United Carpets Share Discussion Threads

[rolo7] 02/10/2015 21:49

moved up again on small volume, top tiles results looked good and helpful

[spooky] 01/9/2015 15:44

Chart says they are going up and valuation also says they are going up IMO.

[rolo7] 01/9/2015 15:40

someone was keen 45K@ 12.44p. Head had good interim results saying full year was going to be above expectations.

[rolo7] 26/7/2015 17:53

It would be nice to get an interim divi to follow up the full year one. UCG still got a big cash pile for them anyway after the special divi. I am hoping for 20p here by xmas note outlook statement suggesting l/l are above 2.7% so far compared to last year.

[lbo] 24/7/2015 08:14

Cantor Fitzgerald reiterates buy on United Carpets, target raised from 14p to 16.5p

[loganair] 23/7/2015 07:50

'recommending a final dividend of 0.25p per share payable 16 October 2015' - UCG a company with No debt and another divi....

[lbo] 23/7/2015 06:14

Our like for like sales performance showed a creditable increase, up 2.7%, contributing to an increase in profit before tax of 29% -- Like for like sales* increased by 2.7% -- Profit before tax was GBP1.21m -- Earnings per share were 1.36p -- Cash and cash equivalents increased to GBP2.61m (31 March 2014: GBP1.68m) As part of the Board's intention to pay a progressive dividend in line with the future growth of the business, the Board is pleased to be recommending a final dividend of 0.25p per share.Outlook;Like for like sales for the 15 weeks since the period end to 16 July 2015 have continued the positive trend.

[loganair] 04/6/2015 08:55

Telegraph, excellent article, save reading the whole thing I've copied the specific part that mentions UCG:

Another option to look at would be United Carpets. This Aim-listed minnow reported an 18pc increase in first-half pre-tax profits to £534,000 at the end of September. The market consensus is for full-year pre-tax profits to rise to £1.1m, giving earnings per share of 1p. The shares on 11 times forecast earnings are trading at a big discount to sector peer Carpetright, but this rightly reflects the reduced liquidity and heightened risk in a company worth only £9m.

The management confidence was underlined by the announcement of a 1p special dividend last month, and investors can still pick that up as the shares go ex-dividend on June 4, with the special payable on June 19. After a torrid few years and restructuring of the store portfolio the company is expected to return to dividend payments this year and a catalyst for the shares could be the annual results due in July.

[my retirement fund] 03/6/2015 17:25

Cant blame you and fair comment. I have sold down my holding in the last few days so you can all probably blame me for keeping the price down, but I have done it in several blocks in order to get a decent price and very happy.

This has really added a massive filip to my sip and will help my lifestyle when I retire not to mention families future inheritance.

I now have a core holding which is free thanks to having taken such a large position a few years back and added along the way and very happy to hold and collect the dividends on it and see what the FY brings and the future holds.

I suspect it could remain a long term income stock or it could grow morph and grow, it could also succumb to a decent offer by a suitor.

I disagree with LBO that management would take it private though.

We will also just have to be patient and see what the future holds.

[rec0very stock] 03/6/2015 16:30

I bought in post suspension as a recovery play and what a recovery play it is turned out to be - not my all time best but certainly my best in quite a few years. So with a 5 bagger available I took it to the bank today.

Mindful of the adage cut your losses and let your winners run I did consider holding for the special dividend and subsequent dividends, but aside from dividends, which come straight off the share price and straight off NAV there is nothing left to hold for in my view. The company has no growth potential and no real growth ambitions, indeed it may well shrink a little further.

The share price will drop tomorrow when it goes ex-div, the buying will dry up and others will sell to take what profit remains. I can see it being back at 8p in a couple of weeks time. Just recently the announcement of the special div has created some liquidity in the shares. I have looked at selling prior to this and not been able to get what I considered a decent price for the number I held and did not want to mess around breaking it into smaller chunks paying extra commissions for the privilege. There can be several days in a row where there is not a single share trade.

There is nothing fundamentally wrong with the company, indeed that is why I was confident it would recover as it has. There will be good periods of trading and bad periods of trading. However there is never any real news flow to spark much buying, therefore I took the opportunity to get out while the going was good.

I would expect going forward the annual dividend to be between 0.25 and 0.5p (historically that is all they achieved and the business is a fair bit smaller now), which is not at all bad and if you are after an income stock then hang in their. The directors have a large holding and rely on the dividend (with its tax credit) for a good chunk of their income - nothing wrong with that.

I see the question about other stocks on AIM and indeed there are very few that pay decent dividends. One that might be worth looking at is GLIF. They pay 5p per year in quarterly chunks and are currently at about 55p. The big difference between GLIF and UCG is GLIF also has significant growth potential. Look into it carefully there is some risk as they have changed the business recently and I believe the weakness in the share price which makes it so high yielding is down to doubt over whether the dividend can be maintained with the new business, Thus far those doubts seem to be unfounded and the company are as confident as they can be that they will maintain 5p and deliver significant equity growth as well.

Whatever you decide to do best of luck

[21trader] 02/6/2015 11:52

MRF

Given how many stocks are on AIM there has to be a couple of stand out stocks for profits, growth, cash generation and dividends I'd like to hear of them too.
I mentioned AUK because it could be the best depending on their next trading update due in the next 2 weeks.

[my retirement fund] 02/6/2015 11:28

Ive had this as a major aim play since 4pence and have considered it the most credible AIM microcap play out there. I dont know of anyothers so if your suggesting there may be 5 or so similar other plays out there please tell me what they are because I for one would like to know.

[loganair] 02/6/2015 11:25

Looking forward to next year I can see UCG paying an Interim dividend of 0.25p with a Final of 0.5p, as this is what seems reasonable to me.

[21trader] 02/6/2015 11:14

Had a look at last results which must put them in the top 10 maybe top 5 best value Aim plays. Just have a look at AUK there is a trading update due soon, they trebled profits to 1.5 mil and similar cash to here with similar market cap.

[loganair] 02/6/2015 11:10

oilyrag - depends at what price one brought in at. For once I had a bit of calculated luck with my purchases being just before suspension and the day the shares came out of suspension so for me the dividend yield is around 28%.

[my retirement fund] 02/6/2015 09:00

Holding up well in the face of a broader sell off.Reckon the next excitement due on day of results.

[oilyrag] 02/6/2015 08:26

8%+ divi this week and buying is so quiet.

[my retirement fund] 30/5/2015 07:06

New target ?


free stock charts from uk.advfn.com

[my retirement fund] 29/5/2015 14:48

Larger background fill perhaps.