eedriyz:
Any Supporter of President Jonathan and PDP here? Pls say amen to this prayers
A PRAYER FOR G.E.J. and PDP SUPPORTERS
1.) May God run your Life the way GEJ is running this country.
2.) May God give u and your family the kind of peace GEJ gives to this country.
3.) May God subsidize your blessings the way Jonathan subsidized the Nigerian Oil.
4.) May God secure u and your entire family the way GEJ secures this country.
As a Good supporter of GEJ and PDP all u have to do is to Quote this and reply "Amen" and disgrace the ‘Misinformed’ General public that he is God Sent.
Be brave to type Amen b4 you start d insult.
Let's see how many we can get

Hey!!! you copied my thread word for word!!!!!! Geez!!! this is plagiarism of the highest order!!! people will think you wrote this and you are already getting likes and shares!!!!

ducii:


It is obvious you do not understand what a diversified portfolio means. over 90% of Dangote's wealth is tied to his Cement business, I already told you go to Bloomberg and see the capitalisation of Dangote cement and compare it to his net worth, you will find out that 90% of his wealth is made up of the Cement Company. Putting it in lay man's term if Dangote cement Disappears from planet earth today, his net worth will reduce by over 90% he might not even be a dollar billionaire anymore, and he will be taken off the Forbes list.

I will try and give you a clearer view of what Dangote's position looks like
Imagine I have 10 eggs and 10 Baskets of which to store the Eggs, and I put 9 of my 10 Eggs in one basket and spread the remaining 1 egg into nine places and put them in the other 9 baskets.
As you can see with my simple illustration above, if anything happens to my basket with the 9 eggs, I am as good as being finished.
Because I have Eggs in all my baskets doesn't mean I am well diversified, because 90% of my holdings in Eggs are in one basket.

Dangote is one of the undiversified billionaires on that Forbes list.

He tried listing Dangote cement on the London Stock Exchange, but he was turned down because of what is called KEY MAN RISK. He owns more than 70% of Dangote cement.

I don't Know how to explain this concept to you any more, if you don't get now then I give up

lolzz @ your egg and basket explanation.... not that I don't get what you are saying, I just seem not to agree ni......

will check it out on the net later in the evening and I'll make my position known....


well done.

ducii:


Wow Dangote is the list Diversified business man I know, check is net worth on bloomberg and check the market capitalisation of his cement company. you will understand what i am talking about. His net worth is marked to the market. Meaning that if something happens to that cement company today he loses over 90% of his net worth.

What??!!! do you know what you are saying?!!! which other group is as diversified as dangote group? with his investment in salt, sugar, wheat meal, semovita and other cereals? spaghetti, macaroni? and his new petroleum investment? are you saying the cement business takes the chunk of the conglomerates? are you kidding me?!!!

ducii:


It is a price war, I just told you that they all still make profit

they still make profit despite the 40% reduction? so you think other competitors are well diversified like dangote? hope you have heard about "the four grid-matrix approach to management"

omowolewa:
The price of any product is determined by a number of factors, not the production cost only.

One of the factors is the price of a market leader which Dangote like Cocacola is one. I am sure they can't sell below the cost just to out smart competition; it must have been what is obtainable within the industry.
Its just a reflection of the fact that the price has been somehow over priced before this time.

So op should relax except if you are only concern about you super profit.

sorry, where did you learn your own economics from? where did you school?

you sure need to go back to secondary school


please follow this link


http://www.yourarticlelibrary.com/industries/7-most-commonly-pursued-price-determinants-in-industrial-market/22619/

mex22:
THE OP IS THE AREA SALES MANAGER OF A CEMENT CO.I GUESS.YOU CAN IMAGINE WHAT A SO CALLED LEARNED INDIVUDUAL IS WRITING.JEEZ.LET THE PRICE OF CEMENT BE 10K PER BAG SO AS TO SUSTAIN COMPETITION.RETARD!

