Steppe Cement Share Discussion Threads

[miti 1000] 15/5/2019 10:10

Yes I've added more just now as well.

[sportbilly1976] 15/5/2019 10:09

SEB last notification was 4.94%

Given the 219mln shares in issue - 2,058,600 represents the 0.94% for a confirmatory rns of their reduction continuing

10.8mln as at April to go if they're selling up completely

[mattjos] 15/5/2019 10:00

buying some more this morning.
Overhangs get taken out & when that finally happens, usually followed by a very strong upward move, particularly if after a protracted period of seemingly doing little but go sideways.
This, on all metrics, is cheaper than cheap.

[king suarez] 15/5/2019 09:51

Looks like I was a little conservative in my guesstimate (post 1039) not too far off though.

$18.5m of operational cash flow! Great result.

[azalea] 15/5/2019 09:43

"the replacement costs of the Company's assets remain many times higher than current book value". Given these results and Amzi Wan Hamzah's 29.1% stake, as has been suggested before, why spend hundreds of millions building a new plant and taking years to increase its market share, when this one does it all and is cheap as chips.

[sportbilly1976] 15/5/2019 09:39

Director purchases an option now?

[mattjos] 15/5/2019 09:23

So far off radar. Don't expect massive coverage.At some point SEB will be gone & then the liquidity will simply evaporate & the price will move accordingly.Meantime, keep picking them up & hope it stays completely off radar for a while longer

[sportbilly1976] 15/5/2019 09:18

do SEB need the funds being freed?

Surely, on the back on the new this morning they could contact their broker and place a cease to any offloading?

sp rises - they sell less to raise the same ££...everyone's a winner :)

[azalea] 15/5/2019 09:13

SEB and others must must be kicking themselves for reducing their holdings. Press coverage- Questor, Investors Chronicle et al, should be interesting.

[mattjos] 15/5/2019 09:00

Last year divi was paid 27 July. Assume similar this year.If SEB are still offloading by then, imagine current large investors likely to use divi cash to clear them out completely.Should really be in the 60-75p range right now so, £1 coins for 50p today + 8% yield.

[sportbilly1976] 15/5/2019 08:58

get some while the seller is being cleared at 35p :)

cracking update

[azalea] 15/5/2019 08:57

Wow, what a result, A WCC in the making.

[mr roper] 15/5/2019 08:55

I'll be adding in the coming weeks when I free up some cash

[ilostthelot] 15/5/2019 08:50

I bought in. cracking yield. Making profit while paying of debt. Clearly cash flow is good. Net asset value of equipment not bad either.

[wilo101] 15/5/2019 08:50

Fill your boots, the real value is in excess of GBP2.50p upwards per share, mark my words, the last peak was GBP4.20p and the company and business is now in far, far better shape industrially, technically and financially in every respect, that was the value when the 2 new dry-lines were not working, only the old wet one's!.

[mattjos] 15/5/2019 08:39

Great call wilo. 8.57% yield for 35p stock. What's not to like?

[mr roper] 15/5/2019 08:21

Super update

[jailbird] 15/5/2019 08:14

You are da man !Happy to be wrong with my 2p forecast

[pjmurf] 15/5/2019 08:12

Happily eating my hat, might buy another bigger one with my extra divi and eat that too!!!

[celeritas] 15/5/2019 07:23

Spot on wilo with your 3p divi. Very very nice.

[wilo101] 15/5/2019 07:01

3p dividend as predicted, see the results released announced just today

[azalea] 14/5/2019 09:23

video. China'trillion dollar plan to dominate global trade.

See : Brexit-new-opinion thread. Post 312

[wilo101] 14/5/2019 09:19

KPMG KL permitting, should be this week, in fact should have been last week.

[jailbird] 13/5/2019 06:34

Apologies read this wrong Results will be within 2 weeks not June as per other years

[azalea] 09/5/2019 19:01

Just 2 months away from an update on H1 2019, which could be even more positive than 2018 FY update.