Some excelent growth to be had here even in this dowdy industry.

Shrewd Tip: Floors2go through the roof?

Published: 07:04 Mon 5 July 2004
By Patrick Sherwen, Deputy & Secret Buying Editor
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Floors2go only listed on the Alternative Investment Market (AIM) on 1 April but AAA-rated fund manager Patrick Evershed is no fool and has taken a secret stake in the company.

Floors2go (FGO) claims to be one of the UK’s largest specialist retailers of hardwood, laminate and engineered floors and accessories with 100 stores. It is a cash-rich, high growth company whose products experience growing demand helped by makeover TV shows such as Changing Rooms. Turnover quintupled between 2001 and 2003 to £44 million.


The shares started trading on AIM at 48p. By early May they reached 74.5p but have since dropped back to 56.5p, which values the company at £74 million.


Evershed, who runs the New Star Select Opportunities fund, bought in late May when price was about 63p. Our sources suggest he bought 250,000 shares in one transaction. This is equivalent to 0.19% of the company.


One of the company’s largest investors is top-performing investment boutique Artemis, which controls 5.54%. Artemis boasts several Citywire rated managers including Derek Stuart and John Dodd, who are both AAA, thanks to their first class risk adjusted returns.


Ian Currie, chief executive of Zeus Capital, which is one of the company’s financial advisers, is the largest shareholder with14.6% and his colleague Richard Hughes is not far behind with 11.88%.


Already the company has attracted buy ratings from house broker Numis and Shore Capital, which forecast a 240% profit increase by 2005 to £10.2 million and earnings per share of 5.05p in the same year. This values the company at an attractive 11.2 times expected earnings. Buy.


* This article also appeared in yesterday's Financial Mail on Sunday.ENDS.

Well I cant think of anything more boring than floors to invest in just looking at those figures though this morning had me drooling in anticipation of big things to come.
cheers GF.

Please DYOR you are responsible for the timing of your buying and selling action

Another tick up and the buying continues, really is undervalued on the prospective P/E.

cheers Gf.

Well spotted GF. Back in the real world I renovate houses for a living and came across Floors 2 Go while looking for properties up north. Their prices are very good and they are far from boring. Thanks to all the TV programs on fixing up houses, the UK has gone wood floor crazy and FGO fills a very large gap in the market. Sure you can buy laminate from most DIY and carpet places, but it has always been an also-ran compared to main product lines. It has also been overpriced for what it is. And as for wood floors, I could never figure out why maple cost #38/sq.m here when you could buy it in Ireland, of all places and with less trees, for less than half that. Enough raving. I have put FGO onto my monitor and think it looks very rosy ahead, especially after today's trading statement. Will be buying some at the right moment.

MartinC-J, cant beleive I missed this storming update on thursday. Must have come out when I was trying to get back on line. Further more I cant beleive it dropped on Friday either on moore or less like for like buys and sells.

Anyway the growth is excelent especially the like for like................

Floors 2 Go PLC
08 July 2004


For Immediate Release 8 July 2004

Floors 2 Go plc

Trading Update for Six Months Ended 30th June 2004
Expansion into Scotland

Floors 2 Go plc (AIM: FGO), The UK's largest specialist multi-site retailer of
hardwood engineered and laminate flooring products, issues the following update
on its performance over the first six months of its financial year to 30th June
2004.

The Company is pleased to announce that its store-opening programme continues to
proceed well with five new stores opened since the beginning of the year. Sales
for the first six months were 224% higher than the comparative period in 2003
and like for like sales were 28.2% ahead.

The Company today announces its entry into Scotland. Floors 2 Go will open 16
stores, the majority on prime retail parks, by acquiring 47,000 square feet of
self-contained concession space from Texstyle World, a privately owned retailer
of soft furnishings and other household products and whose stores were visited
by over 1 million people last year. This will provide Floors 2 Go with an
excellent base to launch into Scotland. In addition to the planned Scottish
expansion, a further six stores are scheduled to open before the end of the
current financial year.

The Scottish stores are scheduled to be open by the beginning of September,
ready for the peak trading period in the run up to Christmas. In addition
advertising spend will be spread across all stores giving significant benefits
to economies of scale compared to a phased roll out which could have taken
anything up to two years.

Simon Farnsworth - Chief Executive said:

'Demand for our products continues to be strong and. there are still many parts
of Britain where we do not have a presence. We continue to take market share
from our competitors and from the carpet sector. Our expansion into Scotland is
a very cost effective and fast means of moving into this market and is a
significant step forward for the Group. This is an exciting opportunity for the
business with great potential.'

Floors 2 Go's interim results will be announced on Thursday 2 September 2004. An
analyst briefing will be held at Buchanan Communications, 107 Cheapside, London
EC2V 6DN at 10 am on the day.

For further information, please contact:

Floors 2 Go plc Tel: 0121 359 0234
Simon Farnsworth

Buchanan Communications Tel: 020 7466 5000
Tim Anderson




cheers GF.

Both the Telegraph and the Inependant newspapers slapped BUYS on this Friday.

Dont forget 29% like for like sales increase with solid margins.

cheers GF.

Floors 2 Go PLC
15 July 2004

For immediate release 15 July 2004

FLOORS 2 GO PLC

SHARE DEALING

- Strong institutional demand facilitates share placing-

Floors 2 Go plc (AIM: FGO), the UK's largest specialist multi-site retailer of
hardwood engineered and laminate flooring products today announces that on 14
July 2004, the Company agreed, in order to satisfy strong institutional demand,
that Robert Hodges, Richard Hodges, Lisa Hodges and Robert Williams (together,
the 'Vendors') should dispose of their entire shareholdings in the Company
consisting, in aggregate, of 17,020,000 shares. This represents a total of 13%
of shares in issue. The disposals took place later that day, each at a price of
55p per share.

