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.
It has taken me an extra day to respond but did you see the update from the market share leading clay and concrete building company Ibstock (IBST)? Although the full results are out in early March, the company said it expects to report adjusted EBITDA for 2020 of around the previous guidance (back in October) of £50 million. I know this puts the company on a x20 EV multiple, the reality is that it is talking even more positively about 2021 as the CEO notes that ‘we are encouraged by recent market trends in the industry and the resilience of demand from our house builder’.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen