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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.00 | 14.00 | 16.00 | 15.00 | 15.00 | 15.00 | 34,746 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cement, Hydraulic | 81.76M | 4.53M | 0.0207 | 7.25 | 32.85M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/12/2023 10:29 | There's usually a trading statement in early January, perhaps they'll say something then. | zangdook | |
07/12/2023 09:14 | So have we given up on a dividend now and decided that the Board are too ignorant to notify us? | ![]() stoph | |
28/11/2023 13:19 | The RNS actually states that his family have made the purchase of shares. Is that a dodge around a closed period? | ![]() eggbaconandbubble | |
28/11/2023 13:18 | Yes, small change. Look at the capital outlay, not the number of shares. What may be significant though is that I was sitting on 8.6% of the company I would be looking to increase my holding if I thought the dominant shareholder was looking to take it private.I would want to be in a position to take my place at the table - and not as the lunch! Passing on dividends is also a classic way of softening up small shareholders for a cheap take out. | ![]() 1knocker | |
28/11/2023 12:58 | Really wouldn’t surprise me if this none communication on dividends is a pre cursor to them taking it private. JDS is happy enough to pick up more at 23p so long term this is likely to be fine and the current price is down with the the rest of the market, small change in sentiment and there is going to be a big rerate imho. | ![]() lloydypool | |
28/11/2023 12:15 | RNS that Javier del Ser has just added another 100,000 shares. Good to see further commitment. Now has 19m shares / 8.68%. I just took a small top up too. | ![]() gb904150 | |
23/11/2023 19:19 | Central asia has held up well this year all things considered.As it is seems to me they are now positive to the tune of 4 million with more money to flow in from a busy september and october.The ceo is not panicking and neither am i.GLA | ![]() andydaf | |
23/11/2023 09:36 | 12.07.2023 - The current objective is to pay a dividend of 2 to 3 pence per share before November 2023.. Too late for this time frame now, I think it will be a miss this year, they need to fill up the reserves and reduce debt, but happy to be proved wrong.. :o) | laurence llewelyn binliner | |
23/11/2023 09:31 | I don't see why that should be the case. It was RNS'd to the market several months ago that the board were considering a dividend for November - if we get an RNS soon announcing one then this share purchase is hardly 'insider dealing'? | ![]() king suarez | |
23/11/2023 09:29 | So does this mean we can’t expect any update rns or dividend info in the foreseeable future since he’s bought just yesterday ? | ![]() dodger777 | |
23/11/2023 07:52 | Nice RNS - reassuring. | ![]() plasybryn | |
22/11/2023 22:09 | They ran high stock levels in Dec and June after the market turned bad with exceptionally cold weather and rail disruption. The market has turned strong again. If they run stock back down again to previous levels, it could pretty much free up $6m to $7m and wipe out debt but they'll probably run with the $3m cheap finance deal for wagons. That would free up about $4m cash, taking the total to $10m or net cash of $7m. Oh .... that might be what happened. It's probably not that simple in practice but a better Q3 and record October demand certainly looks like an opportunity to turn excess stock back into cash and fund a dividend. Q3 is normally a quarter where they convert stock to cash. (Nearly 600k tonnes sold in Q3 v 700k in Q1 and Q2 combined.) They sold an extra 60k tonnes this Q3 compared to 2021 and 2022 - likely to be extra stock conversion on top of normal Q3 stock conversion. Just the 60k extra is $3.0m. They potentially freed up $6m cash or more even without making any profit in Q3. Nationally, Q3 is the strongest for sales so likely to be the most profitable quarter - so maybe add a bit of profit on for that? Yes. I'm still expecting a dividend. | ![]() aleman | |
22/11/2023 18:14 | 30.06.2020 - Borrowings of USD3.2M | cash balance USD9.6M | net cash 6.4M 30.06.2021 - Borrowings of USD6.1M | cash balance USD13.5M | net cash 7.4M 30.06.2022 - Borrowings of USD5.4M | cash balance USD14.7M | net cash 9.3M 30.06.2023 - Borrowings of USD6.7M | cash balance USD6.0M | net debt 0.7M 10.10.2023 - Cash and cash equivalents of USD10M | debt of ..? Still expecting a dividend..? do they have any cash to distribute, with 219M shares in issue I doubt they could afford a penny payout this year..? (USD2.75M) | laurence llewelyn binliner | |
22/11/2023 16:25 | Poor excuse...theyve had all year to sort such a problem out. | ![]() renewed1 | |
