Forterra Share Price (FORT)

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	Shares Traded	Last Trade
	-4.00	-1.75%	224.00	482,609	16:35:12

Bid Price		Offer Price	High Price	Low Price	Open Price
223.50		224.00	231.00	221.00	231.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Engineering	370.40	56.80	19.90	11.3	512

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
17:59:59	O	9,874	224.011	GBX

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Forterra (FORT) Latest News (1)

Forterra News

Date	Time	Source	Headline
03/2/2023	10:13	UKREG	Forterra plc Employee Benefit Trust Share Purchase
01/2/2023	08:18	UKREG	Forterra plc Director Declaration
25/1/2023	10:56	ALNC	Forterra expects 2022 results to beat expectations; cites UK housing
25/1/2023	07:00	UKREG	Forterra plc Trading Update
05/1/2023	15:12	UKREG	Forterra plc Employee Benefit Trust Share Purchase
14/12/2022	17:10	UKREG	Forterra plc Employee Benefit Trust Share Purchase
08/12/2022	07:00	UKREG	Forterra plc Holding(s) in Company
02/12/2022	16:10	UKREG	Forterra plc Employee Benefit Trust Share Purchase
22/11/2022	07:54	RNSNON	Forterra plc Progressive publishes new research
22/11/2022	07:01	UKREG	Forterra plc Appointment of Chief Executive Officer

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Forterra (FORT) Discussions and Chat

Forterra Forums and Chat

Date	Time	Title	Posts
27/1/2023	07:36	UK Housing Shortage	316
26/1/2022	07:44	Forterra (FORT) One to Watch on Monday	15

