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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles - Signs of strong trading recovery

November 2010

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:
  • 62p
A more upbeat pre-close trading update from Topps with Q4 like-for-like revenues expected to have increased by c. 4.0% year-on-year. Overall sales for the year are expected to be £182.4m compared with £178.8m the previous year, while pretax profit is expected to be in line with forecasts. Broker KBC Peel Hunt forecasts eps of 6.1p for 2010, rising to 7.3p this year and 8.4p in 2012 and has a price target of 90p. The shares looked to have finally bottomed out. Strong hold / average down.* The writer has a holding ...

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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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