Share Name Share Symbol Market Type Share ISIN Share Description
Floors 2 Go LSE:FGO London Ordinary Share GB00B00L7G76 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 39.47p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 51.68

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Date Time Title Posts
13/12/200612:46FGO with Charts & News57
17/3/200618:53Going, going, gone!402

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farsight: The later RNS doesn't tally with the first one. But I don't like any suggestion that a company doesn't know why the share price has risen.
ang5: MFI have good news, how about this FGO shop?? may be bottom? bacause small buy or sell, share price do not move... On 18/7/2005, 2m shares charg hand price hold at 27P.
ariane: Profit alert hits DIY firm shares Home improvers are Floors2Go's core customers Shares in DIY flooring retailer Floors2Go have plunged 40% after a profits warning sparked by weaker UK consumer spending and house prices. Floors2Go, which sells laminate and wooden flooring, said it expected second-quarter like-for-like sales to be 20% below the previous year. Falling sales were "the result of a general downturn in discretionary household expenditure," it said. Tough conditions mean operating profits could be lower than last year, it said. Sales are expected to be lower for the second quarter in a row. They fell 2.6% in the first quarter, when compared to the same three-month period a year ago. DIY blues Our sales have been impacted more greatly than anticipated Simon Farnsworth, Floors2Go CEO Floors2Go share price "Overall trading conditions remain challenging and if like-for-like sales continue at these rates, operating profits are likely to be materially lower than last year's level," Floors2Go said. The Birmingham-based firm has a chain of 125 stores that specialise in selling flooring at discount prices. Floors2Go says it is the UK's largest specialist retailer of wood and laminate flooring. However, it appears it have become the DIY home improvement sector's latest casualty. B&Q-owner Kingfisher reported a 15.6% profit fall for the three months to 30 April 2005, after sales declined at the DIY chain. Floors2G said its margins were improving, and it was looking to cut costs through improved warehouse facilities and stock control. Meanwhile, new product ranges are planned for the start of the peak summer trading season, and it expects to reach its target of opening 25 new stores in 2005. Floors2Go began as a family business in 1999 and expanded rapidly, first in the Midlands and the north of England and more recently in London and the South East. In 2004, the founding family sold the company, which then floated its shares on the London Stock Exchange's AIM index for small companies. Floors2Go's shares were down 22 pence at 31.5p in midday trading.
profplum: Mmmm ... Funny how the price recovered so strongly today after the initial wave of selling on the back of another assassination (sorry, 'research') sell note by a certain Richard Ratner of Seymour Pierce. All the market gossip at the death was of an imminent bid at 95p. Well, we'll see - who knows? What I don't know is whether Seymour Pierce make markets. What I do know is that their research disclaimer carries the warning that: "Seymour Pierce does not meet all of the FSA standards for managing conflicts of interest, as a result our research should not be regarded as an impartial or objective assessment of the value or prospects of its subject matter, though of course we will always ensure that it remains clear, fair and not misleading". Mmmm ... I also know that they seem far too close to Topps Tiles and one or two of the other Retail Glitterati, IMHO. And who might have a (currently blunt) axe to grind, if not Topps and Carpetright? And far be it from me - a seasoned and somewhat jaded watcher of such matters - to wonder if, were it that they do make markets, such a panic in the share price might have helped straighten out the books. Especially so, given that the 'analyst' in this instance has been so consistently, and spectacularly, wrong. Mmmm, we shall see.
profplum: I think that there may be an arbitrage opportunity opening up here. The share price has drifted back from the heady 96.5p last Friday. (It's striking how the pro's usually get their initial assessment spot on when a bid approach is announced.) But all the volume has been on the sell side with the punters locking in their profits. So why sould the MMs stand there posting 95p bid when 85p will do? But, I doubt that the bid - should it materialise - will be pitched at 85p. Somewhere around 100p is my guess, based on that initial mark-up and the mutter from the gutter, in which case there is now a tidy bit extra to squeeze out. I wonder if this is how the MMs are seeing it? There certainly does not seem to be matched business on the buy side which suggests that the MMs are taking stock on and running bull books. Whatver the outsome, I can't let it pass without taking a swipe at some of the unrepentent tipsters - Luke Johnson in the Sun Tel, Maynard Paton on the Motleys and Ratty at Seymour Pierce spring to mind - who would have had us beleive that F2G was a mirage. Well done boys, wrong again! How much opportunity money have you cost your punters then?
tday: Striker, Re carpets in bedrooms. If true, it could make FGO's share price drop through the floor.
striker2408: alfwilson, i can't argue with the share price, its had a very good run the past couple of weeks! If topps tiles results are good tomorrow i would expect fgo to go a little higher as they are both in the home improvement market and as i've said before fgo are being touted as the new topps. i still have my doubts about fgo but (see previous posts) but at the moment it looks like i'm in the minority. p.s did any one see the sunday mail property section? it talks of carpets being back in vouge for bedrooms etc, will this have a impact?
striker2408: erm, dont know how to reply! how on earth can you compare TSCO with FGO? TSCO is ftse 100 company with proven management, fantastic cash flow and, oh yes market leader. FGO is an AIM company (new) the "team" is all new to the (flooring) market and have a very small stake, the reason it was floated in the first place was so that the VC's could make a nice fat profit! (nothing wrong with that) the market they operate in is dominated by the sheds and has become very price sesitive, just check out the newspaper adds for laminate flooring. my Main reason for concern is the state of the balance sheet, have you seen the interim results? do you understand them? fixed assets 31m of which 27m is goodwill! (whats the real value of goodwill?) creditors falling due within 1 year 17.5m (hows that going to be repaid? probally have to take on more debt, this would reduce even further the chance of a divi for some time) all in all FGO is VERY high risk any slowdown will see the share price tumble, however to be fair my views are what they are, MINE! i have been wrong in the past and could well be wrong with FGO, there is always risk with growth companys but you need to be sure of the reward.
striker2408: price seems to be drifting down on small volume, one would have expected that the share price would at least have support at the levels of the recent director purchase, has anyone heard any thing negative? (apart from this board!)with regard to amitkoth's post, please explain why you think its misunderstood and under-rated? looks to me as the current price is about right.
striker2408: just seen a note by seymour pierce saying sell! they seem to think that the company will underperform and that the share price is way to high, people have been comparing fgo to tpt but seymour pierce thinks this is not the case. they say that like 4 likes were much slower in september and that the big sales growth of previous months was down to big a advertising spend (6%)this is going to slow in coming months. they also say that fgo are much more at risk from the sheds as the product range is very narrow, apparantly 45% of total sales come from just 30 product lines, any views?
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