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Share Name Share Symbol Market Type Share ISIN Share Description
Steppe Cement Ltd LSE:STCM London Ordinary Share MYA004433001 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 1.96% 26.00 25.00 27.00 26.00 25.00 25.50 265,489 11:06:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 64.4 8.4 3.2 8.0 57

Steppe Cement Share Discussion Threads

Showing 2401 to 2424 of 2775 messages
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DateSubjectAuthorDiscuss
12/9/2019
09:27
Thanks, again!
saucepan
12/9/2019
09:25
saucepan …. against the Euro & the GBP, KZD is not seeing same. It's merely going sideways in same range. It only seems to be weakening against the USD. Since i believe the USD is headed for a fall, I'm happy to hold. company is performing very well. Nothing it can do about exchange rates
mattjos
12/9/2019
09:17
The outstanding loan of USD5.1m for the purchase of the rail wagons, being paid off monthly, will be completed in 2 years. This will result in the 300 wagons with a lifespan of 35 years, being a significant net earning asset.
azalea
12/9/2019
09:14
Results look ok, dividend was a big miss. Should really have balanced payments with a smaller full year.
celeritas
12/9/2019
09:01
Thanks, Mattjos. Have you been able to unpick whether the Tenge weakness is directly proportional to the strength of the dollar, or has it actually devalued against other currencies as well?
saucepan
12/9/2019
08:56
All depends on one's view on US$ going forward. I think it is overvalued.Very odd reaction to what looks like quite respectable set of figures.Let's see how we go once Draghi has had his say today and common sense returns
mattjos
12/9/2019
08:53
I have STCM on my watch list, so only looking in here (thanks, Mattjos, for the heads up on the Zulu thread). "The Kazakh Tenge depreciated by 16% compared to the first half of 2018. However, the devaluation took part mostly in the second half of 2018 and therefore the Company only booked foreign exchange losses of USD 0.04 million in 1H 2019." Isn't that saying there will be a bigger hit to come in the next reporting period, which won't have helped forward looking sentiment?
saucepan
12/9/2019
08:41
am i missing something here? why is it so down?
doc_oj
12/9/2019
08:17
Almost everything is selling off on news at the moment. Investors moving to cash it seems.
homebrewruss
12/9/2019
08:09
I suspect it is the lack of an interim dividend which has dragged the price back...Progress looks ok, downtime higher than planned
sportbilly1976
12/9/2019
08:04
looks fine , but looks like the market was expecting more !
jeanesy
12/9/2019
07:59
Should be net cash by Jan (or earlier).Solid progress
mr roper
12/9/2019
07:42
Looks fine to me too, a solid recorded profit after tax, but also debt down ; on 30.6.19 from $10.7m to $9m, so looks like a further reduction of $1.7m in two months.
novicetrade68
12/9/2019
07:36
All looks pretty good to me.
spooky
12/9/2019
07:23
Thoughts on the interim results?
leopoldalcox
11/9/2019
14:01
Yes indeed Otherwise we will follow the same pattern as last time
jailbird
11/9/2019
13:37
imo they need to announce an interim divi for that, and show good a good performance in H1
sportbilly1976
11/9/2019
12:38
Sellers will have to pay a hefty price if they want to get back in ahead of the Interims next week.
azalea
09/9/2019
11:00
looks like it could be top-up time approaching...the sells this am should give a nice discount :)
sportbilly1976
09/9/2019
10:38
Kazahkstan's president denied the rumour that China would transfer 55 old factories to his country, attracting thousands of foreign workers. His Deputy Foreign Minister also refuted the rumour,saying what we do have is 55 joint high tech programmes with China, worth US27Bn dollars.
azalea
07/9/2019
13:17
Mattjos 2398 A critical and comprehensive analysis of STCM assets and prospects that together make STCM a very attractive investment.
azalea
07/9/2019
12:27
China's Belt & Road initiative should see prolonged cement demand in their territory & Steppe's rail wagon fleet enables them to more cost-effectively 'project' their production further into the country than other producers can.Their main production line is modern, efficient, dry-line type so not at risk of becoming obsolete due to clampdown on inefficient more polluting production lines.Their new bagging line enables them to increase their gross margin, as compared to bulk cement sales.As the sector matures and new-build cement plant opportunities become scarcer, the big international cement companies like Conch have always switched from new build to acquisition as a means of gaining market share. I believe Steppe has sufficient USP's for it to be categorised as having a defensive moat around its business (they also have access to long-term local limestone supply - a critical factor in determining cement plant locations) &, in time, they will increasingly come up on the scope of the big players looking for bolt-on acquisitions ... I believe management know this full well & between now and the arrival of an offer(s), simply intend to return most of the profits to shareholders as a dividend. This in itself will also act as a magnet for the predators. Yes, the sector is renowned for its cyclical nature ... If management are canny, they will resist any predatory approaches until such time as the dividend flow has driven the share price up to nearer 200p per share & then accept a 25-40% takeover premium. That's the intent, afaiac. Very Happy to ride along ... i believe it should all play out late in 2021/early 2022
mattjos
07/9/2019
12:20
For research: Political Risk httPs://astanatimes.com/category/nation/ includes... Kazakh President calls for gradual reforms in first National Council of Public Trust meeting (6/9/2019) ..."The National Council of Public Trust was established over the summer by Tokayev to better facilitate public input in the formation of national policies" ..."Tokayev stressed the role of the National Council in developing initiatives and modernising the country, saying the members’ varied opinions and positions will help the country develop"
pecuniarum copia
07/9/2019
11:40
Assuming they 'smooth' the dividend with introduction of an interim this time around, at something between 1 - 1.5p then, i cannot see the share price staying below 40p.Common enough Share price / dividend value multiple is 25x ... once the dividend becomes more established and wider recognised ie. a 4% coupon on investment.Back in the 1980's 4% would not have been particularly appealing but, in the crazy world we now live in, where there are £Bn's shunted into the sidings earning a negative yield, i believe a 4%+ yield is hugely attractive & so a corresponding share price of over £1 looks entirely justified.OK, the company is unlikely to tick the necessary boxes for high growth & therefore most unlikely to draw the more volatile elements of 'the herd' but, it should draw the more steady members of the investment universe who can do the maths and see the longer-term compounding effects of the dividend on offer here. For that reason, share price progress may be more sedate but, the buyers likely much more 'sticky' for the long term & will reinvest the divi in to the stock.I'd be surprised if we are not at 75p+ by the time of the 2019 FY results & then £1.50 by the time of the 2020 FY results. That would be 300% capital appreciation, accompanied by 15%+ yield in approximately 20 months. Keep buying and be patient, afaiac.
mattjos
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