Ibstock Share Discussion Threads

[master rsi] 22/7/2016 11:03

On a very bad day for house builder after the negative PMI is holding pretty well after early rise

[nw99] 22/7/2016 08:09

Buying more here charts suggest lots of upside

[master rsi] 21/7/2016 23:36

Breaking out from the 4 weeks old high

Rise ----------------> retracement --------> and rise again with higher breakout
from 117p to 145p----> to 130p -----------> to 146.20p

[aishah] 21/7/2016 08:39

From the BREE statement today:

"Whatever the prognosis for the UK economy, we remain confident that we can continue to generate value for our shareholders,"

"We have some major contracts which will help to underpin our performance during a period of uncertainty, along with a strong balance sheet and a record of strong cash generation in challenging markets," it added, reporting results for the six months to end June.

[master rsi] 21/7/2016 00:18

Bought some late on the day ahead of Interim results due 5th August, 3 weeks away, it seems some are already buying ahead of them by the way is moving up.

On expectations of EPS of 19p for this year, they are on a low PE of 7.5

[smokybenchod] 20/7/2016 20:51

The main reason I bought, aside from the reason it looks cheap and US revenue as you mentioned, is the fact that the new plant they are building is aimed at targeting imports as the UK currently imports 300-350 million bricks a year. If this seemed like a good idea at the time, surely it must be even better now as weak pound will make imports looks less attractive. No one seems to have mentioned this fact. OK there is short term demand uncertainty due to Brexit but I'm long here, and there is a housing supply shortage in the UK. DYOR.

[aishah] 20/7/2016 12:12

I have added here. On balance these are worth holding with stimulus likely next month on rates and more QE. Almost a fifth of sales are US based; so weak pound also helps. Very low p/e and a 3%+ yield. dyor

Deutsche has a BUY rating and 226p target
J P Morgan are OVERWEIGHT and 240p target.

[smokybenchod] 19/7/2016 22:43

If you read the statement (and ignore the misleading headlines)it says 'Both of these brick plants were mothballed between 2010 and 2014 and the Company has demonstrated its capability to successfully bring production back online in a short period of time'. Ok Brexit may have encouraged them to keep them offline but the mothballing itself wasn't actually a result of Brexit. Small but important difference.

[aishah] 19/7/2016 08:58

Popped up on my watchlsit post Brexit rout. However Forterra has mothballed two plants recently and if the housing market has a harder landing then this will suffer too. Otherwise looks cheap on fundamentals. dyor

[nw99] 19/7/2016 08:19

Looks over sold

[smokybenchod] 14/7/2016 15:29

Not a good day today, hope for better tomorrow!

[mortimer7] 08/7/2016 15:31

builders up today as brokers start to indicate sell off overdone, so knock on benefit for suppliers/builders merchants such as IBST behind todays rise.
Just another 80p or so to go please!

[smokybenchod] 08/7/2016 14:49

Not sure why you sold out at 1.15... Sell high buy low!

[barbar7619] 06/7/2016 08:28

My sell went as a buy!! TimeTo get out!!!

[rolo7] 08/3/2016 14:17

just sold half see what results bring first, dividend?

[melf] 28/1/2016 09:08

Does anyone know anything about the pension deficit situation here? I looked at the last set of accounts before the IPO and the deficit looked on the large side.

[rolo7] 20/1/2016 11:52

looks like you were right about 200p

[flyposter] 18/1/2016 23:35

@shammytime: pretty much what I was thinking too, it's been good to me... I shorted a couple of times and bought back, but I am going to leave it be for a while...

[shammytime] 18/1/2016 16:19

I sold this morning due to the weak action. Great opportunity but I think it will drift down to 200p before any proper upturn

[flyposter] 18/1/2016 15:32

@rolo7

the MOD have a heck of a lot of unused land, I went back to my hometown of Colchester last year for the first time in years, what used to be the largest garrison town in the UK, has been massively reduced in size. We saw loads of unused MOD land.

It is surprising to me that the house building companies sp's are down, particularly as a few of them brought out good results. MCS are doing well though...(wish I had got some of that action), I expect Countryside to do the same.

Long term... IBST will do well, I sold here to free up some cash for upcoming IPO's.

IMO DYOR

[flyposter] 18/1/2016 10:58

Needed to be a stronger TS, given the double top. I sold at the bell, considering buying back in if the market settles, but happy with my sale, I bought in at around 190.

Eyeing up Countryside when they IPO.

[rolo7] 18/1/2016 10:56

rumours that MOD are selling land/site so house building can take place.

[shammytime] 15/1/2016 11:50

250p Monday for sure

[dan_trader2] 14/1/2016 21:38

Looks promising

[rolo7] 14/1/2016 16:27

I hold too few of this, tree shake yesterday up today in weak market.
Is IBST going to benefit from cheaper oil prices and energy costs?