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. Read More
(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. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Steppe Cement Ltd on Wednesday said it sold less cement at a lower average price in the first half of 2023. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
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. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Steppe Cement Ltd on Wednesday said it recorded revenue growth in 2022, citing positive market conditions as it focused on the Kazakh domestic market. Read More
Steppe Cement Ltd - Kazakhstan-focused construction materials - The family of Chief Executive Officer Javier del Ser Perez buys 300,000 shares at 31.7 pence, worth GBP95,100. Steppe doesn't say when the purchase took place. The family now holds 18.5 million shares, an 8.5% stake. Meanwhile, the family of David Crichton-Watt, a substantial shareholder, buys 2.8 million shares at prices from 31.00p to 31.75p, worth around GBP900,000, between September 19 and October 11, raising its stake to 17.0% from 15.7%. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More