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STCM Steppe Cement Ltd

19.50
-2.00 (-9.30%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -2.00 -9.30% 19.50 19.00 20.00 21.50 19.50 21.50 365,431 15:09:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cement, Hydraulic 86.73M 17.78M 0.0812 2.40 42.71M
Steppe Cement Ltd is listed in the Cement, Hydraulic sector of the London Stock Exchange with ticker STCM. The last closing price for Steppe Cement was 21.50p. Over the last year, Steppe Cement shares have traded in a share price range of 19.50p to 45.00p.

Steppe Cement currently has 219,000,000 shares in issue. The market capitalisation of Steppe Cement is £42.71 million. Steppe Cement has a price to earnings ratio (PE ratio) of 2.40.

Steppe Cement Share Discussion Threads

Showing 2701 to 2725 of 6025 messages
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DateSubjectAuthorDiscuss
14/4/2020
07:16
What's good WiloThe decrease in cement demand is clear now, my cautious negative view has come true but that is no surprise Because of Covid 19Postponing debt payments Dividends - just cannot see that happening now As market will look forward , there is no reason for the share to rise above 30p now
jailbird
14/4/2020
07:11
I cant agree. Sold at a big loss.
jeanesy
14/4/2020
07:04
Not too bad, the Group is effectively debt free and has strong support from its top big 4 shareholders/founders and generous credit lines from liquid banks should the need ever arise, which hopefully it will not, so all depends for 2020 how the Covid-19 affects the construction sector though the warm weather is coming, and is already there in the south.
wilo101
14/4/2020
06:32
RNS out

Market update for the quarter ended 31 March 2020

In the first quarter of 2020, Steppe Cement Ltd ("Steppe Cement" or the "Company") sold 235,896 tonnes of cement for 4,003 million Tenge, compared to 266,393 tonnes of cement for 4,455 million Tenge in the first quarter of 2019, representing a decrease of 11% and 10% respectively as the Company decided to maintain pricing over volumes in Q1 while in the previous quarters volumes had been maintained over pricing.

The Kazakh cement market in Q1 2020 increased by 15% over the corresponding quarter last year.

Steppe Cement's market share decreased to 13.3% in the first quarter of 2020 from 17.4% in the first quarter of 2019.

The average price for delivered cement in Q1 was 16,970 Tenge per tonne (ex VAT) compared with 16,723 Tenge per tonne in the corresponding quarter of 2019, an increase of 1%. Prices have been maintained this winter at the same level as last year.

The ex-factory price for the current quarter stood at 13,149 Tenge per tonne, compared to 13,614 Tenge per tonne in 1Q 2019, a decrease of 3%. The higher transport tariffs and rental expenses were due to increased sales in markets further from the factory and lower sales volumes to defray these costs.

Exports from Kazakhstan have increased by 34% from 2019 but it is difficult to have visibility over the output in the coming months.

The Company estimates Kazakhstan's cement market demand will decrease due to the uncertainty of oil market and negative effects from Covid-19. We continue to operate the factory at capacity and we do not anticipate any liquidity problems, as we have more than USD 6 million in cash, sufficient clinker in store, credit lines from the main banks in Kazakhstan and we are postponing principal debt payment where possible.

glawsiain
07/4/2020
19:02
Dumping stock they sure are .. a 200k and 175k dumped today. I am amazed this has not fallen further .. yet !
jeanesy
07/4/2020
09:54
I think you need to remain objective when invested We are in difficult times , and tipping towards a global recession All sectors will impacted Have to accept this it is possible that future growth could be impacted Dividend could be withdrawnThere maybe no dividend the year after I am not ruling out any of these until a RNS tells me otherwise.
jailbird
07/4/2020
09:40
Someone's slowly dumping stock but they were doing that in previous years too. I don't think we can assume anything about the dividend from the pattern of trades.
zangdook
06/4/2020
16:53
you just cannot predict anything in this market jeanesy,,, personally I think it best to just hang on in there and give this thing time,,, I believe all will be fine, divi or no divi,,,, these are extraordinary times :-) Cheers Wan :-)
wanobi
06/4/2020
16:50
Share price continues to fall. Will be under 20p pretty soon it seems. Really cant see a dividend here. price action says it all really .. sadly :(
jeanesy
01/4/2020
02:39
hxxps://www.coronavirus2020.kz/
wilo101
31/3/2020
18:13
And so far Kazakhstan not badly hit by coronavirus.
kenmitch
31/3/2020
17:13
not disagreeing with you on that jeanesy, but, will say I've seen reports on CNBC/BBG TV of many shares rising significantly (10-20%) with the announcement that the divi will not be paid in order to strengthen the balance sheet through these difficult times etc etc,,,, so all not lost either way :-) Cheers Wan :-)
wanobi
31/3/2020
16:09
still a tug of war between buyers and sellers.I am becoming less and less confident a dividend will be paid here as most companies have cancelled them in the current climate.... some chunky trades going through late here.
jeanesy
21/3/2020
16:08
Can't see why it wouldn't be - record revenues for the year, debt paid off - what else are they going to do with all the free cash generated?
king suarez
21/3/2020
15:46
I see some large sells went through late yesterday . Still too much uncertainty around for me to average down . Nursing some large losses here. Hopefully the dividend will be maintained.
jeanesy
20/3/2020
12:33
It really should be around 60p with the cashflow being generated, imo.
king suarez
20/3/2020
12:18
With China beginning to recover from the virus and people starting to return to work, if the buying today continues, that 25p level could be reached by the end of the month. If a 3-4p div is confirmed, it could hit circa 30p+
azalea
20/3/2020
08:35
Do not really understand why we should be less than 25p minimum other than blind panic selling so, have kept adding & again this morning
mattjos
19/3/2020
09:08
Another 6 weeks or so for annual results - may get delayed slightly due to logistics of audit process in the current environment.
king suarez
18/3/2020
20:29
Buys far outweighing sells today but it has barely moved. When is the news due ?
jeanesy
18/3/2020
16:11
Morningstar data today reports two 135k+ trades @ 22.5p
azalea
18/3/2020
11:51
Possibly USD/KZT exchange rate movement not helping either?
king suarez
18/3/2020
11:51
Several companies deferring dividends - likely here?

Pricing looked to have turned down in Q3 & 4 - I'm waiting for the Q1 2020 numbers.

podgyted
17/3/2020
20:01
So what is this ..just sentiment, or is market looking forward and seeing potential impact on cement demand?

Got to look beyond the expected dividend

jailbird
17/3/2020
19:58
what price are they bidding now ?
jeanesy
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