Share Name Share Symbol Market Type Share ISIN Share Description
United Carpets Group LSE:UCG London Ordinary Share GB00B05J4D26 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 11.25p 11.00p 11.50p 11.25p 11.25p 11.25p 7,775 07:38:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 21.4 1.5 1.5 7.5 9.16

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Date Time Title Posts
06/8/201608:07*** United Carpets ***13

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United Carpets Daily Update: United Carpets Group is listed in the General Retailers sector of the London Stock Exchange with ticker UCG. The last closing price for United Carpets was 11.25p.
United Carpets Group has a 4 week average price of 11.06p and a 12 week average price of 10.76p.
The 1 year high share price is 14.63p while the 1 year low share price is currently 9.63p.
There are currently 81,400,000 shares in issue and the average daily traded volume is 75,407 shares. The market capitalisation of United Carpets Group is £9,157,500.
my retirement fund: 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 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.
mark1000: 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.
carcosa: LBO, yes, it's a feature of the company; taking forever to report interims and results... Doesn't mean I have to like it ;-) If you look at hTTp:// they are showing a forecast revenue improvement from 19.1m to 20.7m which is an 8% improvement, so that may imply that margins have improved to lift EPS above the market expectation of a 4% increase. That may be down to an exceptional improvement derived from people buying replacement carpets as a consequence of flood damage. Overall the share is 'solid' but just not exciting enough for me unless, as I mentioned earlier, the share price drifts down between now and June; although a trading statement at the same time as the prelims may not be as positive.
carcosa: 'The Company expects to announce its final results for the year ended 31 March 2016 towards the end of July 2016' Four months to get the prelims out? Not good! BoD should have much tighter controls in place. Sold my shareholding into the morning bounce. If the share price drifts lower between now and June then it may present another buying opportunity.
rec0very stock: I bought in post suspension as a recovery play and what a recovery play it is turned out to be - not my all time best but certainly my best in quite a few years. So with a 5 bagger available I took it to the bank today. Mindful of the adage cut your losses and let your winners run I did consider holding for the special dividend and subsequent dividends, but aside from dividends, which come straight off the share price and straight off NAV there is nothing left to hold for in my view. The company has no growth potential and no real growth ambitions, indeed it may well shrink a little further. The share price will drop tomorrow when it goes ex-div, the buying will dry up and others will sell to take what profit remains. I can see it being back at 8p in a couple of weeks time. Just recently the announcement of the special div has created some liquidity in the shares. I have looked at selling prior to this and not been able to get what I considered a decent price for the number I held and did not want to mess around breaking it into smaller chunks paying extra commissions for the privilege. There can be several days in a row where there is not a single share trade. There is nothing fundamentally wrong with the company, indeed that is why I was confident it would recover as it has. There will be good periods of trading and bad periods of trading. However there is never any real news flow to spark much buying, therefore I took the opportunity to get out while the going was good. I would expect going forward the annual dividend to be between 0.25 and 0.5p (historically that is all they achieved and the business is a fair bit smaller now), which is not at all bad and if you are after an income stock then hang in their. The directors have a large holding and rely on the dividend (with its tax credit) for a good chunk of their income - nothing wrong with that. I see the question about other stocks on AIM and indeed there are very few that pay decent dividends. One that might be worth looking at is GLIF. They pay 5p per year in quarterly chunks and are currently at about 55p. The big difference between GLIF and UCG is GLIF also has significant growth potential. Look into it carefully there is some risk as they have changed the business recently and I believe the weakness in the share price which makes it so high yielding is down to doubt over whether the dividend can be maintained with the new business, Thus far those doubts seem to be unfounded and the company are as confident as they can be that they will maintain 5p and deliver significant equity growth as well. Whatever you decide to do best of luck
lbo: The reason it was not taken private during administration is they honourably did the right thing by all shareholders! Taking it private now at circa 15p would also be the right thing as it would deliver nearer it's fair value and would reduce significant listing costs per annum and immediately add a couple £100k to the profits for management. And VCP is a manufacturer, supplier and distributor of carpets not a retailer like United Carpets so not the same business model. Also why are they paying dividends instead of doing a share tender or buyback? A capital distribution in that manner would have had a greater impact on the share price which they obviously do not want for some reason!
my retirement fund: LBO I was in victoria carpets from £2 onwards and they paid out a special dividend of two third of the market cap. However from that point on they have simply used their credibility to make acquisition and share based operational improvements which have more than quadrupled the share price. Major shareholders own excess of half the company and the exec chair Mr Wilding 50%. Your theory is wrong LBO. Wilding could have taken the company private for a fraction of what its worth today. The way to make silly money is build the business up and sell your stake. (For example), How do you know in a years time their small store format/no stock holding approach cannot be rolled out nationwide. We are entering a more mature phase of the recovery cycle, people are spending again on their properties and its clearly a decent format otherwise others such as carpet right on much higher multiples would not be trying to ape it.
lbo: I think you will find a lot as changed since it was floated back in 2005 and not the just share price but also its size and plans. It was originally floated at 25p and a £20m valuation. It then had 50 stores with a plan to increase that to over a 100 three years after floating. Look where it is now and it's original plans are gone out the window as it would now rather return cash to shareholders then try to expand again. Thus it remaining listed as a tightly held and an undervalued microcap with no major growth ambitions that pays dividends is pointless and a waste of money on listing costs per annum.And yes I also agree he could have taken it private much cheaper during the restructuring and I am sure he had offers to but he quite rightly decided not to completely shaft the other shareholders and for this he must be commended. But fact remains the business plan due to mostly external economic factors over the last few years has now changed substantially and it no longer warrants being a listed entity if it's just only going to be such a low growth micro cap dividend payer. They could easily now take it private at 15p and hold theirs heads up high that although the listing and expansion plan failed due the recession the management did not when it had to be restructured and have rewarded old original listing shareholders with getting a lot of their money back and a few years of dividends in between.
rec0very stock: 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: First quarter 2009 UCG share price was also driven down to similar levels to only recover and to re-start paying a dividend again.
United Carpets share price data is direct from the London Stock Exchange
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