Steppe Cement Share Discussion Threads

[mattjos] 29/3/2024 16:49

I did email the CEO re the divi and was advised there will be an update on the subject in April

[farrugia] 29/3/2024 16:26

has this stock ever paid dividends? If not where do the profits go year after year?

[eggbaconandbubble] 29/3/2024 14:06

Smart thinking Batman!

[zangdook] 29/3/2024 13:59

It would be nice if they did it around those dates, I could buy some more beforehand with the new ISA allowance and then sell from my non-ISA holding into the enormous spike following the good news.

;-)

[wilo101] 29/3/2024 12:58

Is normally an RNS in early April, in 2022 and 2023 was 12.04 and in 2021 was 11.04.21, and before that about the same time for all years, so news as to preliminary results for 2023, trading update and hopefully dividend declaration news is close to announcement - STCM seems to follow a regular sequence and timing so, fingers crossed for some overdue news

[king suarez] 29/3/2024 12:11

Who/what do you mean by AIM?

[ih_833185] 28/3/2024 19:41

You would have thought AIM would have made a move by now

[1knocker] 20/3/2024 15:16

The share price trend is slowly, but inexorably, downwards.

This company is run for at the direction of a few big holders. what suits them is what we will get.

I curse the day i bought Steppe. A lesson not to be clever playing with obscure AIM stocks in difficult jurisdictions.

[user2007] 18/3/2024 18:37

Given the poor H1 but improved 9 month figures, I assume the overall 2023 numbers will be far from the 2022 figures, especially profit wise. Let's hope it will allow distributing 1p as a 2023 divi. I don't expect more. Together with say 2.5p divi from 2022 it would not be too bad this year.Obviously, if they find a way to distribute it....Some selling today, hopefully just people running out of patience.

[wilo101] 18/3/2024 13:23

There is no doubt 2023 will prove to be quite respectable

[danmart2] 18/3/2024 12:23

Another day of selling…..

[wilo101] 16/3/2024 13:10

No point in listing on KASE or AIFC AISX as there is no real market, demand or liquidity, all list in London, NY or Canada, see the recent Air Astana listing and IPO though they did a secondary offering in country

[farrugia] 16/3/2024 07:50

what i don't understand is how this company is listed in London and not in Kazakhstan. Isn't that a big of a red herring - why aren't they listed in the country they're operating in?

[wilo101] 16/3/2024 02:43

TCO, KPO, CVX, XOM, NCOC, Cameco, Areva, ERG all major players so no rational reason for delay here by the hapless Blutel

[wilo101] 16/3/2024 02:31

All major investors structure so as to fund capex by inter-company loans and so there are no tax issue in repaying principal on loans ,of course, and interest is treaty-relieved.

[riddlerone] 15/3/2024 14:01

"Industrial output in Kazakhstan rose by 5.7% year-on-year in February 2024, accelerating from a 3.4% growth in January"

[riddlerone] 14/3/2024 12:29

The economic activity in Kazakhstan grew by 5.2% year-on-year in February 2024, quickening from a 4.3% rise in the prior month.

[aleman] 07/3/2024 22:25

return_of_the_apeman 7 Mar '24 - 17:53 - 6017 of 6019

Margins need to improve significantly, we do not know what Q4 looks like yet but the first 9 months were dire

No - not quite. Q3 was unlikely to be dire. H1 was dire yet still broke even. Volumes and prices were better in Q3, in line with better national figures, and should be respectably profitable. October and November were records nationally for volume and December was very strong so I anticipate strong volumes and further margin improvement. Hopefully, it will be a strong Q4 to make a fairly decent H2 and a moderate contribution to cashflow that should be available to distribute to shareholders ... eventually.

[1knocker] 07/3/2024 19:34

I am increasingly wondering what is going on here. I suspect that the big shareholder is calling the shots. I do woder whether it will be taken private for a song. I feel not the slightest inclination to increase my exposure here.

[return_of_the_apeman] 07/3/2024 17:53

Don't hold your breath for dividends of 5p per annum, H1 profit was 100k

Margins need to improve significantly, we do not know what Q4 looks like yet but the first 9 months were dire

"Volumes are recovering in the second half of the current year and prices have been slightly increased, while the cost of production is improving as well.

General inflation in Kazakhstan was 17% during the period, but the situation has improved in the second half of 2023.

The Group posted a small net profit for the period of USD0.1 million compared with USD10.2 million profit after tax in the same period in 2022."

"For the nine months ended 30 September 2023, Steppe Cement recorded revenue of KZT 31,093 million compared with KZT 32,651 million in the corresponding nine-month period in 2022 (a 5% decrease).

-- The increased revenue in the 3 months to 30 September 2023 was largely attributable to the sales volume of 593,352 tonnes, a 9% increase from the third quarter in 2022 due to improved production levels in the factory as well as an average 5% price reduction applied to products sold.

-- For the first 9 months of 2023, the sales volume decreased by 1% to 1,342,386 tonnes from 1,362,407 tonnes in the corresponding period in 2022.

-- The average price (ex-VAT) for delivered cement was KZT 23,163 per tonne in the first 9 months compared with KZT 23,965 per tonne in the corresponding period in 2022. For the first 9 months of 2023, the ex-factory price stood at KZT 19,810 per tonne, a decrease of 6% from KZT 21,023, the corresponding price in 2022.

-- The Company expects that EBITDA for the year ended 31 December 2023 will be lower than in 2022 principally due to a lower pricing environment and the impact of inflation on energy and other input prices.

[tag57] 07/3/2024 16:56

The 5p dividend paid in Nov 2022 was for 2021 financial year so we should be getting 2 years of dividend this year, at some time, maybe, fingers crossed, eventually, subject to tax jurisdictions etc.

[spawny100] 07/3/2024 16:54

Brave man Mattjos. Trouble is most people want a little more certainty that a "possibility" when investing. I know I do. I'm watching this one from the sidelines awaiting news of dividend etc.

[mattjos] 07/3/2024 16:12

Have had a few more recently ... chart shnows some signs of stabilisation around this level now.
A real possibilty that we'll see two x dividends paid over the next 12 months

[wilo101] 05/3/2024 10:36

How can it take since 2022 to fix the structure,clearly a case of the blind leading the blind and in the land of the blind the one eyed man is King. Pathetic by all concerned, Deloitte's are a bad choice.

[aleman] 05/3/2024 10:13

The Kazakhstan stockmarket continues to fly. It's now up 17.5% since the start of the year (and 51.5% since the start of 2023). The cement market was already looking quite strong again in H2/2023. If the stockmarket reflects underlying economic strength and improving liquidity in the economy as interest rates have fallen, then I think we can hope for record national cement output in 2024, coupled with a strong pricing environment. Fingers crossed.