AEX Gold – drilling results further demonstrate ‘very encouraging’ potential, Buy, shares will more than double
I've mentioned brick company Ibstock (IBST) a few times on these pages, noting here that 'I love basic, but worthy, products' especially if they have pricing power due to a supply oligopoly, as you should note with this space. I see on a shabby day for the broader market that Ibstock shares are once again close to the 150s pence level I have used a couple of times to add to my holding, which is kind of interesting especially as the company's trading update released today read well in my view. So what did it say?...
You know I love basic, but worthy, products and have rhapsodised about the brick market before as pricing power is decent, assisted by a continuing structural demand for houses due to a rising population (don't get me started though on housebuilder profitability levels and 'help to buy' style market distortions!). However...
This may surprise a few people given my pessimism on the housing market and the housebuilding sector but I am not bricking it about the world of bricks. Now maybe it is because I am a sentimental old fool who lives near an area whose heritage is wrapped up in the world of bricks, but my simple observation is...
Hello Share Trudgers. There’s been talk of a collapse in property prices on this august website. As I’ve often posited, I consider this too dire a view of the bricks and mortar game.
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