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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Topps Tiles - Specialist tile retailer sees pick up in sales

July 2012

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:
  • 39p
From the time of their float in June 1997 until almost a decade later shares in Topps Tiles could do no wrong, with the gain-to-high at one point reaching an incredible 14-fold. However, life for Topps, which is now the UK's largest specialist tile retailer, has been anything but plain sailing since then with the shares collapsing from a record high of 310p in April 2007 to bottom out at 15p in January 2009. While the credit crunch and subsequent household de-leveraging has been partly to blame, Topps' wounds were also self-inflicted as it unwisely took on more than £120m in net debt in order to finance a special dividend back in July ‘06. However, the ingredients for a recovery are now coming into place with net debt reduced ...

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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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