Updates

Forterra

July 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Forterra’s AGM revealed an encouraging 22% increase in revenues in the first four months, with strong performances in both divisions driven by an uplift in housebuilding. This was consistent with the wider brick market, which grew 17%, albeit against weak comparables last year. Interestingly, management are so confident of a robust recovery that they are preparing to increase brick production at Desford (following its capacity increase) with both kilns set to operate simultaneously for the first time from Q4 25. The other upgraded factory at Wilnecote is also poised for a re-start, while the new “brick slips” production line at Accrington will launch later this year. Net debt has continued to fall to £88.4m as at 30th Apri ...

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Luceco

On the Beach - Booking volumes accelerate to +18% in Q3

Forterra - Brick manufacturer with huge upside potential from falling interest rates (June 2025)

Forterra (April 2023)

Forterra (January 2023)

Forterra (September 2022)

Forterra (April 2022)

Forterra (March 2022)

Forterra - Management upgrade expectations (October 2021)

Forterra (July 2021)

Forterra - Brick manufacturer benefiting from buoyant house builder order books (April 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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