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Investor discussions surrounding Ibstock Plc (IBST) during the week of February 10-17, 2025, have primarily focused on the implications of brick imports on the company's operations and the broader industry dynamics. One significant point raised by investors is the environmental and economic rationale behind importing bricks when domestic production capacity exists. A participant highlighted the ecological concerns associated with bringing heavy materials like bricks from afar, suggesting that the local production capacity should be utilized, contingent on demand levels.
Financially, sentiments expressed indicate a cautious but optimistic outlook among investors regarding Ibstock's performance amid fluctuating market demands. The conversation hinges on the balance between leveraging local resources and the competitive pressures from imports. Participants expressed interest in the potential for sustainable practices to enhance Ibstock's market position, with one remark suggesting that there is "obviously" an economic case for local production if demand justifies it. Overall, investor sentiment appears primarily focused on the sustainability of production practices and their impact on Ibstock's growth trajectories moving forward.
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IBST v FORT, any views on which the better value atm?. |
5.5p and going ex-dividend next Thursday. |
Has the dividend been set yet for payment on 12 May? |
As both a Bellway and Ibstock holder interested to read this in today's interims from Bellwsy |
have to say IBST stood up fairly well in the weeks market carnage |
Market turmoil could provide a good opportunity here. |
This is from the Prelims of Forterra which came out a day after IBST. |
Good to have a 5.2pc yield and statutory pe of 8x |
I need to listen to the webcast and I hope they were asked what will be the impact of the sizeable declines in housebuilding we have seen forecast by the big housebuilders in recent weeks. |
gsw |
'Conditions to remain subdued' in the early part of 2023 is a bit worrying.Good to see an increase in dividend which gives some confidence going forward. |
Even good results seem to be greeted with a drop this year. Not holding my breath. |
Economy as a whole is going through a soft patch; let's hope Rishi's corporation tax bomb will not extend that to a long drawn-out underperformance of the UK. Still, houses are needed, this is not going to be the worst affected sector. |
Would imagine that share price reacts to predictions for expected performance for year ahead rather than last year reported. At the mo difficult to see a lot of excitement generated |
All shares to do with building tend to fall on day of results atm |
Neither am I. Doesnt it all depend on when you compare it to? We have had higher highs and higher lows. |
Lower highs and lower lows - Not a chartist but looks as though a red flag. |
Finals Wed. |
It's a long hold for me still, but it looks a long way back up to £3 again. But simplistically , there is going to be a long term demand for the products and no particular reason why other competitors have an advantage, so will keep ticking along unless someone makes a bad management decision .Or conversely a good one . |
Ibstock plc issued a trading update for the year ended 31 December 2022 this morning. The Group enjoyed resilient performance in final quarter of the year driven by a continued focus on price and margin management and good operational execution. Full year revenues are expected to increase by 25% to approximately £510 million, adjusted EBITDA is expected to be modestly ahead of previous expectations. Looking forward, higher interest rates, inflation and heightened market uncertainty are expected to impact the demand picture in 2023, but management remain confident in their ability to deliver against ambitious medium-term financial targets. Valuation is a little rich for the sector, the share price also lacks near term momentum. There is no particular rush to buy here, but IBST is well worth monitoring for the medium run... |
As an example, I believe the market is pretty much ignoring the huge acquisition that Norcros made last year, so not factoring that in means the balance sheet may look worse and earnings projections look less exciting. |
I gave up using anything other than reported and RNS-ed results long ago, GH. Everything else is subject to distortions and downright incompetence. Also you get to see the reasons for the earnings, adjustments (for good or ill), debt, pension issues, balance sheet adjustments, distortions from recent disposals or acquisitions, etc. (apart from the corporate activity a lot of it doesn't change much from year to year so it is only a big job in the first year). It takes more time, but it is the only way to get accuarate reported information (which mostly is either correct or massaged in a pretty predictable way). |
I looked under the financials within ADVFN where they have Eps of 7.8 and pe of 21I didn't cross check it reported numbers Stupid me, for some reason I thought it might be vaguely accurate. So thanks for pointing that out |
An historic PE of 21??? How do you arrive at that? |
It has historic p/e of 21 so probably reasonably full value as it is I would guess |
Type | Ordinary Share |
Share ISIN | GB00BYXJC278 |
Sector | Concrete Block And Brick |
Bid Price | 166.60 |
Offer Price | 167.20 |
Open | 167.20 |
Shares Traded | 51,920 |
Last Trade | 08:38:18 |
Low - High | 165.60 - 169.20 |
Turnover | 405.84M |
Profit | 21.06M |
EPS - Basic | 0.0535 |
PE Ratio | 30.99 |
Market Cap | 644.6M |
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London open: FTSE edges lower as inflation hits 3% London stocks edged lower in early trade on Wednesday as investors mulled a higher-than-expected UK inflation reading. At 0840 GMT, the FTSE 100 was down 0.3% at 8,741.97. Data released earlier by the Office for National Statistics showed the annual rate of consumer price inflat...
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Shares in mining company Glencore (LSE:GLEN) dropped over 5% on Wednesday after it reported disappointing results. The company’s EBITDA was $14.36 billion, slightly below the $14.55 billion consensus estimate. Glencore’s earnings declined 16% year on year, despite the inclusion of EVR from mid-2024, as lower coal prices weighe...
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