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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
  -4.00 -1.51% 260.50 259.50 260.50 278.00 259.50 278.00 241,249 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 291.9 -5.4 -2.6 - 596

Forterra Share Discussion Threads

Showing 26 to 48 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/1/2019
21:09
Best of luck indeed 😀 From a financial perspective the wider brick business will help support the Precast Division, that said as an investor I think the Bison acquisition will take a number of Years to recoup the £20 million it cost despite their CEO "Harrison" saying it would be Year. For a new investor Forterra Shares are a good price at the moment for an existing investor its a case of hanging in there.
thrumptasious
09/1/2019
11:08
Yes it will... Bought an IC the other day for the first time in years, just to see what the tips of the year for 2019 are. Sadly, Forterra is one, could be a kiss of doom. We'll see. As you might understand, the IC was quite gushing, have to say I remember a similar article on Polly Peck many years ago. I'll leave you with this: "Optima fortuna"
damanko
07/1/2019
21:35
Yes, "res ipsa loquitur" and looking at historical financial information (EBITDA) for the Forterra bespoke precast business £m 2015 - 6.6 2016 - 7.0 2017 - 6.3 (Bison acquired Sept 17 for £20 million) 2018 - 3.0 Following an investment of £20 million I suspect that the stake holders of the business would expect to see an improvement in operating profit and not a significant drop as shown above! I am sure you will agree that the results don't make good reading and there is much to do to successfully and fully integrate Bison Precast into the Forterras business - It will be interesting to see performance for 2018 Year End.
thrumptasious
07/1/2019
20:07
Interesting post Thrump, thanks for your input. Your first post I believe. I'm quite interested in where your information comes from, you seem quite firm in your opinions regarding Forterra's acquisition of Bison, and the ongoing prospects.
damanko
06/1/2019
22:08
Forterra Bison precast business is likely to have disappointing results for 2018. The integration of the Bison Flooring Business acquired for £20 million in 2017 has not gone particularly well and as a result profits in this area will not meet expectations or budgeted levels. There has been high staff churn and a number of managerial changes within their precast business which is disappointing for a company that strives to be an employer of choice.
thrumptasious
04/1/2019
14:19
FORT is Jonas Crosland's New Year tip in the IC. Apparently JC is a very well respected stock-picker.
skyship
20/9/2018
20:53
Dropping sharply - I suspect this is due to Woodford reducing/closing his position. The same thing happeend to PSDL a few weeks ago. Anyway good opportunity to pick up very solid business at bargain level.
riverman77
04/9/2018
17:47
Huge volume in the last 2 days. What is happening?
cascudi
04/9/2018
13:24
Back to 300?
cascudi
29/7/2018
02:35
Forterra (FORT) Earnings-Reaction to Keep an Eye http://crweworld.com/Earnings-Calendar
danieldanj
24/5/2018
11:30
Cheers Slopsjon2 & THORPEMATT, This thread continues to amuse and surprise me, in that it is so little used, and Forterra is seldom commented upon. Though sometimes that can be a good thing, it'll be interesting to see the number of posts over the next few years, when Brexit really does kick in. Brexit (in my opinion) will have little impact on Forterra's business, in fact it may even help. House builders will pay no import duties on produce that is solely UK sourced. The recent Bison acquisition will also help revenues. I invested shortly after the flotation in 2016, for simple, basic reasons, and definitely on a long term basis, to wit: Britain needs houses Houses need bricks UK Government is adamant that new housing stock will be increased Forterra is the UK's second largest brick maker Something like 40% of new housing providers use FORT's bricks I'm experiencing a 6% starting yield on my investment, reinvested twice each year of course. The lack of interest on ADVFN in Forterra makes me wonder about what exactly private investors are looking for when providing for their future. Sometimes I reckon we're almost back to dot com 'boom' stuff. IE growth stocks, not good old fashioned manufacturing companies, producing stuff the country desperately needs. And paying a decent dividend/income. Perhaps I'm too old fashioned. Perhaps...
