Carpetright Share Discussion Threads

[supasapi] 15/11/2016 13:01

ok Allstar..... I am looking forward to this one reaching bottom as when it is unloved it will be good time to buy as I for one can't see what apart from Neptune has driven down price, hopefully you me and blondeman will make decent money when it does...

[allstar4eva] 15/11/2016 10:57

I certainly wasn't suggesting that anyone is a fool for buying/holding CPR so apologies if it came across that way. I think it could easily make a quick recovery if it is indeed only a seller holding this back and I certainly don't claim to be able to buy at the bottom/sell at the top.

The point I am making is that averaging down over months and years is not a recommended strategy - sure you can get lucky but you can also get wiped out hence not worth the risk. When you make post after post and you are wrong month after month most people make a quiet exit but he keeps banging on like he is a guru. He couldn't see this falling below £3 quid some time ago and was very aggressive and rude towards me for suggesting it could go to £2 quid but now he reckons it could fall to £1.50. Sorry but when I read someone spouting nonsense I can't help but commenting.

[supasapi] 15/11/2016 09:19

I made a lot from THT but didn't sell at top and it is hard to do this. I have lost on CPR by being too heavy but expect it to rise once Neptune clear. Maybe it's because he is so confident that the price is being artificially suppressed and playing the long term game is the plan, don't know just a different strategy, might call it brave, only time will tell I guess but I intend to dive in once Neptune go

[allstar4eva] 15/11/2016 09:06

Supsapi, He made a loss at THT with endless top ups then selling out prior to the company sale. What I am saying is foolish is WANTING a share you own and have bought at prices way in excess of the current price to drop even further to buy more when there is no certainty that the price will ever recover. Now I think and hope it should recover eventually but the scenario outlined above is ridiculous. Averaging down is not a game that sensible investors play. I'm not negative on CPR the company but I do think blonde is a moron. Sorry to say it as it is.

[supasapi] 15/11/2016 08:48

bit harsh allstardeva, thing is no-one knows where bottom is, no-one knows when Neptune will stop selling and / or when someone in Neptune does a U turn thinking theyre shooting themselves in foot..... I think this will motor up when Neptune cease activity and if you are holder then your patience will be rewarded, I hope to get back in then if I am confident bottom has been reached. But to call someone a fool who made lots of money on THT and others is a bit unfair

[allstar4eva] 14/11/2016 19:59

Blonde you are the only holder of a stock I have ever seen top up countless times at much higher prices and still want the share price to go lower to buy more. You are either a liar or a fool. Maybe both?

[blondeamon] 14/11/2016 19:21

They still have 6m to offload, this could head lower unfortunately. Patience is needed and opportunity to buy more cheaply is near. I want to see 180p and if that breaks it could go to 150p.

Absolutely ridiculous but when you have an insane fund manager who offloads an illiquid share like there's no tomorrow, there's not much you can do.

[gleach23] 14/11/2016 18:40

Another 170k gone through today @ 195p

[blondeamon] 11/11/2016 10:18

I can see this going down to 180p again. I'd love to buy some more on a 12 year low, this has priced in 10 profit warnings already at this level. Any normal news and Neptune will clear and then we take off.

[blondeamon] 10/11/2016 19:49

Another 600k today, not much left now before they clear. A few more sessions like this and they're done. Then this could rally hard.

[blondeamon] 09/11/2016 18:46

Those useless Neptune guys again....now at 8.93% and left with 6m shares. After they bought last time and went above 10% now they sell again a few months later.

They must have lost a ton of money of their clients. At least they don't have much left anymore, a couple good RNS should clear them off.

[blondeamon] 08/11/2016 15:49

750k buy in today, that's a lot of shares for this company. Might have an RNS soon IMO.

[tr65] 02/11/2016 20:42

Haven't looked at CPR for a month or two. Chart still looks dire, but on the face of it the share price has never been cheaper. Problem is that at one time Lord H's utterances were never doubted, but now it's just another company that may or may not be turned round by a management that doesn't have very good record for buying its own shares at a sensible price.

[larva] 02/11/2016 20:14

Stop panicking everyone

Trump won't see this fall more than 40p in a few days

[discodave4] 27/10/2016 22:42

Unbiased and interesting views from Paul Scott:hTTp://www.stockopedia.com/content/small-cap-value-report-25-oct-2016-shoe-cpr-bms-otb-pdg-mpe-155779/Anybody listening to blonde needs their head examining.DD

[allstar4eva] 27/10/2016 17:11

Interesting trade. Seller done?

[she-ra] 27/10/2016 16:17

Analyst or city scribbler about to pump?

[allstar4eva] 27/10/2016 12:47

Lauders - we all get it wrong mate and that's why I hope this one comes back for you guys. I think hopefully just a matter of time - I just don't like the chart.

