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.

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

168.90p +8.40 (+5.23%)

She is really going places today with volume well over the normal at this time of the day 2 hours gone and 442K already

what a cracker this has been for you
very well done

172.50p +12.00 (+7.48%)

and the movement UP goes on and on

BUILDERS AND PLUMBERS MERCHANTS MARKET REPORT - UK 2015-2019 ANALYSIS
HTTP://www.amaresearch.co.uk/Builders_Merchants_Market_15.html

Construction related stocks best risers today
IBST despite the large rise today is still under performing the other two on the 3 month chart

Ibstock 173.15p +7.88%
Polypipe G. 281.25p +5.61%
Marshalls 297.20p +4.72%

---------------------------------- 1 month -------------------------------------------------- 3 month --------------------------------

Close the bargains at 173.50p on a T+3
running out of time of the T+20 and T+15 and share price well ahead on the upper band of the Bollinger Bands and Stochastic also at overbought

a 16.72% overage gain or 20.75% and 13.40%

"Ibstock’s legacy shareholder, Bain Capital, has sold 21% of its shareholding (40.5m shares) in the group. This equates to 10% of Ibstock’s share capital and has reduced Bain’s shareholding in the group to 37%. The placing price is 175p per share, a near 6% discount to the most recent close (186p). The backdrop to the disposal is the recent recovery in the Ibstock share price towards its 190p IPO level. We recently initiated coverage on Ibstock with an ‘Outperform’ rating. We believe the stock offers good quality exposure to what remains a structurally attractive UK brick market, despite near-term uncertainty, along with room for better returns and margins from its US operation. Current price target is 207p."

Bought some @ 164.79p,
asking for premium on a long settlement and not many shares 741 on the order book at 164.80 offer

reasons: Had a large drop from 183p after a placing last week, should be ready to bounce from here as it gets some equilibrium at those lower prices. Current price target is 207p and EPS of 19p so on a forward PE of 8.67

166.10 v 166.70p

Still early days but the share price is up from the price I bought and for the day, but most important the order book is now stronger on the bid side

DEPTH 27 v 24

was 18 v 25 earlier