Updates

Forterra

July 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares moved higher after Forterra, the UK’s second largest brick manufacturer, said it anticipates group performance to be materially ahead of expectations. Commenting on the first four months of its financial year, it noted that strong demand from both new build and the repair, maintenance and improvement (RMI) markets resulted in better than expected trading. Group sales were around 95% of the comparable pre-Covid period, with Bricks & Blocks up 2.5%. Bespoke products were lower following a planned reduction in concrete flooring. Margins in the period recovered to close to 2019 levels. The group has started to see significant cost inflation across a wide range of categories although some of th ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

DX Group - FinnCap raises price target to 51p

Vistry - Gain since last Novembers write-up: 127%

Forterra (April 2023)

Forterra (January 2023)

Forterra (September 2022)

Forterra (April 2022)

Forterra (March 2022)

Forterra - Management upgrade expectations (October 2021)

Forterra - Brick manufacturer benefiting from buoyant house builder order books (April 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X