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Looks like the whole pandemic panic is setting in again..... back to March levels ?? Hopefully not, this was not a bad update and my dear wife tells me the construction industry will be exempt from covid shutdowns
Seems to be something going on with LSE whereby good results/trading updates are met immediately with a drop in SP. Recently that has happened with Tesco, Softcat and now Ibstock. Dodgy as f*ck!
Redicous this drop...anyone would think the trading statement was bad...
God trading compared to others that have seen share prices go up!!
Sorry I posted yesterday , must have put the finger on them , drop today is stupid.
Yes , they are back to 90% of pre-covid levels and expecting end of year earnings to reach £50m - rather than dividends they want to deleverage and bring down debt slightly. Not sure why this has dropped on this news - what was the market expecting?
excellent trading update ...I read into that they just stopped short of returning the divi..... expect a continued steady rise .....every city is a building site atm....you only have to look around...
Liverpool is one big building site , I just hope they are buying our bricks. Restarting one of our brick works is encouraging news , long may it last. But with our death rates rising so fast we are still in very worrying times .
Good news and good spot pappalazz !!
200 would be a good start, it was 322 prior to the pandemic. With builders being busy I'm keeping my fingers crossed. I got in some months ago at 157 so I'm happy to wait for the long haul
Solid gains again today. I think this bodes well for next weeks trading update. With some positive news this could push back up to 200p level.
IMHO
Yes it’s been gradually rising over last month. Bucked the ftse trend today which dropped nearly 2%. Promising for tomorrow if ftse bounces back.
Ibstock has rised over 17% in the last month, this isn't just a today rise.
Good rise today, I wonder what caused it, positive news hopefully
Trading update due next Wednesday 28th. Hoping for positive news.
I'm about break even now after recent rise back up over recent weeks.
Any gut feelings as to how it will go next week?
sorry - that was meant for the Saga board
Forward looking bookings as we know are positive. The company has two spanking new ships which customers can't wait to board.
Vaccines are unlikely to be the solution, but PCR tests are becoming quicker and easier to use without loosing accuracy. They are also becoming more mobile too (see Novacyt- Primerdesign for example).
The government have been slow to act on airports and other travel, making up all sorts of excuses, when in reality they were concerned about testing capacity. This will right itself in the new year as test companies upscale and sort supply issues. They have already made phenomenal increases from zero to millions, but we need more. International norms for travel testing will be in place by the spring, hopefully, and the pent up demand can then be satisfied.
SP will not linger at this level for long we de Haan at the helm. We have enough cash to see us through all this, even if there are further delays (but I cannot see them stopping cruises into the summer), and the insurance arm (80% of the business) is already profitable.
https://www.travelandleisure.com/cruises/cruises-mandatory-covid-tests?utm_campaign=travelandleisure_travelandleisure&utm_content=link&utm_medium=social&utm_source=facebook.com&utm_term=5f88aab8ce5c4700017f67c2&fbclid=IwAR1Fg27tGyMV2NoyDt7LYFacnTo0duh7pOSk3mpW4vMSfomfBIbzT9_CcoQ
GLA DYOR SP £2.50 Spring 2021 then onwards and upwards
Talk of one today
I agree, Compass, it has to shift at some point.
With the end of year results not due until January, we could do with an RNS trading update similar to the one in June, just to let us know where we are considering the extraordinary circumstances. We would then see a bit if a rerate if my thinking is correct.
At some point this will break out of the 145-155 range and when it does it will happen fast, as a lot of people allude to "buildings going up everywhere"
It was sunny here in Norfolk, so I've been out and about a bit this weekend. Wherever I seem to drive, there seem to be endless housing developments springing up on what I would have thought was previously green belt (clearly making room for all those Londoners that don't want to live in the city anymore!). No end of bricks being used.
Agreed. The debt is hardly news
I think Ibstock's debt has got to already be priced in, hence such a bargain. Hoping for a similar rise here on next trading update.
FORT are a leaner outfit and not over stretched with debt like Ibstock are in at the moment.
Read positive RNS from Fort, Fort currently 12% up