damanko
22/5/2018
07:30
Trading update In common with the rest of the sector, trading in the period was affected by the severe weather. This led to lost production and delays in construction activity which impacted demand for our products, particularly during March. In recent weeks we have seen activity levels resume and whilst there may be some lag from certain product sectors, we anticipate that overall the shortfall will be made up through the rest of the year. As reported previously, price increases for the year have been agreed with most customers in order to cover the increase in the cost base. Group revenue for the four months was 12% ahead of the prior year, including the benefit of the Bison business acquired in September 2017. The Group continues to generate good levels of operating cashflow, with an expected increase in trade receivables during the spring selling season. Net debt at the end of April was £72.6m compared with £60.8m at the start of the year. The outlook for the Group remains positive and the Board's expectations for the full year remain unchanged. Brick capacity expansion Having completed the evaluation of options for increasing brick capacity, the Board is pleased to announce that a planning application for redeveloping the site at Desford in Leicestershire is being finalised. The facility currently has an annual production capacity of 85m bricks, and the expansion project will lead to a new factory capable of producing up to 180m bricks per annum in total at an expected capital cost of £90-95m. The existing plant will remain operational until the new facility built alongside is completed. Subject to planning consent being received, it is anticipated that the new plant will be commissioned in late 2021 and that the capital expenditure will be spent over the period 2019 to 2022. Enabling and preparation costs of £1.5m relating to the project have already been committed and included in the capital budget for the current year. The expenditure will be funded from the free cash flow generated by the business as well as the Group's existing debt facility. The Desford expansion project is anticipated to deliver an internal rate of return (IRR) over 20 years in excess of 15% after tax. Stephen Harrison, Chief Executive Officer, commenting on the proposed investment said: "The high level of capacity utilisation in the UK brick industry, together with the attractive long term fundamentals on housebuilding supported by government policies, provides a sound basis for this major investment. "We have chosen redevelopment of the Desford site as the favoured option of those considered as it enables us to replace the existing plant with a larger modern facility, providing both additional capacity and the benefit of a lower production cost. This will give us the flexibility to continue to serve our customers and meet their requirements as the market grows. "The project is a key part of our strategy to grow our core business and pursue manufacturing excellence, driven by our strong customer relationships as well as our people. It will enable us to continue delivering sustainable shareholder value."
slopsjon2
18/4/2018
16:08
A significant breakout on the chart here I see. Awfully undervalued forward valuation PER of leass than 12. For such a quality business with rising broker forecasts I'd expect much higher rating.
thorpematt
08/3/2018
16:21
Phillis, That was my rationale/reason for investing 2 years ago. It applied then, applies now, and I find it difficult to see that changing anytime soon. Possibly not in my lifetime. Rhetoric aside, the current and future governments of whatever label will remain under pressure to step up house building. And as you imply, houses need bricks.
damanko
06/3/2018
09:29
what is good for housebuilders must surely be good for brickmakers?
phillis
16/1/2018
17:06
Don't think so, but the best thing you can do is call the investor relations number Chart looks like it might go for a triple bottom @278p
return_of_the_apeman
15/1/2018
14:34
Daft question perhaps but anyone know if this company had direct link/contracts with Carillion?
jamieb73
09/1/2018
18:16
Danny, hello. The risks? Same as any other investment on the LSE... Just a small company, very decent dividend, in a government sponsored growth industry.
damanko
08/1/2018
11:12
Couldn't get through the 300 barrier
return_of_the_apeman
03/1/2018
11:28
Quite like the look of this one, especially with the mentioned 300k house build target. Any key risks that longer-term followers perceive that I might have missed?
dannyb7
18/12/2017
08:44
It is reported that Woodford Investment Management has increased its share in FORT. It seems to indicates that the result is going to be good? hence his increasment? [...]
compnews1
22/11/2017
10:06
Yes, decent TS - no drama, just steady as she goes. With the UK government pushing for 300K new build houses each year, Forterra should be set fair. Also Bison looking okay, precast flooring in particular is a growth market, saving construction outfits time & labour costs. See link below: hxxp://www.bison.co.uk/blog/bison-acquisition-doubles-precast-production/
damanko
22/11/2017
08:39
WE NEED TO SEND 3M GRUNTS BACK OVERSEAS THEN THE HOUSING PROBLEM WILL SOLVE ITSELF!
o1dsmokie
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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