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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 | 0.00% | 22.00 | 21.00 | 23.00 | 22.00 | 21.50 | 22.00 | 246,680 | 14:29:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cement, Hydraulic | 86.73M | 17.78M | 0.0812 | 2.71 | 48.18M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/6/2021 06:44 | xenomorph1 do not hestitate put it all here....the four founders can be trusted and relied on and have been invested since 1997 and know exactly what they are doing, David Crichton-Watt was the key guy for George Soros in Asia, when George was at his peak, with Stanley Druckenmiller and Gerrard Manolovici | wilo101 | |
03/6/2021 06:30 | Gary1966 - this is exactly my thoughts re THS. There are times when share buyback does make sense. I suppose it depends on how much skin BoD are in for. | farnesbarnes | |
03/6/2021 05:27 | SEB last reported holding of just under 8.7m shares. If they really want out then the company could easily buy them for cancellation. | gary1966 | |
02/6/2021 22:04 | good post xenomorph .. thanks for popping up. I suspect many others weighing exactly same in their heads. I really struggle to see why this wont make £2+ in the future .. for same reasons as you. That 300% Capital growth & 10% dividend yield for exhibiting nothing other than a pair of testes and then some patience :-) Currently a 10% weighting but, it grows every month | mattjos | |
02/6/2021 22:00 | I am really tempted to put alot more cash in this one, currently 15% of my portfolio is here, but the dividends and the undervaluation is so tempting, i dont know what to do. I have entered @25p last year ( missed the 18-20 range damnit! ) and now few days ago entered again at 48. I just dont want to put all my eggs in one basket really, so maybe abit more to come close to 20% portfolio in this gem, the rest is slightly riskier investments, some cash always, banks as always...if they give 5p this year thats crazy 16% yield return which is crazy for me, esp. with negative bank rates for deposits and no other place on earth to put the money for more than 2-3% return... so, in time this will get to 3-4% yield, in price terms that is 150-200p range. Love the fact that they are now net cash positive, so no debt, mcap as they say is x4 if someone else wants to enter the business....so we get really good value here. Cheerz to all, great discussion! | xenomorph1 | |
02/6/2021 20:18 | It's only because we've had a seller here for donkeys that the share price is this low. There is no point trying to fathom out why the seller is electing to act in this way … you can never know nor understand their motivations (sometimes after the event you come to know). Their selling is your and our opportunity .. that's what's important to understand. Once they are out then, the cheap shares simply dry up & the market does it's thing to re-rate the shares to true value … that is your margin of safety. Drop lucky and that inevitable resulting updraft is propelled higher by 'events' . in this case probably not an exciting expansion but, more likely a Bid .. the main thing is, you know what your are buying 'today' is unrealistically cheap solely as a consequence of a sellers actions. Buy and Wait .. sounds simple but, most people seem to find it impossible to do … in this case, the hugely rewarding dividend should make it more than palatable. The added excitement here is that the US$ collapses and the Tenge appreciates as a consequence …. the GB£ most unlikely to rise against the $ in such a dramatic fashion and therefore there is potential for an additional +ve currency lever to the upside. | mattjos | |
02/6/2021 20:02 | :-) .. yes, i appreciate it's not easy but, I have made the necessary effort and put in the time .. if i can do it off the corner of a desk then, you can too. Concentration into a few conviction stocks at the lows, with a 5 year+ timescale is the way to do it. in/out all the time with a 'portfolio' of 20+ stock is not the way to do it, imo. Admittedly, the former is less exciting and possibly more stressful but, the latter is what the herd do and the herd usually only achieve the average (at best). | mattjos | |
02/6/2021 19:52 | Some of us have to earn the £1m first MJ! ;) | king suarez | |
02/6/2021 18:31 | Cash from operating activities was $11.6m in the interims, up from $7m in the prior year interims - an excellent result. FY 2019 cash flow from operating activities was just under $20m, so $13m in the 2nd half - if that is replicated we are looking at as much as $25m of operating cash flow for the year. They spent $2.6m on capex in H1 2020 (anyone know what it was spent on?) and spend the same figure in the whole of 2019 on capex. Now that there is practically no debt and associated interest cost (last year $2.0m finance costs) - where is that c$25m going? Straight to us.. 219m shares in issue - say $20m attributable for dividends after any capex and holding a bit back for emergencies is 6.6p as a possible dividend, yes 6.6p, that is 13.75% yield on a 48p buy price and appears perfectly sustainable simply by continuing as is. So, yeah. I don't think an increase to 5p annual dividend is beyond possible. It should be nailed on, unless the BOD have earmarked cash for something else? | king suarez | |
02/6/2021 17:39 | Whatever they do I hope they telegraph it so that the market isn't left underwhelmed as a result of high expectation. If they went to quarterly dividend I think it would have quite an effect on the share price and I personally would be very happy. Given that earnings were 1.9cents in the first half I hope we are not getting ahead of our expectations for the dividend. Appreciate cement sales were up from 765K to 880K tonnes in the second half which will help and a lot of that will fall to the bottom line. | gary1966 | |
02/6/2021 17:02 | Cashflows might be seasonal but they should be in a net cash position now so it should not matter much any more. In which case, it would make sense to start to even out the dividend. They might even go 3p final then 2p interim. That seems more sensible to me. We'll know soon enough. | aleman | |
02/6/2021 16:57 | Sure, could be anything really, but cashflows are seasonal so will likely be split into unequal payments over the year. Ideally move to a quarterly payment at some point? | king suarez | |
02/6/2021 16:51 | 1p and 4p seems to be getting a bit skewed, doesn't it? Might they go 3.5p final then 1.5p interim? | aleman | |
02/6/2021 16:45 | Dividends will be announced next week....as per the trend established in all prior years, fill your boots as Holmes a Court, Skase, Bond, Murdoch, Packer and Lawrie Connell of Rothwells always said.... | wilo101 | |
02/6/2021 16:44 | 4p and 1p - total 5p for the year. Next year 6p. | king suarez | |
02/6/2021 16:20 | what you expect guys for the divi, the news will on 10-11 june. I expect 3p as minimum, maybe 4p which would be great. And another divi in november 1p. Or 3+2p maybe even tho i would like a 4p now :) | xenomorph1 | |
02/6/2021 13:50 | Well, if you don't buy today you'll likely be kicking yourself tomorrow and afterwards, and then even later on, doing the same for missing a handsome divi!!!! | eggbaconandbubble | |
02/6/2021 13:45 | Kicking myself for not adding yesterday | return_of_the_apeman | |
02/6/2021 12:51 | I'm in, only a few to start with but been looking for a good entry point. Building materials scarcity all over the news at the moment. | minfeus | |
02/6/2021 12:47 | well done anyone who bought the dip | elpirata | |
02/6/2021 10:32 | cheap price here not lasting long | mattjos |
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