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IBST Ibstock Plc

183.80
-0.40 (-0.22%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Ibstock Investors - IBST

Ibstock Investors - IBST

Share Name Share Symbol Market Stock Type
Ibstock Plc IBST London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.40 -0.22% 183.80 16:35:13
Open Price Low Price High Price Close Price Previous Close
185.00 181.40 185.00 183.80 184.20
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Top Investor Posts

Top Posts
Posted at 28/8/2022 16:00 by scruff1
Comical really though. A couple of days ago it was 199. Nothing has happened in the last few days that could have taken anybody by the least surprise. The selling since then would be worth a study into investor behaviour/reaction
Posted at 11/10/2021 19:17 by tole
https://www.fool.co.uk/investing/2021/10/11/500-to-invest-2-dirt-cheap-uk-shares-id-buy-right-now/£500 to invest? 2 dirt-cheap UK shares I'd buy right nowRoyston Wild | Monday, 11th October, 2021 | More on: BWY IBSTImage of person checking their shares portfolio on mobile phone and computer Image source: Getty Images.The Ibstock (LSE: IBST) share price has fallen off a cliff. Down 22% since the beginning of September, investors have trembled over the potential impact of soaring inflation on Bank of England policy and fretted how this could damage demand for the brickmaker's products.Naturally, rising interest rates would make it more challenging for potential homebuyers to afford to buy. Comments coming from key Bank of England personnel seems to suggest that rate hikes could be coming very soon.Michael Saunders, a member of the rate-setting Monetary Policy Committee, said over the weekend that "markets have priced in over the last few months an earlier rise in Bank rate than previously and I think that's appropriate."Market-beating valueIbstock's recent fall means it continues to trade on a forward price-to-earnings growth (PEG) ratio of 0.1. A reminder that any reading below 1 suggests a stock is undervalued by the market. The firm doesn't just look like a dirt-cheap UK share from an earnings point of view either.For 2021 and 2022, the FTSE 250 share carries dividend yields of 3.3% and 4.4% respectively. This beats the broader FTSE 250 forward average of 1.9% by a decent margin.Another cheap UK share on my radarWorries over possible Bank of England rate hikes (along with fears over rising building material costs) have also shaken the share prices of many housebuilders.FTSE 250-quoted Bellway (LSE: BWY) is one of these recent casualties, down 13% since the beginning of September. But at current prices I think this is another UK share that offers brilliant all-round value. As well as also trading on a PEG ratio of 0.1 for 2021, Bellway's dividend yields clock in at 3.5% for this year and 4% for 2021.I thought both Bellway and Ibstock offered excellent value before the September and October sell-offs. And following those, falls I believe these dirt-cheap UK shares could now be considered too cheap for me to miss. I certainly think their recent share price drops more than reflect the threat of sooner-than-expected interest rate rises.Still looking goodFrom a long-term perspective both these companies still have terrific profits potential. Sure, Bank of England rates may rise from their record lows of 0.1% very soon. But I still expect them to remain well below their historic lows. Otherwise it could strangle the economic recovery as Britain copes with the twin problems of Covid-19 and Brexit.On top of this, homebuyer affordability should remain well supported by the intensifying mortgage product war. Lenders are bending over backwards with low rates, cashback and other perks to win business in an ever-more-crowded market.There simply aren't enough homes to go around in Britain. Therefore government will have no choice but to continue building to solve the crisis (the housing ministry has its sights set on 300,000 new homes a year in the next few years). All things considered, I think the future still looks bright for cheap UK shares Ibstock and Bellway. And I think they're great value buys for me following those recent share price falls.
Posted at 25/6/2021 10:01 by m12rtn
Well that's a bit naughty, they actually reduced and that is where the fall came from, how easy it is to fool private investors when they fill the RNS out incorrectly
Posted at 25/6/2021 09:09 by strollingmolby
Interesting for Vulcan to be building a stake here:

"We are value investors—business analysts with a long-term time horizon focused on purchasing publicly traded companies that are competitively entrenched at significant discounts to intrinsic worth."
Posted at 26/10/2020 10:45 by inntolife
Irishmatt, yes the slow (or not too slow) inexorable rise from the announcement of a trading update to the fall on Wednessday when the update doesn't meet the wild expectations of the traders. Gald I am an investor here.
Posted at 05/10/2020 16:06 by inntolife
No ed your're not on that I filltered, I havern't really looked at FORT but over the last few weeks they seem to be doing a bit better. You makes your pick and just sit back and wait for things to get better. imho there are so many copanies out there that have taken far too much of a hit it is difficult which ones to choose, fun times to be an investor.
Posted at 03/8/2020 20:49 by scruff1
Yep. Looks like even IBSTs investors dont believe Bozo !!
Posted at 09/3/2020 16:32 by edmundshaw
Also added again. At 209p. Keeping an eye on Forterra, but it seems to have better investor support keeping the price higher (relatively), and I cannot work out why...
Posted at 05/9/2018 13:19 by cisk
Significant holder Vulcan Value partners has increased their holding from 5.5% to 10.1%, it’s an interesting fund:

“We are value investors but we don’t look for cheap stocks. We look for businesses with inherently stable values that can compound their values steadily over time. We get to know them very well before we buy them because they are overvalued, by our math, most of the time. On the rare occasions when they do become discounted, we can move very rapidly to take advantage of those discounts because we’ve been following the companies for many years, sometimes decades.

Our investment time horizon is five years and if we would not be comfortable owning a business for this time period, it does not qualify for investment. This is one of our competitive advantages”

The fund has done spectacularly well, clearly they think IBST is undervalued - so do I!
Posted at 27/4/2017 08:44 by davidlloyd
Ahem - just thought - who said it was 'new investors' - could it not be an easy way for an existing holder to significantly increase holding ? just seems quite a strong demand here which would almost suggest move towards a takeover perhaps? Yours rumouringly,

DL

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