₦airaland Forum

BabsO2:
It indeed looks like they just need shareholders for the approval and are not looking up to them to source for the money as the money looks like it’s round the corner to just. They seem more interested in PP and not rights. That is the feeling I get. Whoever provides such funds will likely know what they doing.

Olaide1295:
Dangote cement half year results

https://doclib.ngxgroup.com/Financial_NewsDocs/44610_DANGOTE_CEMENT_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

This time last year, DangCem's EPS 11.26 naira and the stock was trading at 600 naira. Now, EPS has improved to 30.74, yet it's trading at les than 500 naira. The market is such a conundrum.

SonofElElyonRet:
These guys relentlessly attacking Ellah just want to crash the price. Their ring leader is the Oando don cast dude who has now loaded Oando and is the chief promoter.. the truth is that all these CEOs and directors always look for a way to make money off their companies and Ellah is no exception.. distasteful I agree but the constant vicious attacks are not borne out of a moral crusade to protect shareholders but to scare holders to sell and crash price so they can buy heavy. They missed the low price and are envious of those sitting in the bus. Anyone who panic sells because of the coming quarterly report is on his own. If you must sell, do so out of conviction and not panic. Also don't come back here to wail if price rallies after you sell. Finally, this same Oando don cast guy made me panic sell 400,000 units of Oando at N29 and immediately afterwards started singing Oando's praise. Do your due diligence. Not financial advice. Just my 2 cents

Olaide1295:
Dangote cement half year results

https://doclib.ngxgroup.com/Financial_NewsDocs/44610_DANGOTE_CEMENT_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

This time last year, DangCem's EPS 11.26 naira and the stock was trading at 600 naira. Now, EPS has improved to 30.74, yet it's trading at les than 500 naira. The market is such a conundrum.

Olaide1295:
Access bank has started again. Another acquisition.

https://nairametrics.com/2025/07/25/access-bank-acquires-76-stake-in-afrasia-bank-to-deepen-international-footprint/

Sunrisepebble:
Cement N30 EPS
NFA/DYOR

Olaide1295:
Dangote cement half year results

https://doclib.ngxgroup.com/Financial_NewsDocs/44610_DANGOTE_CEMENT_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

This time last year, DangCem's EPS was 11.26 naira and the stock was trading at 600 naira.
Now, EPS has improved to 30.74, yet it's trading at less than 500 naira. The market is such a conundrum.

Ginalex:
Who go help us beg Elums for Transpower matter ... Even if nothing wan happen, give us reasonable dividend 🥲🥲

Agbalowomeri:
Bargain hunters take note

Note don take Bargain hunters

gabscity:
Olohun, egbon yi o gbadun rara o...

Sunrisepebble:
Cement N30 EPS
NFA/DYOR

Sunrisepebble:
The result was not good enough to justify the price, that’s why the stock was on full offer for months, it was being pushed up by Otedola’s buying, whose objective is different to ours. I think now it’s due for a re-rating. With 10x EPS and 90% payout ratio, it should be a N600 stock

Ginalex:
Who go help us beg Elums for Transpower matter ... Even if nothing wan happen, give us reasonable dividend 🥲🥲

megawealth01:
Let me drop a good comparison between the three (3) cement giants...

Company Overview

Dangote Cement is the largest cement producer in Nigeria and Sub-Saharan Africa. It is a subsidiary of the Dangote Group, founded by Aliko Dangote. With a focus on dominating the African market, it operates massive plants in Obajana, Ibese, and Gboko.

BUA Cement is a rapidly growing Nigerian cement company under the BUA Group, led by Abdul Samad Rabiu. Though younger than Dangote Cement, BUA has quickly grown through strategic plant expansion in Sokoto and Okpella.

Lafarge Africa, formerly Lafarge WAPCO, is backed by the Swiss-based Holcim Group. It has a long history in Nigeria and focuses heavily on sustainability and innovative cement solutions, with plants in Ewekoro, Sagamu, Ashaka, and Mfamosing.

Production and Market Reach

Dangote Cement has the highest installed production capacity in Nigeria, estimated at over 35 million metric tons annually. It also exports to more than 10 African countries and enjoys economies of scale.

BUA Cement has approximately 11 million metric tons of annual capacity, focusing mainly on the Nigerian market, though it is beginning to export.

Lafarge Africa has about 10.5 million metric tons of installed capacity. Its export capacity is relatively limited, and its focus is more on deepening local market penetration with eco-friendly cement products.

Financial Performance (2024)

Dangote Cement is by far the most profitable. In 2024, it generated over ₦2.2 trillion in revenue and over ₦390 billion in profit after tax. Its earnings per share (EPS) stood at around ₦22.27, and it paid a dividend of ₦30 per share.

