Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I didn’t receive any, anyone got their Divi today? Thanks
Nice Divi arrived this morning. ??
Yield at current offer price is a (relatively safe) 11.11%.
If July dividend is 6p as some have speculated, that rises to over 13%.
Thanks for the info Bill
@Bowlers12: The Kaz government called on Putin for help to subdue political unrest only last January. Kaz is part of the Russian equivalent of NATO, so not as independent as all that. Within hours, Russian forces were all over Almaty and over 100 troublemakers were shot. Kazakhstan has been lucky to avoid sanctions.
The share has traded between 25 and 50p for most of its listed life. Obviously, its better to buy it during its dips and sell it without bothering too much about the irregular divvy. I would describe it as the perfect speculative penny stock. Don't get me wrong. I'm a big fan, though not holding just now. It's almost certain that I'll buy it again, but here is no such thing as a "keep forever" share. It goes without saying that I expect the SP to fall a bit more.
I do not mind the price decrease as the dividend's are auto re-invested in STCM, so going to receive around £750 in dividend's which means expecting around £1000 in July 2023 announcement.
Is there a risk well its very low considering Russia problems in Ukraine losses.
In five years the return will be greater then investment , for a company that's nearly 90 years old.
All these silly fools selling for no reason Putin will not invade Kasistan
billbursio; that's such a lot of codswallop it's not worth dissecting. And people invest/trade on the basis of such 'info'? Bonkers.
STCM has been high on Stocko's ranks, particularly since the recent momentum surge. It didn't look so good back in March, when the tenge collapsed. However, this was a big opportunity for those in a position to top up (or enter). It's all come good now, but the political cloud still hangs over this former soviet republic. It makes Steppe look a bit like Ferroxpo, or Enwell. It seems unlikely that the company can grow, having flatlined since 2007, which no doubt explains the generous, though sporadic dividend. Given that a slight decline in future earnings is forecast and dividends are not well covered, it seems unlikely that the share can hold it's current, probably fair, price. I'm sure everything will be fine, unless Mr Putin and his siloviki mates don't invade Kazakhstan ;-)
Well trading hitting a high , those that have made a profit selling and buyers wanting a cheap stock and dividend
One of the top Stockopedia stocks by rating:
Quality 99
Value 76
Momentum 96
StockRank™ 99
Market cap of £105 million still looks on the low side.
It’s difficult to compare Steppe to other Kazak producers as there is little financial info from rivals freely available.
However when you look at the pure metrics of Steppe it is considerably health, plus a high yield, strong profits, solid forecast, demand consistent and Kazak currency holding up fine.
Insert your shares owned and calculate payment. https://www.dividendmax.com/united-kingdom/london-stock-exchange/construction-and-materials/steppe-cement/dividends
Even better for those buying in the low 30s but still decent value
Yep....
You all asleep on here?
if you go by the RNS then Yes ; still share is starting to catch attention slowly.
At some point this month we shall get an update on the over due dividends
No Brainer , everyone now looking at dividend's and company's with limit debt.
Good bit of momentum building.
Gla
C
Investors close to the company are buying ,see todays RNS’s
what are the implications of creating a B share and then cancelling them
Market Update for the Third Quarter ended 30 September 2022
Third quarter 2022 revenue of KZT 13,071 million was 9% higher than revenue of KZT 12,045 million
achieved in the corresponding quarter in 2021. For the 9 months ended 30 September 2022, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 32,651 million compared with KZT 28,812
million in the corresponding 9-month period in 2022, representing a 13% increase.
A sales volume of 546,357 tonnes was achieved during the third quarter, a 2% increase from the third
quarter of 2021. For the first 9 months of 2022, the sales volume decreased by 1% to 1,362,407 tonnes
from 1,375,464 tonnes in the corresponding 9-month period in 2021.
The average price (ex-VAT) for delivered cement was KZT 23,965 per tonne in the first 9 months
compared with KZT 20,947 per tonne last year. For the first 9 months of 2022, the ex-factory price
stood at KZT21,023 per tonne, an increase of 17% over KZT17,930 in 2021.
A moderate share buy back at this stage would do no harm
There is enough float to take up 5%