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Now's the time to buy, not in a few months when we're at £2 odd. It's about to find it's true value. The only way is up from these levels.
Having a strategy is vital and sticking to any plans such as buy or sell targets too, IMO.
Although it also reminds me of the famous Mike Tyson quote about everyone having a plan until they get punched in the face :) GLA.
Small article in City wire this am. Chap from Barenberg basically saying that IBST is fancied but until things pick up which wont be before 2025 there are better picks in the building sector in the fitting out area such as Howdens and Polypipe.
Sorry, I meant strategy. Should've tried harder at school!
LWHL. Nice one. Good luck. It's good to have a stratage. Same here, keep adding to the pot .
I agree. Did not add on that update, but nothing in there IMO to encourage me to sell either.
To my eye, the chart looks good right now, although I am only going to add more if we see a wider market correction, which will almost certainly hit this one too. And it might not happen, of course.
120's again on nothing company specific? I am adding. New ATL's and I am going to add more heavily. Not investment advice of course etc.
NalaKapala1. Being a developer myself for many years I've seen this a lot of times. Let's hope things improve in the not to distant future. Lots of developments are starting up in this area of the west Midlands. So far so good.
I like this para
Further declines could be in store this year but thereafter Ibstock's fortunes are expected to recover at pace, with Hudson targeting £600 million of revenues by 2026 and a substantial rebound in profits.
I have faith and have kept building slowly. I reckon/hope this could be the last year to build at the best price. I have a sneaking suspicion that there will be a housing boom in the not too distant. The one that led us out of recession in the 60's was massive.
Https://www.thisismoney.co.uk/money/investing/article-12986301/MIDAS-SHARE-TIPS-Build-returns-investing-bricks-homes-Ibstock.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_gl=1*y42vnt*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwNTc4ODUxOS42MS4xLjE3MDU3ODg1MjAuMC4wLjA.&_ga=2.94657044.923148726.1705784846-829466088.1679172563
You're right when you put it like that. Maybe my expectations were to high with all that's going on. All the best with your investments.
But it's what has been expected. Market took it relatively well given it's trading at £1.40 and moved in line with housebuilders on inflation news. The share is super low for a reason in the first place.
Disappointment implies missing expectations but they haven't.
Revenue down 21%. That doesn't sound good in anybody's estimation.
Why do you think so?
Maintained guidance in a rough environment. SP held up pretty well in the contextual broader drop.
Very disappointed with update. Not looking good.
Any expectations?
FY results are in March. It's interesting they're doing two TUs between the HY and final results. Perhaps a change to guidance either to upside or downside?
Agree with holding your nerve with this one (subject to the obvious caveats!) but do not bank on lower interest rates just yet. If they start dropping them before at least several inflation prints of 2% or very close to, then a second high inflationary wave will follow, IMO. Also think the macro picture remains dreadful, but the stock market will do its own thing for a while yet IMO, so do not conflate the two.
Whether good times or bad, people still need bricks. Hence my own retained position here. Fingers crossed the next update demonstrates this faith has been justified! GLA.
Anyone got any ideas what we can expect this year?
Being in the construction industry myself for over 40 odd years, I'm seeing more positivity with all talks about interest rates stabilising, and maybe dropping. Seen it many times. Keep hold of your shares. We should see sentiment changing in the coming year.
Wasnt yesterday and more people were off !
Thin market today most peeps still of work
Having a red day at the moment. The whole market is. No reason. Had a blue day yesterday so it fancied a red one today. I have always found it strange how market sentiment just ebbs and flows for no reason - just sentiment based on the faintest of breezes
NalaKapala1, don't blame you. Me also. Let's hope for a good year to come. Good luck with your investments. All the best.
I suspect these are more valuable than lottery tickets though I still buy one most Saturdays - you never know. I reckon I will still be doing so when these are about £20 :-)
I look at these as lottery tickets. They're not going to stay at this price for much longer when sentiment changes with interest rates, and the construction industry. Golden tickets....get in while you can. It's the January sales!
I'm optimistic here as well. Mortgage rates are calming down and rate cuts in 2024 are a given despite Bank of England trying to play tough. Huge migration fuels the shortage of houses which buoys prices.
Labour policy on deregulating housing and bringing in new towns can only be good for this company as well.
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