DANGFLOUR - Dangote Flour Mills Plc

Nov 15, 2019 at 16:01 Twitter · Facebook

DANGFLOUR share price on Nigerian Stock Exchange

Dangote Flour Mills Plc is a Nigeria-based company engaged in the business of manufacturing and sale of branded flour and flour-based products. The company commenced operations in 1999 as a division of Dangote Industries Limited, one of the country’s largest and fastest growing conglomerates. However, it was not until 2006 that it was incorporated after unbundling its operations from the parent company.

Dangote Flour’s core products portfolio comprises wheat, confectionery, and bread flour; as well as pasta semolina and alkama. The company operates in four segments: Flour (milling and sale of bread and confectionery flour), Sacks (manufacturing and sale of spaghetti and macaroni), Pasta (manufacturing and sale of packaging materials), and Noodles (manufacturing and sale of noodles). Dangote Flour Mills operates through three wholly-owned subsidiaries: Dangote Pasta Ltd, Dangote Agro Sacks Ltd, and Dangote Noodles Ltd.

NOTE: Shares of Dangote Flour Mills Plc have been delisted from the Nigerian Stock Exchange (NGX) since close of trading on Friday, November 15, 2019. Dangote Flour Mills was traded on the NGX under the ticker symbol “DANGFLOUR”. Dangote Flour Mills Plc had a market capitalization of NGN 111 billion.

DANGFLOUR Stock Market Performance

The current share price of Dangote Flour Mills Plc (DANGFLOUR) is NGN 22.25. DANGFLOUR closed its last trading day (Friday, October 25, 2019) at 22.25 NGN per share on the Nigerian Stock Exchange (NGX), recording a 3.3% drop from its previous closing price of 23.00 NGN. Dangote Flour Mills began the year with a share price of 6.85 NGN and has since gained 225% on that price valuation, ranking it second on the NGX in terms of year-to-date performance.

Dangote Flour Mills is the 34th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 14 - Nov 15, 2019). DANGFLOUR has traded a total volume of 69.3 million shares—in 4,334 deals—valued at NGN 1.5 billion over the period, with an average of 22 traded shares per session. A volume high of 9.07 million was achieved on October 2nd for the same period. The table below details the last 10 trading days of activity of Dangote Flour Mills on the Nigerian Stock Exchange.

Profile of Dangote Flour Mills Plc

Dangote Flour Mills Plc operates in the Consumer Goods sector, specifically, the Food Production industry. The company is led by Thabo Mabe as its Group Chief Executive Officer. The company's board of directors, chaired by Asue Ighodalo, is composed of seven members whose names are listed below.

1. Ighodalo, Asue
   Chairman
2. Mabe, Thabo
   Group Chief Executive Officer
3. Dangote, Halima Aliko (Ms.)
   Executive Director, Commercial
4. Alake, Olakunle
   Board Member
5. Ekpe, Arnold
   Board Member
6. Wabi, Yabawa Lawan (Mrs., MNI)
   Board Member
7. Isa, Aisha Ladi (Mrs.)
   Company Secretary/Legal Adviser

DANGFLOUR Industrial Market Competitors

Dangote Flour Mills Plc, issuers of the DANGFLOUR stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Food Production industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange