Steppe Cement Share Discussion Threads

[darcon] 15/7/2010 20:04

Or a pile of cement

[darcon] 02/6/2010 21:01

Price of STCM seems to have dropped back on very low volume in sympathy with the wider market pullback owing to general concerns about the sovereign debt situation in Europe and European banks' losses.

Assuming that this is a temporary downleg in a continuing uptrend then this looks like a potential buying opportunity before the Kazakh infrastructure spending kicks into STCM's results in the second half of the year

[matt123d] 08/4/2010 14:32

Under accumulation here, looking good.

[mattjos] 07/4/2010 13:41

270k sold and the Bid goes up a penny .. are they after some stock still?

[marvin9] 31/3/2010 18:52

More construction= cement usage on the way:

MKAZAKHSTAN TO PLAN SECURITY MEASURES FOR ASIAN WINTER GAMES

Prime Minister Karim Masimov has urged the sports ministry and law enforcement services to make plans for taking measures guaranteeing the security of the 7th Asian Winter Games in 2011.


"The Tourism and Sports Ministry and law enforcement services must think of a clear-cut plan to guarantee the security of guests and participants in the Games in Almaty and Astana. The deadline is May 1," Masimov told the Almaty government on March 17.


"The Organizing Committee will convene at the beginning of May to discuss security issues," he said.


Masimov visited Almaty on March 16 to view construction projects for the Asian Winter Games. These projects include an international ski jump complex, the Sholak Sports Palace, the Medeu high-mountain sports complex and the Shymbulak alpine skiing complex.

"We visited sports facilities yesterday and developers assured us that the construction complied with the schedule and all sports facilities would be completed on time," the prime minister said.


The 7th Asian Winter games will be held in Almaty and Astana, Kazakhstan's largest cities, from January 30 to February 6, 2011. Participants will compete for 69 sets of medals in eleven sporting events.


Athletes from 45 countries are expected to participate in the Games.

[mattjos] 31/3/2010 15:51

but today's 461k is a buy for sure & the MM's look like they are fishing for stock at present judging by the 3.5p rise in the Bid today

[swanboy0] 30/3/2010 18:40

sell price late this afternoon was 68.5p.....i think that large trade could be a sell

[marvin9] 30/3/2010 17:37

well that big buy came in but the price dropped ?

[mattjos] 30/3/2010 15:31

narrow spread .. perhaps the seller is after 70 at the moment after seeing the earlier buy at that level

[arej] 30/3/2010 14:46

results coming in april should confirm an increased share of the kazakh market and a pick up in overall cement demand.

[marvin9] 30/3/2010 14:33

We will probably see another big buy near close

[mattjos] 30/3/2010 14:27

and unsurprisingly a little tick up on the bid now today

[mattjos] 30/3/2010 13:42

someone's still busy here

[marvin9] 22/3/2010 20:01

Yep some really big trades gone through if you back date ;)

[mattjos] 22/3/2010 12:50

a little flurry of activity here this last week

[marvin9] 19/3/2010 17:31

Nice insight into the economy of the country.

[marvin9] 19/3/2010 17:26

Megga big buys yesterday, SOMETHING IS BREWING AND ITS NOT AN OMH FART

[marvin9] 19/3/2010 17:15

Silk Road Intelligencer
News and analysis from Kazakhstan - Mar 19th 2010Search

EBRD puts up $1 billion to help Kazakhstan diversify
⋅ March 15, 2010

There is a window of opportunity to diversify Kazakhstan's economy as the crisis ebbs and before commodity prices shoot up again, the European Bank for Reconstruction and Development's country director for Kazakhstan tells bne, and the EBRD plans to invest up to $1bn to support the government's development plans.

Michael Weinstein believes that the recovery has already started in Kazakhstan, and forecasts modest growth in 2010. "We think Kazakhstan has turned the corner. The price of oil is increasing, as is demand for goods," he says.

Even so, the recent crisis has highlighted some major problems that need to be fixed, namely a heavy reliance on primary industries and commodity exports, the banking sector's dependence on foreign capital markets, and the need for investment in energy and transport infrastructure.

