Steppe Cement Share Discussion Threads

[zangdook] 28/10/2021 14:16

last year it was the last Thursday in October.

[jeanesy] 28/10/2021 14:14

should the dividend news be out tmw or is it later ?

[danmart2] 28/10/2021 13:57

One thing to bear in mind, the kazak property boom is set to slow down further especially as China’s own property boom built on bad debt is heading for a crash and Chinese investors are leveraged in the Kazak market which could also be over cooked (I’m not going to pretend to be an expert when I have only translated a few articles and spoken with a friend who is in the stan’s).

Steppe may not be selling as much product over the next 5 years.

[constable ken] 28/10/2021 12:58

ninety-one minus zero per cent, eh?

[eggbaconandbubble] 28/10/2021 12:39

Well, if the KZT starts to appreciate against the $ and the £ - we’re in the money! “This time next year Rodney…..̶1;

[wilo101] 28/10/2021 11:44

One can currently get 91-0% for KZT deposits with reliable banks, and the KZT seems to be about to appreciate for once, as oil and metals prices are on the up.

[wilo101] 27/10/2021 03:45

Interim ividend announced on 291020 last year.

[wilo101] 23/10/2021 03:00

Always best to buy into and as winter approaches and through the Spring before the annual rally through the summer.

[mattjos] 21/10/2021 09:41

online Bid for 25k is over 45p now

[jeanesy] 21/10/2021 08:59

still plenty of buying within a narrow range, but no change in shareprice

[3800] 20/10/2021 17:45

Thanks Aleman.
3800

[aleman] 20/10/2021 16:39

Here's a start - from 2020:

Steppe Cement’s average cement selling prices
increased by 6% in KZT, but decreased by 3% in
USD, to USD 45.4 per tonne delivered...

...Cost per tonne decreased by 3% in KZT due to saving
on electricity and coal, partly offset by increases
repairs and maintenance.

The average cash production cost of cement was
reduced to USD19/tonne due to cost savings and
currency depreciation.

We expect the coal price to be maintained in 2021.



Energy consumption to make cement generally was about 150kWH per tonne in 2010 (so maybe lower now?) at about 5 cents per kWH for industrial supply in Kazahkstan so that is around $7.50 per tonne. That would put the energy cost at around 15% or so of sale price. These are numbers I grabbed off the internet as a start but based on the cost of electricity when it will be mixed sources. They could be well off but it's better than having no idea. I'm sure somebody else could do better if they took some time.

[king suarez] 20/10/2021 15:03

No clue, sorry. It is a concern, but to some extent will presumably be reflected in the rise in the price of cement?

[3800] 20/10/2021 14:55

What sort of impact is everyone expecting regarding higher energy costs? Before anyone asks I haven't got a clue.
3800

[king suarez] 20/10/2021 14:46

By my maths:

Net cash as at 30 June 21 = $7.4m
subsequently paid dividend of 2.5p = c$7.5m

Net cash at 15 Sept 21 = $4.9m

So cash build for 2.5 months was c$5.0m. Around $2m net cash (in)flow per month (ex-div payment).

Given there presumably won't be another div payment till July 2022 with the next FY final div due I would be a bit disappointed with only a 1p dividend.

Company already had enough net cash as at 15 Sept to cover 1.5p and we are in the stronger period of the year with high cash generation, with likely another $2m+ in the kitty already. We will see I guess!

[jeanesy] 20/10/2021 14:36

I too am only expecting 1p . Very tight trading range yet again today.

[leopoldalcox] 20/10/2021 13:43

Predicting the dividend here has caught a few people out. I'm staying conservative and am looking for a 1p. Anything more is a bonus for me

[mattjos] 20/10/2021 11:52

44.9755 v 45.65 for 25k either way

[orm5] 19/10/2021 20:09

Earlier notice of divi would be welcomed.For the dividend H1-20 PBT was 1.9m and divi 1pH2-20 PBT was 3.2m and divi 2.5pH1-21 PBT was 2.8mGuessing H1-21 divi will be in the range of 1.5p to 2.2pHistorically H2 has the higher PBT, possibly up to 5.5p full year

[jeanesy] 19/10/2021 19:52

large 150k trade reported today

[mattjos] 19/10/2021 11:05

much tighter online today
44.75 v 45.874 for 30k either way

[eggbaconandbubble] 19/10/2021 10:22

What is the divi likely to be?

orm - I think it will be on 28th as last year was on Thursday 29th!

[finctastic] 15/10/2021 19:09

Thanks orm. This gives a different angle to digest the recent results. I had made the presumption that given mooted success of the building stimulus policy, the uplift in building projects would have been in double figures. All relevant I suppose if these comparative values are totals and not just those that would be included under the domestic stimulus criteria. In fact it makes no difference what so ever to what was a healthy set of results. Interesting none the less to see the stimulus policy and Kazak economy appear to be positives looking forward.

[orm5] 15/10/2021 14:13

Interesting and relevant article on the Kazakh economy:Trade grew by 9.3 percent and construction by 9.7 percent. In nine months of 2021, 10.4 million square meters of housing were commissioned nationwide, which is 8 percent more compared to the same period last year. https://astanatimes.com/2021/10/kazakh-economy-shows-positive-dynamics-with-gdp-growth-of-3-4-percent/

[orm5] 15/10/2021 14:09

I'm assuming 29th October - last working day of the month. Last year it was the 31st Oct