BUA Cement earned around ₦460 billion in revenue and ₦88 billion in net profit. Its EPS was about ₦2.61, with a dividend payout of ₦2.00 per share. Despite its rapid growth, its dividend yield remains relatively modest due to its higher valuation.

Lafarge Africa earned approximately ₦405 billion in revenue and ₦51 billion in profit. EPS was around ₦3.17, and the company also declared a ₦2.00 dividend. It trades at a lower P/E ratio than BUA and Dangote, making it a potential value stock.

Stock Market Standing (as of July 2025)

Dangote Cement remains the most valuable publicly listed company in the cement sector with a market capitalization of over ₦6 trillion. Its share price hovers around ₦490.

BUA Cement’s market cap is about ₦2.3 trillion, with a share price around ₦132. It is seen as a growth stock with strong future potential.

Lafarge Africa is the smallest among the three in market value, standing at roughly ₦400 billion, with a share price in the ₦125 range.

Strategic Focus

Dangote Cement emphasizes dominance through scale, logistics efficiency, and regional exports. Its large integrated plants and wide distribution network give it significant leverage.

BUA Cement focuses on internal growth and efficiency. It has been aggressively expanding, commissioning new lines and power infrastructure to cut costs.

Lafarge Africa, under the global Holcim umbrella, emphasizes sustainability, waste recycling, and green cement technologies. Its Geocycle initiative is one of the most advanced waste-to-energy solutions in the industry.

Strengths and Weaknesses

Dangote Cement’s main strength is scale and profitability, but its large exposure to Nigeria and currency risks are concerns. BUA Cement’s strength lies in fast growth and strategic execution, though its high valuation may limit upside for investors in the short term. Lafarge Africa’s core strength is its alignment with global ESG trends and Holcim’s technical support, but its smaller scale and weaker recent margins are limitations.


My Thoughts

Dangote Cement is best suited for investors seeking stability, large dividends, and African regional exposure.

BUA Cement is ideal for those betting on long-term growth in Nigeria’s infrastructure and industrial sectors.

Lafarge Africa appeals to ESG-conscious investors and value seekers who want a more balanced, sustainable cement player.

Sunrisepebble:
I bought the tradeable rights at N11, I could not get all the units I wanted though

megawealth01:
Let me drop a good comparison between the three (3) cement giants...

Company Overview

Dangote Cement is the largest cement producer in Nigeria and Sub-Saharan Africa. It is a subsidiary of the Dangote Group, founded by Aliko Dangote. With a focus on dominating the African market, it operates massive plants in Obajana, Ibese, and Gboko.

BUA Cement is a rapidly growing Nigerian cement company under the BUA Group, led by Abdul Samad Rabiu. Though younger than Dangote Cement, BUA has quickly grown through strategic plant expansion in Sokoto and Okpella.

Lafarge Africa, formerly Lafarge WAPCO, is backed by the Swiss-based Holcim Group. It has a long history in Nigeria and focuses heavily on sustainability and innovative cement solutions, with plants in Ewekoro, Sagamu, Ashaka, and Mfamosing.

Production and Market Reach

Dangote Cement has the highest installed production capacity in Nigeria, estimated at over 35 million metric tons annually. It also exports to more than 10 African countries and enjoys economies of scale.

BUA Cement has approximately 11 million metric tons of annual capacity, focusing mainly on the Nigerian market, though it is beginning to export.

Lafarge Africa has about 10.5 million metric tons of installed capacity. Its export capacity is relatively limited, and its focus is more on deepening local market penetration with eco-friendly cement products.

Financial Performance (2024)

Dangote Cement is by far the most profitable. In 2024, it generated over ₦2.2 trillion in revenue and over ₦390 billion in profit after tax. Its earnings per share (EPS) stood at around ₦22.27, and it paid a dividend of ₦30 per share.

BUA Cement earned around ₦460 billion in revenue and ₦88 billion in net profit. Its EPS was about ₦2.61, with a dividend payout of ₦2.00 per share. Despite its rapid growth, its dividend yield remains relatively modest due to its higher valuation.

Lafarge Africa earned approximately ₦405 billion in revenue and ₦51 billion in profit. EPS was around ₦3.17, and the company also declared a ₦2.00 dividend. It trades at a lower P/E ratio than BUA and Dangote, making it a potential value stock.

Stock Market Standing (as of July 2025)

Dangote Cement remains the most valuable publicly listed company in the cement sector with a market capitalization of over ₦6 trillion. Its share price hovers around ₦490.

BUA Cement’s market cap is about ₦2.3 trillion, with a share price around ₦132. It is seen as a growth stock with strong future potential.

Lafarge Africa is the smallest among the three in market value, standing at roughly ₦400 billion, with a share price in the ₦125 range.

Strategic Focus

Dangote Cement emphasizes dominance through scale, logistics efficiency, and regional exports. Its large integrated plants and wide distribution network give it significant leverage.

