Steppe Cement Share Discussion Threads

[finctastic] 22/11/2021 16:46

Gold taking a pounding today. Cement looks a bit more concrete........ boom boom.

[mattjos] 22/11/2021 14:45

I still find it quite bizarre that this is under 60p so, adding more again today

[finctastic] 22/11/2021 10:44

Every little helps, though clearly the world hasn't taken any notice. Not yet anyway. Personally I don't pay too much attention to Fools pushes though I do read them.

[zangdook] 22/11/2021 09:20

They ought to have said that their dividend forecast for 2022 was just a guess, rather than presenting it as fact, decimal places and all.

[spawny100] 21/11/2021 10:13

3 cheap dividend stocks (including an 11.7% yielder) to buy for 2022 - The Motley Fool UK

[renewed1] 16/11/2021 12:44

Thanks guys thats helpful

[joey wilson] 16/11/2021 12:20

X2 posts below have answered your question. Hope that helps.Cheers JW

[aleman] 16/11/2021 11:10

Aleman
12 Nov '21 - 09:58 - 4082 of 4100 Edit

Not sure how reliable this is but the dividend forecast was reduced from 8 cents to 7 cents at the September interims. That's around 5.25p on current exchange rates. I suspect a nice round 5p might be pencilled in but subject to changing conditions in H2 and the resultant outlook for next year.



You will note that the net cash position of $12m in the interim dividend update was ahead of the year-end $10.3m in this forecast, though seasonal factors and payment timings might come into play.

[stun12] 16/11/2021 11:10

I imagine it would come from the interim dividend which will instead be added to the final one for tax reasons, as per the RNS earlier in the week. A combined 5p would give you the yield, though still speculative at this stage.

[renewed1] 16/11/2021 10:33

Where do you get 8% at 60p from Joey ???
3.5p divi at 60p is less than 6%!!

<8% at 45p

[joey wilson] 15/11/2021 21:27

The fact that the interim dividend has effectively been rolled into an annual dividend following audited accounts I cannot believe the recent share price reaction downwards. This is an absolute bargain at anything below 60p. Even then you are looking at an 8% yield.At 60p this is still a bargain.So from it's present price we are looking at a 50% capital appreciation and an eventual dividend of 8% (at 60p). Presently even greater. I just need Dddd to blow the doors off, and I will be dropping the earnings either here or AAZ. I always intending adding to my AAZ holding but this is such a ridiculous price I may be buying more hereGLAJW

[mattjos] 15/11/2021 21:04

The fundamentals here are very strong & management clearly know how to run this business extremely well - they know the market in which they operate & they are absolutely bang on-top of their business model (sales price, volumes, costs, profit margins).
Their 'routine' communications to the market are always on-time and contain all the data you need to track how the business is performing.

Their IR has been atrocious for years but, there are signs they are trying to improve & that suggests they do have a care as to the value afforded the equity by the market.
They've obviously taken entirely the correct decision with regards the interim dividend but, it can and should have been communicated quicker.
(The NOMAD is utterly hopeless but, that's par for the course & I long ago concluded the whole lot of AIM NOMAD's are staffed by nothing more than failed second-hand car dealers).

[spawny100] 15/11/2021 20:22

Thanks Mattjos. Was nice to be able to add a few at 38p last week to balance up my buy at 50 not that long ago!

[mattjos] 15/11/2021 20:19

Stockopedia, Benjamin Graham Deep Value Checklist, sorted by Yield (Highest First), Top 10:



Current price is a complete anomaly. Should be 60p+, minimum.

[jeanesy] 15/11/2021 15:29

It has now thanks :)

[finctastic] 15/11/2021 15:23

Just keep buying jeansey, they will show eventually. Lol

[joey wilson] 15/11/2021 09:51

This morning you couldn't even buy 1000 shares without it being a negotiated trade.Obviously being very tightly held at this price.JW

[jeanesy] 15/11/2021 09:25

Some trades still not being shown yet this morning for some reason .

[andydaf] 13/11/2021 10:42

Well i get to wear the dunces cap for typing errors!In a serious vein i think steppe have done well.However never take my advise as for a long while now i have followed a policy of investing in low debt or net cash companies that produce something and make actual profits.What a dunce i have been,should of stuck the lot on bitcoin!GLA

[king suarez] 13/11/2021 08:58

You could build the Great Wall of.. Kazakhstan with $12bn of cement! :)

[eggbaconandbubble] 13/11/2021 08:55

12 billion! That would be sweet. :-)

[wanobi] 12/11/2021 20:42

had to recheck the RNS there Andy :-), would be nice though :-) Cheers Wan :-)

[andydaf] 12/11/2021 20:09

Some serious fcf being generated here.Lets not forget the 3million dollars loan to fund the railway wagons earlier in the year.To be cash positive to the tune of 12billion is quite a achievement bearing in mind the increased capex as well.As always GLA

[eggbaconandbubble] 12/11/2021 16:33

Add 60,000 (highlighted by wanobi - 4080) to the BUY VOL and subtract 60,000 from the SELL VOL and its all looking very positive.