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On a shabby day, Ibstock is still building value...

By Chris Bailey | Wednesday 28 October 2020

Disclosure: I own shares in one or more of the stocks mentioned. 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.

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?…

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