Updates

Ibstock

July 2020

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.

Clay brick manufacturer Ibstock noted that April and May saw very weak volumes as previously expected with declines of c.75% year-on-year against a backdrop of Covid-19 market softness, with their customers, the UK house builders, closing down sites. In April, it really bought it with volumes down 90%, but at least its exposure to the infrastructure and RMI markets meant volumes in its concrete division were more resilient. Encouragingly, the recent loosening of lockdown restrictions have allowed construction and housebuilding to resume in recent weeks with Ibstock seeing a modest recovery in clay brick sales although volumes remain down 70% while concrete is 50% down year-on-year. Ibstock has furloughed staff, clos ...

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ITV

Polypipe

Ibstock (January 2021)

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

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