3-year strategy

The EBRD's new three-year strategy for Kazakhstan, approved in February, will focus on these areas. The bank has also signed an agreement with Kazakhstan's state holding and investment company Samruk-Kazyna and the Industry and Trade Ministry to invest up to $1bn in projects to diversify the Kazakh economy.

A list of priority projects is being drawn up by Samruk Kazyna and the Kazakh government after President Nursultan Nazarbayev set out the country's medium-term development priorities in his annual address to the nation. "In the past, there have been various diversification programmes that for one reason or another did not succeed," says Weinstein. "The newly announced programme is more promising. Momentum is building, and there is a window of opportunity to diversify post-crisis, but before oil prices go through the roof again."

Weinstein considers the government's new plans to be more realistic than some of those outlined in the past. "The government has set its sights a bit lower this time," he says. "The priority sectors Nazabayev has selected are the right ones. Rather than looking at high-tech sectors, the government is targeting sectors such as pharmaceuticals, chemicals, petrochemicals, metals, construction materials and fertilisers - the things the country needs.

Agriculture is another sector with huge potential for development, but with considerable problems as well. In December, the EBRD lent $35m to agro-industrial holding company Kazexportastyk, its first investment into the sector after a long hiatus. "Building the value chain in agriculture is very important. However, the agriculture sector is difficult to invest in because it is dominated by companies that are non-transparent," explains Weinstein. "We hope this investment will encourage other companies to become more transparent."

He points out that within the agricultural sector, Kazakhstan needs to develop related infrastructure such as logistics centres and warehouses. "We are interested in supporting the development of agricultural infrastructure - provided it is a bankable project," he says.

Support for infrastructure of all types, including transport, energy and municipal utilities, is crucial. In the energy sector, the EBRD and other international organisations helped to finance construction of a new north-south power line to address the imbalance between the ends of the country, while the state is also investing in additional generation capacity. "Coal is likely to be the dominant source of energy in Kazakhstan for the foreseeable future," says Weinstein. "We are happy to work with coal-fired generators, but we would never finance sub-optimal technology. We would like to help rehabilitate existing coal-powered generation facilities and develop new facilities through the use of the best available technologies."

Municipal infrastructure has also suffered from a lack of investment in Kazakhstan. Under Kazakhstan's budget code, most municipalities, except Astana and Almaty, are restricted from borrowing or guaranteeing municipal companies' debt, making the raising of finance difficult. The EBRD has already made a loan to Shymkent Vodokanal, a private water company in Shymkent. A planned investment into a municipal water and heating company in Aktau is currently at the final review stage. If approved by the board of directors, it would be the first time the bank has financed a municipal company in Kazakhstan.

Raising cash

For the country as a whole, resolving the problems currently besetting the financial sector is key to channelling money into the various parts of the economy that need it. According to Weinstein, "the single biggest problem for Kazakhstan-based companies is access to financing."

The EBRD wants to help create a more sustainable financial model - without the excessive reliance on foreign capital markets seen in the past - as well as supporting alternatives to bank finance. "In the banking sector, the worst is behind us. Problems with non-performing loans continue to haunt us, but in general risks are down, as shown by the lower [credit default swap] bands. The restructuring of BTA Bank and Alliance Bank has so far progressed better than expected. Investors are now able to breathe a little easier," Weinstein says. "However, for the banking sector to develop in the long term, it must learn the lessons from the crisis, namely more reliance on local currency deposits, increased capacity for local currency lending, less foreign currency lending and a raising of core competencies."

He adds that the EBRD could in the future play a role in a restructured BTA or Alliance. "It's not something we would consider right now, but might after the restructuring is completed," Weinstein says.

[marvin9] 13/3/2010 14:54

UP UP AND AWAYYYYYYYYYYYYYYYYYYYYYYYYY

[mattjos] 16/2/2010 20:15

i can see from a chart point of view why you may say that 100 may be possible. ned to dig some more

[matt123d] 16/2/2010 19:14

You can spread bet it though, IG offer it and you're able to work orders inside the spread through them.

Start of the next leg up today.

Short term target of 100p.

[warranty] 14/2/2010 17:55

What a shame you can't put this in an ISA.