Steppe Cement Share Discussion Threads

[azalea] 02/3/2015 09:02

Nice tick up on early morning buying. 27.45p bid.

[azalea] 24/2/2015 18:33

The significantly depressed share price is being nibbled at by a few buyers of late, with the end of Q1 2015 just 6 weeks away.Historically price sensitive, if the trickle of buying turns into something more substantial the bid could well top 30p.

[azalea] 18/2/2015 10:39

Harvester
The last major buy was by Azmi Wan Hamzah 24/10/14, 1.8m @ circa 37p(total 27.03%),; so he has got a lot of money to recoup.

We had a 1p div in October, which came out of the blue. whether we get another one in the FY announcement remains to be seen. However, TDW is not the only institution highlighting the broker Westhouse Securities forecast of 3p Div for FY 2015, with an accompanying Ptx £12.85m Eps 4.73p. The 330 rail wagons bought and paid for in 2014, "are expected to generate savings in selling expenses of USD 3.3m during a full financial year.

[keith95] 17/2/2015 23:45

... I got hold of this one from a TD Waterhouse search for high divi payers ...

Steppe was down as 12% ... projected .. we will see of course .. but having taken a peak in more detail looks good to me ...

... people need cement .. especially after US have blown buildings to smithereens

[azalea] 17/2/2015 16:20

FY 2014 results scheduled for early May, should report a further ramping up of production by Dry line 5 to 75%.

By end of Q1Jan-Mar 2015, Line 5 production could reach 100%-representing most of the total 2.5m tonnes forecast for the 3 new plants opened in 2013 and 2014.
"Cash cost from the new Line 5 is estimated to be 35% below that of previously closed wet lines and 13% lower from Dry Line 6". Hence, even if the average price (ex VAT) for delivered cement remains static, FY 2015 figures should be significantly better those for 2014.

[azalea] 17/2/2015 09:29

Hmmn. Sp sensitive to buying. If we get some modest volumes, 30p could be in easy reach.

[azalea] 16/2/2015 14:33

I also added -10k @ 25p, several minutes ago. Put in another order for same but MM would not oblige. Could not get a simple online quote.

[keith95] 16/2/2015 14:10

I bought this morning .. Mms lifted price on second buy and still rising ... GLA :)

[azalea] 09/2/2015 16:32

Some interesting nibbling. MM playing a cagey game. I can sell 13k, but can only buy 5k online.

[azalea] 29/1/2015 17:58

Much of recent trades are I suspect between MM. However, today there is some serious numbers @ 24p which suggests they are 'buys'. Further progress in higher production volumes at lower costs from line 5 should appear in the Q1 figures, with the maximum of 2.5m tonnes by end of H1. I believe the share price is now trawling along the bottom of its range.

[jhan66] 15/1/2015 09:29

results in April published in US$
20% devaluation in Tenge to $ this year will dilute the performance.
Before buying back in, I'm trying to work out if a further devaluation is possible. Back in October reports said it was unlikely but they needed to keep pace with the ruble. 5-1 exchange then, now only 3-1
STCM look sound enough butit's un-nerving to see such big share sales.

[azalea] 15/1/2015 09:27

Hari
If you had a clue what you are talking about, you would know that Mr Hamzah has repeatedly increased his holding, with the most recent 1.8m in October. Given there was also a surprise 1p dividend, there could be news of another one in the FTY results. So there is substantial evidence to support my statements. Unlike those posters on SPL(whom one does not hear much from lately,lol),whom provided no evidence whatsoever to support their wholly negative posts. Are you one of those cynics,who has now missed out on the recent circa 20% rise?

[hari] 15/1/2015 08:12

"FY results might reveal a further dividend. At the current price Mr Hamzah might decide to add a further chunk to his 27.03% holding."

Azalea,

This is unsubstantiated speculation, and is clearly only said by a holder.

If you do want to be called a hypocrite, you need to look at what you write before slaying others.

best regards

[davydoo] 14/1/2015 16:46

Someone wanted out late afternoon.

