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There doesn’t appear to be much wrong fundamentally, so is the price tanking due to the possibility of a BREXIT, any ideas?
CPR Carpetright PLC SP moving up after results beat at competitor UCG United Carpets. Could be a lot of upside in this one. http://content.screencast.com/users/marketsniper/folders/Default/media/58aa2fd0-ce31-45ee-a8a2-9fd9dda4b936/cpr%204.jpg
CPR Carpetright PLC Positive divergence now showing on the chart. Looks like 500p will be the first major SP target. http://content.screencast.com/users/marketsniper/folders/Default/media/21d4de88-439c-4f11-a855-f9fdd538c2e8/cpr%203.jpg <b><u>Company</u></b> Carpetright Plc engages in retailing carpets and floor coverings.It sells floor coverings, carpets, vinyls, rugs and laminates together with associated accessories. <b><u>Valuation 2016e 2017e</u></b> P/E ratio (Price / EPS) 18,1x 14,0x Capitalization / Revenue 0,51x 0,51x EV / Revenue 0,51x 0,48x EV / EBITDA 7,28x 6,05x Yield (DPS / Price) 0,17% 2,34% Price to book (Price / BVPS) 3,17x 2,74x
After 9 to 12 months in and out of shorting CRP Carpetright, ive decided to go long and am building a position. It looks derd cheap now and ticks all the right value boxes for growth over the next few years. Heres the Motley fool yesterday summing it up...... (sold WPP for a small profit for my one in one out current policy) Meanwhile, shares in Carpetright (LSE: CRP) are up by around 7% today despite no significant news having been released by the company. Despite this rise, its shares are still down by 29% since the turn of the year, but over the medium term they could easily recover lost ground. <b>A key reason for this is the company’s upbeat earnings forecasts. In the current financial year, Carpetright is expected to increase its bottom line by 23%, with further growth of 30% next year and 23% in the following year being pencilled in. This means that its net profit could be as much as 97% higher within the space of three years, which has the potential to act as a positive catalyst on its share price.</b> And while there are uncertainties surrounding the performance of the UK and European economies, Carpetright’s price to earnings growth (PEG) ratio of 0.5 indicates that there is a sufficiently wide margin of safety on offer to merit purchase right now. http://content.screencast.com/users/marketsniper/folders/Default/media/a4d5a08c-b46e-4730-a4a9-47c7d7496109/cpr%202.jpg
Todays results - http://www.risersandfallers.com/2015/12/15/carpetright-posts-35-growth-in-underlying-profit/
Sunday share tips: Carpetright Alexander Bueso | Sharecast | 13 Dec, 2015
Inside the City: Carpetright still looking for the right fit Danny Fortson CARPETRIGHT is a slow burn. It’s been 18 months since Wilf Walsh piled in as chief executive. He... Published: 13 December 2015
no dividend
It seems carpetright has a new competitor opening stores across the county.
Full Year Results for the 53 weeks ended 2 May 2015:"Substantial growth in Group underlying profit to £14.2m, strong like-for-like sales growth in UK, a return to profit in the Rest of Europe and a net cash position at period end." But no return to a dividend. One of the days top performers while the rest of the FTSE recedes over the uncertainty of a Greece default. ATB.
They say every dog has its day, so let's hope this one still has a bit of fight left in it. Bought a few on a dip a while back so may yet get to make a small profit when I come to sell. Until then it's filed in my 'needing a miracle drawer' along with RSA, MCB, TSCO, THT, TNI, PTV, MWH and a few others!! Fortunately there are a quite a few others who more than compensate for the losses so not too unhappy. ATB.
Martin Harris will first need to open a store and start selling carpets before there is any chance of denting this surge - now nicely back above 500p. ATB.
So the new national chain from the Harris family is to be called tapi Haitian French for the word carpet they'd see if they make a dent in to carpet right recent surge ???
<b>Shore Capital analysts said: "Following share price appreciation of Carpetright we were reviewing our stance on our recommendation. However following this positive trading statement we reiterate our BUY stance."</b>
Carpetright to beat profit forecasts as recovery continues 21 Apr 2015 - 07:46 LONDON, April 21 (Reuters) – Britain's biggest floor coverings retailer Carpetright said on Tuesday full-year profit would be ahead of expectations after sales in its key home market continued to recover and trading improved overseas. Sales at UK stores open more than a year rose 10.5 percent in its fourth quarter, ahead of a 7.5 percent third-quarter rise, as promotions and a new interest-free credit offer revitalised demand. Like-for-like sales at its European business, made up of the Netherlands, Belgium and Ireland, grew 2.4 percent. "In light of this strong finish to the year, we now expect that underlying pretax profits for the full year will be above the current range of market expectations at around 13 million pounds ($19 million)," Chief Executive Wilf Walsh said. The group, which issued several profit warnings last year due to tough trading in the Netherlands and weak demand in Britain, said its full-year UK gross profit margin would fall around 130 basis points and grow by around 250 basis points in Europe. Carpetright, which trades from 459 stores in the UK and 137 in the Rest of Europe division, posted a full-year underlying pretax profit of 4.6 million pounds in 2013/14. ($1 = 0.6722 pounds) (Reporting by Neil Maidment; Editing by David Holmes) ((neil.maidment@thomsonreuters.com; +44)(0)(207 542 2292; Reuters Messaging: neil.maidment.thomsonreuters.com@reuters.net) Keywords: CARPETRIGHT OUTLOOK/
CPR Carpetright fantastic AHEAD trading update this morning. http://www.investegate.co.uk/carpetright-plc--cpr-/rns/trading-statement/201504210700447832K/ http://content.screencast.com/users/thomaser/folders/Default/media/df05c2c2-9ac6-415f-8fb9-d59a31be1e15/cpr%203.jpg
Nice to see this back above £5. Well done to all those who like me topped up when the sp was around 325p only two months ago. More than makes up for some of my other top-ups - namely BNC - which haven't done so well. ATB.
Now showing a 50% gain on my top-up @ 320p just over a month ago, and nicely back in profit overall. £5 soon?? ATB.
CPR Carpetright.now benefiting from new management and debt paid down. See latest results RNS. Will meet expectations .........https://pbs.twimg.com/media/B5eH3WyCQAEHPJw.jpg
Strong buy - showing confidence in the share
For once I seem to have got my timing right and am back in profit - just. Onwards and upwards. Though the doom-mongers seem to have gone very quiet, maybe they are regretting missing an opportunity to make a quick profit - +30% in a week!!! Obviously they are not as smart as they think they are!!!! ATB.
Not looking like sinking to 220ish any time soon, hope you didn't open a short based on your bold predictions. If you had bought in when you made that comment you would now be sitting on a nice 25% profit!! My top up around 320p bringing my av down to just over 405p is beginning to look like a stroke of genius - and I'm not known for getting the timing right with most of my deals. ATB.
Solid first half with total sales growth of 2.6% Underlying profit before tax of £6.7m, up by 123.3% Profit before tax up from £1.9m to £6.7m, an increase of 252.6% Commenting on the results, Wilf Walsh, Chief Executive, said: "I am pleased to report that the Group grew profits during the first half, with an encouraging increase in UK like-for-like sales, a return to underlying profit in the Rest of Europe and a net cash position at the end of the period. Having made a solid start to the year, we now expect full year underlying pre-tax profits to be towards the upper end of current market expectations." Top of the share risers table for the 2nd day running - maybe there is life in this share yet. ATB.
come on guys this baby needs to be climbing it actually has prospects unlike some other companies, cough*concha*cough
Think you will find the Interim Results are due on Monday 15/12. ATB.