Steppe Cement struggles with exchange rate in first half
13th Sep 2016 10:45
(ShareCast News) - Steppe Cement posted its interim results for the six months to 30 June on Tuesday, with a consolidated loss after tax of $1.5m. The AIM-traded firm sold 761,771 tonnes of cement during the period, up 6% on the same time last year. Consolidated turnover dropped 1% in Kazakh tenge,
Read moreSteppe Cement struggles with muted Kazakh cement market
14th Apr 2016 13:57
(ShareCast News) - Steppe Cement struggled with a depressed Kazakh cement market in the first quarter of 2016, with both sales volumes and income down. The AIM-traded company sold 190,935 tonnes of cement for KZT 2.004m, compared to 192,884 tonnes for KZT 2.277m in the first quarter of 2015, represe
Read moreSteppe Cement's interim loss narrows but revenue plunges on strong dollar
11th Sep 2015 09:31
(ShareCast News) - Construction materials producer Steppe Cement posted a narrower pre-tax loss in the first half of the year, although revenue fell sharply because of strong currency headwinds. In the six months to 30 June, the Kazakhstan-focused group posted a $2.3m pre-tax loss compared to a $6.4
Read moreSteppe Cement names new non-exec chairman
3rd Aug 2015 11:25
(ShareCast News) - Paul Rodzianko has been appointed as independent non-executive chairman of Steppe Cement, the construction materials producer said on Monday. Rodzianko, who is currently an independent non-executive director of the company and the chairman of the audit committee, will step into hi
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreMonday broker round-up UPDATE
4th Nov 2013 08:07
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
Read moreMonday broker round-up
16th Sep 2013 12:13
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
Read moreWednesday broker round-up UPDATE
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
Read moreSteppe Cement CEO builds on his stake
16th Oct 2012 17:05
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
Read moreSteppe Cement reports increase in sales
13th Jul 2012 10:22
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
Read moreCement producer a Steppe ahead of the competition
2nd Sep 2011 12:06
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
Read moreCity building projects boost Steppe Cement
2nd Sep 2011 07:24
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
Read moreSmall caps round-up: Air Partner, Gemfields, Regenersis...
31st Jan 2011 11:24
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
Read moreSportingbet bosses slash stakes
11th Oct 2010 17:43
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
Read moreSteppe Cement gains market share
6th Oct 2010 14:25
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
Read more