Ibstock Share Discussion Threads

[wad collector] 24/10/2023 14:27

Don't like to see a share price drop ahead of a TU. Especially to an 8 yr low.

[wad collector] 24/10/2023 14:26

Don't like to see a share price drop ahead of a TU.

[edmundshaw] 19/10/2023 17:08

Forterra trading update eventually reading across. Update on 25th will tell us the short term story. But houses still need to be built, and construction lulls are periodic, so I am holding on for the recovery.

[scruff1] 18/10/2023 20:27

Surprising. We have taken a right old pounding today and not a comment.

[dope007] 01/9/2023 15:37

So with all these schools, hospitals, courts etc falling down, who is best placed to be providing the bricks and mortar for them?

[wad collector] 23/8/2023 09:48

Xd tomorrow.

[gswredland] 02/8/2023 09:35

Exactly!
If you can look at this on say a three year view, it's a bargain.....well I think so!

[scruff1] 02/8/2023 09:26

Was anyone on the planet expecting other than slowing brick sales?

[castleford tiger] 02/8/2023 08:22

look good value and i remain a buyer on weakness

[bigbigdave] 02/8/2023 08:18

Seems all the bad news is priced in

[edmundshaw] 02/8/2023 08:01

Slowing brick sales is not news - we had that info from Forterra's results recenTly, and it is in the already lowered price here.

[edmundshaw] 02/8/2023 07:59

ScepI, did you even read the results?? Net debt is slightly lower than mgt expectations, still below target level, divi is up 3% reflecting mgt confidence, and outlook, I quote:
Current trading and outlook
-- While overall sales volumes were down significantly in the first
half, demand showed improvement across the period .
-- Our investment in major growth projects remains on track and
the Group continues to drive strategic progress while remaining
intensely focused on managing costs and capacity, with a range
of measures in place, in light of reduced market demand.
-- Balance sheet strength provides resilience and gives optionality
on investment and shareholder returns.
-- While recent macroeconomic events have introduced greater uncertainty
into the outlook, we remain confident in our ability to respond
to market conditions and the Board's expectations for the full
year are unchanged.
-- We are confident in the medium term outlook, and remain committed
to our medium term financial targets.

[scepticalinvestor] 02/8/2023 07:50

Huge proft warning100p open?

[gswredland] 16/5/2023 16:02

Thanks Edmund

[edmundshaw] 10/5/2023 23:07

I always use the RNS-ed results. It is the only reliable source, the horse's mouth...

[gswredland] 10/5/2023 15:31

Must admit I don't like the new financials section on here. Difficult now to find out current yields. Not sure what it is for current share price here

[essentialinvestor] 27/4/2023 11:57

Bought a small starter position.

[schofi2] 27/4/2023 11:49

Ibstock PLC on Thursday said it has made a good start to 2023, despite a "subdued demand environment" in residential new-build home and repair, maintenance & improvement markets.

The Leicestershire, England-based maker of clay and concrete building products said earnings before interest, tax, depreciation and amortisation were ahead slightly ahead of expectations in the first quarter. Ibstock said this was due to disciplined capacity and cost management, as well as "good commercial execution".

The firm noted that cost inflation has slowed in comparison with 2022 levels, adding that it has hedge 95% of energy requirements for the first half of the year, and about 75% for the whole of 2023.

Ibstock said its Atlas, Aldridge and Nostell growth investment projects are making progress, while Ibstock Futures grew in line with expectations in the first quarter.

Chief Executive Officer Joe Hudson said: "We've made a good start to 2023, with Ebitda marginally ahead of our expectations, underpinned by strong operational discipline and good commercial execution. Market conditions were subdued through the early months of 2023, although we expect this to improve as the year progresses.

"Our major organic growth investments remain on track, with our pathfinder factory at Atlas expected to deliver the UK's first carbon-neutral verified bricks by the end of the year, and Ibstock Futures continuing to build capability and scale."

Looking forward, Ibstock said it is confident in meeting market expectations for 2023.

Ibstock shares were down 0.2% to 166.60 pence each in London on Wednesday morning.

By Harvey Dorset, Alliance News reporter

Comments and questions to [e-mail]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

[scruff1] 16/4/2023 18:59

Cheers edmund. As suspected it was me being thick.

[edmundshaw] 16/4/2023 18:33

I think Forterra is comparatively Undervalued by c.10% compared to Ibstock, irrespective of the general undervaluation of UK listed brickmakers.

[scruff1] 16/4/2023 09:12

edmund
Its probably me being thick but
'I prefer FORT by 10% but if they went up by 10% I would like IBST as much' ??

[edmundshaw] 15/4/2023 22:31

I own both, but at current prices I prefer Forterra by 10% or so (i.e. if FORT went up 10% or so I would like he both as much). So I currently hold more FORT. But I like both.

[essentialinvestor] 14/4/2023 12:09

Appreciated.

[scruff1] 14/4/2023 12:01

Essential
I noticed you were a regular on the Fort board and was actually on the verge of asking the same question of you. I notice that FORT has quite a bit better yield and both have new production facilities and appear to be in rude health financially. My humble opinion is that they both seem to have fairly bright prospects. They have stood up fairly well considering the economic state of the country and the recent turmoil in the markets. The gross shortage of housing has to be addressed at some point and it has a bit of a tradition at leading us out of recession. Trouble is with this govt it cant seem to sort out a planning policy and seems more interested in punishing landlords and the rental industry than it does addressing the housing shortage. before Covid a friend of mine whose business is supplying construction companies with bricks mainly was always bemoaning the shortage of bricks and the fact that they had to import more expensive ones. I cant see that much has really changed and once construction starts to pick up it will hopefully be a bit of a boom. I appreciate that doesnt answer your question but as I said - I was hoping you would :-)

[essentialinvestor] 14/4/2023 11:21

IBST v FORT, any views on which the better value atm?.