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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
Bought a few on the Dip... have had my eyes on it for a while...
..........."Dividends are tax-efficient means to draw a salary. Given the size of the shareholding from the board, I would not discount the fact that they missed the deadline for special dividends.
In my books it merits a bit of patience up to July."..........
Why all this faff re taxation of dividends? In many jurisdictions, payouts from capital reductions are treated like dividends.
Why would a company even care about the potential tax status of its shareholders?
Is all this trustworthy?
Agreed. Not the greatest of RNSs but seems a huge over-reaction to me.
WTF?
Price is odd today seems a big tree shake?
Consistent sales for over the past 10 days
All in due course
They need to finish the year strong, the Kazak economy is picking up, inflation is dropping, the domestic market is steady and there is future demand, all about controlling costs and making the plant more efficient
The rns's/updates are telling us why.
I'd like to hear from management why this company says it is inefficient to pay a dividend when Air Atana, about to float in London, can. Are they subject to different rules?
https://interfax.com/newsroom/top-stories/99461/
That was my thinking, divi related. We'll see soon!
A while ago the company announced that they are subject to country laws planning to pay between 2.5-3P in dividends
So based on that we had a 11% rise back then so it could be that a RNS is about to be issued confirming the payment of this divi more near the top end
I hope so as a lot of folks bought this share cause of generous divi at much higher price that the current SP
Price is finally moving today anyone know what’s going on? Does someone know something we don’t yet know?
Another board purchase?
Snap election next week (7th Feb), no changes expected.
Reported today Kazak economy best growth in 2023 compared to past 10 years
Further internal investment also announced
https://astanatimes.com/2024/01/kazakhstan-to-launch-180-manufacturing-industry-projects-worth-3-3-billion-in-2024/
The cement market reduced by 0.1m tonnes, market share reduced from 14.5 to 14.2%. Whilst accepting increases are preferable these reductions are not disastrous. It may be a tough year or two due to inflation, average prices etc but I remain optimistic longer term.
An unexciting update today; volumes and prices slightly down, which does suggest there is no growth and/or oversupply in the local market currently.
That said, no surprises either and I pencil in about £13.5m in profit for the year. If we disregard plant, the £16m of inventory provides quite a back stop against current mkt cap. 2022 was quite a heavy expenditure year so lower 2023 expense may feed through to a little more profit. There is no doubt that a decent dividend will be forthcoming once the taxation/inter company structure is resolved.
Yes, one for the patient, but don't see either fireworks or anything to be concerned about here.
Looks to me to many competitors/competition chasing to few orders keeping prices low so as to maintain market share.which in the short term suggests not a lot of profit to be add. reading between the lines thats how it looks to me.
I've been a holder of this several times over the years. The big risk that I currently see is it being taken private, with a low-ball offer from the big shareholders. It would make perfect sense... For this reason and with no current dividend and without further clarification of the situation, the risk (for me) is too great to open another position.
I don't see this issue as one that endangers the intrinsic business proposition.
Yes, I'll wait.
In the meantime, it could be a welcome opportunity to increase or take up positions at favourable valuations. One seldom has that opportunity when everything is smooth sailing.
The decision is up to the investor.
If the business is broken, then selling is rational.
I see this as a temporary adjustment. Thus I hold and consider topping-up opportunities.
Time will tell.