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Started: Philbo68, 7 Jun 2024 21:28
Last post: StanAccy, 19 Jun 2024 20:07
RNS released
I had mine from AJBell, but for some reason they reversed it today!
Nothing on iweb thus far.
Just received mine via HSBC Invest Direct.
Started: dab808, 21 May 2024 15:05
Last post: Notsofastyou, 7 Jun 2024 13:23
Nothing yet for me either but I’m with Freetrade. Brilliant value for trading but tend to take their time with dividends god knows how they will handle a “special distribution”
Not had my distribution in either HL or Iweb. Iweb say they have not received the money. No answer from HL.
Received into my account this afternoon.
Looks like everyone else also thinks its ex div today too - maybe it is - Usually ex div is working day before the record date though which is today.
That’s what I thought too but it isn’t the ex div day is always before the record date so it’s actually today. If you buy today you won’t get it for those shares.
Last post: Notsofastyou, 24 May 2024 13:00
19.16 sell and a 19.70 buy
It’s a bit odd today. Says there is still a huge spread but if you look at the trades listed here there is a very narrow spread. 19.16 sell to19.50 buy or something thereabouts. Very strange.
It’s just because there is no volume. No point buying or selling this until the volume increases. We are kind of stuck until this payment happens (if it happens)
The spread they have on this is just ridiculous.
Started: dab808, 26 Apr 2024 08:40
Last post: dab808, 21 May 2024 09:37
Interesting my buy has not appeared.
50000 shares purchased to kick off the day...
I'm with you notsofastyou. If you're the CEO and you want to purchase more shares through your 'family' do you want to do that when the price is high or low? Let the price fall as far as if can go, buy lots of shares and then let rip. All these delays to get the money out of the company are doing only one thing and that's driving down the price. The CEO however knows when it is going to pay and therefore has an advantage. It stinks but he's not getting my shares on the cheap. I might buy some more tomorrow at the right price. GLA
"The Capital Repayment is expected to be completed later in Q2 2024, with further announcements, including the Record Date, to be made in due course by the Company."
Once again we are close to the end of the time that we were told a payment was going to be made by and we havent even had a date this payment is going to be made. Same as last year with teh divi that never happened. This is very dodgy I dont know how they are getting away with this.
i'm starting to strongly suspect that this is intentional - they are trying to **** retail investors off so that the large sahreholders can mop up cheap shares. how long they can get away with it seems to be infinite becuase there seems to be very littel regulation on this in our stockmarket.
Started: cyrzak, 15 May 2024 13:52
Last post: cyrzak, 15 May 2024 13:52
When I bought these shares, I was aware of the risk associated with the wide spread, but it never occurred to me that the only way to sell would be to accept a pending buy offer. Currently, I have placed a sell order at 19 p, but it is not visible at all. This significantly hinders trading and increases potential losses, also significantly reducing liquidity.
I'd agree that under 20p was not expected but the trading update was hardly inspiring. Good news some cash is coming our way and let's hope this is followed by the market picking up combined with the summer price/demand rise they are expecting. I take some comfort that insiders continue to up their stake, its just a lost opportunity cost having my cash tied up as we bottom, rather than making major gains, which is happening elsewhere.
The family of the Company's Chief Executive Officer, Javier del Ser Pérez, has purchased 75,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), at a price of 17.96 pence per share, via Portola Group Limited.
Accordingly, the family of Javier del Ser Pérez is now interested in 19,078,115 Ordinary Shares, representing approximately 8.71% of the Company's existing issued share capital.
I got this wrong, I never expected the market cap to fall to this level especially as it’s still a sound business in a relatively stable country
Started: Freedom4Uall, 5 Apr 2024 18:09
Last post: Latius75, 6 Apr 2024 02:27
Freedom4Uall i recon is lawyers jargon to soap eyes of taxmans but im not a specialist of cos :)
Will add some more on a dip. When inflation will go down thisone will rocket to 40ties. Probably this year.
On the surface the payment RNS doesn't appear negative, it appears they found a way around the dividend payment issues, but i lack understanding of the specific payment method, can anyone explain in basic what is a capital repayment by way of capital reduction, what are the pros and cons of it? i understand dividend and share buy back but have not seen this before.
Last post: StanAccy, 5 Apr 2024 17:20
RNS Announcement on Capital Repayment dates
On or around Thursday, 23 May 2024
Started: equityfile, 1 Mar 2024 11:07
Last post: MrMagorium, 5 Apr 2024 14:32
Bought a few on the Dip... have had my eyes on it for a while...
..........."Dividends are tax-efficient means to draw a salary. Given the size of the shareholding from the board, I would not discount the fact that they missed the deadline for special dividends.
In my books it merits a bit of patience up to July."..........
Why all this faff re taxation of dividends? In many jurisdictions, payouts from capital reductions are treated like dividends.
Why would a company even care about the potential tax status of its shareholders?
Is all this trustworthy?
Agreed. Not the greatest of RNSs but seems a huge over-reaction to me.
WTF?
Started: Notsofastyou, 19 Feb 2024 15:28
Last post: Pubsshut, 19 Feb 2024 17:05
That was my thinking, divi related. We'll see soon!
