Skip to content

Three Quick Facts: Ibstock, 888 Holdings and Molten Ventures

*

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1.  Ibstock sales return to pre-pandemic levels

Ibstock LON:IBST, the listed brick manufacturer, has posted full year results this morning. Sales matched 2019 levels and the company posted a £65m profit. There may be some disappointment here that price inflation hasn’t provided more of a lift to those revenue figures, but the company notes it is carrying some strong momentum into early 2022 trade.

#2. 888 Holdings revenues edge towards $1bn

Full year results from 888 Holdings LON:888 are out this morning, with the company showing strong revenue growth of 15% but falling just short of the $1bn mark. Gross profits are up by a similar amount and the company notes that momentum in the early part of the current year has remained upbeat. This company continues to scale at a rapid pace and the incoming acquisition of William Hill with further that cause, although investors have been advised that the capital requirement here means no dividend is being proposed.

#3.  Will Molten Ventures portfolio update cheer investors?

A short note from Molten Ventures LON:GROW today who advise that following the closing of an external funding round in an undisclosed portfolio company, the fair value of Molten’s stake has risen by £76m, with the increase in fair value supporting previously advised guidance of 35% for the group over the year.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone

TMX
WisdomTree
IG
FxPro
Back To Top