Elliot Wave Analysis of Steppe Cement (STCM)
Updated
We've seen a 1,2,3,4,5 step advance (Wave I) and then an a,b,c counter trend decline (Wave II).
Wave III now looks to be underway and has a target of circa 100p, based on EW theory and the metrics of Waves I & II thus far
Wave III now looks to be underway and has a target of circa 100p, based on EW theory and the metrics of Waves I & II thus far
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Now up 20% since I posted this analysis &, imo, still plenty more to come.Today a 5p dividend confirmed for investors as follows:
Dividend amount 5 pence per Ordinary Share
Ex-Dividend Date 17 November 2022
Record Date 18 November 2022
Payment Date 2 December 2022
At this evenings Offer price close of 46p, that is a 10.869% Yield
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Closed the year at 46p Bid so, the 10.869% Divi highlighted on Nov 10 in last post has now been received by shareholders and the share price has completely recovered the Ex-Divi drop and moved through the Buying price spread so, in effect, the 10%+ Yield is 'for free'Disclaimer
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