Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter - Business (2)

Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter (3112 Views)

Poll: We believe in Dangote Refinery and will buy more shares in the IPO

Yes..I will use the 2 weeks extension of the IPO to buy more 30% (4 votes)

Yes. But buy once the shares start trading on NGX 23% (3 votes)

No. Use your money and buy Food or Fuel! 46% (6 votes)

This poll has ended

1 2 Reply (Go Down)

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by Ankakh: 8:17am On Oct 13

malali:
EBITDA is not profit, and profit is not cash in the bank. Dangote's $5.5 billion headline sounds impressive, but it excludes interest, taxes, depreciation and amortization, and says nothing by itself about capital expenditure, debt repayments or free cash flow.

A refinery of this scale is still in its early operating phase; record margins and high throughput today do not prove it can sustain those economics through a full market cycle. We need audited results, several consecutive quarters of net profit and positive free cash flow before declaring victory.

Investors are buying a business, not a billionaire's projections. Show us the cash left after the bills, the debt and the reinvestment, not just the EBITDA used to sell the IPO.

This part. That statement was part of the share sale presentation, so basically, it's a pitch to more subscribers. And most subscribers are actually buying the "billionaire's projections".

Audited results over a few consecutive quarters will show the true picture. Not to talk of the potential unravelling from the geopolitical arena.

1 Like

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by malali: 8:40am On Oct 13

Ankakh:
This part. That statement was part of the share sale presentation, so basically, it's a pitch to more subscribers. And most subscribers are actually buying the "billionaire's projections".

Audited results over a few consecutive quarters will show the true picture. Not to talk of the potential unravelling from the geopolitical arena.

I concur.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by NwokoloOwa: 8:47am On Oct 13

Benwallt:
Did anybody stop your father from building his own refinery and enjoy government too?

The typical STUPID and DULL reasoning that has held our nation down for years.

Same Dangote that complies with the strict conditions on first giving back to citizens of other African countries where he is operating. No international pricing, no dollar pricing bla bla, bla, nothing. But when it comes here, it's madness

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by NwokoloOwa: 9:00am On Oct 13

AbuAeesha:
Why not build your own business and apply the absolute best idea 😟

.

The typical STUPID and DULL reasoning that has held our nation down for years.

I have my own thriving career and business built with no government support or undue advantage. Just sheer hard work.

Same Dangote that complies with the strict conditions on first giving back to citizens of other African countries where he is operating. No international pricing, no dollar pricing bla bla, bla, nothing. But when it comes here, it's madness

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by mikeapollo: 9:08am On Oct 13

mactoni91:
This man is really enjoying Bola government.

Bola really made Nigeria too easy for him to milk.

Did government build the refinery for him?
You should be thanking God that Dangote built a refinery in Nigeria....this govt would have been selling petrol at N2,500 or or more per liter without the refinery

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by enemyofprogress: 11:10am On Oct 13

Now that I'm a chair holder in this company, Dangote should not be talking anyhow without consulting me and other chair holders.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by freenature: 12:41pm On Oct 13

Image123:
Make baba do give away na.
The things with Nigeria ehn, we no dey respond to classroom economics. If prices like, make e fly, demand no dey drop.

You like awoof, you don forget wetin una government dey take him eye see.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by Benwallt(m): 3:13pm On Oct 13

NwokoloOwa:
The typical STUPID and DULL reasoning that has held our nation down for years.

Same Dangote that complies with the strict conditions on first giving back to citizens of other African countries where he is operating. No international pricing, no dollar pricing bla bla, bla, nothing. But when it comes here, it's madness

What stops your father from doing same. What your generations yet unborn is what you're using 50mb operamini data to castigate due to your ignorance.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by BJanta: 4:54pm On Oct 13

MCentral:
https://moneycentral.com.ng/markets/article/dangote-says-refinerys-ebitda-tops-5-5-billion-signals-record-third-quarter/I'm

Thank GOD I'm a shareholder by 300 units. Thank GOD, amen.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by AbuAeesha: 7:52pm On Oct 13

NwokoloOwa:
.

The typical STUPID and DULL reasoning that has held our nation down for years.

I have my own thriving career and business built with no government support or undue advantage. Just sheer hard work.

