Steppe Cement Share Price (STCM)

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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 Shares Traded Last Trade
  0.00 0.0% 43.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
42.00 44.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 54.69 9.58 3.73 11.8 94
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 43.00 GBX
Related Shares
Compagnie De Saint-gobain (COD), Crh (CRH), Mountfield (MOGP), U.k. Spac (SPC)

Steppe Cement (STCM) Latest News

Steppe Cement News

Date Time Source Headline
07/6/202112:17ALNCTRADING UPDATES: Steppe Cement profit rises as production costs cut
07/6/202108:01UKREGSteppe Cement Limited Final Results and Accounts 2020
07/6/202108:00UKREGSteppe Cement Limited Notice of AGM + Annual Report 2020
13/4/202120:13ALNCTRADING UPDATES: Next Fifteen swings to annual loss on staff costs
13/4/202107:00UKREGSteppe Cement Limited Market Update for Quarter ended 31 March 2021
19/2/202107:00UKREGSteppe Cement Limited Holding(s) in Company
11/1/202112:28ALNCIN BRIEF: Cement Price Increase Aids Steppe Cement Annual Revenue Rise
11/1/202107:00UKREGSteppe Cement Limited Preliminary Update for the Year ended 31 Dec 2020
29/10/202008:00UKREGSteppe Cement Limited Declaration of Interim Dividend
09/10/202011:57ALNCIN BRIEF: Steppe Cement Third Quarter Revenue Up On Higher Prices
More Steppe Cement News
Steppe Cement Investors    Steppe Cement Takeover Rumours

Steppe Cement (STCM) Discussions and Chat

Steppe Cement Forums and Chat

Date Time Title Posts
23/6/202120:47Steppe Cement - Kazak Infrastruture Play3,567
25/11/202015:08anyone know anything about steppe cement ?11

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Steppe Cement (STCM) Top Chat Posts

