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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles - Top-slice some profits

November 2013

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:
  • 82.5p
Shares in specialist retailer Topps Tiles, which we tipped at 51p in January, have enjoyed a tremendous run, hitting a new high of 94p before a recent pull-back.The strong run reflects anticipation that the improving housing market will feed a greater spend on tiling and Topps, in its year-end update, noted like-for-like sales for Q4 were broadly level with the economy “showing signs of a gradual recovery.†For the 52-week period to 28 September revenues are expected to be level with the prior year (2102: £177.7m) with like-for-like sales down 0.5%. Pretax profit is expected to be around £13m (2012: £12.8m). Topps currently trades from 328 stores having opened 18 and closed or relocated 15 during the year. ...

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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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