BUA Cement focuses on internal growth and efficiency. It has been aggressively expanding, commissioning new lines and power infrastructure to cut costs.

Lafarge Africa, under the global Holcim umbrella, emphasizes sustainability, waste recycling, and green cement technologies. Its Geocycle initiative is one of the most advanced waste-to-energy solutions in the industry.

Strengths and Weaknesses

Dangote Cement’s main strength is scale and profitability, but its large exposure to Nigeria and currency risks are concerns. BUA Cement’s strength lies in fast growth and strategic execution, though its high valuation may limit upside for investors in the short term. Lafarge Africa’s core strength is its alignment with global ESG trends and Holcim’s technical support, but its smaller scale and weaker recent margins are limitations.


My Thoughts

Dangote Cement is best suited for investors seeking stability, large dividends, and African regional exposure.

BUA Cement is ideal for those betting on long-term growth in Nigeria’s infrastructure and industrial sectors.

Lafarge Africa appeals to ESG-conscious investors and value seekers who want a more balanced, sustainable cement player.

Sunrisepebble:
Wapco is N2 trillion market cap not N400bn

megawealth01:
Let me drop a good comparison between the three (3) cement giants...

Company Overview

Dangote Cement is the largest cement producer in Nigeria and Sub-Saharan Africa. It is a subsidiary of the Dangote Group, founded by Aliko Dangote. With a focus on dominating the African market, it operates massive plants in Obajana, Ibese, and Gboko.

BUA Cement is a rapidly growing Nigerian cement company under the BUA Group, led by Abdul Samad Rabiu. Though younger than Dangote Cement, BUA has quickly grown through strategic plant expansion in Sokoto and Okpella.

Lafarge Africa, formerly Lafarge WAPCO, is backed by the Swiss-based Holcim Group. It has a long history in Nigeria and focuses heavily on sustainability and innovative cement solutions, with plants in Ewekoro, Sagamu, Ashaka, and Mfamosing.

Production and Market Reach

Dangote Cement has the highest installed production capacity in Nigeria, estimated at over 35 million metric tons annually. It also exports to more than 10 African countries and enjoys economies of scale.

BUA Cement has approximately 11 million metric tons of annual capacity, focusing mainly on the Nigerian market, though it is beginning to export.

Lafarge Africa has about 10.5 million metric tons of installed capacity. Its export capacity is relatively limited, and its focus is more on deepening local market penetration with eco-friendly cement products.

Financial Performance (2024)

Dangote Cement is by far the most profitable. In 2024, it generated over ₦2.2 trillion in revenue and over ₦390 billion in profit after tax. Its earnings per share (EPS) stood at around ₦22.27, and it paid a dividend of ₦30 per share.

BUA Cement earned around ₦460 billion in revenue and ₦88 billion in net profit. Its EPS was about ₦2.61, with a dividend payout of ₦2.00 per share. Despite its rapid growth, its dividend yield remains relatively modest due to its higher valuation.

Lafarge Africa earned approximately ₦405 billion in revenue and ₦51 billion in profit. EPS was around ₦3.17, and the company also declared a ₦2.00 dividend. It trades at a lower P/E ratio than BUA and Dangote, making it a potential value stock.

Stock Market Standing (as of July 2025)

Dangote Cement remains the most valuable publicly listed company in the cement sector with a market capitalization of over ₦6 trillion. Its share price hovers around ₦490.

BUA Cement’s market cap is about ₦2.3 trillion, with a share price around ₦132. It is seen as a growth stock with strong future potential.

Lafarge Africa is the smallest among the three in market value, standing at roughly ₦400 billion, with a share price in the ₦125 range.

Strategic Focus

Dangote Cement emphasizes dominance through scale, logistics efficiency, and regional exports. Its large integrated plants and wide distribution network give it significant leverage.

BUA Cement focuses on internal growth and efficiency. It has been aggressively expanding, commissioning new lines and power infrastructure to cut costs.

Lafarge Africa, under the global Holcim umbrella, emphasizes sustainability, waste recycling, and green cement technologies. Its Geocycle initiative is one of the most advanced waste-to-energy solutions in the industry.

Strengths and Weaknesses

Dangote Cement’s main strength is scale and profitability, but its large exposure to Nigeria and currency risks are concerns. BUA Cement’s strength lies in fast growth and strategic execution, though its high valuation may limit upside for investors in the short term. Lafarge Africa’s core strength is its alignment with global ESG trends and Holcim’s technical support, but its smaller scale and weaker recent margins are limitations.


My Thoughts

Dangote Cement is best suited for investors seeking stability, large dividends, and African regional exposure.

BUA Cement is ideal for those betting on long-term growth in Nigeria’s infrastructure and industrial sectors.

