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Poor performance in share price since IPO yes but still paid out 35% of IPO price in dividends since that's without any compounding/reinvesting. Market conditions are pretty poor, interest rates highest they've been in 15 years. Many small construction companies are ceasing trading all impacts. They seem to be managing current risks, Still great believer this will come good 3-5 years.
Taken from RNS - Trading conditions in the first quarter remained challenging, subdue volumes, sales volumes were below our expectations. But Despite weaker volumes, a strong performance across our cost reduction actions, commercial discipline and operational execution enabled the Group to deliver adjusted EBITDA for the period in line with our expectations.
Improved EBITDA is good to hear, Low volumes seems to be managed well so far. Imagine subdue volumes wil continue throughout 2024.
You'll still hold those shares but will be unable to trade them, unless by some miracle the company goes public again at some point in the future. (which is very unlikely) I have a small holding worth nothing now but no point in selling. Did vote against the delisting not that will change anything though.
Large amount of the upward momentum in IBST pins on interest rates reducing, current high rates coupled with high house prices makes it very difficult for first time buyers to get on the ladder. Although it seems everywhere I look they're still building new developments.
I first invested in Carclo at the start of 2018, around 46p. This soon halved and halved again until it was near nothing at this point i'd already topped up twice to bring my average down. I bought in at 3.5p which brought my average down to 12p. I remember thinking at 3.5p that the likelyhood was I would lose this money. I sold my holdings at 17p in Dec because I needed the money towards a house extension and wanted the money to be secure.
It's bitter sweet because I still made a good return and didn't end up losing any money after being in the red for best part of 2.5 years. But as you can see the share price has made a very strong recovery in which theoretically i've lost out big time in space of less than 6 months but I wasn't willing to take the risk.
I guess i'm just sharing my experience, Good luck to all!