Investing, in its simple form, is the setting aside of disposable income in activities that will generate revenue in the near and foreseeable future. It is a sacrifice that is necessary to guard against future financial challenges that one may face in retirement. This is why the stock market was created to take care of long-term investments.
Investment in stock is one of the most rewarding both in short or long-term. Important of stock investment cannot be emphasize .They include: capital appreciation, dividend, bonus issues etc.
Dangote flour mills plc has offered for subscription 1.250 billion ordinary shares of 50k each at #15 per share which will be managed by 11 issuing houses.
Dangote flour mills ltd commenced operations in 1999 as a division of Dangote Industries Limited to unbundled its various operations, Dangote Flour mills was incorporated in 2006.
The restructuring was completed in January 2006, when a Federal High Court sanctioned a scheme of arrangement transferring the assets, liabilities and undertaking of the flour division of Dangote limited to Dangote flour mills plc.
From an initial installed capacity of 500mt per day at its Apapa mill, Dangote flour opened three other mills, in Kano, Calaber and Ilorin.Each of the mills started with an installed capacity of 500 MT per day, but three of them were subsequently expanded, resulting in a total of 4,000 MT per day. The expansion was in line with the company’s drive for increased market share.
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