Ibstock Share Discussion Threads

[eastbourne1982] 12/11/2015 01:34

Decent company however the shares seem expensive given the profit they are currently making, also housing / building is strong at the moment, if that turns this could fall a fair bit.

I'll be a buyer during the next property slowdown.

[r1singson] 11/11/2015 22:17

What are results figures for this company?

[sphere25] 10/11/2015 13:32

Company appears confident in doubling production:



"....enable us to upscale our production to meet the increasing demand for quality, UK-made bricks.”"

A few gyrations on the chart short term. These look like they're headed into the FTSE 250 in December so expecting a fair bit of tracker demand.

[doodlebug4] 22/10/2015 08:13

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.

[ukinvestor220] 22/10/2015 07:57

Nice to see Bain Capital still holding 53% - might not be a "load up with debt and dump in the market" IPO !!

[ukinvestor220] 22/10/2015 07:56

Welcome to Ibstock
The selling shareholders comprise Diamond (BC) S.à. r.l. (the "Bain Capital Fund") and certain individual shareholders comprising current members of the Group's management (together with Bain Capital Fund, the "Selling Shareholders").

The Offer is expected to raise gross proceeds of £208.2 million for the Selling Shareholders, assuming no exercise of the over-allotment option, and £254.4 million assuming exercise of the over-allotment option in full.

The Offer represents 40.0 per cent. of the Ordinary Shares of the Company assuming no exercise of the over-allotment option and 46.0 per cent. assuming exercise of the over-allotment option in full.

Following Admission, the directors and certain other members of the Group's management will hold 7.0 per cent. of the Ordinary Shares and the Bain Capital Fund will hold 53.0 per cent. of the Ordinary Shares assuming no exercise of the overallotment option and 47.0 per cent. assuming exercise of the over-allotment option in full.

[ukinvestor220] 22/10/2015 07:52

Announcement of Offer Price

Ibstock plc (the "Company" and, together with its subsidiaries, the "Group"), the leading manufacturer by volume of clay bricks sold in the UK[1], today announces the successful pricing of its initial public offering (the "IPO" or "Offer") of 162,200,000 ordinary shares (the "Ordinary Shares") at 190 pence per Ordinary Share (the "Offer Price").


Based on the Offer Price, the market capitalisation of the Company at the commencement of conditional dealings will be £770.5 million.