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STCM Steppe Cement Ltd

19.00
0.00 (0.00%)
19 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 18.00 20.00 19.00 19.00 19.00 25,658 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 5876 to 5898 of 6100 messages
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older
DateSubjectAuthorDiscuss
14/12/2023
11:09
Who - Steppe or Deloitte's?
eggbaconandbubble
14/12/2023
09:01
they are incompetent fools,
wilo101
14/12/2023
08:50
They said "new tax legislation, which has taken effect in Malaysia, the Netherlands and Kazakhstan" so it sounds like a perfect storm.
zangdook
14/12/2023
08:24
I'm not aware of any UK tax problem for individuals. I think the problem might be recent Dutch changes to withholding taxes? There are Kazakh withholding taxes but I think the situation there is stable and I think last year's Malaysian problem of passing new tax law before expected exemptions got sorted was ironed out.
aleman
14/12/2023
01:07
Aleman 5881 - it is not a problem of UK tax for individual shareholders which is holding up the dividend.
xasy
13/12/2023
17:56
Any cash relating to the dividend won't be held in the holding company as it hasn't been moved up the various subsidiaries yet because of the tax problems so there cannot be any form of capital distribution made as those relate to the holding company.
scrwal
13/12/2023
13:21
That seems a reasonable presumption to me.

I'm surprised at the lack of buying after they've confirmed cash has been set aside to pay a 2 to 3p dividend or alternative form of return to shareholders. That's for last year. The current year generated little in H1 but H2 is looking much better and should see more added to the 2 to 3p, however we end up getting it.

I'm awaiting Kazakhstan's November cement production, hoping it will be a new record for that month, like September's. On the back of this, I'm anticipating a satisfactory H2 for STCM that will show in the January update.

aleman
13/12/2023
13:00
Presumably if they’re held in an ISA, there’d be no CGT to consider?
hairflick
13/12/2023
12:45
I note a capital return was mooted as an alternative at the interims in 2022 so would consider this to be a possible alternative to a dividend if the tax can not be sorted. A capital return is not dividend income but is a return of your invested capital that UK tax authorities treat as a reduction in the purchase price of your shares, so you pay a higher capital gain when sold rather than dividend income tax when you receive the payment.
aleman
13/12/2023
12:41
There are many solutions and many good ways, needs to be worked on by real experts, not Deloitte's and the Big 4
wilo101
13/12/2023
12:26
If they have tax concerns about extracting money to pay a dividend, the same concerns would apply with a buyback or a tender offer. I take them at face value.
zangdook
13/12/2023
11:21
Reading the rns seems to me a tender offer will be incoming in the new year.That will reduce the free float by ten or fifteen percent thereby smoothing the process of taking it private next year.FWIW i am going to top up,seen exactly yhe same tactics at rotala.Cant blame the concert party,if i was in their shoes i would do exactly the same.GLA
andydaf
13/12/2023
10:28
In the land of the blind the one-eyed man is king, the CEO and Deloitte's are not the right guys for this job and have made a horlicks of it
wilo101
13/12/2023
10:27
With shares at low 20’s I’m surprised the amount set aside for divi isn’t used as a share buyback pot. Circa 5/10% of the shares could be bought back boosting the share price given the relatively low free float and those needing income could sell a few.
lloydypool
13/12/2023
10:16
I am with you in the interpretation but am holding off buying as I don't have a clue how long simplifying the structure may take, what is involved and at what cost. If it is a drawn out process could see it sliding further. Anyone willing to share their experience or opinion on this?
pjmurf
13/12/2023
10:02
This rns is at least a month too late but it is better late than never
riskvsreward
13/12/2023
09:57
Amazing how two shareholders read an RNS and take from it two completely differing meanings. FWIW I am with you zang and have bought a few more this morning.
fozzie
13/12/2023
09:30
I read that as broadly positive and topped up - we have money, we want to give it to you, we're not going to give it to the taxman if we can help it, hang in there.
zangdook
13/12/2023
09:21
New RNS out.
So divi on hold for the foreseeable.

tag57
08/12/2023
11:49
If the present corporate structure as a public company is fiscally disadvantageous and difficult to improve, doesn't that make the attraction of taking the company private all the greater to the few big shareholders who call the tune?
1knocker
08/12/2023
11:04
Benign inflation figures saw another 0.25% cut to 15.75% in the Kazakhstan interest rate at the end of November. Every little helps. The central bank's inflation forecasts were maintained at 7.5-9.5% and 5.5-7.5% for 2024 and 2025 , respectively, so the interest rate is expected to fall considerably more in months ahead. (Inflation latest was 10.3% and the target is 5%. High was 21.3% in Feb.) The stockmarket loved the news, hitting a new high and is up over 30% since the start of the year.
aleman
08/12/2023
10:11
Potentially 25% Mattjos!

I'm quite close to talking myself into buying back in to these

bishan bedi
08/12/2023
10:09
Season went long as first real cold last night minus 26C in TSE
wilo101
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older

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