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STCM Steppe Cement Ltd

21.00
-1.00 (-4.55%)
Last Updated: 08:47:19
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
  -1.00 -4.55% 21.00 20.00 22.00 22.00 21.00 22.00 33,137 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
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 £45.99 million. Steppe Cement has a price to earnings ratio (PE ratio) of 2.59.

Steppe Cement Share Discussion Threads

Showing 3626 to 3649 of 6025 messages
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DateSubjectAuthorDiscuss
13/7/2021
22:35
wilo, that would be fantastic, but why are we still hovering around half that figure???
eggbaconandbubble
13/7/2021
19:49
tomorrow is the last day to buy to get the dividend 2.5p.
xenomorph1
13/7/2021
16:32
Just under 7% with 3.5p dividend pa but reasonable expectation that it could be a little more this year with increased output and efficiencies. Replacement cost of plant and equipment exceeds current market cap by a margin.
gary1966
13/7/2021
16:10
What's the current yield here ?
starpukka
13/7/2021
10:10
Should really be GBP1 per share, minimum.
wilo101
13/7/2021
09:51
Making nice steady progress here .
jeanesy
10/7/2021
05:33
Capex planned should effect a 100-150000 tpa increase,
wilo101
08/7/2021
17:16
Was that 4pm KL time or BST?

Do they have a recording of the AGM that can be viewed on line?

eggbaconandbubble
08/7/2021
17:06
Any interesting comments come out of the AGM that might help inform the investment case here?

Thanks

king suarez
08/7/2021
16:46
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 ir@steppecement.com

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

wilo101
08/7/2021
15:48
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.

mattjos
08/7/2021
08:31
KS....ok, cheers.
11_percent
08/7/2021
08:23
why did knowone attend the AGM?
wilo101
08/7/2021
08:21
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.
king suarez
08/7/2021
08:04
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.

11_percent
08/7/2021
06:34
July 15th, it's on the RNS.
brucie5
07/7/2021
15:55
Guys, when is the ex-dividend date?

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

xenomorph1
07/7/2021
14:21
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.

mattjos
07/7/2021
14:16
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%

wilo101
07/7/2021
12:03
London listed shares are shares in certificated form and Depositary Interests in electronic form in the Crest system.
aleman
07/7/2021
11:48
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.....
wilo101
07/7/2021
11:30
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.

constable ken
07/7/2021
10:16
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
wilo101
07/7/2021
09:47
Beeks of Arabia. Why would you sell so close to ex-dividend date with a reasonable % dividend due imminently?
hairflick
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