Any ideas were this is heading? i.e what is a predicted bottom?

Already up 10%. Need to break 80 then straight to 100.

CSFB has outperform on Smith & Nephew (LSE: SN.L - news - msgs) and has upgraded Ultraframe (LSE: UTF.L - news) to neutral from underperform.

http://uk.biz.yahoo.com/041013/336/f4gvc.html

Wednesday October 13, 02:40 PM
Relief as Ultraframe reiterates in line forecasts

LONDON (ShareCast) - Ultraframe (LSE: UTF.L - news) offered weary shareholders a glimmer of hope today as it said full year profits would ADVERTISEMENT be in line with expectations.

Sales during August and September indicate that pre-tax profit before goodwill for the year to 1 October will be around 12m, as predicted in August when the group issued its second profit warning in three months.

A 19% drop in full year sales in the UK is being blamed on volatile and competitive markets.

Ultraframe said its North American operations are likely to show a slight operating loss, while sales for August and September will probably come in marginally below expectations.

The dividend will remain unchanged from last year.

The company emphasised that its profit forecasts exclude any potential impact from a court case involving US subsidiary Four Seasons.

Ultraframe is appealing against an adverse jury verdict in Ohio, although any conclusion could be some time away, it said today.

Final figures are due on 7 December.

http://uk.biz.yahoo.com/041013/214/f4hex.html

Final x-div (7.86p) 03 - Jan - 2004
Payment date 29 - Jan - 2004

Moving north.

now 78p. Hopefull if it breaks 80 there is a gap to be filled to 100 according to chart.

Hit 80 again guys. How many more attempts to push this through? Nice big buys going through.

Conservatory maker Ultraframe (LSE: UTF.L - news) gained 7p to 80p after saying that its UK market remained "volatile and competitive" as it stuck by guidance in an August profits warning.

Conservatory maker Ultraframe (LSE: UTF.L - news) has seen shares slump over the last year though it now appears to have taken matter into its own hands with a new range for the lower end of the market. It is worth giving a chance to the new strategy, says the Independent, making the shares a hold.

http://uk.biz.yahoo.com/041014/214/f4jgq.html

Broker Recommendations - Thursday 14th October 2004, 12:20 pm

Arbuthnot Securities has a strong buy on BetonSports (LSE: BSS.L - news) and says buy Vitec and has
upgraded Ultraframe (LSE: UTF.L - news) to buy from sell.

http://uk.biz.yahoo.com/041014/336/f4k0b.html

Some buys coming through @ 80+. soon 100.

Times:

October 15, 2004

Stock Markets

Interest in Ultraframe boosts its shares
By Nick Hasell
Smaller capitalisation shares



ULTRAFRAME found its best level since Augusts profit warning on hopes that the troubled conservatory maker may attract private equity interest.
Shares in Ultraframe had tumbled from 273p last October to a 66p last month after four profit warnings. But Wednesdays year-end trading update served to steady nerves as it confirmed that trading had got no worse since August.



Arbuthnot Securities was reassured that Ultraframe will maintain a final dividend of 7.86p. Stephen Rawlinson, analyst, believes that next years total payout will halve to 5.6p, although that still produces a yield of 7.5 per cent.

Mr Rawlinson thinks the US operations should be sold, but says the UK conservatory roofs business is a very high quality operation in a low quality market. On that front, he suggests Ultraframes strong cashflows and good UK market position could make it more attractive to private buyers than institutional investors in due course. The shares added 3p to 78p, against a 17.2 retreat in the FTSE 250 to 6,254.1.

looking interesting closed today 91+. 100 here we come.

Whilst its obvious that UTF are irritated by the takeover rumour, can anyone explain to me how anybody (including UTF)gains from this kind of statement which has inevitable consequences???