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From what I can see the RNS today about 2014 results is positive but didn't effect sp at all! . I understand that drop in oil is badly effecting this share price but can anyone give me their opinion as to whether this overall drop from the 40's is over the top? How recession proof is this company? I calculate NAV gives sp of 45p but I am novice in this game so all advice welcome pls
Kazakhstan economy was the fastest growing Asian economy at 8% for a decade, buoyed by high oil prices for hydrocarbon exports. It has been badly affected by the drop in crude oil which will plunge the economy into recession and in turn affect sales of cement perhaps. Also the Putin effect , there is a price to pay for being in close proximity to an ailing superpower with unpredictable leadership. Good long term prospects here and I see a 50% upside easily achievable from here
Dividend payday! Enjoy!
Thu, 9th Oct 2014 07:00 RNS Number : 8337T Steppe Cement Limited 09 October 2014 ? Steppe Cement Ltd 9 October 2014 Market Update for the Third Quarter Ended 30 September 2014 Third quarter 2014 revenue of KZT 7,652 million was higher than revenue of KZT 7,235 million achieved in the corresponding quarter in 2013. For the 9 months ended 30 September 2014, Steppe Cement Ltd ("Steppe Cement") recorded total revenue of KZT 16,778 million compared to KZT 15,399 million in the corresponding 9 month period in 2013, representing a 9% improvement. A sales volume of 582,429 tonnes was achieved during the third quarter 2014, a 16% increase from the third quarter of 2013. For the first 9 months of 2014, sales volume increased by 21% to 1,291,888 tonnes from 1,065,852 tonnes in the corresponding 9 month period in 2013. Average price (ex-VAT) for delivered cement was KZT 12,987 per tonne in the first 9 months of 2014 compared to KZT 14,448 per tonne in the corresponding period in 2013. Ex-factory price for the first three quarters of 2014 stood at KZT 10,952 per tonne representing USD 61 per tonne based on the current exchange rate. The cement market in Kazakhstan increased by 5% during the first 9 months of 2014 compared to the corresponding period in 2013. Imports decreased from 20% to 14% of the total consumption. Steppe Cement's market share stood at 19% in September 2014. Steppe Cement's AIM nominated adviser is RFC Ambrian Limited. Contact Stephen Allen or Trinity McIntyre at +61 8 94802500. This information is provided by RNS The company news service from the London Stock Exchange END
A nice 6.38% rise today!
There is nothing nasty in the annual report to explain the drop in share price. On the contrary this reinforces my view that this is a well run company undergoing planned expansion with sensible achievable growth targets in a significant market with the opportunity to replace exports with home production. Anyone else out there?
Gradually creeping back up. Summer weather helps.
Looks like our large accumulator is back with a million plus shares bought today. I wonder if another RNS is imminent? I don't want a cheeky takeover bid though at these levels. Far too cheap IMHO!
I have a few of these shares (10,000) and I am confident they will do well long term. I suspect that these shares have been affected by the Russian antics in Ukraine. Keep topping up as these are a good money maker for the longer term investor.
Not much posting on this board? I hold stock in this share it's gently ticking up, "not complaining" however would like to here news and other investors views.
All the fundamentals for this company look great and it is still trading below its NAV / share. Time to top up I think.
seems strong in china?.http://www.globalcement.com/news/itemlist/tag/China
big trades coming in here again today...........
I bought in recently after the news came out that a director bought in at 32p. Even though the price has risen somebody in the know has the faith that it will rise much further enough to put money on it. As the world starts recovering and more investment pours into countries in and around Kazakhstan cement is going to be greatly needed turning this company that is plodding along making an alright profit into a cash cow.
imo
Javier Del Ser, the Chief Executive Officer (CEO) of AIM-listed construction materials producer Steppe Cement, topped up his stake in the firm on Tuesday with the purchase of 650,000 ordinary shares at a price of 25p per share. Following the £162,500 transaction, Del Ser holds 12,867,660 ordinary shares in the company, equal to 7.19% of the total issued share capital. Steppe is a leading cement producer in Kazakhstan. Its cement production facilities consist of four wet kilns and one energy efficient dry kiln.
Steppe Cement increased its sales of cement by two per cent in the first half of 2012, having sold 615,838 tonnes of cement for 7,728m Tenge, compared with 601,099 tonnes of cement for 6,286m Tenge in the same period the previous year. The average price for the current period for delivered cement was 12,549 Tenge per tonne (excl. VAT), compared with 10,458 Tenge per tonne in the corresponding period of 2011. Year-on-year the ex-factory price for the current period climbed to 10,386 Tenge per tonne from 8,777 Tenge per tonne. The volume of cement sales in Kazakhstan increased by 16% during this period while the share of imported cement dropped from 17% to 14%. As of first half 2012, Steppe Cement's market share decreased to 19% from 21% in 2011, but it increased from 18% in the first quarter of 2012. The company currently estimates Kazakhstan's cement market consumption to be 6.8m tonnes for 2012, representing an increase of 10% from 2011.
Looks like it's heading back into your estimates? Surely it can't go lower than 15p? Perhaps I'll look into this if it did reach below 15p with a small punt too.