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.

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

167.10p 1.20p (+0.72%)

What have change the direction on today's share price, a large buy early this morning delayed, just appeared on the ticker

09:48:55
175.2625
600,000

Finishing with a Candlestick "hammer" would be very bullish

170.10p +3.00 (+1.80%)

The bounce is on and is strong

166.25p

moving ahead very strongly this morning after holding around lows lately
strong order book
DEPTH 27 v 20
Showing a clearly double bottom shape on the chart .... W



useless MAM charts, with spikes everywhere

Britain sets out 5 billion-pound homebuilding boost - Reuters

Britain launched a 5 billion-pound homebuilding stimulus package on Monday, including plans to borrow 2 billion pounds to help address a long-term housing shortage that has become a major economic problem.

The announcement comes on the second day of the ruling Conservative Party's annual conference, which the government is using to set out how it wants to leave the European Union and tackle social divisions exposed by the June Brexit vote.

Appealing to voters who have been shut out of the housing market by years of rising prices and tight lending conditions, the government said it wanted to spend 2 billion pounds to boost housebuilding by using surplus public land and helping new homebuilders into the market.

"We'll use all the tools at our disposal to accelerate housebuilding and ensure that over time, housing becomes more affordable," finance minister Philip Hammond said in a statement before his speech to the conference.

Hammond will also promise to deliver a new economic plan next month, citing a need to balance the competing demands of fiscal discipline and long term investment as Britain comes to terms with its EU exit.

The government also outlined how a 3 billion pound stimulus fund, made up of money already earmarked for housing, would be used to fund 1 billion of short-term loans to small homebuilders and 2 billion in long-term infrastructure projects.

The new fund would help build 25,000 new homes by 2020 while the plan to use public land would enable the building of a further 15,000 in the same period.

Those targets are modest compared to the estimated 300,000 homes per year that a committee of lawmakers estimate Britain needs to meet demand and cool price growth. The country has not built more than 200,000 homes in single year for a decade.

Although the housing market has shown signs of cooling since the vote to leave the EU, a chronic shortage of properties keeps prices out of the reach of many young and low-income Britons.

Hammond's predecessor, George Osborne, made several attempts to speed up home building during his six years in the job.

Trading Update
RNS
RNS Number : 1769U
Ibstock PLC
16 January 2017
 
 
 
 
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 2016.
 
The Group continues to trade as anticipated with adjusted EBITDA in line with expectations.
 
Group revenue for the year ended 31 December 2016 was up 5%.
 
Revenue from clay and concrete products in the UK, which represents approximately 80% of Group revenue, was up 2% for the full year compared to 2015. The increase in revenue in 2016 reflects low single digit volume growth for clay brick and further volume and price growth in the concrete businesses. Despite the release of brick inventory by distributors as previously reported, particularly in the first half of the year, brick sales volumes for the full year exceeded 2015. Growing house builder activity supported a stronger second half and national brick imports declined significantly over the year.
 
Revenue in the US was up 18% (4% at constant exchange rates) for the full year compared to 2015, principally reflecting a combination of higher average prices and the benefits from a more favourable product and end use sector mix.
 
As at 31 December 2016, net debt declined compared to prior year despite significant spend on previously announced major projects, and was in line with management expectations.
 
During 2016 the Group progressed with the construction in the UK of an additional clay brick factory in Leicestershire which will expand Ibstock's UK clay brick capacity by c.13%. This project is making good progress and will commission in the second half of this year.
 
Installation of a new concrete roof tile line at the Leighton Buzzard facility was completed within budget and commissioning commenced during August 2016 adding c.5% to UK concrete roof tile market capacity. First projects using the new tiles, which broaden the Group's concrete tile product range, have been completed and have been well received by key customers.
 
Price negotiations for 2017 with all our major UK brick customers have now been concluded and are in line with management expectations.
 
In the UK, following a full consultation process with affected members, the Ibstock defined benefit pension scheme will close to future accrual with effect from 31 January 2017. All scheme members have agreed to join the company's defined contribution scheme with effect from 1 February 2017.
 
The Group will announce its preliminary results for the year ended 31 December 2016 on 7 March 2017.
 

Peel Hunt Hold 183.00 175.00 190.00 Downgrades

Berenberg today:
"Ibstock (Buy, 34% upside) – our top pick: As the leading manufacturer of bricks in the UK, Ibstock is well placed to take advantage of these strong fundamentals. Its new SM3 plant should help the group take market share and lower its cost base while its US exposure will continue to be supportive to growth. Strong FCF generation will aid its bolt-on strategy and increase the probability of further shareholder returns.
Valuation: 11.7x 2017 P/E; 8.9x EV/EBITDA."

15 May
Barclays...
285.00
Overweight