Forterra (FORT)

0
250
Forterra FORT Logo

A producer of manufactured masonry products as well as a manufacturer of building products for the United Kingdom construction industry.

1-Nov-2018 – 220.5p – £442.0m – PER 7.97

Trading Update For The Period From 1st July To End October 2018 – FY Profit to be marginally below previous expectations (rising costs of energy and carbon credits plus a kiln repair).

First time look for me and seems like a lot to like (expect the news in this recent update) – ROCE and Op Margin (tick), Yield 4.5% (tick), Revenue and EPS growth circa 10% (tick), Net Debt but manageable (tick). I am Neutral but will do a little more research here.

Advertisement
Research Tree Banner