Share Name Share Symbol Market Type Share ISIN Share Description
Ibstock Plc LSE:IBST London Ordinary Share GB00BYXJC278 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -0.11% 174.40 542,453 16:29:51
Bid Price Offer Price High Price Low Price Open Price
174.30 174.80 179.40 174.30 175.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 408.66 64.94 7.80 22.4 714
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:12 O 5,739 178.707 GBX

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22/4/202207:21Ibstock building clay bricks in volume549
08/3/202116:00Ibstock Results this week-

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Ibstock Daily Update: Ibstock Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker IBST. The last closing price for Ibstock was 174.60p.
Ibstock Plc has a 4 week average price of 170.30p and a 12 week average price of 149.80p.
The 1 year high share price is 241.40p while the 1 year low share price is currently 149.80p.
There are currently 409,560,934 shares in issue and the average daily traded volume is 578,335 shares. The market capitalisation of Ibstock Plc is £714,274,268.90.
tole: this column looked at Ibstock last August, inflation was a tiny cloud on the horizon, energy was plentiful, post-pandemic supply bottlenecks had hardly begun and Ukraine a far-off land familiar mainly to trekkers.For Britain's biggest brickmaker, the news since then could not have been much worse. The shares have fallen from 223p to as low as 167p. After rising following the publication of 2021's results on March 9, the price wilted again before a bullish statement yesterday, with the sweetener of a £30 million buyback, generated a 14½p, 8.8 per cent, rise to 181p.Joe Hudson, Ibstock's chief executive, told yesterday's annual meeting that the company had "made a strong start to 2022 . . . Mindful of the broader macroeconomic uncertainties, we expect to deliver performance for the full year modestly ahead of our previous expectations."SIGN UP FOR OUR ...Weekly newsletterNews, inspiration and advice for business leaders from British is a big factor in making bricks, so Ibstock has bought forward at fixed prices 75 per cent of what it will need for this year's second half and more than 30 per cent of the likely 2023 requirement.It has done well out of surprisingly strong demand for new houses and stands to benefit from the removal of unsafe cladding from blocks of flats. Ibstock Futures has bought glass-reinforced concrete panel technology, particularly suited to recladding. Its repairs, maintenance and improvement business has been generally strong.Last year, it said it would do better than forecasts of £93 million for adjusted earnings before tax, interest and other costs. The actual number was £103 million, encouraging for Hudson's numbers for 2022. Ibstock looks capable of earnings per share this year of 15p or more, which would mean a price-earnings ratio of below 12. It may want to hold on to cash in light of uncertainty, but even an unchanged 7.5p dividend would leave a useful 4.25 per cent yield.ADVICE BuyWHY Well placed to overcome multiple headwinds
edmundshaw: Super trading update today. Most energy requirements for this year sorted three months in, a third of next year's too (hopefully partly hedged so they can take advantage of any price drops). £30m buybacks due to leverage below the planned level. Share price lately has been bizzarly low, an upward correction is well due IMO.
edmundshaw: Very nice looking results. The share price is obviously completely out of step. Dynamic pricing against energy risk, 85% of energy requirements covered for the whole year, which should work out very nicely in the current environment. Price target for me is 300p.
cerrito: Interested to see that Vulcan Value have further increased their shareholding and can understand why as the gungho TU iof Jan 20 has not done much to the share price They have a stable shareholder base. As far as I can see the only moves since 31.12.20 has been Ameriprise joining with 5.47% and Vulcan going from 6.94% to 9.72%. I appreciate energy prices must be casting a shadow. In last year’s Significant risks in the 2020 A report input prices was way down the list and Climate change was the key issue. In this A report we were told that quote he Group operates a policy of forward purchasing its energy requirements, which is successful in locking-in the costs of production to inform price negotiations with its customers.unquote
ygor705: Plenty of value in this stock but the same comment was being made 12 months ago. My suspicion is that concerns about the price and sustainability of energy supplies plus the absence of a decent yield are holding things back here. Think that we'll continue to see surges in the share price followed by profit taking until that situation changes
tole: 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: 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.
km18: 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
tole: 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.
tole:£500 to invest? 2 dirt-cheap UK shares I'd buy right nowRoyston Wild | Monday, 11th October, 2021 | More on: BWY IBSTImage of person checking their shares portfolio on mobile phone and computer Image source: Getty Images.The Ibstock (LSE: IBST) share price has fallen off a cliff. Down 22% since the beginning of September, investors have trembled over the potential impact of soaring inflation on Bank of England policy and fretted how this could damage demand for the brickmaker's products.Naturally, rising interest rates would make it more challenging for potential homebuyers to afford to buy. Comments coming from key Bank of England personnel seems to suggest that rate hikes could be coming very soon.Michael Saunders, a member of the rate-setting Monetary Policy Committee, said over the weekend that "markets have priced in over the last few months an earlier rise in Bank rate than previously and I think that's appropriate."Market-beating valueIbstock's recent fall means it continues to trade on a forward price-to-earnings growth (PEG) ratio of 0.1. A reminder that any reading below 1 suggests a stock is undervalued by the market. The firm doesn't just look like a dirt-cheap UK share from an earnings point of view either.For 2021 and 2022, the FTSE 250 share carries dividend yields of 3.3% and 4.4% respectively. This beats the broader FTSE 250 forward average of 1.9% by a decent margin.Another cheap UK share on my radarWorries over possible Bank of England rate hikes (along with fears over rising building material costs) have also shaken the share prices of many housebuilders.FTSE 250-quoted Bellway (LSE: BWY) is one of these recent casualties, down 13% since the beginning of September. But at current prices I think this is another UK share that offers brilliant all-round value. As well as also trading on a PEG ratio of 0.1 for 2021, Bellway's dividend yields clock in at 3.5% for this year and 4% for 2021.I thought both Bellway and Ibstock offered excellent value before the September and October sell-offs. And following those, falls I believe these dirt-cheap UK shares could now be considered too cheap for me to miss. I certainly think their recent share price drops more than reflect the threat of sooner-than-expected interest rate rises.Still looking goodFrom a long-term perspective both these companies still have terrific profits potential. Sure, Bank of England rates may rise from their record lows of 0.1% very soon. But I still expect them to remain well below their historic lows. Otherwise it could strangle the economic recovery as Britain copes with the twin problems of Covid-19 and Brexit.On top of this, homebuyer affordability should remain well supported by the intensifying mortgage product war. Lenders are bending over backwards with low rates, cashback and other perks to win business in an ever-more-crowded market.There simply aren't enough homes to go around in Britain. Therefore government will have no choice but to continue building to solve the crisis (the housing ministry has its sights set on 300,000 new homes a year in the next few years). All things considered, I think the future still looks bright for cheap UK shares Ibstock and Bellway. And I think they're great value buys for me following those recent share price falls.
Ibstock share price data is direct from the London Stock Exchange
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