Lots of landlords are / have been selling up. Property doesn't really make sense as an investment anymore.
But all that matters here is that housing units get built. And with net migration at the levels they have been in recent years, millions need to be built. |
I cannot see a housing recovery with a tax shortfall again in addition to higher taxes on stamp duty, CGT, IHT. This sector is a falling knife atm gawd knows when it'll recover |
Seems very little interest here. All optimism that the new government would turbocharge the building industry has disappeared.
ALways seen this as a far safer way than the housebuilders to profit from a house building boom, if it happens. |
Don't see why bid for MBH, just fine tune own capabilities, plenty home grown potential with refurbed factories.
Market share over profitability isn't wise here IMO. |
Hs it gone weak as possible bid for MBH? |
Bought a few here today. GLA. |
Just having a look at the sector this morning as it happens.
The operational gearing here is huge and obvs applies in both directions. |
Watching as soon May be a clear buy. If house builders upticks with new government plans late this year.think £1.70 is a below market value, and see £2 as a target in the short term. Watching and waiting. |
These should be 140-160 really at the moment |
Personally I think they're over valued if you look at their revenue stream |
Expected a dividend cut and right thing to do under the circumstances.
Results a little worse than I was expecting.
Optimistic things will start to improve moving forward and hopefully with the government supposedly building 1.5M homes our bricks will make there way to some of these. |
Fall in revenues and a large dividend cut with some hopeful news it will pick up soon |
On a tear since Sir Jimmys mate sir Kier and his merry band of commie anti British doofuses came to power. Strange. I suppose open borders = spiking housing demand |
Thu, 04th Jul 2024 10:08 Alliance News
Forterra PLC, up 4.5% at 171.80 pence, 12-month range 190.60p-122.20p.
RBC started the building product manufacturer with an 'outperform' broker rating. Also gives Forterra a 210p target price. |
Has anyone a view on why this is up 4% today? |
Positive SCVR on Stocko on this cyclical stock says good value for this brick builder |
you have to have a longer term view with this stock, it's not going to generate steady predictable earnings, as the earnings are lumpy. you should value stocks like this on average profits on a 5-10 year view, not taking one year and extrapolating. |
I mentioned on the last warning the earnings downgrade cycle
was unlikely to be complete and we have confirmation on today's update.
At a guess there is at least one more warning to come. |
"very overpriced in this market"? Do you mean looking only ahead around 12 months? Most of us here have a rather longer view...
If this was a startup with a one year PE of 12-15 and a 2 or 3 year outlook PE of 5 or 6, I doubt you would be sayng that... |
Surprised hasn't dropped more. Under pressure a whole so maybe priced in. 13.8 x forward earnings a bit rich though for a profit warning |
Unfortunately this is still very overpriced in this market. Profit will be down by more than 50% probably eps of 10p and debt now going in the wrong direction. |
Not a real surprize really probably mostly priced in. Question is when will the turnaround in demand occur.....and will it be New Labour building new houses or simply a cut in interest rates that re-ignites demand. There is still a lot of pent up demand. One for the bottom drawer for next few months in any case. Any views at these levels whether there could be some industry consolidation? |
Agree, not a great update but wasn’t really expecting much
Sit and hold for me and wait for the economic recovery to start, whenever that may be |
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