I think CPR is trading on a PE now of maybe 10 or under? Which for CPR is very cheap as it historically trades on a much higher rating. So either now all bad news is in the price so it could shoot up - or the market expects worse to come... At least the low £ should continue boost the value of export sales - that was up 15% in the recent update.

[lauders] 27/10/2016 12:24

Thanks for the sensible comment allstar4eva. I also hope CPR can recover from here, not least because I got it wrong and would like to recover my losses, but also just because I seem they are really trying to turn their image around and make things better. Their Trustpilot ratings have really improved so their customers (majority at least) can't think things are too bad either. I did try to suggest something to help the management, sent them an e-mail, but am not impressed that nobody bothered to reply. So not totally impressed with their attitude. I know they are busy etc.., still I wasn't complaining and such just offering what I thought may be a helpful suggestion. Anyway, so far we are UP today. Let's hope it is the start of better things. The analysts from the site visit have been rather quiet!

[allstar4eva] 27/10/2016 09:53

Hi Lauders. Certainly you are one of the sensible posters here.
In fact most are apart from the obvious ones. It's not that I am negative on CPR as such. It's just that there were very real risks in 'topping up' at 285p which a certain poster was advocating as though it was a complete no brainer. He has recently been making comments like ‘CPR is the lowest price it has ever been’ like that is a good thing!! He advocates all the things not to do like buying into a down trend, averaging down etc yet tries to come across like a guru. I just hope no one is taking much notice of him.

In the past I was positive on CPR due to the housing market booming - this would potentially generate sales for CPR. Unfortunately the housing market in terms of volume of sales at least is no longer surging ahead so there may be better places to make money than CPR in the short term. Having said that on a 2-5 yr view who knows? It could easily be a multi-bagger from here. I think they are doing the right things but the wider economy is not helping them. I really do hope it rises strongly from here for all holders.

[lauders] 27/10/2016 02:20

An opinion that agrees with allstar4eva:

Carpetright trades on a similar P/E to Shoe Zone but currently offers no dividend as it tries to turn around its business. Sterling weakness since the referendum is clearly having an adverse impact on the company, and carpets and beds are always a much tougher sell than shoes when consumers are feeling the pinch. For these reasons, Carpetright doesn't appeal to me as an investment at this stage.

[lauders] 27/10/2016 01:51

allstar4eva - Hoping I qualify as someone "sensible" in your eyes ;-) In answer to your question: Anyone sensible see any positives from the update?

I am sure you would agree these are not negatives:

o 49 stores now trading under the new brand identity, delivering sales growth above comparable stores in the rest of the estate.

-- Rest of Europe

o In local currency terms, like-for-like sales in the Rest of Europe (Netherlands, Belgium and the Republic of Ireland) increased by 0.9%.

o Full year guidance of an increase in gross profit percentage maintained at between 100-150 bps.

Wilf Walsh, Chief Executive, said:

"........... The initial trading performance of these newly refurbished stores has been encouraging - they are outperforming comparable stores in the estate, giving us confidence that where we invest we are able to drive a material improvement in performance. In addition, the introduction of new hard flooring sections in 26 stores, has contributed to a 15% increase in laminate/luxury vinyl tile sales. We continue to make progress with our plans to reduce property costs.

"Trading in the Rest of Europe continues to improve and is a little ahead of our expectations.

"......With the benefit of recent UK investment expected to flow through as the second half progresses, further significant refurbishment work already underway and a continued improvement in the Rest of Europe, our guidance for the year as a whole remains unchanged.

Things COULD have been worse. Guidance remains unchanged and was not lowered. I would have preferred if it were raised of course. So yes, not great but to say there are no positives may be being a bit blinkered. I would agree that it is not worth investing until the price has started to turn and a definite "bowl" is in place, but then blondeamon has a right to do what he wishes and if he reads the tea-leaves differently he can do as he wishes ;-)

For those who have not seen it the analyst presentation is available now as stated in the update:

[allstar4eva] 26/10/2016 18:49

Blondie so you think it's a good strategy to throw good money after bad? I note you made no attempt to analyse or interpret the recent update yet continue to post nonsense about topping up.

Any decent investor will tell you that averaging down is generally a bad idea. The chart still shows a clear down trend too.

Anyone sensible see any positives from the update?

[blondeamon] 26/10/2016 18:17

CEO bought another £25k worth of shares. Finance Director another £19k.

Those guys have splashed more than £250,000 of their own money into the company. Compared to their salaries these are quite big amounts and show their confidence. They bought at 400p, 300p and now at 200p.

I follow their strategy, will look to buy more soon.

[lauders] 26/10/2016 13:13

The main news from yesterday is that it was not a profits warning, so there is a chance CPR will improve share-price wise from these levels. Those prepared to wait may do well, but it could well be a long wait and at the moment there are faster returns to be had elsewhere, so I wouldn't expect much action. I hope I am wrong.

Back in June, the retailer warned Brexit would hit consumer confidence and analysts were somewhat relieved that this morning's trading statement did not come with a profit warning.