Steppe Cement Share Discussion Threads

[azalea] 21/10/2017 11:34

jailbird
You obviously do not understand the Queen's English.

"By the time", does not mean at the time of the Prelims"; it means between now and the time the Prelims are announced. IF clarity is provided in November; so be it'

Is it any wonder I filtered a nasty piece of work like yourself. Boo Hoo!

[jailbird] 20/10/2017 10:48

Seems to be liquidity on both sides

[jailbird] 20/10/2017 10:46

Azalea,"With regards to your bond query, I think you may find a clearer picture appearing by the time the Prelims are announced in May 2018."WTF sort reply is that. The bond is due next month.!! and you talk about 2018.I know it maybe difficult with your stubborn rhino skin ego but it is ok to say you haven't a clue ( which we already know)

[wilo101] 20/10/2017 04:37

It will soon be back at 40/50p per share, fill ya boots as the Ozzies say

[azalea] 13/10/2017 09:30

Someone is confident enough to buy 143k+ @ 18p,this morning.

[wilo101] 12/10/2017 16:23

There will be no new Bond, strategy is to get debt down, as can be seen because was once US$95m, generate cash and pay dividends and increase margins and efficiency

[azalea] 12/10/2017 16:10

Celeritas
I missed today's rns. Having now read it, I am curious as to what Mr Wood's role is going to be
With regards to your bond query, I think you may find a clearer picture appearing by the time the Prelims are announced in May 2018.

[celeritas] 12/10/2017 15:43

I've asked them Azalea. I can't be the only one wondering how the bonds are cleared. Many companies start a new bond to clear the old one when due. I'm not concerned at all about the bonds but would like more clarity.
Good rns today by the way.

[wilo101] 12/10/2017 14:51

Of course, the company has generated very good positive cash-flow over the summer and autumn months, and cash-flow is always good through November when the real cold and winter comes

[jailbird] 12/10/2017 11:59

So Azalea, you must be happy with his reply since you do not have a clue.Do not why I entertain you , your communication drivel is notorious on other threads .You are well known for all the wrong reasons

[azalea] 12/10/2017 11:23

Celeretas
If wilo has not answered your question satisfactorily; email the company (investor relations) [e-mail]

[jailbird] 12/10/2017 11:16

I would agree on that with you CeleritasIt has been this lowly level for some time now.I think their reporting can be better for clarity which may help potential investors

[celeritas] 12/10/2017 11:07

I do think the company will do well long term once those wagons are paid for but could do with more clarity on the bonds.
Like I said the other day, will the bonds be paid off with a new bond, maybe at a better rate.

[jailbird] 12/10/2017 10:44

*Cannot value

[jailbird] 12/10/2017 10:43

AzaleaAll ifs and buts on your part .Address today not what may or may not happen tomorrow .I see no-one is replied to Hari's posts..these are valid concerns Asset value aside , the Co still needs to be profitable and be able to service its debts.You can value the Co on its assets alone

[azalea] 12/10/2017 10:26

IF wilo101 post 666, bears fruit in the form of starting to pay annual dividends in FY 2017 and thereafter; then the company together with its major 29.1% holder, will certainly become visible and attract investors attention beyond just being on their radar. Moreover, a dividend after many years absence coupled with a strong Prelims in May 2018, will most certainly attract analysts' assessments for passing on to their clients. A small purchase this morning attracted an offer price of 17.5p.

IF Wilo's assessment of asset value, replacement value and share price value, is anywhere near accurate; the medium term potential for STCM is very significant.

[hari] 12/10/2017 07:38

Also from Annual report 2016, this was a key audit matterSignificant debt repayment obligations within the next 12 monthsThe Group manages liquidity risk, as described in Note 26 to the nancial statements by maintaining suf cient and accessible credit lines coupled with active monitoring of forecasts and actual cash ow requirements. The Group's total bank borrowings stood at USD26.4million as of 31 December 2016 of which USD11.0million is repayable within 12 months from the year end.The Group's assessment of forecast cash ow requirements include best estimates related to future sales volume and timing of cash collections which are uncertain. The Group continuously faces competition among local companies in Kazakhstan, putting pressure on its market share and selling price.

[hari] 12/10/2017 07:31

Hello all,Ok I have found the information I was looking for So I am intrigued where will this cash come from.22 November 2012Steppe Cement LtdBonds Issue on the Kazakhstan Stock ExchangeOn 30 Oct 2012, the Kazakhstan Stock Exchange (KASE) approved the listing of two bonds with 5 and 6 year maturities to be issued by Steppe Cement's fully-owned subsidiary Central Asia Cement JSC.On 21 Nov 2012, Central Asia Cement JSC has accepted bids for 1,490 million Kazakh Tenge ("KZT") for 5-year unsecured bonds with a 10% coupon per annum payable semi-annually. The bonds were issued at 96.25% of face value and the net proceeds after fees will be KZT1,426 million (approximately USD9.5 million). The bonds are repayable upon maturity.The proceeds from the bonds issue will be mostly used for the completion of line 5 as well as working capital requirements.

[mattjos] 11/10/2017 21:39

Zero mkt reaction on what looks like very sensible strategy being played out in the figures for first 9 months of the year.The gap up has perhaps deterred any buying but, I do expect some to arrive once that closes.There's off the radar & then there is completely invisible .. we seem to fall into the latter at present

[azalea] 11/10/2017 10:34

11/10/2017
STCM Q3 2017 update:

Q3 revenues of KZT 9,312m, was 27% higher than corresponding period(CP) 2016.

Q1-Q3 2017 recorded revenues of KZT 17,865m, against KZT 15,506 CP 2016.

Q3 sales volume increased 12%. Q1-Q3 sales volumes decreased by 3% to 1,336,078 tonnes against 1,371,024 CP 2016.

STCM maintains it forcast of 17% market share of 9m tonnes =1.53m tonnes.

Looking good.

[hari] 11/10/2017 10:30

Hello WiloCan you elaborate please.How much cash does the Co have?I read it as $1.7m in last results $20m total debtBond payment is due in 2 weeks Co has not stated anything about paying this .

[wilo101] 11/10/2017 10:22

No repaid from cash, the company has the cash from its sales and revenues, in the Bank ready to repay.

[celeritas] 11/10/2017 09:47

hari, I've pondered the same. Wilo says its retired.
How is it repaid, with another bond?

[hari] 11/10/2017 07:37

Hello WiloHow do you come to that valuation . The market currently disagrees Update - Co always fails to mention it's outlook , it is just figures .Looking at the current cash in hand ..$1,7m ?The bond redemption is due in a couple of weeks but Co fails to mention how it will be paying it .How is much the value of this bond ?The Coach does not elaborate on such matters