Steppe Cement Share Discussion Threads

[return_of_the_apeman] 12/2/2024 12:02

Danmart2,

Have you emailed them and had a response back? They failed to respond to my email (but have responded in the past)

Thanks in advance

[danmart2] 12/2/2024 06:06

I encourage all investors to email the company

[tigerbythetail] 11/2/2024 20:38

Yeah, I have shares, for good or bad. And you're filtered. Good luck working on your social skills.

[riddlerone] 11/2/2024 18:49

Another for the filter list

[riddlerone] 11/2/2024 18:45

I am not convinced you are a shareholder here even though you seem to word your posts as if you are so excuse me for being suspicious

TigerByTheTail - 15 Jan 2024 - 13:01:57 - 5941 of 5994 Steppe Cement - Kazak Infrastruture Play - STCM
My short term and medium term expectations for STCM in conflict here.
Short term I can see why this might drop further - management hasn't given investors any good reason to hold onto these shares for now. The delay in the dividend payment makes management look incompetent.
However, medium term this is a good solid business. And once management sort the corporate structure issue out there could be a "double dividend" paid out this year that might amount to around 25% of the current share price.
Conclusion: I'm looking to buy. But not today. Not yet.

[wilo101] 11/2/2024 12:27

See the US$16.94billion market-capitalization of Kaspi.kz now listed also in NYC, as well as Friday's succesful IPO of Air Astana with a market capital in London of US$870, note also the large market-cap of Kazatomprom, the world's number one uranium miner

[riddlerone] 11/2/2024 12:07

Lastly here is a link to show what the true value of the plant is let alone the established customer base.Steppe plant 2m metric tonnes capacity for comparison .Completion date for Korcem plant has been put back to 2025





With a construction cost of approximately US$153.0 million (S$206.8 million), the new cement plant will comprise, specifically, a dry process cement clinker production line with a daily production of 3,500 metric tonnes of clinkers. Construction started in the last quarter of 2021 and is expected to be completed by mid-2024. Upon completion, the Korcem plant will have an annual cement production capacity of 1.5 million metric tonnes



Kazakhstan: KORCEM has started construction of a 1.2Mt/yr cement plant in Kordai District. It
is expected to be fully operational by 2025

[riddlerone] 11/2/2024 10:07

Don't buy in on any conspiracy theories they normally come with boredom or an alternate agenda.

[riddlerone] 11/2/2024 09:47

If you look back to 2018 they had a similar flat H1 then managed to make $9m after tax year end.October cash position 2023 had improved from H1 $6m to $10m so would hope they will replicate or more likely improve on that performance.

[tigerbythetail] 10/2/2024 20:56

Oddly, it's not the profitability of the underlying business that worries me. The Kazakh economy has picked up and I'm confident that the concrete business will pick up with it.
It's the corporate shenanigans that worry me. Why haven't the board at least informed us what they intend to do? (Yes, it might take time to realise a corporate restructuring, but they could lay out a plan!). Something isn't right here.
I wonder if we're not being set up for a low-ball take-private offer.

[leopoldalcox] 09/2/2024 13:27

I'm not currently tempted to add. Would like to know the figures for most recent period as last financials were barely profitable. If they can turn the corner, however, this could start making serious money again

[danmart2] 06/2/2024 13:09

Anyway, things will settle down in Kazakh

New PM appointed today

hxxps://www.rferl.org/a/kazakh-government-resigns-toqaev-appoints-pm/32806003.html


hxxps://astanatimes.com/2024/02/domestic-demand-to-drive-gdp-growth-in-2024-in-kazakhstan-says-national-bank-governor/

[danmart2] 05/2/2024 14:54

Malaysia is also calendar year for tax Jan to Dec

Curious as to why the dividends are traditionally paid June/July and oct/nov

[wilo101] 04/2/2024 22:36

Kazakhstan has a 01.01 through 31.12 financial and tax year.

[danmart2] 04/2/2024 17:43

The Netherlands tax year is Jan to Dec so I don’t think it will be a factor in when dividends are paid.

Does anyone know the Kazakh and Malaysian tax year details?

[mattjos] 02/2/2024 14:31

I've made a modest addition here today.
This is pretty damn cheap now & seems to be so more out of impatience than the business fundamentals.
The CEO has stepped in around this level before now to add to his holding

[tigerbythetail] 02/2/2024 11:08

Evidently the structure doesn't work. Not for anybody.
I'm mystified as to why there is a Netherlands company between the Kazakhstan producing entity and topco.
I don't doubt that STCM in Kazakhstan is doing well. But the directors ought to be embarrassed by their failure to sort out this problem. It really isn't good enough.
(That is, unless it is all a charade whose purpose is to soften shareholders up for a lowball take-out offer. In which case the directors should be ashamed.).

[zangdook] 02/2/2024 08:49

Not sure that explains the Netherlands part

[rahosi] 02/2/2024 08:16

Can someone please elaborate why such a complex international corporate structure was put in place?

[danmart2] 01/2/2024 16:36

I do suspect they will announce the dividends before the summer, no obvious reason why it couldn’t be any day

[aleman] 01/2/2024 10:14

Kazakhstan manufacturing PMI rose from 48.6 in December to 50.5 in January.

Remember there was another 0.5% off interest rates in the middle of January but that's still about 6% above the falling inflation rate while the exchange rate (to $) has been stable for about 18 months. Presumably that leaves scope for more rate cuts. The cement market was already strong in Q4, with a couple of monthly volume records. I can see it getting even stronger and breaking more records in 2024, with prices recovering further to significantly enhance margins.

Shares should be going up - not down. If we ever get profit distribution sorted out, there should be a big jump.

[zangdook] 31/1/2024 17:10

If they could borrow money and use it for buybacks they could equally use it to pay dividends.