Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I would assume we return to profit. Also if we don’t start the divi it’s fair to say that the share price
will probably be marked down in the short term . I will just average down if this happens. A large American fund owns a large stake here, so I wouldn’t be bothered with any decrease in share price in the near term. We may be subject to a bid who knows ! The builders have all had decent moves , so I think it’s fair to say our time will come.
Thursday morning.
Shall we hope not just for a return to profits but also, as with the housebuilders, the reinstatement of dividends?
I just purchased £15k BAE and £5k of BPC from the sale of my AA shares after the corporate action shenanigans. I don't like having all my holdings in the same area so didn't want to add to IBST as already have £10k here and running at a 25% loss on this. I'm sure it will return to the former value by the end of the year and make hefty gains in the next few months. Not worried about it in the slightest.My money in Capita has suffered a similar fate!LTH no concerns with either.BPC is a gamble though, all depends on the results of this drill ship drilling an exploratory well. I figure you spend millions on that sort of venture you have good reasoning to back it up! Potential for multi bag if successful, else doom!!
The only reason I can see a drop in price is due to the US stimulus package being less that the 3 Trillion punted buy the pundits and as IBST has segments in the UK and the US that has cause a pull back, However, my personal opinion is that a further 1 - 2 trillion stimulus will be within the year and someone will be blamed for that need due to the handling of the virus. Already holding and looking to buy more next week.. Also have FORT
Initially, someone had recommended it and I did a little research, seems fairly solid and I thought with the rise in new builds etc, should be fairly bomb proof :)
So sunk 10k in, just unfortunate it was at 215.
Quite happy to hold until the former glory returns. Wouldn't think it would be more than the end of the year approaching close to that. I'm happy with that
Why did you buy in ?
Think I'll get something on Friday, shares seem to go down end of work as people off load..
Yeah Ibstock is my worst performer - mainly as I bought a while back, but really can't see why it is. Should be a resilient share..
Hi PPZ - wouldn't normally share as fraught with danger. I've had a good run with Reach (RCH.L), particularly last few days and I reckon plenty of mileage left in GGP.L. All IMHO and of course DYOR before spending even 1p
Back to Ibstock; cannot understand why there isn't a small steady rise in this share - was expecting it to fly.
Anyone got any secret gems they're holding?
Looking for a new investment, ideally a multi bagger haha! ;)
Not selling this Ibstock though for a while as I'm determined to make 50% at least here !!
Lots of buys over the weekend, expect to open on the rise..
@ pappalazz - well done and good luck- that sounds more promising!
Thanks Hillseeker,I've filed for £2k in compensation. £20 for every hour on the phone to them which is about 15 hrs which is all logged and also 10% of the share value.The latest lie was that they could not transfer the shares as there is a corporate action against them. This is not true, although there is corporate action involved it does not affect my ability to buy, sell or transfer between providers. This has now been acknowledged by a supervisor at Fidelity who gave me his word the transfer would go through by end of day after having strong words with Fidelity transfer team. I'm now waiting for confirmation.I have been assigned a single.point of contact for my compensation claim who will contact me shortly.Myself and my financial advisor feel it is a conservative claim and I have every right to this through lack of opportunities this delay has had.For the past month the whole account has been frozen too.I have countless email trails of internal comms of lies, bickering and negligence, not to mention call logs and email trails on an almost daily basis from myself.I will never touch fidelity again - on a side note their platform is so bad also!!Anyway thanks for listening to me dribble!Let's hope Ibstock double in the next week hahaha ;)
@pappalazz
it's taken me moths to transfer from an old ISA FTSE tracker I had with Halifax (now owned by HBOS) to my Barclays Smart Investor ISA. As you say, just a simple form to fill in, but I too was making no progress. I put in a formal complaint (no paperwork - just phoned and said I wanted to make a formal complaint about the delay) and Barclays upheld my complaint - they put £250 in my account and sent me a hamper! Now their top customer service guy is ensuring it goes through smoothly. If they hadn't acted, the ombudsman would have been on their case.
