Wednesday, February 2, 2011

Carpetright shares still spell more house price woe

Carpetright shares still spell more house price woe

Lead economic indicators: UK house prices. Carpetright is Europe's leading specialist floor covering retailer, and also sells beds. So the firm's stock price is a good guide to UK housing market activity. It's also a handy predictor of future house price changes.

Posted by damien @ 10:26 AM (1475 views)
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14 thoughts on “Carpetright shares still spell more house price woe

  • mark wadsworth says:

    Bless those people at MoneyWeek, they certainly know how to grind out a chart.

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  • sibley's b'stard child says:

    Joking aside, this is still significant. I vaguely recall this being trotted-out during the psudo-crash of 2008; in fact, didn’t a number of furniture retailers go bust in 2008/9?

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  • sibley's b'stard child says:

    Pseudo, even.

    No-one corrects the grammar Nazi.

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  • Yeah MFI went bust.

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  • Another that slipped very quietly under the radar in the last few days is BSM (British School of Motoring) going into administration – a deal was very quickly done with AA and the whole affair seems to have been rather hush hush.

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  • sibley's b'stard child says:

    Ah, that’s the one NaC; didn’t DFS go into administration as well (or someother lesser known derivative)?

    Cheers for that Jack; possibly naive but a motoring school doesn’t strike me as a business model that exactly haemorrhages money?

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  • I think DFS are still going as I still get there annoying adverts on the radio! Although I think SCS went under but seem to have re-emerged.

    http://www.independent.co.uk/news/business/news/struggling-scs-bought-out-by-sun-capital-partners-860058.html

    Summary jobs and stores were saved but shareholders lost everything… perhaps they could’ve done that with the banks??

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  • Sib’s (Wednesday, February 2, 2011 11:22AM) – maybe not a big story in isolation but I’m using this and other business failures as a barometer on the R word reappearing and the likely impact on residential house prices – attached article is genuinely (IMO) worth a read.

    http://www.dailymail.co.uk/news/article-1352260/AA-buys-UKs-biggest-driving-school-BSM–just-1.html

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  • Wot, no graphs showing carpetright share movements priced in gold?

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  • sibley's b'stard child says:

    @ Icarus

    No, but here’s one that’s far more portentious than any gold graph:

    Image and video hosting by TinyPic

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  • Please don’t talk about DFS… I’m not sure what winds me up more, the fact that they are allowed to get away with always have a sale on, or the fact that the people in this country are so stupid that they actually believe they are getting a bargain. And their adverts are painful…
    “D” is for: Do you remember us EVER not having a
    “F” is for: F***ing
    “S” is for: Sale on

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  • Sibs

    Where on earh did you find that chart.
    Have you got one showing pirate volumes against No. of safes in operation.

    Did the Pirate die out because they locked up all the Gold and didn’t have it floating around the oceans ?

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  • sibley's b'stard child says:

    Admittedly STR, my history is rather rusty although I think that global warming sent livestock prices rocketing. Out of desperation and starvation, the pirates turned to their vast treasure chests. Turns out you can’t eat gold.

    As an aside, best of luck with the landlord drama…

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