Forterra Share Discussion Threads

[damanko] 03/7/2020 09:55

Sphere, spot on in your analysis. Thanks. Though as I've mentioned once or twice over the past 4 years, this can be quite a contrary share, often when the market tanks, FORT will go up for no discernible reason. And the same in reverse...


Here I go - being boring. Again: Britain needs houses. Houses need bricks. Despite the recent financial shenanigans, this remains a fact. I think that a year or so will sort this stuff out. I think Thrump seems to be correct in his opinion regarding the Bison acquisition, but only time will tell on that score.


d.

[lefrene] 03/7/2020 09:34

The fact that many apparently sound companies are making placings to raise cash to bolster reserves, indicates that a deep recession is anticipated and reserves will be needed to get through it. They are raising money now whilst they can while their market cap is still solid enough.

Mortgage lenders are pulling many 'products' off the market thus tightening down the hatches to reduce their risks, which of course becomes self prophesying. Little things like Banks withdrawing free small overdraft facilities is happening, just another turn of one of many small screws.

This seems to be a well run company but they know the storm is very close.

[pugugly] 03/7/2020 08:07

Breaking down through 185p- Thoughts as to likely bottom?

[damanko] 03/7/2020 00:59

Thrump,

Your opening comment was 'Good Evening Everyone'

Just in case non Greek speakers didn't get that.

Trust all well in Normandy. Having sold half my holding at £3.35 a few months ago, I'm looking forward to see what happens in the next year or so...

[thrumptasious] 02/7/2020 19:55

Καλησπ^1;ρα σε όλους

I think I previously mentioned that this share would bottom out (almost 10% today) that said I don't think it's quite there Yet and suspect there more doom and gloom ahead particulary for those investors who purchased some time ago. Great opportunity for new investors though. I will wait for the 1/2 year results before making a longer term commitment.

Lots of redundancies are on the horizon - I guess there is always the option of Forterra cutting costs further and possibly using the services of call centres and computer aided design technicians in India

Good luck everyone especially the BOD at Forterra your all doing a great service for your stakeholders

[husbod] 02/7/2020 19:31

Btw another little known effect of Wuhan flu is that the normal rules of dilution no longer apply- this share should be north of the issue price but south of the immediately preceding market price. Instead it's way south of the issue price. Just like SWG one of my other holdings.

[husbod] 02/7/2020 19:27

Topped up a bit today. Just glad it wasn't a rights issue otherwise I'd have paid more.

[damanko] 02/7/2020 17:34

Cheers Keifer,

I think many PI's will make money from what you call 'this'.

But I may be wrong. I often am...

Price today: £1.86

Let's see what happens in the next 12 months or so.

d.

[its the oxman] 02/7/2020 09:02

Guess we are financially secure and well placed to take advantage of any opportunities now. Going sideways it seems until wider recovery becomes more obvious.

[husbod] 02/7/2020 08:48

Just about to say the same thing. It is however one of the lesser known side effects of Wuhan flu - placings as opposed to rights issues. But by the same token the post placing share price tends to fall well below the placing price even if the rationale for the placing makes sense.

[edmundshaw] 02/7/2020 08:28

Unclear that we have been sold down any more than other companies - in particular, the share price falls in Ibstock are comparable.

Dilution of approx. 1/8th. 195p is not a big discount - you can partake yourself at 195p this morning - I would be unsurprised if the price does not drop even a bit further over the next few weeks.
Update: Erm or next few minutes.

[pugugly] 02/7/2020 07:32

PI's shafted yet again - dilutive discounted placing at 195p - 14 per cent. of Forterra's issued ordinary share capital prior to the Placing.


Given the recent weakness in share price looks as those in the know sold down.

[damanko] 18/6/2020 09:34

Bonjour Thrump, est j'aspire you and your family remain ca va. You and I have more in common than you know... I have a house near Combourg in Brittany, I wish I was there rather than here. Happen one day once all this stuff is over we can have a beer or two in France. I'm guessing your heritage is Greek Cypriot, am I way out...?


Like you I've messed around a little on the market recently. In early March I put some money in BARC, thinking that at £1.14 it couldn't go much lower. Bang, it then went down to 80p. What an idiot. Battened the hatches, sold 2 weeks ago when it reached £1.30. Phew... The original stake back in the bank, and I have quite a bit of pocket money to spend on my 1963 Triumph Vitesse 6.

Legal & General seems good to me by the way, held them for many years in a SIPP, and the dividends keep flowing in.

Go well and prosper...

[thrumptasious] 12/6/2020 21:00

Hi Damanko

I believe the share price will bottom out following June's or the half year results (these are not factored in to the current share price). There are going to be a substantial amount of job losses in their Precast business which is being blamed in part on Covid19. This is not entirely true the Precast business made a massive mistake purchasing the Bison Precast business for £20 million. Under his leadership their MD Peter Varnsverry has transformed a once profitable business into a loss making one. 200 jobs will be lost due to incompetence, poor strategy and the loss of business......Sad times ahead for a large % of the Pre-cast teams

[damanko] 12/6/2020 01:38

I hope I'm proved wrong with this comment:


I feel much worse is to come...


Let's see.

[pugugly] 11/6/2020 20:30

The retreat begins – Sector specific problem (building & construction) part of the general fall back from the ramp up caused by central banks printing too much money - Remember inflation caused by too much money chasing too few goods - and thanks to general high level of shares across many companies too few equities available to soak up the surplus cash (imo) $64K question - a minor blip or the start of the 2nd down wave?

[edmundshaw] 05/6/2020 08:59

Been invested since last August... just not been very chatty here :))

[damanko] 04/6/2020 19:06

Gosh...

Several new posters and investors.

Thrump, seems like you and I are no longer alone.

Welcome all, where have you been all this time?

[edmundshaw] 03/6/2020 11:35

Ibstock also reporting today. Losing c.15% of their workforce...

Doesn't seem too bad (yet at least), and if/when building picks up, re-employment can boost production right back up.

Lower forward turnover and profit is in the price, probably a return to "normal" production is not. The most likely requirement for investors right now is patience...

[nw99] 03/6/2020 09:26

Stock primed to fly higher

[its the oxman] 03/6/2020 09:10

Sensible response to the weaker conditions going forward. Shame for those losing their jobs but necessary I guess.

[nw99] 03/6/2020 09:09

Picked up some looks a great recovery story