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STCM Steppe Cement Ltd

19.50
-2.00 (-9.30%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -2.00 -9.30% 19.50 19.00 20.00 21.50 19.50 21.50 365,431 15:09:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cement, Hydraulic 86.73M 17.78M 0.0812 2.40 42.71M
Steppe Cement Ltd is listed in the Cement, Hydraulic sector of the London Stock Exchange with ticker STCM. The last closing price for Steppe Cement was 21.50p. Over the last year, Steppe Cement shares have traded in a share price range of 19.50p to 45.00p.

Steppe Cement currently has 219,000,000 shares in issue. The market capitalisation of Steppe Cement is £42.71 million. Steppe Cement has a price to earnings ratio (PE ratio) of 2.40.

Steppe Cement Share Discussion Threads

Showing 5076 to 5100 of 6025 messages
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DateSubjectAuthorDiscuss
10/11/2022
09:22
Folk will, of course, fixate on the dividend but most will completely miss the fact that the business and it's assets are trading at ridiculously low levels.

There is a cracking company here is that is throwing off cash and growing nicely.
The Kazakh economy is going to do very, very well in the years ahead.
As wilo has pointed out, a large influx of predominantly male Russians has recently arrived and their family members will soon follow. This is going to put quite a lot of upward pressure on the housing and infrastructure of the country and those two sectors are voracious users of concrete.

mattjos
10/11/2022
09:19
5p/47p/22days*365days = 176% equivalent annual yield

Or since you only need to hold until ex-dividend,
5p/47p/7days*365days = 554% equivalent annual yield

I don't think it's very meaningful to calculate an annual yield based on adding two years' dividends together, just before it goes ex for the first.

zangdook
10/11/2022
09:12
Well, a bird in the hand is worth more than two in the bush.
And a dividend declared is worth a lot more than a dividend promised but delayed and snared up in corporate tax niceties.
So what is STCM worth this morning? Company is stable and well-run. Current trading and outlook is good. Other than this year's delayed dividend (5p), we should be looking at another 5p - 6p dividend next July.
Based on the numbers, I'd expect the share price to rerate into the low 60s on this news. But the free float here is very low, and AIM is unpredictable, so if this "runs", it could go much higher.

tigerbythetail
10/11/2022
09:11
Bluemango

I calculate it as 10p/47p/8months*12months = 32% equivalent annual yield
Expect 11p though as fundamentals are improving here


Can't believe this is still totally under the radar

2nd on the top riser's leader board, no press coverage today and no new posters here

What time do tipsters sharpen their pencils these days??

If there are any new lurkers frantically doing research and wanting to ask a few questions, fire away, we are a friendly bunch

return_of_the_apeman
10/11/2022
09:00
Edit: Got my sums wrong! 10p dividend (possibly more) within just 8 months at 47p buying price, is equivalent to an annualised yield of 32%.

In a reliable, successful and likely revenue-growing business.

bluemango
10/11/2022
08:42
#5095

"Still over 10% Yield in 8 days time at full Offer price"

And likely to be the same dividend or more, just 8 months after that! Absolute no-brainer, firm hold.

bluemango
10/11/2022
08:41
The resistance on the chart at approx. 62p has to be the first short term target here

At 62p the equivalent annual yield would be 23.7% and the forward yield from July next year being 9.7% for this very fundamentally solid but boring business

I expect the fundamentals can support a higher price than 62p, we shall see

return_of_the_apeman
10/11/2022
08:36
Bought a few more.......better late than never......is what happens when you have a long lie.
11_percent
10/11/2022
08:35
Still over 10% Yield in 8 days time at full Offer price. Some folk are truly stupid
mattjos
10/11/2022
08:27
11_percent

Correct, if it was taxed the 24% tax would have to be deducted before it is paid so they would have declared 3.8p

return_of_the_apeman
10/11/2022
08:27
Do please keep selling, whoever it is
mattjos
10/11/2022
08:24
Am I right in saying there is no tax on that 5p.
11_percent
10/11/2022
08:19
Topped up - 11p by next July (8 months) is equivalent to an annual yield of 33% for a shr price of 44p and 13.6% forward yield after July :-)
return_of_the_apeman
10/11/2022
08:17
Wan, probably lol.
Can’t help but buy more.
Re rate must be on the cards

gutterhead
10/11/2022
08:16
Really? There are actually some sellers.
aleman
10/11/2022
08:15
I suspect they just went,,, sod it, just pay the divi,,, ie no resolution!?

Cheers
Wan :-)

wanobi
10/11/2022
08:11
Surely this will rerate to a more appropriate level now.

Saying that where’s the detail of what’s happened with the long ongoing saga that’s stopped the dividends being paid until now ?

dodger777
10/11/2022
08:09
Perhaps the liar and fraud wilo101 will finally give up now.

There will probably still be gullible idiots who insist on believing he's some sort of insider, but maybe there will be less of them.

constable ken
10/11/2022
08:07
Fantastic news! Would love to hear the detail on resolution.
drdre
10/11/2022
08:00
Massive news - that's 10-11p by next July
return_of_the_apeman
10/11/2022
07:27
And you can buy and get div!!
gutterhead
10/11/2022
07:26
Hoobloodyray
gutterhead
10/11/2022
07:24
Straight and to the point. Not giving much away !
jeanesy
10/11/2022
07:10
Indeed, one short and sweet RNS
danmart2
10/11/2022
07:05
Whoever wrote that RNS must have been in a hurry to get the train this morning!
bishan bedi
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