Updates

Topps Tiles

September 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 has issued a Q3 update showing a material improvement in the like-for-like run rate to a 10.9% decline in Q3 versus the 18.5% decline reported in H1. Overall including new stores, sales are down 9.9%. According to broker KBC Peel Hunt, Q3 was a volatile period with June being impacted by the warm weather and July was much stronger, in part because sales are correlated to transactions in the housing market and news has been positive in that respect. At the end of Q3, Topps operated from 312 stores in the UK, having opened five and closed/relocated 13 units. In line with the H1 statement, it has now closed nine stores in Holland leaving 13 units.KBC forecasts a pretax profit of Â£13.1m for the year ending this mon ...

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Severfield Rowen

Kewill

Topps Tiles (November 2023)

Topps Tiles - Post-election like-for-like recovery (February 2020)

Topps Tiles (February 2017)

Topps Tiles (August 2016)

Topps Tiles (November 2015)

Topps Tiles - Q3 LFL accelerates Berenberg forecast 10p next year (August 2015)

Topps Tiles - Takes off after chief executive buys 1m shares at 127p (June 2015)

Topps Tiles (May 2015)

Topps Tiles (October 2014)

Topps Tiles (May 2014)

Topps Tiles - Takeoff after Goldman sets 115p price target (August 2013)

Topps Tiles (July 2013)

Topps Tiles (August 2012)

Topps Tiles (May 2012)

Topps Tiles (October 2011)

Topps Tiles (August 2011)

Topps Tiles (March 2011)

Topps Tiles (December 2010)

Topps Tiles - Accelerating sales trend (November 2010)

Topp Tiles - Q3 update shows improving trend (August 2010)

Topps Tiles (July 2010)

Topps Tiles - Another opportunity to buy (May 2010)

Topps Tiles (February 2010)

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

Topps Tiles (November 2009)

Topps Tiles - Shares briefly hit Â£1 in June (June 2009)

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

Topps Tiles - Further buying by directors (February 2009)

Topps Tiles (July 2008)

Topps Tiles (April 2008)

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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