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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 76 to 99 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/2/2020
08:24
Bogdan, that's good advice. You're right about 'not selling' I can't remember who it was that said 'you'll never be poor banking a profit' and I understand that, but at the same time you'll probably never be the beneficiary of maximum gains either. I agree, if it's right, sit tight. I also hold DTG, sitting on an 80% gain... and again I'm holding. I'm in that industry so I was perhaps a little fortunate to see what the possibilities were when Thomas Cook collapsed. Also hold MPAC currently at about 20% up, but again holding and happy with the investments... I think you have to enjoy this as well. I must confess it's much easier to enjoy it when things are going your way of course:-)
npp62
11/2/2020
23:11
NPP62 - not trading is the key. I rarely hold for less than a year, often a couple of years or more. You must be doing something correct if you hold Fort. Fort is currently on a PE of 12.5. The combination of higher prices for bricks and more output could well mean a PE of 7 or 8 at this share price in a couple of years. Of course the share price will likely rise before then, but as earnings increase, if the PE rises to nearer 20 in a couple of years, based on the higher earnings we could have nearly double bagged by then. The point being that it is important not to take profits when we see, say, 50% gains here, or at the first sign of a pull back. The price will likely gain some, pull back some, gains some more and so on. Stick with it so long as there is value on offer, we should do very nicely here with patience. In investing, being right alone is never enough, you need the capacity both to be right and to sit tight, not common to find both capacities in the same person.
bogdan branislov
11/2/2020
22:28
Bogdan, im a very small holder here too. Have been for about a year I guess. I don't profess to be a trading expert, who is? But the trend is our friend at the moment, certainly upward. The news al seems positive. Happy to hold further. Must confess I'd love to make a living or even supplement my income (which isn't bad!) trading. I'm just not knowledgeable enough on the subject, despite dabbling for the last 20 years!
npp62
11/2/2020
20:37
I am a Forterra shareholder, multiple six figure. I have been following discussions here. Whenever anyone posts negatively it is usually because they are either shorting, not the case here, shorting Forterra would be insane, or an individual is trying to convince themselves that they are doing the right thing. I invest full time, my annual average returns are over 27% pa compounding since May 2009, almost 14x increase based on share price growth and divis alone. There are others in the UK with better records no doubt, but if if my performance was a golf handicap, then I would play off a minus figure. Enough about me, on to Forterra. Fort has suffered a little over the past 3 and a bit years, like many in the construction and construction materials sector. Better times now lie ahead, but watch out for the conventional land holding large house builders. They have a poor record at judging cycles and are misjudging this housing cycle which could run another decade. Their land holdings are not large enough, in most cases, once house prices in the North catch up a little, happening now, house prices won't increase much more, but land prices will. As the large builders pile in for land together the price of land will accelerate, eroding builders margins beneath them, even as their outputs continue to grow - not a problem for Fort though. Not all parts of Fort's business are firing on all cyclinders, but, brick prices are going to increase. UK brick supply is finite and yes, bricks can be brought in from Holland, but bricks don't travel well as they are physically heavy for their price, the transport price is proportionately high, once volumes from Holland begin to increase, Fort and the other UK brick makers will raise their prices. Add to that the new production facility and the outlook s strong for Fort. One of the things that has served me well as an investor is examining the balance sheet equity of a company during challenging phases, or if bump or two in the road appears. Fort's shareholder funds, also known as balance sheet equity, also known as net assets, have grown strongly every year. This company has great underlying strength, no doubt about that. The PE ratio is about half the average for the mid cap index, Fort is soon to enter the mid cap index and yet it is a far stronger business than the average mid cap, at half the average earnings ratio, how remarkable is that. Earnings growth is over prioritised. I am not saying that growth does not matter, it does, but earnings growth is less than half the story, balance sheet equity growth is more important as it reflects the shareholder funds. Earnings growth without balance sheet equity growth is a sham. Balance sheet equity growth while earnings growth is flat is still very positive. Anyway, Fort will pile on the earnings growth again shortly, in the meantime the shareholder funds have been growing very strongly. This overriding importance of balance sheet equity growth, not many investors realise that, it was Ben Graham's most important lesson and yet it is rarely discussed now. Fort is a compelling buy, no doubt about that, and an honest up front business as well, the management talks to shareholders straight, just what I like to see.
bogdan branislov
06/2/2020
07:19
Thanks D - I 100% agree with you that the share price has been good over the last 6 months - Nothing personal on my part other than seeing what was once a strong part of the Forterra business spiral. I only hope that the BOD have a strategy to address this. Intrigued and I look fwd to hearing from you in a year or so Regards T
thrumptasious
05/2/2020
01:44
Keep thrumping on Thrump, you may well be right. You're on a mission, that as we have discussed before is obvious, and possibly personal. Though, the share price movement in the last 6 months or so hasn't been so very bad, might you agree on that score? The market perhaps does not have your inside knowledge, and just looks at the bigger picture... Regards. d PS: I'll tell you something in a year or so...
damanko
04/2/2020
13:32
Some Key personnel are leaving the Forterra Bespoke business - I am of the opinion that purchasing the Bison business was a BIG mistake on Forterra's part. The acquisition is clearly having an adverse effect on the business. The bespoke year end / final results will no doubt reflect that
thrumptasious
23/1/2020
00:41
Forterra masonry business is going through an extremely difficult time, mainly driven by poor outputs which in turn is affecting their ability to deliver their goods on time. Not good considering that supplying heavy building products is contractual and failure to deliver on time can result in huge delay claims.
