bought more of these today glad the a/cs hole now patched up
onwards and upwards as they say..............25p not very far away
ie the original float price

UK smallcap opening - United Carpets up after in-line FY results
AFX


LONDON (AFX) - In-line full-year results and a Seymour Pierce upgrade lifted United Carpets - the UK's third-largest carpet retail chain - 3.50 pence to 16.00.

Following the numbers, Seymour Pierce's Richard Ratner edged his year to March 2006 pretax forecast down to 2.4 mln stg from 2.55 mln, in view of the slightly shaky consumer outlook. The analyst believes, however, that current trading is being more adversely affected by the hot weather than the consumer downturn.

Ratner sets an initial price target of eight times earnings, ie, 16 pence, but thinks as credibility builds up, a rating of 10 times-plus would not be unrealistic. He has, therefore, shifted his stance on the stock to 'outperform' from 'hold'.

Bringing this one back to life as a lot has changed since gordon geko last posted:
The number of outlets has increased from 61 to 83 with extensive tv advertising now in place. The last half yearly report below:

UNITED CARPETS GROUP plc



Interim results for the 6 month period ended 30 September 2014





United Carpets Group plc ("the Group" or "the Company" or "United Carpets"), the second largest chain of specialist retail carpet and floor covering stores in the UK, today announces its interim results for the 6 month period ended 30 September 2014.



Key points



· Network sales* were £25.6m (2013: £28.0m)

· Revenue was £9.1m (2013: £10.3m)



· Like for like sales* increased by 0.3%



· Operating profit increased 17.5% to £531,000 (2013: £452,000)



· Profit before tax increased 18.1% to £534,000 (2013: £452,000)



· Earnings per share increased 10.5% to 0.42p (2013: 0.38p)



· Cash and cash equivalents increased to £1.8m (2013: £1.4m)



· Like for like sales* since the period end improving further



* Network sales and like for like sales are defined under Financial review



Paul Eyre, Chief Executive, said:



"I am pleased to be able to report a good performance by the Group. We have been helped, to some extent, by an improving housing market with slightly higher average transaction values which we believe reflects an improvement in consumer confidence. More recent like for like sales figures have been more positive and I believe we are well placed to deliver a good result for the year.



We continue to benefit from our restructuring programme as we operate from a lower cost base giving the opportunity to invest in developing the business and providing the basis for the Board's confidence in the future."

Plus for first time a special Div issued at1p on 4th June.


UNITED CARPETS GROUP plc



Declaration of Special Dividend





United Carpets Group plc ("the Group" or "the Company" or "United Carpets"), the second largest chain of specialist retail carpet and floor covering stores in the UK, announces that the Board, in recognition of the support shown by shareholders and the improved financial position of the Company, is pleased to be able to declare a special dividend of 1.0 pence per share. This dividend will be paid on 19 June 2015 to all shareholders on the register at the close of business on 5 June 2015. The ex-dividend date will be on 4 June 2015



In order for the Company to be in a position to pay the special dividend, it must have distributable reserves. Therefore, in order to satisfy this requirement, the Company has delivered to Companies House its Company unaudited interim results for the six month period ended 30 September 2014 which formed part of the consolidated Group interim results for the six month period ended 30 September 2014 which were previously announced on 19 December 2014.









Paul Eyre, Chief Executive, said:



"We are delighted to be able to declare a special dividend today, reflecting the improvements we have made in the business over the last few years which have enabled us to now reward our shareholders for their continued support and loyalty."

So took a small punt today, ok spread is 6% but growth seems to be heading in right direction.