DateSubject
23/6/2021
09:20		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 43p.
Steppe Cement Ltd has a 4 week average price of 42p and a 12 week average price of 34.50p.
The 1 year high share price is 54.50p while the 1 year low share price is currently 21.50p.
There are currently 219,000,000 shares in issue and the average daily traded volume is 188,135 shares. The market capitalisation of Steppe Cement Ltd is £94,170,000.
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07/6/2021
21:19		aleman: That's the share price for US Concrete and it has received a bid today. Concrete prices are set by local supply and demand, anyway, because it does not travel well. USCR's market cap is around 17 times its $76m operating income but it carries debt of $702m and paid interest of $46m. More here: Https://investorrelations.us-concrete.com/static-files/29679962-25ba-4c6b-8690-381e68565347
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07/6/2021
11:31		gary1966: Bisiboy, I don’t disagree with the sentiment but it appears to be the way they have always done. Concentrate on the annual dividend increase rather than just the final payment. Appreciate hopes/expectation was for more but still a very healthy yield with a share price that doesn’t reflect the value of the assets. Kind regards, Gary
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05/6/2021
13:40		aleman: h ttp://www.steppecement.com/pdf/stcm_admissiondocument.pdf 12 Admission, Settlement (CREST) and Dealings CREST is a UK computerised paperless share transfer and settlement system, which allows shares and other securities, including depository interests, to be held in electronic form rather than in paper form. The Company, through its UK Registrar, Computershare, has established a depository whereby Depository Interests, representing Shares, will be issued to Shareholders who wish to hold their Shares in electronic form in CREST. The Company will apply for the Depository Interests which represent Shares to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in Shares following Admission may take place within the CREST system if the relevant Shareholders so wish. CREST is a voluntary system and holders of Shares who wish to deal on AIM and receive and retain share certificates will be able to do so. For more information concerning CREST, Shareholders should contact their stockbroker or CRESTCo Limited at 33 Cannon Street, London EC4M 5SB. 17. Shares held on the Labuan registry cannot be traded on AIM and similarly, Shares and Depository Interests held on the UK registry cannot be traded in Labuan. However, Shares held on the Labuan registry may be transferred into Depository Interests held through CREST on the UK registry and vice versa. Shareholders wishing to undertake such a transfer should contact their broker and allow a reasonable time for the transfer to be effected. It is emphasised that, although the Shares will trade on AIM, the Company will not be subject to takeover regulation in the UK. Being a Labuan incorporated company, Steppe Cement is subject to the takeover provisions of the OCA (see Section 2 of Part 4 of this Admission Document for details). Further details in relation to trading in the Steppe Cement
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05/6/2021
13:19		eggbaconandbubble: Thanks for that part-time. Having read it, my understanding is that trading in ADR's of STCM have no relevance to the share price quoted on Aim at LSE. They are an irrelevance. Please correct me if I am wrong.
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05/6/2021
08:16		zangdook: The AIM admission document makes no reference to "ADR"s. It does say The Company, through its UK Registrar, Computershare, has established a depository whereby Depository Interests, representing Shares, will be issued to Shareholders who wish to hold their Shares in electronic form in CREST. The Company will apply for the Depository Interests which represent Shares to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in Shares following Admission may take place within the CREST system if the relevant Shareholders so wish. CREST is a voluntary system and holders of Shares who wish to deal on AIM and receive and retain share certificates will be able to do so. It also says Shares held on the Labuan registry cannot be traded on AIM and similarly, Shares and Depository Interests held on the UK registry cannot be traded in Labuan. As far as I'm aware, the registry for my shares is Computershare in Bristol. Presumably my shares are held as Depositary Interests via CREST, as I don't hold certificates. I don't know anything about shares on the Labuan registry - the company website only mentions the UK Registrar.
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02/6/2021
21:18		mattjos: It's only because we've had a seller here for donkeys that the share price is this low. There is no point trying to fathom out why the seller is electing to act in this way … you can never know nor understand their motivations (sometimes after the event you come to know). Their selling is your and our opportunity .. that's what's important to understand. Once they are out then, the cheap shares simply dry up & the market does it's thing to re-rate the shares to true value … that is your margin of safety. Drop lucky and that inevitable resulting updraft is propelled higher by 'events' . in this case probably not an exciting expansion but, more likely a Bid .. the main thing is, you know what your are buying 'today' is unrealistically cheap solely as a consequence of a sellers actions. Buy and Wait .. sounds simple but, most people seem to find it impossible to do … in this case, the hugely rewarding dividend should make it more than palatable. The added excitement here is that the US$ collapses and the Tenge appreciates as a consequence …. the GB£ most unlikely to rise against the $ in such a dramatic fashion and therefore there is potential for an additional +ve currency lever to the upside.
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22/4/2021
