United Carpets Share Discussion Threads

[my retirement fund] 17/12/2016 14:46

United Carpets Group PLC (LON:UCG) Rated As Buy By Analysts At Cantor Fitzgerald
December 16, 2016 8:42 am Writer: Camille Ainsworth Posted In: European Broker Ratings

According to an update released by analysts at Cantor Fitzgerald the broker has now set a ‘Buy’ rating on shares of United Carpets Group PLC (LON:UCG) with a price target of 19.5.
Cantor Fitzgerald on Friday reiterated United Carpets Group PLC’s analyst rating as ‘Buy’ with its price target of 19.5

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United Carpets Group plc 90.2% Potential Upside Indicated by Cantor Fitzgerald

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Today’s Rating On Watch: Cantor Fitzgerald Analyst Reaffirmed GBX 19.50 Price Target on United Carpets Group PLC (LON:UCG) stock, While Reiterating “Buy” Rating

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United Carpets grows half-year profits

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United Carpets ups first half profits

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United Carpets Group plc Plans Dividend of GBX 0.13 (UCG)

[my retirement fund] 17/12/2016 14:46

United Carpets Group PLC (LON:UCG) Rated As Buy By Analysts At Cantor Fitzgerald
December 16, 2016 8:42 am Writer: Camille Ainsworth Posted In: European Broker Ratings

According to an update released by analysts at Cantor Fitzgerald the broker has now set a ‘Buy’ rating on shares of United Carpets Group PLC (LON:UCG) with a price target of 19.5.
Cantor Fitzgerald on Friday reiterated United Carpets Group PLC’s analyst rating as ‘Buy’ with its price target of 19.5

-----------------------------
United Carpets Group plc 90.2% Potential Upside Indicated by Cantor Fitzgerald

-----------------------------
Today’s Rating On Watch: Cantor Fitzgerald Analyst Reaffirmed GBX 19.50 Price Target on United Carpets Group PLC (LON:UCG) stock, While Reiterating “Buy” Rating

-----------------------------
United Carpets grows half-year profits

-----------------------------
United Carpets ups first half profits

-----------------------------
United Carpets Group plc Plans Dividend of GBX 0.13 (UCG)

[loganair] 16/12/2016 17:13

As part of the Board's intention to pay a progressive dividend broadly in line with the growth of the business, the Board is pleased to recommend an interim dividend of 0.13p (0.125p 2016) per share to be paid on 20 January 2017 to all shareholders on the register at the close of business on 6 January 2017. The ex-dividend date will be on 5 January 2017.

Net funds were GBP1.8m (31 March 2016: GBP1.6m)

At 30 September 2016, the store network totalled 59 (2015: 62) of which 51 were franchised (2015: 48) and 8 were corporate stores (2015: 14).

At 31 March 2016, there were 61 stores of which 52 were franchised and 9 were corporate. During the period under review, 3 franchised stores were re-franchised to new franchisees, a franchised store and a corporate store were closed and 2 franchised stores were relocated in their respective towns. As a result, at 30 September 2016, there were 59 stores of which 51 were franchised and 8 were corporate. Since then 2 more stores have closed, one franchise and one corporate, so that today there are 57 stores in operation.

[ntv] 16/12/2016 13:37

agree with you there. competitors won't have the same balance so they won't be a able to this.
hopefully better margins in the second half
useful increase in dividend here today

[my retirement fund] 16/12/2016 11:51

Higher inventory is a wise move given materials will be suffering input rises which are already in the pipeline.The more inventory they can hold now the better. Common sense really.

[qs99] 16/12/2016 10:37

carpets to threads...check out COA's RNS this morning dealing with pension deficit issue...up 10%....DYOR etc....am holding on to UCG still, decent RNS this morning IMO

[ntv] 16/12/2016 10:34

seemed to have dealt with the weaker pound fairly well

[ntv] 16/12/2016 10:32

noticed results includes provisions for closing unprofitable or lower profit stores and cutting lease costs
this should benefit company in the future if not straight away
slowly cutting away the weaker parts of company

[spob] 16/12/2016 09:47

as always LOL

[rolo7] 16/12/2016 09:01

Increase in inventory concerning with less stores open. Cash a bit lower than stated take out 0.25p divi for 2016 after period end

[my retirement fund] 16/12/2016 08:13

Aside from the above inflation rise of the dividend I think they may well be mulling another special dividend for FY imo.

[qs99] 16/12/2016 08:06

and still net funds and balance sheet still IMO looking good, so all in all not bad IMO

[my retirement fund] 16/12/2016 08:03

On target for over 1.3p FY EPS

[my retirement fund] 16/12/2016 08:00

Stonking, bet those few panicky sellers last week will be pig sick.

Key points
 
·      Network sales* were £27.5m (2015: £27.1m)
·      Revenue was £10.2m (2015: £10.4m)
 
·      Like for like sales* increased by 2.1%
 
·      Operating profit increased 9.1% to £636,000 (2015: £583,000)
 
·      Profit before tax increased 8.8% to £640,000 (2015: £588,000)
 
·      Earnings per share increased 8.2% to 0.66p (2015: 0.61p)
 
·      Net funds were £1.8m (31 March 2016: £1.6m)
 
·      Interim dividend of 0.13p per share payable on 20 January 2017 (2015: 0.125p)
 
·      Like for like sales* since the period end continue to be positive against tough comparatives

[spob] 16/12/2016 07:57

Interim results for the 6 month period ended 30 September 2016

[qs99] 14/12/2016 09:35

start of retrace hopefully

[mark1000] 14/12/2016 01:07

NTV - Two sells less than 50,000 shares a 10% decline - 50,000 shares is around 0.06% ie 6 percent of 1 percent of the total shares in issue may be someone is the know but they have not been able to offload many today. Thank goodness they did not want to sell 500,000 shares they probably would have had to have paid someone to take them off their hands.

CPR has been well over priced for years even now its still to high we on the other hand appear to be a bargain time will tell.

The weird thing here is why the directors do not take the Company private after all they are continually attacked for over paying themselves and with the cost of AIM membership surely any reasons for the original listing have long since evaporated. If they want to use shares to purchase other operators its probably 4 times more expensive then cash due to the low P/E of say 6 and thats not mentioning the low trading volumes like we have seen today making the shares illiquid.

[rolo7] 13/12/2016 18:40

cpr forward sales postive since end of half year so useful to know, new player in the market but does not have store near ucg i think

[ntv] 13/12/2016 10:21

hit hard by the poor carpet right results
still a better entity imho no debt
maybe also these sellers know something us punters don't as per usual

[mark1000] 07/12/2016 12:32

Results due in next 2 weeks

[mark1000] 02/12/2016 08:28

rolo - the unwanted property is worth approx 100K no big shakes. If they wanted to pay another 1p special div in 2017 they could do that and still have a bank balance of 1.5M plus and grow the ordinary div to 0.4p.

[qs99] 01/12/2016 08:16

creeping up again....

[rolo7] 30/11/2016 22:18

ucg did say they would sell of a property they purchased as not required could be a nice xmas divi?!

[qs99] 30/11/2016 08:08

indeed, more on the opening...

[lbo] 29/11/2016 15:05

Seems to be some buying ahead of the interims