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FORT Forterra Plc

162.00
4.60 (2.92%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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
  4.60 2.92% 162.00 466,716 16:35:17
Bid Price Offer Price High Price Low Price Open Price
161.20 161.80 161.60 155.20 157.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Concrete Block And Brick 455.5M 58.8M 0.2849 5.67 333.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:49:25 O 7,620 162.00 GBX

Forterra (FORT) Latest News

Forterra (FORT) Discussions and Chat

Forterra Forums and Chat

Date Time Title Posts
24/1/202411:30Forterra (FORT) One to Watch on Monday 16
11/10/202320:50UK Housing Shortage407

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Forterra (FORT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:49:39162.007,62012,344.40O
16:49:32162.007,81212,655.44O
16:44:09158.704469.83O
16:44:09159.871625.58O
16:44:09159.58914.36O

Forterra (FORT) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Forterra Daily Update
Forterra Plc is listed in the Concrete Block And Brick sector of the London Stock Exchange with ticker FORT. The last closing price for Forterra was 157.40p.
Forterra currently has 206,400,000 shares in issue. The market capitalisation of Forterra is £333,129,600.
Forterra has a price to earnings ratio (PE ratio) of 5.67.
This morning FORT shares opened at 157.60p
Posted at 29/9/2023 20:25 by m_kerr
the cost to transport bricks over here must cost a fair whack, and wouldnt have thought brexit would have made that process any easier or cheaper. that provides some protection from being undercut on price.

forterra have their own 'surebrick' product. no idea if it will be popular, but housebuilders are always looking to cut corners wherever possible.
Posted at 28/9/2023 22:06 by m_kerr
yes a bit odd, as house builders have seen decent share price growth over the past 6-9 months yet this has fallen steadily.

lots of doom and gloom in the share price, but the real money is made buying these sort of cyclicals when the future looks a bit uncertain. on a medium - long term view this generates plenty of cash. the new desford plant should enable them to benefit fully from a recovery, whenever that is.
Posted at 12/9/2023 20:41 by damanko
Just looked at this thread for the first time in a very long time. It's still quite a quiet thread, no idea why, given the sector it resides in, and the pressure nationwide for new housing stock to be built, year on year - seemingly forever.

I've looked at my paper records in an old file: I sold half my holding in 11/2018 at £2.73, the rest a year later at £3.35. I don't feel clever about those transactions, just lucky. The money went into savings accounts, which now yield 5%+.

In the early days of this thread, one investor in particular, with some very good knowledge of Forterra, having (perhaps) worked as an employee or sub-contractor, was very sceptical regarding the management and forward strategy of the company. All this stuff is history, and can be read on the thread. I think as a result of what he wrote, and the information he shared, I eventually decided to sell.

I would be interested to hear if current investors believe the Forterra management & BOD are once again heading in the right direction, and the company might once again become a decent long term investment..?

Yes to the following: It suffered during the pandemic. It suffered from supply chain difficulties. It suffered from skilled labour shortages as a result of Brexit. And so on... And so did all companies, in similar sectors, yet look at the Forterra share price now, compared to, say - 4 or 5 years ago.

Regards to all, and the best of luck in your investments.

d.
Posted at 27/7/2023 08:32 by edmundshaw
Results and current share price seem to reflect current conditions. The former is natural, the latter a bit blinkered IMO. In the future conditions are far more likely to improve than deteriorate, and efficiencies are likely to improve markedly now the new factory is almost up and running, so I am happy to hold at this price.
Posted at 27/7/2023 07:11 by hamhamham1
H1 RESULTS

• Group revenues for the period of £183.2m, a decrease of 17.8% relative to the prior year (2022: £222.8m)

• Resilient H1 result broadly in line with management expectations delivered against a backdrop of challenging trading conditions

• Adjusted EBITDA of £31.1m (2022: £46.1m) and adjusted PBT of £19.2m (2022: £37.3m)

• Statutory EBITDA of £30.0m (2022: £53.0m) and statutory PBT of £18.1m (2022: £44.2m)

• Selling prices have remained firm despite competitive market conditions, with cost base also remaining stable

• Progressive signs of market improvement seen in May and June

• Strong and flexible balance sheet with a net debt before leases of £50.1m (2022 year end: £5.9m) which is below 1x adjusted EBITDA on a last 12 months (LTM) basis

• Interim 2023 dividend of 2.4 pence per share (2022: 4.6 pence) declared in line with established 55% pay-out ratio
Posted at 13/4/2023 16:25 by essentialinvestor
Although there's a significant difference on the 12 month FORT v IBST respective share prices, their 5 year share price performance is very similar.
Posted at 06/4/2023 17:08 by edmundshaw
Last two dividends are 4.6p interim paid on 14-Oct-22 10.1p final to be paid on 07-Jul-23. Total for 2022 is 14.7p.

I'll let you do the maths based on the share price of your choice! :))
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 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 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
Forterra share price data is direct from the London Stock Exchange

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