Ultraframe..losses again and the company out of the frame.

Its been a dissastreous year for Ultraframe i called this share down immediately after the profit warning prior to the last results

I forecast more doom and gloom and the danger of buying UTF for the high dividend yield.

The markets that the company serves are getting tougher and tougher.

I also called the following down MPS CLY BPRG. TFC..Deltron All have performed poorly lately.

The danger of going for a high dividend yield has been proved correct. The final results came out with more warnings and the co stating that the present divi was not sustainable.

In future the co will only pay a divi that is well covered.

However as the company will loose money in the first half that means no dividend the next financial year.

The future looks uncertain becuause of high consumer debt and a fragile housing market.

Investors are at great risk investing in this company.