Proshare Logo
   Market Date: 01-09-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Re: Dangote's Nominal Transfer

Category: Investors NewsBeat


  Read (1933)
Re: Dangote's Nominal Transfer

 

 

Thursday, June 9, 2011, Dr. Ibrahim BELLO
         
The market announcement on the ‘Nominal Transfer of all Dangote Industries Limited Africa Cement Interests to Dangote Cement Plc’make for an interesting read ; perhaps because of what it failed to say about the grey areas it threw up.
 
Quite frankly, most investors in the market are unsure of what interpretation should be given to the notice of "nominal transfer" issued to the exchange by Dangote Cement Plc.
 
Some of the questions that immediately come up include:
1.    Under what circumstance is a nominal transfer made in the securities market?
2.    Is Dangote Cement Plc the same thing as Dangote Industries Plc?
3.    Shall we construe the transfer from DIL to DANGCEM as a gift?
4.    What is the value of the assets that are being transferred?
5.    Are there liabilities attached to these assets?
6.    Where in Africa are these assets held?
7.    What will be the impact of this on the balance sheet of DANGCEM?
8.    What are the profit implications?
9.    From the notice, do we take it that DIL also has cement interests in Nigeria outside those held through DANGCEM?
 
The point: The notice is a piece of incomplete information; it raises a lot more questions than offer any answers to existing questions.
 
 

 

https://www.proshareng.com/investors/company.php?ref=DANGCEM



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint