Ibstock Share Discussion Threads

[master rsi] 31/7/2016 22:08

The Sunday Times:

Pipes-to-tools company Travis Perkins and brickmaker Ibstock are due to post first-half profits and will shed light on the mood among the nation’s tradesmen.

[master rsi] 29/7/2016 09:24

Once again starting lower, but soon recoup the loses and already on the up on low volume, but stronger order book on the bid side is helping on the rise.

Not long now for the Interim results, next Friday the 5th August, so one week left to fill the boots.

[nw99] 28/7/2016 11:13

Buy the dip

[master rsi] 28/7/2016 10:51

Well not any longer down it has managed to climb back after a few large buys all paying premium.

It gives me the impression that the price has been manipulated so those trades could be made at a lower price, and once they were done they let the share price go to its pace.

[master rsi] 28/7/2016 10:31

Once again the same game as yesterday, opening lower as there is no others yet place on the order book and then at 9am turn up after a large buy paying premium

They say shares on the order book should not be touched until after 9am, as it seems the order are not yet place and is very volatile on a large spread before this time.

09:00:45
153.99
9,042
£13.92k

[aishah] 27/7/2016 13:27

Any weakness is a good top-up opportunity here imo.

[master rsi] 27/7/2016 11:21

re - why down today

another good reason for not moving lower is good Interims results from TW. ( Taylor Wimpey ) and the market responded with marking well up all the house builders, therefor no reason for IBST to loose so much ground earlier on unless it was provoke

[master rsi] 27/7/2016 10:40

Already recovering from the lows of the day as the order book is now positive on the bid side 28 v 23 and earlier also paying premium 153p for 2K when offer was 152.60p.

There is not many shares on the order book offer prices and any bigger size has to pay premium it seems

[master rsi] 27/7/2016 10:08

re - why down today

the order book was weak 17 v 29 a bit of recovery at the moment, meaning the MMs decided to put orders on the offer side and triggered sells "AT" most likely to cover ( filled ) their book for yesterday's buys.

Some funny trades Paying 156p when offer price was 150p

10:31:58
156.00p
5,000K

10:31:48
156.00p
16,980K

[gucci] 27/7/2016 08:23

why down today

[hamblyr] 26/7/2016 15:07

This is looking excellent IMO.

[nw99] 26/7/2016 14:11

No resistance on chart until that £2 area

[mortimer7] 26/7/2016 13:44

AGM statement from 26th May. On that day the closing share price was 202p....
"Market fundamentals remain positive in both the UK and US, with demand for new housing remaining robust. The Board expects another year of progress for the Group and its expectation for the full year is broadly unchanged".

[smokybenchod] 26/7/2016 12:13

Looking good

[master rsi] 26/7/2016 12:08

Volume is starting to show more signs of life now 563k compare with only 170k earlier 11am

[master rsi] 26/7/2016 11:09

the climb keeps going as larger trades are appearing on the ticker at a higher price

11:41:36
155.00p
50,000
£77.50k

[master rsi] 26/7/2016 10:06

though the market is down today the stock is surging ahead and breaking 150p at the moment on a stronger order book and though the volume is not high the buys are taking charge

Latest trade was large and paying premium

10:55:26
153.72p
19,516
£30.00k

[aishah] 25/7/2016 07:34

Yes, MBH statement on EU referendum:

EU Referendum Outcome

"Whilst it is too early to know the full long-term impacts of the UK's exit from the EU, the Board feels that the Company is well positioned to manage any effects within the brick manufacturing and housing industry. The Board do not believe the outcome of the referendum in itself results in any material change in the outlook for the Group's near term financial results or future growth prospects."

[nw99] 25/7/2016 07:05

Good numbers MBH well positioned for a stronger H2" positive read thro for ibstock

[smokybenchod] 22/7/2016 21:33

Thanks nw99. So UBS believe earnings will be down 40% in FY17 but only slash the share price target by 25%. Am I missing something here, as this seems somewhat of a contradiction?!

[nw99] 22/7/2016 17:29

Just because forecasts have been cut doesn't mean valuations cannot look attractive. Take Ibstock: UBS has slashed earnings expectations by 40% from 2017 due to Brexit-inspired lower new build volume forecasts, with the analysts pencilling in the 5% drop in brick volumes widening to 11% in 2017. That's nasty stuff.Falling 28% since the referendum and 36% since the beginning of the year, the market is pricing in more of a horror story and the shares look oversold. A price/earnings (PE) multiple of 11.5 times and 5% dividend yield look attractive, supported by a 7.5% free cash flow yield. The balance sheet is robust, too, with a 2017 net debt/cash profit multiple of 1.3 times. The group's target price falls by a quarter to 175p, but still offers 19% upside to its current p

[master rsi] 22/7/2016 16:18

Have been all day on the up and finishing the day with some large size UT and a few more later

[smokybenchod] 22/7/2016 12:11

I'm planning on holding this one for 5 years, and hoping it does as well as my other long term holds, stop loss of £1. Not sure how I can lose barring a worse recession than 2008 (pretty unlikely).

[master rsi] 22/7/2016 10:03

On a very bad day for house builder after the negative PMI is holding pretty well after early rise

[nw99] 22/7/2016 07:09

Buying more here charts suggest lots of upside