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Forterra Share Discussion Threads
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See attached link, explaining Forterra's international footprint. Hope this helps.
|Damanko do you know if FORT's manufacturing is all UK based? It appears so having skimmed their prospectus. If so, might be considered a strength with Brexit looming, ie., limited exposure to increasing costs associated with weak/uncertain GBP.|
As far as I'm aware the answer to your question is: Ibstock. See link below. If it were listed on the LSE I would have considered investing a similar amount to my long term buy in Forterra...
It seems reasonable to assume that both companies should prosper over the next few years.
If these are the second leading brick maker, Who is the leader?
|Getting ready for the next leg up.|
|I think Bovis Homes results today didn't have a good effect on FORT.|
|Agree with much of what you say bollers. Though as stated - for me this is one for the longer term, for once (multi party) politics is onside when it comes to finding a solution, whatever the economic circumstances.
As we know there is actually only one solution to a problem that has dogged the UK for many, many years.|
|one for all and all for one - now the 3 house brickeers.
I bought a few a month ago for the same reasons as cited above.
After years of waffle there does seem to be political will to encourage house building at the moment.
My main concern to stop me buying more is inflation/higher interest rates=higher lending costs=lower house prices=less houses built.
Affordability for people buying their own homes is already low, and looks like getting worse.
My guess is buy to let is holding things up currently, while prices keep rising and rent yields exceed interest rates, house prices are fairly immaterial if you have cash in the bank. I would think demand could quickly cool if things reversed.|
I will hold this for some years to come, because:
The UK is short of new build housing
New houses need bricks
Political pressure is mounting to build on a much larger scale
Forterra is Britain's second largest brick maker
Their speciality bricks are in demand
I'm comfortably ahead in terms of buying price, and fully expect Forterra to prosper, though only if it is looked after/run properly. It appears from my initial research to be managed by hardened professionals, with many years experience in the business, rather than financial whizz kids. We'll see. Glad to have you aboard, though look out, FORT can be a tad volatile, it often moves against the market for no particular reason. Often up on a bad day, and vice versa.
In my experience it is well below the radar of many private investors, though decent results and dividend uplifts in due course may well change things in that respect.
And then there were 2 ...|
Are you still holding this one? If yes, you are no longer alone here. If not, then I am going to be alone here!
I only saw this share last night, and it was love at first sight! Straightforward business, which is only going to grow over the medium to long term. Bought first thing this morning, hoping to sell at 25% profit in less than 6 months time.|
|Third, and quite possibly given the lack of interest in a potential FTSE 250 IPO my last post on this thread, though I doubt it.
I would like to think that the massive new build housing projects in various regions of the UK, all of which will involve Forterra on a large minority basis in terms of supplying bricks, blocks & several other construction items might entice serious investors as well as traders.
Forterra Share News (FORT)
Industrial Engineering - - - - 334.50
Forterra plc Admission to the London Stock Exchange
UK Regulatory (RNS & others)
Historical Stock Chart
1 Month : From Apr 2016 to May 2016
Click Here for more Forterra Charts.
RNS Number : 2772W
26 April 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
26 April 2016
Admission to the London Stock Exchange
Further to its announcement on 21 April 2016 relating to the initial public offering of its ordinary shares (the "Offer"), Forterra plc is pleased to announce that its entire ordinary share capital of 200,000,000 ordinary shares ("Ordinary Shares") has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's main market for listed securities under the ticker "FORT" (ISIN: GB00BYYW3C20).
Joint Global Co-ordinator
and Joint Bookrunner
Credit Suisse: +44 (0) 20 7888 8888
Joint Global Co-ordinator,
Joint Bookrunner and Sponsor
Deutsche Bank: +44 (0) 20 7545 8000
Citigroup: +44 (0) 20 7986 4000
FTI Consulting (public relations
adviser to Forterra): +44 (0) 20 3727 1340
Neither this announcement, the publication in which it is contained nor any copy of it may be made or transmitted into the United States of America (including its territories or possessions, any state of the United States of America and the District of Columbia) (the "United States"). The securities referred to herein have not been and will not be registered under the applicable securities laws of the United States and, subject to certain exceptions, may not be offered or sold within the United States. There will be no public offering of such securities in the United States.
