United Carpets Share Discussion Threads

[lbo] 18/12/2009 08:02

People spending more on their houses rather than moving has boosted United Carpets' like-for-like sales by 6.4% in the last ten weeks. In the half-year to September, sales rose by 11.4% to £14.06m with profit up by 10.2% to £702,000

[lbo] 17/12/2009 18:09

United Carpets reports strong half

[cockneyrebel] 17/12/2009 11:10

Yes rolo.

In H1 the like for like sales were up 2.5% whereas total sales are up 11.4%. If H2 like for like so far are up 6.4% then total sales must be up circa 15%+ in H2 imo.

Therefore sales in H2 should be around £16.3m and sales for the year £30.35m+

Seymour Pierce are forecasting 1.2p eps on £27.8m.

If sales are 10% ahead of forecasts profits must come in better than 10% ahead imo.

Looks very cheap still imo - if they do just 1.3p eps (10% above forecasts and only in line with sales) then the 1.4p forecast for next year is 1.5p+ in all liklihood and that's conservative.

Buy today @ 11.25p tday and you're buying good growth on a fwd PE below 7.5 and a near 7% yield. There isn't many shares that cheap that are growing that well and paying that sort of yield but if anyone knows one I'd be pleased to hear about it.

CR

[lbo] 17/12/2009 09:50

United Carpets on a roll



UNITED Carpets has seen profits rise as consumers take advantage of its value for money offering.

The Rotherham-based group, which is the third largest retail carpet and flooring specialist in the UK, today reported a 10.2% increase in pre-tax profits for the six months ended September 30 to £702,000.

Like-for-like sales rose by 2.5% while network sales increased by 11.8% to £34.5m for the period.

[rolo7] 17/12/2009 09:01

very happy with that look at trade and receiveable over 4million£s

[love it] 17/12/2009 08:55

Got to be happy with that.

Onwards and upwards.

[rolo7] 17/12/2009 08:50

2nd half last year was 14.168m in revenue. 1st half this year 14,062. looking cheap with 6.4%l/l increase in 10 weeks. forecasts look easy meat, possible increase in dividend to 0.6p in 2nd half?

[cockneyrebel] 17/12/2009 08:17

Forecasts look nailed on imo.


Brokers were not forecasting the divi upgrade either.

CR

[santangello] 17/12/2009 08:05

That'll do nicely as an early Christmas prezzy!

[lbo] 17/12/2009 07:55

United Carpets Group 6-month Profit Up



Thursday, United Carpets Group Plc (UCG.L: News ) said its six-month pre-tax profit rose to GBP 702 thousand from GBP 637 thousand in the prior year period. Profit for the period grew to GBP 456 thousand from GBP 414 thousand in the year-ago period. Earnings per share for the period were 0.56 pence, up from 0.51 pence last year.

Revenue for the period increased to GBP 14.06 million from GBP 12.62 million in the comparable period.

The board announced a re-instatement of an interim dividend of 0.25 pence per share, which will be paid on 28 January 2010 to those shareholders whose names are on the register on 8 January 2010.

[cockneyrebel] 17/12/2009 07:45

Those results are well ahead imo - tho I guess the average guy won't notice at first.

If like 4 like is up over 6% in H2 first 10 weeks then they are going to do 15% more sales in H2 than last year. That's £16m than and 20% up on H1 this year.

A 20% increase in sales in H2 will add more than 20% to H2 earnings over H1 this year - that' well over 0.7p in H2 imo.

Little wonder the divi has been restored to H1 - now paying 7% yield too :-)

CR

[santangello] 16/12/2009 23:36

Just back from a meet up with my carpet laying friend.

He has been working 7 days a week for a few weeks now, some nights finishing after 7pm (like tonight).

He is doing lots for CPR and UCG.....so much so he has bought into both companies.

Not earth shattering news I know, but certainly promising?