11:12		elpirata: agree fozzie, although conversely any disproportionate ex divi share price fall gives an opportunity to compound income simply by reinvesting the divis at a lower price. Like many others here (I suspect) I dont need to take the divis out of the SIPP as income so it just accumulates in new shares, and to that extent the share price is quite irrelevant to me as long as the business performs. I have no intention to sell and nowhere else to put the money to get this level of return.
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16/4/2021
10:17		danmart2: Why did this share price never recover from the end of 2008 where other similar companies share price has?
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13/4/2021
13:17		wilo101: 13 April 2021 Change of TP Prices cited in the body of this report are as of the last close before, or the close on, 12 Apr 2021 (except where indicated otherwise). VTB Capital analysts update their recommendations periodically as required. This research report was prepared by the analyst(s) named above who is(are) associated with JSC VTB Capital and is distributed by JSC VTB Capital and VTB Capital PLC and their non-U.S. affiliates outside the United States. This VTB Capital research report is distributed to investors located within United States by Xtellus Capital Partners, Inc. (“Xtellus̶1;) as a “third-party research report” as defined in Rule 2241(a)(14) and Rule 2242(a)(17) of the U.S. Financial Industry Regulatory Authority. Please refer to the Disclosures section of this report for other important disclosures, including the analyst certification and information required by regulation. Equities Steppe Cement, ord. (STCM LN, GBp) Buy (21 Sep 2016, 12:24 UTC) Previous: Hold (14 Jul 2016, 13:01 UTC) Target price, 12mo: 47.00 Last price: 38.00 (12 Apr 2021, close) Expected total return: 37% Upside, 12mo: 24% DY, next 12mo: 13.2% Share price performance, 12-mo 1M 3M 12M 3Y Price 4% 23% 104% 93% Price relative 10% 28% 65% 52% ADTV (USD mn) 0.13 0.11 0.09 0.09 Key financial highlights Fiscal year end 12/19 12/20F 12/21F 12/22F P/E, x 8.6x 6.9x 8.3x 8.1x EV/EBITDA, x 3.8x 3.3x 4.3x 4.2x P/B, x 1.3x 1.2x 1.9x 1.9x FCF yield, % 17.9% 17.8% 15.6% 15.3% DY (ords), % 10.8% 20.0% 13.2% 13.2% Net sales, USD mn 80 75 78 79 EBITDA, USD mn 24 25 27 27 Net income, USD mn 10 11 14 14 Net sales, chg -3% -6% 5% 1% EBITDA, chg 15% 2% 10% -1% Net income, chg 7% 12% 27% 2% EPS(ords), USD 0.044 0.050 0.063 0.064 DPS (ord.), USD 0.04 0.07 0.07 0.07 BPS(ords), USD 0.29 0.28 0.28 0.28 EBITDA margin, % 30.1% 32.8% 34.5% 33.6% ROE, % 15% 18% 23% 24% Net Debt, USD mn 8 6 2 (1) ND/EBITDA, x 0.3x 0.3x 0.1x 0.0x Net int. cover, x 7.2x 8.7x 11.9x 12.1x Multiples and yields are calculated based on period-average prices where available. Source: Bloomberg, Company data, VTB Capital Research -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 0 5 10 15 20 25 30 35 40 45 Apr May Jun Jul Aug Sep Oct Nov Dec Jan FebMar STCM LN, GBp, lhs Relative to RTS Index, %, rhs Steppe Cement Generating hefty dividend yields for shareholders Steppe Cement is an attractive dividend payer, in our view. The positive cement market environment in 2020 and 1Q21 (and outlook for FY21), limited capex requirements, low leverage, solid profitability and good cash generation imply that the company’s FY20 DPS (payable July) could reach GBp 4 (11% yield), with an additional interim DPS of GBp 1 (3% yield) to be distributed in the autumn. This makes Steppe Cement attractive for value investors with sufficient tolerance for low liquidity, we think. Having updated our model, we are increasing our 12-month Target Price 18% to GBp 47, which implies an ETR of 37%: Buy reiterated. Solid trends in seasonally weak first quarter. Steppe Cement’s 1Q21 cement sales increased 13% YoY to 265,556t, while ex-works prices were up 11% YoY to KZT 14,568/t (up 3% YoY to USD 35/t). Delivered prices were 8% higher YoY to KZT 18,384/t. We think that the slower growth of delivered prices was due to some decrease of average transportation distances. Steppe Cement’s 1Q21 revenues increased 22% YoY to 4,882mn (up 13% YoY to USD 12mn). According to the company, Kazakhstan’s cement market increased 12% YoY in 1Q21, with the company increasing its share from 12.6% in 1Q20 to 13.2% in 2Q21. We think that these price and volume trends in the seasonally weak quarter augur well for 2021. Forecast revisions. We have updated our forecast to take into account Steppe Cement’s strong operating performance in 2020 and 1Q21. This resulted in our 2020-25F revenue forecasts increasing 5-6%, while our EBITDA projections rose 17-35%. In the longer-term, our forecast implies relatively flat performance, but this is still likely to be sufficient to distribute hefty dividends and generate high yields for shareholders, we think. Hefty dividends on the cards. Steppe Cement distributed GBp 1 as an interim dividend in November 2020. While previously we had assumed only annual dividends, we are now switching to modelling both interim and fullyear dividends. Based on the company’s record of distributing excess cash to shareholders and our forecasts of its cash flows, we assume that in the coming years Steppe Cement will be distributing GBp 4 per share as a fullyear dividend and GBp 1 per share as an interim dividend. Such forecasts imply a 13% dividend yield over the next 12 months, which, along with an undemanding valuation, underpins our positive view on the stock. Valuation and risks. We derive our 12-month Target Price from a DCF model (WACC 15%, TGR 0%). The key downside risks are lower dividends, ‘irrational217; pricing by competitors, potential overcapacity in Kazakhstan and the neighbouring countries, as well as the overall macro environment and cement market trends.
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07/11/2020
16:02		mattjos: STCM share price has generally done well in the last Q each year in the run to the FY Results and the divi announcement. It then has tended to spend the rest of the year in decline. now it appears the company is intending to make two divi payments each year so, it's going to be interesting to see how the price movements change as a consequence. Still stupidly cheap, whichever you look at it & as wilo says, should be trading at 50p minimum within the next 6 months
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Steppe Cement share price data is direct from the London Stock Exchange
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