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
  0.50 1.59% 32.00 95,972 12:43:06
Bid Price Offer Price High Price Low Price Open Price
31.00 33.00 32.00 31.50 31.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 60.27 9.46 3.32 9.7 70
Last Trade Time Trade Type Trade Size Trade Price Currency
15:23:51 O 10,000 31.60 GBX

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Date Time Title Posts
27/11/202022:17Steppe Cement - Kazak Infrastruture Play3,148
25/11/202015:08anyone know anything about steppe cement ?11

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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 31.50p.
Steppe Cement Ltd has a 4 week average price of 26p and a 12 week average price of 23.50p.
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 143,203 shares. The market capitalisation of Steppe Cement Ltd is £70,080,000.
kenmitch: Total dividend this year is 4p with 1p special to be paid on Friday. So dividend yield at current price is 12% and at the 25p price some of us paid the yield this year has been a massive 16%. And for anyone who bought at 22p the yield for them is just over 18%. So as long as Steppe are able to continue paying these big dividends Steppe is well worth holding for the dividend yield alone. The share should be much higher with a yield like that but presumably a KAZ cement share is under the radar of many investors.
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
zangdook: There must be some way to take advantage of share prices which forget to remember they've gone ex-dividend, but I can't think of one. It would be a different story if the spread was very small or if the stock was fully valued and I wanted to sell, but as it is all I can do is be glad I did my topping-up in advance and annoyed that I didn't do a bit more.
wanobi: STCM - either way it looks like his intentions are now out there for all to see which surely will put a rocket under the share price :-) we shall see, GLA Cheers Wan :-)
constable ken: wilo101 As I thought I made clear, Mattjos's statement is referring to payments made in the current year, contrasting STCM with the many companies which have cut their dividends because of the pandemic. His statement that STCM has raised its dividend is false. He didn't say "it raised its dividend a couple of years back". He didn't say "it would have raised its dividend but for the pandemic". Here's what he said: "Contrary to majority of companies who are reducing or completely halting dividend payments, STCM has raised its dividend." This sort of dishonest misrepresentation is a blight on advfn. There are a lot of people who are influenced by what they read here. Of course they should do their own research, but that doesn't excuse dishonest ramping. Can't people find good things to say about Steppe without making up lies?
wilo101: The beauty of the STCM holding structure carefully planned, designed and put in place is that all dividends are free and clear of all taxes to all shareholders and without doubt. So far there have been 5 dividends, one pre-IPO in 2004/5, and four since and never has any tax been withheld on payments out to shareholders, next Friday 31st July 2020 is payment day and when the monies will be in all shareholders accounts. That will make £0.07p per share for all of the years 2017-2019, free and clear. How on earth can the share price remain stuck at £0.22p per share, escapes me but great cheap buying for those in the know. After peak debt at £95m to build out the 2 dry lines, the Group is now effectively entirely debt-free.
speny: I bought two tranches back in April and May mainly for what works out to be a 14% dividend payment for me. Providing they pay a similar dividend next year, the share price could drop to 15p and I'd still potentially not be out of pocket. With such a high divi yield, any share price appreciation is a bonus. An average price of just under 22p, with two divi payments of 3p, if the share price hit 38p that would equate to 100% profit. This may not be the most exciting share for growth, but with cash almost covering net debt, its pretty low risk.
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 ?
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
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.
Steppe Cement share price data is direct from the London Stock Exchange
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