Steppe Cement Share Discussion Threads

[azalea] 19/8/2019 08:32

Given reports that central banks are going to lower interests rate to ward off potential recessions, buying shares in STCM on a drip drip basis, does appear to be an attractive proposition.

[mattjos] 18/8/2019 21:54

Folk seem to have completely overlooked the concept of buying to invest as opposed to speculating.The dividend yield here is absolutely mouthwatering. In a world where $17Trn is invested in negative yielding debt, STCM is offering 10%+ .. the current lack of interest is symptomatic of the crazy world we live in right now.Sell if you wish/must .. I just keep buying a slug more each month. Sooner or later, basic common sense will return to the markets & this will get picked up but, between now & then this is a gift-horse that I have looked in the mouth & concluded to keep buying in both ISA & SIPP.

[jailbird] 18/8/2019 21:43

So I guess if that assumption is correct , it is best to hold onto your shares and sell into the next spike ?

[novicetrade68] 18/8/2019 11:28

I agree, but it is very painful to see the last remaining quality London shares being subject to such misuse when investors, traders are constantly being, well, it seems like being fleeced, ie a 40% drop for no reason????????

STCM is selling more, STCM is benefiting from currency advantages, STCM is now paying 12% annual dividend, yet you look at the share price now and you get the impression that a person like David Lenigas, among many others, look correct in that MMs DO seem to screw everyone out of their holdings for a fixed amount of time, ie going (naked) short for 2-3 months, and then in the run up to the interims or results later they sell their complete extorted collection at 10%-15%-20%-25% additional margin to traders and investors, ideally on a spike....you know, along with supportive commentary on ADVFN & on the LSE chat site....and then they apparantly go short again for a fixed amount of time when no one is expecting it and then leave everybody incurring losses which increase every day and every week and every month, with no chance to make any return whatsoever...

This really now seems a recurring, annual pattern where the share price gets lower and lower everyday, and many many eventually sell their holdings when MMs seem in their fixed (naked) short period and manipulate the price down regardless.

[azalea] 18/8/2019 08:33

At the end of the day patience will reward investors. Given the update on H1, the Interims late next month should record a strong set of figures. Even if there is no interim div, the cover of the annual yield should improve. Assuming a 3p annual div is repeated, I am perfectly happy to wait 18 months to see debt being eliminated, earnings increasing and the 300 rolling stock bought in 2014, becoming net earners.

[sportbilly1976] 16/8/2019 11:40

maybe at a price the existing directors consider favourable to top-up too?

I was surprised that non of them re-invested any dividend receipts...

[azalea] 16/8/2019 09:32

The offer price is now lower than the average price the Malaysian billionaire holder of 29.1%, paid when he started increasing his stake several years ago. It is also just 4p above the price the CEO paid, when he bought 2.5m shares @ 23p this year. I believe that those Central Asian countries(CAC) and especially Kaz, which are directly involved in China's multi billion dollar Belt and Road Initiative, to be significantly insulated from external global financial and political problems. A classic example of problems affecting countries in East Africa, is Zimbabwe, where inflation is now 200%, with its current leader banning protest marches. Progress in CAC, is highly dependent on improving infrastructure, not least the development of internal and external road and rail links with other countries, which would boost trade for all concerned.The achieving of much of these goals,will require huge supplies of cement in CAC and those companies who are the most efficient producers of this product in a highly competitive market will prosper, if only to find themselves taken over by wealthier but less efficient companies, in order to boost their profitability. The Belt and Road Initiative is in its infancy, but those who ignore its long term financial and trade prospects, do so at their peril.

[sportbilly1976] 16/8/2019 08:41

As many agree the price here currently is very cheap - how cheap does it need to become to attract external interest...£100mln is peanuts to many infrastructure companies (especially those on the Belt & Road initiative) ??

[azalea] 16/8/2019 08:33

The potential problem with cashing in your shares in STCM, is that if you seek to buy back in as the Interim results (upon which we have already received a strong preliminary update), approach their announcement date, you could well have to pay notably more for the same number of shares. That said, each to their own.

[mr roper] 16/8/2019 07:54

Yup. That's what I've done. Cash as I'm off for a couple of weeks

[celeritas] 15/8/2019 15:52

I just think a few investors have gone to cash, maybe before going on holiday, not knowing what the mkts will do while away. One thing is for sure this is very cheap.

[jailbird] 15/8/2019 15:01

Another 3-4 weeks for next update

[jailbird] 15/8/2019 14:59

Mr RThe macro picture is unstable for sure , maybe not be for STCM but good stocks get dragged down too because of it Next update confirms all is well , it will recover

[mr roper] 15/8/2019 14:06

Sold out today. Purely a macro decision.

[sportbilly1976] 15/8/2019 13:26

user,

It was just a comment release with the annual Report - no link to FCF or commitment to maintain/raise going forwards.

Although it was just 1p last year

[user2007] 15/8/2019 13:22

Sportbilly?your suggestion means 3.5p divi. Could you please remind me whether the co committed to 3p divi or rather to whatever is free cash flow?Thanks

[sportbilly1976] 15/8/2019 12:57

clearly though the sells have been absorbed - passed onto a willing buyer?

still surprised with the buying in the background of Neo's stake and others that no-one has triggered any holding release.

Agree with Matt though on an interim divi to assist with income seekers - 1.5p interim and maybe a 2p final?

[jailbird] 15/8/2019 12:32

Yes Sb125k is a delayed reported sell I seeLooks to me a PI is selling out Held up quite well upto now .. famous last words

[azalea] 15/8/2019 11:54

A 125k and 53k buys this morning.

[sportbilly1976] 15/8/2019 10:23

someone clearly risk off - 250k sold in chunks

[mattjos] 15/8/2019 09:45

Anyone in touch with the company/Nomad?

Would be better if they paid the divi twice per year, imo. Once per year is too irregular to keep investors attention

[sportbilly1976] 15/8/2019 09:39

seller still around, or a few who bought on the dip now taking (small) profits as part of general market malaise and sell-off?

[azalea] 15/8/2019 09:05

There are enough multi million dollar projects(highways% housing) in Kaz alone, which have been highlighted here in recent posts, in which STCM, one of the most efficient cement producers in Kaz, should be able to gain a sizeable share in demand for cement.

East Africa, where leaders of countries are widely recognised as being corrupt and governments unstable. are not places in which STCM should get involved in, nor does it need to. STCM's largest stakeholder is a Malaysian billionaire; no doubt if he thought there was a market suitable for STCM to get involved in, he would make suitable noises to the CEO. On the other hand, with Kaz being a key player economically and geographically in the development of the economies in Central Asian countries vis-a-vis China's Belt and Road initiative, STCM could be the target of both cement companies in the West and much nearer to home, in China. Lets wait and see the Interim report due in the latter part of September. An interim div, would be a very smart move.

[jailbird] 14/8/2019 14:27

PEEL on asking @29p