Most recently on “leading UK manufacturer of building products and solutions” Ibstock (IBST), on a “AGM Trading Update” in May I concluded that I could understand why the shares remained below a previous 100p+ and still avoid. What about now half-year results headlined “Focused execution - with continued progress on strategic growth levers for value creation”?
Describing itself as “a leading UK manufacturer of building products and solutions”, Ibstock (IBST) has issued an “AGM Trading Update” including noting recently “a promising improvement in sales volumes in our clay business… with a well invested, lower-cost, more efficient and sustainable manufacturing network, Ibstock is well positioned to deliver growth in the medium term”. Er, so not the near term then?
Bricks and building products company Ibstock (IBST) has issued a “Trading Statement” headlined “Resilient performance and robust balance sheet provide optionality for the future”. So why a currently more than 4% lower share price response towards 130p after the shares were approaching 200p in the first half of last year?
UK bricks, concrete and other building products company Ibstock (IBST) has issued a “Third Quarter Trading Update” including noting a “difficult and uncertain market backdrop”. However, having just in June issued a “costs” and “more competitive market backdrop” warning, is that just as was expected?
Most recently writing on building products manufacturer Ibstock (IBST), in March with the shares up to around 165p I questioned it arguing “resilient performance” and “well-placed” and retained the prior caution which had served well. The shares had since risen, but what about them currently back down to around the prior levels today on the back of a “Second Quarter Trading Update”?
Describing itself as “a leading UK manufacturer of building products and solutions”, I most recently wrote on Ibstock (IBST) in January with the shares falling below 170p – noting it ‘argues “resilient performance… consistent with previous guidance”. But is it really?’. Today it has announced its results for the 2024 calendar year headlined “Resilient performance in challenging conditions; Strong strategic progress ensuring Group remains well-placed for market recovery” and the shares have currently responded more than 8% higher, though what about them still around 165p?
Describing itself as “a leading UK manufacturer of a diverse range of building products and solutions”, Ibstock (IBST) has issued a trading update emphasising “resilient performance in 2024… continued strategic progress… expect improved market conditions in 2025, with momentum building through the year”. So what of a share price currently slightly further lower in response to below 170p?
Describing itself as “a leading UK manufacturer of a diverse range of building products and solutions”, Ibstock (IBST) has issued a “Third Quarter Trading Update” commencing that it has “delivered a solid performance in the third quarter, with adjusted EBITDA broadly in line with our expectations”. What about this from a currently just below 200p share price?
