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They implied no dividend in the RNS about the restructuring of the business. Just look for the RNS with the huge SP drop after it... 🤷🏼♂️
An RNS saying that would have been good? Very strange.
Dividendmax no longer has the dividend listed for this year. It's been taken down, so I guess there is no dividend this year.
There seems to be very little information out there about the dividend.
Still no dividend
I've not long invested here and yes your right no word on a dividend the announcement date was changed from the 9th-16th on dividentmax
Where when? Still no word of a dividend
Desent dividends for a cheap share price.
Itsalottery;
I feel the RNS debunks your question, and debunks your concern as to whether viable. But judging by the SP reaction, your right.
Not sure why people think STCM will supply cement to Ukraine, plenty of other options for Ukraine much closer to home
Im no einstein , but if you have to pay for an increase on materials such as electric coal etc to produce cement plus higher wages and your charging less per tonne of cement produced this year than last year, does not sound a very viable investment to me, i can only assume there is more capacity to produce cement in kazhakstan than there is demand which is not good.
This stock could tick up a bit as more housing is required and appears to be forever in our news. Also this is pleasing news for another supplier in this sector. Notice they have left the AIM & been promoted. BREE should prosper.
The Company has been notified that on 4 October 2023 Abicad Holding Limited a Closely Associated Person of Amit Bhatia, Non-Executive Chair of Breedon Group plc and a Person Discharging Managerial Responsibilities, bought 5,550,000 shares of 0.01p each in the Company ('Ordinary Shares'), at an aggregate price of £3.37126 per Ordinary Share.
As an addendum, I think the tightly held (70% in 5 hands), means that this will never be bought out by a Lafarrge etc, and the value isn't in such. The value is in the tightly, basically privately held interests to secure a continual cash cow, demonstrated by the previously missed/delayed dividend, due to owners wanting to maximise tax efficient returns.
I've long been a fan of STCM, and do think it's misunderstood, some of the expectations of it are unreasonable.
The winter performance was poor, but it's never great, exacerbated this year by extreme weather, transport failures and currency fluctuations, and I do think the impact of nature, and the seasonal nature of product use, has been wrongly been inflated to this being a dog.
It's a lowly traded small stock, it's going to be vulnerable to the vagaries of small stock holders, trades disproportionately impacting the SP, both negatively and positively, and if you are trading represents both oppurtunity and risk. But looking long term as I do, I don't see a business that is going to grow 50% but I do see a business in a long term need, with the nation's need to build infrastructure, be it homes or roads or hospitals. The trajectory on that is constant and long term. Whilst rebuilding Ukraine (at some point) isn't really an opportunity, building Kazakhstan is.
And the economics of importing cement means STCM home production will long be a part of that. Will it grow, I don't know - I doubt it. But it doesn't need to, it can continue to pump out like levels to yield profits (dividends).
And on dividends, well they have stated an intention for 2-3p by November, and yes that is a reduction on the previous 5p but that misunderstands the 5p which was a catch up (due to the desire to avoid tax) of previous missed dividends. A like for like dividend, based on the preceding (generous) regular unmissed dividends would suggest an annual dividend in the 3.5 to 4p range. I believe it will be 2p and whilst some might suggest that is a 50% cut, I'd argue both that they were very high before, and that they are being prudent in paying an amount each year reflective on that year. A 2p payment this time would be acknowledging the importance of shareholders, and a confidence in the long term profitability of the company, and at that level is covered by (backward looking winter impacted) cash at hand.
Yes they need an environment both weather and politically which improves demand/pricing, and then it's fairly fixed cost base will through off excess cash, which will be leveraged by the considerable amounts of money STCM has spent in upgrading, making more efficient, their production, in the last 18 months.
If you are here for a quick trade, a dividend churn, I think their is a risk, oppurtunity. If you are here for the long term, as I am, I think there is reward.
Good luck whatever your position, but for the patient long term, this will always deliver.
At some point when the Russo-Ukraine war is over there will be a hell of a lot of rebuilding to do in the Ukraine at Russia's expense, definetely one to watch going forward............
Agree, a bit of a dog at the moment, and dividend likely to be pulled or just a tokenistic one paid until things improve. One for the watchlist for now. Will re-evaluate at 15p for a re-entry if we get down to that, as I suspect over a 5 year time period it will be a good buy.
Ive got this one wrong, i wont be chucking any more money until this one improves. i think we can safely say no divi this year
6.5 % to 10% Dividend return if payout of 2p or 3p , cement been a good investment in the past
Indeed. "The aim is to pay a dividend of 2-3p in November".
Quite a cut from the previous 5p though.
Pondering whether this is another welcome opportunity to increase my position....
In their last RNS they never indicated that a dividend will not be paid
They indicated that a divi of between 2-3P will be paid in November
So I have no idea where you get this information that the company is thinking of cutting the Divi all together this year
The company still makes a lot of money and they are cash positive, so I very much doubt they would want to shoot themselves in the foot as by all account and according to professional analysts this company is massively undervalued
And the true value is somewhere north of 70p
Latest release indicates Steppe Cement have to postpone dividends and will make a decision later this year as to whether they can afford a 2-3 pence dividend. At best then they have slashed the dividend and this comes alongside a rather tepid set of results IMO. The primary reason people hold Steppe is for the generous dividend payments it was known for which are now reduced or removed entirely. No reason to hold when this continues to lose market share against a backdrop of high inflation and possible recession.
Looks like the market has responded favourably to todays news should be better returns in 2024 after monies spent this year to make the kilns more economical and effecient. thats how i read it.
That has to be a guess by the website as we haven't had an RNS re: dividend for this year yet... should get an update v soon.
Hi Westy. According to Dividendmax website:
Declaration Date = 6 Jul
Ex-Div Date = 13 Jul
Pay Date = 28 Jul
In 2022 declaration for Divi was June 13th and AGM July 14th anybody know about this year?