Ibstock Article2 Jan 2021 08:07
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."