Steppe Cement Share Discussion Threads

[gary1966] 05/6/2021 07:46

Like the fact that Apollo Asia fund are invested heavily here as their performance has been consistently strong since launch in the late 90’s.

[eggbaconandbubble] 05/6/2021 07:42

No thicker than me!

wilo - as per my message 3469. Please can you explain the workings of these ADR's. Much appreciated if you could!

[1hercule] 05/6/2021 07:02

Sorry am i being thick here. Wilo what are you alluding to? A bid or that the ADRs are in strong hands?

[wilo101] 05/6/2021 03:43

Authorised Depositary Receipts a Labuan company has to list and issues such not shares.

[zangdook] 05/6/2021 03:26

What does 'ADR' stand for, apart from American Depositary Receipt? The share registry is in the UK (Computershare).

[wilo101] 05/6/2021 03:06

They are ADR's listed on AIM as STCM is and has always been a Labuan company, in the Federal Territory of Malaysia

[zangdook] 05/6/2021 02:42

That's the first I've heard of Steppe having ADRs, there's no mention on the website of the stock being traded anywhere but AIM.

[parttime] 04/6/2021 23:24

wilo,

Doesn't that depend of the construction of the ADR's? IE: Are they one for one's or multiples?

Some of you long time holders are probably aware of the German player HeidelbergCement, these seem to be the major cement producer in Kazahkstan, have you ever considered the chances of them making a bid and swallowing up Steppe??

Cheers.

[mattjos] 04/6/2021 22:17

Thanks wilo .. would not be surprised in the least. This is a standout Buy but … let's hope we get another year before the real push to £2

[eggbaconandbubble] 04/6/2021 20:28

wilo, please can you clarify exactly what you are eluding to - message 3466. Ta!

[eggbaconandbubble] 04/6/2021 19:46

Well, better than a poke in the eye with a sharp stick!

[jeanesy] 04/6/2021 17:19

A nice end to the week here :)

[wilo101] 04/6/2021 17:06

Rumour abounds there is another major holder with more than circa 14m ADR's, directly or indirectly, and people of real strength, weight and influence and a stellar track-record, second to none. These ADR's should not be less than GBP1.20 each even today.

[mattjos] 04/6/2021 16:44

That may have been last chance sub-50p, given the way is was bought this week.
Results next week

[mattjos] 03/6/2021 19:02

Looks like we are starting to put in a 50p floor here ... that'll do for starters.

[wilo101] 03/6/2021 07:44

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

[farnesbarnes] 03/6/2021 07:30

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.

[gary1966] 03/6/2021 06:27

SEB last reported holding of just under 8.7m shares. If they really want out then the company could easily buy them for cancellation.

[mattjos] 02/6/2021 23:04

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

[xenomorph1] 02/6/2021 23:00

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!

[mattjos] 02/6/2021 21:18

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 21:02

:-) .. 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).

[king suarez] 02/6/2021 20:52

Some of us have to earn the £1m first MJ! ;)