27 October 2015

Admission to trading on the London Stock Exchange


Further to its announcement of 22 October 2015, Ibstock plc (the "Company") is pleased to announce that its entire ordinary share capital of 405,500,000 ordinary shares has today been admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "IBST".



Ibstock plc is a leading manufacturer of clay bricks and concrete products with operations in the UK and the United States. Our principal products are clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products. Our range of products are manufactured, marketed and distributed by Ibstock Brick, Supreme Concrete, and Forticrete in the UK, and Glen-Gery in the United States.

Ibstock Brick is the number one brick manufacturer by volume of bricks sold in the UK where approximately 80% of new build houses use brick in their construction. Glen-Gery is a major regional brickmaker in the US, and Supreme and Forticrete also hold strong positions in their respective markets. Subsidiary operations include Ibstock-Kevington, a leading manufacturer of brickwork components and Anderton Concrete, a specialist in the manufacture of concrete rail and infrastructure products.

The businesses are major manufacturers of products for the new build housing and domestic repair, maintenance and improvement markets (RMI).

We operate from 33 main sites in the UK and ten sites within the United States. We also have over 150 million tonnes of clay reserves across 23 active quarries in the UK and 29 active quarries covered by 20 active permits in the US.

IC RESUME
26 May 2016

Brickmaker Ibstock (IBST) reported brisk sales in the first four months of this year, thanks mainly to continued growth in the house building sector. However, this has been offset to some extent by destocking in the builders merchant supply chain, which primarily serves the repair, maintenance improvement (RMI) market. Good weather in the US has also helped to underpin the group’s clay business.
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11 May 2016
not-so-boring cheap growth share
There's a lot to be said for the steady and often handsome returns to be had from investing in boring stocks and oft-quoted fund-management legend Peter Lynch, who made his name at the helm of the Fidelity Magellan fund, is a man who has had a lot to say on the subject. However, my Peter Lynch-inspired stock screen, which is meant to search out what he described as 'stalwart shares', has proved anything but boring over the past four years, producing very erratic results..............
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14 march 2016
Brick maker Ibstock growing top line but slow start to 2016
Shares in Ibstock (IBST) started trading as recently as October last year, and its complex history explains the lack of comparatives. Ibstock was bought by CRH (CRH) in 1999 before being sold to private equity firm Bain Capital Europe LLP prior to the flotation.

Ibstock is the UK's largest clay brick manufacturer, with around 40 per cent of the market. It also has a US division called Glen-Gery. And to give some idea about how the group as a whole is performing, Ibstock has released some pro-forma numbers that show revenue up by 10.6 per cent on an annualised basis, with adjusted cash profits up by nearly two-thirds at £107m.

The UK business, which accounts for 81 per cent of group turnover, saw revenue increase by 9 per cent to £336m and adjusted cash profits by nearly three-quarters to £99m. Much of this reflected a renaissance in demand for bricks and the ability to push through higher prices. Sales would have been higher without some destocking, although this is expected to reverse in the Spring. In the US, revenue rose by 9.5 per cent at constant currencies to £76.5m and cash profits by 12.7 per cent to £8m, with strong demand from both residential and non-residential markets.

Analysts at J.P. Morgan Cazenove are forecasting adjusted pre-tax profits for the year to December 2016 of £96m and EPS of 19p (from £64m/13.3p in 2015).

Moving higher again after the morning being on the red, just now a very large buy 100K

15:40:07
143.28p
100,000
£143.28k

144.50p

Trying to break up from yesterday's highs

though the market is down today the stock is surging ahead and breaking 150p at the moment on a stronger order book and though the volume is not high the buys are taking charge on a good way so now is 151.40p +2.60p

sure has, but i am also amazed at the minuscule volume that is traded - currently <120k, and that does not look unusual

Volume is never too high as there are not many shares free either, but is mainly the uptrend and buyers in charge and stronger order book

Latest trade was large and paying premium

10:55:26
153.72p
19,516

the climb keeps going as larger trades are appearing on the ticker at a higher price

11:41:36
155.00p
50,000
£77.50k

i assume you're already out, as i see sp has now clunked by 7.2p to 150 ..... such are always the hazards of dealing in very low volume stocks

No, just bought some more @ 151.70p and the reason is below ( posted somewhere else ....

