United Carpets Share Discussion Threads

[lbo] 30/7/2014 13:32

The recent heat wave has driven up hardware and DIY sales by 20%.

That's according to the latest CBI Monthly Distributive Trades Survey which found that 51% of retailers expect sales to continue to grow as the warm weather continues into next month.

Furniture and carpet retailers have experienced the greatest growth with an increase of 51%.

[lbo] 28/7/2014 14:15

The Yorkshire and the Humber economy is showing clear signs of recovery, according to analysis by PwC.

In its latest UK Economic Outlook report, it projects Yorkshire GDP growth will pick up from 1.6 per cent last year to around three per cent in 2014 (revised up from the 2.5 per cent projected in March 2014).

[lbo] 25/7/2014 14:21

RETURNING consumer confidence and an improving housing market helped Yorkshire-based United Carpets Group increase sales last year.



House prices were unchanged month-on-month in London, Wales and the North East, while they increased by 0.1% in Yorkshire and Humberside.
They increased by 0.2% in the East, West Midlands and the North West.
And by 0.3% in the South East and the South West.
East Anglia recorded the strongest month-on-month uplift in property values at 0.5%

[rolo7] 24/7/2014 23:38

I am right in thinking that 31st march would be a cash low point for the company as rents has just been paid for stores in corporate?

[envirovision] 24/7/2014 14:29

Im sat on a beach so missed this mornings fun but I would have added. I will be looking forward to future dividends as will the ceo and of course capital growth as the business stablises and firms up in the next few years. If there were to be a bid right now it would need to be a a considerable premium to the current price eg 70% might sway it! I read one of the posters sold on valuation metrics and theres nothing wrong with banking a profit but what an earth did you sell up to buy may I ask?

[lbo] 24/7/2014 11:04

Cfro

Profit before tax and exceptional items was GBP0.94m
Divided by 81.4m shares in issue
= 1.15p x 10 times = 11.5p

Add the cash of £1.68m and gives a valuation of circa 14p per share


Would not be surprised if we see a bid materialise if it stays at this level







A|so FYI interceptor2 regarding the outlook statement by UCG, It fits with the CBI figures of a slow June but bounce back in July and going forward.



The CBI's monthly snapshot of spending showed activity bounced back strongly this month after a marked slowdown in June

the strength of the housing market provided a boost for furniture and carpet stores

"Retailers expect an even faster rise in sales volumes next month, and are stocking up in anticipation of growing demand."

[dasv] 24/7/2014 10:03

broker upgrade
Stock analysts at Cantor Fitzgerald Europe boosted their target price on shares of United Carpets (LON:UCG) from GBX 10 ($0.17) to GBX 12 ($0.21) in a report issued on Thursday. The firm currently has a "buy" rating on the stock. Cantor Fitzgerald Europe's price objective points to a potential upside of 26.32% from the stock's previous close.

[interceptor2] 24/7/2014 09:31

I am sorry to report that I did sell my shares this morning, just being cautious after reading the outlook statement. Hopefully Q2 is only a minor bleep and the next trading update will confirm this.

So I will keep an eye on UCG, and look to invest again if an opportunity arises.

[eezymunny] 24/7/2014 09:24

eps of 1.39p is after a tax credit. Use a more normal tax rate and you'd get eps of c. 0.9p

Roughly.

[doctorjohnson] 24/7/2014 08:47

Reasonably encouraging results until you get to the last paragraph. Sales in current year down 2.3%.

[cfro] 24/7/2014 08:02

EPS of 1.39p LBO, so pe of ten sees us at 14p nearly.

[lbo] 24/7/2014 07:56

An undemanding x times earnings of 10 should see the shares trade at 11p

[cfro] 24/7/2014 07:52

A very comfortable statement. Trading is improving albeit slowly.

PBT up and eps of 1.39p. So pe only 6.2 here.

Capital reorganization so as to have the ability to pay divi's in the future.

[lbo] 08/7/2014 16:21

Topps Tiles hails positive signs

Thursday 3 July 2014

Topps Tiles, which trades from 330 stores in the UK, said it believes it is continuing to grow ahead of the rest of the market after like-for-like revenues rose 6.3 per cent in the 13 weeks to June 28.

Chief executive Matthew Williams said there were positive signs and added: "We remain optimistic about trading conditions."

[envirovision] 07/7/2014 17:51

David I think if you look at the share register that will probably answer the question as to why they don't make a load of noise, majority owned by exec staff with founder and director owning nearly half !

I expect they would be more vocal if they were looking to butter the market up and cash their chips in, but I rather suspect thats not the case and Paul Eyre will be hoping to restore some kind of dividend to bolster his fortunes and reward his hard work.

[davidosh] 06/7/2014 23:17

I am aware of that link but he does not remotely drive the UCG business IMO as that is down to the two executives.

[rolo7] 06/7/2014 22:45

Peter Cowgill Chairman of ucg and Executive Chairman of jd sports i think. 31st march is the year end here

[davidosh] 06/7/2014 21:38

Just briefly....

I appreciate it is only five months but that assumes the results will be out by the 24th but then we are into the sixth ! I suspect it will go into a sixth month.

I am not so sure they are ready for a Mello event yet. They are a tough audience in Beckenham and a few things need attention investor relations wise I think. Lets see how those results and outlook fair up ?

rolo7.....Can you give us a clue on that bigger pie in the oven ?

[rolo7] 06/7/2014 19:54

think thechairman here has got his hands in alot of bigger pies that take up his time!

[envirovision] 06/7/2014 19:54

They updated the market 24th Feb so that still less than 5 months ago not 6.

EOY was scheduled for report 31st July last year, I guess they feel happy to maintain the satus quo.

I would love to meet the board though, perhaps you could persuade them to make the journey down from Rotherham for one of your shindigs David, that would be nice.

[cfro] 06/7/2014 18:14

Perhaps they dont know what a 'shareholder' is?

These have never been prolific at releasing updates and regular news to shareholders.

Things should change. How about getting them to a Mello event?

[davidosh] 06/7/2014 15:19

The company really should be much quicker at getting their results out. Nearly six months between an end of year trading update and the audited results suggests either poor accounting systems or a lack of desire to keep shareholders updated in a timely fashion.

It will be nearly the end of the first half of the following year at the report stage which gives insiders total advantage in a trading scenario and little confidence for investors that the company are interested in them knowing how the company is trading.

[cfro] 06/7/2014 14:06

Well, we've not heard a peep from these since the last trading update way back in February when they did say that 'earnings will be materially above market expectations'.

Results to the end of March could be due at any time now.