A while ago the company announced that they are subject to country laws planning to pay between 2.5-3P in dividends
So based on that we had a 11% rise back then so it could be that a RNS is about to be issued confirming the payment of this divi more near the top end
I hope so as a lot of folks bought this share cause of generous divi at much higher price that the current SP
Price is finally moving today anyone know what’s going on? Does someone know something we don’t yet know?
Another board purchase?
Snap election next week (7th Feb), no changes expected.
Reported today Kazak economy best growth in 2023 compared to past 10 years
Further internal investment also announced
https://astanatimes.com/2024/01/kazakhstan-to-launch-180-manufacturing-industry-projects-worth-3-3-billion-in-2024/
Started: itsalottery, 12 Jan 2024 11:43
Last post: Bugerov, 12 Jan 2024 16:36
The cement market reduced by 0.1m tonnes, market share reduced from 14.5 to 14.2%. Whilst accepting increases are preferable these reductions are not disastrous. It may be a tough year or two due to inflation, average prices etc but I remain optimistic longer term.
Looks to me to many competitors/competition chasing to few orders keeping prices low so as to maintain market share.which in the short term suggests not a lot of profit to be add. reading between the lines thats how it looks to me.
Last post: damofarl, 12 Jan 2024 12:00
An unexciting update today; volumes and prices slightly down, which does suggest there is no growth and/or oversupply in the local market currently.
That said, no surprises either and I pencil in about £13.5m in profit for the year. If we disregard plant, the £16m of inventory provides quite a back stop against current mkt cap. 2022 was quite a heavy expenditure year so lower 2023 expense may feed through to a little more profit. There is no doubt that a decent dividend will be forthcoming once the taxation/inter company structure is resolved.
Yes, one for the patient, but don't see either fireworks or anything to be concerned about here.
Started: Freedom4Uall, 28 Dec 2023 18:23
Last post: CaneToad, 2 Jan 2024 11:05
I've been a holder of this several times over the years. The big risk that I currently see is it being taken private, with a low-ball offer from the big shareholders. It would make perfect sense... For this reason and with no current dividend and without further clarification of the situation, the risk (for me) is too great to open another position.
I don't see this issue as one that endangers the intrinsic business proposition.
Yes, I'll wait.
In the meantime, it could be a welcome opportunity to increase or take up positions at favourable valuations. One seldom has that opportunity when everything is smooth sailing.
The decision is up to the investor.
If the business is broken, then selling is rational.
I see this as a temporary adjustment. Thus I hold and consider topping-up opportunities.
Time will tell.
Funds to pay dividends, 15% of current sp set aside, difficulties distributing due to recent tax changes but i have no doubt a solution will be found. I think it is fair to assume a 30- 35p share price shortly, being before H2 24, but could be much sooner.
Started: Notsofastyou, 21 Nov 2023 16:23
Last post: LunaNera, 28 Dec 2023 02:37
Dividends are tax-efficient means to draw a salary. Given the size of the shareholding from the board, I would not discount the fact that they missed the deadline for special dividends.
In my books it merits a bit of patience up to July.
Toped up gently at this price. Hopefully if divi will come throught price will rise up more than divi 2-3p so can sell half of it.
The structure of the major shareholdings means a buyout here is just a pipe dream.
Today's RNS is merely a replay of the interim dividend delay, due to tax considerations. As then, now they are working out the most tax efficient way to pay. Note the RNS reaffirms that the dividend was out by. As with the interim, we just have to wait. Patiently. But it will come.
Still think a buyout is on the cards here. Just got that feeling.
Well at least we know a dividend coming , same as last year. Thought the tax on dividend only was effected by intrim payments.
Started: dab808, 1 Dec 2023 16:50
Last post: dab808, 1 Dec 2023 16:50
A big move up this week. Bid was at 22p on Monday, and the bid was available at 24p in the last hour of trading on Friday with no takers. That's a nice move in the week.
Started: Notsofastyou, 24 Nov 2023 13:08
Last post: edgood, 28 Nov 2023 13:34
It seems that lots of very small sales are happening. I'm holding tight to my shares.
Not a lot of volume but there is around £20k being sold quite regularly - someone is offloading
Started: thriller40, 20 Nov 2023 18:00
Last post: thriller40, 20 Nov 2023 18:00
I just decided to sell them. I dident have a big holding in this stock.
Started: itsalottery, 20 Nov 2023 16:18
Last post: itsalottery, 20 Nov 2023 16:18
I posted a message a few months ago calling it a dog, it only just about broke even wages going up fuel costs going up and selling cement cheaper a ton for less this year than last year the maths dont add up for it to make a profit.
Started: thriller40, 17 Nov 2023 13:35
Last post: DPWGonzo, 20 Nov 2023 13:20
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.
Started: thriller40, 7 Nov 2023 12:55
Last post: thriller40, 17 Nov 2023 08:56
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.
Started: itsalottery, 11 Oct 2023 12:44
Last post: damofarl, 11 Oct 2023 18:02
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.
Started: CityWatcher, 9 Oct 2023 07:06
Last post: CityWatcher, 9 Oct 2023 07:06
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.
Started: damofarl, 5 Oct 2023 18:31
Last post: damofarl, 5 Oct 2023 18:40
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.
Started: itsalottery, 19 Sep 2023 10:04
Last post: Rocka999, 5 Oct 2023 12:41
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