22/11/2023 16:14 | I going to phone Perez in the morning and see what I can glean. | ![]() eggbaconandbubble | |
22/11/2023 15:58 | Ebab - reread the statement. It might possibly be delayed in the restructuring for tax purposes. Maybe they thought it would be done by November but it isn't. I doubt it's because of trading, given how much the national market has strengthened, which they could not possibly have known when this statement was issued, and given the $4m rise in STCM's cash balance since. In response to evolving tax legislation in the jurisdictions of our intermediary holding companies, we have diligently continued the restructuring of the Company's holdings to mitigate the potential risk of withholding tax on the dividend stream. Our efficiency enhancement strategy focuses on both streamlining the structure and minimizing associated costs. In line with this strategic realignment, Steppe Cement has incorporated a wholly-owned subsidiary in the Astana International Financial Center (AIFC) as a future holding company of the Kazakh operating entities. The Kazakh operating subsidiaries will remain 100% owned by Steppe Cement through its subsidiary companies. The current objective is to pay a dividend of 2 to 3 pence per share before November 2023. Changing tax framework and structure has accounted for previous dividend delays. Perhaps it is also the current cause. That's how I interpret it. | ![]() aleman | |
22/11/2023 15:34 | If there's nothing bad in the company's performance it may be ongoing tax complications. RNSs give this number: Javier del Ser Pérez, Chief Executive Officer Tel: +(603) 2166 0361 | zangdook | |
22/11/2023 15:29 | Aleman - so no drop off in cement production over the last three years. STCM cannot be doing too badly so how come the total silence and going back on their word about the divi.? One assumes this is either because of bad news or more likely to my mind - good news that is being held up or back for some reason. Can these guys be contacted by phone? | ![]() eggbaconandbubble | |
22/11/2023 14:26 | Steppe Cement is a 'riddle wrapped in a mystery inside an enigma'!!! | ![]() eggbaconandbubble | |
22/11/2023 11:51 | 5 years of Kazakhstan national cement output by month showing the new October record. (ADVFN did not like the link - just past and remove the space.) h ttps://tinyurl.com/m | ![]() aleman | |
22/11/2023 09:55 | Here was Vicat's recent take on its operation in Kazakhstan - note the blame on (extreme weather related) rail disruption and strong Q3 recovery. Sales were -10.2% at H1 so a very strong turnaround to +18.7% in Q3. After a tough first half of the year marked by tensions across the rail logistics supply chain, the Cement business in Kazakhstan recovered. Volumes recorded strong growth in the third quarter after an additional fleet of wagons was secured, enabling a return to a growth momentum over the 9-month period, albeit with higher logistics costs. Prices remained stable over the period. As a result, Cement sales grew +18.7% in Kazakhstan at constant scope and exchange rates in the third quarter. STCM's turnaround is -16% to +8%. And, as posted earlier, the Kazakhstan market grew even stronger after Q3, recording a new October record for volume. We can only speculate on prices but they do seem to follow on the volume trend fairly quickly. I dare say the mix of wet and dry, etc. and regional variations come into play but hopefully record national sales mean any stock excesses from previous poor trading will have been eroded. And don't forget that STCM took a margin hit in H1 with extra downtime and maintenance cost. Since then, they've said production costs are improving. | ![]() aleman | |
22/11/2023 09:41 | Most recent trading announcement moderately encouraging, then: indicated dividend timetable not carried into effect (it is probably now too late even to pay a dividend on the anniversary of last year's dividend), complete radio silence from the company, falling share price (not much volatility, just flat periods with periodic ratchets down) on reasonable volumes. That does not look like an invitation to top up to me. | ![]() 1knocker | |
22/11/2023 09:06 | Topped up sub 23p this morning. No idea really, but wanted to get my average down a bit and also to replace some I panicked out of in the high 30s. The rise in volume is interesting, though the fact it's associated with new recent lows is not necessarily a good thing. | ![]() stun12 | |
22/11/2023 08:48 | RSI = 8 Never seen one that low before. | ![]() 11_percent | |
21/11/2023 17:30 | Much better volume. free stock charts from uk.advfn.com | ![]() aleman |
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