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.
Most recently on UK building products company Ibstock (IBST), in August with the shares falling from 97.8p I questioned its improvement confidence considering the UK and Middle East backdrops and concluded to still avoid. What of now a “trading update” including its “domestic brick market share in Q3 was consistent year on year, while average selling prices to the market remained broadly in line with expectations” and the shares currently slumping a further approaching 10% to below 75p?
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