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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
  2.00 0.77% 262.50 264.00 266.00 267.00 260.00 260.50 170,961 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 291.9 -5.4 -2.6 - 600

Forterra Share Discussion Threads

Showing 51 to 74 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
09/8/2019
20:54
bison is currently a drag on profits, and not looking like a good use of shareholders funds, but it's worth remembering it's a drop in the ocean compared to the £550m enterprise value, and £53m annual profits. the core business is very stable and profitable.
m_kerr
04/8/2019
17:06
Thanks Husbod - Forterra are in he process of making redundancies within their Precast bespoke business (Bison), they are clearly looking at cutting costs on the back of the disappointing 1/2 year results. Comparing past performance (P&L) I suspect that come the end of this Year that Forterra Bison business will have lost the equivelent of almost 50% in profits of what they paid for the Bison business in the two years that they have owned it.
thrumptasious
04/8/2019
17:06
Thanks Husbod - Forterra are in he process of making redundancies within their Precast bespoke business (Bison), they are clearly looking at cutting costs on the back of the disappointing 1/2 year results. Comparing past performance (P&L) I suspect that come the end of this Year that Forterra Bison business will have lost the equivelent of almost 50% in profits of what they paid for the Bison business in the two years that they have owned it.
thrumptasious
04/8/2019
07:46
Thrumptasious if you look at the lists of trades someone sold over 239000 at 1635.
keifer derrin
03/8/2019
18:51
Hello Husbod, Sorry I've no idea what you are referring to here, could you elaborate please?
thrumptasious
02/8/2019
17:16
Who was responsible for that big sell I wonder and why did they sell - our exposure to the uk market maybe.Anyway the share price drop is well overdone imo.
husbod
01/8/2019
10:55
Hello T. I don't think you're reading the results wrongly, clearly the Bison stuff is proving problematic, I get what you say... Sirius Minerals? A great story waiting to happen. And therein lies the problem. It's still waiting to happen. Massive investment needed, and where are those funds coming from? 2016, share price 11 pence. 5 years on, share price close to 15 pence. Interesting to read the word amortisation in your post, having run a logistics business in East Africa I understand it. Depreciation is easy to understand, amortisation is not. Enough said. For now.
damanko
31/7/2019
20:19
Hi Damanko - Although the Bison flooring plant is high tech, very modern and relatively new factory it has never been a profitable business. As a flooring business It is not particularly designed to deal or cope with the needs of the UK housing or domestic market. This is is clearly being reflected in the half and full year results since the acquisition. Unless I'm reading the results wrong a (£400k) for Bison Precast after depreciation and amortisation must be the worst results ever. You did really well with our investment at £1.70ish which demonstrates that you must be quite astute, the Taylor Wimpey is a good call too, they are a key account for Forterra. Have you any thoughts on Sirius Minerals? Do you think this is worth investing a few ££'s in?
thrumptasious
31/7/2019
09:57
Thrump, Thanks for your candid reply, as you know I suspected a connection, not rocket science after all, given what you've posted to date. After the flotation froth had settled in 2016, I invested in FORT at one seventyish. As mentioned before, the rationale seemed quite clear. Britain needs houses. And houses need bricks. For the same 'supply chain' reason I invested in Taylor Wimpey. 3 years on I'm not regretting either purchase. What is it precisely that you don't like/rate regarding the Bison acquisition and business model? On the surface and with no inside information, it would seem a decent fit.
damanko
30/7/2019
19:24
Hi Damanko, yes I am an investor, I did capitalise on the drop in share price today so it's not all doom and gloom. The Bison Precast business is not performing particularly well, and is going through a period of transition - let's hope it improves going forward
thrumptasious
30/7/2019
16:53
Hello again Thrump. Your posts on this thread have been resolutely negative in terms of Forterra as a business, and whether results give hope for the future. You're not by any chance connected in some way to Bison, as your posts always seem to veer towards that side of the business...?
damanko
30/7/2019
12:39
A further set of poor results from Bison Precast - This division of Forterra would surely be in serious trouble if it was a stand alone business and not supported by the operating income of the block & brick division. Bison Precast - Turnover up, capital expenditure up .......where is it all going wrong??
