Ibstock Share Chat (IBST)

See from Aviva's RNS that they have picked up 24m shares in IBST. strategic holding?

CHAT

Big drop here today. Anybody got any ideas why? Thanks.

We seem to be stuck in a trading range at the moment. Interest rate needs to move down before we move forward.

Now onboard. Let's hope for good things.

Thanks Rhinocol, that's useful information. Every little helps.

Anew state of the art factory is being built at Nostell near Wakefield with solar and wind energy. This should hopefully keep energy costs down

Nice one thank you for you reply.

HI,

One of my favourite investments

despite revenue back above pre-covid level, share price not moved back

I believe this is due to increased fuel costs - brick making is energy intensive

and lack of confidence in new build housing due to interest rates

Worth a punt IMO as price is cheap and pays a 5% dividend

Looking to invest here. Anybody got a head's up what's happening? Thanks in advance.

Just shows the lack of confidence in the markets at present. This is Ibstock, maker of bricks, etc. Well run and and one of my favourite companies. Has consistently increased turnover and profit beyond pre-covid levels.. Pays a 5% plus dividend. Yet share price remains 30 per cent down on pre-covid ?

Ibstock presentations are a treat.

Fair enough. Lots to like in this one, especially the reducing debt pile, IMO.

Although i am nicely in profit i am happy to hold for 2-3 years as most recessions are followed by an increase in the building sector.

the divi makes this a comfortable hold for me.

I like this company and am confident that it will weather the storm ahead.

But IMO this is not the bottom, so I too have taken the opportunity to sell most of my holdings today for a small profit.

In truth, I did not think we would rise on that update, but obviously glad to be wrong.

Probably have left a fair amount on the table for someone else to enjoy, but that is fine :)

It will remain on my watch list though, in case I get the chance to jump back in. A return to the 130's would be extremely tempting - but obviously that day may never come. GLA.

Results, although poor seem to have been well received by the City. I have taken the opportunity to dispose of my holding.

Pile in for the interim and stay in long term for the overall dividends, that's my plan

Agreed Unhooked.

Most metrics are down year on year, but Mr Market nonetheless approves! This may indicate that we really are - finally - at or near the bottom.

Onwards!

That is what I am inclined to think, although given the strength of fairly sustained support we saw around the 150's, IMO it could prove to be a fairly stiff resistance area when the reverse happens. Whenever that might be.

What appeals to me about this one, versus house builders, is that instead of purchasing new homes in this tough environment, repair and restoration work may replace some of the lost income from a sustained slow down or halt to house building. Bricks are essential. New homes less so. Even allowing for the population expansion etc.

But I thought a housing market crash/strong correction was going to happen sooner than now, so held off buying TW near the lows last year. I felt that sentiment was not nearly bearish and hysterical enough on house builders at that time, hence my decision. So my opinion in this area (like so many others) is worth less than a Poundland crystal ball :)

I have took my second tranch today and doubled up so only one tranch left to invest if needed.

happy to just hold and take divi at these prices.

Well I have just bought here for the first time. On fundamentals it seems very cheap so I suspect that your 150s average will be ok at some stage. We know housebuilders are holding back, but we also know that there is an acute shortage of housing which is not going to get better any time soon.

First time commenting on this one, but had been a holder for a couple of years. Actually took profits fairly recently, and then bought a chunk back in a few tranches because I thought it had become oversold. Naturally, my timing was rubbish! So now sitting on a low 150's average.

Comfortable taking a LTH approach if necessary (usual caveats), but just interested in any posters here who might work in relevant trades who know/think that this might be company-specific, or part of a wider macro/sector specific sell off?

Was planning on buying another tranche if we hit 2016 lows, FWIW.

Am I missing something, or is this a good buy and accumulate time? Goes without saying, opinions will be taken informally, my money, my choice etc.

Final divi day, lovely jubbly!

Reinvestment on Monday.

Company is trading alright. Share price no reaction.
Sends you to sleep this share...
I'll wake you all up at the next trading update, where I expect nothing will happen.

*page is

< rolls eyes >