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Hi Sneedway, that news sounds encouraging, thank you for posting that. It's good to see some green shoots. I keep adding a few when funds become available. It's wrong not to at these prices. Thank you, have a good weekend.
Https://www.pmi.spglobal.com/Public/Home/PressRelease/12901bc3ebe74e888a7e6fa91e15ad9c
PMI at 50.2 meaning a very humble expansion. Encouragingly the trend of housebuilding activity is trending to a rise above 50 as well. Early days for sector recovery still.
All the right sounds. Inflation down, next thing is interest rates dropping. Hopefully we will then see a boom in the housing market. Ibstock at this price is a steal. Loading up for a push north. Chart's look strong, don't miss out.
Still only a third of their shorts this time last year. Probably no big deal, just a shifting of some resources.
Hi NalaKapala1. Not a good sign mw have increased their shorts. They probably have a better understanding of where this is going than us mere mortals.
Just noticed MW have increased their short since results.
I reckon the route is pretty clear. We are at the moment no worse off really than we have been for the rest of this year and the second half of last year. (sp wise). Anybody who was expecting anything much above the update that we got was touting at windmills. We all know what a mess the country is in let alone the housing market and nowt much is going to change until interest rates fall and the housing market picks up which is unlikely to be this year. I listened to the pod cast the other day (for which I always wear my bulls*it filters and deflectors) and to be honest there were a lot of positives to look forward to. I honestly think they are pro active and in a great position to take advantage of the upturn - its just how long that will be and whether my money could be better used elsewhere in the meantime. I did sell quite a lot on the confirmation (rather than news) of the fall in dividend as I think this will deter investors as at the moment dividend hunters seem to be the vogue. and Im in that group. Im not sure that it was the right thing as like you Gingy Im not sure how much the fall back will be and perhaps more importantly whether the sp will start to tick up on anticipation. Once cut though the divi is most unlikely to be restored for some years and thats the big negative for me. I could repurchase and have my previous holding at quite some discount which also appeals.
Thats my musings anyway. Always appreciate those of others - its what the boards are for I guess
Sometimes a little bit of issuance - for employee share plans, or old warrants, whatever - changes the denominator and anyone sitting spot on a notification threshold ends up having to issue a TR1 even though their holding hasn’t changed.
Would like to add more but not sure where we're going at the moment. Looking like a pull back . Don't know how much lower.
I have seen them do this with a few other shares - up and down by similar, small percentage amounts that require TR-1 notifications.
The very first time I noticed it, I thought they were starting to build a proper position in that stock. Then I was puzzled when, a short time later, it reversed back again in another TR-1. So I would pay no heed to it, but watch and see if they do similarly here in the weeks ahead. GLA.
Is it just me or does anyone else find these like platting fog?
Interesting development.
Looks like Blackrock have deliberately targeted the 5% level which creates a disclosure obligation for them, hence this RNS. They could easily have stopped at 4.99% and stayed under the radar. That they didn’t suggests they are looking to make the wind blow, as someone once put it (in a film)…
Large amount of the upward momentum in IBST pins on interest rates reducing, current high rates coupled with high house prices makes it very difficult for first time buyers to get on the ladder. Although it seems everywhere I look they're still building new developments.
Not looking like there's much appetite for building material stock at the moment, until we see the green shoots with the economy. Can't see that happening this year
Earnings in line with guidance. It's a good enough FY.
But activity continued to be subdued and no pick up in Q4 in activity. House prices have started doing well again but it's all just because of massive migration numbers/lack of supply. They need to signal an activity pick up to really drive upwards. Conversely, there is a chance to head back downwards if things get worse in 2024/inflation stalls or elevates again.
Sure, but ex div is not until 9th May. That is practically a lifetime away, in stock market terms.
Short term, you want to see how it reacts to a test of the 200 DMA. If you do not get a little bounce which holds there, then it could move quite quickly to the mid 130's IMO. Will take a view for a possible technical trade if we get there.
What the institutions do is all that matters here though really. And this is of no relevance to LTH strategy either. GLA.
Expecting a drop when we go ex dividend. I think people will be putting their money elsewhere for more return and less of a risk, until things pick up.
It held up better than I expected it to, although equally, this one often needs a few days to tell you what the market thinks.
Somewhat disappointing not to see some inside buying today; perhaps tomorrow.
Even then, I would be unlikely to change my target return price, but if the BOD are not buying at these prices, why should anyone else, is what I tend to think in these circumstances.
To be clear, I remain a fan of this outfit. I do not see anything that is cause for extreme concern in this update, but equally, I do see further pain ahead, hence my position at the time of print.
GLA. Firmly on my watch list, but no more, for now.
Very disappointed with trading update. Can't see us at this price for long. Looking to add on the drop back down. Ok for a long holding when things turn around, hopefully in the next year or so.
"Resilient trading in challenging times is exec speak for we’re doing c.rap."
Pretty much exactly what XPP execs were saying for months prior to their precipitous collapse in September-October. It wouldn't surprise me if IBST was in the same boat.
With the trading update, I can see this pulling back to the 1.30s in next few weeks. Not looking good.
This is a profit warning as I read it so I expect SP to fall back today. Resilient trading in challenging times is exec speak for we’re doing c.rap.
My opinion of the company remains unchanged, but I would want to see the SP back to the 130's to be laddering back in right now, personally.
They were within guidance, but I can see the subdued activity continuing throughout 2024, not just the early part. If this comes to pass, then that would IMO be a better price point.
Anyway, this one does not always react as you would expect it to. Not long to see what the market makes of it. GLA.
So….. Holders will receive a final dividend, albeit one reduced by 20% in line with the company calls “adjusted earnings”. Looks like a reasonable outcome to me, with the worst fears of some commentators not being realised.
Thanks mate. From a selfish perspective, I am hoping for a chance to return quickly :)
Big fan of this company, but not of this economic climate! GLA.