Ibstock Share Discussion Threads

[edmundshaw] 10/11/2021 10:41

Who is Ameriprise? Bought up 5.5% of the company while it is cheap... smart move IMO.

Not so long ago, just before the COVID slump, this was well over £3. And I don't think the need for building materials has dropped since then, and we are 21 months closer to having the new enhanced, more efficient production facilities up and running.

[cerrito] 10/11/2021 07:44

Very good deal getting such long term finance at 2.19pc but a surprised that paying so much for the RCF

[m12rtn] 08/11/2021 14:07

Or stake building and wanting the lowest possible price in, like what Vulcan are doing?

[lefrene] 08/11/2021 13:42

Or that there's a hint of money tightening?

[scruff1] 08/11/2021 13:34

m12
Theres a reason for everything. Not knowing what it is doesnt mean there isnt one ! Could be the country has just discovered theres a shyster in charge

[m12rtn] 08/11/2021 10:41

No reason for this to drop, just great buying opportunities on the way when it falls!

[tole] 05/11/2021 07:32

Ibstock looking to a green future, says HargreavesBrick manufacturer Ibstock (IBST) continued to benefit from strong demand in the latest quarter but supply chain problems are beginning to bite. Hargreaves Lansdown, on the other hand, is looking at the benefits of its long-term strategy.Ibstock said performance in the third quarter was held back by supply chain disruption but not enough to derail guidance of full year underlying cash profits coming in above £93m. It also announced plans for Ibstock Futures, a new division that will focus on growth initiatives, including a £50m new factory to manufacturer brick slips, a special tile with the appearance and texture of real clay brick.Analyst Laura Hoy said management had successfully navigated a 'challenging' few months, passing inflation costs on to customers through price rises that have 'left the group in a position to focus on growth with a new segment dubbed Ibstock Futures'.'If Ibstock can execute successfully, it would put the group in a strong position to capitalise on a shift towards more sustainable building materials,' she said.'While brick homes have appeal in the UK market, these thinner, lighter, lookalikes come with a lower carbon footprint.'The shares closed flat on Thursday at just over 206p.

[m12rtn] 04/11/2021 17:14

Construction Enquirer headlineConstruction "powers ahead" as supply shortages ease

[npp62] 04/11/2021 16:18

Chunky order to fill at 200p maybe?

[npp62] 04/11/2021 13:21

Added another 50% to my holding today. Happy with the RNS this week.. Good confidence builder.

[readdin] 04/11/2021 13:12

good solid company with great future growth and demand for the products, read well on paper not taking into account some purchasers who imported will now be looking closer to home now, great entry price, share price should steadily climb from here imo, all good so fill your boots.

[m12rtn] 04/11/2021 11:49

This now has huge potential on the share price front, as bad and sad as the pandemic is and has been, this company has leaned itself to be more efficient and the maximum the share price has been at 3.20 ish, should be exceeded over the next 12 months. All bodes well for a 12 to 24 month hold in my portfolio.

[wad collector] 04/11/2021 10:20

Thanks for that link.
If EPS returns back to pre-covid 18p or so , this is undervalued in the long run. Happy to hold.

[km18] 03/11/2021 17:01

Ibstock plc issued a Q3 trading update this morning. The company enjoyed strong Q3 performance supported by continued robust demand in core markets. Supply chain issues are being managed, expectations for adjusted EBITDA for FY21 remain unchanged, a little ahead of previous expectations of £93m. A new business unit, Ibstock Futures, has been established to capture growth opportunities in new, fast growth sectors of the UK construction market. Valuation is reasonable, forward PE ratio around 12, and the company is reasonably high quality, net debt of £81m. Business is not yet fully back to pre-Covid levels, but it has recovered more than the share price which is roughly flat through 2021 so far. Not a bad recovery story to monitor, but no share price momentum and so no compelling reason to buy at present. But not a bad company to monitor for now...more from WealthOracleAM

[km18] 03/11/2021 16:45

Ibstock plc issued a Q3 trading update this morning. The company enjoyed strong Q3 performance supported by continued robust demand in core markets. Supply chain issues are being managed, expectations for adjusted EBITDA for FY21 remain unchanged, a little ahead of previous expectations of £93m. A new business unit, Ibstock Futures, has been established to capture growth opportunities in new, fast growth sectors of the UK construction market...keep up to date with stocks with WealthOracle AM

[edmundshaw] 03/11/2021 13:16

The growth strategy is really appealing now.

Originally bought these for the apparent undervaluation and the good prospects for the relevant construction markets. But come 2023/24/25 production is looking very positive and the improved carbon footprint will be putting this firmly in the ESG crosshairs...

Pleased with the update. I hope they are underpromising! :))

[m12rtn] 03/11/2021 11:16

I make it that we should be close to pre pandemic levels or at least just shy of them. Which we will over the next 6 to 9 months if we hold I believe.

[theoriginalwonderstuff] 03/11/2021 10:01

What do others make of the trading update today??

[wad collector] 02/11/2021 15:00

Good to see the share price heading North a bit , ahead of tomorrow TU. Not that there could be any leaking of course...

[edmundshaw] 31/10/2021 10:54

Yup. Roll on Wednesday!! :))

[tole] 30/10/2021 21:27

On the lookout for dirt-cheap UK shares? Here are two I'd buy for next month and aim to hold for years to come.Forecast-beaterI think Ibstock (LSE: IBST) could be a great UK share to buy right now. In fact, I own shares in the brickmaker and believe the next trading statement on 3 November could be another barnstormer.Ibstock said in August's most recent update that it expected full-year EBIDTA to be "modestly" above expectations after announcing a 54% rise in revenues between January and June. Sales have been fast approaching pre-pandemic levels of late, it said, thanks to the strength of the UK's housebuilding sector and robust spending on home improvements.I'm convinced demand for Ibstock's bricks will remain robust too. The colossal level of savings accrued during Covid-19 lockdowns means that DIY-related expenditure should remain favourable. And a mix of historically-low interest rates, an ultra-competitive mortgage market, and ongoing government support for first-time buyers should provide plenty of incentive for the housebuilders to keep building too.Ibstock could experience a sales dip if broader economic conditions continue to worsen. This could deal a blow to housebuyer confidence and prompt consumers to tighten their purse strings. But to my mind these problems are more than reflected in the brick manufacturer's ultra-low share price.City analysts think the company's earnings will soar 25% in 2022, leaving it trading on a price-to-earnings growth (PEG) ratio of 0.5 for next year.A reminder that a reading below 1 suggests a UK share could be undervalued. Another forecast-beating update then could well help Ibstock's share price rise sharply again in November following recent weakness.

[edmundshaw] 30/10/2021 14:30

Added capacity is looking tardy. I wonder if there is a profitble way of accelerating the new brick plant builds?

[m12rtn] 29/10/2021 20:12

Construction enquirer news:Manufacturing capacity for bricks is at its maximum and some brickmakers are investing in expansion, but exceptional demand has depleted current stock to a low level and the gap is being bridged with imported products.Extended lead times are predicted to continue at least until the second half of next year. In the longer term, the outlook is far better with additional capacity due to come on stream in 2023.

[daneswooddynamo] 22/10/2021 11:30

Looks like Vulcan has turned buyer from seller

[cerrito] 13/10/2021 10:28

Llef
I listened a couple of days back to the August earnings call.
Too bad I did not listen to it at the time because listening now with the benefit of hindsight you can see how the price has fallen in the two months plus since then.
Basically they can and do lock in input costs in the clay business but very hard to do in the concrete side.
I will do a small top up today encouraged by the BDEV AGM statement.