Leading brickmaker Forterra has increased its dividend pay-out guidance, reflecting the strong cashflow that has been a hallmark of the group since it floated in 2016. Today’s AGM statement confirmed “in line” trading and highlighted: “encouraging” housebuilding; good progress on the planned new brick plant; and improved productivity at the temporarily constrained Bison Precast business, acquired in 2017. We are making no changes to our estimates at this point, o
20 May 2019
Focus on cashflow pays dividends
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Focus on cashflow pays dividends
Forterra Plc (FORT:LON) | 173 0 0.0% | Mkt Cap: 368.4m
- Published:
20 May 2019 -
Author:
Alastair Stewart -
Pages:
6
Leading brickmaker Forterra has increased its dividend pay-out guidance, reflecting the strong cashflow that has been a hallmark of the group since it floated in 2016. Today’s AGM statement confirmed “in line” trading and highlighted: “encouraging” housebuilding; good progress on the planned new brick plant; and improved productivity at the temporarily constrained Bison Precast business, acquired in 2017. We are making no changes to our estimates at this point, o