This announcement is not for publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Japan, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, the securities referred to herein to any person in any jurisdiction, including the United States, Australia, Canada, Japan or South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful.
This announcement is only addressed to and directed at persons in member states of the European Economic Area ("EEA") who are qualified investors ("Qualified Investors") within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71 /EC and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the Relevant Member State of the EEA) and any implementing measure in each relevant member state of the EEA (the "Prospectus Directive"). Any investment or investment activity to which this announcement relates is available only to and will only be engaged in with such persons.
In connection with the Offer, Credit Suisse Securities (Europe) Limited ("Credit Suisse") and Deutsche Bank AG, London Branch ("Deutsche Bank") are acting as Joint Global Co-ordinators and Joint Bookrunners, Citigroup Global Markets Limited ("Citigroup") is acting as Joint Bookrunner. Deutsche Bank is acting as Sponsor. The Company, LSF9 Concrete UK Ltd (the "Selling Shareholder") and each of Deutsche Bank, Credit Suisse and Citigroup and their respective affiliates (together, the "Banks") and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.
Credit Suisse and Citigroup are authorised by the Prudential Regulation Authority (the "PRA") and regulated by the FCA and the PRA in the United Kingdom. Deutsche Bank AG is regulated by Germany's Federal Financial Supervisory Authority, BaFin, and is also authorised by the PRA, but may only be subject to limited regulation by the FCA and the PRA and is acting through its London branch. Each Bank is acting exclusively for the Company and no one else in connection with the Offer. They will not regard any other person as their respective clients in relation to the Offer and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offer, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
In connection with the Offer, each of the Banks and any of their respective affiliates, acting as investors for their own accounts, may purchase Ordinary Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Ordinary Shares and other securities of the Company or related investments in connection with the Offer or otherwise. Accordingly, references in the Prospectus to the Ordinary Shares being offered, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by any of the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their affiliates may enter into financing arrangements and swaps in connection with which they or their affiliates may from time to time acquire, hold or dispose of Ordinary Shares. None of the Banks intends to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
None of the Banks or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of, the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
In connection with the Offer, Deutsche Bank as "Stabilising Manager", or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, over-allot Ordinary Shares or effect other transactions with a view to supporting the market price of the Ordinary Shares at a higher level than that which might otherwise prevail in the open market. The Stabilising Manager is not required to enter into such transactions and such transactions may be effected on any securities market, over-the-counter market, stock exchange or otherwise and may be undertaken at any time during the period commencing on the date of the commencement of conditional dealings of the Ordinary Shares on the London Stock Exchange and ending no later than 30 calendar days thereafter. However, there will be no obligation on the Stabilising Manager or any of its agents to effect stabilising transactions and there is no assurance that stabilising transactions will be undertaken. Such stabilisation, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilise the market price of the Ordinary Shares above the price at which each Ordinary Share is to be issued or sold under the Offer (the "Offer Price"). Except as required by law or regulation, neither the Stabilising Manager nor any of its agents intends to disclose the extent of any over-allotments made and/or stabilisation transactions conducted in relation to the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
|The UK's second largest brick maker, Forterra - floated on the LSE main market 26th April 2016. With a market cap (£350M+) sufficient to hoist the company towards the FTSE 250 in due course, performance & price uplift permitting.
Interesting times for brick makers. Politicians (of all hue), journalists, construction analysts and especially Joe Public would all agree on one simple fact -: demand for new housing in our cramped little country far outstrips supply.
The supply/demand ratio is unlikely to change anytime soon, however logic suggests that over time it needs to change quite dramatically, and with the ongoing impact of immigration, a great deal more housing will be needed.
A third or more of UK new build housing developers use Forterra's unique style of bricks during construction.
In investment / stock market terms there is unlikely to be any such thing as a 'no brainer'.
However I bought in a few days after the IPO, and see this as a medium to long term jobbie. Looking at recent trades, many of the sells are so small (and so similar) they're likely to be employees & pensioners belonging to the company cashing in on free shares, or internally issued equity.
There is currently no indication of income/dividend forecast, when the board publish this I'll edit this post to include it, along with starting yield at the IPO price.
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