CARPETRIGHT PLC (CPR)

CARPETRIGHT PLC (CPR)

Blog posts

The Vultures are Circling – Woodford, Carpetright et al

With the demise of the Neil Woodford’s empire and the winding up of the Woodford Equity Income Fund, investors are looking for whom to blame – other than themselves...

It’s a Bleak Mid-Winter

It’s a bleak mid-winter, everybody is hunkering down against the icy winds, Royal Mail have given up delivering post even in the London suburbs, and retailers are suffering. Well no, actually it’s the second day of Spring but the first was the coldest one on record. But the stock market is drifting down and the news from many companies is dire. Let’s review some of those to start with. Note: I hold or have held some of the companies mentioned. Safestyle (SFE) sell ...

Carpetright – Lord Harris finally bows out.

Last week (on 21/5/2014), Lord Harris announced that he was leaving the board of Carpetright where he has been Executive Chairman since last October when his succession planning went...

Robert Peston goes shopping and Carpetright

Last night a new series of TV programmes called “Robert Peston Goes Shopping” was launched on the BBC. It told the story of how a few individuals changed the nature of retailing in the UK in the 1950s and 60s. People such as Stanley Kalms of Dixons who was interviewed, Marcus Sieff of Marks and Spencer, Jack Cohen of Tesco and the Sainsburys. Typically these were dominant and self-driven personalities who adopted new methods to attract retail customers from their competitors. ...

AGM Reports

Carpetright (CPR) AGM Report 2013

Today (5/0/2013) I attended the Annual General Meeting of Carpetright PLC at their offices in Purfleet, Essex. Carpetright’s results were nothing to write home about, with a 3% fall in revenue and pre tax loss of £5.1 million although underlying profits were up to £9.7 million; but still no dividend. This will be a brief AGM report because the AGM was brief – we finished in 12 minutes, which after reviewing last year’s AGM report is a new record (last years was ...

Carpetright (CPR) AGM Report 2012 – Time to let go?

Today I attended the Annual General Meeting of Carpetright, the leading carpet retailer in UK, and possibly Europe (about 25% market share in the UK). It will be a brief report because the AGM was brief – about 15 minutes in duration. The meeting took place at their offices in Purfleet, Essex and there were less than a dozen people in attendance (although I was told there were only three last year). It included a couple of people who I worked with ...
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