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'.

LONDON (AFX) - United Carpets Group PLC said like-for-like sales since the year end in March have held up reasonably in what is acknowledged as a particularly tough trading environment, as its full year pretax profit before exceptionals rose to 2.76 mln stg from 173,000 a year ago.

United Carpets said operating profit before goodwill rose 43 pct to 2.57 mln stg compared with 1.80 mln (before directors' compensations of 1.61 mln).

Sales for the period rose 26 pct to 15.72 mln stg from 12.44 mln a year earlier, and EPS increased to 2.4 pence from 0.1.

The company said it is in a strong financial position to achieve its objectives following its listing on AIM in February, and although the short-term outlook for the flooring market remains challenging, it firmly believes that its robust franchise model will continue to generate solid returns.

It believes it can build a significant flooring business in its chosen markets, and overall the company is in a good position to expand the United Carpets concept across northern and central England, it said.

United Carpets chief executive Paul Eyre said, 'the company now has an excellent base from which to meet its store opening target of 100 stores by March 2008. While the current retail environment is challenging, we remain wholly confident in the longevity of our franchise model which continues to attract new franchisees based on the strength of our brand in northern and central England.'



vjt/jfr



COPYRIGHT



Copyright AFX News Limited 2005. All rights reserved

From uk analyst 22/07/05

United Carpets brushed aside investors concerns announcing a cracking set of full-year numbers. The shares soared 4.75p to 17.25p as the company said that like-for-like sales since the year end in March had held up reasonably, in what is acknowledged to be a particularly tough trading environment. The statement came as United unveiled a full-year pre-tax profit of 2.76 million pounds, from 173,000 pounds a year ago. Sales for the period rose 26% to 15.72 million pounds as earnings of 2.4p per share were reported. The company said it was in a strong financial position to achieve its objectives following its listing on Aim in February, and although the short-term outlook for the flooring market remained challenging, it intimated its belief that its robust franchise model would continue to generate solid returns. At the close, shares traded on a price earnings multiple of 7.3.

still plenty of buyers today hope for some press over the weekend seems im talking to myself expect others to pile in at 25-30p when i drop out in the next few months.........

WEEKLY REVIEW FROM YAHOO

Meanwhile carpet and floor coverings retailer United Carpets (LSE: UCG.L - news) recouped much of its recent losses as it said some historic debts will not now be paid by the company.

United Carpets, which floated in February this year, announced just two months later that it had identified historic issues, relating to late payments by franchisees.

The group said that while it should have resulted in an exceptional charge of 273k, due to the historic nature of the issues CEO Paul Eyre and Commercial Director Deborah Grayson have agreed to underwrite the debts, removing the need for an exceptional charge.

another 10% today think somethink else in the air as price moved by MM with little volume ?

United Carpets continues store openings
by: Simon Keane


United Carpets Group (UCG:AIM), which operates in the Midlands
and northern England,is pushing ahead with its store
opening programme despite the difficult retail environment.
Management want to have 100 shops by March 2008.There are
currently 56 outlets and 10 further sites are under
consideration.
Last week s results were the first for the company since it
was admitted to AIM in February and revealed like-for-
like sales down 3%,although the trend has improved in the 15
weeks since the 31 March year- end.
Over the year turnover was up by 26%to 15.7 million from
12.4 million last year.Pre-tax profit was 2.6 million
compared with 150,000.Operating activities generated
1.1 million of cash although capital expenditure of almost an
equal amount meant 96,000 of cash was lost before financing
was taken into account. Shares says: The pick up
in the like-for-like figures gives hope conditions are
improving.

from allnewissues

United Carpets - Final Results
We have been a huge supporter of this stock for months now and have always promised it will come good, UCG has not failed to deliver. On the back of the final results announcement, the shares have crept ahead from an all time low of 12p to 17.5p. The price is still lower than our recommended price of 25p but it is only a matter of time before the city picks up on this story.
Britain's third largest carpet retailer announced a 26% increase in turnover bringing in 15.72 million pounds and a 43% increase in operating profits to 2.57 million pounds. The business added 12 new stores over the period and three more following the year end bringing the number of stores up to a total of 56. UCG is targeting 100 stores by March 2008. The results represent good trading performance in an increasingly difficult retail environment. Regarding the debts and historic losses identified, Paul Eyre and Deborah Grayson have agreed to underwrite the amount, therefore removing the need for exceptional items. With earnings per share at 2.4p, the stock trades on a March 2005 PE of 7.2. Take advantage of the weakness in share price to buy some more.

looks like going to have to wait for next set of results nasty old spread stopping me buying more

perhaps the rot has stopped and the tide has turned for ucg lets hope 2006 is a good year the divi is a good start

clearly on a roll now pardon the pun....
20p before too long

nasty fall today on not much volume ???

good set of results today with ongoing growth can see 15p short term
the yield at this level ie 0.75p divi/ 11p share is nearly 7% talk of taking it public at some stage take out price will be 15-20p i expect ???

something seems to be stiring have they been tipped somewhere ???

United Carpets Group plc
29 October 2007


United Carpets Group plc

('United Carpets' or 'the Group')


AGM Statement


'The following statement was made at the Annual General Meeting of United
Carpets held today at 10.00am.


We are pleased to announce that the Group is continuing to trade in line with
expectations. This reflects the strategic decision to focus on the maximisation
of revenues from existing stores and a policy of steady growth in the number of
our franchisees.


The positive steps that were taken last year to improve the existing franchisee
base are now largely complete, with only one franchisee being replaced this
financial year. Since our year end, a new franchisee store has opened in
Northenden in addition to two corporate stores in Wetherby and Ilkeston.


Currently, there are 61 stores, 13 are corporate stores managed by United
Carpets and the remaining 48 are run by franchisees. In the future, we aim to
maintain a core of at least 6 corporate stores and are actively sourcing quality
franchisees for the remainder.


Although the retail environment remains challenging in general, with consumer
confidence impacted by increases in interest rates and the recent volatility in
the financial markets, United Carpets' focus on quality, low cost items has
meant that this has not had a significant impact and the business overall is
continuing to perform well. Our core floor coverings division remains the
primary driver of the Group's improved performance supported by our beds
division, which we continue to develop through both expansion in range of
products available and a more cost efficient delivery service from a central
depot.


From the beginning of September, the Group introduced an in-house cutting and
distribution service which is already beginning to benefit our product offering
and competitiveness whilst also providing opportunities to enhance margin.

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.