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How much lower is this going
Until my divi reinvestment drops :) As an asside, i can find no trades at the open price whatso ever ?? but the algo manipulation here is blatant imho yada yada yada
Ya know the share patterns on here are a bit hinky ?? ten to one buys over sells would have a little more of an effect on almost every othwer share ??? and lots of pointless one share trades etc ?? anyone got a view ??
Well sensible timing re the large divi i suppose :)
As per today's RNS, the Employee Benefit Trust Share Purchases are now complete for this year.
Forterra howley park brickworks to close end of may
I’m sure the appointment of Neil Ash will make a huge and positive impact with Forterra.
In time he will hopefully shake the tree and make changes to the senior management team as most are not competent to run a company if this size. With the huge brick contamination issue in the back half of 2022 I’m suspect they are glad to put the Year behind them
heading for exit it seems
just 25m more shares lol
Fort has modest net debt (£23m or higher if you count leases)
MBH has £9m net cash
since our discussion started, mbh has outperformed
the market is beginning to wake up
much lower tnw/MC here (typo)
you need to pay some attention to underlying profitability
tnw/mktcap much higher here
div yield similar, I grant you
Just did a quick comparison of MBH vs FORT as at their last year end (31.12.21).
FORT has a lower PE, higher dividend, & higher net cash percentage than MBH. So not sure why you are saying MBH is better on every metric?
In addition FORT has a new factory coming on stream which should improve efficiency and it is listed on the main market so less risky in that sense compared to MBH which is on the AIM.
Todays announcement doesn’t appear to have been very well received
trouble is sector stinks, and MBH is sooooo much cheaper on every metric (and a standout t/o target)
Could not ask for better results given the current Macro economics - Results ahead of management expectations with Full year results expected to be materially ahead of expectations - Well done to the board
Forterra are looking very good. Share buyback will mean shares in issue are back to level before 2020 dilution. New Factory and refurbishment progress clearly going well , otherwise there wouldn't be a buyback!
Net assets, dividends, Revenue, Profit all moving in the right direction and should accelerate into 2023 and 2024.
As the CEO stated, brick imports stand at record highs, currently 19% of entire brick consumption. Forterra have plenty of room to expand, this industry really does have a tremendous economic moat.
The move into Slip bricks is important in my view, this is a growing market and will likely future proof the business for a sustainable future. Although I really doubt the government are going to ban bricks, new forms of construction will mean full bricks are possibly used less. Slip bricks give the impression of a traditional full brick building when the structure could in fact be steel/ timber or modular formed. Many commercial building are clad in slip brick but probably the majority of people wouldn't know.
We may have to wait another year or two for significant Share Price increases but if we avoid a full war in Europe and Consumer Spending holds when inflation hits 10% this year, we could be near the very bottom of the Share Price cycle.
You could do much worse than invest here.
Revenue UP, Profit UP, Dividend UP ... SP down?
Costs are going up, but they're upping prices and order book 'remains strong'. Think I'm missing something, were people expecting more? IBST similar business was up 10% yesterday on similar results.
I bought this share in Jan 2020 in probably one of my worst timed purchases ever. As I have a major failing in my investment strategy in that I just hate taking a loss I still hold these. I am reasonably confident I will get my money back in about 18 months as last update was generally positive and the bad news was energy and haulage costs both of which should see a return to normality next year. £1500 invested and I am sat on a 30% loss however if I took the hit then I would need to find a share to go up about 40% to get my loss back. I think I am better sitting here and awaiting the long slow climb back to profit on a share where all the bad news has probably already happened
No posts here since 15 Feb.
I assume bricks is not a very exciting business... But good news will eventually surface.
The amount of shares that the board of directors have awarded themselves under the guise of PDMR since this company floated is astonishing
House building very strong for 2021 .Forterra bricks .Order books full new factory been built at measham schedule for 2022 may be building another new brick factory in West Yorkshire if demand is there .There’s definitely a house shortage in this country this sp should be well above £8 imho
still 2% up and blue ,have got distracted with syme and buying there again Today , looking like another good day for fort
and looking like a strong finish for 2020 for fort
3,5% blue already Today
Considering current climate absolutely amazing trading statement.
Fantastic trading update. Back to 95% capacity and stayed that way through 2nd lockdown. Profit upgraded and dividend to be paid for FY2020 results sometime next year