Lafarge Africa appeals to ESG-conscious investors and value seekers who want a more balanced, sustainable cement player.

megawealth01:
You really missed sha. You mean you lost such volume because of mere rants here? I sold my ONE OF MY BATCHES OF OANDO at 80+ and a good number at 90 region sha. Many times you just have to be strategic even if you want to sell ooooo

Back then I read rants here and simply ignore until some persons started acting kiddish

Selling at once not my thing sha

megawealth01:
This TRANSCORP matter made me to stay away from POWER as I don't have PATIENT FUNDS for POWER

If POWER can come down to sub 200 I will consider sha

megawealth01:
ALHAJI CEMENT is upto something interesting..
The days ahead should be interesting

Omooloriredade:
Ellah’s journey on NSEMPA these past few weeks or months:
• Ellah was an audio farm until it was not.
• Ellah is now a small garden. Wait till you find out it’s not a show stopper.
• Directors’ loans were converted to equity because Ellah couldn’t repay them.
• Directors’ will flood the market with the shares so they could recover their funds until they did not.
• Ellah won’t pass N4 until is got to N5. Then offers are coming at N5 for sure until it got to N7.
• CEO wants to raise money, steal it then japa. Both the thought process and conclusion are ridiculous. @Street that was an emotion-laden post. Too much energy, passion and aggression. You could even be sued for libel

ALL false, misleading, fallacious and irrational considering the facts.

I often remind myself and always tell my friends never to react through emotions as you are likely to not make the best decisions and say or do something embarassing. Stop, think, analyse the situation then decide on what to do. This is applicable in all facets of life. You’re most likely going to get a better outcome than from an emotional outburst.

• Before you respond to that email or text message. Think and think again.
• Before to respond to your partner or parents, think and think again.
• Before you react to poor service or bad attitude, think and think again.
• When in a difficult situation, don’t act impulsively. Think and think again.

Develop critical thinking and analysis. Learn to put together a series of logical or rational thoughts and derive your conclusions or judgement from them.

Where there are unknowns, leave room for benefit of doubt and mitigate risks. It is what a wise person would do.

A few points I believe the rest of the market knows and consider as facts:

- Details of director loans is in the audited report.
- Management is not REALLY interested in retail buying shares. They have been busy with equity conversions at every opportunity. All facts point to this.
- Directors are converting portion of their salaries to shares.
- They have also created an opportunity for themselves to acquire more cheap shares by seeking approval to convert fresh loans to equity up till EGM date (future dated loans up to 25th July 2025).
- Management has signified intention to ACQUIRE another entity NOT to be acquired themselves. What is ambiguous about this? Why do people go an extra length to confuse themselves?
- According to the Arise TV interview, there were looking to acquire on terms that will be favourable and aligned with their growth strategy.
- Ellah is looking to raise UP TO N250B via several means and at times to be determined by the board. It is expected that this will generate questions.

Questions:
- Why would a small company like Ellah want to raise that much?
- How do they intend to achieve this?
- Do they have sophisticated investors, foreign portfolio investors or venture capitalists waiting in the wings?
- What would they do with the money?
- How about the dilution to the register or impact on share structure? Will they be looking to address this in the future via a share reconstruction or what?

Management did indicate they were in discussions to acquire an entity.
- How big is this entity?
- Is that what the N250B would be used for?
- Who are the potential targets?
- Can this be likened to acquisitions that eventuated in the past eg STB vs UBA?

Pure Speculation territory now as I am also left scratching my head on what the N250B would be used for:

Wilmar international is now the sole owner of PZ Wilmar after PZ divested their 50% holding of the later for $70M (c. N105B) consideration. 100% of PZ Wilmar is about N210B. Could this be the target entity?

Wilmar’s plan post exit of PZ Cussons:
“However, we recognise the importance of having strong local partnerships in the markets where we operate and will be looking for a suitable local partner for the business.”

ALL in my opinion. I could be sincerely wrong.

unite4real:
Based on the H1 results of the 3 cement companies, WAPCO still has the least PE ratio on an annualized eps.
Still the cheapest

yMcy56:
Mega, the loan conversion was done way back @N2.80 nah.......when Ellah was trading at around N3...
I can even remember posting it here....

Whosoever believes in ELLAHLAKES should go for it and wait patiently....
Anyone that doesn't have confidence in the management or the company, then exit door is very open on the secondary floor.
Make dem no start this ELLAH troubles here again o

ositadima1:
I didn’t listen to the AGM—I’ll do so later. But my question is: are these other guys, like JideFlash and KarlTom, stupid for reporting that the resolution vote happened today? Or is it now the new normal for a conversion that was supposedly done long ago—according to you—to just be getting a resolution today from EllahLakes? The way you defend stocks sometimes is honestly funny. But hey, keep doing you.