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Has anyone received their cash yet from the tender offer?
Happy Friday!
Well that's interesting, share buyback at 6.25p! Company to be delisted from AIM and re-registered as a private company!
Tender offer at 6.2p. Better than OCT!!!!!!
Confidence from the board. Announcement that the CBIL isn't needed and will be repaid soonest and a return to dividend payments.
Reasonable update today with recent pent up sales of 24% above last year helping offset 8 weeks of nothing.
In a decent financial position, but faces certain costs and constraints including enough carpet fitters and just note that it cannot pay a dividend until Government borrowing is paid back.
Looks ok and safe for the medium / long term, but it's still too early to pop champagne corks - I've been waiting over 3 weeks for the carpet stock to come in before even thinking about the fitters....!
Great achievement at these difficult time
Moving up nicely from its recent 2p low. Housing market reopening this week, which will give the furnishings market a big lift. Fair value here is currently around 6p. Oversold, undervalued, and plenty of upside.
This is way oversold and ready for a big rebound. Have plenty of cash to see them thru the plague, and they are market leader, in a strong position to boomerang back.
For a company like this who are opening more stores and have no debt and money in the bank and still paying dividends thy must be doing something right.
Surprised there is not more activity here. Looks way oversold.
A new United Carpets store is opening in Bristol, I believe it is their first in the South and west, it was a Maplin store in a previous life (now defunct). I hope UCG are more successful and profitable.
The profit warning was mentioned in the annual report in July (http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UCG&share=united_carpets). I assume that the price is so low as the warning of profits is factored into the price.
@f15jcm
Benjamin Graham would be buying them off you at 6p.
Even if profits fell by a half, the PE at the current price would still be around 10, so a good 'margin of safety'. UCG has no debt and £2,000,000 cash so dividends aren't going anywhere.
United Carpet has NO debt. Sales are up by 3.2 percent. Profits are 1.52 million. Sixty percent profit margin. The share price is under 8p which represents great value for a consistently profitable business - very positive comments from customers. Market Cap 6 million. United Carpet have recently set up a buying feature on their website. As the business has No debt -so very difficult to go bankrupt - Interim dividend of 0.135p and final dividend of 0.285p per share. PE under 5. Over the past four years profits have grown 13 percent.
Sixty percent profit margin. Share price is just 7.75 for a profitable business - 2 million consistently - very positive comments from customers. They have recently set up a buying and selling feature on the United Carpets website. No debt -so very difficult to go bankrupt - dividend at 5 per cent. PE under 5 . Over the past four years profits have grown 13 percent.
what are the chances? done prev in 15 and 17 and would help to raise sp
Agree with you f15jcm. The share price has traded a lot higher in the past. It looks like I will have to be patient with this stock.
I have just seen an article in City Confidential dated the end of November 2017 describing this share as extremely good value. The article also refers to the shares trading on an extremely low multiple of earnings given the level of net cash held and states that it is not a situation which can continue indefinitely. CC mentions the attractive dividend yield plus the strength of the balance sheet. On the negative side it mentions fears over consumer spending. However the company recently said in its half-year report that trading improved strongly in November 2017 and had started the lead up to Christmas well. CC rated the shares as a buy.
Managed to pick up another 40,000 at 8p but had to do it on T2. Will hold these for medium term and see how this pans out. Fundamentals look good.
I usually buy on T20 but can't do that on a limit order. I use Interactive Investor. At lunchtime I could have bought another 20,000 on T20 but late afternoon I couldn't get a quote for 1,000 on T20. I wanted another 40,000 and will try again tomorrow.
Just bought back in. 40,000 shares at 7.999. Looks undervalued. Tried to buy 80,000 but couldn't get a quote.
To those who want a more stable company to invest in than UCG, then look no further than Headlam Group, which is a distributor of floorcovering and most of their business derives from the UK. Like UCG, it pays a high dividend yield of 5%. The best thing about Headlam is less competition for distributing floorcovering. For further details on Headlam, click http://bit.ly/2mLZyHa
Most retail stocks have very poor Trustpilot ratings. This one has 5 out of 5. Stockopedia gives it 93 out of 100. No debt. Good dividend, well covered. Reasonable spread for a low free float microcap. Relatively Amazon resistant. The main doubt is the unclear macro situation. This is one of my tips for 2018.
Management have a lot of skin in the game so as an investor you are more aligned with them - hence the progressive and special divis. Management are focused, proactive and customer-centric. Excellent business where the strong cashflow is king. The p/e here should be significantly higher given the cash generation and prospects.