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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles

February 2014

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:
  • 140p
The shares have soared to a new high of 140p, almost triple our main recommendation price of 51p last January.The catalyst for the latest spike was its first quarter trading update, which noted like-for-like sales rising 9.3% (2012: 1.6%) for the 13 weeks ended 28 December. Topps ended the period with 328 stores. Performance accelerated towards the end of this period, reflecting the spike in housing activity and improved consumer confidence, which bodes well for the rest of 2014 given the continued easing in lending conditions. Peel Hunt has upgraded pretax profit forecasts for the year to September by £1m to £15.5m (eps: 6.1p) with next year's also increased by £1m to £17.2m (6.8p). ...

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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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