Steppe Cement Share Discussion Threads

[hoops_75] 20/5/2024 12:13:35

I'd feel more reassured about this share if a date for capital repayment was given this week. (On or around 23rd May advised in previous RNS)

[wilo101] 20/5/2024 12:11:29

Capitulation must be the bottom, surely

[dodger777] 20/5/2024 08:20:38

Someone had enough this morning at any price by the look of it.

[aleman] 19/5/2024 18:34:05

1098kTonnes produced nationwide in April. This is only marginally down from 1140 and 1120 in the previous two Aprils and much better than the sharp fall in March of -13.5%. April is the last of the weaker 6 months. The more important 6 months start in May and good numbers would help shift the clinker stock that has been built up. So, April not great but much better than a poor March. (There were a few cold days at the start of April that might have been a slight drag. May weather looks decent so far.)

[tigerbythetail] 16/5/2024 15:21:45

Isn't it about time we got dates for the pay-out (1.5p capital return)?
I'd like to think this would be well before the annual results in June, and hopefully news of a new dividend / capital return payout.
I'll actually take the trouble to vote at the AGM this year, and I'll vote against the re-appointment of any of the existing directors. Their performance has been pathetic.

[tigerbythetail] 16/5/2024 15:20:36

Isn't it about time we got dates for the pay-out (1.5p capital return)?
I'd like to think this would be well before the annual results in June, and hopefully news of a new dividend / capital return payout.

[dodger777] 15/5/2024 16:32:57

It’s a ridiculous spread on this share.
This is one I really wished I hadn’t bought into, more because I just feel the management just don’t give a stuff about shareholders

[wilo101] 08/5/2024 05:43:14

99.97% in favour....

Shareholders approved the Special Resolution for a capital repayment of approximately 1.5 pence per ordinary share of no par value each, effected by way of Capital Reduction pursuant to Section 53(9A) of the Labuan Companies act 1990 (the "Capital Repayment"), with 99.97% of votes cast in favour.

[1knocker] 02/5/2024 15:31:39

Explanation: its a company in the hands of the major shareholders, with a BOD which has no concern for the interests of anyone else.

[3800] 02/5/2024 14:53:49

Can someone please explain today's activity?

more sellers than buyers

[rahosi] 02/5/2024 14:51:17

Can someone please explain today's activity?

[riskvsreward] 26/4/2024 17:14:03

Capital gain? That is optimistic. Currently most investor will report a loss reduced by 1.5 p if selling at a price not very much higher than it is now.

[aleman] 26/4/2024 16:27:51

So the capital restructuring has been approved. For those that do not know, this is not a dividend as such and should not be declared as income on any tax return. A return of capital is taxed (in the UK at least) as a reduction in your purchase price so your capital gain will be 1.5p higher if and when you come to sell your shares.

[aleman] 26/4/2024 09:37:09

Kazakhstan March (weather-hit) cement PRODUCTION was -13.5% compared to March last year. We knew it was going to be bad from the company trading update on Kazakhstan SALES, though it's not one of the major months and the accumulated clinker stock can be sold later to generate cash, hopefully at better prices in the major summer months.

We should get an announcement on the 1.5p capital return before long. 2023 results should be only about 6 weeks away, with another modest payout likely after a better H2. With decent weather in April, I'm hoping things are improving and we get a better outlook statement, though April is still just in the generally weaker 6 months of the year for output. The Composite PMI for March was highest since September, at 50.9, so I'm hoping for better months to come.

[danmart2] 10/4/2024 10:08:07

Sorry was looking at concrete figures

My point, STCM is fairly stable if somewhat unexceptional

[aleman] 10/4/2024 09:21:24

Construction growth has been higher from 2020 to 2024 than it was in the decade to 2019. (It's probably partly down to the national road infrastructure expansion which will also stimulate other projects. The roads are generally concrete in Kazakhstan.)

[danmart2] 10/4/2024 08:47:15

Post Covid boom drop off in construction was inevitable, compare the results to post covid years.

[wind dancer] 09/4/2024 22:03:18

This company would be the most odd ball strategy for investing your hard earned money.

[dodger777] 09/4/2024 16:05:43

I think you’re all being a bit premature in claiming a Russian victory, a continuing stalemate would be my thinking.

[eggbaconandbubble] 09/4/2024 11:33:08

I take your point knocker, but demand in the region would increase meaning that other (nearer) markets would still need supplies.

[lloydypool] 09/4/2024 09:44:17

As I type the CEO has declared purchases on another 75k shares.

[lloydypool] 09/4/2024 09:43:30

I'm not sure that the rebuilding of Ukraine will a) be a near term catalyst (as it seems set to drag on a while yet) and b) will directly be beneficial, as it is too far away.

However, there may be a knock on impact of the end of the war, firstly if there is some sort of stability in the region and secondly as supplies going into Ukraine (from Russia if they win?) may mean less available to export to other areas, such as Kazakhstan.

I suspect STCM may be in for a rough few years, but let's face it they are well set to get through it and the share price is around a 3rd of its previous highs. I don't think there is a lot of downside here and the biggest risk to investors is that the business is taken private as it doesn't seem they will need capital raises and there is a large proportion of the shares in few hands.

[1knocker] 09/4/2024 09:35:21

A couple of thousand miles is a long way to ship a heavy, low margin, commodity likr cement.