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Also reached new 12 month high beating the close of 40p in Feb. If we can clear 43.5 that will be a new 5 year high taking out the previous one in May 2019.
No probs :) I am expecting an increase to 5p for the dividend this year - we shall see..
Thanks for this!
Found Steppe through a dividend screen on Stockopedia over the weekend, this podcast helped my decision to pull the trigger this morning.
Excited to see what their results this week hopefully including an increased dividend. Though this has a great yield already as it is!
Cheers
Looks like they not slowing down too.
https://astanatimes.com/2021/04/kazakhstans-economy-shows-steady-growth-in-first-quarter-of-2021/
Interesting, and yes there is little to not like about them apart from their currency, but that said when I visited Astana 2 years ago I was blown away with the development work going on there.
Agreed AFAG. Good results from a good company with a very healthy dividend policy. What's not to like?!?
Good results in Q1. From RNS:
"In the first quarter of 2021, Steppe Cement Ltd ("Steppe Cement" or the "Company") sold 265,556 tonnes of cement for 4,882 million Tenge, compared to 235,896 tonnes of cement for 4,003 million Tenge in the first quarter of 2020, representing an increase of 13% and 22% respectively as the Company."
Hi all, I was invited on to a private investor podcast to talk about some small cap stock picks - I have covered Alpha Growth, Steppe Cement and Supply@me Capital:
hTTps://www.youtube.com/watch?v=f_Csm6kRiTc&ab_channel=PortfolioMatters
39p to buy now and a fair few shares have already been taken at that price today. Could we breach 40p level today?
Yield is still over 10%, and I believe cash flow supports an increased dividend too.
A 6p dividend would cost <$18M and they did around $20m operating cash flow last year. Now with close to zero debt to repay and a policy to 'return excess cash to shareholders' we will be seeing better than a 4p dividend very soon imo - this is why the price is rising - a small number of people have got their calculators out and done some basic maths?
Looks like the SP has hardened at last. It has been a long road but in the last few months it has been chipping away at a move up. I suspect the yield is drawing in income hungry punters. This has been ridiculously undervalued for ages. Although I have moved into a small paper profit just now, the divis alone in this since 2014 must have been about 18p. Thankfully I reinvested them back in too. Great share.
Nice little 7% increase today! Not sure what has caused this though, Sold value £29.99k, bought value £25.91k????
Seems like a ludicrous response to an RNS which, reading between the lines, would confirm dividends staying at around 12.5%.
Must admit I was a little surprised the SP dipped 10%. Nothing alarmed me in the RNS.
Anyone any thoughts they would wish to share?
still only one way here - up!
checking in on the cutest stock around.
Certainly not rocky!
showing strength
Expected a drop today as it went ex-dividend. Very pleased the opposite happened.
looking good.
The interim dividend was a welcome piece of news.
Agree about the yield, particularly when compared to many in the FTSE over the last 12 months.
I love the yield here. Ridiculously undervalued share. I blame Borat. GRRR!
still waiting to top up
looking good
no weakness, so not adding.
but this is a nice little share.