Steppe Cement Share Discussion Threads

[zangdook] 12/12/2024 07:08

Payment date 31 December? That's a half day, then there's a holiday, most brokers aren't going to get it processed until half way through January...

[wilo101] 09/12/2024 21:45

Should be an RNS on 151224 as to record date and timing of payout, nearly there

[mattjos] 06/12/2024 09:05

my shares with Interactive Investor and I never received a voting notification ... assume others the same

[wilo101] 06/12/2024 09:02

Many just never vote, you cannot assume was against

[zangdook] 06/12/2024 08:44

"Shareholders approved the Special Resolution for a capital repayment of approximately 1.5 pence per ordinary share.... with approximately 83% of votes cast in favour."

"The Capital Repayment is expected to be completed by the end of 2024, with further announcements, including the Record Date, to be made in due course by the Company."


I'm surprised 17% voted against. What are they thinking?

[mattjos] 03/12/2024 11:59

EGM this Friday . Given prior votes, i doubt it will be a 'close' vote & go through v easily

[wilo101] 02/12/2024 11:56

even mighty JSC Halyk Bank also offers a 10% yield so all are under-valued, Air Astana will also pay a big dividend

[mattjos] 02/12/2024 11:03

the 1.5p Capital Reduction payment equates to 9.345% at current buy price

[aleman] 22/11/2024 12:41

October Kazakh national cement production was a satisfactory 1.16k MT. The previous 3 years were 1.17, 1.14, 1.17.

I'm no expert but I think weather has been fairly average in November so far - nothing more disruptive than the usual wintery onset.

Car sales, manufacturing and industrial production trends all looked quite strong in October.

[lefrene] 17/11/2024 15:34

Transport can be weird. I recall once delivering a 40' box from Southampton port to a builders merchant on the West side of Cardiff. When the box which had come from Greece, was opened it had 26 tonnes of concrete blocks in it. I asked couldn't blocks be bought cheaper locally. "No we saved £100 on this load". Thus if the railways are being subsidized in Kazakhstan, it could make it economically viable to ship cement right across the country?

[celeritas] 17/11/2024 13:41

Ukraine is supplied with cement from Kazakhstan so ludicrous is a weird choice of word.

[wilo101] 17/11/2024 02:57

Economically cement and clinker cannot travel for more than 1,000km STCM no longer sells into Almaty talk of Ukraine is ludicrous.

[zangdook] 16/11/2024 13:12

The link doesn't work, but I'm not disputing that some cement from Kazakhstan may find its way to Ukraine - at the closest point western Kaz is only about 300 km from eastern Ukraine, as the crow flies. But Steppe's plant is thousands of km further east. The Chinese border is roughly the same distance.

[celeritas] 16/11/2024 12:44

Within this period, in Jan 2024 alone, 34 Cement export shipments were made from Kazakhstan . This marks a year-on-year growth of -28% compared to Jan 2023, and a 34% sequential growth from Dec 2024.

Most of the Cement exports from Kazakhstan go to the Uzbekistan , Ukraine , and Tajikistan .

[zangdook] 16/11/2024 03:03

Of course there will be an effect on cement supplies in regions bordering Ukraine, but that effect will diminish with distance. Is your argument that cement prices throughout Eurasia will increase with Ukrainian reconstruction? Then why not buy some Chinese cement producers? Or Spanish? If Ukraine is an argument for buying construction supply stocks, you should be looking at Poland, Slovakia, Hungary. There is already significant reconstruction in the eastern parts of Ukraine occupied by Russia, where most of the destruction is. Has that affected the market in eastern or central Kazakhstan? Steppe Cement's future depends almost entirely on domestic Kazakhstan demand.

[danmart2] 15/11/2024 20:58

I am a fan of share buy back but at least a capital return demonstrates the company is still on solid ground

[mattjos] 15/11/2024 19:22

The Board do respond to PI emails.

[andydaf] 15/11/2024 17:36

Very welcome news this morning.Seems they are hoping to pay before the new year.Solid boring and well run company.One benefit of the capital reduction over dividend is the lack of tax to pay.Major shareholders here are no fools and increased their holdings this year.GLA

[apfindley] 15/11/2024 16:52

And Gaza. And Lebanon. And Syria. And maybe Iran.Lots of cement will be needed in the next decade.

[mattjos] 15/11/2024 16:11

do the maths please zangdook. How big is Ukraine? How much cement will it require to rebuild? Where will it come from? If you suck all the cement out of the regions closest to Ukraine, who then supplies those regions?
Come on mate, get with the program please

[zangdook] 15/11/2024 15:52

A shortage of cement in the region - what region do you mean?

By road it's over 3,000 km from Steppe's plant to the easternmost point of Ukraine.