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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles - Shares hit new high of 132p

January 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:
  • 124p
A storming run means the shares have more than doubled following our main recommendation exactly a year ago at 51p. This reflects final results, which showed a first increase in pretax profit of 2% to £13m, before exceptional items of £2.6m, since 2006 on turnover that was unchanged at almost £178m. Although eps fell to 4.8p (2012: 5.1p) what really whetted investors appetites was the much stronger outlook with like-for-like sales increasing 7.4% (2012: +1%) in the first eight weeks of the new year, helped by a pick-up in housing transactions and consumer confidence. As the leading tile specialist, with emphasis on advice, a wide range and easy to navigate store layouts, Topps increased its market share from 27% to 28.5%. Manag ...

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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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