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|Forterra Daily Update: Forterra is listed in the Industrial Engineering sector of the London Stock Exchange with ticker FORT. The last closing price for Forterra was 201p.|
Forterra has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 200,442,068 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Forterra is £412,910,660.08.
|damanko: 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.
Forterra share price data is direct from the London Stock Exchange