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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Carpetright

December 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CPR
Carpetright is the UK’s largest specialist supplier of  carpetsand floor coverings.  The group  was founded 14 years ago bychief  executive, Lord Harris, and has since built its marketshare up to 22%, leaving its rivals trailing behind. The reward to thecritical mass has been a surge in pretax profit and earnings whichbetween 1999 and 2002 have risen 123% to £52.5m and 106% to 47.1p,respectively.  With  the backdrop of low interest rates and abuoyant housing market making for the most benign trading environmentin years, investors have chased up  Carpetright’s shares close totheir all-time high. This performance is powerfully supported by brokerforecasts, which suggest that earnings will grow 43% ov ...

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Related Articles

Carpetright - Time to sell (June 2003)
Carpetright - Gross margin up 0.9% (February 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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