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"reducing debt to a manageable £350m."
Are you having a laugh FoolChild? If you earn £16K a year before costs and owe £35K in debt it is not manageable, and reducing it for £135K to £35K doesn't make it any better because it sounds better.
Anyway - you said it was going up to 30p+ on results day - what happened - it's only gone down since?
You said shorters were going to get burned - they're all making money while you lose it and/or try to get others to lose it.
They need a re-branding next - Carpetwrong - especially for the investors and creditors.
You need to look on their Jobsite .Carpetright are seeking 99% Part Time positions to replace Full time positions .
Surveyors are doing Free surveys with no orders . The reality is ADMINISTRATION is not far away .
i thought you had 5 grand invested in this,now your laughing cos you think its going bust,anyone might think your a bullshitter,what a complete knob
22mtf- I thought you was a serious poster, but your last post was just childish.
hahaha what bullshit,coolkid is right none of you shorters has a penny invested here,you all need to get out in the sun and leave your pokey little bedrooms before mum makes your tea
This is the worst time of year for carpet sales.
October to January is the busy time .
Taking a kick in positive spike but cant stop the cycle on technical obvs be in the 20s at some point
They’ve returned to sales growth as there selling it with very little profit. They have people working in there stores with no previous experience in the flooring industry hence why they have endless complaints . This is a very risky but
Sales v 60m market cap get ready to lift off end of the week
Great turnaround by the company! Cpr has been on my radar for a long time now and I have finally decided to invest in now... long term view is very bright now the rent issue is almost out of the way. Well done to mgt for a great execution. Gla
so losses for the year are brilliant in your book?
I have some beans you might want to buy..
Also you said this share would “smash 50p by the time it gets to results”
Well it has day be the complete opposite so shows what kind of bull you are full of. Looking at your history you seem to put a price and timeframe on shares which none have materialised, since you pluck figures out of thin air and based on hope rather than reality.
Coolkid- you’re a pathetic moron with no morals. Look at you trying to suck people in so the demand for this share increased, hence the price goes up and you could go away with a profit. However potentially look how much money you could cause people to loose. The trading update in April told you that the profit will only be positive before tax , interest, depreciation and goodwill right down are taken into account. What part of this don’t you understand? The company will most likely post a loss for this year, and the magnitude of that is unknown!!!
Or does the word profit just stand out for you in the update?
You really are pathetic and hope no one invests on the back of your nonsense.
Shutts- I hope not mate, I need 30p just to get my money back. Ignore Coolkid he’s just deluded and anyone that talks common sense is a shorter. Coolkid and Ftsemajor are the same person.
I'm not shorting it but I'll have a wager with you if you like.
50p that the share price is 9p or lower within 12 months.
You're trying to make money by short term trading, which is trying to predict the short term future, which is a recipe for losing money.
Bad mistake selling HUR.
I recommend you read the art of execution by Lee Freeman-Shor.
Ftsemajor: "Potential rewards here are huge for a very low risk! This is a golden buy in my book!!"
If you call total debts amounting to 7 or 8 times the market cap of the entire company low risk, then I have some magic beans you might be interested in buying.
If you want a proper golden buy with huge upside then HUR is what you should be looking at.
I have no idea mate if it'll go up for a bit or down, but I invest in companies for the long term and I don't see how Carpetright has a long term future, so inevitably IMHO it will go bust at some point.
As Warren Buffet puts it:
1) Rule 1 is to not lose money. Rule 2 is to not forget rule 1.
2) I don't HAVE to invest in anything. That means I can wait until a stock comes along that I know is right in the middle of the sweet spot.
In other words since you don't have to invest in Carpetright as an example, a struggling company that has a strong possibility of going bust since it's in dire financial circumstances, but you can instead wait and invest in a much better company that is not in trouble - then why take the risk?
Maximum returns for minimum risk is the only sensible way to invest and succeed over the long term.
Carpetright might well go up for a while, or it might well go down - no one has a crystal ball so no one knows for sure - which is why I would neither invest in nor short it.
But I'm sure that eventually it's going to go bust, and since I don't know when that is I don't want to be in it at all.
If I'm wrong and it becomes the biggest and best company ever in the history of the world then I'll have missed out, but since I'll be making money elsewhere it's not a big deal. Especially since that clearly isn't going to happen.
But at least I have no risk of losing money with them.
Whatever mate you’re just a dreamer who keeps ramping without any proof. If things are so great why is the SP slipping away?? Especially in the lead up to good results the SP is supposed to climb gradually not decline. We will see next week.
haha you aint concerned,you're a shorter
Hi Shutts,
Good find this has me even more concerned now as I seemed to miss that. However they have closed 70 odd stores which should hopefully cover some of trees liabilities. Do you think this will bounce to 30s even if it’s for a brief period?
From the interims in December:
"As a consequence of the continued focus on managing the estate to reduce square footage, elimination of store catchment overlap and implementing the CVA, operating lease liabilities for land and buildings had reduced to £328.7m (H1 FY18: £517.1m; YE18: £408.0m)"
£329M liability just in leases - and that's with an average lease length of 3.5 years.
Hi Bill,
it's the leases where a big chunk of the debt is buried. They have to pay it whether the stores stay open or not - I know some people don't like to count leases as debt because it's spread over time but it's still a liability.
This lot have a huge mountain to climb and I don't think they're going to make it.
Shutts- agree but debt is far lower than that. Wish this hit 31p so I can cash out.
Is what will kill this company.
I've seen some gleefully rattling on about savings of £19 million - what use is that when the company is saddled with £600+ million of debt including leases. And a market cap of only £56M.
Flooring is a very tough market working on very poor margins - Looking at reviews Carpetright have managed to take a touch market with poor margins, mix in a big pile of debt, sell shabby products and have them fitted by poor fitters.
So operating in a very tough market with little margins they've decided to make things even tougher financially, and by pissing off their customers as well.
And now, the end is near...