Steppe Cement Share News (STCM)

Steppe Cement Subsidiary Completes Commission Of Dry Production Line

LONDON (Alliance News) - Steppe Cement Ltd said Tuesday that its wholly-owned subsidiary, Karcement JSC, has completed the commissioning of a new dry production line, Line 5. Line 5 is expected to increase Steppe's annual cement production capacity by an additional 1.2 million tonnes. Read more

Steppe Cement Say Revenue Up 8.7% As Kazakhstan Market Grows

LONDON (Alliance News) - Kazakhstan-focused Steppe Cement Ltd Wednesday said revenue for the year ended December 31, 2013 was 8.7% higher than the previous year, as the cement market in the central Asian country increased by an estimated 13% to 8.1 million tonnes during 2013. The cement pro

Monday broker round-up UPDATE

Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce

Steppe Cement Says Q3 Revenue Broadly Flat; Market Share Falls

Monday broker round-up

AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy

Steppe Cement Buoyed By Strong Prices, But Market Share Declines

RPT-Fitch affirms Central Asia Cement at 'BB-(kaz)'; withdraws ratings

Sept 11 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Joint-Stock Company Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' with Positive Outlook and senior unsecured bond rating at 'B(kaz)'. Fitch has simaltaneously wit

Wednesday broker round-up UPDATE

Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup

Steppe Cement CEO builds on his stake

Javier Del Ser, the Chief Executive Officer (CEO) of AIM-listed construction materials producer Steppe Cement, topped up his stake in the firm on Tuesday with the purchase of 650,000 ordinary shares at a price of 25p per share. Following the £162,500 transaction, Del Ser holds 12,867,660 ordinary s

Steppe Cement reports increase in sales

Steppe Cement increased its sales of cement by two per cent in the first half of 2012, having sold 615,838 tonnes of cement for 7,728m Tenge, compared with 601,099 tonnes of cement for 6,286m Tenge in the same period the previous year. The average price for the current period for delivered cement

Cement producer a Steppe ahead of the competition

The population of Astana, Kazakhstan's capital city, has more than doubled in the last 10 years. Not only have new homes been required for its new citizens, but a host of weird and wonderful government buildings have cropped up and are still appearing, symbols of commodity-rich Kazakhstan's new wea

City building projects boost Steppe Cement

Kazakh cement maker Steppe Cement narrowed losses in the half year to 30 June as it benefited from the central Asian country's government continuing to support big building projects in main cities. Steppe sold 601,099 tonnes of cement during the period, against 523,156 during the same period the pr

Small caps round-up: Air Partner, Gemfields, Regenersis...

Aviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expectations, partly attributable to the strong performance in its commercial jet broking division. While the group says it is well positioned to increase p

Sportingbet bosses slash stakes

Directors at the online betting group Sportingbet have been selling shares in the company for 'personal financial planning' reasons. The company's chief executive, Andrew McIver pocketed more than £1m after selling 1.4m shares at 73.75p a go. That leaves him with about 2.8m shares, or about 0.6% of

Steppe Cement gains market share

Kazakhstan-based cement manufacturer Steppe Cement says its third quarter revenues were 31% ahead of the same time last year. AIM-quoted Steppe's third quarter revenues were KZT4.05bn, while nine months revenues are KZT8.74bn - up 26% on the same period last year. Sales volumes rose even faster