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% 9.75p 8.50p 10.00p - - - 0 07:32:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 21.4 1.5 1.5 6.5 7.94

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

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Trade Time Trade Price Trade Size Trade Value Trade Type
26/10/2016 12:15:529.9828027.93O
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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 9.75p.
United Carpets Group has a 4 week average price of 10.36p and a 12 week average price of 10.73p.
The 1 year high share price is 14.63p while the 1 year low share price is currently 0p.
There are currently 81,400,000 shares in issue and the average daily traded volume is 4,765 shares. The market capitalisation of United Carpets Group is £7,936,500.
mark1000: NTV - Are you sure 8% returns on commercial are better than buying our shares at current prices? certainly its a better return than what the bank pays but its not risk free commercial property prices go up and down. Say the Company has 1.5 million to invest In property it makes say @ 8% 120,000 on the shares in issue say 10 million to make the maths easier improves EPS by 0.12p after CT its less say 0.10p A share buy back of 10% of the shares at say 15p still spending 1.5M means on current profits of 1.5M p/e going from 1.5p per share to 1.67p an increase of 0.17p better than 0.10p above. Of course by buying the shares back the Company capitalisation would be reduced but the shareholders would be getting a tax efficient share distribution on say a current share price 12p an equivalent of 12.5% on their investment. To me its a no brainer when you consider the likely impact on share price I suggest to you buying commercial property has currently had a negative impact on the share price if they had instead declared another special dividend of 1p we shareholders would be seeing the share price higher.
ntv: surely it is better to use the cash to buy the properties that it rents. thus saving rentals payable longer term. especially if they can purchase properties at around 8% yield. the trouble is the company spent a sizeable amount of cash doing that and didn't tell shareholders what they had done by RNS. probably against exchange rules but nobody enforces them anyway. share buy backs only really benefit big shareholders and not small ones imho big dividend payers share prices grow their share price as punters currently want a decent dividend to offset the interest they get from a bank/ building society
mark1000: Loganair - I understand your feelings however a buy back in this case is not going to result in increased debt if it is only at the 5% level - they have plenty of cash on the balance sheet being added to by operations cash even after dividends. Put to one side your dividend preference do you prefer to see them build up cash balances or do a buy back. Can I suggest with a P/E around 7 this represents a 14% ROCE this is not to be sniffed at. I think why most share buy backs do not work is because they chase the share price up - the amounts purchased are tiny and consequently the impact is often negligible one way or the other.
lbo: If a share buy back causes only a temporary rise in share price and then allows shareholders to buy back shares in the market after at cheaper then that only makes another argument in favour of it as being more tax efficient then dividends!
loganair: 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.
mark1000: 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: 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.
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.
United Carpets share price data is direct from the London Stock Exchange
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