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Carpetright Profit Warning


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Just from journalism viewpoint Carpetright have issued a profit warning again. Profits for year look to be in range around 2009 levels now so quite a drop on 2010. Well dont all pile in! Seriously though low transactions are a problem. Not sure if there are margin problems too without reading the full update.

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let me know when the share price hits the floor

i hope someone with a deep plie of cash can bail them out

i hope the bank doesnt pull the rug from under their feet

are they going to laminate a recovery

woohoo i managed ot get some puns in before anyone else

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let me know when the share price hits the floor

i hope someone with a deep plie of cash can bail them out

i hope the bank doesnt pull the rug from under their feet

are they going to laminate a recovery

woohoo i managed ot get some puns in before anyone else

you did indeed before the rug is pulled from under you

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Just from journalism viewpoint Carpetright have issued a profit warning again. Profits for year look to be in range around 2009 levels now so quite a drop on 2010. Well dont all pile in! Seriously though low transactions are a problem. Not sure if there are margin problems too without reading the full update.

Is this the same Carpetright that extended into the premises of the defunct MFI down my way? :blink:

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Is this the same Carpetright that extended into the premises of the defunct MFI down my way? :blink:

And Woolies.

IIRC someone on here said that their profits don't come from carpets, but from the huge property portfolio of their premises.

Can't see any problem there...

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This must be unexpected as remuneration seemed to be booming:

Carpetright 2009 to 2010

Lord Harris £532,000 to £737,000 +38%

Martin Harris £285,000 to £389,000 +36%

Neil Page £231,000 to £436,000 +88%

Christian Sollesse £315,000 to £428,000 +35%

http://www.carpetright.plc.uk/sites/default/files/2010-06-28_Carpetright%20Annual%20Report%20&%20Accounts%202009-10.pdf

Has someone told the shareholders about the profit warning? Or are they sipping champagne in down in the Titanic ballroom while the Captain and his staff are up on deck loading all their belongings into the lifeboats?

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This must be unexpected as remuneration seemed to be booming:

Carpetright 2009 to 2010

Lord Harris £532,000 to £737,000 +38%

Martin Harris £285,000 to £389,000 +36%

Neil Page £231,000 to £436,000 +88%

Christian Sollesse £315,000 to £428,000 +35%

http://www.carpetright.plc.uk/sites/default/files/2010-06-28_Carpetright%20Annual%20Report%20&%20Accounts%202009-10.pdf

Has someone told the shareholders about the profit warning? Or are they sipping champagne in down in the Titanic ballroom while the Captain and his staff are up on deck loading all their belongings into the lifeboats?

Always steer clear of boards with politicians present, even if they were not politicians when they joined the board. Disaster in the making.

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Think how many other firms will be breaking out the bubbly in the boardroom today.

If they had carpetright in their share comparison group for bonuses etc.

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Next have a few with profit warnings in their comaprison group

The comparator group of companies for the three year performance period to January 2010 was as follows:

Alliance Boots

Findel

Kesa

N Brown

Burberry

French Connection

Kingfisher

Signet

Carpetright

Home Retail Group

Marks & Spencer

Tesco

Carphone Warehouse

JJB Sports

Morrisons

W H Smith

Debenhams

J Sainsbury

Mothercare

Woolworths

DSG

It must have been annoying to have to take Woolworths out but every cloud has a silver lining HMV and Halfords!!

For periods ending January 2011 onwards Alliance Boots has been removed from the comparator group. For periods ending

January 2012 onwards ASOS, <b>HMV and Halfords </b>have been added to the comparator group and Woolworths has been removed.

http://www.nextplc.co.uk/nextplc/financialinfo/reportsresults/2009/jan10/jan10-c.pdf

Edited by Redhat Sly
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