United Carpets Share Discussion Threads

[loganair] 03/10/2016 10:23

I notice posters seem to always put the same arguement forward why share buy backs are such a good idea. In my experience, except for once, the share price has fallen after the share buy back, the EPS hardly rose if at all with no real increase in the dividend.

Share buy backs show a management who do not know where to invest any extra cash they may have and are often done by taking on more debt and therefore I always much prefer a special dividend as UCG paid not so long ago.

In my opinion Share buy backs are the biggest NO, NO there is for any company.

[lbo] 01/10/2016 10:39

Buy backs are more tax efficient also as investors pay income tax on dividends and CGT on share buy backs

[mark1000] 01/10/2016 10:32

Loganair - If they were to action a share buy back of 5% the result would be to lift the share price because the free float is probably only around 25% at times liquidity is an issue with this share. For me this could be a sign of a gradual Management buy out without the directors taking on expensive personal debt. That would be in keeping with the risk averse way that they run the Company. A re-rating of the share price would also give them the option to use the shares to make acquisitions of other carpet retailers with the shares in the buy back held in treasury being available for this purpose without diluting current shareholders so protecting the directors controlling interest. Time will tell if they use the option like you I would like to see higher dividends but the directors with such high wages are probably not desperate to pay more income tax.

[loganair] 28/9/2016 15:50

Mark - most companies put a share buy back resolution at the agm and often has to be renewed each year, however not used in most cases.

I dislike share buy backs as usually the share price falls after and the EPS doesn´t increase, show the management do not know how to invest any spare cash they may have so I´d much prefer a ´Special Dividend´ instead.

[mark1000] 28/9/2016 13:43

Did anyone go? particularly keen on the sample stores trial is that still ongoing? - no recent mention in RNS.

The share buy back of 5% is this to give the directors an option for the future or something which could start sooner rather than later. The thing with this is that this will reduce liquidity however with interest rates so low a lease back of the recently acquired freeholds would give them the funds to buy back up to 10% of the shares which would improve the EPS.

[norbert colon] 27/9/2016 14:07

No update on trading.

[meijiman] 27/9/2016 12:26

Its the AGM today. Wonder if the company will update?

[ntv] 25/9/2016 21:21

good yield and on a low pe ratio
undervalued imho

[jailbird] 12/9/2016 16:07

moving up unnoticed Level 2 is 3 v 1

next 3 x MM on 12.5p

[lbo] 01/9/2016 13:03

AGM Tuesday 27th September



And I see a resolution allowing them to buyback up to 5% of the company shares.

[my retirement fund] 23/8/2016 16:46

I think its more likely he was a shareholder and took refuge there expecting to find the staff more amenable.

Lets hope there was no damage to any stock i.e. blood on the carpet.

I wonder if the attacker was a carpetright shareholder?

[meijiman] 23/8/2016 14:45

Do you think this was the nearest store, or do you feel the wounded man weighed up the fact that United Carpets might have the fewest people in it, and therefore the best chance of escaping from his assailant?

[my retirement fund] 23/8/2016 13:11

A man was attacked with a sword. The 36-year-old victim was attacked by another man in the Hunts Cross Shopping Park’s car park.

The wounded man had been chased around the car park by his attacker before running into the "United Carpets" shop to escape.


hxxp://www.liverpoolecho.co.uk/news/liverpool-news/shoppers-watch-horror-man-stabbed-11785504

[rolo7] 14/8/2016 20:07

Less corporate stores this year so lower overheads with three less rents to pay also. when is the agm? Still not happy company spent 1 million cash without earlier notice.

[spob] 12/8/2016 12:18

yep cheap stock and no debt

patience required though

[meijiman] 12/8/2016 12:07

This looks to be on a very low rating for a company that is doing well.
Directors pay themselves too much but aside from that it looks a good play on the UK retail space which seems broadly unaffected by the Brexit vote.I have done well recently on SCS and DFS had good results recently.Any other views on this stock?

[my retirement fund] 09/8/2016 12:56

The stock of United Carpets Group plc (LON:UCG) gapped up by GBX 0.01 today and has GBX 14.19 target or 32.00% above today’s GBX 10.75 share price. The 7 months technical chart setup indicates low risk for the GBX 8.66M company. The gap was reported on Aug, 9 by Barchart.com. If the GBX 14.19 price target is reached, the company will be worth GBX 2.77M more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.18% or GBX 0.12 on August 8, hitting GBX 10.75. About 20,000 shares traded hands. United Carpets Group plc (LON:UCG) has declined 21.10% since January 7, 2016 and is downtrending. It has underperformed by 29.46% the S&P500.

United Carpets Group plc is a United Kingdom firm engaged in carpet and bed retailing. The company has a market cap of 8.66 million GBP. The Firm is also involved in franchising of retail outlets. It has a 7.21 P/E ratio. The Company’s business divisions include Franchising and Retail, Warehousing and Property.

[ntv] 06/8/2016 08:07

bit weird this from their corporate web site


CORPORATE INFORMATION

WARNING TO SHAREHOLDERS
It has come to our attention that recently a number of smaller shareholders have received unsolicited telephone calls concerning their investments in United Carpets Group plc. Such calls have related to offers to potentially purchase shares for considerably more than the current market price, further details of which would be disclosed once the shareholder concerned signed a non-disclosure agreement.

Shareholders should be wary of any unsolicited advice. Following a recent increase in the prevalence of so-called "boiler room" scams, the Financial Services Authority (FSA) and the Institute of Chartered Secretaries (ICSA) have produced a leaflet warning investors about unsolicited communications concerning investment matters, which is available in full by clicking on the link below. Please note the following recommendations in particular if you receive any unsolicited investment advice:

Make sure you get the correct name of the person and organisation.
Check that they are properly authorised by the FSA before getting involved by visiting www.fsa.gov.uk/pages/register.
Report the matter to the FSA either by calling 0845 606 1234 or visiting www.moneymadeclear.fsa.gov.uk.
If the calls persist, hang up.
If you have any queries, please contact Mr Ian Bowness, Company Secretary on 01709 732666 ext 851eird this

[mark1000] 23/7/2016 00:28

spob - they appear to have moved away from divi`s to investing in property I am not saying its wrong just think you might be wrong to expect good divi`s in a way its a vote of confidence in another way it will hold the share price back as they could have turned this into a very high dividend paying share.Glad to see talk of improved store locations being pushed - would like to see some comments on the new small store concept - they also need to do more on the internet they feel marketing is mail shots through the door how very 20th century. The purchase of freeholds not only cuts the rent bill but allows them to keep the bank balance down to avoid the annual payment of a 1p special dividend and of course if they ever need cash they can do a sale and lease back of the properties.

[spob] 22/7/2016 17:46

Personally I wouldn't be in any rush to sell up myself

Many good businesses have been taken from me over the years

Businesses that were capable of paying good dividends for many years to come

[mark1000] 22/7/2016 10:57

QS99 TOTALLY AGREE - the admin costs of AIM the low valuation P/E - the poor liquidity why on earth the Directors do not go private is beyond me. They could then pay themselves 50% more and no one would care. As for the take out price 15p to 16p would do 40% increase on the current mid price.

[qs99] 22/7/2016 09:29

agreed on all, but then why don't they offer 20p and take it private?

[ntv] 22/7/2016 09:25

you would have thought they would have issued a RNS statement with regard to the property purchase bearing in mind the size of the transaction compared to the mkt cap.
could be why there was a big seller just before the results