Ibstock Share Chat (IBST)

With brick manufacturer's/construction shares, we seem in a worse position now than we were in the recession. What's happening?

Just getting a feeling this is going to pull back ?

This has held up well and suprised me. A good defensive stock at the moment.

LWHL, you're bang on with what you say. Couldn't agree with you more. Good to communicate with you mate . All the best.

Have to agree with you again. You could argue that this has been the case since the first round of QE back around the GFC.

The markets should have been left alone IMO, but we are where we are.

And now, like the proverbial druggie, we are hooked on cheap credit/stimulus and state intervention, and suffering increasing levels of withdrawal.

I simply cannot see how all the expanding global debt (and the increasing cost of simply servicing it) cannot lead to a messy end. But when is the quadrillion question we would all like to know of course!

Anyway, enough of a de-rail from me now I think, although pleasant to communicate with you Gingy. GLA.

LWHL, you just can't call it. I do feel at the moment it's not so much investing as gambling.

Oh, 100% agree with you mate, but time will tell.

Markets just feel like they are in a calm before a storm at the time of print IMO.

Watching the VIX with some interest, to see if it will revisit the recent high in the coming weeks (then will it break higher, or form a double top?) - or a panic over scenario, when it drops below 20 again.

Always a bit of a challenge to try and push back against one's own natural bias on this stuff, I find.

LWHL, personally I think it's going to take a lot more than shaving a few percent off interest rates to kick start the economy, and a lot of hot air about building more houses from the government.

Still far too frothy, IMO Gingy. But this seems to be one of the fairly rare examples of a UK company that is not seeing price discovery to the downside, let alone an overshoot, as often happens at the same time.

I guess you have enough loyal/sticky shareholders. And that is fair enough too. Happy for holders, even if I am somewhat puzzled. GLA.

Close £1.70?

How was this not down significantly on that update?!

Update was not a surprise to me at all, based on all the macro stuff that I banged on about the last few times I posted here...but unlike most, this one does not seem to get punished for such dreadful changes to fundamentals, lol.

Well done to those who took bigger profits here than I did in the past - and who knows? Maybe those of you still here are going to enjoy a further run up in the price, entirely against all logic IMO.

Longer term, can still see the bullish thesis. That remains the same as before for me, but the market really does not tend to be that far forward looking. Hey ho.

Still on my radar, but could well be one of those that remains out of reach for me now. GLA.

That was an unexpected finish of £1.70. What happened there?

"Uncle_Doug

Posts: 2,924

Price: 192.00

No Opinion

RE: Price rise12 Jul 2024 17:58

Some decent buys late on today. SP approaching 200. Come on!"

Well that went well. Inverse market correlation in action once more.

Gingy, That was my thoughts also. Took advantage of the 10p increase and sold the last of my holding this morning. I'm sure they will eventually come good but it looks a while off yet. Will buy back if they fall to the 150/55 level. good luck to all LTH.

Yeah was surprised by 5% increase, not complaining though! I guess a lot of it is driven by the momentum of housing planning laws being relaxed and labour gov housing pledges, also new brick slip lines are coming into the equation soon! Interest rates are predicted for multiple cuts in the next 18 months also.

How on earth has this gone up on such a dismal report?

Dismal performance - what are they doing ?

need a management clearout IMO

Look a bit muted but in line. Looks like they're guiding for a subdued H2 as well so they might dip today. Leverage a bit higher at 2x as well.

Still, looks to be good long term.

Yup ... i missed being in this one. If it gets into the high 150's I'm back.

Keeping my powder dry for Wednesday. Got a feeling this will drop, so a good time to top up.

Investors holding back, poised for the pulldown in line with Forterra. I will be adding more.

Does anyone else have that feeling that this is going to pull back in line with Forterra, come interim results?

Half year results published in a week, market conditions unlikely to have changed from trading update. Hopefully they have managed lower demand with cost savings/ reductions in output costs etc. Here's to hoping the dividend doesn't get slashed! Share price has held up nicely since recent rise, also coin toss chance of interest rates being dropped tomorrow. Still long term hold here, will add when funds available GLA

Is this going to follow suit with Forterra and drop off a cliff with August figures?

Blackrock now hold a little over 10% in terms of voting rights, having added another 2.5%. Holding is a mixture of shares (7.3%) and some other instrument.

I don’t see (but I may have missed something…) any particular reason that this increase would be driven by index-related changes or inflows. Therefore it is possible that this is true discretionary buying by a Blackrock actively managed fund (or funds). We may get a little more info when fund annual/interim reports are released.

Interesting development if it is buying by an active fund…