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There's a battle on to see who can sell it the cheapest so make hay while the sun shines but don't put your eggs in one basket and make sure you put your spo in weekly
busy fools buying business and not making any profit
This company is far from dead , I'm a fitter for Carpetright up north & I'm the busiest at the moment I've been for around three years.
Positive trend .
Very positive this current MCAP undervalues Carpetright .
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30p next? Will have some positive yr on yr metrics given the issues last year.
I also like the european business which seems fairly steady
Anyone else positive or is it a lost cause?
Upswing of sorts resumes.
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customer obviously not tempted by 90% discount and free fitting.lol
They must have had a customer.lol wonder which store it was.
Seem to be quite evident .
One supposes only a rise above 21p will bring them aboard .
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18.25 finish. Perhaps
The trend up continuum.
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Just very slowly.
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what time is the plummet coming ?
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Seen overhead.
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This will plummet today. Every stock is teetering at present and soon we will be left with independent companies who don't overstretch themselves and are well run or big companies with manageable debt levels. I think that will be the case cross-industry such has been the turnaround in a very short time.
Not long before the next update, I suppose December is the ideal time for telling fairy stories and trying to make people believe in something that doesn't exist. Abandon hope all ye that hold these shares.
It is not the landlords that will be the cause of the demise here, they have addressed that with the CVA. It will be down to the incompetent senior management and the appalling customer service linked with the draconian terms and conditions which belong in the last century. The CVA will only keep the patient on life support for so long, do not see them opening any Easter Eggs next year.
This, to me, is the reality for the British High Street/retail trade. I'm looking at Debenhams too and reading their report makes it clear that they are being strangled by rents. It is the same across the board. Rental contracts mean nothing if every tenant company goes under, and there will either be a reckoning with landlords or everyone, landlord and retailer, will lose out long term, big style (or 'bigly' as one might say for effect).
As a whole we have about 60% of our national wealth, £6 trillion or so, tied up in land and real property. We fetishise land as a country, historically (as in many other places of sufficient heritage) land ownership determined how important you were. People who wouldn't dream of dipping their toes into the market with us coo and speculate over their house going up by X% a year. Buy to let was free money for a long time. Partly this is harking back to our feudal past, partly it is that we have had 1,000 years of stability (so people see it as worthwhile to buy houses), partly it is Thatcher's fault/doing, partly it is because we are densely populated and very concentrated in certain areas.
Anyway, the net result is to secure the future of them both landlords and tenants have to negotiate. Ultimately it's not as though ten new retailers are lining up to fill the 113 empty Carpetright stores we'll have if they go into liquidation, is it? No. If Carpetright is not allowed to make any money ever again, any profit, that is what will happen eventually and landlords must, on some level, know it.
This could well be the next big high street name to go. Even the short traders have jumped ship!
From October to end of December has always been the busiest time in the carpet trade ,
I dont hold this stock but i am interested to see what happens. Sounds like a few people in the trade. Out of interest when are the key trading periods???? When people decide to re carpet?? Do the do trade installs??
You can fool some of the people all the time,and all of the people sometime,but you can not fool allof the people all of the time.
Worked for them once too.
Current ads about realigning brand as family favourite retailer. But also offering free fitting, underlay etc. Margin must be taking a hit, think it is all about trying to get some sales growth for next update or they will be in danger of being flushed away in a torrent of no confidence.
From profits to £70m loss, same CEO, CFO and Sales Director that took them to the brink still in place - how is it going to change?
Allied Carpets restructured and where are they now
as for more advertising I have worked for them and they only spend money when they are quiet
How will they be gone? They have just restructured completely and now I’m hearing more ads on the radio. Reckon this is in the chance for a recovery now