Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Market cap of £105 million still looks on the low side.
It’s difficult to compare Steppe to other Kazak producers as there is little financial info from rivals freely available.
However when you look at the pure metrics of Steppe it is considerably health, plus a high yield, strong profits, solid forecast, demand consistent and Kazak currency holding up fine.
Insert your shares owned and calculate payment. https://www.dividendmax.com/united-kingdom/london-stock-exchange/construction-and-materials/steppe-cement/dividends
Even better for those buying in the low 30s but still decent value
Yep....
You all asleep on here?
if you go by the RNS then Yes ; still share is starting to catch attention slowly.
At some point this month we shall get an update on the over due dividends
No Brainer , everyone now looking at dividend's and company's with limit debt.
Good bit of momentum building.
Gla
C
Investors close to the company are buying ,see todays RNS’s
what are the implications of creating a B share and then cancelling them
Market Update for the Third Quarter ended 30 September 2022
Third quarter 2022 revenue of KZT 13,071 million was 9% higher than revenue of KZT 12,045 million
achieved in the corresponding quarter in 2021. For the 9 months ended 30 September 2022, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 32,651 million compared with KZT 28,812
million in the corresponding 9-month period in 2022, representing a 13% increase.
A sales volume of 546,357 tonnes was achieved during the third quarter, a 2% increase from the third
quarter of 2021. For the first 9 months of 2022, the sales volume decreased by 1% to 1,362,407 tonnes
from 1,375,464 tonnes in the corresponding 9-month period in 2021.
The average price (ex-VAT) for delivered cement was KZT 23,965 per tonne in the first 9 months
compared with KZT 20,947 per tonne last year. For the first 9 months of 2022, the ex-factory price
stood at KZT21,023 per tonne, an increase of 17% over KZT17,930 in 2021.
A moderate share buy back at this stage would do no harm
There is enough float to take up 5%
Hi damofarl , completely understand
The company's structure is the issue , as Tax would of been paid on pre-tax profits in the country's origin.
So should not be a problem , also its not STCM problem but the shareholders that was the point of me making.
thordon; i'm not sure the issue is personal tax on investor dividends, so much as tax on the company (STCM) paying them - obviously the major Malaysian shareholders don't want to lose 24% (which ultimately is in our interests). I still think the issue is that the money (company structure) is ultimately remitted from the netherlands, hence there hasn't been any prepaid tax to offset. Well see.
the problem is Malaysian authorities minimum tax requirement as said earlier , where it appears we have a major shareholder.
Buybacks is not the answer as limited free shares available , but having read the Malaysian authorities minimum tax requirement its regarding Pre-tax paid on company's profits which has been paid in there own country. The Confusion is minor but the dividend will be subject to tax in any country and appears that the main shareholders was except until now with the new Malaysian law introduced , as my shares are held in ISA account then no tax will be paid until a new law introduced as in the case in Malaysian law.
The End point is STCM will not foot any bill , Dividends are personal
You can't knock the continued profits, but not much use if they fail to ensure a mechanism to distribute such - dividend clarification announcement in November now.
AS ever, patience required.
At last an RNS to clarify. 5p / share reserved for dividend or capital return.
Even better news
Be more happy with with dividend , but then it does not matter both ways.
Some companies are doing share buyback instead of interim dividends, I’m happy with that if Steppe choose this option.
Have to say bought into today , there are issues with Interim dividends but not so on year end dividends.
This is across the globe to stop company's paying dividends then 4 months latter going bankrupt.
Problem is the legislation for this across the globe is out of synch.
So expecting Full year dividend to be announced at full year accounts.
Pathetic performance by the company, appears to only want to keep its majority shareholders happy.
Next week then!
well they've had several months to navigate it, so one would hope so; doubtless we will find out tommorow.