PS - I think this share is a slow and steady burn. Looking forward to end of year results for the next leg up.
Good luck all
Nala thanks, it was far from easy I'm afraid. Two incompetent transfer teams to communicate with through third party helpdesk personnel.
No fees, you are correct. There was a single form to fill out for the transfer - alas that is too complicated for them.
To be fair it's mainly Fidelitys fault..
Anyway old news now, and I still haven't got my transfer...
Transferring your isa is as simple as any other banking transaction. Just check that no charges are applied. They arent usually
but there's always some snake- but it would work against them. I wouldnt transfer my isa to anyone who charged fees to move in future
I don't like Motley Fool or Yahoo Finance, the article does t reveal anything either but it's nice it's on the radar
"#3: Another fortune-builder
I already own Ibstock in my Stocks and Shares ISA. But I’m thinking of increasing my holdings in 2021, given the bright outlook for housebuilding in this country. The government needs to create 300,000 new homes a year by the middle of the decade to meet the Britain’s housing requirements. And this UK share, with its wide network of brick manufacturing plants and catalogue of over 450-plus product types, is well-placed to capitalise on this phenomenon.
Things haven’t been easy for Ibstock this year as Covid-19-related construction site shutdowns has hit brick demands. But volumes are back in recovery and margins are rising at a ripping rate as well, giving it strong momentum moving into 2021. This is a UK share I plan to hold for the next 10 years and possibly beyond."
so if I had 2 years full ISA it would just say 40k up or down.
No distinguishing on the years.
Correct yes, and only one set of ISA fees, sounds like hard work to transfer, but like you say worth it to have in all one place, and only one set of fees
Happy New Year
Hi softcell, thanks - ok makes sense, so if I had 2 years full ISA it would just say 40k up or down.
No distinguishing on the years.
For the record - transfering ISA from Fidelity to IG was (is!) A major pain in the butt!
Both transfer teams are completely useless!
10 one hour phone calls, 12 emails - acting as go between for transfer departments whom I can't have direct contact with and clearly don't communicate with each other and insist on blaming each other. Wish I hadn't have bothered haha
Still nice to have all my portfolio in the same place when it happens.
Thanks folks
pappalazz
If you are transfering another stocks n shares ISA to add to your IG stocks and shares ISA, it will just add the funds and shares to your IG Isa, so if you had 10k in and then transfered 10K in it would just show as 20k , it will not show separate years its like Nala said its like a normal account, not sure what the IG Isa shows as I use AJ Bell and that gives you a total of the amount you can deposit each year up to 20k as it is now.
Hope that helps
Thanks - but it doesn't tell me.. that's where my concern is, do you have multiple IG ISAs? Or are you generalising?
Your isa is like any other savings account. It gives you a total of stock value and cash value. If you want to know when it was paid in and who or where from it will tell you just like any account.
Question about my ISA account on IG, if I have more than one years ISA on IG is it seperated in the ISA account section? Or does each year of ISA open up a new account and therefore subsequent fees?
The reason I ask is I'm transfering a previous years ISA to IG from Fidelity and the cash element has gone over into the ISA account (still waiting for the shares to come over). But there is no distinction it is a separate years ISA.
It all just comes under the account ISA, even though there are now two separate years of ISA in there.. is this normal or a mistake they have made?
Thanks and Happy New Year!!
Never thought Ibstock would be outperforming the vast majority of my portfolio :)
Long overdue - agreed!
Almost at breakeven.. almost hahaha
I think the fall last week was down to a large seller getting out - that’s my read of the level 2 fills.
Company just been recommended by ii as top 5 shares for 2021.
So should be good support at this level now.
Pappalazz ibstock long overdue this rise as it had dropped for a couple of weeks while forterra rised. More debt than forterra but still. Brexit increase subdued I guess because of Christmas. Still see it rising further to catch up.