Steppe Cement Share Discussion Threads

[aleman] 07/6/2021 10:02

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.

[11_percent] 07/6/2021 10:02

Looks like.....going forward.....we get a final and an interim divi.

[xenomorph1] 07/6/2021 09:54

i can take a loan at 4,9% and buy shares with 9% yield lol. Easy money!

[xenomorph1] 07/6/2021 09:50

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%.

[return_of_the_apeman] 07/6/2021 09:49

Glad this has found support, was beggining to think it would go to 35p (10% yield)

Would have just had to add more

[zangdook] 07/6/2021 09:45

I'm holding all except a few I picked up last week at 48 and put back this morning at 49.

[gary1966] 07/6/2021 09:44

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.

[aleman] 07/6/2021 09:43

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.

[fozzie] 07/6/2021 09:37

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.

[nasnas1] 07/6/2021 09:21

I also bailed this morning and locked in a good profit. GL all

[aleman] 07/6/2021 09:11

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.

[gary1966] 07/6/2021 08:48

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

[zangdook] 07/6/2021 08:44

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.

[gary1966] 07/6/2021 08:42

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.

[zangdook] 07/6/2021 08:41

bisiboy

Depends how you read it. Over the year, it's increased from 3p to 3.5p (1p interim and 2.5p final).

[miti 1000] 07/6/2021 08:41

I stand corrected .I didn't see the 2nd rns!

[bisiboy] 07/6/2021 08:28

Looks like divi reduced unless I read wrongly

[wilo101] 07/6/2021 08:16

Announced already

[xenomorph1] 05/6/2021 23:41

5-6 days until announcement from the company!!! Cant wait, really.

[11_percent] 05/6/2021 22:48

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,

[aleman] 05/6/2021 13:40

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

[eggbaconandbubble] 05/6/2021 13:19

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.

[aleman] 05/6/2021 09:32

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.

[wilo101] 05/6/2021 09:20

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.