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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -4.55% | 21.00 | 20.00 | 22.00 | 22.00 | 21.00 | 22.00 | 72,968 | 08:47:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cement, Hydraulic | 86.73M | 17.78M | 0.0812 | 2.59 | 45.99M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/6/2021 13:24 | 3.5p in total, yes, but last year was 4p total. So unless the interim is 1.5p or higher it is a dividend cut, whilst I had expected 5p full year, based on operating cashflow. That now appears to have been overly optimistic as I had not factored in increased capex spending - let's hope this spending improves margins going forward. | king suarez | |
07/6/2021 13:21 | if you include the November interim dividend up to 3.5p in a COVID year,reading the annual report production guided this year to 1.75 million tonnes,sp reaction seems harsh so bought some more | andydaf | |
07/6/2021 12:50 | KS, Suspect it was 1. Unplanned 2. Govt policy following Covid | return_of_the_apeman | |
07/6/2021 12:02 | Am surprised that the dividend date was not mentioned | rahosi | |
07/6/2021 11:06 | Looks like I was wrong about a few things. Capex spending is increasing: 1) More wagons purchased (and an increase in debt to pay for them) 2) various capex initiatives aimed at improving efficiencies and lowering costs 3) Dividend therefore not increased, and in fact lowered slightly. 2.5p final v 3p final for 2019. Couple of questions: 1) "Our local sales decreased by 6% due to milling limitations during two months of the high season" why? If due to scheduled maintenance, why not do this outisde of 'high season' where demand is lower? 2) "Steppe Cement's effective income tax rate has decreased to 15%. A big positive - but why? | king suarez | |
07/6/2021 10:31 | Bisiboy, I don’t disagree with the sentiment but it appears to be the way they have always done. Concentrate on the annual dividend increase rather than just the final payment. Appreciate hopes/expectation was for more but still a very healthy yield with a share price that doesn’t reflect the value of the assets. Kind regards, Gary | gary1966 | |
07/6/2021 09:57 | What i didn't like was no announcement about the dividend in the results and having to find out through the AGM announcement. this doesn't strike me as being very shareholder friendly and i would of thought that a statement explaining the Lower Final should Have been made. | bisiboy | |
07/6/2021 09:30 | blimey … bit of an over-reaction here this morning. 70 more rail wagons is a great development .. despite the 330 they bought in 2014, they have constantly been having to rent more so this will reduce that necessity down to just the peak season. Quite a bit in that report suggesting the company continues to implement improvements / drive economies of scale which will all have +ve impact on cost reduction. | mattjos | |
07/6/2021 09:07 | Pretty solid performance imo. Not fazed by the selling. | plasybryn | |
07/6/2021 09:02 | Interesting that interest on loans was $0.4m in H1 and $0.4m at FY so H2 bank interest was zero. Debt taken on for new wagons must have come very late in Q4. | aleman | |
07/6/2021 09:02 | Looks like.....going forward.....we get a final and an interim divi. | 11_percent | |
07/6/2021 08:54 | i can take a loan at 4,9% and buy shares with 9% yield lol. Easy money! | xenomorph1 | |
07/6/2021 08:50 | so EPS increases by 16% and the stock drops by 16% LOL. Crazy, i will try to pick up some more shares today. Its possible for a 2.5p+1P ( or 1,5p interim ), so over 8,5-9% yield is super for me ( on these prices ) if i average down for the shares i bought at 25p, its well over 12%. | xenomorph1 | |
07/6/2021 08:49 | Glad this has found support, was beggining to think it would go to 35p (10% yield) Would have just had to add more | return_of_the_apeman | |
07/6/2021 08:45 | I'm holding all except a few I picked up last week at 48 and put back this morning at 49. | zangdook | |
07/6/2021 08:44 | Well I just bought back the 85K I sold first thing but had to pay 45.7p & 45.9p but having sold at prices between 51-52p this morning that is a pleasant turn for me. | gary1966 | |
07/6/2021 08:43 | Historic yield a little under 8% now. Hopefully, next year will be 1.5p + 2.5p or 8.9% at 45p. It's still seems likely to represent good value. | aleman | |
07/6/2021 08:37 | Bucking the trend I picked up some more at 44.9 this is a long term investment for me and happy to add at these levels. | fozzie | |
07/6/2021 08:21 | I also bailed this morning and locked in a good profit. GL all | nasnas1 | |
07/6/2021 08:11 | Hard to work out exactly what is going on with the exchange rate and capex. Operating cash generation was up but only marginally in US$ and the exchange rate influence will take some digesting. The slight dividend reduction could be to accommodate the upgraded capex or it might just be a step towards equalising the dividend now that debt is much reduced. Anyway, whilst a 7% yield is still very good, the strong rise in the shares had pushed me to an overweight position. I've lightened up by selling 1/3rd. I'll keep the rest for diversified income unless I can find anything to worry me on a more considered inspections of the numbers. | aleman | |
07/6/2021 07:48 | Net cash position not as strong as I was hoping for and commitment to larger CAPEX next year will hold back divi growth next year I would imagine. So mildly disappointing for me and reason I bailed this morning and locked in a good profit. GLA | gary1966 | |
07/6/2021 07:44 | A 16%+ increase is not bad, though doubtless the people who were predicting 4p or 5p for the final will be gnashing their teeth and tearing their hair. | zangdook | |
07/6/2021 07:42 | 2.5p if you look at the notice of AGM announcement. Yes I agree Zandook over the year an increase but many may be disappointed that it wasn’t 4p final which was the hope/expectation. | gary1966 | |
07/6/2021 07:41 | bisiboy Depends how you read it. Over the year, it's increased from 3p to 3.5p (1p interim and 2.5p final). | zangdook | |
07/6/2021 07:41 | I stand corrected .I didn't see the 2nd rns! | miti 1000 |
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