Who is this one now? what is he saying? you don't have to resort to name calling you know...it shows who you really are..get a good life not some crooked one!!!

ducii:


If you take your time to do a little bit of research it will do your world a lot of good.
here is your link it took me 30 secs to get.

http://www.thisdaylive.com/articles/bua-group-throws-its-weight-behind-cement-price-reduction-commends-dangote/193185/

everything is about politics...who is Dangote? who is BUA?.... still birds of a feather....they are the same.

the state of the economy will tell in weeks time

ducii:


BUA just announced. the owners of CCNN just announced that they are following suit.

stop dwelling on hearsays.... show me the link guy...

birds of a feather.....

shift15:
People with the mindset of the Op are the reason why many felt Nigeria is not moving forward.
Maybe because they live is penury because of their laziness, they thought everyone lives in poverty like them.
For your information, Op, there are more cars on Nigeria road in the last 4 years than it was before, what does that tells you?
There are more houses being built all over Nigeria than they are before, just go to Lagos-Ibadan expressway and see for yourself, go to Mowe and see. Go to Igwuruta in PHC and see, go to Airport Road in Owerri and see new places being developed. Go to Abuja-Keffi Road and see more settlement coming up.
Don't sit in your penury and assume everyone lives in poverty.

You just opened your mouth and blab gibberish!! If you are not in a rush I'll feed you monthly comfortably....

presently I'm working for a finance institution on the island and I'm being paid well..you see all those things you mentioned are on borrowed funds. Presently, my bank has an outstanding loan of more than #1billion naira in Lagos-island market alone, how much more other places and other banks in Nigeria. I have personal given out loan of #6million naira in the last one month to business people..

my bank churn out loans in hundreds of millions monthly...do you know the number of employees that take housing and car loan yearly? if other banks open their books for you, your mouth will tear in amazement!!

Is it the government that bought cars and built houses for those that owns them? why is unemployment still on the increase year in year out? and the same government keep stealing from unemployment youths in proxy (SURE-P FERMA, NIS et al).. Nigerians keep moving out of the country enmass despite the prevailing circumstances outside our shores...and you open your mouth to talk trash!!!


I. won't blame you, I'll blame the system that moulded you...an unfinished useless product like you! I pity your end

ducii:


What do you mean I work in an investment bank, that decision was made by Dangote to increase his market share. Even at N1,000 they will still be making profit. At this level Dangote makes about N400 per bag while Larfage Wapco makes about N200 per bag and CCNN is at break-even at this point.

please show me the link where you got your facts from bro....let's see the chart.....

why is it that it's only Dangote that announced the decrease? we'll see the effect on other firms in the coming days...

sleekpro:
Mr op, pls don't come and spoil our FRESHAIR with your NEGETIVE thinking.

Its ppl like you that goes blind to any good thing happening in negeria under GEJ's govnmt.

Have u ever buoght cement below 1k since 1999?



Even if cement becomes FREE, ppl like you will still complain, because na GEJ lead govnmt!



GEJ till I buy land biuld house!

If you agree LIKE jor!

Is that why you have to post this twice?

whatever happens to forward and backward thinking strategy that applies to this present cement market situation.


Is it that this government has put a covering on your eyes that you can't see nor read between the lines or you are just some sentimental dude that calls white black no matter the level of clarity??

ducii:



What you don't understand is if he pushes the prices upward his competition will just come back in.

when the competitors will have been forced out of the market right? You really don't understand the dynamics of market activities and rationales behind each market decisions.

You need to for more of market research bro

BlackPeni5:


Long term wetin...What long term benefit have I ever enjoyed from the lousy policies of governments over the years. This is capitalism, you must do whatever you need to survive. Improve your quality, reduce your price, render better services, etc etc but you must do something rather than always rely on government to control everything.

