United Carpets Share Discussion Threads

[callumross] 15/12/2017 13:53

That is me in for an initial 40k as seems far too cheap.

[my retirement fund] 14/12/2017 13:44

Another special divi for 2018 then?

[value hound] 14/12/2017 08:09

The valuation makes little sense.

[spob] 14/12/2017 08:00

Outlook

Trading in October was similar to the first half before improving strongly in November. Like for like sales for the 10 weeks since the period end to 7 December 2017 show further improvement on the first half performance.

We have started the lead up to Christmas well, which places the Group in a good position for the year. The market remains unpredictable and so our focus will continue to be on protecting our position through maintaining margins and focusing on our delivery of quality and value to our customers. We do see incremental opportunities to expand the business looking ahead into 2018 through the addition of new stores and development of new trading formats but fundamentally the focus is on good execution across our existing business.

Peter Cowgill

[lbo] 29/11/2017 13:37

Carpetright UK same-store sales were up 0.8pc, with a 2.1pc increase in flooring sales offset by declining demand for beds

[lbo] 10/11/2017 10:13

PropertyA unique opportunity arose during the period to acquire the freehold of 2 of the Group's long established stores. Rather than allow ownership to pass to a competitor, the Company acquired the 2 sites plus a further non-core site for GBP1.0m in February 2016. It is the Group's intention to sell the non-core site in due course.

[3800] 10/11/2017 09:24

so is the property ownining company owned by United carpetws which is quoted on the stockmarket or some other entity owned by someone else?
3800

[quidzinn] 10/11/2017 09:10

The properties being sold at auction and by private treaty are/were owned by United Carpets (Holdings) Ltd., leased to United Carpets (Property) Ltd. with United Carpets Group PLC as the Guarantor.

Q

[my retirement fund] 09/11/2017 14:11

Basically stating how sustainable United's earnings really are;Https://simplywall.st/news/2017/11/08/what-you-must-know-about-united-carpets-group-plcs-aimucg-roe/

[spob] 27/10/2017 09:14

yes long way to go

dirt cheap

[my retirement fund] 27/10/2017 08:33

People still waking up to the fact its on a multi year low and paying a good safe yield.

[my retirement fund] 18/10/2017 09:27

Some chunky transactions today

[jbarker5555] 12/10/2017 21:52

I think the vendor is UCG. If you look at the legal packs they show the land registry documents. For example the Worksop site was bought a few years ago for 120K, now being sold for 200K+.
I don't imagine this is "news" as such, I'm just surprised to see so many go in one auction when I can't remember another one going in the last 5 years through either Allsop or Acuitus. :)

[my retirement fund] 12/10/2017 18:42

Its Allsop they are all already let on decent medium term leases to UCG.

No clue who the vendor is but seems pretty irrelevant news on the surface (am pleased to say)

[3800] 12/10/2017 18:10

who is the auctioneer? If details of rent are given they don't own the sites do they?

[lbo] 22/9/2017 11:10

The Board is therefore pleased to be recommending a final dividend of 0.275p per share (2016: 0.265p per share). Subject to approval at the Annual General Meeting, this dividend will be paid on 12 October 2017 to all shareholders on the register at the close of business on 29 September 2017. The ex-dividend date will be 28 September 2017.

[norbert colon] 15/9/2017 11:24

Have helped myself to a healthy SIPP top-up.

[my retirement fund] 15/9/2017 11:08

Well I suspect this free bonanza is nearly over as offer has been tightened. Can sell 100k at 8.4p but cannot buy at quoted bid online at all now.

[my retirement fund] 14/9/2017 15:45

Seems to have been taken down on one single large sell order.

[my retirement fund] 14/9/2017 15:08

Cant find any so ive just taken a few at 8.25p

[tabhair] 14/9/2017 14:54

Someone seems to be dumping shares, is there news?

[ntv] 29/7/2017 09:40

lol, what 9.45p ?

[my retirement fund] 27/7/2017 10:31

The app is worth that on its own imo!