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Steady progress and a divi to boot. Peel hunt upgrades to buy with a 265 price tag
Been a nice rise since 160 - possibly some way to go, but decided to take my profit today before any substantial pull back - appreciate it may not happen but think others will also be taking profit at this level. Will be back in if it drops 10-15%
GLA
@rhinocol
you still disappointed? This is a nice and steady climber - the budget in terms of stamp duty and mortgage support was good news for this share too
Disappointing to see the price drop over the last couple of days. However expect this is a normalisation after all the hype throughout the whole stock market on Monday
Ive laid many thousands of bricks mainly english and German but never heard of chinese bricks. The idea of transporting summat so relatively cheap bulky and heavy such a distance imo wouldnt make economic sense. A pack say 500 at £250. Time youve landed em and delivered em to merchants and then site they would have to be incredibly cheap at source. Mind you if Amazon Prime can provide free delivery in 24hrs them maybe a chance. But if owt like everything else from Amazon (China) I would nt plan on living in your new house for too long !! Apart from this bleedin virus - that seems to be lasting ok
In all my years at sea, I have never seen bricks transported in a bulk carrier..
I might be wrong of course but never seen it..
Break the 230 lol
Brick by brick - the SP seems to be building nicely...
Lot of bricks used to come in from China to the UK. I think the shipping capacity has been severely reduced which may cause supply issues. If Ibstock not yet at full capacity that has to be good news surely?
.. of breaking even at this rate ;)
Definitely is, pappalazz. But we're all here just watching and waiting.
I don't think Sunak is going to extend the stamp duty holiday but, hopefully, he will be making announcements in due course regarding infrastructure projects to kick start the economy once we are out of this lockdown.
This is probably one of my safest recovery bets - not expecting a multi-bagger here, but 25% to 50% would be nice
GLA
agree - but we're all here just watching and waiting, seems to be slowly inching up as confidence returns
This is probably one of my safest bets - not looking for a multi-bagger here, but 25% to 50% would be nice
Hopefully, Sunak will make some announcements ref infrastructure projects in due course to kick start (I don think we're going to get an extension to stamp duty holiday) that may take us toward the upper end of my expected range.
... this is defo the quietest forum in my share portfolio!!
Sure none of you lot want to buy some bricks??
One day I'll make a profit here ;)
Not worried long term - she'll come good!
A drop today but everything in my portfolio (some 12 different companies) also took a dive - Ibstock was no where near the biggest drop!
Don't panic!
Great result for all the LTH's, I'm almost breaking even! This is long overdue!
Long may it continue!
Good fundamentals and good corresponding share price rise today. Think what it will do if a divi is reinstated in due course
BUZZ – Ibstock: Top of FTSE 250 after lifting outlook on housing demand
09:22
* Shares of bricks and concrete producer rise as much as 7.4% to 211.40p after co bumps profit outlook; biggest gainer on Britain's mid-cap index
* Says expects to report 2020 adjusted EBITDA modestly above previous guidance of 50 mln stg ($69 mln)
* Says activity in Q4 benefited from better-than-expected demand in both new build housing and the Repairs, Maintenance and Improvement (RMI) markets
* Sees FY revenue of around 315 mln stg, down by 23% compared with 2019, with H2 recording smaller drop of roughly 10% y-o-y
Forterra trading update mentioned reinstating divi, share price flys. As was the situation with
Tw and Barratt. The divi attracts funds, different investors. We are here to make money, well I am.
They have created uncertainty thus we will probably retrace below £2. It’s not on and been glossed over. We should be trading in the £2.30 region giving us some comfort for any down turn
on help to buy.
Do I’ll say it again it’s disappointing
It would be bad form to pay dividends to shareholders whilst still retaining taxpayer funds.
Good positive update.
Why do you say they won't reinstate the dividend, wouldn't that come if the FY Results, this was a trading announcement.
hmm that was a fantastic update...profit this year will be above £50m expectations and they managed cash much better than expected with net debt falling to £70m from £103m 6 months ago. net debt is lower than this time last year before the pandemic
They may still do a dividend when final results announced if trading and cashflow continues to do well
Not sure why they'd pay the £7m back to HMRC any earlier than they had to...? Reinstatement of dividend would have been nice but hopefully they'll use the cash wisely...
No divi reinstatement so not good for share price in the near term . Forterra reinstating theirs thus
under pinning the share price. And why repay the 7 mil back to the government , let em wait.
Disappointed.
This update augurs well for Thursday
https://www.insidermedia.com/news/midlands/profits-increase-significantly-at-building-products-supplier