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Share Name Share Symbol Market Type Share ISIN Share Description
Steppe Cement LSE:STCM London Ordinary Share MYA004433001 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.50p 19.00p 22.00p 20.50p 20.50p 20.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 48.8 1.4 0.4 44.0 44.90

Steppe Cement Share Discussion Threads

Showing 1151 to 1175 of 1175 messages
Chat Pages: 47  46  45  44  43  42  41  40  39  38  37  36  Older
DateSubjectAuthorDiscuss
18/1/2019
13:57
htTps://en.trend.az/business/economy/3007371.html This year, 115,000 apartments will be built in Kazakhstan, Trend ... and Infrastructure Development Kairbek Uskenbayev said at a briefing
celeritas
16/1/2019
18:14
I think someone picked up 250k earlier.. cleared the seller overhang
jailbird
16/1/2019
17:59
I believe, as we move closer to the FY results in April, more buyers will move in and push the share price up. If the results are strong as expected and accompanied by a div, we could see the 30p level breached.
azalea
16/1/2019
16:00
Buy, buy and buy, its ludicrously under-valued
wilo101
16/1/2019
09:58
Added 14500 this morning Want to get these yesterday sub 19p but funds not cleared in time
jailbird
16/1/2019
09:50
Indeed, pushed up by two more buyers coming in, minutes after me.
azalea
16/1/2019
09:35
Well those 'modest' buys have pushed the price up! I think they were v well timed imo.
king suarez
16/1/2019
09:25
In the belief that the share price has bottomed and prospects are very promising, with a quite feasible return to circa 28p, I have doubled my relatively modest holding this morning, buying at 20p.
azalea
15/1/2019
12:00
K.S. I suspect that despite the strong update, a few P.I. are selling to get some cash to cover much bigger losses elsewhere. OPG took an 8% hit yesterday. FY results in April accompanied by a fat dividend, should provide the share price with significant upward momentum. Given the Apollo Asia funds has built a stake of 10.9%(23.9m shares), adds to my confidence in holding for the medium term.
azalea
15/1/2019
11:21
Surprised to see sells still going through - market cap now £40m. Bonkers.
king suarez
15/1/2019
00:12
10% divi - I'll have some of that!
melody9999
14/1/2019
17:54
Nice report. Anticipating quite a large dividend increase then?
king suarez
14/1/2019
16:48
Subject: Kazakhstan || Steppe Cement - 4Q18 trading update; positive end to the year Operating Results Steppe Cement 4Q18 trading update; positive end to the year Steppe Cement's 4Q18 trading update points to a positive end to the year and implies upside risk to our projections. We continue to see Steppe Cement's current valuation and the next 12-month dividend as attractive, with our 12-month Target Price of GBp 33 implying an ETR of 71%, including a 10% dividend yield. Strong end to the year. According to Steppe Cement, its 2018 cement sales increased 6% YoY to 1.7mnt, while average ex-works cement prices rose 23% YoY to KZT 13,354/t (or 16% YoY to USD 39/t, based on the average exchange rate for the year). The numbers imply that despite negative seasonality, Steppe Cement managed to increase its 4Q18 sales volumes 13% YoY, while achieving a strong price trend. In particular, we estimate that Steppe Cement's ex-works cement prices increased 60% YoY to KZT 15,270/t, or 45% YoY to USD 41/t in 4Q18. We note that Steppe Cement's 2018 volumes and ex-works prices came in slightly above our full-year forecasts. Supportive export opportunities. According to Steppe Cement, the Kazakhstan cement market declined 4% to 8.6mnt in 2018. Meanwhile, we believe that strong export opportunities, primarily related to Uzbekistan, supported positive price environment. In particular, cement exports from Kazakhstan more than doubled to 2mnt in 2018, while Steppe Cement increased its exports by 50% YoY to 220,000t, according to the company. Longer transportation distances also resulted in stronger growth of delivered prices compared with ex-works prices. In particular, Steppe Cement's delivered prices increased 25% YoY to KZT 16,480/t (+18% to USD 48/t) in 2018, while the company's 2018 revenues rose 32% YoY to KZT 28bn or 24% to USD 82mn. This revenue number exceeds our estimate of USD 77mn. Meanwhile, we believe that upside risks to our profitability assumptions are lower, as higher delivered prices were also associated with higher transportation costs. For this reason we leave our projections unchanged. Attractive valuation and dividend. We expect that Steppe Cement will distribute at least GBp 2 per share in the 2018 dividend, which implies a 10% yield at the current price. We also believe that the recent decline in Steppe Cement's share price has made its valuation even more attractive. In particular, our forecasts imply that Steppe Cement trades at an over 40% discount to global peers on its 2019 EV/EBITDA of 3.2x and at about 70% discount on EV/capacity of USD 30/t. Steppe Cement (STCM LN, GBp) Buy (21 Sep 2016, 12:09 UTC) // Previous: Hold (14 Jul 2016, 13:07 UTC) Target price, 12mo: 33.00 // Price: 20.50 // Upside: 61% // DY: 10.2% // ETR, 12mo: 71% Vladimir Bespalov, Equities Analyst +7 495 663 46 51 // vladimir.bespalov@vtbcapital.com
wilo101
11/1/2019
11:50
I'm expecting a big print between SEB the sellers and Apollo the buyers to clear the overhang. Apollo are being canny, any overhang clearance of nearly 11.4m shares will lower Apollo's avg paid price.
