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You need to think bigger. Forget Hadrians Wall or Offas Dyke. Great Wall of China!
Two days to interims. Fingers crossed for some positivity!
hmm ... Well my last hope is they will modernise Hadrians wall.
Well it was a good theory ;-)
Absolutely .. would be nice to see some blue next week
Got to be seen as a positive. https://www.bbc.co.uk/news/uk-53625960
Agreed, Taylor Wimpy reported yesterday that they "think" things will get back to normal next year. While pretty lame statements like the above are being announced this sector and stock will always drop with the uncertainty that the next 6 months will bring.
This is a cheap stock, very cheap. Im going to watch and wait for a bottom price and top up.
Said it before, autumn budget will get this stock back to £2. Tories will pump billions into the housing market over the next 5 years and demand will rocket again.
Top up and look forward to the rewards.
I pretty much agree with your saying but I think this stock and sector in generally is having a harder time than most at the moment both Taylor Wimpey and Countryside have been on a overall downwards decline. The demand / order Book is is there we need is a couple days of half decent news and this will be back on the up 180s in no time. This is a great time to top up
I'm based in Birmingham, so had a bit of a drive around (trying to get my youngest to sleep) and visited a few housebuilding developments. They are definitely back up and running. Persimmon, Bovis and Taylor Wimpey were the three developments nearest me. Whether they are at full capacity build, no idea but they are open.
Clearly in a downward run on SP until some news on demand. SP at the level of mid-April. Well, trading at housebuilders has definitely started again, so my logic (albeit not very comprehensive) is that if we are starting to trade again, then should be seeing some uptick in SP soon. Might add a few more shares ahead of 6 August but not expecting any great shakes but hopefully get us back up in the 170s.
I'm not sure about the stock piling pre covid... From what I can gather 90% of ibstock sites closed. If any stock piling occurred then it will be now. Remember although building sites have reopened all major housing developers have placed a temporary ban on purchasing new land.. This is the real reason for the drop in SP. This means the x amount of brick layers and labourers to each house due to social distancing and in no rush to finish the job will be down to bare minimum, which means no demand for the brick.
Happened in 2008 but under different circumstances. Keep an eye on the autum budget, remember it will be the budget to rebuild Britain. The uk needs to build 250k houses per year just to keep up with demand. It's not hit a target for years and that number keeps growing and growing.
@pawnking
I think you are spot on. Like a trailer follows a tractor this will follow builders which have already seen substantial recovery in SP. There does seems to be some stubborn delay though and suspect this is due to having stockpiled materials at the beginning of lock down. Info seems hard to find on this - some anecdotal evidence of this earlier in this chat room.
Last recession the company did the same.. Made what they thought was necessary cut backs, redundancies etc.. As soon as the budget came along the tories threw billions at the housing market, demand rocketed and ibstock reopened the plants. This cabinet will do the same. They will take the 2008 recovery model / austerity and start again. First industry to get back on its feet.. Construction and housing.
Just hold out till the autumn budget and watch it start climbing. Should be at a nice price by next spring. (only thing to worry about really is how long social distancing will be on sites, the quicker the sites get back to normal the better for ibstock).
st new lows?
Personally, I see the medium term position as pretty positive for Ibstock, although short-term challenges. The macro drivers of government infrastructure investment and structural shortage of homes is likely to drive growth, albeit offset by short term economic headwinds from the end of furlough, brexit etc. One for a longer term hold - 20% growth over the next 12 months but will be bobbling around over the next 6 months.
down
Any thoughts to where the SP will end up next week. A big Buy after the close on Friday
also expensive v peers
I also think that news is old and well priced in and then some....most building companies are moving up a lot of there materials are purchased from Ibstock one can not operate without the other so its only a matter of time before we have a correlation with the SPs...GLA
Gf54 - this news announced on 3rd June, so already priced in I reckon
Word from a reliable source is that they are shutting a manufacturing facility and lots of redundancies are imminent. Shame because i had great faith in this share but for now untill this news is public this will retrace in my opinion. I’ll wait till this is public knowledge and then get back in after it’s corrected. Just a heads up for people that might have a lot more in this then I did
We were never going to head straight for £2.50 - £2.70 as I said we will see some volatility but the overall trajectory I feel is still North...GLA
So much for my professional opinion hahaha!
It's a bright sunny morning, so I think it's a good day for a share price rise - in my professional opinion ;)
This is now starting to move up as I thought it might, however "rising tides float all boats" as they say, I was a little surprised at the pull back from circa £2.22 yesterday afternoon but we have to expect some volatility in these markets....I still feel the trajectory is North and that we still have some way to go....still a strong buy for me and can quite easily see £2.50 - £2.70 in the coming weeks with a bit of turbulence on the way there.....GLA
Agreed Compass007. Taking advantage to streamline and for once a board that sacrifices a portion of their salary for the good of the company. Refreshing. Long term this looks bright.
Not a bad RNS given the circumstances ....dont see that the company can do much more...and things will improve, I have added recently well below £2 so feel fairly confident...however I am sure we will have some turbulence withe the SP....its not about NOW its how we can do going forward and Ibstock is a very well run company....