Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not just JP Morgan. Six analysts have rated this stock with either hold or buy - target price above 240 on average:
"Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 245.83 ($3.21)."
Full article here:
https://etfdailynews.com/news/ibstock-lonibst-stock-passes-below-50-day-moving-average-of-203-19/
Yep., absolute bargain at this level - if you are looking for short term gain it could still see some downside as the markets tend to over-react to each bit of small news but as a medium to long term investment this is looking v good value.
https://www.***************************/ibstock-plc-17.0-potential-upside-indicated-by-jp-morgan/4121037690
JP Morgan stating on current value should be 17% upside.
Also, I can't remember whether Ibstock hedge the price of gas, but at least one positive of Omicron is a drop in fuel prices. Plus, commodities dropping will lessen the prospect of inflation and the resulting higher interst rates, which could have potentially further dampened sentiment. Every cloud...
Alas-Smith - I can understand your frustration. The fundamentals appear v strong, they have weathered the pandemic well and have a great plan for the future with their drive to go Eco - fitting in with UK Gov policy direction. What's not to like?
The Omicron virus looks to be benign and possibly a blessing in disguise. Epidemiologists have been predicting for some time that a weaker mutation would eventually take over. But even if it is as bad as Delta, this won't close building.
The only negative longer term force is perhaps increased inflation and the resulting interest rates hikes. But, with the shortage of houses, I think building will continue to be strong and more dependent on home grown materials rather than imports. I can easily see this back at 240 in the spring.
Bo77ock7, I am a long term holder of shares and am rather underwater at the moment with my holding in IBST were I to crystalise things today. I have never been very good with my timing of entry but have broad shoulders to weather market movement. My portfolio as a whole has (on paper) grown 16.88% this year despite the drag from Ibstock (and a few others!)
I am also in today, Fingers crossed for continued positive momentum
Construction Enquirer headline
Construction “powers ahead” as supply shortages ease
BO77 I am a LTH of this and topped up today. This mornings rise was on the recent excellent trading statement but the drop this afternoon seems typicall of the overall markets this afternoon. I don't think this is a day trader share looking at the daily trades over the last 12 months. Certainly looks a good long term hold IMO
AM i right in thinking that a large majority only day trade , as any rise in most stocks do no longer hold even on good news?
and so in today.
Couldn't agree more - a truly solid performance and ahead of the curve in terms of futures:
"the Group is targeting technologies, products and solutions aligned to two key trends that will transform our industry over the long term: sustainability and the industrialisation of construction processes
Brick slips = non-combustible, eco-friendly cladding
What's not to like?
Wish I had added more - need to release some funds. This is going only one way over the medium to long term. A solid invest for those happy to wait.
All IMO - please don't take this as investment advice, DYOR
I really like todays RNS, it looks really promising for the future and a great time to be focused on Net Zero Carbon.
Well if anyone is going to add to their holding, now's the time to do it. Vulcan have increased form 7.46% to 8.53%, so wouldn't read too much into that. Sentiment has pushed this down for little reason and anything around £2 has got to be cheap. I bought back in at 199 last week.
The reasons given for the drop to me seem week or unfounded:
HGV issues:
Our kilns are located around the country close to pits, minimising transportation. What's the alternative? Import bricks and concrete products?
Gas prices:
Yes, that has to be a major cost, but surely passed onto the customer. What brick manufacture has an alternative? Plus we are building new factory that is Eco - first net zero bricks to roll of in a couple of years.
Inflation/Downturn:
Again, there could be some stagflation on the horizon, but housing shortage remains plus infrastructure projects (HS2? - Ibs make concrete sleepers) set to continue. Leveling up agenda likely to see other infrastructure and easier access to housing although review of planning has had some hiccups.
I really don't see much downside risk here - may drop as low as 185/190 with winter scare stories but let's see, upside could easily head beyond 350 towards the £4 mark in the year ahead once the covid/flu resurgence wains .
All IMO, DYOR
That looks a bit like a stake being built… What do you all think will happen next, if anything?
