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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Forterra Plc | FORT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.60 | 2.19% | 168.00 | 16:29:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 167.00 | 165.40 | 168.20 | 168.00 | 164.40 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 12/9/2023 20:41 by damanko 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. |
Posted at 26/6/2023 15:15 by edmundshaw EssentialInvestor, yes the dividend may be a bit lower for one year, but as long term investor I am more interested in the long term yield. Stocks will need replenishment at some point, and an awful lot of housebuilding still needs to be done. Efficiencies and high barriers to entry should protect the long term earnings potential IMO... |
Posted at 21/4/2022 11:33 by libertine Brickmakers enjoy unrivalled pricing power in booming new-build marketThe latest trading updates from two listed building materials producers - Ibstock (IBST) and Brickability (BRCK:AIM) - shows investors that the market for new homes remains in rude health despite concerns over affordability. Demand for materials is so strong that suppliers can recoup all of their increased costs by pushing through price increases to developers. hxxps://www.sharesma |
Posted at 10/3/2022 13:27 by edmundshaw Rose on the expectations after Ibstock results yesterday. Good results, but not a lot better than expected and holding up on a market down day.Rerating will come when investors realise that margins were hit last year even though volume was good, and when new and more efficient production kicks in. Demand is surely going to remain robust for years yet with the housing shortage... Love that we are going to generate most of our own electricity from Forterra solar panels!! I wonder what the storage solution looks like, though. |
Posted at 21/2/2022 22:02 by m_kerr IMV this is the smart way to access investment returns from the housing market. no exposure to land values, no debt, and it has pricing power. very little risk of the product becoming obsolete. the industry is in a far better share for investors than it's been in many years. i say BUY |
Posted at 12/3/2021 17:58 by damanko Bonjour encore Thrump.Retain half my holding from 2016, well in profit of course, and, given the recent results the company seems to be coping with what I call 'the lost year' quite well, unlike many other pure manufacturing outfits. I won't be selling the rest anytime soon, the reasons I invested some 5 years ago are as relevant as ever. I only sold half as I felt the share price had got a little toppy in 2019. And it's now again definitely heading in the right direction. I wonder sometimes how many private investors last year, when the share price hovered around the £1.60 mark thought things had bottomed out, and took a punt? That's even less than I originally paid... Slightly OT, are you in France? I've been unable to visit my place in Brittany since January last year. Regards and stay well. d. |
Posted at 26/11/2020 09:06 by edmundshaw But the profit taking has landed us back where we started. That is a bit of an over-pullback. I wonder if the reality of the UK's dire finances is hitting investor confidence in the government's grandiose growth plans for infrastructure and perhaps even housing... |
Posted at 04/7/2020 18:33 by thrumptasious Lefrene you mention in your blog above (191) that Forterra seems to be a well run company, they spent 20 million acquiring the Bison business at Swadlincote just a couple of years ago. It seems that as prospective buyers they may not have completed a comprehensive appraisal to establish its commercial potential and liabilities(Due Diligence).That said it's history now and their Hollowcore factory is set to close - It's a large site and will be costly asset to the Forterra business even when mothballed or indeed closed. They do of course have the option of selling however if they ever did I suspect they wouldn't get anywhere near what they paid for it. A well run business - I'm sure there are many share holders ,private investors and the poor souls that are losing their livelihoods whom may think differently Just my humble opinion and written without predjudice |
Posted at 02/7/2020 19:55 by thrumptasious Καλ&#I think I previously mentioned that this share would bottom out (almost 10% today) that said I don't think it's quite there Yet and suspect there more doom and gloom ahead particulary for those investors who purchased some time ago. Great opportunity for new investors though. I will wait for the 1/2 year results before making a longer term commitment. Lots of redundancies are on the horizon - I guess there is always the option of Forterra cutting costs further and possibly using the services of call centres and computer aided design technicians in India Good luck everyone especially the BOD at Forterra your all doing a great service for your stakeholders |
Posted at 14/2/2020 13:52 by bogdan branislov np..62 - My primary influence in stock picking is he writings of Peter Lynch. Glenn Arnold's value investing gives a good analysis of the value investing approach of several investors including Lynch - that book is well worth a read, a good starting point, although the final third of the book is less useful, it is the analysis of the investors that is the important bit. Like Neff and Lynch I start off with the total return ratio, or what I call the Neff cash/debt adjusted total return ratio. An inverted PEG ratio that factors in the divi and cash/debt. The ratio is the sum of the projected average annual growth for the company for the next 2 years and the current yield, divided by the current (i.e. previous full year, cash/debt adjusted PE ratio). This may sound complex but it is not. If a company is projecting 12% growth in the current year and 8% the year after, the average is 10%. If the current yield is 3, then the top of the equation or the total return is 13. I take the cash debt as a percentage of market cap. Now, assessing debt as a proportion of market cap is seen as dangerous, obviously because if a stock is over priced, the debt could be crippling but a high market cap could misleadingly make the debt look safer when it is not. But I am not assessing debt risk at this point, just adjusting the PE accordingly. So if the the net debt is 10% of market cap, then I multiply the PE by 1.1, if there is net cash of 10%, I multiply the PE by 0.9. This makes the bottom half of the equation. Obviously the higher the Neff ratio the better. A figure of 0.5 is around fair price, 0.7 would begin to interest Neff but he had a huge fund to manage and needed more holdings than the private investor, the private investor is looking for a figure of close to or even above 1. Obviously this is just the start, how profits feed into balance sheet equity, or often don't, is the most important consideration of all, but i don't want to overload in one post. For now, is the Neff ratio clear from the above. Bogdan |
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