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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles - Two year LFL sales up c.14%

November 2015

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:
  • 146p
Having zoomed up 50p to a high of 165p since May the shares have pulled back, but the future is still bright with mortgage lending, house sales, consumer confidence and employment all flashing green for go. Topps’ pre-close update for the year ending 3 October noted that revenues are expected to be £212m (2014: £195.2m over 52 weeks) with like-for-like revenues increasing c.5.3% on the prior year, which itself rose 8.1%, reflecting growth in market share. On a two-year basis like-for-like sales have grown c. 14%.The group has further developed initiatives including Inspiration, an online “visualizer” to its stores and the launch of 17 new ranges. It also opened 3 new core stores and 2 Boutiques in Q4 a ...

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