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Share Name Share Symbol Market Type Share ISIN Share Description
Steppe Cement Ltd LSE:STCM London Ordinary Share MYA004433001 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 3.37% 46.00 45.00 47.00 47.00 44.50 44.50 524,103 11:05:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 54.7 9.6 3.7 11.0 101

Steppe Cement Share Discussion Threads

Showing 4926 to 4948 of 5400 messages
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DateSubjectAuthorDiscuss
12/10/2022
09:36
The two RNSs look to me like a clear "buy" signal.
Why would the directors be buying if the dividend wasn't coming in November?
IMO, we are looking at a 5p dividend then and another 5p (or maybe 6p judging by the updates) next July. That's over 30% in 9 months on a steadily profitable company!
And even if double taxation DOES apply, then the current dividend yield will still be over 10%, with the same again to come next summer.

tigerbythetail
12/10/2022
09:08
And the share price is still at a good discount despite todays small rise
danmart2
12/10/2022
08:01
thats a total of 3.182m shares purchased in 3 weeks without impacting the price, nice work if you can get it & what does that imply re the forthcoming dividend announcement!
elpirata
12/10/2022
07:50
Yeah 300,000 bought by an insider, a very good confidence booster :-)
return_of_the_apeman
12/10/2022
06:19
2x RNS out this morning
danmart2
11/10/2022
16:34
someone apparently picking these up in decent chunks
mattjos
11/10/2022
15:42
Need some good news all my shares are taking a beating
mingo6
11/10/2022
10:35
Bit of buying today. One of the few not red on my monitor today.

Presumably in anticipation of resolution of dividend distribution issue in November, potentially only 3 or 4 weeks away.

bluemango
10/10/2022
15:57
Looks like 3 nice 50k buys today and yet the shareprice is down. Strange .
jeanesy
08/10/2022
17:28
More than achievable, 6p looks more likely on the RNS information.
danmart2
08/10/2022
12:12
intention to pay another 5p or perhaps 5.5p dividend for FY22 looks achievable.
mattjos
07/10/2022
10:02
Basically - shares are cheap based on many metrics :)
king suarez
07/10/2022
09:22
Another thing worth looking at is book value. The $ has been stable against the Tenge recently. There are next to no intangibles and the $71m book value at the interims is likely to have risen to maybe $75m by end of Q3 with retained profit. Currently that would be about £67m in Sterling so the shares are only trading around book value and could be slightly below it by year-end if the shares do not rise (ignoring any dividend payment for now).
aleman
07/10/2022
08:47
In H1, compared to previous H1, average sell price moved from $39/tonne to $45/tonne. The Tenge has been stable at around 475 to the $ in Q3 so that looks like they should have achieved $50/tonne from 23965 Tenge. (A different average rate might well be used at year end.) Presumably Sterling numbers would translate even better. I'm going to assume a 6p return of funds to shareholders for the current year. If, as I suspect, they get tax clearance to pay the full 5p dividend in November, these shares are going jump quite a bit. However, politicians can be unpredictable so that's a suspicion and not a prediction.

(The £ averaged about 590 Tenge in 2021. This year, average should be about 560+( with it currently at 529). So, H1/2021 to Q3/2022 would move from £28 to £42 per tonne, and it's edging even higher into Q4. This is a very crude comparison but useful to know.)

Https://uk.investing.com/currencies/gbp-kzt

aleman
07/10/2022
08:33
112k of buys and no move up. Maybe there is a big sell being worked ?
jeanesy
07/10/2022
08:19
A pretty solid update. With news to come about the dividend in November. A few buys so far today.
jeanesy
07/10/2022
08:15
Suits me fine. I hate wading through the corporate-speak of most of the other companies I'm invested in.
stun12
07/10/2022
07:45
I think they must be charged by the word for their RNSs. Talk about brief and to the point. All looks OK though.
stun12
07/10/2022
07:23
Nice update .. steady away
mattjos
06/10/2022
10:19
Generally, It depends if buy backs are materially greater (or smaller) than bonus shares issued to directors & staff...
rahosi
05/10/2022
16:59
Fair enough scrawl, each to their own

I am a fan of share buybacks

danmart2
05/10/2022
13:05
#4915 If the issue is resolved this time, they're hardly likely to have the same problem again in July 2023. Management will have better things to do; they will seek a long term resolution if they've any business sense at all.
bluemango
05/10/2022
12:52
danmart if they can't do a dividend then they can't do a buy back as the cash isn't in the holding company.
If you mean splitting the 5p divi ,that is payable, into a 3.5p div and the balance used to buy back then yes but I am one of the many who don't like them.

scrwal
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