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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Forterra Plc | LSE:FORT | London | Ordinary Share | GB00BYYW3C20 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.13% | 156.60 | 157.00 | 158.40 | 159.80 | 156.20 | 158.20 | 261,453 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Concrete Block And Brick | 455.5M | 58.8M | 0.2849 | 5.57 | 327.35M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/1/2024 11:30 | Positive SCVR on Stocko on this cyclical stock says good value for this brick builder | creditcrunchies | |
11/10/2023 20:50 | you have to have a longer term view with this stock, it's not going to generate steady predictable earnings, as the earnings are lumpy. you should value stocks like this on average profits on a 5-10 year view, not taking one year and extrapolating. | m_kerr | |
11/10/2023 17:49 | I mentioned on the last warning the earnings downgrade cycle was unlikely to be complete and we have confirmation on today's update. At a guess there is at least one more warning to come. | essentialinvestor | |
11/10/2023 17:44 | "very overpriced in this market"? Do you mean looking only ahead around 12 months? Most of us here have a rather longer view... If this was a startup with a one year PE of 12-15 and a 2 or 3 year outlook PE of 5 or 6, I doubt you would be sayng that... | edmundshaw | |
11/10/2023 10:56 | Surprised hasn't dropped more. Under pressure a whole so maybe priced in. 13.8 x forward earnings a bit rich though for a profit warning | johndoe23 | |
11/10/2023 10:26 | Unfortunately this is still very overpriced in this market. Profit will be down by more than 50% probably eps of 10p and debt now going in the wrong direction. | rcturner2 | |
11/10/2023 10:20 | Not a real surprize really probably mostly priced in. Question is when will the turnaround in demand occur.....and will it be New Labour building new houses or simply a cut in interest rates that re-ignites demand. There is still a lot of pent up demand. One for the bottom drawer for next few months in any case. Any views at these levels whether there could be some industry consolidation? | bbmc | |
11/10/2023 09:52 | Agree, not a great update but wasn’t really expecting much Sit and hold for me and wait for the economic recovery to start, whenever that may be | t-trader | |
11/10/2023 09:06 | A clear wait and watch now. Can see these drifting lower for a while now as there is no reason to buy. | dope007 | |
01/10/2023 12:33 | yes, and in a nutshell, that, along with the barrier to entry by way of requirement for clay reserves, and disciplined nature of competition represents the economic moat here. | m_kerr | |
01/10/2023 09:21 | Customers prefer not to import as, for a start, imports are more expensive. Reduced demand starts by hitting imports. | edmundshaw | |
30/9/2023 08:58 | Brexit hasn't affected transport costs | dope007 | |
29/9/2023 20:25 | the cost to transport bricks over here must cost a fair whack, and wouldnt have thought brexit would have made that process any easier or cheaper. that provides some protection from being undercut on price. forterra have their own 'surebrick' product. no idea if it will be popular, but housebuilders are always looking to cut corners wherever possible. | m_kerr | |
28/9/2023 23:39 | Is it just a cyclical volume (and margin) call .. The UK brick manufacturers have to compete with imports for starters. And this from Persimmon, how widespread could this be in a few years: | essentialinvestor | |
28/9/2023 22:06 | yes a bit odd, as house builders have seen decent share price growth over the past 6-9 months yet this has fallen steadily. lots of doom and gloom in the share price, but the real money is made buying these sort of cyclicals when the future looks a bit uncertain. on a medium - long term view this generates plenty of cash. the new desford plant should enable them to benefit fully from a recovery, whenever that is. | m_kerr | |
20/9/2023 13:09 | latest inflation data out: banks up 5%, housebuilders up 5%, forterra down? | magnets | |
20/9/2023 08:24 | They are well over stocked and having to go on less shifts and mothballing a factory. So they are reacting to the market conditions. Just need the housing market to get better which might take a while yet so its just a matter of weathering the storm at the moment. | upsondowns | |
18/9/2023 21:09 | damanko - yes remember reading that a while back. the poster was consistently saying how poor the bison pre cast acquisition was, and yes it's been a shockingly poor acquisition. this is a fairly simple business to run, with limited competition, selling a product that doesnt change much over time, and therefore doesnt require top management to deliver decent returns. they just need to keep the balance sheet healthy so that they have a cushion in a downturn, and return cash to shareholders from the solid and profitable core business. | m_kerr | |
12/9/2023 20:41 | Just looked at this thread for the first time in a very long time. It's still quite a quiet thread, no idea why, given the sector it resides in, and the pressure nationwide for new housing stock to be built, year on year - seemingly forever. I've looked at my paper records in an old file: I sold half my holding in 11/2018 at £2.73, the rest a year later at £3.35. I don't feel clever about those transactions, just lucky. The money went into savings accounts, which now yield 5%+. In the early days of this thread, one investor in particular, with some very good knowledge of Forterra, having (perhaps) worked as an employee or sub-contractor, was very sceptical regarding the management and forward strategy of the company. All this stuff is history, and can be read on the thread. I think as a result of what he wrote, and the information he shared, I eventually decided to sell. I would be interested to hear if current investors believe the Forterra management & BOD are once again heading in the right direction, and the company might once again become a decent long term investment..? Yes to the following: It suffered during the pandemic. It suffered from supply chain difficulties. It suffered from skilled labour shortages as a result of Brexit. And so on... And so did all companies, in similar sectors, yet look at the Forterra share price now, compared to, say - 4 or 5 years ago. Regards to all, and the best of luck in your investments. d. | damanko | |
06/9/2023 20:12 | Yes you are correct. I doubt the earnings downgrade cycle is yet complete and further trading disappointment may be on the way. | essentialinvestor | |
01/9/2023 16:27 | Those produicts have 30-40 year life expectancies anyway, so no-one is going to get sued for providing unreliable materials. Though it's pretty poor short term thinking building schools that will fall down in about 40 years... | edmundshaw | |
01/9/2023 16:08 | 60s and 70s they are saying | dope007 | |
01/9/2023 15:38 | Who provided the product in the first place might also be worth asking and is there a potential liability. I guess these are older buildings so perhaps not an issue?. | essentialinvestor | |
01/9/2023 15:36 | So all these falling down schools, hospitals, courts etc. Who is best placed to be providing the bricks and mortar for them? | dope007 |
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