Steppe Cement Share Discussion Threads

[elpirata] 12/10/2022 09:01

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!

[return_of_the_apeman] 12/10/2022 08:50

Yeah 300,000 bought by an insider, a very good confidence booster :-)

[danmart2] 12/10/2022 07:19

2x RNS out this morning

[mattjos] 11/10/2022 17:34

someone apparently picking these up in decent chunks

[mingo6] 11/10/2022 16:42

Need some good news all my shares are taking a beating

[bluemango] 11/10/2022 11:35

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.

[jeanesy] 10/10/2022 16:57

Looks like 3 nice 50k buys today and yet the shareprice is down. Strange .

[danmart2] 08/10/2022 18:28

More than achievable, 6p looks more likely on the RNS information.

[mattjos] 08/10/2022 13:12

intention to pay another 5p or perhaps 5.5p dividend for FY22 looks achievable.

[king suarez] 07/10/2022 11:02

Basically - shares are cheap based on many metrics :)

[aleman] 07/10/2022 10:22

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 09:47

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.)

[jeanesy] 07/10/2022 09:33

112k of buys and no move up. Maybe there is a big sell being worked ?

[jeanesy] 07/10/2022 09:19

A pretty solid update. With news to come about the dividend in November. A few buys so far today.

[stun12] 07/10/2022 09:15

Suits me fine. I hate wading through the corporate-speak of most of the other companies I'm invested in.

[stun12] 07/10/2022 08:45

I think they must be charged by the word for their RNSs. Talk about brief and to the point. All looks OK though.

[mattjos] 07/10/2022 08:23

Nice update .. steady away

[rahosi] 06/10/2022 11:19

Generally, It depends if buy backs are materially greater (or smaller) than bonus shares issued to directors & staff...

[danmart2] 05/10/2022 17:59

Fair enough scrawl, each to their own

I am a fan of share buybacks

[bluemango] 05/10/2022 14:05

#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.

[scrwal] 05/10/2022 13:52

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] 05/10/2022 13:47

#4908 Yep I wasn't relating stuff about future events so yes the problem will come around quickly again.

[finctastic] 05/10/2022 11:59

Haha, both guilty as charged I recon.