Steppe Cement Share Discussion Threads

[zangdook] 21/5/2024 14:03

No action is required, but we don't know the date.

[finctastic] 21/5/2024 13:35

Capital Repayment of 1.5p/share incoming. Look in the corporate actions section of your portfolio for details. Looks to me like no action is required, it will just land. If anyone is reading this differently please share

[tigerbythetail] 20/5/2024 18:57

I agree that this looks like the final capitulation.
As much as I'm irritated with the board, IMO this is no time to be selling.

[crankylad] 20/5/2024 11:34

I remember two/three years ago posters thought this company was the bees knees and the divi yield was the tops.. oh how times change!

[hoops_75] 20/5/2024 11:13

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 11:11

Capitulation must be the bottom, surely

[dodger777] 20/5/2024 07:20

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

[aleman] 19/5/2024 17:34

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 14:21

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 14:20

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 15:32

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 04:43

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 14:31

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 13:53

Can someone please explain today's activity?

more sellers than buyers

[rahosi] 02/5/2024 13:51

Can someone please explain today's activity?

[riskvsreward] 26/4/2024 16:14

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 15:27

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 08:37

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 09:08

Sorry was looking at concrete figures

My point, STCM is fairly stable if somewhat unexceptional

[aleman] 10/4/2024 08:21

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 07:47

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

[wind dancer] 09/4/2024 21:03

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

[dodger777] 09/4/2024 15:05

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