UK 22:29 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Previously writing on UK manufacturer of clay and concrete building products Forterra (FORT), a couple of years ago with the shares up to 288.5p I concluded that the valuation didn’t look to offer value, particularly for if the inflationary pressures persisted for some time – and that such a scenario was quite feasible given the wide pandemic response. Today a 2023 half-year trading update… and, with the shares currently slightly further down to below 160p, what now?
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”!...