Same Dangote that complies with the strict conditions on first giving back to citizens of other African countries where he is operating. No international pricing, no dollar pricing bla bla, bla, nothing. But when it comes here, it's madness

Dangote is a business man and not government or father Christmas that dish out free gifts/money

If you have problem with the way he runs his business then set up yours and do as you wish, simple!

FYA,he is that largest (privately owned business) employer of labour in the country.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by NwokoloOwa: 9:24pm On Oct 13

AbuAeesha:
Dangote is a business man and not government or father Christmas that dish out free gifts/money

If you have problem with the way he runs his business then set up yours and do as you wish, simple!

FYA,he is that largest (privately owned business) employer of labour in the country.

Go and read about the Robin Hood Business Strategy so you can see how cartels that feed on government patronage or even outright criminal cartels employ the largest number of citizens in legitimate businesses.

So employing people has nothing to do to Dangote's monopolistic and dangerous style of business.

We are talking of natural resources which is typically treated differently from other businesses because it is a common wealth by nature.

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by MCentral(op): 2:19am On Oct 14

malali:
EBITDA is not profit, and profit is not cash in the bank. Dangote's $5.5 billion headline sounds impressive, but it excludes interest, taxes, depreciation and amortization, and says nothing by itself about capital expenditure, debt repayments or free cash flow.

A refinery of this scale is still in its early operating phase; record margins and high throughput today do not prove it can sustain those economics through a full market cycle. We need audited results, several consecutive quarters of net profit and positive free cash flow before declaring victory.

Investors are buying a business, not a billionaire's projections. Show us the cash left after the bills, the debt and the reinvestment, not just the EBITDA used to sell the IPO.

Here u go:

"Dangote Petroleum Refinery and Petrochemicals FZE swung to a profit after Africa’s biggest oil-processing facility reached full capacity and as it undertakes the continent’s largest initial public offering to date.

Net income in the nine months through Sept. 30 surged to $4.725 billion from a loss a year earlier, the Lagos-based company said in a statement Tuesday.

The company ended the period with cash balances of $6.6945 billion and a net cash position of $650.8 million, compared with $1.7 billion of debt a year earlier."

https://moneycentral.com.ng/markets/article/dangote-refinery-9-months-net-profit-surges-to-4-725-billion-ahead-of-ipo/

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by AbuAeesha: 6:41am On Oct 14

NwokoloOwa:
Go and read about the Robin Hood Business Strategy so you can see how cartels that feed on government patronage or even outright criminal cartels employ the largest number of citizens in legitimate businesses.

So employing people has nothing to do to Dangote's monopolistic and dangerous style of business.

We are talking of natural resources which is typically treated differently from other businesses because it is a common wealth by nature.

Good, you called his business style dangerous and monopolistic....I am not challenging that.

My concern has been,what is stopping you from creating your own business and then correct the wrongs in the system??

Is Dangote the only business man in the country??
Is he stopping others from establishing their own companies/businesses??

Any product that Dangote manufactures, there is always somebody making similar things. Even the refinery, is he the first to own and manage a refinery in Nigeria??

Oga, open your own company and correct the wrongs simple!!

1 Like

Re: Dangote Says Refinery’s EBITDA Tops $5.5 Billion, Signals Record Third Quarter by NwokoloOwa: 8:53am On Oct 14

AbuAeesha:
Good, you called his business style dangerous and monopolistic....I am not challenging that.

My concern has been,what is stopping you from creating your own business and then correct the wrongs in the system??

Is Dangote the only business man in the country??
Is he stopping others from establishing their own companies/businesses??

Any product that Dangote manufactures, there is always somebody making similar things. Even the refinery, is he the first to own and manage a refinery in Nigeria??

Oga, open your own company and correct the wrongs simple!!

Anyone who really wants to create an enduring and egalitarian society should not be thinking the way you are thinking. It's not good pls.

Several big companies get punished for monopolistic tendencies in other to protect consumers from unfair practices that we see "koro koro" in Dangote, BUA, Multichoice etc. They system doesn't says go and open you own.

That is a defeatist mentality and that's why our country is held down till date.

Stop it.

1 2 Reply

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