Steppe Cement Share Discussion Threads

[1knocker] 02/1/2025 18:08

The corporate action is shown against Steppe in my HL account, but no money credited to either cash or capital account yet. If you have receioved your money from HL, they must like you better than me!

[santar] 02/1/2025 13:08

And nothing in HSBC Invest Direct

[nik7907] 02/1/2025 12:50

23kk

Have received mine in HL in the last hour. Nothing in Iweb yet

[23kk] 02/1/2025 12:35

No payment yet at HL it seems???

[wilo101] 02/1/2025 12:02

That's 2 payments this last year in 2024, who can complain, really, moaning old women you are, first paid on 0060624 and second on 311224, the pattern and policy is clear, be grateful and buy whilst it is so ludicrously cheap by any rational meansure

[apfindley] 02/1/2025 08:17

They DID announce it, "approximately 1.5p" and it ended up as 1.509p.What level of accuracy are you seeking? As the extra 0.009p surely isn't going to cause you any problems.As for the way you feel about them not updating, what are you expecting??? They have told us everything we need to know, they cannot change the tax regime in 3 different countries. Read the rns's like everyone else. This is the best and most efficient way they can return cash to shareholders.

[zangdook] 02/1/2025 04:24

They should still announce the amount in advance like other companies do. We shouldn't be waiting until the money lands to know how much we're getting.

How many years is it now that they've been unable to pay dividends? Has there been any progress whatever on sorting that out? They haven't even kept us up to date with what's going on.

I don't know if they're incompetent or just don't care, but what chance is there that a company that doesn't bother to announce a distribution amount in advance is going to be able to manage a complex task like corporate restructuring?

When I first bought in here around 30p I was investing in a good underlying company which was undervalued because of being listed on AIM and operating in an exotic jurisdiction. Management looked ok.

Now it's half that price and it's a good underlying company undervalued because of AIM, jurisdiction, convoluted corporate structure and poor corporate management. It's still good value but it's a lot further from achieving that value than it seemed to be a few years back.

Every year we're left guessing, will there be a distribution? How many? How much? When? In what form? And then when they do announce one, we're left guessing the dates. Then when they do announce the dates, we're left guessing the amount.

We need a roadmap for getting back to normal dividends and a policy for the time until that is achieved, and if it takes more than a few months, we need regular updates.

[mattjos] 31/12/2024 20:55

to be exact, i received 1.509289833p / share.
0.619% more than headlined and paid bang on the day promised.
No complaints from me.

[meanreverter] 31/12/2024 20:10

IG paid 1.50929p.

[king suarez] 31/12/2024 14:31

AJBell are late, but they will get there eventually! At least I received the last 'dividend' with them on 7/6/24.

[gary1966] 31/12/2024 14:28

Thought I would check and very pleasantly surprised that X-o.co.uk got it in as it wasn't at 12:35. Can also confirm 1.509p. Impressed with them today as due 3 dividends and all got in on a shortened day.

[tag57] 31/12/2024 11:48

Nothing at HL but that is no surprise.

[zangdook] 31/12/2024 11:33

Which broker?

[mattjos] 31/12/2024 11:21

funds received at a rate of 1.509p / share

[apfindley] 31/12/2024 09:35

A bit melodramatic. Be happy there's a dividend, and that it's around 10%. Or stick your money in a high street bank and hope for 4%.Your choice...for the sake of worrying over whether the special distribution will be 1.5p or "approximately" 1.5p as stated by the company.

[renewed1] 31/12/2024 08:54

Its the kind of thing thats made them uninvestable for me.

[zangdook] 31/12/2024 08:18

Once again they announce a distribution but don't announce the exact amount per share. Every other company manages to do that. The result is that some payments are delayed because the brokers don't know how much to pay. Last time, IG paid promptly on the payment date, but later they had to claw back some money because the actual payment was slightly less than the approximate amount the company had announced. This time they've learned their lesson and they're waiting. Why is this sort of basic thing so hard for this company? How can you announce a distribution and not announce the amount, even a few days before the payment is due?Isn't this the sort of thing that nomads are supposed to sort out when they see a company is particularly clueless?

[wilo101] 28/12/2024 22:30

Payment will arrive 30/31/12/24

[ntv] 22/12/2024 18:29

Thanks zangdook

[zangdook] 19/12/2024 09:12

yes, on 16 Dec

[ntv] 19/12/2024 09:10

Has this gone Return of capital XD?

[aleman] 14/12/2024 10:28

The $9m rise in cash in Q3, despite finishing September with more clinker than last year, and better revenue on higher volume and price, makes it look very likely they have already turned the corner. I agree, though, that confirmation in terms of improved earnings and explanation of cashflows would help improve confidence.

The increased revenue in the 3 months to 30 September 2024 was largely attributable to the increase in the volume of sales during the period to 621,915 tonnes, 5% higher than in 2023 as well as a 2% increase in the price of products sold in the quarter.

Not forgetting Q3 national cement production was a record by a decent margin and October only just missed so Q4 had a decent start. To the best of my knowledge, weather has been very average since. Kazakhstan's average Nov and Dec weather is not what I'd want to work in, though!

[tag57] 14/12/2024 01:04

Mattjos - I would say it is probably being avoided rather than overlooked.
The last dividend was 6 months late and 2 year ago.
Management can’t advise when there will be another dividend and investors are having to make do with returns of capital.
Performance has been through a rough patch with margins well down due to market pricing.
Maybe when it turns a corner, hopefully during this reporting period, we might have see a more positive share price performance but until then I don’t see many new PIs investing here.
I continue to hold here but mainly due to significant capital losses on paper and the hope STCM can get back to it previous decent financial performance.

[mattjos] 13/12/2024 20:59

I think one of the reasons this has remained overlooked is that the 'dividend' is not picked up by any of the Yield scanners as it is being paid in the form of a Capital Repayment.

eg. STCM used to feature here when the payout was a Divi but, it's nowhere to be seen now: