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.

Broker Forecast - Numis issues a broker note on Ibstock Plc Ord 1p Wi
Numis today initiates coverage of Ibstock Plc Ord 1p Wi (LON:IBST) with a add investment rating and price target of 235p. Story provided by StockMarketWire.com

09:00 02/12/2015
Broker Forecast - Barclays Capital issues a broker note on Ibstock Plc Ord 1p Wi
Barclays Capital today initiates coverage of Ibstock Plc Ord 1p Wi (LON:IBST) with a overweight investment rating and price target of 250p. Story provided by StockMarketWire.com

08:20 02/12/2015
Broker Forecast - JP Morgan Cazenove issues a broker note on Ibstock Plc Ord 1p Wi
JP Morgan Cazenove today initiates coverage of Ibstock Plc Ord 1p Wi (LON:IBST) with a overweight investment rating and price target of 240p. Story provided by StockMarketWire.com

Update on Financial Calendar
RNS
RNS Number : 3533L
Ibstock PLC
08 January 2016

Ibstock plc



Update on Financial Calendar





Ibstock plc announces the following dates in its 2016 financial calendar:



Monday 18th January 2016
Trading update for the year ended 31 December 2015



Thursday 10th March 2016
Preliminary results for year ending 31 December 2015

I hold a few of these, ibst held up strongly since the new year market falls.

Trading Update
RNS
RNS Number : 0883M
Ibstock PLC
18 January 2016

18 January 2016

Ibstock plc



Trading Update



Ibstock plc ('Ibstock' or the 'Group'), a leading manufacturer of clay bricks and concrete products with operations in the United Kingdom and the United States, today issues a trading update for the year ended 31 December 20151.



Recent Trading Performance



The Group continues to trade in line with expectations and it is expected that adjusted EBITDA (after adjusting for exceptional items, principally related to the costs of acquiring the operating entities in February 2015 and then through the Initial Public Offering in October 2015), will be in line with market expectations.



Group revenue for the year ended 31 December 2015 was up 9% whilst revenue for the six months ended 31 December 2015 was up 7% compared with the second half of 2014.



Revenue from clay and concrete products in the UK, which represents approximately 80% of Group revenue, was up 9% for the full year compared to 2014. The growth in revenue in 2015 primarily reflects a stronger pricing environment for clay bricks. Despite the release and reduction of brick stocks by some housebuilders and distributors, total UK industry brick demand continued to exceed estimated annual domestic production capacity during the year.



Clay product revenue increased by 13% on the equivalent period in 2014; however, concrete product revenues in 2015 were 1.5% lower than 2014, with increased revenue in new build housing related products - including roof tiles - outweighed by lower activity in fencing related products and rail products - where projects have been delayed. Concrete product revenue into the UK fencing sector in 2014 had been boosted by unusual weather conditions in the first half of that year.



Revenue in the US was up 10% (8% after adjusting for exchange rate differences) for the full year compared to 2014 reflecting a combination of rising volumes and higher average prices which include the benefit from a more favourable product mix.



As at 31 December 2015, net debt was lower than management expectations as a result of strong working capital management, giving a year end leverage which is expected to be c1.4 times adjusted EBITDA. Some of this improvement is timing related and is anticipated to unwind through 2016.



During 2015 the Group commenced construction in the UK of an additional clay brick factory in Leicestershire - which will expand Ibstock's UK clay brick capacity by c13% - and the installation of a new concrete tile line at the Leighton Buzzard facility, which will broaden the Group's concrete tile product range. Both projects are progressing in line with expectations, with the concrete tile line expected to be operational in the second half of 2016 and the additional brick factory expected to commence commissioning in the second half of 2017.



Price negotiations for 2016 with all our major UK brick customers have now been concluded and are in line with management expectations.



The Group will announce its preliminary results for the period ending 31 December 2015 on 10 March 2016.

Questor-share-tip-Avoid-Ibstock-as-private-equity-heads-for-the-exit.

ah yes .... had forgotten that was one reason i was never tempted by these

Final Results

Financial Highlights:
n
Results in line with expectations - strong growth in revenue and profit

n
UK revenue ahead by 9% year-on-year, largely reflecting stronger clay brick prices

n
Continued improvement in US performance - revenue up c.10% year-on-year in local currency

n
Generating attractive returns: 26% EBITDA margin and 20% ROCE

n
Strong free cashflow from operations of £69m reduced net debt to £145m (less than 1.4x adjusted EBITDA) - with debt reduced faster than anticipated

n
Listing on the London Stock Exchange completed successfully on 27 October 2015


Operational Highlights

n
Market fundamentals remain supportive in UK and US

n
Major capital projects progressing to plan and on budget

o
New Leicestershire brick plant to increase UK capacity by 100m bricks (+13%), with commissioning scheduled for H2 2017

o
New concrete tile line expected to be operational in H2 2016

n
Price negotiations for 2016 concluded - all major customers and channels in line with management expectations

n
Safety and customer service metrics compare favourably with industry benchmarks

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

BFN

Jefferies International today initiates coverage of Ibstock Plc (LON:IBST) with a buy investment rating and price target of 260p.

Story provided by StockMarketWire.com

Bought some today, as is bouncing once again a bit much stronger that the builders on % terms. Well undervalued by the last update.
Interim results due 5 August, 3 weeks away, it seems some are already buying ahead of them

yet MBH is currently out of fashion ..... that company is also forecasting very good results i recollect but can't see when next figures are due

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