Steppe Cement Share Discussion Threads

[cheshire man] 08/1/2023 10:30

Thanks for that link bluemango :-)

[jeanesy] 07/1/2023 20:32

We normally get a trading update around the middle of January so could be next week ?

[bluemango] 07/1/2023 16:44

FWIW - Steppe Cement tipped in TMF:



"Analysts at the UN think almost 70% of the country’s population will be living in towns and cities by 2050. That compares with less than 59% last year. Based on these projections, the amount of cement Kazakh builders need will leap over the coming decades"

[wilo101] 07/1/2023 10:04

15.5p in dividends so far, with the pre-IPO 1p makes 16.5p, free and clear and possibly another 7p for 2022 will be 23.5p all up, with a share price of less than 50p, makes no sense, the share price should be at least GBP1, if not much more.

[bluemango] 05/1/2023 20:21

I would only start being remotely tempted to sell here, if the price rose enough to make the yield drop to around 7%.

At 5p dividend, that's 71.4p. At 6p dividend, it's 85.7p.

[wilo101] 05/1/2023 15:30

Dividends have been:

2018 1p for 2017
2019 3p for 2018
2020 4p for 2019
2021 2.5p for 2020
2022 5p for 2021
2023 7p for 2022?

[finctastic] 05/1/2023 15:01

Maybe finally have caught the attention of new investors here......... after the div and last weeks climbs. Hello, here we are, whatever is happening in the world's economy The Kazahk still needs plenty of cement. Safer than houses, because even they sometimes need rebuilt.

[fozzie] 05/1/2023 14:26

Very enjoyable watching this zip back and through 50p.

[rahosi] 05/1/2023 14:20

I'm guessing a big buy has yet to show

[jeanesy] 05/1/2023 14:08

trying to reach that 50p resistance point again

[jeanesy] 05/1/2023 13:46

re post 5280 ... who cares ?!

[wilo101] 05/1/2023 13:45

Buy, buy and buy Constable Ken, and yeh of little knowledge and faith

[mattjos] 05/1/2023 12:36

still tickling upwards &, frankly, so it damn well should be.

[eggbaconandbubble] 04/1/2023 11:34

Who's Tina?

[mattjos] 03/1/2023 09:08

indeed:

"Steppe Cement (STCM
Malaysian-incorporated, Kazakhstan-based cement producer, Steppe Cement, is one of
London’s more unique listings, but its impressive financial performance continues to defy market expectations. In the first half of 2022, the company shrugged off inflationary pressures and rising production costs to report a 65% increase in profits to $10.2m.
That momentum has continued in the second half of the year. A third quarter trading
update (bizarrely released just one week after the half year numbers) revealed that
revenues rose 13% in the first nine months. In the second half of 2022, Steppe’s shares outperformed the FTSE All Share by 35%.
Steppe Cement boasts a strong track record of profitability: the average ROCE and
ROE over the last 5 year period stand at 18% and 15.8% respectively. Those profits are efficiently converted to cash which has historically been distributed to shareholders in the form of a generous dividend handout.
But Malaysia’s new regulation on foreign sourced dividend income forced the company
to withhold its dividend payout this year and evaluate other means of returning capital to shareholders. This has since been resolved, but it highlights the risks involved with investing in foreign domiciled companies."

[eggbaconandbubble] 03/1/2023 09:03

Stockopedia have STCM as one of their 20 NAPS portfolio for 2023.

[return_of_the_apeman] 29/12/2022 12:19

48p paid today :-)

[elpirata] 28/12/2022 13:19

Thanks blue, I'll have a look!

[bluemango] 28/12/2022 11:12

Those liking Kazakhstan as a region for investment, plus favouring yield even if it means taking on an element of risk, might want to take a look at CASP, a tiny oiler paying a monthly dividend - near 13% annualised.

elpirata - might be your kind of punt?

[stun12] 23/12/2022 16:16

Nice close, well above 50p with the divi. Hopefully we can cement the gains into the new year. Teehee.

Merry Christmas to all.

[return_of_the_apeman] 22/12/2022 11:10

I did ask on the 24th Nov but have had no response. I am not worried about it enough to chase up an answer. They have responded to my emails in the past, I am assuming they thought it was a stupid question :-)

Hi IR Team,

Thanks for the update and I have seen the rns

I see the upcoming divi is not subject to Malaysian tax which is fantastic

How are you sure that the Malaysian govt will not interpret differently and then impose this tax retrospectively?

Feel free just to tell me, "I am worrying unessarily" :-) the brevity of the rns has just spooked me slightly

Thanks for your time

Much appreciated


On Wed, 9 Nov 2022, 15:23 , wrote:
Thanks for your help

We have analised all information available and moved forward.

An announcement is expected very soon



Kind regards,



IR team



From:
Sent: Wednesday, October 19, 2022 7:39 PM
To: [e-mail]
Subject: New Malaysian Dividend Tax guidance published 28th September



Hi Investor Relations,



Hope you are well...



I note there is New Malaysian Dividend Tax guidance published 28th September







I expect you have already seen it and know more than I do, however...



I just thought I'd forward it on incase it helps with the pending dividend



Kind regards

[leopoldalcox] 18/12/2022 20:46

I think that's most likely. Unfortunately they haven't told us precisely what happened, so it's not entirely clear. I assume the tax issue is resolved, but I guess we need to wait for the full year for confirmation