Steppe Cement Share Discussion Threads

[finctastic] 01/10/2021 10:37

Nice work Rahosi

[rahosi] 01/10/2021 10:03

Yesterday mine was an ISA purchase (already fully 2021 funded). Small part of my RAVP divi yesterday. The 925 @44.75.

[finctastic] 30/9/2021 16:23

How many more are? Certainly showing alot of red for little move in share price

[rahosi] 30/9/2021 15:18

Bought a few more
44.75s are purchases, not sales

[gary1966] 29/9/2021 09:41

Better time than my partial re-entry at 55p and full re-entry at 45.5p someuwin.:-)

[someuwin] 29/9/2021 09:38

Good time to add?

[constable ken] 29/9/2021 08:31

After today's dump I was tempted to go and have a coffee.

[drdre] 29/9/2021 08:25

I have a decent holding here. I think guidance on the dividend is the only question mark. It's a safe and steady income stock so there are expectations around the dividend. If you were looking at the price action, what would that tell you?

[mattjos] 28/9/2021 22:00

i don't believe there is any of that sort of thing going on. There's a seller and, contrary to popular belief, large holders often choose to sell into a falling market and not a rising one.

A falling market affords genuine buyers the opportunity and so they will readily take on the stock more so than in a rising market.

This just looks like quite normal selling activity .. at some point the volume is going to noticeably pick up as other big buyers determine its simply too good to pass up & oblige the seller.

Panic not, … its pretty close to irresistible price now, imo. I have some firepower ready. OK, i cant take out SEB on my own but, i'll do my bit :-)

[finctastic] 28/9/2021 21:47

My next order is at 40.5. After today's dump I was tempted to pull it but will let it run. I feel this stock is great value at that price. Unfortunately I suspect any stops at 40 could be a target over the next two days.

[mattjos] 28/9/2021 21:39

I believe SEB are back selling judging by the fact that Cantor have taken up station on the Offer again.
They've been at it for donkeys here.
Assuming an Interim Divi is paid, I am much interested to see if Claire Barnes (Apollo Asia) uses the funds to add further to her position here.
There is a perfectly sound business here in great shape & growing stronger every month but, the mkt cap is simply being depressed by the actions of a persistent seller.
I continue to dribble in more each month at what i believe is a genuinely absurd valuation. Hopefully this sort of value remains on Offer for longer & we don't get a new II clear out SEB in one hit.
The way i interpret the chart, I'd be surprised if we go below 41p in the near-term.
This is why i keep suggesting this is perhaps best for the SIPP where you don't need access any time soon - certainly not before SEB are cleared out (if indeed, they are the seller).

It really is damn cheap around 40-42p though & getting tempting to throw a big chunk at it if it gets down to 40p.

[msd248] 28/9/2021 21:23

Check the filings- only 30% of the shares are held by II's. They've been holders for years and barely trade their positions.

[davr0s] 28/9/2021 21:17

IIs are always involved IMO

[msd248] 28/9/2021 21:07

This stock barely trades $200k a day. I don't think many II are involved.

[davr0s] 28/9/2021 19:27

I'm still long but people need to not confuse Twitter/ bulletin board analysis with what the big guys think. They (the II) are clearly not that impressed otherwise price would have been supported earlier. Everyday I see RNS in various shares come out and the normal suspects come out saying what a wonderful report only for price for many to then drop back. It's clear confirm bias and laughable IMO. Trade price action in front of you. If it falls much further I'll exit and move on

[andydaf] 28/9/2021 18:42

Looking at my sipp i have a lot of shares mostly miners/brick and cement manufacturers/royalty companies that are 30%off their post covid highs.Seems that they all get battered at results not matter how good they are or the current price of the commodities.Traders i think are cashing in their winners like steppe and the rest of investors think armagadon is around the corner.I cant see whats changed with steppe or kazakh economy since the interims but what do i know GLA

[11_percent] 28/9/2021 18:35

Am just wondering if someone is scamming the share price down......for a take-over.

[msd248] 28/9/2021 17:12

The share price drop is really odd. Cement prices in Kazakhstan have strengthened since they released the interims. Prospects for the Kazakh cement market are good as they have been in a while. The company is on track to generate more than US$20mn in free cash flow this year versus its US$124mn market cap, almost all of this is coming back as dividends.

[wilo101] 28/9/2021 17:07

Oil now US$80m and gas high too, as are all commodity prices, so the winter should be good for Kz. ERG the major mining house here, is doing superbly well.

[andydaf] 28/9/2021 16:34

I have a lot in my sipp.I dont trade them just collect the dividends.Kazakh economy looks fine with oil at $75.imput costs have risen but so has production and selling price.Remenber tenge has been devalueing against dollar by around ten per cent a year and still steppe has produced good dollar profits.Its a well run outfit with no debt thats got to be a competitive advantage against other leveraged cement producers.No one can see the future but i believe steppe will be just fine.If the price drops much furthur i will have another top up.GLA

[gary1966] 28/9/2021 16:06

Well I have just switched my pathetically small SIPP back into STCM at 42.45p. Happy to sit this out and wait. RSI and momentum indicators clearly bombed out.

[dovey21] 28/9/2021 15:41

My average is significantly lower. 21p and 24p I bought in if memory serves.

[3800] 28/9/2021 15:35

My average is just over 27p I would love to buy some more at that. I'm more interested in the future prospects of the company than the current share price.

[leopoldalcox] 28/9/2021 15:05

My average here is low, and there's a psychological barrier with averaging up for me. I'd love to see them back at 30p, but that seems unlikely. I might put an order in the mid-thirties and see if it hits

[dovey21] 28/9/2021 14:32

My finger is hovering on the 'but 10K' button. A good buying opportunity IMO.