United Carpets Share Discussion Threads

[envirovision] 21/1/2015 15:36

Also worth taking look at chart. The upward channel showing significant head room after the last 12 moth consolidation phase and also of note, the golden cross only last week.

The last golden cross saw an increase of over 300% from its initial 2.3 pence.


free stock charts from uk.advfn.com

[envirovision] 21/1/2015 11:37

This has just got to burst through and leave 10p behind,surely.

I cant believe its not done that yet. Basically they are admitting the improving sales trend has continued past the reported interim (second quarter and beyond) and the dividend, basically saying its not a question of if, rather than how much!

From Decs interim statement just look at the language used

Some of the bullet points:

-More recent like for like sales figures have been more positive
-We are well placed to deliver a good result for the year.
-We continue to benefit from our restructuring programme
-We operate from a lower cost base giving the opportunity to invest in developing the business
-an improving sales trend in the second quarter of our financial year and beyond
-The Board intends to review dividend policy in the light of the full year's performance.

[envirovision] 15/1/2015 10:23

Are we to see a retest of 10 pence I wonder LBO, is that you adding.

[envirovision] 22/12/2014 16:35

This looks like a company presently caped at just over £7 million which is about to show possibly £1.2 million PBT and pay a restructured dividend of probably around 8% based on current market price.

Looks good value imo. I will be sticking around for the income and would expect falling oil prices to positively influence margins via cost of goods, operating expenses and a knock on economic like for like sales growth.

[envirovision] 21/12/2014 12:36

Interesting and very business like update. It looks like a sensible dividend will now be just around the corner. Just in airport lounge having given fridays rns an eyelash and first thoughts being full year should provide the big long deserved filip.

[loganair] 19/12/2014 18:43

Rec - I totally agree, the directors have done all the right things by the share holders especially the way they restructured the whole company to operate from a lower cost base to maintain the companies profitability.

[rec0very stock] 19/12/2014 18:12

Nice set of interims, all very steady as she goes. Nice cash reserve and plenty of retained profits, so looking forward to a nice dividend at full year.

How many other companies on AIM have gone in and out of administration without shafting shareholders and are looking at paying a dividend so soon?

I do not know for definite the answer to my own question, but if it is more than 0 I will be surprised.

This has been a great recovery stock for me and is a solid little business, which knows how to look after shareholders. I banked profit to be on a free ride a while back, but I think I am going to keep riding that free ride for a long time to come. This company seems to be a real rarity on AIM. Is it a shame that so few people are interested in it? or is that good news? - there are no mindless rampers here and that just has to be good news for sanity if nothing else. The management don't seem to be particularly bothered about ramping the share price either, they have their stake and are more interested in generating cash to pay dividends - great, what more do PIs really want?

[loganair] 19/12/2014 11:24

United Carpets, a company with no debt, cash in the bank, making profits and a high liklihood of paying a Dividend when the Full year report comes out.

[lbo] 19/12/2014 11:23

Not sure those early trades were not buys from late yesterday. Any share buy backs would support the idea of an MBO.

[spooky] 19/12/2014 09:54

Alternatively they could do a share buyback; not a lot of shares available this morning despite the fact that there have been a couple of sellers.

[lbo] 19/12/2014 09:45

I think Dividend will be reinstated very soon. The major shareholders have always had a dividend policy of paying themselves from the profits. At £1m profits pa and cash of £1.8m its on a very low EV/EBITDA of 5. The other option is a Private Equity MBO or takeover.

[sladdjo] 19/12/2014 09:08

Results good. "Improving LfL sales over busiest sales period" and 2 new corp stores opened since period end, as well as opening some more smaller stores next year, shows that mgmt looking to grow company again and bodes well. Guess that mgmt have decided expansion rather than dividends for the moment.

[lbo] 19/12/2014 08:20

Profit before tax increased 18.1% to £534k compared to £452k and cash increased to £1.8m from £1.4m

[thelongandtheshortandthetall] 18/12/2014 16:12

good luck tomorrow gents and ladies.

hopefully a good ims

[envirovision] 16/12/2014 12:55

Market makers must know something, already preparing for whats to come imo, offer on strict limits and already marked up half penny on no volume.

[envirovision] 16/12/2014 12:52

Profits forecast to increase 30% next year carpetright

[envirovision] 15/12/2014 18:52

Half year report due soon?