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STCM Steppe Cement Ltd

19.00
0.00 (0.00%)
Last Updated: 08:00:00
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
  0.00 0.00% 19.00 18.00 20.00 19.00 19.00 19.00 2,500 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cement, Hydraulic 86.73M 17.78M 0.0812 2.34 41.61M
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 19p. Over the last year, Steppe Cement shares have traded in a share price range of 16.00p to 40.00p.

Steppe Cement currently has 219,000,000 shares in issue. The market capitalisation of Steppe Cement is £41.61 million. Steppe Cement has a price to earnings ratio (PE ratio) of 2.34.

Steppe Cement Share Discussion Threads

Showing 5751 to 5773 of 6100 messages
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DateSubjectAuthorDiscuss
09/10/2023
18:22
will be paid in 12.23, ex in 11.23, like last year, season closes out end of 10.23
wilo101
09/10/2023
18:07
Current intention to pay a dividend this month, and still no declaration 9 days into the month?
Methinks the 'current intention' may have changed.

1knocker
06/10/2023
15:08
"The current objective is to pay a dividend of 2 to 3 pence per share before November 2023."
aleman
06/10/2023
12:54
Isn't it about time the dividend was declared if it really is to be paid by November?

Does that mean 'before November' or 'by the end of November'?

I can't see why we have not at least been told by now what the declaration, ex div and payment dates will be, even if they want to leave the declaration of the amount until as late as possible.

1knocker
06/10/2023
12:28
Afew nice buys .. hopefully some better news coming here
jeanesy
04/10/2023
09:25
numerous reent online articles seem to indicate the Kazakhstan economy swiftly bouncing back
mattjos
04/10/2023
08:01
Kazahkstan services PMI rises from 50.2 to 52.3.
aleman
03/10/2023
22:14
Key statement that there was around $14 million held in cash , so dividend will proceed
thordon
03/10/2023
16:56
Let us hope so Aleman
jeanesy
03/10/2023
16:46
Q3 update is usually the 2nd week in October (but has been as early as the 5th, from memory).

The current objective is to pay a dividend of 2 to 3 pence per share before November 2023.

Presumably, the dividend declaration will come with the trading update, and with a rapidly ensuing ex-dividend date, if there is one. Although I do not know what national pricing is doing, Kazahkstan's national cement volumes have picked up as the year has progressed, which bodes well. Given the company said the following, I am cautiously optimistic.

Volumes are recovering in the second half of the current year and prices have been slightly increased, while the cost of production is improving as well.

I think a decent H2 will mean there is a modest profit to pay a 2023 dividend from, and a 2022 dividend, to be paid soon, will be set accordingly.

aleman
03/10/2023
16:34
Trading update due plus dividend declaration in November?
plasybryn
03/10/2023
11:09
Kazahstan Manufacturing PMI for September rose from 52.4 to 52.8. This survey only goes back to March 2019 but is on the verge of breaking its record of 53. Job creation was second fastest since the survey started.
aleman
01/10/2023
19:23
Perhaps there is a market for concrete cots and playpens?
1knocker
30/9/2023
10:48
It's not a huge point with regards to STCM but it's worth acknowledging that there has been a baby boom in Kazahkstan in the last 15 years probably driven by economic factors. There was a boom in oil production from around 1998 and a boom in GDP growth from around 2003. These followed years of economic austerity and disclocation before and after the break-up of the Soviet Union. The great economic expansion from about 20 years ago probably led to a significant rise in optimism about the future. Birthrates rose strongly and there is now a surge in young adults coming into the workplace that should drive further expansion for a decade or two.



I don't know if STCM can take any advantage of this but it sure beats being in a shrinking market. They will need to keep modernising equipment to keep up with competition as new cement plants are being built to keep up with the growth in the population and economy.

aleman
29/9/2023
14:41
Pinged an email off to investor relations after the results, unfortunately not had a reply back yet

I note there is some pressure on margins in your half year report released today

I expect this is the same for your competitors and I expect you monitor their margins but I am struggling to find this information

I am trying to work out if you are a bottom quartile cost producer in Kazakhstan please would you be able to let me know?

Thanks for your time

return_of_the_apeman
26/9/2023
07:53
Kazahkstan's August industrial production was good and cement production was above 2022 and almost back to 2021 levels so the market STCM is operating in seems to be continuing to recover.

The Q3 update would typically be in about 2 weeks.

aleman
20/9/2023
16:35
I presume there'll be dividend news with the Q3 update in about 3 weeks.
aleman
20/9/2023
10:47
CEO says the current objective is to pay 2-3p dividend before November after H1 finished. He tells us in yesterday's H1 report that H2 volumes, prices and costs have all improved. Straight after that, so insider buying is allowed again, his family buys £37k+ worth of stock. HHHhhmmm...

Granted, it's small compared to total family ownership.


"Before November" only allows 6 weeks to declare and pay any dividend.

aleman
20/9/2023
10:25
RNS out - decent buy from CEO yesterday. Always reassuring.
tigerbythetail
20/9/2023
10:25
CEO bought another 160k yesterday.Think this *could* be a good recovery play as demand picks up and inflationary increases drop.
fft
19/9/2023
17:33
Wrong thread.
aleman
19/9/2023
14:19
National cement sales were down about 18% in Q1. They were up about 3% in Q2. That looks more like severe winter disruption than a softened market to me and would explain why they talked of a 2-3p dividend after H1 had finished. Clearly the Q2 trend was much better. Presumably, they want to see if the better Q2 trend is sustained into H2 before deciding the dividend for 2022.
aleman
19/9/2023
13:23
The board had already flagged that sales had fallen and that to recover lost market share they had cut prices. This means it is difficult to predict what the results going forward will be as we don't know how revenue recovers nor do we know the revised margins going forward.
Is it a recovery play - probably but what is the recovery. Only a clean set of 6 months of results under the new revenue/costs pricing/margins will give an indication.
In isolation the results are bad and you have to question paying any dividend at this point in time even though it's based on the prior year figures but that shouldn't matter as the immediate cash position is more important.

scrwal
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