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Looks like everyone else also thinks its ex div today too - maybe it is - Usually ex div is working day before the record date though which is today.
That’s what I thought too but it isn’t the ex div day is always before the record date so it’s actually today. If you buy today you won’t get it for those shares.
I think the 28th is the ex dividend date even though it’s not really a dividend.
Looks like I’ve got myself in a right mixup with all of this. Apparently the ex div date is today not Tuesday as Tuesday is the record date. So basically it’s very good news because the price is still rising and today is the ex div.
However there is a strong counter-argument to this. People that have bought shares for the payout may be unwilling to sell them again at such a huge spread and make a loss larger than the payout. That may lead them to hold and take their chances. Hopefully this will be the case and there won’t be a big drop in price come Tuesday . I’ll still offload a few if the price rises to around 22p though but will hold a lot too.
19.16 sell and a 19.70 buy
It’s a bit odd today. Says there is still a huge spread but if you look at the trades listed here there is a very narrow spread. 19.16 sell to19.50 buy or something thereabouts. Very strange.
I think it likely that there will be a fire sale on Tuesday the price will go through the floor. I hope I’m wrong and people hold the shares for longer being tempted in by the payment. If the sell price reaches a decent enough price today (21-22p) I will reduce my exposure and risk a bit I have too many of these shares. If it doesn’t rise enough though I will just hold them I’m not giving them away for a rubbish price.
Whilst it says 16p-19p here. I am getting live prices of 17.75p to sell - 18.75p to buy. The spread here does not reflect the live and it is more in line with the normal spread.
Been in this one a long time and still optimistic the good times will be back. Will add if significant drop in SP. When/if sales pick up and divi returns we'll all be happy bunnies.
How do we play it? As stated earlier I am buying.
Looking at the data I think we'll have a strong summer and the trading update will be positive with the expect increase in demand and price coming through. All economic indicators from the region point to continuing strengthening and growth. The payment of the 1.5p suggests that the business has no surprises, cashflow wise. We took a lot of production cost in the last period, but chose not to sell the product at a price which would impact margins. So as long as we can shift the product at the right price (and that was the call of the local management) an update should be positive and returns can again be paid to shareholders. Here's the local data https://www.imf.org/external/datamapper/profile/KAZ
Well unless the spread narrows, volume increases and the sell price rises we are kind of stuck. My concern here is that the price drops after the 28th - we shall see.
Hopefully, maybe, fingers crossed etc, there should be another payout this year so I wouldn’t be to hasty to sell up, maybe, hopefully etc…. :)
Now how do we play this? If volume goes up before the record date people buying for the payout is be tempted to sell if the price goes up and the spread narrows otherwise you could end up with a sharp drop come ex div day and once again low volume and a huge spread. Depends if the volume and price go up and the spread narrows really otherwise may as well hold and take the payout.
Stock STEPPE CEMENT ORD NPV
Event Type Cash Distribution
Description Cash Distribution
Record date: 28th May 2024
Terms: Approximately GBP0.015 in cash for each share held
Pay date: Expected 6th June 2024
Steppe Cement Ltd has announced a capital repayment, whereby Holders will be issued with approximately GBP0.015 in cash for each existing share held. The record date is the 28th of May 2024
The payment will be issued to entitled shareholders upon receipt from the company.
Interesting my buy has not appeared.
50000 shares purchased to kick off the day...
I'm with you notsofastyou. If you're the CEO and you want to purchase more shares through your 'family' do you want to do that when the price is high or low? Let the price fall as far as if can go, buy lots of shares and then let rip. All these delays to get the money out of the company are doing only one thing and that's driving down the price. The CEO however knows when it is going to pay and therefore has an advantage. It stinks but he's not getting my shares on the cheap. I might buy some more tomorrow at the right price. GLA
It’s just because there is no volume. No point buying or selling this until the volume increases. We are kind of stuck until this payment happens (if it happens)
The spread they have on this is just ridiculous.
"The Capital Repayment is expected to be completed later in Q2 2024, with further announcements, including the Record Date, to be made in due course by the Company."
Once again we are close to the end of the time that we were told a payment was going to be made by and we havent even had a date this payment is going to be made. Same as last year with teh divi that never happened. This is very dodgy I dont know how they are getting away with this.
i'm starting to strongly suspect that this is intentional - they are trying to **** retail investors off so that the large sahreholders can mop up cheap shares. how long they can get away with it seems to be infinite becuase there seems to be very littel regulation on this in our stockmarket.
I mean the price movements are pretty meaningless at them moment because there is very little volume its just Market makers with a finger in the air but they really do need to give us a date for this payout - This kind of behaviour is not right and should be regulated. Someone shouls be able to tell these guys "come on enough is enough you have said you are going to pay a divi for over a year now and you still havent.
It’s tough to decide
Is this a falling knife
Or
Is it a bargain?
We will know by the 4th quarter after spring and summer trading
i tell you one thing for sure if they don’t announce a date soon and even worse if they don’t do it this quarter this share is going to completely tank. they have taken the **** for long enough now.