Member Info for dab808

Stock STEPPE CEMENT ORD NPV

Event Type Cash Distribution

Description Cash Distribution

Record date: 28th May 2024

Terms: Approximately GBP0.015 in cash for each share held

Pay date: Expected 6th June 2024

Steppe Cement Ltd has announced a capital repayment, whereby Holders will be issued with approximately GBP0.015 in cash for each existing share held. The record date is the 28th of May 2024

The payment will be issued to entitled shareholders upon receipt from the company.

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

Good write up Hedgehog. We've not been wrong to date and I totally agree that the next 18 months will be a multi-bagging opportunity. Unfortunately we've had such a small cap that we've been considered niche, to mulibag to the higher end valuation, we needer some momentum in the underlying numbers and the shareprice. We're on the cusp, we need hard numbers to push higher, but it will come. I have every confidence we can tell our story to new investors and the numbers will do the talking. Good luck.

Proactive coverage:

https://youtu.be/izjfN4FX8TA?feature=shared

Released this morning , then followed by a purchase shortly afterwards (coincidence?).

Story telling on the strategy delivery, embedding profits and rosy outlook is now critical to lifting us higher. Let's hope some wider coverage can flow in the coming months.

Also the lack of selling into the new high is quite telling, good for FFT to book some profit but so much more value to come through we hope. GLA

"Looking further ahead, we expect the combination of economic recovery, continued new product and vertical market expansion as well as productivity gains from technology cloud transition to elevate our financial performance. We anticipate strong organic revenue growth, good margin accretion and reduced levels of capital expenditure."

It's the most frustrating thing fft100. Other than pitching up at Proactive and a few other investors briefing session we are not great at self promotion. Who's out there today promoting our story to investors? This is not the results but today's announcement firmly underlines we've emerged like a phoenix and are ready to soar to new heights. I get that Marie-Claire has been burned by the past but a US business attitude would have us at 200p a share today! Marie-Claire said her plan is to be more forwards looking but wouldn't give me a timescale in January. I will press her harder when we next catch up. Have faith. The numbers are now starting to do the talking.

Early thoughts on today's trading update.

Revenue >£22m. This is an important statement.

Revenue for 2H 2023 was £9.7m. So 2H 24 at £11.6m is 20% higher. The issue with a 2H comparison is that we cannot see when in Q3 UKG stopped so this is more impressive than it appears. 1H 24 revenues stood at £10.4m, so 2H 24 revenues are up 12%. It appears we have steady growth embedding at around 5% a quarter. If we continue on this basis revenues for FY 25 will likely be in the region of £26.8m. The £22m is a minimum of, so we have to wait for the results to see how much higher this projection will go.

Subscriptions to £2.9m (28% growth). This is a fantastic result. We need more information on the length of these subscriptions and forward projections but this is now 15% of revenues and growing.

Financial position. Cash at £1.1m is up £1m in the 2H. Debt down by £1m. This is a £2m swing. Suggesting the balance sheet will be improving significantly each period.

Profit - So no doubt there will be a significant profit. Inventory levels dropping have added to the cash flow but should also add to the profit as less new inventories have been purchased. Last year there were references to under deployed resources, I don't see that as an issue at present, what is good about that is revenue growth using this capacity falling straight to the bottom line. I predict a profit in excess of £1.2m-£1.5m for the 2H. So £1.1m to £1.4m for the FY 24 (taking into account £0.1 loss in 1H 24. But FY 25 is looking like £3m+ and thus a PE of 3 on a business growing at 20%+ a year.

STRONG BUY

Except we've broken a pound!

Trading update due shortly (perhaps this week) and we've moved up nicely. Reported sells look like buys but certainly the trend is upward. My year end prediction of between 150p-200p moves closer although I'm hopefully at the prudent end. There is so much positivity. Great to see the releases you've been re-posting Hedgehog.

This is a £50m business, not a £9m one. 5X to go!

Spot on Skid.

I think bigger and uglier shareholders than us have not been happy and they've made it known.

If you value the 'CEO' for his vision and IP you have to surround them with the right people who can actually run the bits Basu is clearly no good at.

Next results are pivotal with no excuses, that's why I'm more confident. It also helps that the chairman and major holders have been increasing.

