Steppe Cement Share Discussion Threads

[mattjos] 04/9/2019 11:38

anyway, i am following progress according to this:

[mattjos] 04/9/2019 11:32

fyi, all .. I have suggested on the ZULU thread that folk have a closer look at Steppe.
It does qualify per Jim Slater's screen.
Very few Zulu qualifiers about in the market right now as so many stocks trading at too high valuations relative to fundamentals.

No point being coy about it as anyone who uses screening to identify stocks will have had Steppe come up on the screen for nearly two months now, when it was 28p

Given there are not a lot of Zulu type shares to choose from, it will eventually attract others.
Over the years, I've noticed that Zulu shares tend to start off going up very slowly from a good base and then very often gradually accelerate away and maintain upward trajectories for far longer than folk initially imagined. I expect Steppe to do the same … little more patience required by us 'early birds' before the herd arrives.

[king suarez] 04/9/2019 11:23

Well said, Matt. I would also suggest epo001 do a little more research!

[mattjos] 04/9/2019 10:43

Excellent. I have concluded otherwise after 9 years of tracking the company and so too a few others here.
No problem with your conclusion as I imagine you are less familiar with the company than some of us are but, it does clearly highlight why many potential investors pass the opportunity over with the conclusion that it simply cannot be that good a gift horse, that it is just too 'boring' for them as a cement producer in a far away land & so they go off to chase something that appears much more racy. I entirely get that.

The world is casting about for yield and in so doing seem to have gone absolutely bonkers in fixating on a negative yield. I prefer mine to be positive & I believe the majority owners of the equity here are also understand how important a +ve yield is likely to be going forward. No matter how 'boring' the company may be, the dividend yield is not at all boring. I'll settle for that & for gradual increase in the equity value as the penny slowly drops amongst others in the market & amongst larger cement multi-national cement producers looking to build market share

[epo001] 04/9/2019 10:32

Spread was 0.9 on 29th August and is now 3p!

On Hargreaves Lansdown the 14 year price graph shows this peaking in 2007-2008 (after IPO) and having done essentially nothing since Jan 2009. The yield is comfortably in the "too good to be true" category (there is no real dividend history) and there is the political risk of a former soviet union constituent. The only link to UK regulation is their AIM presence, everything else is abroad. The biggest shareholder is not on the board and I suspect the recently introduced dividends were requested by him.

Stockopedia have this as qualifying for the Slater ZULU screen. I'm going to do some more research but this one seems like a value trap/sucker stock to me.

[azalea] 03/9/2019 08:33

Unless (as many believed), Neon Liberty Capital were forced to sell down its holdings to below 3%, the BoD must now be kicking themselves.

[klosters65] 02/9/2019 20:48

Jailbird enjoy the break-out !

[mattjos] 02/9/2019 18:25

Daily close over the prior reaction high in July .... at times today, hard to buy more than few hundred at a time.Still adding

[wanobi] 02/9/2019 17:05

thanx for posting that link Celeritas, it paints a very good picture of the country, its aspirations and legal system etc,,, very comforting reading for shareholders here. Cheers Wan :-)

[celeritas] 02/9/2019 16:32

Not much to talk about of late but this is a good read.

[azalea] 01/9/2019 09:46

Mattjos 2353
Your estimate for the share price reaching circa 75p by mid 2020, is perfectly reasonable, achieved either by financial performance or a bid being accepted from a local or foreign competitor.

[jailbird] 31/8/2019 14:09

Forecasts gets better

[jailbird] 31/8/2019 14:08

August 31st

[jailbird] 31/8/2019 14:07

August 11th update

[jailbird] 31/8/2019 14:04

June 27th 2019

[jailbird] 31/8/2019 14:04

Of interest..see what you guys make of it

June 11th 2019

[wilo101] 30/8/2019 10:34

Don't focus on Claire, as well as Tan Sri Wan Azmi Wan Hamzah, Malaysia's richest and most succesful person, albeit not an attention seeker, take a look also at www.aimskl.com and its founder and key guy, David Crichton-Watt who employs Claire, his Phoenix Gold Fund is also stellar,and as noted he was George Soros's guy in Hong Kong when George was at the peak of his powers with Gerry Manolavicci and Stanley Druckenmiller were the key guys, what a quartet.... see, hxxps://www.aimskl.com/index.php

[azalea] 30/8/2019 08:36

The spread is a mere 0.9p, MM want our shares

[mattjos] 29/8/2019 22:51

I've posted this elsewhere. Seems insane when you spend a couple of minutes to read but, this is the current state of the world.
In STCM we have an opportunity to invest for a yield greater than 10x that which the UK government is willing to offer investors on a 30-year timeline.
Quite frankly, I am not altogether persuaded as the UK's ability to even pay 1.01% on its 30-year Gilts for that time period .. before then, it's State pension scheme will have been forced to put back people' retirement age to 75 years old or even more, as current mathematic do not add up at all … assuming any political party can get that legislated.

[mattjos] 29/8/2019 21:37

good post wilo …. I have done my research on Claire and she is most impressive individual.
Look at her and what she does …. & then see her pop up as notifiable investor in STCM. Rather begs the question as to how & why she has ever heard of this company but, once you do the research, you quickly understand exactly why :-)

[wilo101] 29/8/2019 21:30

early September first half and November 3rd quarter as usual, like last year, Mark Mobius and Marc Faber both rate Claire very highly, buy some of her fund too, also look at David Crichton-Watts Phoenix Gold Fund, also stellar,of course he was George Soros's guy in Hong Kong when George was at the peak of his powers with Gerry Manolavicci and Stanley Druckenmiller were the key guys, what a quartet....

[mattjos] 29/8/2019 21:03

whatever … i have no such doubts & reasonably confident this will challenge 2010 highs within the next 9 months

[zangdook] 29/8/2019 20:37

volatile, tick
AIM, tick
punt, depends how you define it. Short term it's a punt on the price. Long term there are still risks.

[mattjos] 29/8/2019 20:32

Look at Claire Barnes fund growth chart ... it is a thing of beauty. Very rare to see such a terrific sustained compounding growth rate.She is quietly very successful at her craft and her low investor churn rate proves her investors value her skillset.Seeing her pop up here was, for me, a strong reinforcement of my interest in the stock.