celeritas
11/1/2019
10:19
I guess we also have no news period until April now which can always bring inpatient sellers for an already low traded Co
jailbird
11/1/2019
10:17
Net debt is now only US$9n, but the company also has and continues to build and stock-pile of a large inventory of clinker, so that it can stand ready to grind and sell when the upturn comes in July onwards and lower payables in 2019 onwards.
wilo101
11/1/2019
10:12
Share appreciation has been driven by dividend expectations and last dividend ...It would be good if dividends are expected again soon , it is communicated in advance RNS come across very black and white with just figures , it is shame they do not communicate it differently I think this does no favour to potential investors
jailbird
11/1/2019
09:49
a 23% increase in price and a 6% increase in volume is quite a good year, particularly as the company has to drive the price increases and bear the volume losses.Emerging market cement plants typically have around 20-25% gross margin.The problem has been the KZT to the US$ FX rate, not the price in KZT.A cement factory is, in effect, a US$ asset, and investors add capacity even when the payback will take 20-years. The actual debt is far lower than stated above.
wilo101
11/1/2019
09:25
Last year the company generated $12.2m cash flow from operations - enough to pay off the remaining long-term debt in one year if they so decided. This was on annual turnover of $66m. We have just had confirmation via the latest operational update that FY2018 annual turnover is going to be $80m+. I would not personally say 'debt too high'.
king suarez
11/1/2019
09:10
So update not well received by some holder(s)
jailbird
11/1/2019
00:06
Debt too high?I'm using the figures on stockopedia which may be a tad out of date.However, isn't the debt too high at the moment to be paying a dividend?Operating profit last year of 3.58m USD, and net debt of 17m USD, but they decided to pay out a dividend of 0.014 USD, which was covered 0.42 times.I do note that net debt has reduced from over 35m to 17m 2012- the latest annual report,But it just seems they started paying dividends to early for me, and they should have focused on paying down the debt more first.This is an intruiging growth story, so can anyone enlighten me on the strategy here?
leopoldalcox
10/1/2019
17:07
why is there so much Chinese investment? Presumably becasue they are looking to export back to their home market - after all why would they be interested in satisfying the much smaller demand in Kazakhstan. So is this not a case of growing the market for Kz cement?
melody9999
10/1/2019
15:47
This just shows you what these plants cost to build, never mind waiting for the build then commissioning then establishing a mkt. htTps://www.azernews.az/region/136612.html
celeritas
10/1/2019
11:18
Jailbird Given the share price is at a low, what better time to buy when the update on FY results are proven to be positive. When there are too many manufactures producing the same product, then only the most efficient will survive. Consolidation amongst the less efficient will only work if they can compete on price. O/T OPG is attracting a lot more attention from new posters; some forecasting notable higher share price over the next 12 months, whether that proves to be the case; only time will tell. O/T MPL A company long been criticised by one particular poster, suggesting fraudulent activity may be involved. Apart from the fact that there has been a very recent slight upturn in the share price following a massive fall in the past few years, I have no interest having sold out at 70- 71p. If you are annoyed by posters,you can always either stop reading their posts or filter them.
azalea
10/1/2019
10:58
Hi Wilo may explains those Russian Wagons story...maybe these new plants are acquiring them. We maybe ok this year...but should we worry about over supply/market share from new these new plants or do we have enough demand to go around? Too many plants drive prices down...but at a cost of building them!
jailbird
Chat Pages: 47  46  45  44  43  42  41  40  39  38  37  36  Older
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