Ibstock Investors - IBST

Ibstock Investors - IBST

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ibstock Plc IBST London Ordinary Share GB00BYXJC278 ORD 1P
  Price Change Price Change % Stock Price Last Trade
2.40 1.06% 228.40 16:35:04
Open Price Low Price High Price Close Price Previous Close
226.40 226.40 230.00 228.40 226.00
more quote information »
Industry Sector

Top Investor Posts

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.
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.
scruff1: Yep. Looks like even IBSTs investors dont believe Bozo !!
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...
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! https://www.forbes.com/sites/kevinharris/2018/08/02/c-t-fitzpatrick-on-vulcan-value-partners-portfolio-management/#38efab657854 https://www.investegate.co.uk/ibstock-plc/ibst/holding-in-company/201809050910048347Z/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Ibstock%20PLC%20Alert
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
meganxmas: this is excellent news ... seller of major part of company selling at close to mkt price to new investors. Imagine if had drip fed onto market ? Who cares their reason ... at least transfers shares to those that want them at a fair price and in an orderly fashion.
from8to800: "the Seller announces that it has increased the size of the placement of shares (the "Placing") in Ibstock due to strong investor demand." Sweet.
aishah: Price floor around placing price. A few new investors on board. Will recover imo - seen it before with quality large cap companies. Strong hold for me having bought around 140p recently. dyor
doodlebug4: MARKET REPORT: Brick maker Ibstock's CEO Wayne Shepherd set to become a multi-millionaire today after near-£1bn flotation By GEOFF FOSTER FOR THE DAILY MAIL PUBLISHED: 22:00, 21 October 2015 | UPDATED: 22:00, 21 October 2015 Today's near-£1billion flotation of Ibstock will make chief executive Wayne Shepherd a multi-millionaire and leave four other members of his management team sitting pretty, as their 5 per cent equity stake is valued at about £50million. The country’s largest and oldest brick-maker’s second dive into public markets represents one of the most audacious private equity flips: Bain Capital Europe only bought the company in December 2014 for £414million from Irish builder CRH, which was desperate to raise cash to help fund its £4.9billion acquisition of Tarmac Lafarge. The indicative price range of the float is 185p to 225p, making a market capitalisation of £750million to £912million.  Dealers last night awaited confirmation of the strike price and many were of the opinion that advisers, led by JPMorgan Chase and UBS, would play it safe and price it at the middle of that range. As one fund manager said: ‘Bain Capital’s decision to flip it early could mean it is confident we are close to the top of the construction or housebuilding cycle and demand for bricks will start to falter. Having said that, when you get a chance to more-than-double your money in nine months, why not say cheerio.’ Michelmersh Brick, the UK’s fourth-largest brick-maker, this week said it expects full-year profits should beat expectations but also warned the unexpected summer slowdown in the construction market had pegged back deliveries in recent months. If that’s the case, any interested retail investor in Ibstock will probably have to be in for the long haul. The firm was previously listed on the London Stock Exchange from 1963. It has 40 per cent share of Britain’s clay brick market and makes 780million bricks a year.
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