Steppe Cement Share Discussion Threads

[return_of_the_apeman] 26/4/2021 08:40

Stock was incredibly tight at the close on friday and there seems to be only 31,250 shrs available to buy now at 41p - bid at 40.375

Hmm - could be a good day should a divi chaser or two arrive

[eggbaconandbubble] 24/4/2021 10:19

Well said wilo!

I've never been a fan of 'charting' or whatever it is called. May be with the exception of a 'break out'.

allviewswelcome. On your comment of a 'nice bowl' or should it be a 'tea cup and handle'? If you look prior to your 13/14 analogy, look what happened after a bowl formation in 11/13!!!

Charts may work well for large blue chip companies but I think small companies are more effected by ongoing external factors and market forces..

[wilo101] 24/4/2021 09:11

Should be well over £0.45p per share soon, ludicrous valuation of the company and business, but the Kazakh economy is bouncing back and summer is coming and construction is proceeding apace

[allviewswelcome] 23/4/2021 23:29

If you ignore the March covid dip, that looks like the end of a nice bowl formation from the 2013/14 area.

[aleman] 23/4/2021 15:35

So recent trades look like 40p buys and sells just over 39p - now above that 38p resistance area.

[aleman] 23/4/2021 14:03

Offer just ticked up to 40p, too. Last chance to buy under 40p going?

[aleman] 23/4/2021 13:41

A more structured rising channel seems to be building. Certainly some resistance at 40p but also note the resistance point at 38p which we are currently trying to overcome. Volume stats suggest 38p resistance is not that strong and the next target of 44p also does not have much volume behind it. Good news could see the shares fly through both of these.



There looks likely to be quite a bit of resistance in the 46-48p area from many years ago, though.

[mattjos] 23/4/2021 10:51

Opportunity to buy at 40p or under looks to be quickly shrinking

[mattjos] 23/4/2021 10:28

Yes, very little available online just now

[aleman] 23/4/2021 10:24

Is stock getting tight? It feels like it might be about to move up again.

[eggbaconandbubble] 23/4/2021 08:19

???? Constable, Looking at your message history on other boards I suggest you stick to licking your pencil! Filtered

[constable ken] 23/4/2021 08:00

do the hokey cokey

[eggbaconandbubble] 23/4/2021 07:56

Message posted twice!

[eggbaconandbubble] 23/4/2021 07:53

What is your interpretation of the above chart?

[mattjos] 22/4/2021 20:47

I'd rather be in than out on my interpretation of the chart to date:

[mattjos] 22/4/2021 11:35

I have always anticipated it would gradually get back up to circa £1 and then stick there until we get a morning RNS one day advising a takeover approach has been made for at least a 50% premium.

[fozzie] 22/4/2021 11:13

Yes but it's been rinse and repeat for several years now, I would much prefer a steady climb toward fair value with a divi to boot.

[elpirata] 22/4/2021 11:12

agree fozzie, although conversely any disproportionate ex divi share price fall gives an opportunity to compound income simply by reinvesting the divis at a lower price. Like many others here (I suspect) I dont need to take the divis out of the SIPP as income so it just accumulates in new shares, and to that extent the share price is quite irrelevant to me as long as the business performs. I have no intention to sell and nowhere else to put the money to get this level of return.

[cheshire man] 22/4/2021 11:06

If if drops back under 30p the LTH won't object to being offered the opportunity to top up then :-)

[fozzie] 22/4/2021 10:55

Me too Matt though I do fear that after the div is paid that we will see the share price back under 30p again. Peeps just do not seem to get the story here and it's been going on for years. A quarterly divi would go a long way to stopping this.

[mattjos] 22/4/2021 10:33

anyway, I've had some more in my SIPP.

[mattjos] 22/4/2021 10:15

13.5% Yield … incredible.
Just 5.33 years at that rate to double your investment. Surely not a difficult decision for Value investors.
Once these Results are out and the Dividend conformed, then various sites like Stocko will update with the correct Yield figure (at present they are wrong) & this will get on more people's radar so, I see the opportunity narrowing rapidly

[gary1966] 22/4/2021 09:49

April running out next Friday and so if they are sticking to the timetable, which I have no doubt they will, then got to be by then.

[mattjos] 22/4/2021 09:09

FY Results presumably early part next week