United Carpets Share Discussion Threads

[cityconindex] 11/5/2017 09:31

1P Special dividend and a rush to get the accounts into companies house.. a small company with growing profits makes it vulnerable to a takeover at double or triple its price.. Companies like Carpetright and Tapi come to mind. But a good call at a very reasonable price. 11.5 p DYOR cheers

[loganair] 11/5/2017 09:26

What I am trying to say is how well the BOD of United Carpets have looked after their small private share holders whereas usually in similar circumstances the BOD are only concerned about their own self-interests.

[my retirement fund] 11/5/2017 09:23

Yea of course, I'm forgetting you were a wollies expert lognair

[loganair] 11/5/2017 08:17

Some parts of Woolies were a going concern and the share holders could have been given shares in these parts. Only two parts of the Woolies group were placed into bankruptcy while the other parts were kept going and sold off.

When it came to Woolies they had made £28mln profit in the previous financial year and were expecting to make a profit of £32mln in the financial year they went under.

[my retirement fund] 11/5/2017 07:43

This was a going concern tho wollies and hmv were dead ducks.

[loganair] 11/5/2017 07:31

I always remember how well the BOD treated us share holders when they put UCG into bankruptcy. Another part of the group bought the company out for £1 then the BOD gave us share holders 1 new share in this company for every old share held. Something which the BOD of Woolies or HMV could have done but sadly didn´t.

[qs99] 11/5/2017 07:26

£8m market cap, cash pile IMO approaching £2m so EV £6m, isn't their freehold property in this plc?....and over £1m IMO likely EBITDA....with yield....lovely DYOR

[my retirement fund] 11/5/2017 07:24

I dont think you'd likely get this kind of treatment if you lived in East Timor.

[ntv] 11/5/2017 07:11

that's a bit of a Brucie Bonus
nice

[lbo] 11/5/2017 07:02

Over 3p paid out now in the last few years. Would also give the major shareholders Eyre and Grayson now some nice firepower to try buy out the less then 40% remaining shareholders

[my retirement fund] 11/5/2017 06:45

What a corker this share has turned out to be.

[lbo] 11/5/2017 06:08

Another 1p special dividendhttp://www.investegate.co.uk/united-carpets-group--ucg-/rns/special-dividend/201705110700167822E/

[rolo7] 25/4/2017 14:17

OK numbers by carpet right today, ucg should have better like for likes.

[mark1000] 23/4/2017 13:20

We should have an update soon last year 20/04 - probably more positives but emphasis on caution over a potential slow down. Will they declare a special 0.5p dividend I think so they could afford a lot more but caution will rule IMHO but what do I know.

[rolo7] 20/4/2017 19:38

Certainly looks cheap but there's lots of competition in this market, I hold a few dividend yield nice to.

[ntv] 20/4/2017 17:07

recently mentioned by IC in a stock screening article
one of 17 buys

[ntv] 08/3/2017 22:35

yes, we saw that
overhang cleared?

PR Eyre 38,482,500 47.3%
D Grayson 12,541,392 15.4%
Secure Nominees Limited Des:SVCLT 8,538,100 10.5%
IF Bowness 2,691,208 3.3%
Wealth Nominees Limited Des:WRAP 2,635,120 3.2%

[rolo7] 08/3/2017 22:09

500k trade

[rolo7] 18/1/2017 11:17

bit worried about the competition in the market these dont have many stores near to ucg .

[my retirement fund] 17/1/2017 23:31

Given the shares the chairman own I would say another special

[mark1000] 17/1/2017 23:16

The big question for me is what are they going to do with the cash that they continue to grow in the bank given they like to have a buffer of approx 1.5M will they buy more sites? In 2016 they spent a million doing this or will they give us another special dividend of say 1p costing the Company 800K if they do nothing sometime in 2017 we are going to have a 2.5M cash balance ( 30% of the market cap). In May 2015 they declared the 1p special dividend two years later they can afford to repeat this - the question is will they?

My guess is that they will pay a 0.5p special dividend and put aside a substantial sum on resites of branches to improved trading sites and start a major refurbishment of stores to match CPR time will tell.

[spob] 05/1/2017 13:40

ex div today

0.13p