thrumptasious
30/7/2019
12:36
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FORT/14167612.html
damanko
25/7/2019
20:34
brick makers are the pick and shovel sellers of the housing boom. whoever builds the houses, and what price the houses are sold at, don't mean anything, what matters is the volume of houses that are built. they enjoy protection from competition abroad due to high shipping costs, and barriers to entry because of the clay reserves.
m_kerr
20/7/2019
00:20
Questor: why you should buy this brick maker even while house building is comatose https://www.telegraph.co.uk/investing/shares/questor-should-buy-brick-maker-even-house-building-comatose/
philanderer
17/5/2019
17:35
the operating numbers bison produces look terrible. however, the rest of the business generates excellent margins and cash returns on capital. i was aware of the business, and assumed they were offering commodities that mean excess returns would be competed away, but the phil oakley article has made me look at the business. the 30-50 years of clay reserves look like a formidable barrier to entry, and the fact that 4 or so producers control 90% of the market should mean they can expand with discipline.
m_kerr
13/4/2019
22:13
Bison Precast results were disappointing only time will tell whether the Bison acquisition was a good investment - looking at past results its not looking promising at the moment. Turnover increased to £100 million however profits were significantly down,
thrumptasious
12/4/2019
10:55
Good news re the planning grant, 320 here we come.
abbett1
05/3/2019
14:28
Good news on Ibstock, hope Fort is to follow on.
abbett1
04/3/2019
19:29
Ibstock tomorrow Forterra to follow soon after
thrumptasious
03/3/2019
23:52
Results out soon
abbett1
27/2/2019
14:28
Positive news on all the major house builders now, hopefully it will start pushing Fort up a bit further now.
abbett1
14/2/2019
10:52
I've also read this article and it sounds fairly positive when you take into accounts what's happened with the kiln. I've been trading for a couple of years now and this is actually my first post. I should of bought in at the back end of last year(end up going with paypoint) but wanted to see what was going on with the housing market first. From all the positive trading figures from the major house builders then surely it can only be good for this company. I actually trade in land to some of the national builders and they don't seem to be slowing up on purchasers at the moment - this obviously doesn't mean they won't just be land banking. I'm fairly certain I will be buying these shares its just trying to decide on if I do it before or after the march announcement. I'd probably be looking to hold onto them for 12months max, to take advanted of the help to buy scheme while its still running.
abbett1
15/1/2019
09:52
Trading update: Word of the day .....: "Debottlenecking" - Quite like that. 15 January 2019 Forterra plc Trading update Forterra plc, a leading UK producer of manufactured masonry products, provides this trading update for the year ended 31 December 2018. Trading in the final quarter of 2018 was good, underpinned by the sustained strength of the new build residential market. Based on this, full year profit before tax is anticipated to be in line with the Board's expectations. Brick volumes for the year were modestly ahead of 2017, and we were able to meet demand through a double digit increase in output reflecting full year production at the Accrington and Claughton facilities, and the investment made in debottlenecking projects. This increase in output meant that brick inventory levels reduced at a lower rate than in 2017, and there was a better balance between sales and production. Overall block sales volumes were ahead of prior year, with aircrete volumes increasing as the substitution effect of aggregate blocks in 2017 was reversed. Sales of precast concrete products have continued to improve as anticipated, and the integration of the Bison Swadlincote facility has progressed well with a sustained increase in productivity during the last quarter. The kiln repair at the Desford brick plant in Leicestershire was completed before Christmas and production re-commenced. The Group continues to generate a strong level of operating cashflow, helped in the last quarter by improved working capital arising mainly from collections of receipts from customers. Capital expenditure included an investment of £4.5m made in December 2018 to secure further long-term clay reserves for the London Brick facility. Net debt at 31 December 2018 was approximately £39m compared with £61m at the start of 2018. The UK brick market has continued to perform well, with high levels of capacity utilisation across the industry due to the sustained increase in new housing output over the last few years. Brick imports have increased to help satisfy demand and now represent over 16% of total UK demand. The overall fundamentals of the market continue to be favourable, supported by the Government's commitment to further increase new housebuilding. In this context, the Group announced in May 2018 a project to build a new brick factory at Desford which will increase our total brick capacity by 16% whilst also reducing the cash cost of production. The application for planning consent for this project is being progressed following submission to the local authority. Annual results for the financial year ended 31 December 2018 will be announced on 12 March 2019. Enquiries Forterra plc: +44 (0) 1604 707 600 Stephen Harrison (CEO) Shatish Dasani (CFO)
damanko
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