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STCM Steppe Cement Ltd

22.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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
Steppe Cement Ltd is listed in the Cement, Hydraulic sector of the London Stock Exchange with ticker STCM. The last closing price for Steppe Cement was 22p. Over the last year, Steppe Cement shares have traded in a share price range of 20.50p to 45.50p.

Steppe Cement currently has 219,000,000 shares in issue. The market capitalisation of Steppe Cement is £48.18 million. Steppe Cement has a price to earnings ratio (PE ratio) of 2.71.

Steppe Cement Share Discussion Threads

Showing 3476 to 3499 of 6025 messages
Chat Pages: Latest  145  144  143  142  141  140  139  138  137  136  135  134  Older
DateSubjectAuthorDiscuss
07/6/2021
07:28
Looks like divi reduced unless I read wrongly
bisiboy
07/6/2021
07:16
Announced already
wilo101
05/6/2021
22:41
5-6 days until announcement from the company!!! Cant wait, really.
xenomorph1
05/6/2021
21:48
Thats interesting....


It is emphasised that, although the Shares will trade on AIM, the Company will not be subject to takeover regulation in the UK. Being a Labuan incorporated company,

11_percent
05/6/2021
12:40
h ttp://www.steppecement.com/pdf/stcm_admissiondocument.pdf

12 Admission, Settlement (CREST) and Dealings CREST is a UK computerised paperless share transfer and settlement system, which allows shares and other securities, including depository interests, to be held in electronic form rather than in paper form. The Company, through its UK Registrar, Computershare, has established a depository whereby Depository Interests, representing Shares, will be issued to Shareholders who wish to hold their Shares in electronic form in CREST. The Company will apply for the Depository Interests which represent Shares to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in Shares following Admission may take place within the CREST system if the relevant Shareholders so wish. CREST is a voluntary system and holders of Shares who wish to deal on AIM and receive and retain share certificates will be able to do so. For more information concerning CREST, Shareholders should contact their stockbroker or CRESTCo Limited at 33 Cannon Street, London EC4M 5SB. 17.
Shares held on the Labuan registry cannot be traded on AIM and similarly, Shares and Depository Interests held on the UK registry cannot be traded in Labuan. However, Shares held on the Labuan registry may be transferred into Depository Interests held through CREST on the UK registry and vice versa. Shareholders wishing to undertake such a transfer should contact their broker and allow a reasonable time for the transfer to be effected. It is emphasised that, although the Shares will trade on AIM, the Company will not be subject to takeover regulation in the UK. Being a Labuan incorporated company, Steppe Cement is subject to the takeover provisions of the OCA (see Section 2 of Part 4 of this Admission Document for details). Further details in relation to trading in the Steppe Cement

aleman
05/6/2021
12:19
Thanks for that part-time.

Having read it, my understanding is that trading in ADR's of STCM have no relevance to the share price quoted on Aim at LSE. They are an irrelevance.

Please correct me if I am wrong.

eggbaconandbubble
05/6/2021
08:32
My share certificates say Ordinary Shares of No Par Value, Fully Paid and also it says Certificate Class - Ord. There's no mention of Depositary Receipts. They were issued from Computershare at Bristol. Also, had they been ADRs, I'd expect my broker to have informed me during purchasing, as they always cite the full security title.

There have been a couple of foreign companies in the past I wanted to buy but could not get certificates issued. I recall Boku being one. They were traded under Regulation S. Despite the comment on the website below, I could not get certificates.



Can Boku shares be settled in CREST?

Yes. Shareholders have the choice of whether to hold their Boku shares in certificated form or in uncertificated form in the form of Depositary Interests within the CREST system. The Depositary Interests can be held in an ISA, SIPP or by a nominee.

aleman
05/6/2021
08:20
When you have an offshore and foreign company list in London one always has to create an authorised depositary receipt and spin the same off of the shares, in this case in a Labuan company, which is what STCM, namely incorporated in Labuan and registered there. On IPO STCM used Computerhsare in Jersey, but yes seems now in Bristol, though probably should go back to the CI: all of Kazakhgold, Kazakhmys did this, quite normal but it is ADR's not shares that one buys, sells and holds. Perfectly normal for a foreign issuer listing in AIM.
wilo101
05/6/2021
07:16
The AIM admission document makes no reference to "ADR"s. It does say

The Company, through its UK Registrar, Computershare, has established a depository whereby Depository Interests, representing Shares, will be issued to Shareholders who wish to hold their Shares in electronic form in CREST. The Company will apply for the Depository Interests which represent Shares to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in Shares following Admission may take place within the CREST system if the relevant Shareholders so wish. CREST is a voluntary system and holders of Shares who wish to deal on AIM and receive and retain share certificates will be able to do so.

It also says

Shares held on the Labuan registry cannot be traded on AIM and similarly, Shares and Depository Interests held on the UK registry cannot be traded in Labuan.

As far as I'm aware, the registry for my shares is Computershare in Bristol. Presumably my shares are held as Depositary Interests via CREST, as I don't hold certificates. I don't know anything about shares on the Labuan registry - the company website only mentions the UK Registrar.

zangdook
05/6/2021
06:46
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.
gary1966
05/6/2021
06:42
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!

eggbaconandbubble
05/6/2021
06:02
Sorry am i being thick here. Wilo what are you alluding to? A bid or that the ADRs are in strong hands?
1hercule
05/6/2021
02:43
Authorised Depositary Receipts a Labuan company has to list and issues such not shares.
wilo101
05/6/2021
02:26
What does 'ADR' stand for, apart from American Depositary Receipt? The share registry is in the UK (Computershare).
zangdook
05/6/2021
02:06
They are ADR's listed on AIM as STCM is and has always been a Labuan company, in the Federal Territory of Malaysia
wilo101
05/6/2021
01:42
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.
zangdook
04/6/2021
22:24
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.

parttime
04/6/2021
21:17
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
mattjos
04/6/2021
19:28
wilo, please can you clarify exactly what you are eluding to - message 3466. Ta!
eggbaconandbubble
04/6/2021
18:46
Well, better than a poke in the eye with a sharp stick!
eggbaconandbubble
04/6/2021
16:19
A nice end to the week here :)
jeanesy
04/6/2021
16:06
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.
wilo101
04/6/2021
15:44
That may have been last chance sub-50p, given the way is was bought this week.
Results next week

mattjos
03/6/2021
18:02
Looks like we are starting to put in a 50p floor here ... that'll do for starters.
mattjos
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