Why down today?
The order book was weak 17 v 29 a bit of recovery at the moment, meaning the MMs decided to put orders on the offer side and triggered sells "AT" most likely to cover ( filled ) their book for yesterday's buys.

Some funny trades Paying 156p when offer price was 150p

10:31:58
156.00p
5,000K

10:31:48
156.00p
16,980K

Once again the same game as yesterday, opening lower as there is no orders yet place on the order book and then at 9am turn up after a large buy.

They say shares on the order book should not be touch until after 9am, as it seems the order are not yet place and is very volatile on a large spread before this time.

The prices are cheap but if one wants to buy on a large size ( than 500 shares ) then you have to pay large premium, below a couple when offer price was around 150p and 152p

09:00:45
153.99
9,042
£13.92k

09:17:22
153.94
15,000
£23.09k

And yet again starting lower, but soon recoup the loses and already on the up on low volume, but stronger order book on the bid side is helping on the rise.

Not long now for the Interim results, next Friday the 5th August, so one week left to fill the boots.

152.75p +10.65p

Ibstock - a leading manufacturer of clay bricks and concrete products - reports continued growth in the six months to the end of June.

Revenues rose by 3.3% to £210.0m and adjusted EBITDAi increased by 7.3% to £55.6m.

Profit before taxation for the period of £37.9 million (1H 2015: £77.0 million including net exceptional benefits of £51.8 million, excluding these gives a comparable profit before taxation of £25.2 million).

Chief executive Wayne Sheppard said: "I am pleased to report another robust profit and cash generation performance by Ibstock, combined with excellent progress with our major UK investment projects."

"The EU Referendum result has added uncertainty to our outlook but, in advance of the important autumn period for new home sales, it remains too early to judge its full impact. It is reassuring however that, to date, current trading continues at normal seasonal levels. Contingency plans will enable us to balance production with sales volumes in the remainder of the year as necessary."

"The fundamentals supporting the UK housing market remain in place. The sector continues to receive focused government support, mortgage availability is good and there remains an undersupply of new homes. Our businesses are well prepared for the challenges and opportunities that our markets may present and we look to the future with confidence."

# Group revenue for the six months ended 30 June 2016 was £210.0 million (1H 2015: £148.9 million includes four months' trading results only)

# Profit before taxation for the period of £37.9 million (1H 2015: £77.0 million including net exceptional benefits of £51.8 million, excluding these gives a comparable profit before taxation of £25.2 million)

# Adjusted EPS 8.2 pence

# Earnings per share of 7.4p (1H 2015: 31.8p including net exceptional benefits and before increase in weighted average number of shares arising from pre-IPO share reorganisation)

well done .... called that spot on

the following is almost obvious, though the market is choosing to pretty much ignore in the sector ....
The fundamentals supporting the UK housing market remain in place. The sector continues to receive focused government support, mortgage availability is good and there remains an undersupply of new homes

158.20p +2.20p

Brokers views are well ahead of prices now

08 August 2016
Deutsche Bank: Recommendation Buy - Target Price 181.00p
Beaufort Securities: Recommendation Buy
JP Morgan Cazenove: Recommendation Overweight - Target Price 170.00p

BREAKOUT

159.20p +3.20p

Breaking out from previous intraday high of 158.50p two weeks ago

Broker Forecast - Jefferies International issues a broker note on Ibstock Plc

Jefferies International today reaffirms its buy investment rating on Ibstock Plc (LON:IBST) and raised its price target to 190p (from 170p).

That's a biggie 125K buy early on the morning and share price on the way up though only by a penny so far ......
Let's see if we can finished over 160p now, considering the market is down

08:46:53
159.50p
125,000
$199.38k

160.50p +2p (+1.26%)

Breaking the 160p mark now and looking ahead as the order book on the bit side is very strong at the moment

161p +2.50p

The stock is on the rise again on a higher BREAKOUT. MMs are manipulating the order book from time to time to flash sellers, once done up again.

165.60p +4.50 (+2.80%)

a very good start of the day as the BREAKOUT is on an is open space to 180p now