Carpetright Share Discussion Threads

[essentialinvestor] 26/4/2016 09:10

Is it the market sector or CPR specific?, looking at the recent statements
from VCP and United Carpets it may be that small stores are thriving in
a changing market.
Headlam which is in the same market but as a distributer to small UK outlets reported
like for like UK sales Up over 6% recently.
The last time I bought anything at CPR was over 15 years ago, at one time it
would always have been my first choice, not now.

[rubberbullets] 26/4/2016 08:46

Like-for-like sales up 0.7%


Looks very very poor. Pish poor.



And market increasingly competitive

[blondeamon] 26/4/2016 08:43

Good stable results, punters getting out and clearing the way.

This is ran really well and will take a lot of people by surprise. Glad to hold.

[rubberbullets] 26/4/2016 08:41

Downgrade coming


Mwahahaha

*evil laff*

[salpara111] 26/4/2016 08:13

I don't own but felt the big mark down was pretty harsh considering they were pretty much in line with expectations

[rubberbullets] 26/4/2016 07:08

Like-for-like sales up 0.7%


Looks very very poor. Pish poor.



And market increasingly competitive

[rubberbullets] 24/4/2016 15:28

Falling as soon as housing market stalls

[blondeamon] 24/4/2016 11:54

Ennismore fund still has 1% short interest here, as well as I am sure of dozens of PIs with smaller amounts. If the results on Tuesday are as good as expected, there should be a short squeeze as people head for the exits.

This is a good company, with an excellent board, exactly in the middle of a recovery plan which just started to bear long-term fruits.

SP close to 52 week lows so plenty of upside, it was at 6£ just 9 months ago and the fundamentals have only improved since then. That's a 50% upside to get back to where it was.

CEO and FD also bought 125k worth recently at 4£ before they enter the lockdown period where they can't buy ahead of results so they must κnow something we don't.

Weak ££ must be helping our bottom line in International Sales which recently turned positive. They must now modestly contribute to profits.

P.S In the wild chance these are ahead of expectations we could see sharp reratings. A long shot for sure but could happen.

[lauders] 23/4/2016 02:29

The company specific text from that link:

Carpetright has had a tougher time over the last year, as it focused on its more aggressive store closure programme - 27 stores were closed in the first half of the year. The group is trialling a new store concept in Clapham High Street, Reigate, Thurrock and Tunbridge Wells and, although there are pros and cons, all have performed well. Further roll-out should be detailed in the next results. The group has maintained its hold on a quarter of the market share but, as competition hots up, there will be opportunities to gain share from independents in the fragmented market.

Deutsche Bank forecasts revenue of £466 million in the year to 30 April, with pre-tax profit of £17 million giving EPS of 18.36p. This puts the shares on a price/earnings multiple of 21 times at a share price of 392p.

With a 525p representing 33% upside, analyst Warwick Okines says: "In our view valuation has now become attractive. The current enterprise value/sales ratio of 0.5x is virtually the lowest level on record, and yet we have increased confidence in margin expansion."

[allstar4eva] 22/4/2016 14:23

Victoria PLC Full Year Trading UpdateSource: UK Regulatory (RNS & others)TIDMVCPRNS Number : 8229SVictoria PLC22 March 201622 March 2016Victoria PLC('Victoria,' the 'Company,' or the 'Group')Full Year Trading UpdateTrading Materially Ahead of Market ExpectationsVictoria PLC, (LSE: VCP) the international designers, 

[allstar4eva] 22/4/2016 14:21

And VCP :-)

[gleach23] 22/4/2016 14:09

Yup...and UCG bodes well for next Tuesday's update

[blondeamon] 22/4/2016 13:36

Shorts closing, this is ready to rise.

[allstar4eva] 21/4/2016 13:04

UCG share price is at 3 year highs and CPR some 40% off highs...

[market sniper 3] 21/4/2016 12:10

CPR Carpetright PLC

SP moving up after results beat at competitor UCG United Carpets. Could be a lot of upside in this one.

[supasapi] 21/4/2016 10:31

Here we go....

[3rd eye] 15/4/2016 08:08

It isnt. Im nicely in profit.

Hows your greggs nasties doing?.

[dlku] 15/4/2016 08:05

Why is the share price dropping so much?

[gleach23] 12/4/2016 13:11

because the actual spread is a lot narrower perhaps? :p

[maloneyt] 12/4/2016 12:53

20p gap between bid and offer price. how can one invest in such a stock ?????

[gleach23] 11/4/2016 22:37

Thanks for posting blonde - interesting

BTW next up is a pre-close Trading Update due on 26 April. Results for year ending 30th April are not until 28th June.

Great buying volume today.

[blondeamon] 11/4/2016 21:37

CarpetRight launch 'exterior carpet', an artificial grass set to be the must-have accessory for your garden

Read more at

[3rd eye] 11/4/2016 14:52

CPR Carpetright PLC

Positive divergence now showing on the chart. Looks like 500p will be the first major share price target.



Company

Carpetright Plc engages in retailing carpets and floor coverings.It sells floor coverings, carpets, vinyls, rugs and laminates together with associated accessories.

Valuation 2016e 2017e

P/E ratio (Price / EPS) 18,1x 14,0x
Capitalization / Revenue 0,51x 0,51x
EV / Revenue 0,51x 0,48x
EV / EBITDA 7,28x 6,05x
Yield (DPS / Price) 0,17% 2,34%
Price to book (Price / BVPS) 3,17x 2,74x