By Steve Moore | Wednesday 5 March 2025
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
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