Steppe Cement Share Discussion Threads

[dodger777] 01/8/2024 12:13

A 20% drop in less than five days for no obvious reason, you thought would warrant a response from the company. Companies get forced to respond for less…

[dodger777] 01/8/2024 11:45

And the usual sound of silence and total lack of respect for shareholders from the board doesn’t help in the least.
Someone is going to be making money from this and it won’t be us.

[1knocker] 01/8/2024 11:39

The market does not believe that there is 'nothing to worry about'. The share price is at an all time low and the pace of decline ins accelerating. Even on this board, followed presumably mainly by people with a relatively favourable view of Steppe, there is no tidal wave of enthusiasm to buy, even at the current price.

[wilo101] 01/8/2024 09:25

Capital returns no problem, as announced pending the restructuring, now is peak cement demand season when shortages kick-in and prices escalate...before the winter and autumn shoulders, cannot you guys read the RNS's, is all there and clear, nothing to worry out.

[zangdook] 01/8/2024 09:01

It's a pity no-one seems to have got into the AGM to ask what they're thinking.

[golden prospect] 01/8/2024 08:27

Does the Jurisdictions aspect matter if the end result is a return of capital ?

As per 5th April 2024 "Proposed Capital Repayment of approximately 1.5 pence per Ordinary Share, effected by way of Capital Reduction pursuant to Section 53(9A) of the Labuan Companies Act 1990"

[laurence llewelyn binliner] 01/8/2024 08:12

Have these guys got themselves organised in jurisdictions that allow regular dividends now, or is it still an unknown and the 1.5 pence a 1 off event..?

[golden prospect] 01/8/2024 08:09

If the company can deliver a measly distributable 4 million dollars, then "dividend-like" payout of 1.5p is going to be most welcome. Any improvements above is going to make this appear a great recovery prospect; Sentiment and Momentum required.

[1knocker] 31/7/2024 22:22

The share price goes from bad to worse. I do wonder whether the insiders are lining this up to take private, for a song.

[golden prospect] 24/7/2024 22:18

https://astanatimes.com/2024/07/g7-countries-ready-to-invest-200-billion-in-central-asian-infrastructure/

[goldry] 19/7/2024 15:46

Thanks for the explanation. I did know it was an estimate, but assumed (incorrectly) that it was confirmed at that level when it was paid. Also assumed (incorrectly) that an RNS would have been issued with the actual amount, when known. Just seemed a bit strange that it's taken so long to correct.

[goldry] 19/7/2024 09:28

Thanks for your response, always good to know you're not alone. I have asked IG for more detail, I'll post if it's useful

[zangdook] 19/7/2024 09:21

Goldry
same, but I think it's worth the occasional thing like this as the price of IG always paying up at the start of business on payment day, where other brokers sometimes withhold cash for as much as a week or more.

[wilo101] 19/7/2024 09:17

As the RNS made clear, there is no "dividend" issue since pending the restructuring what is needed to be paid our and returned to shareholders can be done by further capital returns, no problems.

[goldry] 19/7/2024 08:32

Anyone else had their capital repayment adjusted down from 15p to 14.6984p. Just seen this transaction appear without any notice in my IG account.

[tag57] 12/7/2024 19:10

I would have thought most PIs will be waiting to see if the dividend payment process gets resolved before jumping in.
I am tempted to average down but will probably push more money into some of my O&G investments that have no issues paying out good dividends atm.

[danmart2] 12/7/2024 18:44

Nice update

[aleman] 12/7/2024 17:34

Trades suggest the market has missed the update completely apart from the 10:10am 100k buy reported 2 hours late. Was there only one person awake here?

It's well below a solid NAV and looks likely to be significantly profitable and cash generative in H2. When that cash gets distributed is another matter but they have said they are trying to restructure to deliver it.

[fozzie] 12/7/2024 17:17

Agree Aleman, the update read fairly positive to me as well, I’m guessing most people missed it with it being a Friday, summertime and issued mid morning. Big question for me is do I average down now?

[aleman] 12/7/2024 17:12

The update sounds very promising. National market recovering since the end of May. Pricing expected to improve. Market share up to 17% at the end of H1 from 11.5% in Q1 and 13.6% in H1. STCM sales volumes expected to be ABOVE 2023 (after -3.9% in H1 and -18% in Q1) in an expected flat national market (after -1.6% nationally in H1 and -12% in Q1).

This actually sounds like a very good H2 is in prospect with much higher volumes expected (selling down stock, presumably) on moderately higher prices expected.

Why has the share price not gone up? This looks about as good as could be hoped and much better than H1. Although H1 is only likely to return a very modest profit, H2 looks set to be quite significant - though getting a significant temporary boost from the sale of the excess clinker stock built up.

[purplerain2] 12/7/2024 14:18

Did not get a link sent after requesting.

[zangdook] 12/7/2024 11:05

Did anyone attend the AGM? I was planning to dial in but in the end I wasn't able to.

[danmart2] 09/7/2024 18:24

My friends in Kazak at the start of August, he’s meeting with a few investors and construction firms, I will get an update on the cement market.

[1knocker] 09/7/2024 12:39

There is no reliable soursc of news about the war that I am aware of.

If you listen to the western mainstream media, it is one stupendous victory after another for Ukraine, interspersed with retaliatory Russian terror attacks on civilians, and Russia is fast running out of troops and munitions.

On the other side, there are equally biased private media outlets which assert that Russia is bleeding Ukraine white, that the Ukrainians of military age are fleeing conscription, and that Russia is winning.

All we know is that the conflict has now been going on about as long as WW1, and that territorial movement on the ground is likewise measurable in WW1 terms. I expect that when we do eventually see 'peace', it will be a WW1 peace, ie a half time breather before hostilities are resumed. Not a very appealing prospect.