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Ibstock

May 2018

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.

  • Epic Code:
  • IBST
  • Price:
  • 289p
The shares soared to a new high of 298p after Ibstock, the UK’s largest clay brick manufacturer, issued strong results and a new policy to pay out supplementary dividends starting from 2018.Results showed revenue, pretax profit and eps rising 4%, 12.1% and 18.4% respectively. Notwithstanding Brexit effects on housing demand, the brick market is virtually sold out, helped by solid summer demand for new build products and stable RMI markets, allowing for c. 5% price increases, which drove up UK EBITDA margins from 29.8% to 30.5%. With sales rising 5.5% to £363m EBITDA increased 8% to £111m.Ibstock is the UK leader in brick manufacture, operating from 19 manufacturing plants across the UK, alongside a network o ...

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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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