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STCM Steppe Cement Ltd

19.00
0.00 (0.00%)
25 Apr 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
  0.00 0.00% 19.00 17.00 20.00 - 0.00 07:30:42
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 5826 to 5850 of 6100 messages
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older
DateSubjectAuthorDiscuss
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/mr2zzax9

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
21/11/2023
17:18
So volumes were -11% in H1 but +9% in Q3/23 v Q3/22 (itself 2% above Q3/21). The company said at Q3:

"It is pleasing to report increased revenues for the third quarter this year, with improved volumes being driven by adjusted pricing. Despite a slightly smaller domestic cement market so far in 2023, we remain confident that the Company will continue (to) deliver strong sales figures going forwards and look forward to providing updates in due course"

The national Kazakh cement market has now started Q4 at a seasonal record level (just) after a recovery from a series of significant monthly y-o-y falls between August/22 and March/23, aggravated by sharp rate rises between March/22 and January/23 (10.25% to 16.75%) and disruptive winter weather - but now with easing inflation and a couple of interest rate cuts (to 16.0%).

June 30 saw debt at $6.7m and cash at $6.0m. Cash at 10/10/23 was reported as $10.0m so a rise of $4.0m in the first 15 weeks of H2.

Yet the share price continues to fall. I find it utterly baffling, given the strong economy, strong cement market and much improved Q3 sales. I topped up again and very much look forward to the year-end update in January.

aleman
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older

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