Rishi would call me entrepreneurial. I can do more than 1 thing and I know a lot of people and
we all rich.
That never goes down well either
Well, I don't think I have read such utter BS from someone who has the audacity to claim connection as a supplier to housebuilders on the one hand, intricacies of hedge funds on another with acquaintenance of old school stockbrokers for good measure.
Directors are under no obligation to own shares in the company they manage.
I must of done half a dozen posts and I’ve just seen that Blackrock and Jupiter asset
management have a short interest. Blackrock are American and as my gut feeling
that tells me they are probably involved, these guys pick shares with low daily volume
and just push it down . So maybe you might of learnt something after 40 years investing !
Ha
No disrespect but I know a lot of old school stockbrokers and the problem is they have had
their day, and keep going on about the financial markets like yourself, they work on the old city
Ego. Most of them were fine in the 80s but wouldn’t get a job in the city now.
Most of them pay people to manage their money because the game has changed. At the end of the day I’m right as mentioned someone is playing with the share price and pushing it down
and the only way to work out who is doing what is to look at the order book.
Ibstock is also not the sector choice compared to Forterra and if it was that great a company why
has the CEO not stuck his hand in his pocket like the CFO did and coughed up some wonga.
Finlay1, only you can make the decision whether to buy or sell any equity. That you ascribe authority in looking at the order book, charts and patterns and making decisions based on bargains executed in the past then good luck to you. Quite frankly any bargain executed on the LSE is a bargain where the deal is usually published in real time - I really don't care whether it is interpreted by one software platform or another as a buy or a sale - quite unimportant.
What is important is to understand what the company does, how it earns its money and whether future earnings will change for the better or the worse. No matter haow many charts you look at, in the most minute of detail, it really will not give you that information.
So, while I am sure that your comments were intended to be of benefit, I'm afraid that at best was (by me) considered hogwash.
Within a few days, the company will release information in a trading update. The playing field will be level at that time.
If you study the stock market and have the correct platforms to do so you will be able to ascertain where the AT trades came from and that would give you an indication of who is doing what.
I choose not to do that, I just look at the patterns. I’m not here to mud sling and would point out
that my strategy is to allow 3 days once a share as stopped falling to wheather or not I then increase my position. There seems to have been a ew buys yesterday but I’m still not sure
that it presents a clear buying signal
Finlay1, I have been building my portfolio for the last 40 years. Traders in the old days were "blue buttons" - well before "Big Bang". High volume, high frequency dealing has only really been around for a couple of decades but has been adopted by those claiming to be traders through Contracts for Difference and other leveraged instruments. Most, according to the disclaimers on their advertisements, lose money.
A trades (those trades that are consequent on the use of an algorithim) are sometimes used by fund managers running substantial funds. They have an agenda, either to accumulate shares at a lower cost or nil overall cost, reduce holding so as not to disrupt the market or lastly to provide liquidity.
That you are involved in the supply to constructions is of high importance to the debate. But to claim that traders effectively walked the price down (and, by inference, probably up) is pretty ripe! And further that this is through US hedge funds is fanciful.
Finley
I take it you've concluded after due diligence that you are an above average investor. As you are employed within the construction industry is your expertise confined to this sector in general and Ibstock in particular or does your expertise extend to all sectors?
The share price got to 240 stayed there for a few days and gradually lost momentum, sold down each day look at the AT trades if you don’t understand. Traders good ones took the right call and have been selling it down since then, that’s how it works. Long before the gas debacle, they would of looked at impending recession interest rates and inflation .Honestly your average PI is so far behind the curve turning up a few weeks later and trying to work it out, it’s laughable.!
I can’t really be bothered but ill tell you. It’s nothing to do with gas. It’s positions being sold
down and rebought, via hedges under the threshold US ones or existing holders turning shares
looking for liquidity. Honestly, do some research, it’s the same curve as the house builders, it’s year end and traditionally poor, add a bit of uncertainty going forward and it gets put down. I supply housebuilders we are flat out. So either buy some more or sell and put your money in the bank. Shares are not for everyone