The disposals were made through Numis Securities Limited, the Company's broker,
and in accordance with the terms of lock-in arrangements previously entered
into by the Vendors.

Commenting on this announcement, Simon Farnsworth, Chief Executive of Floors 2
Go said: 'It is extremely encouraging that major blue chip institutions have
taken such an active role in becoming new shareholders in Floors 2 Go.'

- End -


For further information, please contact:

Floors 2 Go plc Tel: 0121 359 0234
Simon Farnsworth


cheers GF.

Results out thursday, keep your eye on these.

cheers GF.

Isn't Ek shorting these?

EK is short on advice taken from Luke johnson. Johnson thinks that this ones margins will be erroded over the coming years, because Carpets will make a come back.

I dont often disagree with Evil , but I think hes got it wrong this time and I beleive he will be blown out of his short on thursday, lets wait and see.

cheers GF.

Results Thursday morning.

cheers GF.

Volumes are up this week. Will be watching first thing tomorrow for results. Should be pretty good and will get a better idea of expansion program.

Yes Martin should be very interesting I do know that they blitzed the yorkshire television region this bank holiday with advertising.

cheers Gf.

Rise at the vey end of the day. The morning could be very interesting.

Wonder what re- action we will get.

cheers Gf.

Excelent maiden interims from this one. Paticulary pleasing was the increase in gross profit margin up to 47.3%, I am sure now Evil K will be blasted out of this one.

Heres the results...............................

Floors 2 Go PLC
02 September 2004


The following meetings will be held today at Buchanan Communications, 107
Cheapside, London, EC2:

Analysts: 10.00 am
Press: 11.30 am
PCB Lunch: 12.45 pm


For further information or if you would like to attend a meeting, please
contact: Lisa Baderoon/ Rebecca Dietrich or Charlie Forsyth on: Tel: 020 7466
5000


For Immediate Release 2 September 2004


Floors 2 Go plc


MAIDEN INTERIM RESULTS
- For the Six Months Ended 30 June 2004 -

Floors 2 Go plc ('F2G') (AIM: FGO), the UK's largest specialist multi-site
retailer of solid wood, hardwood engineered, and laminate flooring products, is
pleased to announce the Company's Maiden Interim Results, for the six months
ended 30 June 2004. These results follow F2G's successful flotation on the
Alternative Investment Market of the London Stock Exchange ('AIM') in April of
this year.


Financial Highlights

Turnover increased by 124% (15.6m to 34.9m)

Like for like turnover up 32%

Gross profit margin increased by 1.7% (45.6% to 47.3%)

Operating profit before goodwill amortisation, interest and tax
increased by 314%

Operating profit margin (before goodwill amortisation, interest and
tax) increased by 3.8% (4.5% to 8.3%)

Earnings per share (before goodwill amortisation) 1.2p

117 stores now open and operating

Highlights since period end

Growth remains strong with overall sales up by 69% and like for like
sales up by 22% for the nine weeks ended 31 August 2004

Successful August bank holiday weekend

Commenting on the announcement, Simon Farnsworth, Chief Executive Officer said:

'The strong performance achieved to date will continue to encourage confidence
that we are poised for another year of significant growth.


For further information:
Floors 2 Go plc
Simon Farnsworth Tel: 0121 359 0234

Zeus Capital
Keith Salisbury Tel : 0161 831 1512

Buchanan Communications Tel: 020 7466 5000
Lisa Baderoon/Tim Anderson/Rebecca Skye Dietrich
ENDS.

cheers GF.

Bumper maiden results from Floors 2 Go
MoneyAM

Floors 2 Go PLC posted a significant rise in operating profits in its first interim results since listing on AIM in April and said it is confident of growth this year.

For the six months to June 30, 2004, operating profits before goodwill amortisation, interest and tax increased to 2.9m from 700,000 a year earlier.

Sales rose to 34.9m from 15.6m last time.

Looks good- I'm tempted.

Nicely up, can only think Evil K will be out of these tomorrow. He said he thought the margins would drop but in fact they have gone up.

Will get to know friday afternoon.

cheers GF

Hey guys, I haven't got any of these, but I would seriously stick with them. There is a guy called Ian Currie part of Zeus Capital (also an non-exec Director at Bolton Wanderers) that has bought 25% a while ago. He is the most financially astute person I have ever heard about... he is the type of fella to follow into anything.

Will be interesting to see where they are going from here... only 1 way from here I think.

From growth company investor.

Floors 2 Go - BUY
Wood and laminate flooring retailer Floors 2 Go, which listyerd omn AOIM in June, has produced impressive maiden interim results with operating profits before goodwill amortisation, interest and tax surging 314% to 2.9m on turnover rising 124% to 34.9m........
02/09/2004

cheers gf.

Victoria Carpets took one mighty whack after the profits warning today(25% drop) where as FGO reported cracking results last thursday.

Just goes to show that wooden flooring is all the rage at the moment and carpets are being looked upon by the younger generation as naff.

Mind I have wooden flooring in my bathroom and kitchen but personally I dont feel you can beat a good shag in the lounge.

cheers Gf.

GF

Oh memories such sweet memories.

A trembling Mickeyskint.