CPR.L - Carpetright plc

LSE - LSE Delayed price. Currency in GBp
4.9550
0.0000 (0.00%)
At close: 4:26PM GMT
Stock chart is not supported by your current browser
Previous close4.9150
Open4.8260
Bid0.0000 x 0
Ask0.0000 x 0
Day's range4.8260 - 5.0600
52-week range4.0000 - 36.0000
Volume86,132
Avg. volume498,804
Market cap15.053M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings date25 Jun 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est59.18
  • Stand back! Here are the WORST performing UK stocks over the last decade
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    Stand back! Here are the WORST performing UK stocks over the last decade

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  • Carpetright agrees £15m sale to main investor Meditor
    The Guardian

    Carpetright agrees £15m sale to main investor Meditor

    Carpetright agrees £15m sale to main investor MeditorHedge fund, which owns 30% of shares and £40m debt, to take full control of stricken retailerCarpetright admitted its options were limited as much of its debt to Meditor was due to be repaid next month. Photograph: Newscast/Alamy

  • What to Watch: Carpetright takeover, TalkTalk results overshadowed, and Fuller profit warning
    Yahoo Finance UK

    What to Watch: Carpetright takeover, TalkTalk results overshadowed, and Fuller profit warning

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  • Reuters - UK Focus

    UPDATE 2-Carpetright's top shareholder to take firm private in rescue bid

    Carpetright said it has agreed to be taken private by its largest shareholder, Meditor, in a deal to rescue Britain's biggest floor coverings retailer and pay down debt. The deal values Carpetright at 15.2 million pounds ($19.45 million) or 5 pence a share, it said on Friday, and comes a year after the retailer fought off a collapse and went for a Company Voluntary Arrangement (CVA) restructuring that shut shops and cut rents. The offer was a premium of 18% to Carpetright's closing price of 4.245 pence on Thursday, but a discount of 44% to the closing price the day before Meditor made the same offer on Oct. 31.

  • Carpetright's top shareholder to take firm private in rescue bid
    Reuters

    Carpetright's top shareholder to take firm private in rescue bid

    The deal values Carpetright at 15.2 million pounds or 5 pence a share, it said on Friday, and comes a year after the retailer fought off a collapse and went for a Company Voluntary Arrangement (CVA) restructuring that shut shops and cut rents. The offer was a premium of 18% to Carpetright's closing price of 4.245 pence on Thursday, but a discount of 44% to the closing price the day before Meditor made the same offer on Oct. 31. "The board believes that the offer (from Meditor) is the only viable route to deliver its requirements for a deliverable, controllable solution to the long-term funding required to make Carpetright a sustainable business," the company said.

  • What Did Carpetright plc's (LON:CPR) CEO Take Home Last Year?
    Simply Wall St.

    What Did Carpetright plc's (LON:CPR) CEO Take Home Last Year?

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  • PR Newswire

    Aberforth Partners LLP - Form 8 (OPD) - Carpetright plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • PR Newswire

    Meditor Capital Management Ltd - Form 8 (OPD) - Carpetright plc

    FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the “Code”) 1.         KEY INFORMATION (a) Full name of discloser: Meditor Capital Management ...

  • Carpetright looks to biggest shareholder for £80m sale to stay afloat
    The Guardian

