Ibstock Share Discussion Threads

[ygor705] 19/3/2021 12:48

This stock was the worse performing share in my Investment Club's share Competition for the past 12 months. We therefore decided to buy some this morning and I'm pleased with the performance over the past 3 hours!

[edmundshaw] 12/3/2021 12:25

Management are "comfortable" with consensus earnings given continuing uncertainty. That seems to me to isuggest that if normality comes and there are no shocks they should beat consensus. I believe consensus is the range 14-19p. So for me a price of 230p is not particularly stretched given the tailwinds of housebuilding need and growth plans.

[tonytaxi] 12/3/2021 10:51

You are right with the profit taking. That's what I did. Just think it went to its peak for the short term and sold at 245. I'll buy back in again at around 215 if it goes there.

[indigocarmine] 10/3/2021 12:27

As time goes on, I have come to increasingly believe that on the whole, all things carefully considered, the 'market' is a @!#$ing idiot.

[wad collector] 10/3/2021 11:40

Yes though doesn't look like the market is very excited about them , price down thruppence now. 1.6p div seems reasonable in the face of a loss.

[cheshire] 10/3/2021 07:51

Excellent end of year results, well positioned to return to profit this year and a dividend payout.

[cheshire] 10/3/2021 07:48

Operational Headlines?Resilient operational performance and strategic progress against unprecedented backdrop of COVID-19?Health and safety of all our people has remained the key priority throughout?Strong progress against operational strategy, notably in area of ESG; achieved "AA" rating from MSCI?Following initial sharp contraction in market demand from late March 2020, steady and sustained recovery of demand patterns over remainder of year?Group wide restructuring programme to reshape and upgrade the business completed in H2, delivering up to £20 million of cost savings in FY21, at a cash cost of £9 millionFinancial Headlines?Revenue decline of 23% reflects impact of COVID-19 pandemic, with significant reductions in both Clay Division, down 29%, and Concrete Division, down 5%?Adjusted EBITDA1 of £52 million (2019: £122 million) down 57% reflecting lower sales volumes and impact of operational gearing?Statutory loss before tax of £24 million (2019: £82 million profit) reflects lower trading performance and exceptional costs of £36 million principally related to COVID-19 and restructuring

[wad collector] 09/3/2021 16:15

Using bricks to build a factory to make more bricks seems like a good plan!

[edmundshaw] 09/3/2021 16:15

Small dividend reinstated at Forterra today and an small but impressive profit... I am expecting similar fromIbstock - I don't see why not.

[indigocarmine] 09/3/2021 13:23

Personally, I'm not convinced rises in bond yields will be sustained. However, irrespective of my thoughts, I would agree that committing to building a factory in what are still quite uncertain times would be a brave (possibly even foolhardy) decision.

[lefrene] 09/3/2021 12:19

Not if bond yields rising tells them that interest rates are going to rise, then putting that factory on hold might not be a mistake.

[indigocarmine] 09/3/2021 12:12

I can't see how the news tomorrow will be anything other than very positive. Homebuilding is going into overdrive, and perhaps the only possible question will be if Ibstock can fully capitalize on the opportunity. Although entirely understandable, putting the plan for a new factory on hold last March might come back to bite them.

[cheshire] 09/3/2021 11:36

ADVFN app showing news today, but cannot find it. Pretty sure there's going to be good news tomorrow from what a construction industry friend has told me.

[cheshire] 08/3/2021 16:00

I read something a few months ago suggesting Ibstock could be a good recovery stock, I bought some and have seen a nice rise since then. I noticed things are ticking up again today and wonder if the final results on Wednesday could be better than expected. It would appear that building supplies are in big demand and that something like 80% of the UK brick supply is made by 3 players, Ibstock being one of the three. A return to an share price of over 300p could well be on the cards quite soon IMHO.

[castleford tiger] 03/3/2021 14:03

I can as of today declare I have completed buying my stake here. I have a 300p target and will review at that time. tiger

[jonojubb] 25/2/2021 22:20

Would like to hope there is a little upward momentum towards the next update. Roll on 10th March indeed!

[sphere25] 18/2/2021 15:09

Disappointing move. Breaks out and hits 230p and then comes flying back down like this to the current price of 213p, almost typical IBST really - lumpy irrational moves. At times it isn't almost worth trying to look at value proper companies in this sort of market. You may as well have a full list of speculative garbage shares on the monitor. You'd do alot better! :-D Whacky ole market full of uncomfortable excesses! We are now in reporting season so it will be interesting to see how the market reacts to the results. Roll on the 10th March. All imo DYOR

[sphere25] 12/2/2021 14:47

Looks like a slow motion breakout with a gradual uptrend in play on the shorter daily charts. That is one way to play the shorts. Let them feed in and gradually gobble up any shorts being fed in and then keep bidding higher in a very small way. If that bull trend can be kept in tact, price could move well from here. Over to Merian and any other small shorters under the 0.5% threshold to make their move now because the price is clearly making bullish moves. All imo DYOR

[fishyneck] 11/2/2021 19:50

I've been told that one of my local ibstock factories doubled their budget for dispatches in January. Forward ordering is necessary for most wirecut factories with most having lead times over 6 weeks. Forterra are in all sorts of trouble (again!) with shortages from wirecut factories!

[edmundshaw] 11/2/2021 19:33

270 in the current conditions seems a reasonable shorter term target, I agree. Last Feb we were 320p+, so pandemics allowing, ceteris paribus, we will get back there on infrastructure, housebuilding, with R&M and extensions likely buoyant given people stuck at home with spare cash...

[dunns_river_falls] 11/2/2021 17:02

Nice close there above that 220 mark. Volume not huge but higher on the up days, lower on the down is fine with me. Add that flagpole onto the current share price for a target of 270 initially. Seem fair? See how it plays out. GLA

[wad collector] 11/2/2021 12:35

No, nothing as vulgar as that on here , only want to hear about chart patterns.

[spooky] 11/2/2021 11:58

Does anyone have a handle on what may be happening to margins following the strong construction market, supply shortages, Brexit, sterling strength etc.

[dunns_river_falls] 11/2/2021 11:25

It's looking ok so far! Really feels primed for a breakout soon, close above that 220 and some good volume would give me some confidence!

[jonojubb] 11/2/2021 09:56

More price teasing, slowly getting there but did well holding up yesterday, I thought