Whether I'm building now or not is not important, at least some Nigerians will benefit. Most people are complaining simply because it will not affect them directly. i.e. They are not building.

thank God you know its capitalism, he basically took that decision to survive and be in control of that sector, exactly what economics taught me.

on the surface, it seems to favour the masses (which are is not there anyway) but deep down, his plan is to chase competitors out of business...a real capitalistic tendency

Danfoditee:
hmmmmm

I want to believe you are still thinking...will be waiting for your response

BlackPeni5:
What is this OP saying...I think most people criticize just because they can. Even if it affects the competitors, the major beneficiaries will be the consumers which is my primary concern. Let us enjoy it while it lasts because when they increase it again, wahala go dey.

what you are simply after is the short term benefit.... what of the long term effect? are you really thinking very well? be sincere to yourself, are you building presently? how many do you know that are building? why are you seeking after your own good not minding whose ox is gored?

bigiyaro:
Mr op, i think oda competitors can very well afford d new price. Moreover if a few thousand should lose their jobs for a few million to get their personal homes, its worth the hazzel

How do you know they'll be able to afford it? how? and where did you see the millions that will build their personal homes? look at your environment and give me twenty people who are on cause to build their houses? is cement the only material used to build a house? what of the sand? stones? irons? woods? and among others... what is the government doing to push down the prices of those? what are the roles of the mortgage banks in these?

Why are we not using our heads properly?

ULSHERLAN:

We are getting there

God willing and helping....

until others concur....its all about politics and competition.... no capitalist has the interest of the people at heart...no! not one!

Are these not true??

As news filtered in about the reduction in the price of Dangote cement, a greater number of people were in jubilant mood citing its positive effect on cost of building.

But in the real sense of it, how many will benefit from this?, how many people have that capability to even rent apartments they desire more or less buy land and build on it? is the current state of things in the country giving credence to the cement price reduction? will the masses not be at the receiving end in the long run through unemployment through the inability of other firms to compete? are Nigerians a forward thinking people? is the said Capitalist ( dangote) not after his own personal good and not collection good? Why is it only dangote that reduced his cement price? what is the position of the other cement producing and importing firms? Why is the FG not carrying other firms along in its plans to reduce housing deficit?


These and many more are questions begin for answers.

THINK! NIGERIANS THINK!


Like SOLA SALAKO wrote on her Facebook page:



"Obviously, this is another move in the attempt to
stifle competition coming on the heels of getting SON
to regrade cement classification in its favour via
political patronage.

While this seems like a benefit for consumers in the
short term, I fear it is very inimical to growth in that
sector in the long term. The few competing brands
may eventually close down if they don't survive the
price war after emerging bruised from the pseudo
classification battle. More unemployment looms...

Just as Dangote has the singular power to determine
pricing downwards, who will challenge him when he
pushes price to N3,000 after he has successfully run
competition out of the market? This is akin to a rat
nibbling away at your feet and blowing soothing air so
you don't feel it...until it hits blood!

Nothing to rejoice about here if we are long term
oriented people. Unfortunately, Nigerians are not,
so...."

which one be Allahu Akbar for this one again now...did you people read at all?

God bless that judge....


modified...

if not for this kpekus above me that booked that space, will have been FTC...but still on still, I'm getting there


Hapi new month to you all

PDP getting punched left, right and center

Let them keep moving to liberation......

Drilla:
@Topic,DUH!!! Long distance relationships are real

I don't believe in that thing for a second....its all FAKE!!!!

xtervaganza:
you wan take free kick?



You be Pirlo?

lolzz...its encoded message.... I'm actually CR7 though

AgapeCharis:
sex doesn't strengthen any thing....at all!!
People have sex n break up/divorce d next day

Don't you know that sex is a tonic that cools your head, sweetens your day and make you more active at work?

FLAWLES:
tankz bro+buh sm pips say na Der mama pishur b dat.NL sha

lolzz...no mind badmouthers jare......u set well

FLAWLES:
lol,ok

Hey! you are not looking bad o...love those legs mehn...but for your location ehnn

daryoor:
yes if you are both impotent

yes if you are both above 80

yes if you are waiting for the old bastttard to die so u can inherit his or her wealth

lolzz....you got me laughing out my head

emperorchedda:
Never possible. Truth be told you're her maga. Now a lil bit outta your topic, did you say u buy point and kill for 1,600? That's about half the price they sell it here

lolzzz it's actually #800 here, that is for the two Fridays we went out minus the drink o