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Topp Tiles - Q3 update shows improving trend

August 2010

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:
  • 60.5p
Topps has issued an update that said like-for-like sales in Q3 were down 1.2% and that it had seen an improvement in sales during the end of the period. Overall sales were down 2.5%. The trends underpin Numis' forecast for eps of 6p this year. We said buy last month at 47.5p; still our view. ...

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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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