Steppe Cement Share Discussion Threads

[tigerbythetail] 02/8/2024 12:03

I'd read the RNS more as a signal that, for instance, the plant hasn't burnt down and the company is trading normally.
It's appreciated.

[spawny100] 02/8/2024 11:44

125k shares when he has over 19 million already is surely just a token gesture with pocket money?

[plasybryn] 02/8/2024 11:41

Pleased to see that RNS. Should calm nerves & act as a clear buying signal. The market often has no thyme or reason.

[aleman] 02/8/2024 09:16

The price is nuts. It's way below a solid and rising NAV and has made modest profits despite a couple of tougher years. It's all about lack of confidence in shareholder distributions but that goes for loads of other small caps that don't trade way below NAV. Unless something comes out of the woodwork - and that looks less likely with today's director share purchase - then the share price looks very harsh and should probably break this downtrend soon.

[mister md] 02/8/2024 09:09

I know you should never try to catch a falling knife, but after having watched this share for years but never invested, I've started building a (small) position in the hope of shareprice recovery and a return to double-digit dividend yields.
The decision supported by all of those CEO purchases - and by chance, another big one RNS'd this morning. GLA.

[11_percent] 02/8/2024 08:49

RNS

Steppe Cement Limited Director's Dealing

Steppe Cement Limited announces that is has been notified that the family of the Company's Chief Executive Officer, Javier del Ser Pérez, has purchased 125,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), at a price of 13.42 pence per share, via Portola Group Limited.

Accordingly, the family of Javier del Ser Pérez is now interested in 19,203,115 Ordinary Shares, representing approximately 8.77% of the Company's existing issued share capital.

[wilo101] 02/8/2024 01:17

we are buying through our interests, inflation falling here, with interest rates and construction holding up, Heidelberg have 3 factories, Ust Kamenogorsk, Shymkent and Sheptpe and they are bullish, not selling Russia either where they also have 3 plants, Tula, SPO and Moscow.

hxxps://www.heidelbergmaterials.com/en/company/group-areas-and-countries/africa-mediterranean-west-asia/kazakhstan

[andydaf] 01/8/2024 17:07

Hope the factory hasnt burnt down as i couldnt resist taking some more today.Either the doom merchants are right and i have blown my dough or i am right and bought some cheap stock.Time will tell but i am betting on another capital reduction this year.GLA

[mattjos] 01/8/2024 15:58

Since start of this year any high volume selling days have actually been met with decent buying on same day ... looks like a somewhat disorderly change of hands going on in the background and that is encouraging some other smaller investors to also exit.I'm of the opinion that the conflict in Ukraine will end within the next 6-9 months (particularly if Trump wins USA election) & that will then spark a significant and prolonged reconstruction phase that will suck up cement from far & wide, coupled with a pretty good economic backdrop in Kazakhstan which itself has ambitious infrastructure plans.

[mattjos] 01/8/2024 15:52

Am wondering if Claire's Barnes has had enough and throwing in the towel here

[tigerbythetail] 01/8/2024 13:05

I'm considering buying. But I'll wait and see for a few more days what comes to light.
This is trading like the plant has burnt down. I don't think it has, but does anybody have any information otherwise?

[dodger777] 01/8/2024 11:13

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 10:45

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 10:39

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 08:25

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 08:01

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

[golden prospect] 01/8/2024 07:27

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 07:12

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 07:09

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 21:22

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 21:18

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

[goldry] 19/7/2024 14:46

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 08:28

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 08:21

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.