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Share Name Share Symbol Market Type Share ISIN Share Description
Steppe Cement Ltd 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
  0.00 0.0% 26.00 25.00 27.00 26.00 25.50 26.00 572,832 08:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 64.4 8.4 3.2 7.9 57

Steppe Cement Share Discussion Threads

Showing 2526 to 2549 of 2775 messages
Chat Pages: 111  110  109  108  107  106  105  104  103  102  101  100  Older
DateSubjectAuthorDiscuss
10/12/2019
14:44
Hi Matt,Whilst I agree this is undervalued, I'm not sure of a 6% yield.It's a small cap in a cyclical sector with a lot of country risk. I would say 7-8% would be understandable
leopoldalcox
10/12/2019
13:44
I've looked around over the course of this year and cannot find anything else as daftly cheap as this is now so, have continued to add and will keep doing so. The time for simply peering in to the mouth of this particular gift-horse is surely now over?
mattjos
10/12/2019
13:42
Around £2k buy printed and having to pay 32.22p so not taking much to move this north
cheshire man
10/12/2019
13:40
very likely we will see at least 4p dividend paid for this year's trading but, could be 5-6p dividend. On a (now) 33p buy price that is something in the region of 12 - 18% yield. 10x what you can get on a cash savings account. The price here has been non-sensical for months but, cannot and will not stay down at these levels for much longer. If they pay out 6p/share dividend this should be £1
mattjos
10/12/2019
13:36
Some very welcome relief from the constant downward churn in the rest of my porty.
fozzie
10/12/2019
13:31
Why the rise today? Good to see but doesnt seem to correspond with any news
leopoldalcox
10/12/2019
12:05
taking its time but, the opportunity to purchase at 30p or under has been getting less & less frequent over the last 6 months. 4 weeks to go before the preliminary update on 2019 & by then I would be very surprised if there was stock going for anything under 40p. From about this time in 2018, the share price went on to print over a 100% gain in the following 4 months
mattjos
10/12/2019
09:07
dividend yield at these prices is simply too strong to ignore. Coupled with the large discrepancy between market cap and value of the plant & rolling stock, I believe there is a very sizeable margin of safety
mattjos
10/12/2019
08:52
I took some last week excellent divi and the chart looking good too :-)
cheshire man
10/12/2019
08:28
Few more for me also
mattjos
10/12/2019
08:16
Am amazed these are still this cheap, bought some, doesn’t seem to be much supply about
jbe81
09/12/2019
11:11
27.6 v 28.6 for 30k either way. Max available to buy online is 31k but, can sell more than that
mattjos
27/11/2019
19:58
I think 4p should be the conservative minimum dividend for 2019. I'm really hoping for 5p+ for 2019 and 6p+ for 2020. Share price has to be doubling from here at least. I keep saying it! :)
king suarez
27/11/2019
18:26
At less than 30p to buy, I will be delighted with 4p+ … that's a 13% Yield 4p+ divi and the stock should be trading more in the 60-120p range, afaiac
mattjos
27/11/2019
17:35
Matt, Yes, the 2018 dividend was paid in 2019, but I think there is confusion over your comment below: "The FY 2019 results.... As compared to FY17 the company will be $1.8m better off in cash (reduced interest costs). That's more than 50% of the 2018 dividend costs covered in that metric alone." If we are calling the 2018 dividend 3p, which cost STCM $8.2m, then a reduction in interest costs of $1.8m (comparing FY 2017 to predicted FY 2019 results) is not more than 50% of $8.2m - that's why I highlighted it. I think you meant to say the 2018 payout of 1p (c$3m) i.e the 2017 dividend? - since your comment is trying to compare the position over 2 consecutive accounting years, not one? Anyway - do you agree we could/should be looking at a 5 - 6p dividend in the near future?
king suarez
27/11/2019
17:23
2018 divi was 3p surely? … admittedly paid to shareholders in 2019 but, was based on company financials for the FY 18 Anyway, other than that point, I agree .. the company FCF is accelerating and will take another big leap forward once the remaining LT debt is cleared off - I assume they will simply pay per the schedule. Once the debt has gone, the company will be in an enviable position & the 'inside' shareholders are all well positioned to reap handsome returns. I'd like to be one of those, albeit to rather smaller degree :-) I'd rather the divi was split, say 35% interim & 65% final but, maybe we'll have to wait for long term debt clearance before that is instigated. Whichever way I look at this company, I keep concluding that it is too cheaply valued & 10%+ divi in these times is to be embraced with both arms.
mattjos
27/11/2019
16:39
Matt, Good post - but can I make a few corrections/observations? 1) 2018 dividend was 1p, which cost STCM $3m, not 3p - that is the 2019 dividend, which cost STCM $8.3m. 2) "Long term loans were reduced from USD9.8 million to USD 6.6 million as we continued to repay principals to Halyk Bank" - not only that, but STCM also paid down short-term borrowings significantly. In fact... 3) In 2018 - STCM paid down total borrowings by $7.4m, paid a dividend costing $3m AND also increased the cash at bank position by $2.7m AND incurred a loss of $0.7m due to foreign exchange rate movements. 4) If you take all (3) into account then free cash flow was c$13.8m. 5) Once all debt is paid off, then if this performance can be replicated FCF should be $15.4m (no more interest costs), which would support a dividend of around 5.5p a share. 6) Also consider that if you compare 2018 interims to 2019 interims you will note operating cash flow has increased from $4.9m to $7.0m (H1 being the weaker of the 2 periods) and you can see that, all else equal, (5) above could be considered a conservative forecast going forward? KS
king suarez
27/11/2019
14:59
this has been oscillating around the 26.5p level now for nearly 18 months. The drops below that price point have become of shorter duration and shallower as 2019 has progressed. We might finally be leaving this price behind us now:
mattjos
27/11/2019
11:57
It is being quietly picked up over last few weeks .. another 55k bought this am
mattjos
27/11/2019
10:03
Quiet everyone, I'm trying to sleep. Thank you.
king suarez
27/11/2019
09:38
i have been nibbling away over the last weeks
mattjos
27/11/2019
08:02
Very quiet on here. Seems to be on sale again.
brasso3
20/11/2019
16:41
Coming back into top up territory again ;o)
fozzie
13/11/2019
20:47
thanx oakey,,, hope not :-) Cheers Wan :-)
wanobi
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