Gradus finds life an uphill struggle

Article Abstract:

Gradus raised 3.99 million pounds sterling from a share issue in 1995 and sought to expand carpet maufacturing through a move to loop-piled carpet. There was a delay in importing tufting machines. Imports of loop-piled products did not meet specifications, which further affected sales. These setbacks affected the company's operating margin, and Gradus' pre-tax profit dropped by 14% to 1.53 million pounds sterling in 1st half 1996. The company's pre-tax profit is forecast at 3.4 million pounds sterling for 1st half 1996.

Gradus

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Still room for improvement

Article Abstract:

Gaskell produces carpets and floor coverings and has undergone a recovery, but still have excess capacity at its plants. The company has invested in new machinery, which has helped its performance. Gaskell focuses on the commercial sector, with strengths in the market for carpet tiles. Consumers account for under 20% of sales. The company aims to expand in areas where it can use spare capacity. Gaskell's profit is forecast to rise by 10% to 5.5 million pounds sterling in 1999 by Charterhouse.

Gaskell PLC

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Tomkinsons: bleak outlook(performance of Tomkinsons assessed)

Article Abstract:

Tomkinsons produces carpets and is based in Kidderminster, England. The company has set up links with retailers but is affected by depression in the UK housing market which has affected prices. Meanwhile, raw material costs have risen though forward buying should offset this to come extent. The company may not be able to maintain its dividend, which could have an impact on its share price. Investors are recommended to sell shares in this company in Mar 1995.

Tomkinsons PLC

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