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.... And with the FTSE and Dow quite high at the moment - I am wondering what will turn this around now?
It's been a few weeks since the share placing now and I would have thought the share price would have found a new range ?having looked to have settled in the £1.70s) but then the trend down continues ....
British Bulls have a 'stay short' on this stock but I guess that is just because the candlesticks are confirming the trend down.
Anyone any idea when FORT are next due to report interims to the market? IBStock interims on 6th August may help .... But our own figures will surely help more?
I am ever convinced we are heading for the 'double bottom' of £1.57 now and perhaps it will rebound strongly off that ... Or perhaps it won't!
Thoughts?
Trenners
It was through stocko that I found this! Although I havent seen that article...thanks PK
Sorry, meant 6 August for Ibstock interims!
That's when there will be a move on the price... hopefully up. Just need some positive recent trading, as the overall picture will look bad given construction was halted through lockdown. Interesting from Stockopedia this morning
https://www.stockopedia.com/articles/why-the-market-might-have-got-the-forterra-share-price-wrong-99483/
I reckon 169-171 sideways until it pushes up well....patience needed
damn markets closing, im re-entering fort tomorrow, this drop is far too excessive
Impressive come back today..as I thought it suggests sellers are drying up
maybe/maybe not....
selling down a little at threshold allows for greater disguise of intentions
#standardpractice
That was Friday by 0.09% lol..are you short speculator?
Multiple sources give it 12.7 forward p/e (including infront which is a pro system)..also stockopedia which I rate
selling down?
v much doubt forward p/e is really as low as 11-12
First time poster. Forterra looks a good bet to me, topped up again this morning. The macro drivers of government infrastructure spend combined with a structural shortage of housing should lead to a medium term return. The business has a decent balance sheet and a low P/E for the sector. Whilst some short term volatility and a bit of a slow burn but can see a 20% return over 12 months.
Also have a holding in Ibstock for similar reasons.
Jefferies cuts to hold from buy * Forterra Plc : Jefferies cuts target price to 194p from 233p
Looks like the reason for the drop, even though the target is 194
I think this is bottoming from a chart perspective and the fundamentals are decent. Volume surge sell off's over the last 4 weeks (7 weeks of sell offs!) has cleared out many of the sellers and its just crossed the trend line...very strong resistance circa 171
I think this is beginning to settle after the share placing and I have been cautiously topping up over the last couple of weeks.
This was progressing nicely before the placing and I don't see any reason why it can't start moving forward again now.
Balance sheet has been strengthened and house building looks to be a good sector to be involved with ... Especially if Boris is going to build, build, build.
I'm in and have been for a while now
I think this is oversold..forward PE is 12.7
Definitely a contrarian play for me Im in! Things need to settle after the share placings which is why this has been hit
Unhappily, Forterra had to report a 10% decline in EPS over the last year. The share price decline of 37% is actually more than the EPS drop. Unsurprisingly, given the lack of EPS growth, the market seems to be more cautious about the stock. The less favorable sentiment is reflected in its current P/E ratio of 7.36.
Good they got the placing done.Wonder how much higher the interest rate is on the debt refinancing? I would be a hacked off placee if this drops to £1.57.Already 10% down.
Retail investors get facked in the arsee again
I was going to top up at 185.... glad I held!
I like trading Fort...
I'll see whether there's any resilience around 170 before playing again...
It wouldn't surprise me to see this head back towards the £1.574 level now and form a "double bottom" that it first formed during the COVID stock market crash.
Annoying that they chose to do the placement now ... when they don't really need the money .... but at least it gives us a solid balance sheet for the future ......
I'm adding more shares, personally, at £1.70 and a further tranche at £1.60 (if we ever get there).
In the meanwhile ... I am sitting on my hands .... what are other LTHs thoughts / doing ?
Trenners
This is what happens when management do not own enough equity and eat their own cooking. Why do a placement and dilute existing shareholders at these levels when the company does not desperately need the cash. Are they kidding me.
I'm outta here. That capital allocation policy stinks and and makes zero sense. Sorry management, you blew it. This thing is going lower
I'd expect a drift down towards 180...& a new trading range +/- 10%
#asyouwere