Forterra Share Discussion Threads

[damanko] 21/4/2020 23:16

Thanks Thrump. I doubt the suspense was doing anything to you...

And I hope and trust that you and yours are well, and stay that way.

June I agree with, my other half is a civil engineer, though of course furloughed, her outfit seems to be gearing up for that month.

Do all you can to stay safe, you'll no doubt have noticed that young(er) boys and girls, i.e younger people walk far to closely to us.

Somehow, they just don't get it, they think they're immune to what is going on, and also don't seem to understand just what 2 metres means...


The rest? Forterra?

It's only money. Life and our health is far more important than money.


Cheers.

d.

[thrumptasious] 21/4/2020 20:55

Hi Damanko - I'm happy that I didn't have to wait for a year to pass for you to reveal your little secret, the suspense was killing me. It was very astute of you selling your shares at the right time, you did really well. For the future I do genuinely think that there will be more tough times ahead and that we haven't seen the share price bottom out as yet. That said it will be a good opportunity for investors like yourself to buy back in.

I suspect that many of Forterra's factories will continue to be either closed or remain on reduced volumes until At least June which is a U.K. common theme for obvious reasons.

I hope you and your family are all safe and keeping well

Best wishes T

[damanko] 19/4/2020 23:06

Thrump: When what I said a few months ago I'll tell you in a year, I'll say now:

In mid December 2019 I took advantage of the 'Boris bounce' and sold half my holding at £3.35 or so. No regrets of course, investing for one's future seldom has much to do with market insight, intelligence or foresight.

Much more about luck, and I was lucky.

I didn't buy a car or book a holiday, the money went into the bank, where it earns the princely sum of 1.2% per annum. Wow. But it's real money, not a gyrating figure on a spreadsheet, dependant on what happens each afternoon when the Dow opens...


E-Shaw, well done. Congratulations on managing to sell at a very opportune time. Like yourself I may well add in the future, but I'm going to be extremely careful, the market is so incredibly volatile that swings up or down of 5% plus or minus on a daily basis are becoming the norm. I've been investing for 30+ years, and have never seen anything like this.


In fact I'm minded to do nothing for the next 6 months or so, not buy, not sell - just wait things out.


d.

[edmundshaw] 19/4/2020 20:12

I did top up either side of 180p. Rather fortunately I sold out completely 340p (something I rarely do in a stock I like) because I thought FORT was overvalued in comparison to Ibstock; then the slide began... I started buying back from 250p. Pure luck, really, but made it easy to add here. I don't know if we will go to new lows or not (my guess is not, but if it did I would add further), but anyway I am just waiting here...

[thrumptasious] 18/4/2020 20:06

I think your right edmundshaw this will recover nicely once the world starts recovering that said I don't think we have seen Forterra bottom out as yet. I personally think the share price will fall further which will be a great opportunity for investors going fwd

[edmundshaw] 16/4/2020 13:40

Still hold. Not a lot to say really until the world starts rotating on its axis again...

[damanko] 15/4/2020 21:35

Still an extremely quiet thread, as I've mentioned before this can be a good thing.

However, given what's been happening on the LSE for the last month or so, I'm minded to say that not many private investors and/or ADVFN posters hold FORT:

I.E. 04/04, 06/04, 08/04 & 15/04 the latest posts.


6 months or so may sort that out, we'll see.


Regards to all fellow holders.


d

[npp62] 15/4/2020 19:05

Bogdan. COST picking up nicely at last.

[npp62] 08/4/2020 21:55

Nice jump today!

[skyship] 06/4/2020 09:21

Bought a few at the open @ 173.4p.

Story of the day thus far is the 10% rebound in the housebuilders..

[skyship] 04/4/2020 21:01

LM - this mentions Fort:

[lord mandelbaum] 03/4/2020 09:34

Interesting discussion and I'm also circling between bricks and housebuilders. FORT seemed to be the brick-co with the highest growth potential yet currently appears to be exhibiting more weakness than IBST.

Does anyone have any views why or is it just one of those unexplained vagaries we get now and again ? (smaller volume, less traded etc).

Could be a moot point anyway since I also think we'll retest 5000 so sitting tight for now.

[skyship] 02/4/2020 11:43

No, you may be right. Personally think it could relapse into the 5000 support level again; and hopefully encounter the same support we've seen before.

Incidentally, have I missed any other listed brickmaker?

[purplepelmets] 02/4/2020 11:14

MBH is interesting too due to its tiny mkt cap and high end niche products. Absolute takeover target. Still not convinced now is the right time to reenter yet

[skyship] 02/4/2020 10:11

Not sure whether to buy the housebuilders or brickmakers/?!@

Looked at Ibstock, Michelmersh and these. On balance likely to buy here; but in the meantime have bought two housebuilders - BKG & VTY.

This may interest:

[bogdan branislov] 25/3/2020 17:57

Cutting the divi was the right move in this situation. We are not at the end of this housing cycle far from it in fact with the current housing shortages. There is only a finite supply of UK made brick making. Greater importing of bricks from Holland etc will allow the UK suppliers to increase prices. Add to that Forterra's scheduled production increases. Forterra is a very strong business with a good operating margin and exceptional ROCE. The way that Forterra has steadily built its tangible balance sheet equity over recent years has also impressed me. I am about 12x (i.e. 1,100%)up from my May 2009 SIPP start point, vs the all share being up only about 80% with dividends over the same period, so I know what I am talking about when it comes to investing. This is a very attractive entry point to buy into Forterra. So attractive that anyone buying now and staying put for 2 to 3 years will likely triple their money, or more. Important to ignore the short term volatility though.

[lefrene] 25/3/2020 10:01

In the aftermath of current events and a possible general slump, one might see huge government sponsored social housing schemes, perhaps to help placate any rising social unrest?

In the meantime they have to cut their cloth according to day to day requirements, and hope to pull through. Of course everyone does this and it creates a vortex of falling demand and a slump.

[edmundshaw] 25/3/2020 09:42

Good stuff. And Ibstock RNSed a bit later almost a carbon copy statement.

[npp62] 24/3/2020 09:33

Then this along with plenty of others represents a great opportunity at these levels. Jam tomorrow

[thrumptasious] 23/3/2020 14:18

Hi Edmund - If it helps there has been an internal memo issued within the company that states that production will be reduced. I only mention or highlight facts in my posts. I think the share price hasn't quite bottomed out as yet but agree with you that there will be a big pick up later in the Year.

[edmundshaw] 23/3/2020 13:01

FWIW I would expect a big nationwide slowdown for this year, and shutting down production for a few months is quite a reasonable outcome here as in many other places.
But I am pencilling in a big pickup later this year or next. I take a longer view with my shares...

[edmundshaw] 23/3/2020 12:59

Thrump, I am merely relaying facts. You might be telling the truth, but putting out the facts helps other people judge for themselves.

[lefrene] 20/3/2020 16:43

In the scenario being lined up for us I would expect that shopping for houses will be way down the list of most peoples activities for several weeks, especially that many will lose their jobs, in what to me looks like an engineered slump. No point in making bricks only to have to find somewhere to stack them. I think it very likely that plants will be put on maintenance and mothball until things pick up a little. At least a few truck drivers can go off and help move toilet paper et-al to the panicked selfish shoppers!