Market Data
News
Tools
Markets
Discover
Subscribe Login/Register
FTSE 100
7,627.20
(
0.74%
)
Dow Jones
33,093.34
(
1.0%
)
Gold vs US Dollar
1,943.92
(
-0.14%
)
Brent Oil
77.22
(
0.0%
)
Bitcoin
28,073.82
(
4.49%
)
  1. Home
  2. Investing
  3. Stocks
  4. UK
  5. LSE
  6. United Carpets Group Plc (UCG)

  7. United Carpets Group Plc (UCG) Share Price

UCG

United Carpets Group Plc

5.05
0.00 (0.0%)
Upgrade to Real-Time
Share Name Share Symbol Market Type Share ISIN Share Description
United Carpets Group Plc LSE:UCG London Ordinary Share GB00B05J4D26 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 5.05 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.10 10.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.05 GBX

United Carpets (UCG) Latest News

Real-Time news about United Carpets Group Plc (London Stock Exchange): 0 recent articles

United Carpets (UCG) Discussions and Chat

United Carpets Forums and Chat

Date Time Title Posts
06/1/202115:38*** United Carpets ***54
20/11/202003:44UNITED CARPETS>>>THE LATEST INFORMATION1,977
09/8/201922:28Unicredit Group3
22/5/201522:32baa2

Add a New Thread

United Carpets (UCG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

United Carpets (UCG) Top Chat Posts

Top Posts
Posted at 18/12/2020 18:43 by spob
the price you, me or anyone else paid is irrelevant

what matters is the true value/fair price for the future cash flows and dividends that this business can generate

and that is definitely much higher than 6p
Read Full Thread
Follow
Reply
Posted at 18/12/2020 17:33 by spob
I would urge all fellow non concert party shareholders to reject this opportunistic offer

let them pay a fair price for this company if they want it
Read Full Thread
Follow
Reply
Posted at 18/12/2020 08:58 by value hound
So what's the consensus then? I'm happy as long as all my shares get bought, but it all depends on perspective - which depends on the price we all bought in at.
Read Full Thread
Follow
Reply
Posted at 25/11/2020 10:40 by my retirement fund
Market price bit miss leading nothing on offer for 5p
Read Full Thread
Follow
Reply
Posted at 26/10/2020 23:19 by mark1000
My Retirement sure but increase prices you may maintain the margin percentages but your sales volumes will be lower and by definition this will hurt the P&L. In order to maintain volumes for the franchisees depending on the action of your competitors you will in all likelyhood absorb some or even most of the higher costs certainly in the short term. The alternative is lower sales volumes and this means probably shrinking your network of stores. The RNS spells out the concern over higher costs it can never be good news in such a competitive market as floor coverings where customers can delay their purchases or trade down for cheaper solutions.

Retirement I do not expect the Company to go bust in the next 2 or 3 years they have lots of cash. The Directors own 40% plus of the shares for a small business they pay themselves large sums they will want the gravy train to remain on the track as long as possible. The Directors are no ones fools they are actually quite good at their jobs I am sure that they will tell you that they are the third largest carpet retailer and number one Carpetright and number two Tapi have been making huge losses for years as they fight each other to the death. I know people will say Uniteds customers are not the same as Carpetrights but hell if those Companies are prepared to loose hundreds of millions fighting each other for supremacy it does not make life easy for United. I think you have Lord Harris of Peckham to thank for making United shares uninvestable. If Carpetright or Tapi go bust or merge I would buy in here while their fight goes on with both sides prepared to loose tens of millions every year United are collateral damage.

If I am right in my negative opinion on United you will see the share price drift back down. The good news today is they are not going bust anytime soon although I fail to see any more positives than that.

If you are interested put CPR in the search click on Carpetright PLC although no longer quoted having been taken private at 5p per share at the start of this year you will see a share price of 1250p in 2007/8 it was a stock market darling Lord Harris could do no wrong. He had founded the Company and built it up to one of the most valuable retailers in the Country. Then things fell apart he had hoped his son would take over but his son left to start up his own business. Lord Harris decided to sell up and quit the business he had built from scatch. He joined his son with Tapi in direct competition to Carpetright and then spent the next ten years or so murdering his old creation. To be fair after he left Carpetright were poorly managed and contributed to their own downfall. Tapi grew rapidly they had institutions willing to back the Harris family king of carpets after all in taking on Carpetright they had enormous knowledge. They hired the best Carpetright managers they knew the most profitable stores so they had an inside track to hammer Carpetright and as a result the market cap fell by many hundreds of millions may be even a billion. Today that war continues with both these retailers fighting hard to survive as both sets of investors take heavy losses to stay in the game.
Read Full Thread
Follow
Reply
Posted at 26/10/2020 14:29 by mark1000
Babbler 6 months upto 31/03/20 445K loss if you add IFRS 16 745K loss a small amount of the loss down to lock down as it only hit end of March. Sales were down I think 2.6% and Covid was to blame for 1.6% the real issue was margin/ cost pressures. In a strange way Covid has ridden to the rescue of UCG by hiding the true position giving the Directors a big cash pile to slowly work through with their overly generous pay packages.
Read Full Thread
Follow
Reply
Posted at 26/10/2020 13:31 by mark1000
The big thing folks are latching on to is 5M cash some think it can be given to the shareholders not a chance. As at least 3 to 4million of it is Government loans and deffered VAT. No where on the RNS does it say anything about the Company trading profitably. As for the future the directors have warned you all margins are under pressure, Brexit could add extra cost if no deal is done. Like the housing market the Company has gained from pent up demand and people wanting to move house in this Covid world. If you think this will continue in the face of higher unemployment and higher infection rates you are away with the fairies. The Directors more or less said that in their RNS if you bother to read it carefully. If you look at the share volumes today they are tiny most folk realise this is a get poor share slòwly not a get rich share quickly unless you are a director.
Read Full Thread
Follow
Reply
Posted at 25/9/2020 16:25 by mark1000
Barely profitable before Covid now a Zombie organisation with a 2M Government loan they will never repay. I have not read any where that the Directors have cut their overly generous sallaries they have always been the main beneficiaries of UCG and continue to be so while it lasts.
Read Full Thread
Follow
Reply
Posted at 08/7/2020 15:48 by mark1000
If the directors do not take it private one thing they should do is rebase their pay eg pay themselves a basic of say a 100K and the rest based on profit share. This would be an honest attempt to readdress the imbalance in reward between shareholders and directors. With the company headed for heavy losses from the very small precovid profits the directors remuneration has to be central
to the companies cashflow and importantly to the relationship with shareholders and franchisees proving we are all in this together and no one has a golden ticket to avoid the mayhem.
Read Full Thread
Follow
Reply
Posted at 26/6/2020 12:38 by my retirement fund
I think the share price has to go up now
Read Full Thread
Follow
Reply
United Carpets share price data is direct from the London Stock Exchange
Your Recent History
LSE
UCG
United Car..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230528 23:56:55