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Results: FORT

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Forterra – less than a month after arguing (and I questioning) “well positioned”… discounted placing...

Forterra (FORT) “announces the successful completion of the non-pre-emptive placing… raising gross proceeds of approximately £55 million… at a price of 195 pence per placing share”… but less than a month ago it argued, with the shares above 200p, “well positioned to take advantage of the attractive long-term market fundamentals in order to continue delivering sustainable shareholder value”!...


Forterra – “well positioned to take advantage of the attractive long-term market fundamentals”?

Forterra (FORT) has updated including “since our announcement of 28 April 2020, we have been encouraged by a gradual increase in despatches as our customers reopened their operations” and that it “does not have any present intention to draw upon” the Covid Corporate Financing Facility for which it has been confirmed as eligible – and the shares have currently responded to 220p, 5.5% higher...

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