    Carpetright looks to biggest shareholder for £80m sale to stay afloat

    Carpetright says it is performing well despite ‘challenging’ economic backdrop. Photograph: Bloomberg/Bloomberg via Getty ImagesCarpetright is in talks about a cut-price £15m sale to its biggest shareholder as the specialist retailer said it needed to raise £80m to stay afloat.Meditor, a British hedge fund headed by former Old Mutual banker and poker player Talal Shakerchi, already owns 30% of Carpetright’s shares and bought up more than £40m of its debts in August.The firm is offering investors just 5p a share, a big discount to the 9p that Carpetright’s shares were trading at on Wednesday, before the Meditor offer was announced.Carpetright has endured a torrid few years during which it has closed more than 90 stores as part of a rescue restructure. The company has faced heavy competition from rival Tapi, established by the Harris family which founded Carpetright, amid a general slowdown in sales of home furnishings caused by consumer uncertainty and a lacklustre housing market.Carpetright said it was “performing well despite the challenging economic backdrop and intense sector competition”. It said profits were improving as it reduced costs and increased efficiency.The floor coverings specialist said it was considering the offer as it needed new funds to repay debts and fund a turnaround.Carpetright has £56m of debts including a credit facility owned by Meditor and an overdraft facility, which are both due to expire on 31 December, as well as a £26m loan provided by Meditor due for repayment next July. The company said its debt levels would rise over the next few months.Bob Ivell, chair of Carpetright, said: “Shareholders will be aware that we have been engaged in comprehensive refinancing discussions to replace existing facilities which expire at the end of this calendar year. The possible offer being announced today would put in place a new financing structure for Carpetright which would enable us to continue our recovery and make necessary investments in improving our business.”The company said it was discussing the deal with Meditor after “actively exploring various long-term financing solutions” including refinancing, asset-backed lending, strategic asset sales and equity financing.Meditor’s takeover plan would lead to the investment firm converting the majority of Carpetright’s outstanding debt into equity and providing additional capital to help the company expand.Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDeskOne major shareholder – Aberforth Partners which owns 12.6% of Carpetright’s shares – has agreed to accept the offer. Other investors representing 11.4% of the group’s stock, including George Soros’s Soros Fund Management, have said they intend to back it.Greg Lawless, a retail analyst at Shore Capital said shareholders should accept the possible offer. “Given that the largest institutional shareholders look to have already bought in to the proposed deal it may represent a bird in the hand for other shareholders and will bring to an end a troubled period for the company,” he said.However, Carpetright said there could be no certainty that Meditor would make an offer or on the terms of the offer at this stage. Meditor has until 28 November to decide whether to make a firm offer or walk away.

  • What to Watch: Shell profit dives, Carpetright takeover, and Lloyds management reshuffle
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  • Shares in UK's Carpetright slump on biggest investor's rescue bid
    Reuters

    Shares in UK's Carpetright slump on biggest investor's rescue bid

    Britain's Carpetright is in talks with its largest shareholder Meditor over a possible takeover at a huge discount to its closing value on Wednesday, prompting a 50% crash in its shareprice. The floor coverings retailer, which trades from about 330 stores, has been struggling for years and fought off collapse last year by entering a Company Voluntary Arrangement (CVA) restructuring that closed shops and reduced rents. The retailer said on Thursday that Meditor, an investment management company which holds just under 30% of its equity, has indicated an offer price of 5 pence per share in cash.

  • Reuters - UK Focus

    UPDATE 1-Shares in UK's Carpetright slump on biggest investor's rescue bid

    Britain's Carpetright is in talks with its largest shareholder Meditor over a possible takeover at a huge discount to its closing value on Wednesday, prompting a 50% crash in its shareprice. The floor coverings retailer, which trades from about 330 stores, has been struggling for years and fought off collapse last year by entering a Company Voluntary Arrangement (CVA) restructuring that closed shops and reduced rents. The retailer said on Thursday that Meditor, an investment management company which holds just under 30% of its equity, has indicated an offer price of 5 pence per share in cash.

  • Reuters - UK Focus

    UK's Carpetright in takeover talks with biggest investor Meditor

    Struggling British floor coverings retailer Carpetright is in talks with Meditor, its largest shareholder, regarding a possible takeover offer at a price below its current market value. Carpetright said on Thursday that Meditor, which holds just under 30% of its equity, has indicated an offer price of 5 pence per share in cash. Shares in Carpetright closed Wednesday at 9.12 pence, valuing the business at 27.6 million pounds ($35.7 million).

