Updates

Ibstock

January 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ibstock, the manufacturer of clay bricks and concrete products, has announced a clear pick-up in trading with September and October volumes recovering to around 90% of 2019 levels. Revenue for Q3 (July-September) was 88% of last year’s figure.This recovery was driven by increased new house building demand - which I had anticipated in my article - with home buyers spurred on by the stamp duty tax cut. Also supporting market conditions was robust RMI work.Alongside rising sales, Ibstock says margins have also recovered thanks to cost and capacity cuts. Numis reckons there will be £20m cost savings from FY’21, supporting a strong recovery from forecast pretax profit of £16.8m this year (eps: 3.8p) to &pou ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Loungers

Trackwise Designs

Ibstock - Supplier of bricks to UK housebuilders could benefit from surge in transactions after cut to stamp duty (October 2020)

Ibstock (July 2020)

Ibstock (May 2018)

Ibstock (October 2017)

Ibstock (May 2017)

Ibstock - EPS forecast of 19p and 22p over 2 years (May 2016)

Ibstock (March 2016)

Ibstock - Supplier of clay bricks benefits from industry wide shortage (February 2016)

Ibstock - Strong debut for UK's largest brick maker (January 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X