Disappointingly, I've only managed to pick up less than 100,000 shares today at under 6.5p. The price has moved quickly up from the 6.3p first buy this morning.

As a shareholder High-Roller you could write to the Chairman and ask him why you should have faith in the CEO and the c.£3m he has been paid for effectively diluting and devaluing the company over the last 10 years. I'd be very interested in his response but I'm sure he would be looking to the future rather than the past.

I first invested here at around 70p back in 2013. I have been here for over 10 years, I have traded in and out and I am probably down £20k. Personally I blame the investment bank that prepared the prospectus and the float price, I blame myself for believing the hype, I blame Basu for running with it all these years and not saying at the beginning it was going to be tough to deliver to expectations. So, I topped up base on Basu's rose tinted view of the world and have been stung for several rights issues on the back of 'ramping up production', 'needing scale to crack markets'.

However, I look at the products now, I look at the distribution now and I look at the improving revenues and finally some focus on cost management and I see an opportunity again.

The price has done what I, and probably most of us expected, and has fallen back from the 7.5-8p spike on the back of the recent RNS, so I am buying now, not because of the past but because of the future opportunity.

A little ramp from me, why not, I've not been wrong to date....

Just a week or two away from the FY trading update. I'm expecting very good things in this update on the 2H and I expect them to provide a confident looking outlook for FY25. I'd expect us to break 100p following the update, hit some resistance there (as some sell for a profit) but then move further upwards. An £8m business is about to declare significant profits for FY24 and a very confident outlook to FY25. A re-rate to a £20m valuation is on the cards. Last chance to buy at these levels...

Well the results are there. Quite a resilient performance in what has been a tricky 2023. If this is as bad as it gets then we should be on a for a nice rise this year as interests start easing and confidence builds.

I have to say it seems hard to make good profirs in this space. A little extra margin (for all players hold speedy as well) should be discussed at the board, too much downside risk in the revenues v costs operating at such tight margins to revenue.

We should finish in the green...

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.

Morning all,

Full year end is next week. It has been a long time coming!

Chatting with the CEO back in February she was optimistic of getting the end of year close statement out pretty quickly. Based on previous statements and the analysts report this can be expected to be really bullish. The weakness in sterling will also help our US income.

She expected FY publication of results would be September (when back from the summer break) rather than during. We chatted about the importance of showcasing our results in September given my view that they will look spectacular as the strategy will be fulling playing out (and with UKG dropping out of the numbers).

My view is the momentum YoY will be clear (2H 23 loss verses a 2H 24 £1m+ profit YoY). This should double the share price as forecasts looking forward to FY 25 will highlight a profit range of £2-£3m. On a market value of £8m!

We've had an interesting 30% rise in the last two weeks, on no news until todays release. I'm wondering if we're becoming a little leaky. That said, do I care, no. Not if the price is rising.

I am becoming more bullish here. Whilst none of the contracts announced in the last 12 months move the dial significantly, added up there is a significant boost to revenue. Re-reading the cavendish report (50p remember) I see no reason why we're not on track for this year. I move my own view from hold to buy and will start adding again once we drift down from this RNS. I own 0.1% here, and will move to 0.2 % pretty quickly.

With global equities at a high KMK should benefit from wider shareholders looking for opportunities (as should Newmark Security as previously tipped on this board at 50p - now 85p - I own 3.1% of that smaller business).

Good luck all.

Fundamentals remain strong. Well done all who held and purchased 6 months ago when for some reason (not based on fundamentals) we were at 129p. 50% gain since. Lovely. Plenty more in the tank to keep going rom here.

Run rate or £6bn of profit a year. For a business worth £31bn. Keep buying back those shares. If only I am left and it is still worth 50p a share, I'll be happy with those returns.

Re-reading the RNS trading update, we ought not to have fallen so low, but fortunately I topped up at 23.7p (okay so this was on the back of top ups at 26p, 29p, 35p).

Personally, I think we will see a continued rise into the June results back towards the 35p with positive market news flow, anticipated rate falls (not actual as I think we're now looking at August) and growing confidence. I agree MadMat, we will be paid our dividend from the trailed £20m in free cashflow.

Plenty of reasons to think we've bottomed out and we are on our way back up.