Steppe Cement Share Discussion Threads

[mattjos] 18/9/2017 10:37

this is far too cheap given the underlying business valuation & its performance recently

[mattjos] 18/9/2017 10:27

have continued to add this am

[azalea] 18/9/2017 10:15

Tick tock. Up 13% this early morning.

[hari] 13/9/2017 10:35

They are accumulating debt and high interest ratesWe have maintained KZT4.9 billion of available working capital lines from Halyk Bank, Altyn Bank and VTB Bank. The current rates are 6% p.a. in USD and 12% p.a. in KZT. As of 30 June 2017 we have the equivalent of USD7 million outstanding from these working capital loans and by the end of August 2017 they have all been repaid.As of 31 August 2017, total bank debt net of cash amounts to USD20 million of which 65% is denominated in USD and the balance in KZTA new loan of 580 million KZT was signed in July 2017 to fund a new packing plant to be installed near the dry lines. The loan carries a 6% interest in KZT and is repayable in 7 years with one-year grace. The loan will be drawn until August 2018.

[wilo101] 13/9/2017 10:15

It is the 3rd Quarter not 2cnd,
that is always important and crucial, namely and especially June, July, August, September and through November if the weather holds and is not too cold, so STCM should be other than Working Cap Debt free, profitable and there should be a dividend declared for this year, aka 2014 last.

[azalea] 13/9/2017 09:45

Interims show the company is heading in the right direction, despite the winter period.

[wilo101] 11/9/2017 20:51

Should be a good 3rd quarter, 10% growth year on year and a resumption of dividends

[mattjos] 11/9/2017 15:13

just bought a few

[azalea] 11/9/2017 10:54

Unconfirmed forecast for Interim results, Wednesday 13/9.

[azalea] 17/7/2017 08:46

A positive update.

[hari] 17/7/2017 08:01

well that was an anti-climax

[hari] 03/7/2017 13:42

Well I bought as a trade punt today against my better judgement.Level 2 ticked up on no volume Something going on the background maybe, update due within next 10 days or so too

[azalea] 03/7/2017 11:04

A 17% rise on a mere volume of 33.957k buys. Interesting.

[wilo101] 16/6/2017 13:27

Kz claimed GDP growth of 2-3% in the 1st quarter and Russian seems to be slowly coming back, so fingers crossed things may slowly have turned and be on the up, after all, resource economies such as Kz are usually last into a recession and last out

[hari] 22/5/2017 14:31

Another set of dismal results Please talk this up.. the Co is not stating anything positive going forward either

[hari] 06/5/2017 23:32

Also can you tell me why you are still bullish..forget seasons...last 2 years , year on year margin, revenues and market share is decreasing.

The share price fall is indicative of this trend.

[hari] 06/5/2017 23:30

Wilo101,

"The full year will see a very favourable FX write-back given the KZT is at 311 only to the US$, as opposed to the worst before of KZT420, plus"

KZT420, plus from?


look at this graph

hxxp://www.xe.com/currencycharts/?from=USD&to=KZT&view=5Y

KZT379 is the worst in 10years

[wilo101] 06/5/2017 11:07

Azmi is still buying as being a Labuan company there is no restriction, the only fair value is replacement cost and one day a major will pay such, and in a range of US$250-350m, until then retire debt, generate cash and profits and pay dividends and focus on being the lowest cost and most efficient producer, Heidelberg have big problems in Aktau, yet to be revealed.

[azalea] 14/4/2017 13:03

Trump is concerned over the strengthening dollar,hinting he wants the Feds to keep interest rates low.The 17% increase for Q2 in delivered price and 21% increase for ex factory price along with significant clinker stock augurs well for the Q2-Q4(inc}.

[wilo101] 13/4/2017 08:15

The 1st quarter is always irrelevant as is winter and knowone buys cement and knowone in their right mind builds as is far too cold, accordingly the game in the winter and 1st quarter is to manufacture and stock-pile clinker and wait for the season to begin in April - May and start to sell as demand appears and prices rise.

The full year will see a very favourable FX write-back given the KZT is at 311 only to the US$, as opposed to the worst before of KZT420, plus.

[hari] 13/4/2017 07:07

Oh dear , not looking good .Production , margins and market share all decreased- surely not good.Maybe Mr Amzi Wan knows something we don't or maybe he knows nowt What do you say AzaliarCheap takeover one day .. maybe

[wilo101] 09/4/2017 10:34

A first quarter update is due next week, conditions in the market are still tough, but the currency has appreciated back to KZT315 to the US$ from a low of KZT420 per US$, thus the 2016 and 2017 financials will see some write back of the prior years FX losses, and such will also impact on the translated asset values and sale price achieved per tonne, which should be some compensation.

[azalea] 16/1/2017 11:36

I see STCM experiencing a positive change one way or another in the new FY. Mr Amzi Wan Hamzah is not going to hold on to his 29% stake for ever; a viewpoint I believe shared by SEB Investments who recently bought 15m shares.

[wilo101] 14/1/2017 12:40

The KZT bottomed at KZT408 to the US$ and has now recovered to KZT334 to the US$, with Trump in power Russia will normalise and recover.