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.
Currently Ibstock is outperforming most of the risers on this morning's opening of 3.5%, very surprising how little most stocks have moved on news of a Brexit deal..
Ibstock down almost 1% on Frankfurt trade today, most others are up 7-8%
This is getting ridiculous now, hope LSE doesn't follow suit..
Hi all holders. Belated Happy Christmas, and an early New Year.
Any idea what the issues with this share are with the market? It was on a nice steady rise then a drop. My nephew works at their main office and cant hep either (and he would, so long as not breaking any laws). I want to double my holding over next 3 months but searching for something to back up my gut feeling to do so. Conversely cant find a good reason not too.
big drop last minute.Reason ??
What's happening here ? Since Monday everything else appears to have recovered but we're going backwards !!
What's happening here ? Seems since the drop on Monday it's gone backwards where everything else seems to have recovered
Yep, the company is solid and the new Leicestershire factory is sound - they said at the time that part of the purpose in ramping up capacity was to displace imports, and this was when a deal was almost taken for granted on Brexit. I expect they'll be back on the dividend list in the next 6/12.
Steady progress, remember this was 322p before covid. Weather at the moment holding well for the building industry (fingers crossed) so hopefully it can continue moving upwards. Just wish I'd bought more when down in the 150 region
Even if we end up with no deal Brexit - surely this may benefit Ibstock with tariffs on cheap imported French bricks and other building materials making them less viable?
Whilst my previous post was somewhat optimistic back then, seems like there is now a chance for a Brexit deal opening up with regards to today's news! Construction firm shares also on the up, hopefully Ibstock to follow suit, but some steady consistent gains last few days.
GLA
Hopefully a good few weeks ahead of us, with a successful deal on Brexit looming (I voted stay), vaccine distribution imminent and the new builds popping up everywhere (Would never buy a new build and I loathe what they are doing to greenfield sites). Don't see why this shall not be back to its former glory mid next year. It's been a well run company that has not struggled too much through the pandemic. I feel the fear factor had the biggest dents to the share price, on paper it should have been more resilient IMO.
Here's to the next few weeks and months!
GLA
pappalazz, this'll come good. Boris needs to throw money at building to get the economy moving. 250 again within 6/12.
Still 1k down for me, this has been a god awful share, took a beating more than most and very slow to recover. I'm a LTH but not out of choice ;)
It is. Building sites are working again, have been for months, and IBST also stand to gain from infrastructure work that Sunak plans to spend on. Construction firms in the UK likely to have a very good 2021-22.
Back in profit now (just). Hopefully this share will gain some momentum now.
Still seems a good business
Stop losses don't just apply to AIM.
They have their uses, but at a risk. I never use them, but if I was going to I would pay for a guaranteed stop loss.
Yes - stop orders can be dangerous when great news comes out. And so can stop losses - on the Novacyt board, no end of people have reported being taken out this way only to get back from work to see the SP has recovered and their shares have been sold at a ridiculously low price - but that's AIM!
GLA
The drop was overdone. I'm still kicking myself for putting a sell order on for 10k at 165p when I bought at 152p. Thought i'd get a quick profit, which I did, £700 odd , then use it for something else. Pfizer vaccine news blasted through my order and was at work so didn't have time to take order off. Could have made so so much more but profit is profit and my other half is closer to getting her money back at 240p, so can't grumble. There's some money to be made out there at the moment, good luck all.
Obviously, the CFO putting in 30k of his own money has helped sentiment.
I still think there is a long way to go though before it's back where it should be.
Build, build, build!
It's very quiet on this board considering the recent rise!
- I thought I should change the thread title as we've been seeing such a pleasant recovery. Slow and steady too, which is a good sign IMO.
House building feels like a good place to invest at the moment. I see active building sites over Suffolk. I thought i read we could not keep up with demand.
At least it's come up from the 145/6 when it crashed. Feel this will be a slow steady plodder for a few months like it was in the summer
Starting to realise the stock market clearly doesnt like this share, hardly moving. Whats everyone else think?
Plus, their target price is over 10% higher than the current SP. We'll always need bricks and concrete at least for the foreseeable future. Ibstock is well placed to privide them. This sp is a good buy.