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Results: IBST

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EPIC IBST
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The Booming World of House Building Needs Ibstock Even if Costs Soar

Hello Share Tasters. The house building sector is perky. And that’s jolly news for Ibstock (IBST), the leading Leicester company that makes bricks. Trouble is raw materials are getting more expensive and transport costs are going up. However, if the house building market continues to strengthen, then customers for bricks aren’t going to mind paying extra.

EPIC IBST
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The Sunday press is correct about the UK’s largest brick company Ibstock

The last time that I wrote positively about Ibstock (IBST) - the UK’s largest brick company - was here -  back in April. Back then I concluded that ‘assuming further recovery in key sales/profit metrics to closer to the 2019 levels as 2021 progresses.  And fair value is still above 250 pence’, which still suggests today a nice 10%+ increase potential in the share price.  

EPIC IBST
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Don’t worry about the losses at Ibstock

Whilst my positive views on the UK’s largest brick company Ibstock (IBST) - most recently written up HERE - have been really well-rewarded over the last six months, I do have one confession to make. Yes, the company did make a loss of £20 million last year. It was clearly a very difficult year due to Covid-19 shutdowns but also Ibstock was taking on board one off costs to help evolve the business. Still, I know some investors will be feeling unhappy.

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