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Topps Tiles

November 2015

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:
  • 145.5p
Topps Tiles’ preclose statement said that full year sales to end September will be £212m, up from £195m. Like-for-like revenues are expected to show an increase of c.5.3%.  The increase in sales has led to market share gains with Topps saying it will have 33% of the UK tile market by the end of the year. But the company is not resting on its laurels. New ranges introduced over the past 18 months now generate 25% of sales. Three new core stores and two boutiques opened in Q4 to finish the year with 348 stores, up 13 year-on-year. Nine remaining clearance stores are to be closed this year and it intends to close its Cheshire administration office (its former HQ) and centralize its support function on a single s ...

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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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