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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 0.00 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 5851 to 5875 of 6100 messages
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older
DateSubjectAuthorDiscuss
08/12/2023
10:09
Deloitte are hopeless at such work, stupid CEO would not listen, thinks he knows best always but he is clueless on such corporate and tax structuring issues
wilo101
08/12/2023
10:08
Last thing we want is for the divi to get clobbered with 10,15,20% tax.
Surely bettter to wait while they sort this out and, in the meantime, the cash will be earning interest in the bank

mattjos
08/12/2023
10:01
many thanx Mj :-) Cheers Wan :-)
wanobi
08/12/2023
09:57
Did they get Deloitte in for the restructuring Wilo? The big four are way too rigid and unable to think commercially for that type of work.
bishan bedi
08/12/2023
09:53
I can vouch for Dutch subsidiaries being problematic, as a result of the CFC rules brought in in recent years.

We've just finished a restructuring that took months to get to the bottom of, the rules are unclear, untested, and leave a lot to interpretation. I hope they have good tax lawyers, it is very complicated (but possible!)

bishan bedi
08/12/2023
09:52
I believe they have explained the situation well enough.
It's a complex situation & you can imagine what it's like with Accountants and Govt. tax officials - like pulling teeth.

mattjos
08/12/2023
09:47
Now the shares in CAC and Karcement owned by CAC Holdings BV have to be transferred to it, and also need to get rid of the Dutch and NA entities so Labuan owns SCALAIFC and it the 2 Kz subs, Deloittes are and were the wrong choice for this job, stupid JDSP
wilo101
08/12/2023
09:43
hxxps://publicreg.myafsa.com/details/230540900399/, Steppe Cement Astana Limited
wilo101
08/12/2023
09:43
Might they communicate that to shareholders Matt?
fozzie
08/12/2023
09:40
Deloitte's are half-wits bad choice
wilo101
08/12/2023
09:36
I've had some dialogue with the CEO & it is the tax restructuring process that is the cause of the delay
mattjos
08/12/2023
08:51
I still interpret it as being held up in ongoing tax restructuring.

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.

aleman
08/12/2023
08:33
If they knew they would not pay it or more unlikely to pay it,why would they make that statement about their objective? Most of posters here after that statement have interpreted it meaning a payment is coming. Furthermore, they should have retracted it as soon as they knew they were not paying it at all. It was still misleading to those investors who have been impacted in their investment decision based on that statement.
riskvsreward
08/12/2023
08:26
This is not a company which has always paid dividends at the same time for years - we know they've been adjusting their corporate structure because of complex tax issues. I agree we're entitled to moan that they're not more forthcoming - that seems to be a common theme with small companies operating abroad these days - but we shouldn't be completely surprised that the dividend didn't turn up.
zangdook
08/12/2023
07:30
As wan says, they didn't declare a dividend, they just said it was their objective to pay one.It's helpful to know their thinking even if the plan didn't work out yet. Yes, it would have been nice to have an update once they realised they weren't going to make it, but we know they've probably got some money set aside for us, assuming it's corporate structure tax complications still holding it up.
zangdook
07/12/2023
18:50
correct,,, they said...

12 July 2023 - Steppe Cement Ltd - Market update for the first half of 2023

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

so it was only ever an objective,,,, not a promise or announcement/confirmation of a divi at all...

Cheers
Wan

wanobi
07/12/2023
18:42
zangdook - they didn't do what?
eggbaconandbubble
07/12/2023
18:30
Seems to be dragging on with this dividend business.In my view management will take this private.Hard to see any benefits for maintaining a uk listing.I hope i am wrong as i see a long life cement works as a sound investment.As always GLA
andydaf
07/12/2023
15:43
very, very, poor from management!! grrr!!! Cheers Wan
wanobi
07/12/2023
13:13
They didn't do that.
zangdook
07/12/2023
12:50
Is there a class legal case for the small PIs to take against the board for misleading the investors by stating clearly that a dividend of 2 to 3 p to be paid in November?
riskvsreward
07/12/2023
12:07
I think it is generous to put the silence down to 'cultural differences'.

The company stated that it expected to pay a substantial dividend. Income investors ely upon such indications to estimate their prospective income, and one would not expect a dividend of such a size to be passed without some significant change in the trading outlook, or the company business model. Such matters should be notified to shareholders. Failure to do so indicates a lack of concern, even contempt, for the shareholders. Where the majority of the shares are held by a few hands, it suggests to me that the board regards the company as a 'private venture', belonging to those few substantial shareholders (who are almost certainly kept better informed than are the small PIs), and that the small PIs cannot rely upon the board to be even-handed or to have a proper regard for their interests. Its a warning to watch our own backs, because the board will not.

1knocker
07/12/2023
10:48
STOPH I agree with you but I also think one has, in part, to understand cultural differences. Despite being listed in the UK this is still a fact of life.
eggbaconandbubble
07/12/2023
10:44
Sadly the management have made themselves uninvestible...maybe thats the intent!!!
renewed1
07/12/2023
10:29
There's usually a trading statement in early January, perhaps they'll say something then.
zangdook
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older

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