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Pin to quick picksSteppe Cement Share News (STCM)

Share Price Information for Steppe Cement (STCM)

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Share Price: 17.50
Bid: 16.00
Ask: 19.00
Change: 0.00 (0.00%)
Spread: 3.00 (18.75%)
Open: 0.00
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Low: 0.00
Prev. Close: 17.50
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Wednesday broker round-up UPDATE

Wed, 24th Apr 2013 08:25

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 raises target price from 1070p to 1120p and stays with its buy recommendation.Associated British Foods: Deutsche Bank revises target price from 1500p to 1750p staying with its hold recommendation. Societe Generale downgrades from hold to sell with a target price of 1900p. Canaccord Genuity increases target price from 1450p to 1630p, but still recommends selling.AVEVA Group: Sanlam Securities raises target price from 1980p to 2200p and keeps a hold recommendation.Bodycote: Investec lowers target price from 635p to 600p keeping its buy recommendation.British Sky Broadcasting: Investec downgrades from buy to hold with a target price of 870p.Brown (N) Group: Panmure Gordon ups revises target price from 400p to 460p maintaining a hold recommendation.Capital & Counties Properties: Morgan Stanley increases target price from 290p to 340p and retains an overweight rating.Carpetright: Deutsche Bank moves target price from 465p to 510p, while leaving its sell recommendation unaltered.Computacenter: Investec reduces target price from 565p to 480p, while its buy recommendation remains unchanged. Credit Suisse cuts target price from 580p to 517p reiterating an outperform rating.DS Smith: Investec moves target price from 300p to 310p retaining a buy recommendation.Eurasian Natural Resources: JP Morgan shifts target price from 295p to 300p and reiterates a neutral rating.Evraz: Morgan Stanley reduces target price from 355p to 185p and downgrades to equal-weight.Experian: Cantor Fitzgerald ups target price from 1100p to 1250p reiterating an add rating.Fenner: Investec cuts target price from 455p to 380p, while upgrading from hold to buy. Canaccord Genuity lowers target price from 471p to 462p and retains a buy recommendation.First Group: HSBC Holdings shifts target price from 180p to 185p retaining an underweight rating.Glencore: Jefferies cuts target price from 450p to 400p and reiterates its buy recommendation.Highland Gold Mining: Westhouse Securities lowers target price from 160p to 135p, but keeps its buy recommendation. Fox Davies cuts target price from 173p to 157p maintaining a buy rating.International Consolidated Airlines Group: Liberum Capital upgrades to hold. Credit Suisse raises target price from 295p to 328p keeping an outperform rating.Ladbrokers: Citigroup reduces target price from 240p to 190p, while its neutral rating remains unchanged. JP Morgan cuts target price from 240p to 195p retaining a neutral rating.Man Group: Credit Suisse ups target price from 104p to 115p and stays with its neutral rating.Moneysupermarket.com: Jefferies raises target price from 150p to 248p upgrading to buy.Ophir Energy: Canaccord Genuity reduces target price from 525p to 425p and downgrades from buy to hold.Petroceltic International: Liberum Capital shifts target price from 11p to 11.40p keeping a buy recommendation.Petropavlovsk: Westhouse Securities cuts target price from 365p to 250p and maintains a buy recommendation. Canaccord Genuity reduces target price from 600p to 510p leaving its buy recommendation unchanged.Polyus Gold International: JP Morgan lowers target price from 270p to 250p and reiterates an overweight rating.Reckitt Benckiser: HSBC Holdings raises target price from 4700p to 4900p, while leaving its neutral rating unchanged. HB Markets upgrades to hold.Redrow: Panmure Gordon shifts target price from 175p to 180p and keeps a hold recommendation.Spectris: Jefferies reduces target price from 2675p to 2265p keeping a buy recommendation.Spirent Communications: Morgan Stanley moves target price from 155p to 120, while its equal-weight rating remains unchanged.Steppe Cement: Westhouse Securities shifts target price from 40p to 42p and leaves its buy recommendation unaltered.Thorntons: Panmure Gordon raises target price from 50p to 100p staying with its buy recommendation. Investec ups target price from 80p to 100p and leaves its buy recommendation unaltered.UBM: Investec places its target price (prev.: 745p) under review and reiterates a hold recommendation.Vedanta Resources: Societe Generale ups target prie from 949p to 967p, but still recommends selling.
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5 Apr 2024 11:37

