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Ibstock

October 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.

  • Epic Code:
  • IBST
  • Price:
  • 235p
After the Brexit vote many investors feared a cliff edge fall in demand for new home purchases with a corresponding knock on for suppliers such as Ibstock, the UK’s largest manufacturer of clay bricks. But happily it hasn’t turned out that bad with Ibstock reporting a 9% rise in revenues to £228m and a 3% increase in pretax profit to £38.9m for the six months ended 30 June. Adjusted eps increased 16% to 9.5p.Ibstock owns 19 manufacturing plants and 23 active quarries in the UK (81% group revenue) and these generated an 8% rise in sales to £186m, put solely down to volume growth, while EBITDA rose 7.5% to £57m, with margins maintained.Some might quibble that Ibstock underperformed sector vol ...

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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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