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There was a little write up on IBST in the Sunday Times today. Won't do the SP any harm.
HillSeeker - indeed I am delighted. Goolang, although the lockdown restrictions are lifting, the effects of Staamp Duty Land Tax returning will be evidenced with fewer completions over the next 3 months. Slowdown in new build starts will not prevent the part built houses from being finished to first fix status or homeowners planning alterations to existing dwellings.
Think it is because the lockdown is easing further.
@Alas_Smith
you'll be pleased with the nice steady rise today then! Over 6%, not sure if this is on any news?
FWIW, I have sold up all my investments in housebu8ilders but have kept my shares in Ibstock. With a return of Stamp Duty Land Tax and at punitive rates, I could not see any advantage in retaining housebuilders, there is, though a compelling case for brick makers!
Went x dividend on the 12 August with our 2.5p due on 17th september
Happy with these results. Expectations are positive. SP should do well into 2022, back to 300+ pre-covid levels. Ibstock makes bricks and the UK needs houses.
Yes , the RNS looks good. Almost back to the pre covid levels. The share price then touched 325p so plenty of oppurtunity to climb back
I'm not the best at reading the RNS's, but this looks pretty good and the future looks promising too as far as i can see.
04 August 2021 Announcement of Half Year Results for the 6 months ended 30 June 2021
A sudden near 10p rise - anyone any news?
Inflationary pressures and raw material availability are the issues here. Demand might be high but raw material costs for production have soared for everything from cement and aggregates to plastic strapping and pallets (the list is endless).
If these increases have not been passed into the market in full then profitability will be poor.
A good lift late in the day but still cheap at this point. JP Morgan raises price to 230 today
I live for the day Forterra holders say 'I wish I was in IBSTOCK', but that's not looking likely today. Our day will come!
thanks, rhinocol - seems subdued for no particular reason when this one should be making steady headway if not flying
Th e whole market seems to be in retreat at the moment........ go away in May come back on ST Ledger day maybe
I'm not sure why the SP continues to procrastinate. This is a sound, sensible medium to long-term investment.
https://www.proactiveinvestors.co.uk/companies/news/947356/ibstock-to-treble-brick-capacity-as-housing-demand-soars-947356.html
Since the above news I have only had positive vibes abut building. In Norfolk properties are going up everywhere and the main issue here (and repeated by a property friend of in Gloucestershire) is the shortage of supplies and continuously rising prices of building materials.
This is definitely going only one way in the long term - it puzzles me as to why the continual small retraces/drops. This was 240 not that long ago. Have I missed anything?
Motley Fool:
https://uk.finance.yahoo.com/news/why-ibstock-shares-may-great-124236723.html
What makes you think this Cereus ?, The price has disappointingly fallen back recently but I believe it will pick up with the surge in construction and the opening of the mothballed factories. I did top up at 214 (that's why it dropped back to 212)
Could be an offer waiting in the wings. Share price too low for the assets and potential.
I made a 5% gain.
Actually, IBST is up 15% on a year ago. Not bad even if you consider the recent retrace.
So after making a pathetic 5% gain over the past 12 months, I am now exactly back at the same point I entered at.. not even considering the fees..
So close to pulling out... that's what she said...
This is nuts
...