[lbo] 16/12/2009 22:39

Sales lift puts Carpetright on a roll



Sales growth was strongest in the second quarter, as momentum in the housing market saw more customers refitting new homes, and the collapse of Allied Carpets left Carpetright in prime position to mop up demand

[rolo7] 16/12/2009 19:28

not many shares about:
Substantial shareholders
At 15 September 2009, the directors had been notified of the following interests which amounted to
3% or more of the issued share capital in the Company:
Number of
Shares Percentage
PR Eyre 38,482,500 47.3%
D Grayson 12,541,392 15.4%
Vidacos Nominees Limited 8,593,100 10.6%
L R Nominees Limited Des: Nominee 2,989,180 3.7%
HSBC Global Custody Nominee (UK) Limited Des: 934567 2,839,279 3.5%
IF Bowness 2,691,208 3.3%

[rolo7] 16/12/2009 19:26

love it:
plus and lse offer different prices: today close on plus was 9.5p and 10.25p on lse, I have noticed smaller trades are done on plus.

[santangello] 16/12/2009 18:57

Without the benefit of level 2...it may be the full ask is about to go...

Especially this close to results.....

[love it] 16/12/2009 15:53

Nice steady buying today on O and plus market. Some one needs a new broker though paying full offer for 20k

[cockneyrebel] 15/12/2009 14:46

Agree Santangello - I think the punters are asleep here - just read through that from CPR and you see how cheap UCG look. trading on less than half CPR's rating - UCG would be 20p+ on a similar rating - let's see what the results bring later in the week.

CR

[santangello] 15/12/2009 08:01

.....have you seen CPR's results this morning:

VERY impressive:

Group
* Total Group revenue of GBP258.0m up 9.0% (2008: GBP236.8m)
* Underlying4 profit before tax of GBP13.9m up 58.0% (2008: GBP8.8m)
* Exceptional charges of GBP2.9m primarily relating to exit from Polish market
* Profit before tax of GBP11.0m up 15.8% (2008: GBP9.5m)
* Underlying4 earnings per share of 15.5p up 64.9% (2008: 9.4p)
* Basic earnings per share of 11.6p up 14.9% (2008: 10.1p)
* Interim dividend of 8.0p up 100.0% (2008: 4.0p), underlining the Board's
confidence in future prospects
* Net debt reduced by GBP23.7m to GBP73.4m, during the first half



UK and Republic of Ireland
* Total sales increased by 9.6%, with LFL sales3 up 3.9%
* Underlying4 operating profit increased 67.9% to GBP14.1m (2008: GBP8.4m)
* Store base increased to 590 stores2



Rest of Europe
* Total sales increased by 5.9% with like for like sales down by 3.8% in constant
currency
* Underlying4 operating profit increased by 6.5% to GBP3.3m (2008: GBP3.1m)
* Store base decreased to 126
* Withdrawal from loss making Polish operation included as a non-recurring cost of
GBP2.5m

[rolo7] 14/12/2009 19:21

I am hoping for a int dividend it was 0.275p in 2008 if sales have mentained there double digit like for like. UCG like for like sales are better +11% in 10 weeks to 30th sept compared to carpetright aboves for 12 weeks ended october 24th l/l +5.6%. figures on friday may show an exact time comparison to carpetright to see who is beneifiting best from allied demise.

[love it] 14/12/2009 19:04

LBO - 13 Dec'09 - 21:08 - 1135 of 1141




Floor coverings retailer Carpetright is expected to announce strong interim results on Tuesday following its most recent trading update for the 12 weeks ended October 24, which showed group sales up 10.3%, while like-for-like sales rose 5.6%.


Should have a great knock on effect





No so sector

[cockneyrebel] 14/12/2009 18:53

Results on the 18th I think, not tomorrow, but happy to be corrected.

CR

[love it] 14/12/2009 18:50

Have to say been adding I think The figures tomorrow will be the catalyst for the sector and its not very bid sector.


Yummy