Two features stood out in Forterra’s first full year results since its IPO: another significant ‘beat’ on cashflow expectations; and the formal signal that Britain’s second biggest brickmaker was to ‘press the button’ on a new plant, having previously waited until there was clear evidence of sustainable housebuilding demand. We believe the time is right, but that the company will remain measured in its expansion, in keeping with what we believe is its conse
19 Mar 2018
Time to press the button
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Time to press the button
Forterra Plc (FORT:LON) | 173 0 0.0% | Mkt Cap: 368.4m
- Published:
19 Mar 2018 -
Author:
Alastair Stewart -
Pages:
9
Two features stood out in Forterra’s first full year results since its IPO: another significant ‘beat’ on cashflow expectations; and the formal signal that Britain’s second biggest brickmaker was to ‘press the button’ on a new plant, having previously waited until there was clear evidence of sustainable housebuilding demand. We believe the time is right, but that the company will remain measured in its expansion, in keeping with what we believe is its conse