United Carpets Share Discussion Threads

[lbo] 11/9/2009 10:50

Shoppers returning for big-ticket purchases

[lbo] 11/9/2009 10:45

Lord Harris gives steam to Carpetright recovery



Carpetright boss Lord Harris broke with tradition to tell shareholders ahead of the retailer's annual general meeting yesterday that he sees green shoots of recovery for the business.

[lbo] 11/9/2009 10:36

Optimism of Carpetright chairman Lord Peckham

[wskill] 11/9/2009 10:24

Bought a few today after reading about it on CR s thread and a 5% yield on the final divi too would not want to miss that had to pay 10p though but I am sure it will look like a bargin in a few months

[8trade] 11/9/2009 09:12

Looks solid today, not much stock around, bidding a big premium to
try and get sellers.

Tried to buy size late on yesterday but had to settle with 10k at
9.25p as a top up.

Looks solid as i say.

[8trade] 10/9/2009 16:17

That's handy, cant even buy 10k online now.

Looks like yet another overhang that has been cleared in a stock
i hold today :-))

[lbo] 10/9/2009 16:16

Retail franchise sales growth


UK retail sales rose 0.4% in July from June 2009.

Among the sectors doing well in July, clothing and footwear sales were up 10.3% from July 2008, while furniture and electrical goods also sold well. The strong 1.2% monthly rise announced last month for June was also revised upwards to 1.3%.

This is great news for retailers that operate franchise business outlets in the UK. Franchise retailers include well know brands such as Clarks Shoes, Bang and Olufsen, Costa Coffee, Apollo Blinds, United Carpets and McDonalds to pick a few from the many retail franchise brands benefiting from the upturn in sales growth during July.

This takes the annual gain in retail sales to 3.3%, according to figures from the Office for National Statistics. The annual figure from July was the highest since May 2008

[lbo] 10/9/2009 16:11

Carpet retailer Carpetright has taken an unusual step of issuing a trading statement ahead of it its AGM to underline how well it is recovering from a tough last year

[wakeland] 10/9/2009 13:10

With the demise of Allied who are Carpetrights biggest competitor?

[cockneyrebel] 10/9/2009 10:41

From Carpetright today:

""We have seen our principal nationwide competitor, Allied Carpets, enter into
administration and significantly reduce its number of stores. We are securing
more insurance business each week and have secured contracts to supply a number
of house builders. We have a central warehouse and cutting facility which has
the capacity to significantly increase volumes at minimal additional costs.
Finally, the mortgage approval data is providing an indicator that the market
will be stronger in the Spring of next year. "

CR

[8trade] 04/9/2009 14:20

Kpc Peel hunt have a huge buy order here.

Look at all the sales they have took and now the bid online goes higher
to 8.1p and they take another 50k and still want more online !

620k in sales, all the other mm's are 7-9p

[cockneyrebel] 04/9/2009 13:45

rolo - I did pick some up yesterday an agree - often best not to do what directors say but do as they do.

They seem to be outperforming the likes of Carpetright anyway but with Allied Carpets going bust that's a major competitor out of the way. That's what sectors need when there's been a recession like this - fewer businesses chasing the customer pot.

Interesting it's the FD buying - usualy the better director post to folloow imo - if anyone should know the future prospects and current trading it ought to be the FD.

CR

[8trade] 04/9/2009 10:13

Everytime somebody buys i reckon a seller and just one seller hits
them with a online sale, dangerous game that, they dont usually like
people doing that but right on cue each time and i think it's happened
ten times this morning right after a decent buy each time.

[arnies] 04/9/2009 09:25

Bought 116000 at 8.30am (not yet showing on advfn)and in a small profit already.Things are looking up hopefully.Still down on total holdings though.

[wakeland] 04/9/2009 09:14

a divi as well, I wasn't expecting that, to be honest I'd looked at these when they were 4p & nearly bought but didn't, it was only when I saw that buy and although it has doubled since then it still looks like value.

[rolo7] 04/9/2009 08:20

pays 0.5p dividend also later in the year.

[wakeland] 04/9/2009 08:17

£100K , pretty chunky for such a small cap.

[wakeland] 04/9/2009 08:15

RNS Number : 5071Y
United Carpets Group plc
03 September 2009

?


United Carpets Group plc



Director's Shareholding



United Carpets Group plc ("the Company") announces that on 3 September 2008 the
self invested personal pension of Ian Bowness, the finance director of the
Company, acquired 1,225,000 ordinary shares in the Company at 8.1p per
share.


Following this acquisition, Mr Bowness is interested in 2,691,208
ordinary shares, representing approximately 3.3 per cent. of the issued share
capital of the Company.

[rolo7] 03/9/2009 21:22

cr they went straight into his sipp and also his share options a few days ago in 3 years time. This is on my watchlist as allied carpets have disappeared now, worth buying a few shares long term here.

[cockneyrebel] 03/9/2009 16:13

The FD has just bought 1.2m and doubled his holding.

Looks like Allied Carpets going bust is a positive then :-)

CR

[lbo] 30/7/2009 12:50

Revenues up as United Carpets model proves resilient
30th July 2009



UNITED Carpets had revealed a "solid" set of annual results but chief executive Paul Eyre believes trading conditions will remain "tough".

The Rotherham-based group, the third largest retail carpet and flooring specialist in the UK, saw pre-tax profits before exceptional items dip from £1.73m to £1.36m for the year eneded March 31.

Revenues increased by 26.5% to £26.79m while network sales grew by 10.1% to £65.1m.

Like for like sales were up 1.2% while store numbers increased during the year from 65 to 80.

[bletherer] 29/7/2009 14:02

Very solid performance again given the tough environment - share price rising accordingly. I continue to hold.

[lbo] 29/7/2009 08:15

Network sales grew by 10.1% to GBP65.1m (2008: GBP59.1m)

Revenue increased by 26.5% to GBP26.79m (2008: GBP21.17m)

Like for like sales up 1.2%

Flooring up 0.5%
Beds up 9.2%

Profit before tax and exceptional items of GBP1.36m (2008: GBP1.73m)

Store numbers increased during the year from 65 to 80 stores

Recommending a final dividend of 0.50p per share

The balance sheet continues to be robust with net funds of GBP1.73m at the year
end




United Carpets (LSE: UCG.L - news) has had an "extremely challenging" year that saw profit before tax and exceptional items sink 21% to £1.36m, although revenue rose 26.5% to £26.79m.

Like for like sales were up 1.2% in the period and trading is in line with expectations at the start of the current year, the firm said, although it admitted market conditions are likely to remain "tough".

[lbo] 24/7/2009 08:32

United Carpets to rise as Allied Carpets falls



The collapse of all but a rump of the Allied Carpets chain is likely to benefit not just market leader Carpetright but AIM-listed United Carpets.

A new Allied company is retaining 51 of 217 stores and may acquire more from administrator BDO Stoy Hayward in the next few weeks.

United Carpet's house broker Seymour Pierce reiterated its buy advice. Analyst Freddie George said 42 of United Carpet's 76 shops are close to Allied stores. "On our estimates, the company could pick up to £3m in sales – assuming that 50 per cent of the Allied Carpets stores close – which equates to approximately 10 per cent of total sales," he said.

United Carpets will publish full-year results on July 30. George expects profits of £1.2m. He said: "The company has a relative strong balance sheet with net cash forecast at £1m at end of March 2009."