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Posted at 05/2/2023 08:20 by Forterra Daily Update Forterra Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker FORT. The last closing price for Forterra was 228p. Forterra Plc has a 4 week average price of 195.80p and a 12 week average price of 183p. The 1 year high share price is 301p while the 1 year low share price is currently 183p. There are currently 228,647,196 shares in issue and the average daily traded volume is 408,332 shares. The market capitalisation of Forterra Plc is £512,169,719.04. Read Full Thread Reply
Posted at 27/1/2023 07:36 by tole Forterra valuation 'undemanding' in the opinion of Peel HuntPeel Hunt has upgraded brick manufacturer Forterra (FORT) on its low valuation, despite a slowdown in the housing market.Analyst Sam Cullen hiked his recommendation from 'add' to 'buy' but lowered his share price target from 300p to 250p after a full-year trading statement yesterday came in slightly ahead of expectations but showed the outlook for this year remains uncertain.The shares jumped 5.4% to 216.5p in morning trading. They have rallied nearly 15% in the past month but have fallen 11% over one year.'The volume outlook for 2023 remains somewhat uncertain, but the balance between supply and demand should be helped by a lack of inventory, limited capacity, and a significant import buffer that could be displaced,' Cullen said.'Selling prices are expected to increase further in January, although the housebuilders in particular are pushing back given the falling levels of demand,' added the analyst/Cullen has cut his profit before tax estimate by 18% in both 2023 and 2024 due to falling demand levels, which also reduces the target price. However, he lifted his rating given the valuations which at 10x this year's forecast earnings he said 'remains undemanding'. Read Full Thread Follow Reply
Posted at 02/1/2023 13:48 by m_kerr supply is very tight, and well matched to demand nowadays EI, lots of plant closures since the GFC, and the industry expect that in downturns, a reduction of imports will reduce volatility of turnover. the way i view it, it generates lots of cash over rolling 5-10 year periods. some lean years, some great years. as long as they don't start gearing up the balance sheet, FORT will be fine. it's a very good, rational industry for shareholders, and shareholders will do fine as long as they take a long term view. Read Full Thread Follow Reply
Posted at 07/12/2022 11:53 by damanko RCT & Edmund, I agree, and you'll see that I have always held similar views, since investing shortly after the Forterra IPO in 2016. However, it's worth noting that the share price is currently at the level it was in 2017. 5 years ago. So not a great investment story/history for someone who put FORT into an ISA or SIPP in that year. Of course, the market, as usual, is dictating events in terms of confidence in the company's management, and thus the share price Government targets regarding numbers of new build housing are irrelevant in my opinion. Construction companies will continue to do what they say on the tin, to their shareholders, i.e., grow the company and pay a decent dividend. I tend to agree also that a takeover might well be on the cards. Especially for a Private Equity outfit... d. Read Full Thread Follow Reply
Posted at 21/4/2022 10:33 by libertine Brickmakers enjoy unrivalled pricing power in booming new-build market The latest trading updates from two listed building materials producers - Ibstock (IBST) and Brickability (BRCK:AIM) - shows investors that the market for new homes remains in rude health despite concerns over affordability. Demand for materials is so strong that suppliers can recoup all of their increased costs by pushing through price increases to developers. hxxps://www.sharesmagazine.co.uk/news/shares/brickmakers-enjoy-unrivalled-pricing-power-in-booming-new-build-market Read Full Thread Follow Reply
Posted at 22/2/2022 22:45 by damanko MK, I said it 6 years ago, and now you've said pretty much the same too... I sold half my holding 2 years ago when it got up to £3.35, if it reaches that price once again the other half will go. Then, when the next LSE downturn arrives (inevitable, of course...), and Forterra gets hammered like the rest of the market, I'll simply buy again, at a bargain price. Because fundamentals don't really change, certainly not in the housing market. What changes is the idiotic market movers in the LSE stroke City of London. Simples... Read Full Thread Follow Reply
Posted at 08/2/2022 14:38 by crispfin Its amazing to me that even with the buyback, the share price is down 7.5% over the past 5 days. At least it means the buy back retires more of the share count and will be more powerful for remaining holders! Read Full Thread Follow Reply
Posted at 26/1/2022 14:22 by npp62 I held IBST with FORT some time ago but decided on FORT only as I wanted to diversify a little more but may revisit IBST. I can't see why FORT would be much different to IBST results wise. Are their balance sheets comparable? Particularly levels of debt (should there be any) However I accept debt isn't a problem as long as it's being serviced without stress. Read Full Thread Follow Reply
Posted at 20/3/2020 12:32 by edmundshaw Thrumptasious something of a perma-bear here for 6 months. Only stock on which he comments. He also made allegations about Forterra last year but nothing the company has said since bears them out. I'd be very wary of this poster's comments... UK Housing Shortage - Post 115 FORT Forterra Plc Author: Thrumptasious Posted on: 20 Mar 2020 12:00 Thrumptasious NPP62 - I suspect that there will be an announcement soon as Forterra like to keep the city informed. All starts week commencing 30 March. Trade UK Housing Shortage - Post 112 FORT Forterra Plc Author: Thrumptasious Posted on: 19 Mar 2020 15:05 Thrumptasious The construction industry is going to be hit hard over the next few months - It is rumoured that Forterra are closing all of their manufacturing UK Housing Shortage - Post 88 FORT Forterra Plc Author: Thrumptasious Posted on: 06 Feb 2020 07:19 Thrumptasious 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 UK Housing Shortage - Post 86 FORT Forterra Plc Author: Thrumptasious Posted on: 04 Feb 2020 13:32 Thrumptasious 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 UK Housing Shortage - Post 85 FORT Forterra Plc Author: Thrumptasious Posted on: 23 Jan 2020 00:41 Thrumptasious Forterra masonry business is going through an extremely difficult time, mainly driven by poor outputs which in turn is affecting their ability to UK Housing Shortage - Post 76 FORT Forterra Plc Author: Thrumptasious Posted on: 22 Oct 2019 07:55 Thrumptasious The trading update is disappointing considering most other precast businesses are thriving at the moment in part due to Bison Precast inability to UK Housing Shortage - Post 71 FORT Forterra Plc Author: Thrumptasious Posted on: 12 Aug 2019 18:01 Thrumptasious 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). UK Housing Shortage - Post 69 FORT Forterra Plc Author: Thrumptasious Posted on: 09 Aug 2019 21:24 Thrumptasious e UK Housing Shortage - Post 68 FORT Forterra Plc Author: Thrumptasious Posted on: 09 Aug 2019 21:24 Thrumptasious I personally don't think Forterra will hold onto their Precast business in the long term. Their CEO (Harrison) stated shortly after the Bison UK Housing Shortage - Post 66 FORT Forterra Plc Author: Thrumptasious Posted on: 04 Aug 2019 16:06 Thrumptasious Thanks Husbod - Forterra are in he process of making redundancies within their Precast bespoke business (Bison), they are clearly looking at cutting Read Full Thread Follow Reply
Posted at 11/2/2020 20:37 by bogdan branislov 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. Read Full Thread Follow Reply
Posted at 12/8/2019 16:50 by damanko 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. Read Full Thread Follow Reply

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