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It has no online capability....its literally under water ,,,,closing its key channels to market is suicide (even if they are the most loss making)...i still think they'll be no takeover...
lol what a reversal so soon euphoria didn't last long and now we head lower by the look of things as cpr gives up the morning rise......
Look at the SP zoooom!!
death spiral has been mentioned here for many shares before . but this seems to be turning out like on . borrow money from on of your existing creditors � 12 mil . okay 3% charge but by the way arrangement fee � 1.875 mil part of which is 3.396.200 shares
looking strong today well done urgent CPR was needed
The last person to leave please switch off the lights.
I used to short this a few years ago at the �6 mark.....cant believe the price now....its looking very dicey and who on earth would be interested in a business with few prospects....I think this will join the ranks of insolvents very soon.
and BBC article yesterday made very poor reading on this stock. Shame to see it in such problems but now it is being publicised, I cannot see it even sticking at these low levels much longer - this stock is unfortunately now heading sub 30p and then into the teens. Come back Lord Harris, all is forgiven.
Lord Harris knows that CR is dying, no point in resuscitation this time, his new baby led by Martin is the final nail in CRs coffin. It’s dinosaur with huge stock holdings, disasterous audits waiting to be exposed and all the while WW draws his £800k, This is one Bet he won’t win.
Even cpr wont save cpr now !!! On a serious note , i find very interesting though, that Phil Harris who started , developed and made Cpr a marker leader, is nowhere to be seen , no comments whatsoever. And of course he sold out when the price was much higher. Or will he show up at the very last minute and try ( as he did in the past a few times )and save the company. At the meantime he is enjoying his lordship with his fellow tory donors while enjoying his many horses compete around the world. Well done MY LORD !
It is becoming more and more apparent that since the financial crash there has been a stocks and shares illusion for high street retailers in particular. The values of so many retail companies have fallen so sharply so quickly that it is not feasible that these very same companies were doing as well as elevated share prices suggested. On Carpetright however, I think it is a poor company in that it looks drab, only offers what it offers which is not good enough or competitive enough and it simply cannot stop the rot. From the remnants however of this high street retail blitz will come some serious winners.
its carpets......
If a CVA is being seriously contemplated, then it is akin to administration. I'm surprised the reaction so far is so mild. This going the same way as Mothercare - it will also soon be a penny share, if still trading as a PLC. Why on earth don't these companies improve their customer call centres? They must know they are all dreadful and are leading to loads of problems??? Seems to be a disconnected management at half the high street currently.
I seen cpr from the inside and there are no good bits. Steady SP drops until they go bust imo
If any customers have paid for carpets in full. Go and collect them
The sooner they go the better fantastic experienced staff who knew there jobs inside out forced out by bully regionals and divisonals who felt threatened because they didn’t have a clue themselves what carpets are and it’s a product you need to know about replaced by key timers and anybody who needed a job carpetright have done this to themselves.
I've always used carpetright,and always had great customer service and quality carpets and fitting,some on here have obviously got an axe to grind,i hope they flourish
Struggling flooring specialist Carpetright is being advised by Deloitte about possible restructuring options including a company voluntary arrangement (CVA), Retail Week understands.
carpet right crap I worked in carpet right for 20 years the business is on its knees ( pardon the pun ) but sales have fallen through the floor nothing to do with business TO DEAR /BAD CUSTOMER SERVICE / SCREW CUSTOMERS AT ALL COST / THERE BUISNESS PLAN IS COMPLETLEY FLAWLED 20 TO 30 % OF THERE SHOPS WONT SEE THE SUMMER WATCH THIS SPACE DONT SAY I TOLD YOU SO
Seems like the source was removed :-)
Any source for that?
The fact was that carpetright under Wilf Walsh were recovering quite well until the Brexit vote came. The company was investing in its IT systems and customer service and driving sales and profits; it continues to do so in very testing times for all retailers. Brexit introduced massive consumer uncertainty and a weak pound, squeezing cpr�s margins as it sources its materials in Euros - these are the main causes of the likely loss this full year, but they are cyclical issues that should ease once the PM sorts out the Brexit confusion. Then the margins will expand and profits should recover to pre-Brexit levels and beyond. The idea that Carpetright has no idea about customer service is simply not true, it is one of the foundations the pre-Brexit recover based. If cpr are no cheaper than competitors its because they are trying to avoid selling their products at a loss, but they are cost competitive and have a countrywide coverage that makes them the leader in their field. Speaking of anecdotes, which are of limited value to the analytical investor, I have had good experiences at Carpetright. They�ve taken care of the entire carpet-fitting process and I�ve been happy to pay a little extra for the service. Times are tough, but cpr seem the strongest in the field. Its competitors are more likely to fold before it does and it potentially stands to gain even more market share.
The company�s looking to have a shocking full year, but find it hard to understand the excessive doom-mongering. Its clear that Brexit and consumer sentiment will ravage Carpetright�s full-year results, but its something being felt across the entire retail sector, not just cpr. Crucially, cpr�s debt is under control, they�ve been downsizing their estate for some time and have re-vamped a large portion of the remaining estate in view of fresh competition (which will also be suffering from the same headwinds), and so they�re well-placed to weather the storm unlike Toys, Maplin etc etc. Much negative talk about Carpetright�s customer service, but the evidence (online verified reviews, investment in staff training etc) suggests that the company has drastically improved on that front in recent years in the face of increasing customer expectations and price consciousness. Once the pound recovers agains the euro and people start buying carpets and beds again, the cpr share price should be back around 250p, a much more sensible valuation.
Cannot understand why so much rubbish is written about retail stores.The main problem facing stores is not just the internet but the prices being charged.We have all got used to very cheap prices for merchandise while the costs to firms have been rising steadily over the years.It has nothing to do with market conditions.Just look at what it costs to call anyone out to do anything compared to the cost of products in stores.A good example is shirtsI am now paying on Average what I paid 25 years ago and am not wearing more.
worked for carpet right for twenty years . only left them in the last 5 weeks . have been a carpet fitter for them but have seen the decline speed up in the last 6 months . but the major problem is customer service . they do not give a monkeys about any body staff customers anyone . they have that many additional charges on a sale of carpet it is unbelievable �29 delivery �4 fitting service while the carpet fitter gets �2.8 .carpet fitters are made to return felt and ancillaries bought by customers to the stores so that they can be resold again . they rip the unsuspecting customer of at every chance there is no wonder in my eyes that it is going to collapse . I run a couple of other business and if I treated people the way they do I would be heading for bankruptcy t as well