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Ultraframe should we still keep it in the frame? (UTF)     

azhar - 18 May 2004 14:16

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

The Other Kevin - 20 Sep 2004 09:16 - 5 of 26

Suffering on the back of an adverse U.S. court judgment.

goldfinger - 20 Sep 2004 10:22 - 6 of 26

Yup Kevin, Id forgotten about that.

Edmund Jackson keeps commentating on this one over on CityWire.

cheers GF.

azhar - 24 Sep 2004 17:59 - 7 of 26

taken from ADVFN
>>>
Kilbury - 23 Sep'04 - 09:56 - 20 of 20

Ultraframe successfully defends Burnden (K2) action.
Dated 17/09 in a letter to customers from Peter Allen Sales Director.
Summary:Burnden Group Plc launched an action last year against UF alleging infringment of a patent purchased by Burnden relating to a captivated bolt slot.This week his honour judge Fysh QC dismissed all claims and awarded all costs and an interim award of 150,000 against Burnden, total award could exceed 300,000 plus interest.
At last the conservatory roof making lawyers win one!
>>>

azhar - 29 Sep 2004 16:16 - 8 of 26

Notable constant gainers over five days include Ultraframe, the troubled conservatory manufacturer, has gained over 7% over the period to 71.5p on the long road to recovery

azhar - 01 Oct 2004 17:58 - 9 of 26

Ultraframe PLC
1 October 2004


Letter to RNS

Please find below details from Barclays Plc of a notifiable interest in the
capital of Ultraframe Plc.

Letter from Ultraframe Plc


LEGAL ENTITY REPORT

ULTRAFRAME SEDOL: 0157478


As at 29 September 2004 Barclays PLC, through the legal entities listed below,
had a notifiable interest in 4,625,647 ORD GBP0.25 representing 4.75% of the
issued share capital of 97,386,889 units.

Legal Entity Holding Percentage Held
------------ ------- ---------------

Barclays Global Investors Ltd 4,401,743 4.5199
Barclays Capital Securities Ltd 162,900 .1673
Barclays Life Assurance Co Ltd 45,459 .0467
Gerrard Ltd 15,545 .0160
--------- ------
Group Holding 4,625,647 4.7499
--------- ------


REGISTERED HOLDERS REPORT

ULTRAFRAME SEDOL: 0157478


As at 29 September 2004 Barclays PLC, through the legal entities listed below,
had a notifiable interest in 4,625,647 ORD GBP0.25 representing 4.75% of the
issued share capital of 97,386,889 units.

Registered Holder Account Designation Holding
----------------- ------------------- -------

BARCLAYS CAPITAL NOMINEES LIMITED 162,900
CHASE NOMINEES LTD 16376 40,660
JP MORGAN (BGI CUSTODY) 16341 45,459
JP MORGAN (BGI CUSTODY) 16400 3,887,593
JP MORGAN (BGI CUSTODY) 16480 70,604
JP MORGAN (BGI CUSTODY) 16482 375,072
JP MORGAN (BGI CUSTODY) 18409 27,814
R C Greig Nominees Limited a/c BLI 400
R C Greig Nominees Limited GP1 GP1 9,695
R C Greig Nominees Limited SA1 SA1 5,450
---------
Total 4,625,647
---------

This information is provided by RNS
The company news service from the London Stock Exchange

azhar - 08 Oct 2004 14:52 - 10 of 26

Does anyone agree that this has now stabalised i.e bottomed. I bought in a while ago @71.7 so I'm in profit but want to increase my stake. Not sure if this will drop more. Any views anyone.

azhar - 10 Oct 2004 18:09 - 11 of 26

Next prelim announcement 02 - Dec - 2004

azhar - 13 Oct 2004 09:17 - 12 of 26

Ultraframe PLC - Trading Statement
RNS Number:0092E
Ultraframe PLC
13 October 2004

TRADING UPDATEIn line with its usual practice, Ultraframe today issues a year-end tradingupdate and confirms that the guidance given on 16 August remains unchanged.Ultraframe's performance for the months of August and September indicates that sales and profit were in line with management expectations.

The Board reiterates its expectation of a profit before tax and goodwill amortisation for the yearended 1 October 2004 in the region of #12m.

Also as expected, there was a small net cash outflow for the year. Gearing atthe financial year-end is expected to be modest.

The Board continues toanticipate recommending total dividends for the current financial year equal to those declared last year.

UK Sales in the year were down 19%(1) compared with the prior year, as expected.Pressure on margins continues and Ultraframe's market remains volatile andcompetitive.North AmericaCore sunroom dollar sales for the year continued the trend reported in thetrading statement on 16 August and were 5%(1) up on the prior year. Sales inAugust and September were marginally below the expectations of the Board, andthe business expects to deliver a slight operating loss for the year as a whole.As reported on 3 September, Ultraframe's wholly owned business Four Seasons hasbeen the subject of an adverse jury verdict in the State of Ohio, USA.

Ultraframe has confidence in Four Seasons' position in this case and believesthat challenge to the current judgment, by post trial motions or alternativelyon appeal, is well founded. Ultraframe believes that this judgment should bereduced upon review by the courts although this process could take someconsiderable time. The expectation for full year Group profit for 2004 excludes any potential accounting impact of this case.

This legal process is ongoing,and the appropriate accounting treatment will be approved by the Board prior tothe preliminary results announcement in December.Preliminary results announcementThe preliminary results for the financial year ended 1 October 2004 will bepublished on Tuesday 7 December

2004.Enquiries:Ultraframe PlcDavid Moore Chief Executive 01200 443311Alan Rothwell Finance DirectorBrunswickSarah Tovey 020 7404 5959--------------------------(1)

As previously stated, operating results for financial year ended 1 October2004 will represent 53 trading weeks (2003: 52 weeks). This information is provided by RNS The company news service from the London Stock Exchange
END

azhar - 13 Oct 2004 09:28 - 13 of 26

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

azhar - 13 Oct 2004 17:36 - 14 of 26

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

azhar - 13 Oct 2004 17:43 - 15 of 26

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

azhar - 13 Oct 2004 19:20 - 16 of 26

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

azhar - 14 Oct 2004 09:46 - 17 of 26

Moving north.

azhar - 14 Oct 2004 11:03 - 18 of 26

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

azhar - 14 Oct 2004 13:37 - 19 of 26

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

azhar - 14 Oct 2004 15:40 - 20 of 26

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.

azhar - 14 Oct 2004 15:41 - 21 of 26

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

azhar - 14 Oct 2004 15:43 - 22 of 26

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

azhar - 15 Oct 2004 14:40 - 23 of 26

Some buys coming through @ 80+. soon 100.

azhar - 15 Oct 2004 16:42 - 24 of 26

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.
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