Added to YB: 2026-06-04
Pitch date: 2026-06-02
IBST.L [bearish]
Ibstock plc
+3.23%
current return
Author Info
Company Info
Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.
Market Cap
GBP 386.9M
Pitch Price
GBP 0.98
Price Target
N/A
Dividend
3.06%
EV/EBITDA
7.72
P/E
125.69
EV/Sales
1.44
Sector
Construction Materials
Category
turnaround
UK Shorts - Top 5 disclosed shorts going into June 2026: Ibstock
IBST.L (short): UK brick maker thesis playing out, stock -20%+ on weak results & Iran war. 2025 cash burn £15m+ (£30m w/ divi); adj EBITDA £71m flattered by receivables sales & non-recurring 'exceptionals.' AGM signals LFL rev -10% (-15-20% post Forticrete sale), thin margins may evaporate. Energy-exposed kilns 65% hedged Q4 2026; frozen housing mkt, covenant risk (3x ND/EBITDA), new CFO may kitchen-sink. £510m EV, net debt ballooning risk.
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