You never know with these things, perhaps a Kaz investor suffering losses (or wanting to buy more) and so selling here

[azalea] 14/1/2015 16:41

I agree. We shall have to await the full results in April. By then, Q1 2015 will have been completed, the results of which should give a pointer for the full year vis a vis dry lines 5 & 6, and the full year production target of 2.5m tonnes. With Line 5 becoming the major and lowest cost producer of the two(some 15% cheaper still) 2015 Q1 numbers should exceed Q4 2014. Post FY results, with there being no restrictions on director purchases, we might see further movement by Mr Hamzah. FY 2015, broker Westhouse Securities, forecasts a more than doubling of Ptx and Eps, plus a whopping 3p div.

[mach100] 14/1/2015 15:59

Big drop today Azalea. Surely this can't go lower. Pays a divi and someone has been accumulating at much higher levels. I didn't see anything in the results that warrants this fall.

[azalea] 13/1/2015 14:28

Everything is up except the delivery price (ex VAT)down 9%, which is far less than the fall in the share price over the same period. Along with line 5 low cost production steaming ahead to its target of 2.5m tonnes this year, if market share increases further, it might afford a move to increase prices.

FY results might reveal a further dividend. At the current price Mr Hamzah might decide to add a further chunk to his 27.03% holding.

[azalea] 12/12/2014 17:14

I do not do charts in any shape or form. My focus is largely on news and directors purchases, in both cases they have been positive. If we get another 1p div for this year, I will be very pleased.

[davydoo] 12/12/2014 12:26

32.95p? thank you very much

I don't trade on charts, they're merely a curiosity to me, but an interesting prospect for the rest of the day about whether the clear support at 32p holds, and whether it is a triple bottom or not

[azalea] 08/12/2014 12:08

C
I really do not see the Russia/Ukraine spat having any influence on KAZ, given that China is next door and the three of them are unified by the recently formed economic Eurasian Union. The overall economic pressure on Russia is huge, rouble falling heavily, billions in foreign investment monies withdrawn, p.o.o. in free fall putting the economy in a multi billion dollar deficit, pressure from the EU on central/eastern European members to stop work on Russia's southern gas pipeline, resulting in Russia being forced to cancel the whole project, despite millions already spent.

[celeritas] 08/12/2014 10:52

Azalea I can see plenty of positives for the company. However the Russian/Ukraine issue won't help for sentiment.

[azalea] 07/12/2014 13:07

5/12/2014
President Hollande visits his counterpart Nazarbayev of Kazakhstan-France's fifth largest trading partner and biggest supplier of uranium. He was accompanied by representatives of 50 businesses, several of which are already doing lucrative business with Kaz and circa 20 from France's universities looking to extend educational and scientic co-operation.

delegates include executives from major companies,including
Nuclear company - AREVA

EnerGy companies TOTAL - partner in a gas plant on the Caspian Sea, EDF and SUEZ.

Service and utilities companies VEOLIA, SUEZ, SNFC(railways) and VINCI.

AIRBUS AND PUGEOT.

Kazakhstan, with vast reserves of reseves of gas and uranium - the world's main supplier of uranium, as well as a source of manganese, iron,and petroleum and the wealth they generate,affords its plans to invest in waste-disposal, aeronautics, urban transport, construction, health and tourism.

A vast notably untapped country. lying between Russia and China, Kazakhstan is one of four countries which form the Eurasian Union.

[azalea] 06/12/2014 17:42

Celeritas

In answer to your question.
"We have completed the purchase of 330 new railway wagons for cement transportation, for a cost of $15m. The operation was financed by VTB bank, through a 5 year loan at 7.2%(secured with the pledge of the wagons), repayable in equal monthly instalments, with 30% of principal in a bullet payment at the end of 5 years. These wagons are expected to generate savings in selling expenses of USD3.3M during a full financial year. These wagons represent 40% of our current needs. A further USD 15M credit line is available to continue the purchase of additional wagons.

Interim report(extract).
H1 imports represented 16% of market share(down from 20% in 2013).We expect the share of imports to be reduced to 11% for the full year as the factories commissioned in 2013 & 2014 reach capacity.

Financing
STCM current low production costs compared to its competitors using wet lines and combined with its low levels of debt compared to other producers with dry lines should allow STCM TO maximize dry line production quickly, whilst maintaining sufficient cash flow generation to service the existing loan obligations and potential future dividend payouts.

Broker Forecast ratios
2014E PE 17.79. PEG -0.34 NAV 45.21p DIV COVER x0.97
2015E PE 7.45 PEG 0.05 NAV 47.90p DIV COVER x1.57