Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That's what I was thinking, but not if there is an underlying reason. Perhaps it's just cyclical trading that's pushing this up and down?!
This game baffles me. Forterra gains 4.5% today and Ibstock loses nearly 2%. At £2.03 it appears to be an irresistible top up at 18% down from the high of a month ago.
Is the recent drop due to gas prices and driver shortages? Or have I missed something?
Would think the low pound would make imports even less competitive against homegrown bricks
Marshalls also are running out of stock.
Steady progress. Marshalls last week reported excellent progress and increased orders with an upgraded broker forcast ; citing the improving construction market. No reason why this shouldn't follow towards 300p, Marshalls are almost back to pre covid levels so I've every confidence in Ibstock and a dividend due in a couple of weeks.
If you feel that buying shares quoted on exchanges other than London is not for you, it might be worth considering Scottish Mortgage Trust. Aside from an excellent past track record ASML is certainly in their portfolio. Shares in ASML are fairly pricey at approx €800 each.
Others? I think. it's only you and I who are here!
Thanks for the ASML tip - Will look into that. I thought the same ref the microchip shortage, so this could be an interesting in. Novacyt will rocket in the autumn IMO; think back to the virus levels last August and then what happend. We're in a more rather than less precarious situation. We have vaccines now but Delta is a completely different beast to what we had then.
But back on topic, as you say:
Nice and steady uptick today - Ibstock nearly back to its 240 high.
An interesting company (Novacyt), which I considered a couple of years ago. I chose Elekta instead. Don't get me wrong, I am convinced that the sectors that have the greatest appeal are IT, bespoke medical advances and renewables. My most recent bargains have included disposing of 30% my holding in Nvidia, all of my holding in Deutsche Bourse, Persimmon and Vistry and the strengthening of holding in Montanaro UK, (MTU) new holding in Mitan Micro (MINI), strengthened my holding in Thermo Fisher and a good chunk inot ASML a Dutch company. ASML, is an interesting company as the world is clamouring for microchips. There is only 1 company that makes the machines that produces chips and I am a great fan of monopoly economics. Novacyt has similar appeal.
Sorry to others that this is slightly off topic.
I have a few in Jet2, and a even more in SAGA but my main holding is Novacyt where I am totally overweight - and fully invested too. If I had more funds it would have gone in to there by now; just waiting for the re-rate!
No probs..... it would have accounted for the rise yesterday and, FWIW, I added some yesterday for elder son. Have also added to holding in AUGM (today) and EZJ (yesterday). He is sitting on 13% cash at the moment. He prefers to be fully invested (as do I). UEM has again caught my eye.
@Alas_Smith - thanks for the heads up:
https://www.thetimes.co.uk/article/ibstock-is-building-itself-up-for-a-rally-88whjdlw0
There was a little write up on IBST in the Sunday Times today. Won't do the SP any harm.
HillSeeker - indeed I am delighted. Goolang, although the lockdown restrictions are lifting, the effects of Staamp Duty Land Tax returning will be evidenced with fewer completions over the next 3 months. Slowdown in new build starts will not prevent the part built houses from being finished to first fix status or homeowners planning alterations to existing dwellings.
Think it is because the lockdown is easing further.
@Alas_Smith
you'll be pleased with the nice steady rise today then! Over 6%, not sure if this is on any news?
FWIW, I have sold up all my investments in housebu8ilders but have kept my shares in Ibstock. With a return of Stamp Duty Land Tax and at punitive rates, I could not see any advantage in retaining housebuilders, there is, though a compelling case for brick makers!
Happy with these results. Expectations are positive. SP should do well into 2022, back to 300+ pre-covid levels. Ibstock makes bricks and the UK needs houses.
Yes , the RNS looks good. Almost back to the pre covid levels. The share price then touched 325p so plenty of oppurtunity to climb back
I'm not the best at reading the RNS's, but this looks pretty good and the future looks promising too as far as i can see.
04 August 2021 Announcement of Half Year Results for the 6 months ended 30 June 2021
A sudden near 10p rise - anyone any news?
Inflationary pressures and raw material availability are the issues here. Demand might be high but raw material costs for production have soared for everything from cement and aggregates to plastic strapping and pallets (the list is endless).
If these increases have not been passed into the market in full then profitability will be poor.
A good lift late in the day but still cheap at this point. JP Morgan raises price to 230 today
I live for the day Forterra holders say 'I wish I was in IBSTOCK', but that's not looking likely today. Our day will come!
thanks, rhinocol - seems subdued for no particular reason when this one should be making steady headway if not flying