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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Topps Tiles - Shares rally after co-founder acquires 2m shares at 15p

March 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.

  • Epic Code:
  • TPT
  • Price:
  • 21p
Like many in general retail, Topps Tiles has been severely battered by the fall-out from the credit crunch, with the shares falling from a peak of 310p in April 2007 to register a new all time low of 15p on 30 January. However Topps, which is the largest specialist ceramic tile retailer in the UK, does benefit from a low capital intensive, low cost business model and still churns out considerable sums of cash. Indeed it's probably this, along with the expected stimulus from recent cuts in interest rates, that has tempted co-founder Barry Bester to acquire 2m shares at their recent low of 15p, adding to his previous purchase of 3.57m shares at 18p last November and 2.5m shares at 75p last May, albeit he had sold nearly £12m at 184p back ...

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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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