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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.
Funds to pay dividends, 15% of current sp set aside, difficulties distributing due to recent tax changes but i have no doubt a solution will be found. I think it is fair to assume a 30- 35p share price shortly, being before H2 24, but could be much sooner.
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.
Toped up gently at this price. Hopefully if divi will come throught price will rise up more than divi 2-3p so can sell half of it.
The structure of the major shareholdings means a buyout here is just a pipe dream.
Today's RNS is merely a replay of the interim dividend delay, due to tax considerations. As then, now they are working out the most tax efficient way to pay. Note the RNS reaffirms that the dividend was out by. As with the interim, we just have to wait. Patiently. But it will come.
Still think a buyout is on the cards here. Just got that feeling.
Well at least we know a dividend coming , same as last year. Thought the tax on dividend only was effected by intrim payments.
Well it’s because they’ve just confirmed that they can’t currently find an efficient way of paying said dividend? Might need to go down the share buy back route with a much smaller token dividend.
Re inteisuin to pay dividend and price droped 8% ?
Weird.
Not really. Nov would be the interim. Did that change? So far I can see July as the final date.
A big move up this week. Bid was at 22p on Monday, and the bid was available at 24p in the last hour of trading on Friday with no takers. That's a nice move in the week.
It seems that lots of very small sales are happening. I'm holding tight to my shares.