Steppe Cement Share Discussion Threads

[wilo101] 20/9/2021 09:03

Good the lower it goes the more the sensible money can buy.

[jeanesy] 20/9/2021 08:50

being sold again this morning !

[gary1966] 20/9/2021 08:33

RSI at its' lowest level since March 2020 to give some perspective.

[finctastic] 18/9/2021 11:55

A very encouraging set of accounts, although the company wasn't quite as impressive as the group accounts, still decent. Only concerns being a knock on from raised Russian interest rates or if the government decide to restrict their building stimulus policy, which appears has helped business despite a slight increase in imports.

[mattjos] 17/9/2021 21:44

Days like this does make you realise that 90% of folk don't seem to do any of their own research.

[mattjos] 17/9/2021 21:31

Only one covering broker & their forecast EPS & DPS is stable the last 4 months at $0.08c for 2021 & 2022.
At current exchange rates (US$1.37 : £1) that is 5.8p

At 51p to buy that is 11.37% Yield & Forward P/E of 8.79

Presumably the market now waiting for his new note after these results published. I still cannot see what might cause him to lower forecast but, let's wait and see as/when the various platforms are updated next week.

Covering Analyst is Vladimir Bespalov at VTB Capital. Very polite chap.
He is quite conservative in his analysis .. sadly, VTB unwilling to share their notes with PI's - I've tried a couple of times

His last price target was $0.75 (£0.55p) .. that might be the current hurdle in the market but, surely folk are capable of doing their own sums and not have to wait for the covering broker?

[finctastic] 17/9/2021 21:14

Spawny we have crossed paths on a few stocks l, so stands to reason that we may have picked up on the same strange going ons. I'm not normally one for a conspiracy theory, but such ridiculous rug pulls on high income and value stocks happening with such regularity can't be ignored. I have pulled all stops on such stocks and am almost expecting a post earnings flash crash. Many investors live by patterns, I think we are starting to see one?

[ceaserxzy] 17/9/2021 20:23

anyone knows the forecasts for the eps and dividends for the next two to three years?

[spawny100] 17/9/2021 20:16

I wonder if you might be somewhere close there finctastic. The big players could be trying to drive retail punters out of decent stocks whilst mopping up their panicked sells. All the while driving them into overhyped jam tomorrow outfits to fleece them when the market crashes from money printing. It certainly fits with what I've seen in recent months. It's possibly slightly conspiracy minded but, given the last 18 months we've been through, I think it would be daft to completely dismiss the idea. Particularly when Schwab and the World Economic Forum are floating the idea that by 2030 we'll 'own nothing and be happy'. And that many big players like Blackrock and John Lewis are moving into housing development and rental properties etc. And that the megalomaniac billionaires like Bezos, Gates, Zuckerberg etc have become far filthierrich in the last 18 months whilst the poor have become poorer. I think we are looking at a huge intentional transfer of wealth.

Just a Friday night ramble. I'm not falling for their games though and more than doubled my holding here today. Like others I see no sense in the market reaction to the RNS today.

[eggbaconandbubble] 17/9/2021 19:58

Maybe the markets are spooked by the submarine issue?

[finctastic] 17/9/2021 19:08

It's happening across the board. Look at what has happened to many other stocks that have announced earnings lately. The healthier the balance sheet the bigger the hit post earnings. Stops being triggered for fun. Some big players are playing and then some. A conspiracy or a theory of any kind, it's not fun for the rest of us.

[wilo101] 17/9/2021 18:54

Anyone who sells and marks down a company that posts a 53% increase in revenues in the 1st six months, simply does not begin to understand that it is an industrial company and the nature of its assets and business.

[jeanesy] 17/9/2021 18:30

I can't make any sense of the markets at the moment. I was hoping that this week would be the turning point. Instead things have got worse. POG down to 1750 , shares sold and marked down on good news . I hope at some point sense will return but who knows ?!

[gary1966] 17/9/2021 18:21

If you are then I am missing it to. Just annoyed with myself that I didn't wait for the RSI to cool off further before buying just under 60% of my position back.

Have a good weekend all.

[mattjos] 17/9/2021 17:42

Will re-read the results few times this weekend but, after two reads so far, I cannot determine any valid reason why the market sold these shares today other than a Pavlovian 'Sell the news and always sell Friday news' response.The company is in a good position and getting stronger. Cement market in Kazakhstan looks healthy too.Looks to be plenty of headroom to pay 1p interim dividend, as expected.Am expecting common sense to prevail here next week.Am i missing something?

[plasybryn] 17/9/2021 12:08

Dividend yield will be tasty no doubt

[tdickit68] 17/9/2021 10:55

Buying opportunity , gross margin up , sales up

[meathed] 17/9/2021 10:36

"looks like the market doesn't like it !"

If it's like my old dear it's just pretending not to like it.

[jeanesy] 17/9/2021 09:56

looks like the 30k and 50k sells were the catalyst for most of the early drop. some 15k sells also. Looks like some are not impressed or simply taking profits. Those that bought close to the 60's currently nursing paper or actual loses.

[andydaf] 17/9/2021 09:28

I think I must have read different results this morning,company looks in fine fettle,I’ll just keep collecting the long term dividends.if the Kazakh inflation rate is spooking people what do they seriously think the real inflation rate is in the uk?it isn’t 3% as always Gla

[farnesbarnes] 17/9/2021 09:26

Looks like classic tree shake

[mattjos] 17/9/2021 09:11

weird reaction. Market programmed to sell on results & Fridays but, seems unwarranted to me

[wilo101] 17/9/2021 09:05

If one lives in warm temperate western margin climatic UK, and not an extreme continental climatic region one will never understand this and cement is sold cash on demand, few long term contracts, so when there is a shortage, people will pay anything, so do not judge until October and the interim divi: the Rudni factory is closed.

[wilo101] 17/9/2021 09:03

The 3rd quarter is when prices sky-rocket and the big money get's made as there are always shortages in July, August and September when there are not enough stock-piles and all factories cannot produce more and people will pay whatever, hence why the dividend is not announced until October as the cold comes in and the seasons closes off, running the factory full time in winter and building large stock-piles of clinker is the key, and now the company has the US$ cash to do just that.....

[nik7907] 17/9/2021 08:51

Looks ok to me. Think it will recover later. Don't hold with the Friday RNS thing either. Hold RUA and they have issued this morning. Not done them any harm