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 Shares Traded Last Trade
  0.00 0.0% 25.50 539,581 08:00:12
Bid Price Offer Price High Price Low Price Open Price
24.00 27.00 25.50 25.00 25.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 60.27 9.46 3.32 7.3 56
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:24 O 13,000 26.24 GBX

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Date Time Title Posts
10/7/202008:07Steppe Cement - Kazak Infrastruture Play2,916
08/6/201822:57anyone know anything about steppe cement ?8

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Steppe Cement Daily Update: Steppe Cement Ltd is listed in the Construction & Materials sector of the London Stock Exchange with ticker STCM. The last closing price for Steppe Cement was 25.50p.
Steppe Cement Ltd has a 4 week average price of 22.50p and a 12 week average price of 20.50p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 17.50p.
There are currently 219,000,000 shares in issue and the average daily traded volume is 334,563 shares. The market capitalisation of Steppe Cement Ltd is £55,845,000.
leopoldalcox: Statement is pretty cautious about the immediate future. Reason for the share price fall?
jailbird: And it is down There is no share price appreciation here . Ppl who bought higher and many have , will have higher averages So making a paper loss on that but decent dividend payments have made up for it Need share price appreciation and dividend Will the rise get sold into again at the expense of dividend chasers ?
kenmitch: Haven’t checked them all Constable Ken but some of your supposed 12% dividend payers are no longer paying any dividend. Some are even struggling to survive their coronavirus hit. e.g Carnival. Travel agents like TUI have taken a big hit too. Ditto shopping centre REIT, Hammerson. Evraz has paid a very big dividend but a cut is now very likely. Could be that all your list will cut or cancel? Steppe otoh have confirmed their intention to pay a 3p dividend so their over 12% yield is genuine, and as long as share can within a year be sold at or above the current 24p price a great buy at current price. Could be share price upside too for capital gain on top!
jailbird: Reading the results again Like for many Cos this year will not match , best forecasts or expectations Forward outlook is less positive .Reduced demand and we are seeing the affects of increased competition the Co mentioned few months back .I would say in terms of revenues and margins the Co has peaked .Domestic market consumption is constantly around 9 tonnes per year And exports have reduced .Rest of the year by reducing costs and with lower coal prices , Co will maintain profitability , reduce debt .Best hope it continues to pay a dividend , otherwise any interest we gave no will also die.Like I said , it will just be a dividend play again .The best hope for share price appreciation is indeed a bid by an interest party . . Will that ever happen ?
jailbird: Over last couple of years , this has just become a dividend trade Take your dividend payment and run If the share price happened to run up too much before payment then ppl sell before dividend tooJust does not seem to have the interest to hold any gains
jailbird: KS Thankyou for that and reconfirming the financial state of things It is the year after I am looking at as the market likes to look forward when pricing . Share price has strugglesd to pass 40p+ with very good economics times and sentiment in that region and globally . Different times now and for at least another 12-24 months We have to price that in . But for the positive believers who can look beyond that , then may want to add on this fall
mattjos: Share price back to where it was in Spring 2018. This looks a complete nonsense when you compare Prelim Results update for FY 2019 as compared to the one issued for FY2017: Y/E 31.12.17 - Revs: KZT21.4m Sales Vol: 1.63mt Ave. Ex-Factory Price: US$33/t Y/E 31.12.19 - Revs: KZT30.5m Sales Vol: 1.71mt Ave. Ex-Factory Price: US$39/t Local Market Share was 17% in 2017 & 17.5% in 2019 Then if we look at 1st Q 2018 v 1st Q 2020: Q1 2018 - Revs: KZT2.3m Sales Vol: 197kt Ave. Ex-Factory Price: KZT11,732/t Q1 2020 - Revs: KZT4.0m Sales Vol: 235kt Ave. Ex-Factory Price: KZT16,970/t The company paid 1p/share divi in June 2018 for the FY17 Results On every metric, STCM is far ahead of where it was this time 2018 but, the share price remains the same. Construction may get pegged back for a month or so, but that just means the demand will spring back very fast into the summer months, when I expect there to be a clamour for cement & resulting rising prices. Steppe management are doing absolutely the right thing in keeping the factory operating at capacity. If, given the current climate, it is an easy ask to defer principal debt payments for a couple of months then, so they should & in fact daft not to, afaic Price here is all wrong & so I have been adding more at under 20p
jeanesy: Share price continues to fall. Will be under 20p pretty soon it seems. Really cant see a dividend here. price action says it all really .. sadly :(
mattjos: 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.
novicetrade68: 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 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.
Steppe Cement share price data is direct from the London Stock Exchange
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