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DANGCEM Recovers From Its Recent Low As Investors Sustain Risk Appetite
DANGCEM Recovers From Its Recent Low As Investors Sustain Risk Appetite

[Image: DangoteCE_930X693.png]

The current share price of DANGCEM is N150.00, which records a 0.33% decline against its last closed price of N150.50. 
The stock opened the year with a share price of N142.00 and since gained 5.63% as YTD returns, ranking 34th on the YTD performance table.

Investors' risk appetite towards the stock remains positive as price-performance analysis had revealed an 11.94% gain in the recent 4weeks - 
Furthermore, sentiment analysis reveals improved investors' loyalty and growing optimism from investors amid sustained positive market sentiments.

The 3months and 6months positive returns of 19.05% and 15.65% respectively buttressed this further as the share price maintains a price recovery pattern from the recent low recorded during the lockdown

DANGCEM - Price N150.00
1WK  +4.17%                   
4WK +11.94%
3MO +19.05%
6MO +15.65%
1YR -2.98%
YTD +5.63%

Price Performance of Major Competitors

WAPCO -Price N17.00
1WK +12.21%   
4WK +39.34%
3MO +70.00%   
6MO +82.80%
1YR +13.33%
YTD +11.11%   
BUACEMENT - Price N41.50
1WK -0.60%
4WK +2.98%   
3MO +1.47%
6MO +17.56%       
1YR +7.93%   
YTD +7.93%

The management of the company said in March it planned to commence a share buyback programme this year once it had obtained regulatory approval. 
The upper limit of the buyback volume would be 10% of its registered shares and the company plans to offer a 5% premium to the existing price in a market price buyback.

The company also said the lockdown affected its April numbers, which had seen some recovery in May and June.
Dangote Cement up 4.17% at the end of the week ended October 9 2020 to trade at N150, valuing at N2.6 trillion ($6.7 billion).

The current market valuation of DANGCEM is above $6billion while it continues to enjoy investor's loyalty as indicated by sentiments analysis, driven by its sustained growth trajectory and healthy fundamentals.

The stock pays dividends yearly with an average yield above 10%. The stock at the current price is still good for a long term position for a dividend income portfolio. 
The stock is considered as one of the undervalued stocks within the Cement sub-sector of the Nigerian bourse.


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