Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Interim Results for the Half Year ended 30 June 2020
- Selling costs reduced by 20%
- Operating profits rose 39% to $11m (2019: £7.9m)
- Swing to net cash of $6.4m (2019: net debt of $1.1m)
- post period end the outstanding loan to Halyk Bank was repaid in advance.
https://investegate.co.uk/steppe-cement-ltd--stcm-/rns/interim-results-and-general-market-update/202009160700041446Z/
No nasty surprises in there, better than I expected.
The 52 week high was 37.50 back early January. But it seems that the offer price under the Malaysian system Once 33% is breached is the highest share price in the preceding 6 months (about 35p back in March) not 12 months as the UK system.
Normally for uk Quoted companies yes. This company is registered in Malaysia so the trigger level seems to be 33%
https://www.ibanet.org/Document/Default.aspx?DocumentUid=9396529C-A9F3-40E0-8809-2FF831949659
Alavib - I'm with HL and I received mine on the specified date. At the risk of teaching you to suck eggs, did you purchase the shares by the ex-dividend date to qualify for the dividend payment?
Hi everyone
Can anyone tell me if they had received the 3P divi which was supposedly paid out on July 31?
As I deal with HSBC INVEST DIRECT and I have just checked my account and no divi payment is showing
Has anyone else have had this problem
Needless to say I have complained to HSBS share dealing people for not being aware of such payment even though they are my nominee account holder!!
As Kazakhstan's rate of positive coronavirus tests appears to have stopped increasing, hopefully the Tenge will start to recover and fall back below 400 per USD.
be a small dip on payday given the cash outflow. but all ought to have been factored in by now.
I have a soft spot for this company for some reason. I just discovered the videos on its website. So sweet. I think as time goes on Steppe can automate its production line even more and get people to do less backbreaking work. But one has to start somewhere and build it up gradually.
http://www.steppecement.com/cementpacking/
The Line 5 opening ceremony is so sweet. Is the theme tune in the background from Dallas? Love it.
http://www.steppecement.com/line5/jun2014.php
good luck, marymoo.
def one i'm keeping in back of mind - looks like infra is front and centre going forward. and if you are going to build, generally, you need heeps of cement.
Thank you bigsmoke. It cleared it up for me.
I spent some time reading Steppe's annual report and financials yesterday. I'm a bit sentimental but I really like the company. They seem to be improving the factory every year, aiming to keep the debt level under control and there is always positive indicators of how Steppe is looking after its staff.
not too sure why you wouldn't have sold this morning...? Got out, let the stock fall 10%, as its done. Then get back in..
Hopefully it’s reached it’s turning point...the coiled spring has wound itself up enough
oh - the record date is not that relevant here. it is an admin matter. those that sold yesterday will not get the div because they were not on the books at the close of business on the day before the ex-div date.
marymoo - yes, the stock now trades ex-div. buyers today until next div declared will not buy stock with div. those on the books at yesterday close will get the div when paid at the mont end.
usual markdown = outflow of DIV. Should have opened 22p (25p-3p), then sellers exit and SP falls further. A tad unusal, but good sign of support today. well done all that held for the good income.