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Forterra – argues a “resilient H1” broadly in line with expectations. Er, what about the massive profit warning?

By Steve Moore | Tuesday 11 July 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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?

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