Steppe Cement Share Discussion Threads

[zangdook] 24/2/2021 09:10

There are less than 10 IG clients with positions here, and they have until 29 March to close unless they can't find the margin. The fall back started before IG changed their policy. Most of the AIM stocks I follow have fallen, including those that aren't being closed out of IG. It's just market swings imv.

[leopoldalcox] 24/2/2021 09:03

I have my buy order in. A little lower than the current ask. Will see if it gets filled

[fozzie] 24/2/2021 08:51

Crazy value on offer here again now, thought we would be low forties by now not heading for thirty. Just waiting to pounce and lock that enormous divi in and hopefully a swift is here rise back up.

[mattjos] 24/2/2021 08:46

Presumably after today is over and any IG sellers are flushed out

[leopoldalcox] 24/2/2021 08:24

Starting to look like un-missable value again. The question is how low will we be able to buy?

[elpirata] 22/2/2021 11:43

ironic isnt it, holders happy to load up on any share price weakness as you know whats going to happen on the prelims/divi announcement in June/July

[gb904150] 22/2/2021 11:35

Nice! Look forward to STCM being on sale again!

[zangdook] 22/2/2021 09:52

Less than 10.


Under Client Sentiment

[king suarez] 22/2/2021 09:48

Can't imagine a lot of people spreadbetting STCM? This is mainly a dividend play - not expected short-term price swings?

[elpirata] 22/2/2021 09:48

news to me & appreciated thanks wan!

[wanobi] 22/2/2021 09:44

STCM on the list.

Cheers
Wan :-)

[elpirata] 22/2/2021 09:42

whats the IG "black list" about???

[11_percent] 22/2/2021 09:38

Bit of weakness and selling.

I assume this is bcause of STCM being on the IG "black list".

[rjmahan] 16/2/2021 21:48

not too precise on yield - 3p, 4p not the most important thing in one year... big picture...

[elpirata] 15/2/2021 11:13

yep, 1p interim, minimum 3p final

[zangdook] 15/2/2021 10:47

I'd be curious to see how you calculated the yield.

[rjmahan] 14/2/2021 15:33

My brief thoughts on this...
hxxps://deepvalueinvestments.wordpress.com/2021/02/05/steppe-cement-stcm-kazakh-cement-company/

[speny] 14/2/2021 13:04

Yes I had noticed the increase in PI volumes the past few weeks, which is great to see. Agree about the divi being more evenly split. I feel a major part of the reason the share price may seem discounted to other similar shares, is purely down to the operational location, potential lack of governance, and volatility of KZT currency, which I don't believe they hedge.

If Steppe's operations were located in the UK, I could easily see a Mcap of £120-150m as opposed to the current £80m. One benefit we do have, is there is only about 16% of shares in the free share float, as the other 84% are held by various investors/groups, so any imbalance of buying will eventually drive the price up.

[mattjos] 14/2/2021 11:40

Noticeable increase in PI buying volume these last few weeks as the 10%+ yield is finally noticed.I'd like to see the divi split a bit more evenly across the year & therefore encourage less trading of the shares around the FY payment. Let's hope that is introduced once the remaining debt is completely paid off.Remains remarkably cheap on any sensible metric & still a very quiet thread.

[mattjos] 05/2/2021 23:29

Finally broke through, in some style today, the 11-year downtrend that has constrained the price.
Cantor has been a persistent seller on the order book for over 2 years here but, they now seem to acting just like the other MM's ie. relying solely on stock they buy/sell day to day rather than having a mountain of the shares to sell.

I'd suggest the interminable overhang has now finally cleared and this can happily now work its way towards proper valuation in the 75-100p range over the next 6-9 months or so. Probably still too pedestrian for some but, I'd believe that sort of re-rate is pretty risk-free and a nice divi while you wait .. which I'd strongly suggest is going to keep growing YonY if you hang around.

As I have indicated before, if you rotated this chart anti-clockwise such that the 11year red line was horizontal, you'd see it as price that has had two prior attempts to get through and now on the third attempt, it has made it & is breaking free. You'd buy that if you knew what you were doing.

[return_of_the_apeman] 05/2/2021 13:59

Looks like just 15000 shrs left at 39.7

A move into the 40s coming ;-)

[eggbaconandbubble] 05/2/2021 13:31

Guys, guys.....guys, you can message each other privately/personally. That would save busy people logging on when the messages here are not concerning STCM have no interest.

Please! Pretty please!!!

[zangdook] 05/2/2021 13:28

You can put in an order to buy at best if you really want

[mattjos] 05/2/2021 13:22

Might get there quicker if you could actually buy any

[aleman] 05/2/2021 13:16

Hi, yas. I had a mishap with my knee that has the ruptured ACL. It gave way with a crack playing tig with the kids. I skipped the doctor (as many have done this year) and self-diagnosed a severely strained medial ligament, possibly tearing a central bit off the bone where it crosses the joint, which got very sore. (I have done this before in my footballing days but I still had an ACL back then.) It's been quite troublesome for a few months after but has done well in recent weeks. I can sprint and run distance again but I feared I might not be able to for a while, concentrating on cycling instead. It's taken 6-7 months months to recover to this level but that is not so unusual for a severe strain.

Did your feet and knees make any progress?