thrumptasious
22/1/2020
15:02
with the new production facility being completed by the Spring and the planned full output by 2022 this should be good timing for the expected housing building increase over the next few years, the big rises in housebuilders seems to support this trend as I interpret this
123ct
22/1/2020
11:03
This is not disappointing. This half will be tricky for the sector per se. The Tory win was never going to be the flicking of a switch, the benefits will take several months to show. Output is set to grow over the next couple of years and prices are likely to rise. The protective moat is as good as it gets and the balance sheet equity growth is very solid. This is also a straight talking company. Always useful to shake out a few weaker short term holders at this point.
bogdan branislov
22/1/2020
10:37
Progressive research bullish about FORT. "Fundamentals remain strong"Leading brick and masonry products manufacturer Forterra has confirmed it expects to deliver underlying PBT in the FY to December 2019E in line with expectations, after a resilient performance in Q4 against continued political and economic uncertainty in the UK. It now expects the challenging market conditions experienced in H2 2019 to "gradually improve" but anticipates that performance in H1 2020E will be below the level achieved in H1 2019. We have taken a conservative stance to our FY 2020E estimates, but believe the fundamentals remain strong, supported by housing and infrastructure
goldry
22/1/2020
08:29
Holding up surprisingly well this morning.
edmundshaw
22/1/2020
08:19
After that disappointing Update, FORT now looking over-extended and likely to pull back to c300p to consolidate, before pushing on again... free stock charts from uk.advfn.com
skyship
20/1/2020
18:15
Still climbing. Still looking good. More good news to come
npp62
15/12/2019
20:31
Lovely jump following the defeat of Herr Corbyn.
npp62
22/10/2019
11:09
The current climate is bound to produce a temporary volume slowdown, you find out a lot about these companies by how early and up front they are about this, Forterra has passed this test well, others will duck and dive until the results come out. Earnings growth every year is not important so long as the business is on a long term growth profile. Growth in balance sheet equity, specifically tangible balance sheet equity, is more important than earnings growth, although you need to see both over the longer term, as it demonstrates that the business is generating a genuine surplus for its shreholders. Forterra is looking very good for the long term and the management are clearly honest, definately one to hold for the medium to long term. Bear in mind the business and construction sector climate is likely to change for the better quite rapidly from here, A Forterra investment is perfect positioning for the upturn given the immense underlying quality of the business and the long term growth profile.
bogdan branislov
22/10/2019
08:55
The trading update is disappointing considering most other precast businesses are thriving at the moment in part due to Bison Precast inability to supply. Productivity in the Bison Precast business particularly flooring related is poor - I suspect that the come the end of the Year the flooring business will have lost money for the first Year this Millennia.
thrumptasious
22/10/2019
08:31
Short term political and economic uncertainty, the Board remains confident in its strategy and believes that the business is well positioned to benefit from attractive market fundamentals over the medium term. Newly increased dividend payout. Production ramp-up from 2022. Medium term looks great value, UK population set to hit 70 million in the next ten years (where is the housing) so I am ignoring current noise of the stuttering economy and adding for the longer term.
edmundshaw
16/10/2019
10:58
The DCF model seems reasonably fair. Of course there are many problems in using DCF (or the related Dividend Discount Model). It begs the questions of future demand and supply and of course margins, as well as the discount rate. But an interesting analysis, thanks for the link.
edmundshaw
15/10/2019
23:20
Looking good here!
npp62
02/9/2019
19:59
No comment on the following link, though interesting all the same...: https://uk.finance.yahoo.com/news/forterra-plc-lon-fort-trading-080136797.html
damanko
12/8/2019
19:01
Hi Damanko - I sold a large number of Sirius Minerals shares a day before the shares plummeted to single figures (I got caught out earlier this Year). I've since invested in Ibstock these pay good dividends and the shares are projected to increase in value. Forterra still remains a good investment choice, however and as mentioned I'm of the opinion that their Precast business will make a loss this year - their second half year results for Precast are likely to be worse tang those reported in July. T
thrumptasious
12/8/2019
17:50
Evening Thrump. Did you note the article on Sirius in yesterday's Sunday Times business section? Funds are drying up, backers appear to be either pulling out or postponing decisions on whether or not to invest. And by invest I mean putting cash in to enable the drilling project to continue. Many 'small' i.e. private investors have taken a bet on this company, I just hope (at this time) they have invested money they can afford to lose. Back on FORT topic, since flotation it's been quite a contrary share, the market may get hammered, and on that day FORT share price may well rise. And the same in reverse. As discussed previously, you don't rate Bison, I'll give things a year or three to see whether your posts on that subject bear merit. The Forterra dividend bearing in mind my buying price is more than quite acceptable, and for the medium term future I'll continue to reinvest them. As is always the case, time will tell. D.
damanko
09/8/2019
22:24
I personally don't think Forterra will hold onto their Precast business in the long term. Their CEO (Harrison) stated shortly after the Bison aquasition in 2017 that the return on investment (£20 million) would only take a year which was rather nieve of him. Looking at the accounts and half year results posted the Precast business is likely to make a loss this year (two years on). Yes the wider business is doing well but that said it would be in a much healthier position without the Bison business. In terms of share dividend Ibstock is by far a better investment choice
thrumptasious
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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