Steppe Cement Share Discussion Threads

[pjmurf] 06/4/2021 13:19

Lots loading up the ISA new tax year I imagine. The yield/value sticks out like a sore thumb.

[11_percent] 06/4/2021 13:11

Whats happening guys....why the rise??

[wilo101] 06/4/2021 13:00

will be published circa 10-14 April, like the last 2 years, probably Monday, 12th April early morning looking at a calendar

[mattjos] 06/4/2021 10:12

I am assuming they are getting them out early as 'Debt Free' would be a very positive statement to make.
Have continued to pick up more

[eggbaconandbubble] 06/4/2021 10:07

Thats unusual cos I think they normally give the first quarter trading update in April then the results a month or two later!

[elpirata] 06/4/2021 08:44

Thanks for flagging this up Mattjos as I'd missed it - so only a short window remaining to add at this level for a double digit annualised divi yield

"The full results and audited accounts denominated in USD are expected to be published in April 2021. "

[mattjos] 02/4/2021 00:56

From Sept 2020 Interims:

"4. Financing

-- Interest expenses on bank debt were reduced to USD 0.41 million from USD 0.55 million in 2019

-- Steppe Cement recorded a net cash position of USD6.4 million compared to net debt of USD1.1 million as of 30 June 2019.

-- The borrowings of the Company as of 30 June 2020 were USD3.2 million (USD 2.3 million current and USD 0.9 million long term) while we carried a cash balance of USD 9.6 million. For comparison, on 30 June 2019 we had USD10.1 million in borrowings and USD 9 million in cash.

-- The USD loan outstanding to Halyk Bank for the purchase of the wagons and repayable monthly till November 2021 at 6.5% p.a. was subsequently repaid in August 2020 in advance.

-- As of 31 August 2020 after paying the dividend, the financial debt was the equivalent of USD 2 million (all denominated in KZT) and the cash was USD 5.7 million."

From 11th Jan 2021 Update:

"The full results and audited accounts denominated in USD are expected to be published in April 2021. "

This is circa 1-2 months earlier than in prior years.

Surely now debt free & with the headroom to announce a progressive dividend policy. A Quarterly 1.5p divi would be terrific but, if we see 2p/4p divi split for FY2021, i'd still be delighted

This is a handsome, debt-free, & well-run enterprise with significant free cash-flow.
Cement is very much an 'eat or be-eaten' industrial sector ….. avaricious eyes of one or more of the multi-national cement producers will not fail to spot this.

It will be interesting to see how various post-Covid stimulus activities affect cement demand in this art of the world.

[elpirata] 30/3/2021 12:08

just picked up another 15k on the cheap

[elpirata] 26/3/2021 10:59

looks to me like some controlled selling going on recently eg a 153850 trade today.

Could be SEB Investment Management AB reducing again? Currently holding 8,694,668 3.97%

[mattjos] 25/3/2021 13:43

few more today. 11.5%+ Yield

[king suarez] 25/3/2021 09:47

They've just done the yield based on 3p dividend, instead of the 4p we had last year, or what I hope will be 5p+ this year!? Out of date research, but at least highlights the potential. Good find Mattjos.

[zangdook] 24/3/2021 23:20

"the anticipated dividend yield is 8%"

Someone else just picking numbers out of the air.

[mattjos] 24/3/2021 23:06

22/3/21


"Steppe Cement (LSE: STCM) produces construction cement in Kazakhstan. The company’s market capitalisation is around £79m. The balance sheet is strong and City analysts expect a 33% rebound in earnings in 2021. The outcome will build on a record of rising earnings stretching back at least five years and only interrupted by the pandemic...…………….."

[eggbaconandbubble] 22/3/2021 10:35

Very odd, Quoted prices for either 10k or 50k shares is 35.8 to buy 35.88 to sell!!!

Now if they widened the spread.............!

[mattjos] 19/3/2021 16:24

had few more this arfo

[wilo101] 03/3/2021 09:14

God knows, the company, plant, mines and production, balance sheet are all so much better now, main current problem is the unit price for cement and the KZT devalued from KZT150 to US$1 to KZT420 to US$1, today, and too many plants and too much competition, and this Region has never recovered since 2007/8, share-price wise.

[eggbaconandbubble] 03/3/2021 08:55

I might have asked this before! Why was the share price so much higher before the financial crash in the late noughties? And why hasn't it recovered?

Thanks for answers - only need very short one!

[mattjos] 01/3/2021 10:29

v. tight again this am

[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