Steppe Cement reports lower production, revenue in first quarter

(Sharecast News) - Steppe Cement said in an update on Friday that in the first quarter of 2024, it sold 175,383 tonnes of cement, generating KZT 3.78bn (£6.69m) in revenue.

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5 Apr 2024 10:18

Steppe Cement shares down after disappointing first quarter sales

(Alliance News) - Steppe Cement Ltd shares sank on Friday, as the company reported a downturn in its Kazakhstani operations and announced a shareholder return program.

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5 Apr 2024 09:35

AIM WINNERS & LOSERS: Gelion charges higher; Steppe Cement slumps

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12 Jan 2024 10:40

IN BRIEF: Steppe Cement annual revenue falls on lower sales and prices

Steppe Cement Ltd - Malaysia-based Kazakhstan-focused cement producer - Says revenue in 2023 was KZT37.29 billion, around USD82 million, down 7.2% from KZT40.20 billion the year before. This was due to lower sales volumes, which fell year-on-year to around 1.6 million tonnes in 2023. Average price for delivered cement was KZT22,927 per tonne, down 4.3% from KZT23,963 per tonne achieved in 2022. Adds 2023 cement market consumption in Kazakhstan was 11.5 million tonnes compared to 11.6 million the year prior, with Steppe's local market share being 14.2% compared to 14.5% year-on-year.

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12 Jan 2024 10:36

Steppe Cement revenues fall as volumes and prices decline

(Sharecast News) - AIM-traded Kazakh cement producer said it expects to report lower revenues for 2023 as average prices and volumes both declined year-on-year, while inflation is continuing to hold back bottom-line progress.

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13 Dec 2023 21:56

IN BRIEF: Steppe Cement to review ways to return funds to shareholders

Steppe Cement Ltd - Malaysia-based Kazakhstan-focused cement producer - Says new tax legislation in Malaysia, the Netherlands and Kazakhstan means its corporate structure is inefficient for making shareholder returns. Says it is therefore reviewing other ways to distribute value to shareholders. Notes that it said it would pay a dividend between 2 pence and 3p in July last year.

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11 Oct 2023 11:56

Steppe Cement eyes weaker profit due to lower prices in 2023

(Alliance News) - Steppe Cement Ltd on Wednesday said it expects earnings in 2023 to be lower than in 2022 due to a lower pricing environment and the impact of inflation on energy and other input costs.

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12 Jul 2023 09:11

Steppe Cement sells less cement at lower price in first-half

(Alliance News) - Steppe Cement Ltd on Wednesday said it sold less cement at a lower average price in the first half of 2023.

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9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

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13 Apr 2023 12:44

IN BRIEF: Steppe Cement shares plunge as first quarter sales drop

Steppe Cement Ltd - Karaganda, Kazakhstan-based cement manufacturer - Sells 214,832 tonnes of cement for KZT4.94 billion, around GBP8.7 million, in the first quarter of 2023. In the same quarter of 2022, the company sold 281,968 tonnes of cement for KZT6.30 billion. This represents a 24% decline year-on-year in cement tonnes sold and a 21% year-on-year decline in the price of cement sold. Adds that its market share reduced to 13% in the quarter from 14% in the same quarter the year prior. Explains the fall in shipment came against a backdrop of increased interest rates and logistical issues arising from an overloading of the rail network. Currently estimates that Kazakhstan's cement market demand will reduce to between 10 million tonnes per year to 10.5 million tonnes per year, but adds there is a "high degree of uncertainty" regarding this due to the geopolitical situation.

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