Carter & Carter Group PLC
13 July 2007



Immediate Release 13 July 2007

Carter and Carter Group plc
Trading statement

The Board is disappointed to announce that Carter and Carter has been
unsuccessful in its tenders for Phase 1 of Pathways To Work. The delay in the
announcement of these tenders was due to approval being required by the newly
appointed ministerial team at the Department for Work and Pensions.

Carter & Carter had been shortlisted in all 15 Phase 1 districts, but has not
been selected as preferred bidder in any of the districts. We expect to meet
with senior Government officials shortly to understand this further.

Carter & Carter is shortlisted in four of the sixteen districts for Phase 2 and
tender bids are due to be submitted on 19 July 2007. Preferred bidders are
expected to be selected during September 2007 with operational delivery due to
commence in April 2008. The four districts in which Carter & Carter has been
shortlisted are worth 45 million over three years.

Carter and Carter has outstanding bids with the LSC in relation to the current
work based learning tender round and, to date, has been successful in several
bids where it is currently in post tender negotiations. A further update will be
provided in due course.

Elsewhere in the business, since the publication of the trading statement on 29
June 2007, the Group's June management accounts have revealed that our
performance in our construction training activities was lower than we had
previously expected. We are also now anticipating a lower level of achievers in
July across our apprenticeship programmes and, together, we expect that these
two factors will reduce Group profits in the year to 31 July 2007 by c. 3m. In
addition, in Train to Gain, enrolments in the first 2 weeks of July are behind
our expectations at 600.

These matters, together with the fact that we will now be expensing through the
profit and loss account our bid costs associated with our unsuccessful tenders
on Phase 1 of Pathways to Work, mean that the Board is now of the view that the
Group's adjusted profit before tax* for the year ending 31 July 2007 will be in
the order of 10.5m.

Carter and Carter confirms that it is in the process of renegotiating its bank
facilities to reflect these revised expectations.

Contacts

Carter and Carter Group 0115 945 7250
Rodney Westhead - Chairman
John Green - Finance director

Buchanan 020 7466 5000
Mark Edwards / Suzanne Brocks

* Adjusted profit before tax is stated before amortisation of intangible assets
and exceptional costs.



This information is provided by RNS

Bouncing but still looks a bit ify.

they should have taken the first bounce!

I got singed. Would you believe I had a stop loss on this, sat there all day Friday watching it like a hawk, went out the shop 4pm, came back just after market close to find wipeout - stop loss not triggered due to over-quick fall taking it right past my bottom price and then into auction.

Two bottles of milk and a carton of orange juice - 2200. Ouchy ouch ouch ouch.

Leaving the sorry tatters of my stake in place for now.

It WAS a risky day Friday with contract news expected, I knew that, but thought the stop loss would protect.

Should have sold before I left. Lesson learnt.

Two profit warnings in as many weeks. I can understand one, but TWO? Big-time balls-up for sure. Senior people should be called to account. Fat use to me if they are.

b00m

this is about to crash again..........sub 50p

just need to wait a bit more..........only thing is whether company will survive after that, lol

scottinvestor
Yes you could be right now looking a bit ify again; a lot of punters have made a few bob over the last few days on this.

The Govt has really pushed T2G and its not all that its led to be in certain categories, I thing C&C are haevily into Business Improvement Techniques,these are notoriously difficult to deliver well in a short time frame,however greedy providers have piled in - then realising they cannot acheive unless candidate numbers are VERY high and in the same location.In addition, hopefully tax payers money won't be so freely available in future wiythout some kind of stringent audit,certainly on the magnitude we have seen in the past. I just hope the people C&C are committed to training and assessing are not the losers. I think C&C will be taken over - not sure who by, but if the shares fall much further they might end up cheaper than "two bottles of milk and a carton of orange juice" ! one for the brave is this!

bloody hell ..... did this company upset the market big time or what?????

Yes. ;-))

Boom, sorry for your loss. Stop losses usually are meaningless with a fast moving share like this. Guaranteed stop loss is better, but you have to pay more for this.

is this worth buying into again?

Yep I think so, has recently won 10m of contracts, cut 200 jobs and is up for a raft of contracts in sep, good volumes and the chart looks good too. Go for it!

think i've missed the boat a bit as it was at 50p.........it went up quickly but went down to 60p recently for some time, more than doubled in about a week

Maybe not Chart looks good. 5 day ma about to cross 20 day ma RIS back over 30
Mac on right side of line and unless the sp finishes today below 102 no reversal bar. Think I'll take a punt myself. Am only learning TA so PDYOR.

3 by end sep, unless bank pulls the rug.

down to 94p...........which way is it going to go in next few months?

Not a holder, but months looks a long timescale for this business - likely to be very volatile until finances sorted (last sentence of RNS more telling than it appears). With huge long term debt at end Jan (87M) and modest historic cash generation, I would personally wait before considering a purchase.Always DYOR etc.

bought yesterday worth 250p imho with forward levels of profit
as always share price fell to far

geko
I hope your right, still watching.

looks like their credit line still ok if they are still buying companies ???

whats up now? its tanking