TradingView
mattjoss
Nov 1, 2022 9:13 PM

Elliot Wave Analysis of Steppe Cement (STCM) Long

STEPPE CEMENT ORD NPVLSE

Description

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

Trade active

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

Trade active

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'
Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
More