Steppe Cement Share Price (STCM)

It’s been an unbelievably frustrating hold not helped by a management than are either incompetent or are to busy pandering to the largest shareholder. The 1.5p payout is unbelievable mean when they are suppose to of sidelined a much larger amount to be payed out to shareholders. You’d of thought being listed on the London exchange they would have more accountability to shareholders but obviously not.

Yes it sure would. I have been uncharacteristically patient with this share but it’s not endless and is beginning to run out. I’m 26% down on this one.

So today is the meeting to structure the 1.5p pay out. So we should get some news flow that it is done and hopefully payment dates. It's a 7.5% return based on the current price and I'd imagine that Javier del Ser Pérez and family will plough that straight back in. Hopefully the cement business is picking up as planned. It would be nice to get a rise on this share from the lows.

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