Ibstock Share Discussion Threads

[smcni1968] 29/5/2020 14:18

why the 4.5% drop?

[scruff1] 18/5/2020 17:13

I bought in for the first time. Putting my trust in govt backed building boom. It worked in the 60's !!

[smcni1968] 18/5/2020 14:23

Starting 1/3 of the factories back up, plenty of bricks in stock for now

[nefabeta01] 15/5/2020 20:04

This should be one of the first to fly when the economy opens up. House builders are going back to work. Government 300K pa house building plans(1). A healthy Balance sheet. Low net debt. Circa 15% post tax profit and yet currently valued at less than its IPO of 5 years ago. I've also bought some more.

1 -

[nigelbarker] 14/5/2020 11:08

just bought some more.

[edmundshaw] 12/5/2020 11:17

LGEN CEO interviewed this morning on from 30:30

Legal and General have £1 trillion in assets. One of the big things the CEO sees after this COVID is that the UK needs to invest to reboot the economy, and housing is his number one suggestion (and L&G owns three housebuilders). On top of that, planning has never been so easy to obtain...

Meanwile there is 60% upside here to reach recent highs...

[husbod] 01/5/2020 12:52

Hi EJI've been in Forterra for a while and have this on my watch list. Bricks are a basic necessity it's just a question of how many.Not sure I agree with you about house price falls. I've been around possibly even longer than you and have a professional interest in properties so have seen what has happened in a series of recessions. Basically when we were not such a crowded island house prices rose and fell with the general economy but now we've got several million more people the demand for housing is massive and this will continue to underpin prices imo.Only people who have to sell will drop their prices. Everyone else will simply stay put..Travis Perkins also looks interesting imo.

[panshanger1] 17/4/2020 15:09

Good call for the long term ?Had my walk around ( with mask )Canary Wharf today surprised how much action there was around the numerous building sites Not full on obviously but things moving Still a long road back IMO

[edmundshaw] 17/4/2020 13:37

Many thanks for that Smicker!

What is nice is the roundup of Ibstock, Forterra (I als own), Breedon and

Breedon only has about a 30% recovery potential to reach recent February highs, while I'd estimate Marshall perhaps 35%, Volution 40% or 45%. With Forterra that would be 60% and Ibstock some 75%...

Why? Well the brickmakers are a bit small to be on the horizon of large fund managers... does that have something to do with it? IDK, but I am happy with my brickmakers! :))

[smicker] 16/4/2020 17:47

Gets a mention here

[lefrene] 14/4/2020 17:09

Hello there EJ, I'm quite sure Ibstock won't loot the cash for private income and then just shut up shop! Good luck if you've managed to clip this one, but bricks don't feel like a good place to hang out for very long.

[lefrene] 14/4/2020 16:28

I'm expecting a building slump unless HM Gov start building social housing on a huge scale. Mortgages are being tightened and apparently 1 in 9 householders are taking a 'mortgage holiday' expected to last 3 months. Plus the economy is expected to shrink by more than 30% this year. Where is the demand for bricks going to come from?

[carpingtris] 14/4/2020 16:20

Hope you gave him the caveat 'only invest what you can afford to lose'.. unless of course you'll underwrite it for him :)

I've always said to my nephew if I've pointed him in a fund/stock direction that if it didn't work out I'll help with his losses, lol

[smicker] 09/4/2020 23:13

Reassessing here after a 25% gain in less than 2 weeks and almost back to a price that the company traded at roughly 6 months ago. At that point the company was paying a substantial dividend which is not the case currently.

[smicker] 30/3/2020 15:57

EJ, Sorry, my query was re the difficulty buying a share that is reducing in price. It was the 2nd time in the past few days it has happened to me.

Tbh i dont share the overwhelming negativity that seems common at the moment and expect a corresponding reaction once the first signs of optimism are visible re improving numbers. I'm in the v shaped recovery camp.

[smicker] 30/3/2020 13:59

Just tried to buy 5k and wouldnt let me. Got 2.5k when i reduced the size but then wouldnt complete the second half and had to leave a limit order . Then i look at the chart for the last few mins and the price is going down? Whats going on?

[edmundshaw] 17/3/2020 13:38

When this is all over, buildings will still need bricks. And bricks need Ibstock and Forterra.

I have been offered the argument that houses will be released due to the epidemic. But I personally doubt the numbers will be significant enough to cause a serious dent in business. So this seems on the face of it one of the safer stocks to bottom fish.

Just an opinion...

[edmundshaw] 09/3/2020 16:32

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...

[wad collector] 09/3/2020 12:54

Added a few more at 210 ; not sure the magnitude of this fall is logical ; will building stop for a yr?

[mikealig] 04/3/2020 17:01

Nice to see the CFO making a decent sized purchase.

[wad collector] 04/3/2020 09:47

Added at 241 . I see no good reason this won't be 320 again before too long.

[volsung] 04/3/2020 09:41

Classic double top there