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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 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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Date Time Title Posts
27/1/202307:36UK Housing Shortage316
26/1/202207:44Forterra (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.
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'.
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.

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.

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

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...

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!

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.
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

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.
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.

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