Steppe Cement Share Discussion Threads

[wilo101] 08/7/2021 17:46

There was a special invite under Media/News on 23 June 2021, entitled:

STCM: Annual General Meeting (2021) Online Participation
.........

For any inquiries, please email to [e-mail]

which is a different place on the web-site from Investors, RNS's, as you will see, take a look

Yesterday, only the Board were present and the top 5 investors, was not a closed-shop at all, everyone was welcome, Azmi, Watt and Barnes had many questions and much to say

[mattjos] 08/7/2021 16:48

wilo,

The company still has much to learn with regards IR …. if they wish investors to attend a virtual AGM, they should give clear & precise details as to how they can do so on the relevant RNS.
This statement is simply not good enough if they really want investors to participate:

"Steppe Cement Ltd wishes to inform that its Annual General Meeting ("AGM") will be held at Suite 10.1, 10(th) Floor, West Wing, Rohas Perkasa, 8 Jalan Perak, Kuala Lumpur, Malaysia on Wednesday, 7 July 2021 at 4.00 p.m. The AGM shall be conducted online due to travelling restrictions."

Most folk will read that and simply conclude it's a closed shop .. just as it was last year.

[11_percent] 08/7/2021 09:31

KS....ok, cheers.

[wilo101] 08/7/2021 09:23

why did knowone attend the AGM?

[king suarez] 08/7/2021 09:21

As mentioned/explained in previous posts, the company has taken on some additional debt to purchase more rail wagons and also increasing spending on various capex initiatives this year aimed at improving long term efficiencies and increasing production (on target for a record year this year) so we should see this translate to an increase in future dividends, but perhaps not this year imo.

[11_percent] 08/7/2021 09:04

What are your thouhgts guys.

Can we assume an other 1p in Novemeber......giving 2.5 + 1 = 3.5p

3.5p/50p x 100 = 7%.........seems a bit low....am I missing something or just getting greedy.

[brucie5] 08/7/2021 07:34

July 15th, it's on the RNS.

[xenomorph1] 07/7/2021 16:55

Guys, when is the ex-dividend date?

btw, strong update as expected, im pleased with the results! This company keeps on giving!

[mattjos] 07/7/2021 15:21

thanks wilo,

Very conservative not but, I believe that is actually Vladimir's middle name, is it not?

Happy to hold and keep dribbling in each and every month. Momentum is gradually building here.

[wilo101] 07/7/2021 15:16

Steppe Cement's (Buy; 12mo
TP 54 GBp; ETR 15%) trading update for 1H21 showed the
continuing strong trends, which support our positive view on the stock. The company's
s a l e s v o l u m e s i n c r e a s e d 1 0 % Y o Y t o 8 4 0 , 6 6 1 t o n n e s i n 1 H 2 1 , w h i c h , a l o n g
with higher prices, translated into revenues rising 17% YoY to USD 39mn, according to our
estimates. These trends imply slight upside risks for our FY21 forecasts and bode well for
future dividend distributions.
Steppe Cement’s 2Q21 sales volumes amounted to 575,105 tonnes, up 9% YoY. According to our
estimates, the 2Q21 average exworks
price was up 13% YoY to KZT 17,496/t, while in USD terms
the price increased 11% YoY to USD 41/t (vs. USD 35/t in 1Q21).
According to Steppe Cement, the market remained strong in 1H21, with cement demand increasing
25% YoY. Steppe Cement's market share was 14.3% in 1H21 vs. 16.5% in 1H20. We do not see
this decrease of the share as a reason for concern, given the strong market and some recent
capacity additions in Kazakhstan. Moreover, we note that Steppe Cement's 2Q21 sales represented
the highest volumes sold during the second quarter in the company's history. Exports accounted for
8.5% of total sales.
Our projections imply that Steppe Cement’s 2021F revenues will rise 12% YoY to USD 84mn, with
volumes increasing 8% YoY to 1.78mn tonnes. Based on the 1H21 trends, we see potential upside
risks to these projections. We also note that strong pricing trends bode well for profitability and
support the strong outlook for the dividend distribution.
Steppe Cement (STCM LN, GBp)
Buy (21 Sep 2016, 12:24 UTC) // Previous: Hold (14 Jul 2016, 13:01 UTC)
Target price, 12mo: 54.00 // Price: 51.00 // Upside: 6% // DY: 9.1% // ETR, 12mo: 15%

[aleman] 07/7/2021 13:03

London listed shares are shares in certificated form and Depositary Interests in electronic form in the Crest system.

[wilo101] 07/7/2021 12:48

They are indeed, ADR's as shares in a Labuan company, cannot per-se be otherwise listed in London, and the dividend for 2020 is and was 3.5p per ADR....maths is clearly not your forte, or the legalities of listing offshore incorporated businesses and companies in London.....

[constable ken] 07/7/2021 12:30

wilo

Thanks, but I shan't take lectures from someone who insists that the London-listed shares are actually ADRs. And to tell me to "listen, properly" to people who state as fact that a 3p dividend was actually a 4p dividend.... go and have a cup of tea, boy.

[wilo101] 07/7/2021 11:16

Apparently, a large Chinese buyer is looking to take-out all of the Heidelberg cement assets in Kazakhstan (UK, Aktau and Shymkent), shows the appetite

[hairflick] 07/7/2021 10:47

Beeks of Arabia. Why would you sell so close to ex-dividend date with a reasonable % dividend due imminently?

[mattjos] 07/7/2021 10:41

Strong 'Hold' in my book.

Wilo, will you let us know if Vladimir Bespalov at VTB Capital issues any new coverage?

If RFC Ambrian ever issue any coverage on STCM, I've not been able to get hold of it. It's as if they completely ignore Steppe & they certainly ignore any attempt to contact them.

Anyway, might be best if this simply remains an un-glimpsed diamond for now .. at least until we get over £1

[beeks of arabia] 07/7/2021 10:14

If you have volume to shift then results day is usually the best time, especially if the numbers are strong.

[aleman] 07/7/2021 10:03

Strong prices and strong volumes. Operating cashflow might rise from $22m to $25m this year so the borrowing for the 70 box wagons could well be matched by extra cash on the balance sheet and net borrowing might not even rise. We could still end up net cash.

[oniabsta] 07/7/2021 09:37

Mostly buys. The 51.3p trades are buys not sells

[eggbaconandbubble] 07/7/2021 09:22

Andydaf - "This share does strange things on the back of good results,"

I think you are dead right there! I was expecting a better tick up than we have so far today. It even started down!!!

[mattjos] 07/7/2021 09:20

no idea why folk believe it necessary to sell but, most people seem programmed to sell on any RNS with no thought for the content

[mattjos] 07/7/2021 09:19

H1 2019 ie. Pre-Pandemic

738,228 tonnes of cement for KZT14.079m
Ave. Delivered Price KZT18.042
Ex-Factory price KZT15,148


H1 2021 ie. Pandemic recovery

840,661 tonnes of cement for KZT16.657m
Ave. Delivered Price KZT 19,814
Ex-Factory price KZT16,571

[mattjos] 07/7/2021 08:41

Great to have got such a strong first half under our belt

[wilo101] 07/7/2021 08:32

Constable Ken, see my recent posting.......you should start to listen, properly, and try to understand the reality.

[andydaf] 07/7/2021 07:52

Got to be pleased with that update.This share does strange things on the back of good results,we,ll see if that continues.Interims will be good and it will be interesting to see what the interim dividend will be in november.GLA