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Topps Tiles - Takeoff after Goldman sets 115p price target

August 2013

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:
  • 87p
Topps’ Q3 update said trading in the last few weeks has been more encouraging, with like-for-like sales during June returning to year on year growth. Goldman Sachs certainly thinks better times are ahead and has set a 115p target making them a conviction buy. The shares were added to the Growth Portfolio close to their nadir at 26p. Gain 235%. Keep holding as they head to £1. ...

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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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