Steppe Cement Share Price (STCM)

I'd agree that under 20p was not expected but the trading update was hardly inspiring. Good news some cash is coming our way and let's hope this is followed by the market picking up combined with the summer price/demand rise they are expecting. I take some comfort that insiders continue to up their stake, its just a lost opportunity cost having my cash tied up as we bottom, rather than making major gains, which is happening elsewhere.

The family of the Company's Chief Executive Officer, Javier del Ser Pérez, has purchased 75,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), at a price of 17.96 pence per share, via Portola Group Limited.

Accordingly, the family of Javier del Ser Pérez is now interested in 19,078,115 Ordinary Shares, representing approximately 8.71% of the Company's existing issued share capital.

I got this wrong, I never expected the market cap to fall to this level especially as it’s still a sound business in a relatively stable country

Freedom4Uall i recon is lawyers jargon to soap eyes of taxmans but im not a specialist of cos :)

Will add some more on a dip. When inflation will go down thisone will rocket to 40ties. Probably this year.

On the surface the payment RNS doesn't appear negative, it appears they found a way around the dividend payment issues, but i lack understanding of the specific payment method, can anyone explain in basic what is a capital repayment by way of capital reduction, what are the pros and cons of it? i understand dividend and share buy back but have not seen this before.

RNS Announcement on Capital Repayment dates

On or around Thursday, 23 May 2024