi. / Sales 2019 3,65x
Capi. / Sales 2020 3,02x
Capitalization 3 212 B
Chart DANGOTE CEMENT PLC
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Dangote Cement Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 248  NGN
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
Joseph Oyeyani Makoju Group Chief Executive Officer & Director
Aliko Dangote Chairman
Arvind Pathak Chief Operating Officer
Brian Egan Group CFO, Director & Executive Director-Finance
Sani Dangote Non-Executive Director
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