United Carpets Share Discussion Threads

[startrekker] 21/2/2012 19:37

SCS now selling carpets and advertising heavily on Radio and TV... inevitably going to hit the bottom line here soon!

Just a matter of time!

May be a dead cat bouce but don't expect miracles.

[clocktower] 21/2/2012 13:19

Maybe someone just cutting out that has sent a shiver down a few holders, looking at the trades.

[cgod] 21/2/2012 13:16

Some one sold 1.8 m at 2.5p at close last night, look at the trades. No going bust MMs would not of taken on the stock. Could be a punt at this level.
I would say that most of the sells are in fact buys at around 3p.

[pictureframe] 21/2/2012 13:08

They had over £1 million at last Trading update - however that will soon go if they are now loss making....i.m.o there is a profit warning coming that has leaked hence the price drop today.

[rxcbs01] 21/2/2012 12:00

cant see them about to go bust they had cash and no debt ??? buying opportunity or ???

[startrekker] 20/2/2012 16:40

tick tock tick tock.........

[wakeland] 10/2/2012 13:32

09/02/2012
UCG
United Carpets Group
Seymour Pierce
Buy 5.12p
Target 10p
95.31 %

[startrekker] 18/1/2012 01:03

loganair, UCG carpets don't smell of anything, mainly sell cheap rubbish.

Have you ever walked on a carpet in a shop?

Have you not heard of sampling through the post, been around a while now!

I can see buying a sofa requires the full body experience, but not carpets.

Times up for the huge, expensive outlets.

[loganair] 17/1/2012 07:30

Buying a DVD or book on line is one thing and easier enough to return if there is a problem. I've watched the film on TV, like it then buy it through Amazon.

However, when buying a carpet I want to feel it's texture, walk on it and yes even smell it which one is not able to do one line.

[startrekker] 16/1/2012 23:33

Not looking promising for the retailers!

[castleford tiger] 29/12/2011 16:53

I agree with no Divi. Avoid

[startrekker] 27/12/2011 23:51

With SCS now selling carpets and CPR now selling beds, it won't be long before the sofa, bed and carpet business will be consolidated into fewer players.



Gloomy days/weeks/years ahead for the lot of them

[envirovision] 22/12/2011 17:46

United Carpets Group, engaged in carpet and bed
retailing and franchising of retail outlets will release its half
yearly earnings on 23 December, 2011.
Looking ahead, the Group believes its increased ability to
analyse transaction data through the use of improved
systems and additional technology will enable it to increase
store performance across the whole of its store network with
a particular focus on measuring the effectiveness of the
Group's marketing and its ability to convert customer visits
into sales. The Group will continue to refine the process of
identifying good prospective franchisees for stores although
new store openings are likely to be limited in the near term
reflecting the current market environment. The performance
of the business has been satisfactory and arguably quite
resilient when compared to the wider retail market. Trading
since the year end was initially very tough but has improved
in more recent weeks with like for like sales just positive on
Flooring and 14.8% down on Beds to give a total like for like
sales decline of 1.3% for the first 15 weeks of the new
financial year. Given the volatility seen in the year under
review it is hard to extrapolate much from a short period of
trading and the Group remains cautious about the remainder
of the year in the absence of any significant improvement in
consumer confidence.
The Group‟s strategy of controlled expansion, funded from
cash reserves, requires a regular supply of potential
properties the availability of which will be influenced by the
general economic environment. The recent challenging
trading environment has resulted in a number of retailers
ceasing to trade increasing the availability of property
opportunities. United Carpets reported network sales across
the Group, including the value of retail sales by its
franchisees, increased 2.4% to £71.6m (2010: £69.9m). Profit
before tax and exceptional items was £1.48m (2010: £1.46m)
and basic earnings per share increased to 0.98p (2010:
0.84p).
Seymour Pierce expects the Group to report revenues of
£72 million and £72.50 million for FY 2012 and FY 2013
respectively, with EBITDA of £2.10 million and £2.40 million.
Pre-tax profits (pre-expect) for the periods are expected at
£1.10 million and £1.30 million. Profit per share is estimated
at 0.90 pence and 1.10 pence for the same periods.

[startrekker] 27/11/2011 00:08

I think you will find that you can, at half shop prices too!

[envirovision] 08/9/2011 15:01

Interesting angle though, cant sell carpets through internet.

[loganair] 08/9/2011 14:17

LBO - Thanks for all the snippets of news.

[lbo] 03/8/2011 18:38

Mr George added that in his view the stock was significantly overvalued and peer United Carpets was much better value

Read more:

[lbo] 20/7/2011 10:43

Headlam, the European floor-covering distributor, has, like the retailer United Carpets, bucked the downturn in the carpet market by rolling out stellar figures for the first half of the year. Analysts at Peel Hunt said the result was "excellent" in what the distributor's management called a "flat" market, particularly in the UK

[lbo] 18/7/2011 10:41

Carpet and flooring retailer United Carpets rolled out a 13 per cent increase in annual pre-tax profit as total like-for-like sales fell by 1.4 per cent in the first 15 weeks of the new financial year.