Carpetright Share Discussion Threads

[connor23] 07/3/2017 18:02

Strong performance from HEAD today, coupled with retail figs for Feb showing healthy furniture sales is probably the reason we are up. Assuming management are delivering the next update should be positive.

[simso] 07/3/2017 16:43

Judging by the price, the City boys are starting to factor in that the next Trading Update will indeed read well. I hope the trend established in January carries on, and fear the trend before January re-establishes itself...and that the stellar January performance was driven by heavy advertising and promotion which it is less economic to replicate in quiet months

[1fox1] 07/3/2017 11:23

Hmmmmmm. The chart is beginning to look interesting

[blondeamon] 07/3/2017 10:48

Trading Update next month, if it reads well (as I believe) then we're back to 300p.

New store formats seem to be doing a great job with our customers. Tapi will find it very hard to compete with out Interest Free Credit choices and targeted free deliveries.

International sales will bring this home too.

[blondeamon] 02/3/2017 18:19

I never said that, you never know. Retail is unpredictable.

All I said is the strategy is going great and long term this will pay out.

Do your own research, always.

[simso] 02/3/2017 17:45

Thanks blondeamon, is this a recent article as it talks about £1m in November 2014. You always have good constructive posts about Carpetright, and rationale the bull case well. I always worry about my stake! I am a bit concerned about how sudden that brilliant January performance against tough comps was, and could it suddenly disappear as quickly as it arrived! You are more confident that good trade was not a flash in the pan!

[kumala] 02/3/2017 15:38

SP looking good once more needs to maintain and move a little higher for confidence inmo. But overall the stock is again looking on the road to recovery.Not holding......GLAK

[bookbroker] 02/3/2017 11:56

Potential, but very wide spread!

[blondeamon] 02/3/2017 11:30

Read this to understand the transformation underway:



This started in 2014 and is now in full force driving sales. And it just got started as more and more people use the brand new website and the mobile apps.

[gleach23] 01/3/2017 12:02

Could be the start of a nice move here after the recent consolidation above £2

[simso] 22/2/2017 16:01

No dividend

[1fox1] 22/2/2017 15:34

Can anyone tell me if this stock pays a dividend? I don't believe it does. Cheers

[walbrock82] 20/2/2017 14:41

Management attitude of conserving cash and refreshing stores’ format is the right strategy for the turnaround of its business. Also, I get the sense Carpetright wants to emulate WH Smith by focusing on margins improvement while stemming the decline in sales.
However, the share price of Carpetright PLC seemed less enthusiastic, despite the return to profits (making £14m per annum) and reduction of debt (£7m in borrowings from £105m, six years ago).

The interesting thing is the current market valuation of £140m is 85% below peak valuation of £1bn. And, profits are growing, due to the refreshment of their stores' format.

You can read more:

[walbrock82] 15/2/2017 12:56

Looking at the long-term chart, Carpetright has been a whipping dog for the market with shares trending lower since the financial crisis (although they made a quick recovery in 2009/10, but quickly assume their downwards trend).

But recently, the company is turning its life around when it return to profit and the elimination of debt.

What do you guys think, am I missing something?

P.S. Well me doing an analysis for next few days.

[blondeamon] 10/2/2017 15:38

Yes, last one. Sorry on the road and can't read on mobile, but ok makes sense. Wish I was granted those options :)

[simso] 10/2/2017 15:30

Hi blondeamon, if you are referring to the RNS just released, I think that is the lapsing of previous options which were miles under water, and the granting of some new ones which are very generous with a strike price of £1.30.

[blondeamon] 10/2/2017 15:18

More director buys?

[tr65] 09/2/2017 21:11

gleach and wigw: You're both spot on again. Anything I do would be a revenge trade.

[gleach23] 09/2/2017 17:10

You appear emotionally involved here tr65. Maybe time to take it off your monitor?

A short looks highly risky given recent price action imo

[tr65] 09/2/2017 16:15

You're right, wigwammer. Having lost money on CPR in its magic carpet days, I see only gloom. Maybe 220p is time for a short?

[wigwammer] 09/2/2017 12:33

C23 - perhaps sterling will strengthen - you certainly get lowly priced leverage here.

[wigwammer] 09/2/2017 12:31

No apology necessary.You were gloomy at 160p and it worked wonders.

[connor23] 09/2/2017 12:30

I think margins will be under pressure due to a weaker sterling. The flipside of course is the European business is getting a currency tailwind, so hopefully this compensates for that. Until we get some more detail in the results it's hard to know. Looks like a few more people are buying into the idea of this being a recovery stock, so hopefully a gradual rise from here.

[tr65] 09/2/2017 12:24

Sorry to be the voice of doom, but my feeling is that a chart with a Vee-shaped bottom is rare, so even if CPR is recovering the price will probably hit the 160/170 area again.