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can't see a reason... frustrating isn't it?
Seems to be bucking the market?
The IHS/CIPS construction purchasing managers index for May rose to 62.4 with housebuilding being the best performing sector. All bodes well for Ibstock Also read this week that Boris is proposing large discounts for first time buyers purchasing new homes.
Good prospects ahead
slow burner this one , but I can wait.
No dividend received yet (HL). Reinvesting in IBST anyway
Dividend received today. Share price holiding up through a difficult week for markets. Marshalls, brick paving and landscape products this week declared encouraging sales increases which together with the booming housing sector boasts well for the future of Ibstock, together with the reopening of our mothballed factories.
exactly my thinking - let's see
Hi speed 1 and 2 spring to mind.,.. a lot of sleepers from London to Birmingham, Manchester and Leeds !!
Thanks Rhinocol, I came in at just under 200 then averaged down with a couple of large chunks as price continued to slide down to under 150, as felt the figures did not stack up and this was materially undervalued. Sold at 241 on the spike and then came back in at 211 and 215. Clearly, there is some profit taking on the AGM/news but, likewise, expect this to continue its steady climb. Seems a solid performer with management making sound decisions that will see considerable returns for longer term holders - especially if UK Gov decides to splash out on any infrastructure projects (thinking rail - as Ibstock make the concrete sleepers) to get economy up a gear.
I have felt this could go well for a while. With the continuing demand for housing and the reopening of our mothballed factories I think it will only be a matter of time before it returns to the 300 level. We negotiated the covid lockdowns well and the resumtion of the dividend (albeit at reduced level) all augurs well in my opinion. I got in at close to the bottom of 156 and I am happy to hold at this time
We have good positive momentum - my target has been about 270, but now thinking with this demand, we could eventually reach new all time highs. This peaked at well over 300 end of 2019, does anyone think we could reach these levels again?
UBS raises Ibstock to 255
A nice positive RNS.
Agree with comments below ; the AGM on Thursday may offer further updates. Confident this stock will continue rising
Not heard much news recently, growth above expectation in US is positive, the only negative here is that banks are saying they won't apply Sunak's new 5% deposit scheme to new build properties.
The steady growth in SP is pleasing - not like the sharp rise last time, so less likely to pull back. Can see this reaching year high soon.
I topped up on Weds too. Forterra has just got back to its YTD high, it would be nice to see Ibstock follow suit.
I've joined you. Just re-entered at 2.15.
yes - there does tend to be new money invested post tax year end, and this will affect the smaller AIM and ftse 350 shares more than blue chip.
but more importantly is timing entry on other news.
I was expecting a pull back here after a pleasant rise and having sold at 240. Tried to buy back in sub-212. Managed to get half back just under this figure but the price immediately rose and have waited several days now to buy back the second half of my original investment. I have relented this morning and bought at 215, as I think this correction has now run its course and we are unlikely to go down to this level again IMO.
Bojo quoted this week as wanting to see 300k house built per annum and I suspect they will also want infrastructure projects as part of their ‘not-London’ recovery agenda including rail (Ibstock make the concrete sleepers etc.), so I believe this is a good long term recovery stock to hold as part of your portfolio and the earlier you get in the more you will make.
Sorry, new to this and learning.
Would I be daft not to have all my ISA money invested before April 6th? As far as i can see, most of the shares I'm in tend to have a history of climbing the days after, which sort of makes sense.
Saw plenty of pallets of Ibstock bricks at my local Parker's building merchants :)
... ****ty day?
Hillfog ,agree with you. When you look at most shares over the past 12 months they seem high, and you can feel you missed the boat however a view over 3/5 years + gives a better picture. I got in at 1.57 and considered selling yesterday but I feel this could go a lot further, certainly £3 so I'll hold for the long term
"As Ibstock hits a yearly high, is it too late to buy shares?" https://www.stockopedia.com/articles/as-ibstock-hits-a-yearly-high-is-it-too-late-to-buy-shares-197599/