Im about breakeven at this point as cashflow didnt let me get in sooner but wandering when is a good price to load up again |
Failed breakout and back into a range it is then. A few of these about now with sellers coming in at recent highs preventing a push higher. Suspect prices will eventually move higher post some random shorter term moves and hopefully a wider market correction in Q1 so we can load up :-)
Clearly IBST need another upgrade to convince the market - suspect that will follow. It will be hard to not crack that recent high then!
Let's see how it goes.
All imo
DYOR |
that video now on ggp share board , a good example for other shares |
I'm not buying yet. 50mln EBITDA is less than half the previous year. That's before any exceptionals and the share price is 2/3 of what it was.
Depends how long it will take to get back to normality and that's an unknown at present going into this year. |
Thanks for sharing your insight Sphere25 |
Started well with strong volume and some big blocks being mopped up early. Institutional bid algos are all over this early on. We're through some key levels here with the price nearly up 10% at 216p and headed for auction.
217p is the last key level to go.
It would be nice to get the breakout today because there is a blue sky breakout and a big gap up on the chart based on the rating catching up with the normalising fundamentals.
It's clearly all about the close. Over to the institutions to decide!
All imo
DYOR |
Nipped in for a top up at the opening, looks well supported now at 2 quid and plenty of ground to make up given it came down from 3 quid pre COVID |
This looks like value in a market where it is hard to find value. Usually farts about in a tight range at these levels but looking for a breakout above recent highs at some point.
All imo
DYOR |
Presumably there's a risk of house prices dropping over the next few years, but would that affect housebuilding numbers, seeing as we are way short of them ?
I've been having a look for recovery stocks and Ibstock popped up. |
The gap in price between FORT and Ibstock seems to have got rather wide.
Is there any reason why Ibstock should not have the same benefits from a housebuilding boom as Forterra? Anyway, the gap has widened from 16% to 31% on no news... strange... I suppose it might have been instigated by the buybacks for the FORT pension fund, but that would only happen due to some fairly unfocused investors...
In fact, even stranger, in December the gap NARROWED to only around 7%. |
Don't suppose many bricks being laid today but good to see the year end share price looks like will hold above £2. |
Anyone know the reason for the last minute fall? |
Looking at the company website I am not clear how many facilities are running at close to full capacity now.
However the TU said ;
Both our Clay and Concrete businesses benefited from these improving conditions, with overall Group volumes recovering to around 90% of prior year levels in the month of September and remaining at these levels during the month of October. Group revenues for the three months to 30 September 2020 were 88% of those in the comparative prior year period. |
I guess it would logically follow that if all the housebuilders are busy then Ibstock should be even busier, though ultimately capacity will be a limiting factor to their recovery. |
Well the CFO timed his buy well , up 35% in 3 weeks! Wish I could say the same, down about 35% in a year! |
Not unexpected as the market sea level has risen after positive vaccine news at lunchtime. |
The share price has come to life yet there is no
response on here!!!! |
SMCN
Chief Financial Officer bought 20,240 shares at around 147.5 p. Hes done ok upto now. Mind you it usually pays to do the opposite to what DB advise :-) |
Scruff1 what is the director comment referring to? |
I mentioned that yesterday but nobody ususally takes that much notice of a rerating unless its on the back of poor results or some other nastyness. None o that here as far as I can tell. One of the directors certainly too humbrage. Interesting to see what happens tomorrow |
blame D.Bank for yesterdays drop
they dropped to Hold from Buy ... tgt168 (183) |
Taken a few here - bounced off key supports.
£50 million EBITDA vs a market cap of £626m and not in a distressed debt position. You'd think this one has been hammered enough and the market appears too bearish down at these levels.
However, the good ole bullishness is getting sapped by the day with more and more indecisive actions by the government so whether this or others continue to hold key supports is another matter. It's one big wrecking ball in motion that could lead to catastrophe, even more significant than at present. |
I was expecting some big fallers eg BP. , JDW, GRG never materialised. Then this out of the blue. |
UBS BUY raises tgt slightly to 215 (210) |
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