Updates

Topps Tiles - Shares briefly hit Â£1 in June

June 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.

Topps Tiles' share price is a really good indicator of fear and greed and now greed is back in the market the shares are doing well. This is best demonstrated by the reaction to the interim results for the 26 weeks to 28 March which, despite Topps saying it was passing its dividend to focus on reducing its net debt, saw the shares hit a string of new highs. Overall sales were down 13% to Â£92.1m or down 18.5% excluding the impact of stores opened during the period. Adjusted pretax profit before exceptionals was down 57% at Â£7.5m for adjusted earnings of 3p. The results were before an exceptional charge of Â£6.9m relating to losses on interest rate hedges. The weakness of sterling also impacted on the UK gross margin, which ...

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Prezzo - Value for money consumer proposition

Innovation

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Topps Tiles - Another opportunity to buy (May 2010)

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Topps Tiles - Like-for-like sales go positive (December 2009)

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Topps Tiles - Gain since recommendation: 94% (April 2009)

Topps Tiles - Further buying by directors (February 2009)

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Topps Tiles - Low fixed cost base (February 2008)

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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