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Good evening LWHL. Must admit it looks a bit worrying when you see such a big drop like this. You don't feel like plowing more dosh in until you now the reason why. Just got in at 1.45. All the very best.
Goodness me! You turn your back for one moment and this happens.
I wonder what fund is selling? Or short seller, perhaps?
Cannot see anything in the news, no RNS either, to justify such a drop here. At least Forterra seems to have sold off too (albeit not as much), so hopefully just a sector sell off, rather than anything company specific.
Looks like I might get that top up target price after all. GLA.
That is the right strategy for this type of outfit, IMO.
As long as they keep a firm grip on costs, continue to drive down the debt pile and keep a healthy balance sheet, then I see this name still going strong, years into the future.
Certainly hope so anyway!
Seeing as we seem to have no technicians on this thread, my plan is to add more if we break that level I mentioned earlier, probably the mid 120's, and then if the proverbial really hits the fan, macro-wise, low 100's.
But that is predicated on nothing company-specific arising, naturally. A further dampening of numbers, in line with the sector etc, I am ready for and can live with, should it come to pass.
And of course, I could be wrong and am being too bearish, perhaps. Fingers crossed that is the case. GLA.
LWHL I'm just going to add to the pot when the price is right and l have the funds available. Hope it turns around for us all. He who dares wins.
Not sure that good times are around the corner just yet, but I bought back a small amount of those that I sold last time.
Any technicians here? Just trying to work out what the next support level might be if 132.80p goes at any point.
Subject to the obvious caveats, I am happy to hold these for the long term, so reasonably relaxed even if my bearish macro take plays out.
Would be more than happy if indeed this was the bottom and we returned to much higher levels sooner than I anticipate, just to be clear :)
Looking like a buy and hold at these prices. Load up and hold. Good times around the corner. Cheap as chips bargain hunters!
See from Aviva's RNS that they have picked up 24m shares in IBST. strategic holding?
CHAT
Big drop here today. Anybody got any ideas why? Thanks.
We seem to be stuck in a trading range at the moment. Interest rate needs to move down before we move forward.
Now onboard. Let's hope for good things.
Thanks Rhinocol, that's useful information. Every little helps.
Anew state of the art factory is being built at Nostell near Wakefield with solar and wind energy. This should hopefully keep energy costs down
Nice one thank you for you reply.
HI,
One of my favourite investments
despite revenue back above pre-covid level, share price not moved back
I believe this is due to increased fuel costs - brick making is energy intensive
and lack of confidence in new build housing due to interest rates
Worth a punt IMO as price is cheap and pays a 5% dividend
Looking to invest here. Anybody got a head's up what's happening? Thanks in advance.
Just shows the lack of confidence in the markets at present. This is Ibstock, maker of bricks, etc. Well run and and one of my favourite companies. Has consistently increased turnover and profit beyond pre-covid levels.. Pays a 5% plus dividend. Yet share price remains 30 per cent down on pre-covid ?
Ibstock presentations are a treat.
Fair enough. Lots to like in this one, especially the reducing debt pile, IMO.
Although i am nicely in profit i am happy to hold for 2-3 years as most recessions are followed by an increase in the building sector.
the divi makes this a comfortable hold for me.
I like this company and am confident that it will weather the storm ahead.
But IMO this is not the bottom, so I too have taken the opportunity to sell most of my holdings today for a small profit.
In truth, I did not think we would rise on that update, but obviously glad to be wrong.
Probably have left a fair amount on the table for someone else to enjoy, but that is fine :)
It will remain on my watch list though, in case I get the chance to jump back in. A return to the 130's would be extremely tempting - but obviously that day may never come. GLA.
Results, although poor seem to have been well received by the City. I have taken the opportunity to dispose of my holding.
Pile in for the interim and stay in long term for the overall dividends, that's my plan
Agreed Unhooked.
Most metrics are down year on year, but Mr Market nonetheless approves! This may indicate that we really are - finally - at or near the bottom.
Onwards!
That is what I am inclined to think, although given the strength of fairly sustained support we saw around the 150's, IMO it could prove to be a fairly stiff resistance area when the reverse happens. Whenever that might be.
What appeals to me about this one, versus house builders, is that instead of purchasing new homes in this tough environment, repair and restoration work may replace some of the lost income from a sustained slow down or halt to house building. Bricks are essential. New homes less so. Even allowing for the population expansion etc.
But I thought a housing market crash/strong correction was going to happen sooner than now, so held off buying TW near the lows last year. I felt that sentiment was not nearly bearish and hysterical enough on house builders at that time, hence my decision. So my opinion in this area (like so many others) is worth less than a Poundland crystal ball :)