Good morning!
Apologies for the break in service over the past couple of days.
Best,
Graham
(Please note that I hold shares in UCG)
United Carpets (LON:UCG)
Share price: 8.6p (unch.)No.of shares: 81.4 millionMarket cap: £7 millionHalf-year Report
I thought I might briefly mention this chain of carpet stores as it’s something I’ve held a position in for a while, and it might be relevant to those of you interested in Carpetright (LON:CPR), SCS (LON:SCS) and others in this sector.
The market cap is very small here, only £7 million, and it’s a tiny company, so I’m certainly not suggesting that anybody else should buy shares in it.
Fortunately, the like-for-like revenue performance remained stubbornly resilient, up 2.9%. This is despite overall revenues falling, as the mix of stores became a little bit more heavily weighted towards franchisees rather than corporate-owned stores, compared to a year ago.
It earns a higher return on franchise stores, so that doesn’t bother me at all.
To support its growing online activities and the Beds operations, there was a slight increase in…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
