Updates

Ibstock

May 2017

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.

Shares in Ibstock, the UK’s largest clay brick manufacturer, have struggled since our tip last February but have recovered well from a low of 110p. Clearly, the Referendum result didn’t destroy its markets as results were marginally ahead of forecast with revenues up 5% to £435m and EBITDA up 4% to £112m. Eps was 18.1p on a low tax charge.Divisionally, the UK (79% revenue), which has 19 brick plants and 23 active quarries, increased EBITDA 4% to £103m. Although there was de-stocking in the first half by builders merchants, within one month of the referendum sales recovered to the previous year. Helped by the strong new housing developer market, volumes were marginally ahead of the prior year.In t ...

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

Subscribe now

Already a subscriber? Login

OneSavings Bank - Sector re-rated after Shawbrook bid

Premier Oil - Refinancing a done deal

Ibstock (January 2021)

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 - 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