  • Reuters

    Carpetright's top investor to take on retailer's debt

    Meditor owns just under 30% of Carpetright, a threshold at which it would be required to make a formal takeover offer. "Meditor has confirmed it now intends to engage with the Company with a view to providing a more stable and longer-term funding platform," the floor covering retailer said. Last year, Carpetright's shareholders backed a restructuring plan to keep the company alive.

  • Reuters - UK Focus

    CORRECTED-UPDATE 2-FTSE 100 edged up as gains in miners, oil offset global angst

    London's FTSE 100 eked out modest gains on the back of strength in mining companies and oil stocks on Tuesday, alleviating some anxiety after the United States imposed more sanctions on Tehran and before Sino-U.S. trade talks this week. The FTSE 100 erased earlier losses to edge 0.1% higher, while the mid-cap FTSE 250 lost 0.1%. Shares of heavyweight miners rose after a strike at a major mine in top copper producer Chile highlighted supply constraints, while oil firms advanced in anticipation of a bullish reading of U.S. crude stock data.

  • Reuters - UK Focus

    UPDATE 1-UK's Carpetright returns to underlying sales growth

    Britain's biggest floor coverings retailer Carpetright said its turnaround was on track as it returned to underlying sales growth in its new financial year and reported a narrower loss for 2018-19. Last year Carpetright's shareholders backed a Company Voluntary Arrangement (CVA) restructuring plan to keep the company alive. The group said on Tuesday it made a statutory pretax loss of 24.8 million pounds ($31.6 million) in the year to April 27, versus a loss of 69.8 million pounds in 2017-18.

  • Carpetright returns to underlying sales growth
    Reuters

    Carpetright returns to underlying sales growth

    Britain's biggest floor coverings retailer Carpetright said its turnaround was on track as it returned to underlying sales growth in its new financial year and reported a narrower loss for 2018-19. Last year Carpetright's shareholders backed a Company Voluntary Arrangement (CVA) restructuring plan to keep the company alive. The group said on Tuesday it made a statutory pretax loss of 24.8 million pounds in the year to April 27, versus a loss of 69.8 million pounds in 2017-18.

  • Reuters - UK Focus

    UK's Carpetright narrows loss, says turnaround on track

    British floor coverings chain Carpetright said its turnaround was on track as it reported a narrowing of 2018-19 losses and returned to underlying sales growth in its new financial year. Last year Carpetright's shareholders backed a Company Voluntary Arrangement (CVA) restructuring scheme to keep the company alive.

  • Laura Ashley shares plunge on fresh profit warning
    Sky News

    Laura Ashley shares plunge on fresh profit warning

    The company, which has 156 stores, has not been immune from the wider pressures on the high street that has seen scores of chains struggle in a toxic climate of weak consumer confidence and higher costs from things like rents, wages and business rates. Debenhams, one of its competitors, fell into the hands of its banks earlier this month. Like Debenhams, Laura Ashley was slow to invest in its online offering where it is currently flogging products in a sale with markdowns of up to 60%.

  • Reuters

    Carpetright sees sales improvement despite British retail gloom

    A series of British retailers have either gone out of business or announced plans to close shops, as they struggle against subdued consumer spending, rising labour costs, higher taxes and growing online competition. Carpetright raised 65 million pounds through an equity issue last June after creditors and shareholders in April backed a Company Voluntary Arrangement (CVA) restructuring to close stores and cut jobs. Carpetright, which opened its first store in 1988, said UK like-for-like sales trend improved significantly in the fourth quarter, compared to the year to date, as customer confidence in the business started to return following its restructuring.

  • Reuters

    Flooring retailer Carpetright CFO to step down amid restructuring

    The company, which is implementing a survival plan after negotiations with creditors in the past year, said Jeremy Simpson would replace Page on Feb.25. Simpson is joining Carpetright from asset and energy support services group Sureserve Group (SURS.L), formerly called Lakehouse Plc, where he was the finance chief. Carpetright had raised 65 million pounds ($82.7 million) through a share issue in June last year after creditors and shareholders backed a restructuring plan to close stores and cut jobs.

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