Forterra Share Discussion Threads

[essentialinvestor] 12/12/2022 21:22

Dan, private equity sold in to the bull market. PE were big holders of the
sector prior to the spate of IPO's.

With the type of % returns they seek I don't see the sector as currently
attractive to PE take outs - but never say never etc.

[damanko] 07/12/2022 11:53

RCT & Edmund, I agree, and you'll see that I have always held similar views, since investing shortly after the Forterra IPO in 2016.

However, it's worth noting that the share price is currently at the level it was in 2017. 5 years ago. So not a great investment story/history for someone who put FORT into an ISA or SIPP in that year. Of course, the market, as usual, is dictating events in terms of confidence in the company's management, and thus the share price

Government targets regarding numbers of new build housing are irrelevant in my opinion. Construction companies will continue to do what they say on the tin, to their shareholders, i.e., grow the company and pay a decent dividend.

I tend to agree also that a takeover might well be on the cards. Especially for a Private Equity outfit...

d.

[edmundshaw] 06/12/2022 11:54

Like RCT, I see this as an easy long term hold, and have happily added at 208p and again under £2.

Is the government relaxation on the housebuilding targets really a problem short term? I am not so sure, but even if so, Forterra has a strong balance sheet and would comfortably see out a downturn in its markets, should be back over £3 once the economy and building look to take off again.

[rcturner2] 01/12/2022 08:21

I see this as a very long term hold. It is a classic value play with a massive moat. Construction of new homes is always going to be big business in the UK even if we have a bad year in 2023. I also think that over the medium term this must be a takeover target as such a solid business with a solid balance sheet. The Devro takeover is exactly the same model as I see here.

[damanko] 30/11/2022 22:01

Well, as usual we'll see, RCT - good call in my opinion. Sold half my holding a couple of years ago at £3.35, very happy to get back in. Soon. No brainer, given the pressure on housebuilders etc.

[essentialinvestor] 30/11/2022 14:12

RCT, looking limper than a vicar's handshake ATM.

When wider markets and many UK smaller companies are rebounding.

[rcturner2] 28/11/2022 11:41

I am in at 210p today.

[essentialinvestor] 22/11/2022 14:55

First hints at softer conditions to come?.

[cottlet] 26/10/2022 08:56

i see blackhorse the ramper has appeared here.................

[edmundshaw] 24/10/2022 20:14

Oh, is there any stock you HAVEN'T sold to buy (more) CURY recently? I gave up after counting 12 different companies on whose BBs you claim to have sold in the last few days to buy that same stock.

[blackhorse23] 24/10/2022 19:30

Mcap too high here against revenues , so moved to CURY (LSE)

[thrumptasious] 21/10/2022 08:35

SPAM removed

[rovi70] 21/10/2022 00:42

Hi to all. It's going to blow.

[rovi70] 27/7/2022 17:05

It's on it's way

[rovi70] 17/7/2022 15:56

Mail on Sunday recommended

[edmundshaw] 24/5/2022 14:08

The update said "materially ahead", which is usually around 5-10% ahead but could be a bit more (above 10% is often described as "significantly ahead").

Still, it's good news and we are IMO "substantially" undervalued, with the current market still very buoyant and demand drivers still strong. :))

[purplepelmets] 24/5/2022 10:19

Muted response to an excellent substantially above expectations update.

[libertine] 21/4/2022 11:33

Brickmakers enjoy unrivalled pricing power in booming new-build market

The 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.sharesmagazine.co.uk/news/shares/brickmakers-enjoy-unrivalled-pricing-power-in-booming-new-build-market

[tournesol] 21/4/2022 09:25

Mind you I'm trying very hard to maintain personal sanctions on the equally egregious regime in China and that's v difficult.

[tournesol] 21/4/2022 09:24

Well said Edmund. Agree 100%

[edmundshaw] 21/4/2022 08:37

Austria's finance minister in early April ruled out any EU sanctions that target oil and gas coming from Russia.

Wieneberger, HQed in Austria, is one of the main three brick suppliers in the UK (with Ibstock and Forterra). I for one won't be buying any building or other supplies from an Austrian or German company, as my personal sanctions against countries that are funding Putin's barbarous invasion and destruction of Ukraine. The idea that Wieneberger might even benefit from the reconstruction of Ukraine is pretty unpalatable...

I hope other decisionmakers in the UK might prefer to avoid Wieneberger and support our Uk-owned production where possible.

[thrumptasious] 10/3/2022 19:32

I know I couldn’t quite believe it - I must have been too fast on the post button.
I wonder if the recent management restructure is on the back of the poor results for Forterra’s precast business.