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The best stocks to buy since 1993

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Topps Tiles - Gain since recommendation: 94%

April 2009

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:
  • TPT
  • Price:
  • 35p
Shares in Topps Tiles have risen from 18p since our February buy recommendation as rumours of a bid approach from Carpetright resurface. During the month, the company reported that like-for-like sales in H1 were down 18%, in line with the Q1 performance. Of course, this is distorted by the snow so the underlying performance should be better. Overall sales in H1 will be down from £106m to £92m. Broker KBC has left its forecast of £10.1m pretax for the full year to end September unchanged, for eps of 4p. The shares have been rising on good volume. Keep on buy list, albeit speculative. ...

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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.

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